<SEC-DOCUMENT>0001554855-23-000209.txt : 20230331
<SEC-HEADER>0001554855-23-000209.hdr.sgml : 20230331
<ACCEPTANCE-DATETIME>20230331133649
ACCESSION NUMBER:		0001554855-23-000209
CONFORMED SUBMISSION TYPE:	20-F
PUBLIC DOCUMENT COUNT:		193
CONFORMED PERIOD OF REPORT:	20221231
FILED AS OF DATE:		20230331
DATE AS OF CHANGE:		20230331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENARIS SA
		CENTRAL INDEX KEY:			0001190723
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31518
		FILM NUMBER:		23786270

	BUSINESS ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL, 4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
		BUSINESS PHONE:		1-888-300-5432

	MAIL ADDRESS:	
		STREET 1:		26, BOULEVARD ROYAL, 4TH FLOOR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2449
</SEC-HEADER>
<DOCUMENT>
<TYPE>20-F
<SEQUENCE>1
<FILENAME>ts-20221231.htm
<DESCRIPTION>20-F
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font-size: 10pt; font-weight: bold;">E</span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">. 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line-height: 1pt; margin: 1pt 0pt 0pt; padding-top: 1pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 4pt;">&#160;</span></p><p style="margin: 0pt;"><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><br/></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><p style="margin:0pt"><br/></p><img src="img6ef1925405cb4658ad95.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></img><br/></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><div><table style="width: 100%;"><tbody><tr><td class="pgno" style=" padding: 0px; text-align: center;"><span style=" font-size: 10pt;" class="pageno">1</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style=" border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a></div></div><br/></div><div id="D51bzfbz6o0715xc5tiiah6" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="line-height: 12pt; margin: 0pt;"><br/></p><p style="margin: 0px; break-after: avoid; text-indent: 0px;"><span style="color: #009900; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-transform: none;">TABLE OF CONTENTS</span></p><table id="TOC" cellpadding="0" border="0" style="width: 100%; margin-left: 0.1px; height: 505px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="height: 17px;"><p><span style="font-size: 10pt; font-family: 'times new roman', times;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#"></a></span></p><p style="vertical-align: middle; text-align: center;;margin:0pt"><br/></p></td><td style="height: 17px;"><p style="vertical-align: middle; text-align: center;;margin:0pt"><br/></p></td></tr><tr style="height: 17px;"><td id="BM_Ba_WA2BCED4DS00000000000000000000" style="width: 90%; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Ba_WA2BCED4DS00000000000000000000">LETTER FROM THE CHAIRMAN</a></span></td><td class="bmpageno" id="BMP_Ba_WA2BCED4DS00000000000000000000" style="text-align: center; width: 10%; height: 17px;">6</td></tr><tr style="height: 17px;"><td id="BM_Bb_N01XXJ7N5S00000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bb_N01XXJ7N5S00000000000000000000">CERTAIN DEFINED TERMS</a></span></td><td class="bmpageno" id="BMP_Bb_N01XXJ7N5S00000000000000000000" style="text-align: center; height: 17px;">8</td></tr><tr style="height: 17px;"><td id="BM_Bc_V4160YNG7400000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bc_V4160YNG7400000000000000000000">PRESENTATION OF CERTAIN FINANCIAL AND OTHER INFORMATION</a></span></td><td class="bmpageno" id="BMP_Bc_V4160YNG7400000000000000000000" style="text-align: center; height: 17px;">8</td></tr><tr style="height: 17px;"><td id="BM_Bd_JVQR1NFRY800000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bd_JVQR1NFRY800000000000000000000">CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS</a></span></td><td class="bmpageno" id="BMP_Bd_JVQR1NFRY800000000000000000000" style="text-align: center; height: 17px;">9</td></tr><tr style="height: 17px;"><td id="BM_Be_3J7DAI36SG00000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Be_3J7DAI36SG00000000000000000000">CONSOLIDATED MANAGEMENT REPORT</a></span></td><td class="bmpageno" id="BMP_Be_3J7DAI36SG00000000000000000000" style="text-align: center; height: 17px;">10</td></tr><tr style="height: 17px;"><td id="BM_Be_8GRA9OT83K00000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Be_8GRA9OT83K00000000000000000000">Key Information</a></span></td><td class="bmpageno" id="BMP_Be_8GRA9OT83K00000000000000000000" style="text-align: center; height: 17px;">10</td></tr><tr style="height: 17px;"><td id="BM_Bf_RYT4SP7MRK00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bf_RYT4SP7MRK00000000000000000000">Risk Factors </a></span></td><td class="bmpageno" id="BMP_Bf_RYT4SP7MRK00000000000000000000" style="text-align: center; height: 17px;">10</td></tr><tr style="height: 17px;"><td id="BM_Bg_TNKZO5R74000000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bg_TNKZO5R74000000000000000000000">Information on the Company</a></span></td><td class="bmpageno" id="BMP_Bg_TNKZO5R74000000000000000000000" style="text-align: center; height: 17px;">25</td></tr><tr style="height: 17px;"><td id="BM_Baaa_896W64Y93K00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Baaa_896W64Y93K00000000000000000000">Overview</a></span></td><td class="bmpageno" id="BMP_Baaa_896W64Y93K00000000000000000000" style="text-align: center; height: 17px;">25</td></tr><tr style="height: 17px;"><td id="BM_Bh_H4QVUX1SRK00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bh_H4QVUX1SRK00000000000000000000">History and Development of the Company</a></span></td><td class="bmpageno" id="BMP_Bh_H4QVUX1SRK00000000000000000000" style="text-align: center; height: 17px;">26</td></tr><tr style="height: 17px;"><td id="BM_Bi_T61MOMNFRK00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bi_T61MOMNFRK00000000000000000000">Business Overview</a></span></td><td class="bmpageno" id="BMP_Bi_T61MOMNFRK00000000000000000000" style="text-align: center; height: 17px;">28</td></tr><tr style="height: 17px;"><td id="BM_Bj_5ILMVHZWTC00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bj_5ILMVHZWTC00000000000000000000">Organizational Structure and Subsidiaries</a></span></td><td class="bmpageno" id="BMP_Bj_5ILMVHZWTC00000000000000000000" style="text-align: center; height: 17px;">56</td></tr><tr style="height: 17px;"><td id="BM_Bax_DOKOIBVVKG00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bax_DOKOIBVVKG00000000000000000000">Unresolved Staff Comments</a></span></td><td class="bmpageno" id="BMP_Bax_DOKOIBVVKG00000000000000000000" style="text-align: center; height: 17px;">59</td></tr><tr style="height: 17px;"><td id="BM_Bk_KFL6NPMTXC00000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bk_KFL6NPMTXC00000000000000000000">Operating and Financial Review and Prospects</a></span></td><td class="bmpageno" id="BMP_Bk_KFL6NPMTXC00000000000000000000" style="text-align: center; height: 17px;">59</td></tr><tr style="height: 17px;"><td id="BM_Bxcx_SGC1QARMVK00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bxcx_SGC1QARMVK00000000000000000000">Overview</a></span></td><td class="bmpageno" id="BMP_Bxcx_SGC1QARMVK00000000000000000000" style="text-align: center; height: 17px;">60</td></tr><tr style="height: 17px;"><td id="BM_Bl_N00MLAUKV400000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bl_N00MLAUKV400000000000000000000">Operating Results</a></span></td><td class="bmpageno" id="BMP_Bl_N00MLAUKV400000000000000000000" style="text-align: center; height: 17px;">67</td></tr><tr style="height: 17px;"><td id="BM_Bm_V0XL045ENK00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bm_V0XL045ENK00000000000000000000">Liquidity and Capital Resources</a></span></td><td class="bmpageno" id="BMP_Bm_V0XL045ENK00000000000000000000" style="text-align: center; height: 17px;">74</td></tr><tr style="height: 17px;"><td id="BM_Bn_BF5NX06TJ400000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bn_BF5NX06TJ400000000000000000000">Trend Information</a></span></td><td class="bmpageno" id="BMP_Bn_BF5NX06TJ400000000000000000000" style="text-align: center; height: 17px;">77</td></tr><tr style="height: 17px;"><td id="BM_Bo_V23M9Z8MDS00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bo_V23M9Z8MDS00000000000000000000">Critical Accounting Estimates</a></span></td><td class="bmpageno" id="BMP_Bo_V23M9Z8MDS00000000000000000000" style="text-align: center; height: 17px;">80</td></tr><tr style="height: 17px;"><td id="BM_Bo_CLHJ9YVHHC00000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bo_CLHJ9YVHHC00000000000000000000">Directors, Senior Management and Employees</a></span></td><td class="bmpageno" id="BMP_Bo_CLHJ9YVHHC00000000000000000000" style="text-align: center; height: 17px;">81</td></tr><tr style="height: 17px;"><td id="BM_Bp_XND9EN2R8W00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bp_XND9EN2R8W00000000000000000000">Directors and Senior Management</a></span></td><td class="bmpageno" id="BMP_Bp_XND9EN2R8W00000000000000000000" style="text-align: center; height: 17px;">81</td></tr><tr style="height: 17px;"><td id="BM_Bddd_46CB77SE1S00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bddd_46CB77SE1S00000000000000000000">Compensation</a></span></td><td class="bmpageno" id="BMP_Bddd_46CB77SE1S00000000000000000000" style="text-align: center; height: 17px;">87</td></tr><tr style="height: 17px;"><td id="BM_Beee_GE0HIKDKQO00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Beee_GE0HIKDKQO00000000000000000000">Board Practices</a></span></td><td class="bmpageno" id="BMP_Beee_GE0HIKDKQO00000000000000000000" style="text-align: center; height: 17px;">87</td></tr><tr style="height: 17px;"><td id="BM_Br_Y86IIE1Q4W00000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Br_Y86IIE1Q4W00000000000000000000">Employees</a></span></td><td class="bmpageno" id="BMP_Br_Y86IIE1Q4W00000000000000000000" style="text-align: center; height: 17px;">90</td></tr><tr style="height: 17px;"><td id="BM_Bs_6HAH3LQHM800000000000000000000" style="padding: 0px 0px 0px 15px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bs_6HAH3LQHM800000000000000000000">Share Ownership</a></span></td><td class="bmpageno" id="BMP_Bs_6HAH3LQHM800000000000000000000" style="text-align: center; height: 17px;">91</td></tr><tr style="height: 17px;"><td id="BM_Bt_DC5YTPZIXC00000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bt_DC5YTPZIXC00000000000000000000">Major Shareholders and Related Party Transactions</a></span></td><td class="bmpageno" id="BMP_Bt_DC5YTPZIXC00000000000000000000" style="text-align: center; height: 17px;">91</td></tr><tr style="height: 12px;"><td id="BM_Bu_R3WYPXCSKW00000000000000000000" style="height: 12px; padding: 0px 0px 0px 15px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bu_R3WYPXCSKW00000000000000000000">Major Shareholders</a></span></td><td class="bmpageno" id="BMP_Bu_R3WYPXCSKW00000000000000000000" style="text-align: center; height: 12px;">91</td></tr><tr style="height: 17px;"><td id="BM_Bv_7TP47W9EXS00000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bv_7TP47W9EXS00000000000000000000">Related Party Transactions</a></span></td><td class="bmpageno" id="BMP_Bv_7TP47W9EXS00000000000000000000" style="text-align: center; height: 17px;">92</td></tr><tr style="height: 17px;"><td id="BM_Bw_NKCEC3VLSW00000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bw_NKCEC3VLSW00000000000000000000">Financial Information</a></span></td><td class="bmpageno" id="BMP_Bw_NKCEC3VLSW00000000000000000000" style="text-align: center; height: 17px;">93</td></tr><tr style="height: 17px;"><td id="BM_Bx_RSGIV4425C00000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bx_RSGIV4425C00000000000000000000">Consolidated Statements and Other Financial Information</a></span></td><td class="bmpageno" id="BMP_Bx_RSGIV4425C00000000000000000000" style="text-align: center; height: 17px;">93</td></tr><tr style="height: 17px;"><td id="BM_By_5D89NO378000000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#By_5D89NO378000000000000000000000">Significant Changes</a></span></td><td class="bmpageno" id="BMP_By_5D89NO378000000000000000000000" style="text-align: center; height: 17px;">97</td></tr><tr style="height: 17px;"><td id="BM_Bz_7AN8050U1S00000000000000000000" style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bz_7AN8050U1S00000000000000000000">The Offer and Listing</a></span></td><td class="bmpageno" id="BMP_Bz_7AN8050U1S00000000000000000000" style="text-align: center; height: 17px;">97</td></tr><tr style="height: 17px;"><td id="BM_Bxx_K9DP6XWPTS00000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#Bxx_K9DP6XWPTS00000000000000000000">Offer and Listing Details</a></span></td><td class="bmpageno" id="BMP_Bxx_K9DP6XWPTS00000000000000000000" style="text-align: center; height: 17px;">97</td></tr></tbody></table>
&#160;</div><div style="font-family: 'times new roman', times; font-size: 10pt;"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">2</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><br/><table id="TOC1" cellpadding="0" border="0" style="width: 100%; margin-left: 0.1px; height: 324px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td id="BM_Baa_MH38U5BJSW00000000000000000000" style="height: 17px; width: 90%;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Baa_MH38U5BJSW00000000000000000000">Additional Information</a></span></td><td class="bmpageno" id="BMP_Baa_MH38U5BJSW00000000000000000000" style="text-align: center; height: 17px; width: 10%;">98</td></tr><tr style="height: 17px;"><td id="BM_Bbb_W01PDB2YK000000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bbb_W01PDB2YK000000000000000000000">Exchange Controls</a></span></td><td class="bmpageno" id="BMP_Bbb_W01PDB2YK000000000000000000000" style="text-align: center; height: 17px;">98</td></tr><tr style="height: 17px;"><td id="BM_Bcc_9ZEJ6EBS5C00000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bcc_9ZEJ6EBS5C00000000000000000000">Taxation</a></span></td><td class="bmpageno" id="BMP_Bcc_9ZEJ6EBS5C00000000000000000000" style="text-align: center; height: 17px;">98</td></tr><tr style="height: 17px;"><td id="BM_Bdd_V1INS47L8W00000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bdd_V1INS47L8W00000000000000000000">Documents on Display</a></span></td><td class="bmpageno" id="BMP_Bdd_V1INS47L8W00000000000000000000" style="text-align: center; height: 17px;">104</td></tr><tr style="height: 17px;"><td id="BM_BQQ_KC8OZRE67400000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#BQQ_KC8OZRE67400000000000000000000">Quantitative and Qualitative Disclosure about Market Risk</a></span></td><td class="bmpageno" id="BMP_BQQ_KC8OZRE67400000000000000000000" style="text-align: center; height: 17px;">105</td></tr><tr style="height: 17px;"><td id="BM_Bgg_RPUAP7QDC000000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bgg_RPUAP7QDC000000000000000000000">Description of Securities Other Than Equity Securities</a></span></td><td class="bmpageno" id="BMP_Bgg_RPUAP7QDC000000000000000000000" style="text-align: center; height: 17px;">107</td></tr><tr style="height: 17px;"><td id="BM_Bhh_GQF09ZSCAO00000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bhh_GQF09ZSCAO00000000000000000000">American Depositary Shares</a></span></td><td class="bmpageno" id="BMP_Bhh_GQF09ZSCAO00000000000000000000" style="text-align: center; height: 17px;">107</td></tr><tr style="height: 17px;"><td id="BM_Bii_RBU1I2VOTS00000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bii_RBU1I2VOTS00000000000000000000">Controls and Procedures</a></span></td><td class="bmpageno" id="BMP_Bii_RBU1I2VOTS00000000000000000000" style="text-align: center; height: 17px;">109</td></tr><tr style="height: 17px;"><td id="BM_Bjj_W9MCE4B16800000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bjj_W9MCE4B16800000000000000000000">Audit Committee Financial Expert</a></span></td><td class="bmpageno" id="BMP_Bjj_W9MCE4B16800000000000000000000" style="text-align: center; height: 17px;">110</td></tr><tr style="height: 17px;"><td id="BM_Bkk_FA49LGSB2800000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bkk_FA49LGSB2800000000000000000000">Code of Ethics</a></span></td><td class="bmpageno" id="BMP_Bkk_FA49LGSB2800000000000000000000" style="text-align: center; height: 17px;">110</td></tr><tr style="height: 17px;"><td id="BM_Bll_HV3WOEV8E800000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bll_HV3WOEV8E800000000000000000000">Principal Accountant Fees and Services</a></span></td><td class="bmpageno" id="BMP_Bll_HV3WOEV8E800000000000000000000" style="text-align: center; height: 17px;">110</td></tr><tr style="height: 17px;"><td id="BM_Bmm_9NDN5CRKA800000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bmm_9NDN5CRKA800000000000000000000">Purchases of Equity Securities by the Issuer and Affiliated Purchasers</a></span></td><td class="bmpageno" id="BMP_Bmm_9NDN5CRKA800000000000000000000" style="text-align: center; height: 17px;">111</td></tr><tr style="height: 17px;"><td id="BM_Bnn_G27DWDMQGG00000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bnn_G27DWDMQGG00000000000000000000">Change in Registrant&#8217;s Certifying Accountant</a></span></td><td class="bmpageno" id="BMP_Bnn_G27DWDMQGG00000000000000000000" style="text-align: center; height: 17px;">113</td></tr><tr style="height: 17px;"><td id="BM_Boo_Z16CPU8HR400000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Boo_Z16CPU8HR400000000000000000000">Corporate Governance Statement</a></span></td><td class="bmpageno" id="BMP_Boo_Z16CPU8HR400000000000000000000" style="text-align: center; height: 17px;">113</td></tr><tr style="height: 17px;"><td id="BM_Bpp_69GGG9XI6800000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bpp_69GGG9XI6800000000000000000000">Corporate Governance</a></span></td><td class="bmpageno" id="BMP_Bpp_69GGG9XI6800000000000000000000" style="text-align: center; height: 17px;">113</td></tr><tr style="height: 17px;"><td id="BM_Bqq_PP8RB71IGW00000000000000000000" style="height: 17px; padding: 0px 0px 0px 15px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bqq_PP8RB71IGW00000000000000000000">Summary of differences with NYSE standards</a></span></td><td class="bmpageno" id="BMP_Bqq_PP8RB71IGW00000000000000000000" style="text-align: center; height: 17px;">120</td></tr><tr style="height: 17px;"><td id="BM_Bxy_DEOIT8V8FK00000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bxy_DEOIT8V8FK00000000000000000000">Financial Statements</a></span></td><td class="bmpageno" id="BMP_Bxy_DEOIT8V8FK00000000000000000000" style="text-align: center; height: 17px;">124</td></tr><tr style="height: 17px;"><td id="BM_Bss_U8GUE1QWCW00000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bss_U8GUE1QWCW00000000000000000000">FINANCIAL STATEMENTS</a></span></td><td class="bmpageno" id="BMP_Bss_U8GUE1QWCW00000000000000000000" style="text-align: center; height: 17px;">125</td></tr><tr style="height: 17px;"><td id="BM_Bexh_BSHPHBERZ400000000000000000000" style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><a href="#Bexh_BSHPHBERZ400000000000000000000">EXHIBITS</a></span></td><td class="bmpageno" id="BMP_Bexh_BSHPHBERZ400000000000000000000" style="text-align: center; height: 17px;">126</td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;">&#160;</p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">3</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0pt;"><br/></p><p style="margin: 0pt 0pt 12pt; page-break-after: avoid;"><span style="color: #009900; font-size: 10pt; font-weight: bold; text-transform: none; font-family: 'times new roman', times;">FORM 20-F CROSS REFERENCE GUIDE</span></p><table border="0" cellpadding="0" width="100%" style="height: 589px; border-collapse: collapse; margin: 0px; width: 100%; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"><tbody><tr style="height: 22px;"><td style="background: #f2f2f2; padding: 0in 5.4pt; height: 22px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000;"><p style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="mso-bookmark: 'RANGE\!B1:D85';"><b><span>Item</span></b></span><b><span></span></b></span></p></td><td style="background: #f2f2f2; padding: 0in 0px; height: 22px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; margin: 0px; text-indent: 0px;"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span>Item in Form 20-F</span></b></span></p></td><td style="background: #f2f2f2; padding: 0in 0px; height: 22px; border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; margin: 0px; text-indent: 0px;"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span><span style="font-size: 10pt; font-family: 'times new roman', times;"> Cross-reference to consolidated management report</span></span></b></span></p></td></tr><tr style="height: 22px;"><td style="padding: 0in 5.4pt; height: 22px;"></td><td style="padding: 0in 0px; height: 22px; margin: 0px; text-indent: 0px;"></td><td style="padding: 0in 0px; height: 22px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px; width: 8%;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><i><span style="color: #000000;">Part I</span></i></b></span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; width: 42%; margin: 0px; text-indent: 0px;"></td><td valign="bottom" style="padding: 0in 0px; height: 13px; width: 50%; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 1</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Identity of Directors , Senior Management and Advisors</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 2</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Offer Statistics and Expected Timetable</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 3</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Key Information</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Key Information</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">3.A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">[Reserved] </span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">3.B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Capitalization and Indebtedness</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">3.C</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Reasons for the Offer and Use of Proceeds</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">3.D</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Risk Factors</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Key Information - Risk Factors</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 4</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Information on the Company</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Information on the Company</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">4.A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">History and Development of the Company</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Information on the Company - History and Development of the Company</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">4.B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Business Overview</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Information on the Company - Business Overview</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">4.C</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Organizational Structure and Subsidiaries</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Information on the Company - Organizational Structure and Subsidiaries</span></p></td></tr><tr style="height: 15px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 15px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">4.D</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 15px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Property, Plant and Equipment</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 15px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="color: #000000;"> Information on the Company - Business Overview</span></span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 4A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Unresolved Staff Comments</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="color: #000000;"> Information on the Company - Unresolved Staff Comments</span></span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 5</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Operating and Financial Review and Prospects</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Operating and Financial Review and Prospects - Overview</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">5.A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Operating Results</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Operating and Financial Review and Prospects - Operating Results</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">5.B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Liquidity and Capital Resources</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Operating and Financial Review and Prospects - Liquidity and Capital Resources</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">5.C</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Research and Developments, Patents and Licenses, Etc.</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Information on the Company - Business Overview</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">5.D</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Trend Information</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Operating and Financial Review and Prospects - Trend Information</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">5.E</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Critical Accounting Estimates</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Operating and Financial Review and Prospects - Critical Accounting Estimates</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 6</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Directors, Senior Management and Employees</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Directors, Senior Management and Employees</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">6.A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Directors and Senior Management</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Directors, Senior Management and Employees - Directors and Senior Management</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">6.B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Compensation</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Directors, Senior Management and Employees - Compensation</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">6.C</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Board Practices</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Directors, Senior Management and Employees - Board Practices</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">6.D</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Employees</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Directors, Senior Management and Employees - Employees</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">6.E</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Share Ownership</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Directors, Senior Management and Employees - Share Ownership</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">6.F</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="color: #000000;"> Disclosure of a Registrant&#8217;s Action to Recover Erroneously Awarded Compensation</span></span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 7</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Major Shareholders and Related Party Transactions</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Major Shareholders and Related Party Transactions</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">7.A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Major Shareholders</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Major Shareholders and Related Party Transactions - Major Shareholders</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">7.B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Related Party Transactions</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Major Shareholders and Related Party Transactions - Related Party Transactions</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">7.C</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Interest of Experts and Counsel</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 8</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Financial Information</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Financial Information</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">8.A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Consolidated Statements and Other Financial Information</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Financial Information - Consolidated Statements and Other Financial Information</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">8.B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Significant Changes</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="color: #000000;"> Financial Information - Significant Changes</span></span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 9</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">The Offer and Listing</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">The Offer and Listing</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">9.A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Offer and Listing Details</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">The Offer and Listing - Offer and Listing Details</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">9.B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Plan of Distribution</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">9.C</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Markets</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">The Offer and Listing - Offer and Listing Details</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">9.D</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Selling Shareholders</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">9.E</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Dilution</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">9.F</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Expenses of the Issue</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 10px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 10px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 10</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Additional Information</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Additional Information<br/>Corporate Governance Statement</span></p></td></tr></tbody></table>
&#160;</div><div style="font-family: 'times new roman', times; font-size: 10pt;"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">4</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><br/><table border="0" cellpadding="0" width="100%" style="height: 444px; border-collapse: collapse; margin: 0px; width: 100%; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"><tbody><tr style="height: 10px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 10px; width: 8%;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 10px; width: 42%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Share Capital</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 10px; width: 50%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Memorandum and Articles of Association</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Corporate Governance Statement - <span style="color: #000000;">Corporate Governance</span></span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.C</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Material Contracts</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Information on the Company - Business Overview</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.D</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Exchange Controls</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Additional Information - Exchange Controls</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.E</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Taxation</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Additional Information - Taxation</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.F</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Dividends and Paying Agents</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.G</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Statement by Experts</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.H</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Documents on Display</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Additional Information - Documents on Display</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.I</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Subsidiary Information</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">10.J</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Annual Report to Security Holders</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span style="color: #000000;">None - Not applicable</span></span></span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 11</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Quantitative and Qualitative Disclosure about Market Risk</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Quantitative and Qualitative Disclosure about Market Risk</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 12</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Description of Securities Other Than Equity Securities</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Description of Securities Other Than Equity Securities</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">12.A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Debt Securities</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">12.B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Warrants and Rights</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">12.C</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Other Securities</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">12.D</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">American Depositary Shares</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Description of Securities Other Than Equity Securities - American Depositary Shares</span></p></td></tr><tr style="height: 4px;"><td style="padding: 0in 5.4pt; height: 4px; border-bottom: 1pt solid #000000;"></td><td style="padding: 0in 0px; height: 4px; border-bottom: 1pt solid #000000; margin: 0px; text-indent: 0px;"></td><td style="padding: 0in 0px; height: 4px; border-bottom: 1pt solid #000000; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</span></p></td></tr><tr style="height: 10px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 10px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><i><span style="color: #000000;">Part II</span></i></b></span></p></td><td valign="bottom" style="padding: 0in 0px; height: 10px; margin: 0px; text-indent: 0px;"></td><td valign="bottom" style="padding: 0in 0px; height: 10px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 13</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Defaults, Dividend Arrearages and Delinquencies</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 14</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Material Modifications to the Rights of Security Holders and Use of Products</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 15</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Controls and Procedures</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Controls and Procedures</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 16</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">[Reserved] </span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0px 0px 0px 7px; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 16A</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Audit Committee Financial Expert</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Audit Committee Financial Expert</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0px 0px 0px 7px; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 16B</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Code of Ethics</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Code of Ethics</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0px 0px 0px 7px; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 16C</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Principal Accountant Fees and Services</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Principal Accountant Fees and Services</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0px 0px 0px 7px; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 16D</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Exemption from the Listing Standards for Audit Committee</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0px 0px 0px 7px; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 16E</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Purchase of Equity Securities by the Issuer and Affiliated Purchasers</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Purchase of Equity Securities by the Issuer and Affiliated Purchasers</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0px 0px 0px 7px; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 16F</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Change in Registrant's Certifying Accountant</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="color: #000000;"> Change in Registrant's Certifying Accountant</span></span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0px 0px 0px 7px; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 16G</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Corporate Governance</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Corporate Governance Statement</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0px 0px 0px 7px; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 16H</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Mine Safety Disclosure</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">None - Not applicable</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0px 0px 0px 7px; 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height: 4px; border-bottom: 1pt solid #000000;"></td><td style="padding: 0in 0px; height: 4px; border-bottom: 1pt solid #000000; margin: 0px; text-indent: 0px;"></td><td style="padding: 0in 0px; height: 4px; border-bottom: 1pt solid #000000; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">&#160;</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><i><span style="color: #000000;">Part III</span></i></b></span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 17</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Financial Statements</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Financial Statements</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; height: 13px;"><p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Item 18</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Financial Statements</span></p></td><td valign="bottom" style="padding: 0in 0px; height: 13px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Financial Statements</span></p></td></tr><tr style="height: 13px;"><td valign="bottom" style="padding: 0in 5.4pt; 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font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">5</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div></div><div id="Dbuzyb4s4vh5yt4o942ief"><div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;"><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0pt; line-height: 1.2;"><br/></p></div><div style="line-height: 1.2;"><div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="color: #009900;"><a style="text-decoration: none; cursor: default; outline: none; pointer-events: none; color: #000000;" href="#TOC" id="Ba_WA2BCED4DS00000000000000000000" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; text-decoration: none; cursor: default; outline: none; pointer-events: none; color: #009900;">LETTER FROM THE CHAIRMAN</span></a></span></div><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-transform: none; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt;"> 2022 was a record year for Tenaris. We were able to take advantage of favorable market conditions, particularly in North America, and the efficient deployment of our global industrial system to generate strong increases in sales and margins through the year.</span></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt;"> Our sales grew 80% to USD 11.8 billion, our EBITDA rose to USD 3.6 billion, and our net income rose to USD 2.5 billion, or 22% of net sales. With a solid balance sheet and good prospects for an increase in cash flow in the year ahead, we are proposing to raise our dividend for the 2022 year by 24% to USD 0.51 per share.</span></span></p><p style="line-height: 12pt; margin: 0cm;"><span><span style="font-size: 13.3333px;">&#160;</span></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: SabonLTPro-Roman; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">We produced over 3.5 million tons of steel pipes worldwide, sustaining an ongoing ramp up of our facilities in the USA and high levels of production throughout our industrial system.</span>&#160;Despite the use of longer and more complex production and logistics routes, we were able to maintain high standards for safety, product quality and consumption of materials.</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">During the year, we hired 6,500 new employees and, in our induction training routines, we paid close attention to the importance of having a safety mindset with awareness and behaviors suitable for the industrial environment of our shop floor. We empower all our employees to be proactive in always taking preventive safety actions. Our lost time injury frequency rate for the year declined by 10% to 0.9 per million man hours worked. We are grateful to our people working in the plant for their contribution to this result.</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span>We increased the deployment of our Rig Direct&#174; services. We are now serving over 500 rigs directly worldwide. Our unique service platform allows us to integrate our operations more closely with our customers, minimizing material production and flows, and provide digital and technical services that can further differentiate us from our competitors.</span></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As we increased production, sales and service, our logistics operations have reached a substantial magnitude. To give an idea of the efforts involved, between inter-mill transportation and delivery to customers, we moved around 10 million tons of material all around the world. We are strengthening the reliability of our supply chain through the digitalization of our material flows.</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">2022 marked a turning point in our deployment in the United States. The country accounted for more than 40% of our total sales, most of which are now produced locally. We brought the Bay City mill to full production capacity and ramped up production in the rest of our US industrial system including the restart of production of welded pipes and of heat treatment and finishing at our Baytown and Koppel sites. We hired more than 1,500 new employees during the year and now employ 3,600 persons in the country.</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><br/></p><p style="margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times;">The energy transition is progressing, but its pace will be gradual. The phasing out of fossil fuels needs to be balanced with considerations of energy security, access and affordability in a world which has distinct regional priorities. Our role is to support our customers with high quality, efficient tubular solutions so that current sources of energy can be delivered securely and affordably with the lowest impact possible on the environment. At the same time, we are developing products and solutions for cleaner sources of energy and carbon abatement systems, such as hydrogen, geothermal energy and carbon dioxide transportation and storage systems.</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt;">An essential part of our role is to reduce the carbon emissions from our operations as quickly as technology and market conditions allow. We are making good progress towards our initial target of reducing the carbon emissions intensity of our operations by 30% by 2030 compared to a 2018 baseline. Around 30% of our capex is now being directed to projects that will contribute to this target and other environmental objectives. In addition to our wind farm in Argentina, we will be making investments which will contribute to improving energy efficiency in Italy and Argentina and improving air quality at our Koppel steel shop in the United States.</span></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><div style="font-family: 'times new roman', times; font-size: 10pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;" class="pageno">6</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As we look ahead, we&#160;view that the current balance in the oil market and high demand for LNG will support oil and gas prices and investment in the sector. We expect that the number of oil and gas wells drilled around the world in 2023 will increase and this will drive global OCTG demand to around 16 million tons to reach its highest level since 2014.</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt;"> With the increase in activity, we expect further sales and cash flow growth with increases in sales to offshore developments, in the Middle East and in pipeline infrastructure in South America.</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="background-color: #ffff00; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Our achievements over the past year that will support this growth include: our multi-year agreement with ExxonMobil to supply their offshore operations in Guyana; our agreements with Petrobras to supply their pre-salt operations; the renewal of our long-term worldwide agreement with ENI; the renewal of our long-term agreement with QatarGas and the consolidation of our long-term agreement with ADNOC. We also extended our long-term agreements with YPF and Pemex and were awarded supply agreements for major gas pipeline projects for the Vaca Muerta field in Argentina and the North Field expansion in Qatar.</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="background-color: #ffff00; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt;"> The sustainability of our operations worldwide depends on the support and development of our local communities. Safety and care for the environment are paramount, as is support for employee and community development. Given its essential role in progress and development, we have put education at the core of our community activities.</span></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt;"> Our efforts to strengthen technical education are increasingly recognized. The Roberto Rocca Technical School in Campana became the first school in Argentina to be qualified as a Technical Training Center providing certifications to members of the local community for Industry 4.0 -related technical training, in partnership with German automation and industrial companies, FESTO and Siemens.</span></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt;">In Cartagena, Colombia, through our Roberto Rocca Technical Gene program, we helped to redesign a technical school, introducing new technical study courses in partnership with the SENA national learning system and improving job opportunities with local industrial companies for young people in the community.</span></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; line-height: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: SabonLTPro-Roman; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Over the past year, Tenaris has made good progress on many fronts and produced record financial results. We have been able to achieve this only thanks to the confidence our customers have placed in us and the constant efforts and outstanding performance of our diverse and united team of employees around the world in a volatile and fast-moving environment. We thank them together with our suppliers and shareholders for their continued support for our company.</span></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: inherit;">&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Sincerely,&#160;</span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><p style="font-family: 'Times New Roman', serif; font-size: 12pt; margin: 0cm;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 48px;"><tbody><tr style="height: 10px;"><td style="width: 16.8847%; height: 10px; border-bottom: 1px solid rgb(0, 0, 0);"><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; text-transform: none; line-height: inherit;">/s/ Paolo Rocca</span></p></td><td style="width: 83.1153%; height: 10px;"><br/></td></tr><tr style="height: 19px;"><td style="width: 16.8847%; height: 19px;"><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; text-transform: none; line-height: inherit;">Paolo Rocca</span></p></td><td style="width: 83.1153%; height: 19px;"><br/></td></tr><tr style="height: 19px;"><td style="width: 16.8847%; height: 19px;"><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; text-transform: none; line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">March 31, 2023</span><br/></span></p></td><td style="width: 83.1153%; height: 19px;"><br/></td></tr></tbody></table><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 12pt; margin: 0pt;"><br/></p><div style="font-family: 'times new roman', times; font-size: 10pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;" class="pageno">7</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><p style="font-family: 'times new roman', times; font-size: 10pt;;margin:0pt"><br/></p><table style="font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table></div></div><div id="Da257gl6l2755lf7v280up" style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><div style="line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><a style="text-decoration: none; cursor: default; outline: none; pointer-events: none; color: #000000;" href="#TOC" id="Bb_N01XXJ7N5S00000000000000000000" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; color: #009900;">CERTAIN DEFINED TERMS</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Unless otherwise specified or if the context so requires:</span></p><table style="width: 100%; margin: 0px; height: 214px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="height: 17px; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 5%;" valign="top"><span style="font-family: 'times new roman', times; line-height: inherit;">&#8226;</span></td><td style="height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; width: 95%;" valign="top"><p style="padding-left: 0px; padding-right: 0px; margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">References in this annual report to &#8220;the Company&#8221; are exclusively to Tenaris S.A., a Luxembourg&#160;</span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">soci&#233;t&#233; anonyme</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p></td></tr><tr style="height: 34px;"><td style="height: 34px; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#8226;</span><br/></td><td style="height: 34px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><p style="padding-left: 0px; padding-right: 0px; margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">References in this annual report to &#8220;Tenaris&#8221;, &#8220;we&#8221;, &#8220;us&#8221; or &#8220;our&#8221; are to&#160;Tenaris&#160;S.A. and its consolidated subsidiaries. See &#8220;II</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">&#160;Accounting&#160;Polic</span><span style="font-size: 10pt; line-height: inherit;">ies</span><span style="font-size: 10pt; line-height: inherit;">&#160;A. Basis of presentation&#8221; and &#8220;II</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">&#160;Accounting&#160;Polic</span><span style="font-size: 10pt; line-height: inherit;">ies</span><span style="font-size: 10pt; line-height: inherit;">&#160;B. Group accounting&#8221; to our audited consolidated financial statements included in this annual report.</span></span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#8226;</span></td><td style="height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><p style="padding-left: 0px; padding-right: 0px; margin: 0pt 0pt 8pt; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">References in this annual report to &#8220;San&#160;Faustin&#8221; are to San&#160;Faustin&#160;S.A., a Luxembourg&#160;</span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">soci&#233;t&#233;&#160;anonyme</span><span style="font-size: 10pt; line-height: inherit;">&#160;and the Company&#8217;s controlling shareholder.</span></span></p></td></tr><tr style="height: 10px;"><td style="height: 10px; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#8226;</span><br/></td><td style="height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><p style="padding-left: 0px; padding-right: 0px; margin: 0pt 0pt 8pt; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;">hares</span><span style="font-size: 10pt; line-height: inherit;">&#8221; refers to ordinary shares, par value $1.00, of the Company.</span></span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#8226;</span></td><td style="height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><p style="padding-left: 0px; padding-right: 0px; margin: 0pt 0pt 8pt; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">&#8220;ADSs&#8221; refers to the American Depositary Shares, which are evidenced by American Depositary Receipts, and represent two&#160;</span><span style="font-size: 10pt; 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text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#8226;</span><br/></td><td style="height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><p style="padding-left: 0px; padding-right: 0px; margin: 0pt 0pt 8pt; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; 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margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><p style="padding-left: 0px; padding-right: 0px; margin: 0pt 0pt 8pt; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#8220;ARS&#8221; refers to the Argentine peso.</span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">&#8226;</span><br/></td><td style="height: 17px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#8220;BRL&#8221; refers to the Brazilian real.</span></p></td></tr></tbody></table><div style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bc_V4160YNG7400000000000000000000" class="customBookmark"><span style="color: #009900; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">PRESENTATION OF CERTAIN FINANCIAL AND OTHER INFORMATION</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Accounting Principles</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We prepare our consolidated financial statements in </span><span style="font-size: 10pt; line-height: inherit;">accordance</span><span style="font-size: 10pt; line-height: inherit;"> with International Financial Reporting Standards</span><span style="font-size: 10pt; line-height: inherit;"> (</span><span style="font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-size: 10pt; line-height: inherit;">IFRS</span><span style="font-size: 10pt; line-height: inherit;">&#8221;</span><span style="font-size: 10pt; line-height: inherit;">)</span><span style="font-size: 10pt; line-height: inherit;">, </span><span style="font-size: 10pt; line-height: inherit;">as issued by the International Accounting Standards Board</span><span style="font-size: 10pt; line-height: inherit;"> (</span><span style="font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-size: 10pt; line-height: inherit;">IASB</span><span style="font-size: 10pt; line-height: inherit;">&#8221;</span><span style="font-size: 10pt; line-height: inherit;">)</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> and </span><span style="font-size: 10pt; line-height: inherit;">in accordance with IFRS</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;">as </span><span style="font-size: 10pt; line-height: inherit;">adopted by the European Union. IFRS differs in certain significant </span><span style="font-size: 10pt; line-height: inherit;">a</span><span style="font-size: 10pt; line-height: inherit;">spects from generally accepted accounting principles in the United States, commonly referred to as U.S. GAAP.</span><span style="font-size: 10pt; line-height: inherit;"> Additionally, this annual report includes </span><span style="font-size: 10pt; line-height: inherit;">certain </span><span style="font-size: 10pt; line-height: inherit;">non-IFRS alternative performance measures such as EBITDA, Net cash/debt position and Free Cash Flow. See Exhibit 15.2&#160;</span><span style="font-size: 10pt; line-height: inherit;">for more details on these alternative performance measures.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We publish consolidated financial statements presented in increments of a thousand U.S. dollars. This annual report includes our audited consolidated statements of financial position as of 31 December 2022 and 2021, and the related consolidated income statements, consolidated statements of comprehensive income, consolidated statements of changes in equity and consolidated statements of cash flows for each of the three years in the period ended 31 December 2022, including the related notes (collectively referred to as the &#8220;consolidated financial statements&#8221;).</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Rounding</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Certain monetary amounts, percentages and other figures included in this annual report have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be the arithmetic aggregation of the figures that precede them, and figures expressed as percentages in the text may not total 100% or, as applicable, when aggregated may not be the arithmetic aggregation of the percentages that precede them.</span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">8</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Our Internet Website is Not Part of this Annual Report</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We maintain an Internet website at www.tenaris.com. Information contained in or otherwise accessible through our Internet website is not a part of this annual report. All references in this annual report to this Internet site are inactive textual references to these URLs, or &#8220;uniform resource locators&#8221; and are for informational reference only. We assume no responsibility for the information contained on our Internet website.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Industry Data</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Unless otherwise indicated, industry data and statistics (including historical information, estimates or forecasts) in this annual report are contained in or derived from internal or industry sources believed by Tenaris to be reliable.</span><span style="font-size: 10pt; line-height: inherit;"> Industry data and statistics are inherently predictive and are not necessarily reflective of actual industry conditions. Such statistics are based on market research, which itself is based on sampling and subjective judgments by both the researchers and the respondents, including judgments about what types of products and transactions should be included in the relevant market. In addition, the value of comparisons of statistics for different markets is limited by many factors, including that (i)</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">the markets are defined differently, (ii)</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">the underlying information was gathered by different methods and (iii)</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">different assumptions were applied in compiling the data. Such data and statistics have not been independently verified, and the Company makes no representation as to the accuracy or completeness of such data or any assumptions relied upon therein.</span></span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bd_JVQR1NFRY800000000000000000000" class="customBookmark"><span style="color: #009900; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS</span></a></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This annual report and any other oral or written statements made by us to the public may contain &#8220;forward-looking statements&#8221; within the meaning of and subject to the &#8220;safe harbor&#8221; provisions of the Private Securities Litigation Reform Act of 1995. This annual report contains forward-looking statements, including with respect to certain of our plans and current goals and expectations relating to Tenaris&#8217;s future financial condition and performance.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Sections of this annual report that by their nature contain forward-looking statements include,</span><span style="font-size: 10pt; line-height: inherit;"> but are not limited to, &#8220;Key Information&#8221;, </span><span style="font-size: 10pt; line-height: inherit;">&#8220;Infor</span><span style="font-size: 10pt; line-height: inherit;">mation on the Company&#8221;, </span><span style="font-size: 10pt; line-height: inherit;">&#8220;Operating and Financial</span><span style="font-size: 10pt; line-height: inherit;"> Review and Prospects&#8221;, </span><span style="font-size: 10pt; line-height: inherit;">&#8220;Fi</span><span style="font-size: 10pt; line-height: inherit;">nancial Information&#8221; and</span><span style="font-size: 10pt; line-height: inherit;"> &#8220;Quantitative and Qualitative Disclosure About Market Risk</span><span style="font-size: 10pt; line-height: inherit;">&#8221;</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We use words </span><span style="font-size: 10pt; line-height: inherit;">and terms </span><span style="font-size: 10pt; line-height: inherit;">such as &#8220;aim&#8221;, &#8220;will likely result&#8221;, &#8220;will continue&#8221;, &#8220;contemplate&#8221;, &#8220;seek to&#8221;, &#8220;future&#8221;, &#8220;objective&#8221;, &#8220;goal&#8221;, &#8220;should&#8221;, &#8220;will pursue&#8221;, &#8220;anticipate&#8221;, &#8220;estimate&#8221;, &#8220;expect&#8221;, &#8220;project&#8221;, &#8220;intend&#8221;, &#8220;plan&#8221;, &#8220;believe&#8221; and words and terms of similar substance to identify forward-looking statements, but they are not the only way we identify such statements. All forward-looking statements are management&#8217;s present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors include the risks related to our business </span><span style="font-size: 10pt; line-height: inherit;">and industry </span><span style="font-size: 10pt; line-height: inherit;">discussed under &#8220;Key Information &#8211; Risk Factors&#8221;,</span><span style="font-size: 10pt; line-height: inherit;"> including</span><span style="font-size: 10pt; line-height: inherit;"> among them, the following:</span></span></p><table style="width: 100%; margin-left: 0.1px; height: 187px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top; width: 5%;" valign="top"><p>&#8226;<br/></p></td><td style="height: 17px; width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">our ability to implement our business strategy<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">and to adapt it adequately to the energy transition<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">or to grow through acquisitions, joint ventures and other investments;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">our ability to price our products and services in accordance with our strategy;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">trends in the levels of investment in oil and gas exploration and drilling worldwide;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">the competitive environment in our business and our industry;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">the impact of climate change legislations, including increasing regulatory requirements and extensive technology and market changes aimed at transitioning to a lower-carbon economy and reducing greenhouse gas (&#8220;GHG&#8221;)</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>emissions</span><span style="font-size: 10pt; line-height: inherit;">;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">the physical risks resulting from climate change, including<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">natural disasters,<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">increased severity of extreme weather events</span><span style="font-size: 10pt; line-height: inherit;">, chronic climate changes</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>and long-te</span><span style="font-size: 10pt; line-height: inherit;">rm shifts in weather patterns;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">our ability to absorb cost increases and to secure supplies of essential raw materials and energy</span><span style="font-size: 10pt; line-height: inherit;">;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">our ability to adjust fixed and semi-fixed costs to</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>fluctuations in product demand;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px;"><p><span style="font-size: 10pt; line-height: inherit;">the impact of<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">the world&#8217;s economy on</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>the energy sector in general, or our business and operations;</span></p></td></tr></tbody></table><p style="margin: 0px; text-indent: 0px; break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><br/></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">9</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 1.2;;margin:0pt"><br/></p><table style="width: 100%; margin-left: 0.1px; height: 27px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 10px;"><td style="height: 10px; text-align: center; vertical-align: top; width: 5%;" valign="top">&#8226;</td><td style="height: 10px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">general macroeconomic changes, including high inflation rates and central banks&#8217; measures to address inflation, as well as, international conflicts, public health epidemics (such as the COVID-19 pandemic) and other political, social, or economic conditions and developments in the countries in which we operate or distribute pipes, including developments in connection with the Russia-Ukraine armed conflict; <span style="font-style: italic;">and</span></span><span style="font-size: 10pt; line-height: inherit;"><br/></span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top;" valign="top"><p><span style="font-size: 10pt; line-height: inherit;">changes</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>to applicable laws and regulations, including the imposition of tariffs or quotas or other trade barrier</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;">.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">By their nature, certain disclosures relating to these and other risks are only estimates and could be materially different from what actually occurs in the future. As a result, actual future gains or losses</span><span style="font-size: 10pt; line-height: inherit;"> or other occurrences or developments</span><span style="font-size: 10pt; line-height: inherit;"> that may affect our financial condition and results of operations could differ materially from those that have been estimated. You should not place undue reliance on forward-looking statements, which speak only as of the date of this annual report. Except as required by law, we are not under any obligation, and expressly disclaim any obligation to, update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.</span></span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Be_3J7DAI36SG00000000000000000000" class="customBookmark"><span style="color: #009900; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">CONSOLIDATED MANAGEMENT REPORT</span></a></div><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Be_8GRA9OT83K00000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Key Information</span></a></div><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; cursor: default; outline: none; pointer-events: none; color: rgb(0, 0, 0);" href="#TOC" id="Bf_RYT4SP7MRK00000000000000000000" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="color: rgb(142, 142, 142);">Risk Factors</span></span></a></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">You should carefully consider the risks and uncertainties described below, together with all other information contained in this annual report, before making any investment decision. Any of these risks and uncertainties could have a material adverse effect on our business, revenues, financial condition and results of operations, which could in turn affect the price of shares and ADSs.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Risks Relating to Our</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"> Business and </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Industry</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Sales and profitability </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">may fall</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> as a result of downturns in the international price of oil and gas and other </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">factors and </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">circumstances affecting the oil and gas industry</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We are a global steel pipe manufacturer with a strong focus on manufacturing products and </span><span style="font-size: 10pt; line-height: inherit;">providing </span><span style="font-size: 10pt; line-height: inherit;">related services for the oil and gas industry. The oil and gas industry is a major consumer of steel pipe products worldwide, particularly for products manufactured under high quality standards and demanding specifications. Demand for steel pipe products from the oil and gas industry has historically been volatile and depends primarily upon the number of oil and natural gas wells being drilled, completed and reworked, and the depth and drilling conditions of these wells. The level of exploration, development and production activities of, and the corresponding capital spending by, oil and gas companies, including national oil companies, depends primarily on current and expected future prices of oil and natural gas and is sensitive to the industry&#8217;s view of future economic growth and the resulting impact on demand for oil and natural gas. Several factors, such as the supply and demand for oil and gas, </span><span style="font-size: 10pt; line-height: inherit;">the </span><span style="font-size: 10pt; line-height: inherit;">development and availability of </span><span style="font-size: 10pt; line-height: inherit;">new drilling technology</span><span style="font-size: 10pt; line-height: inherit;">, political and global economic conditions, and government regulations,</span><span style="font-size: 10pt; line-height: inherit;"> affect these prices. </span><span style="font-size: 10pt; line-height: inherit;">F</span><span style="font-size: 10pt; line-height: inherit;">or example, </span><span style="font-size: 10pt; line-height: inherit;">drilling technology </span><span style="font-size: 10pt; line-height: inherit;">has </span><span style="font-size: 10pt; line-height: inherit;">allow</span><span style="font-size: 10pt; line-height: inherit;">ed</span><span style="font-size: 10pt; line-height: inherit;">producers in the United States and Canada to increase production from their reserves of tight oil and shale gas in response to changes in market conditions</span><span style="font-size: 10pt; line-height: inherit;"> more rapidly than in the past</span><span style="font-size: 10pt; line-height: inherit;">. </span><span style="font-size: 10pt; line-height: inherit;">In addition, g</span><span style="font-size: 10pt; line-height: inherit;">overnment initiatives to reduce</span><span style="font-size: 10pt; line-height: inherit;">GHG emissions</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;">such as </span><span style="font-size: 10pt; line-height: inherit;">the introduction of a carbon tax</span><span style="font-size: 10pt; line-height: inherit;"> or carbon-pricing systems (such as the EU Carbon Border Adjustment Mechanism), the adopt</span><span style="font-size: 10pt; line-height: inherit;">ion of &#8220;cap-and-trade&#8221; systems </span><span style="font-size: 10pt; line-height: inherit;">(</span><span style="font-size: 10pt; line-height: inherit;">such as the EU Emissions Trading System </span><span style="font-size: 10pt; line-height: inherit;">(</span><span style="font-size: 10pt; line-height: inherit;">&#8220;ETS&#8221;</span><span style="font-size: 10pt; line-height: inherit;">)</span><span style="font-size: 10pt; line-height: inherit;">)</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">or other measures to promote the use of renewable energy sources</span><span style="font-size: 10pt; line-height: inherit;"> or</span><span style="font-size: 10pt; line-height: inherit;">, electric vehicles,</span><span style="font-size: 10pt; line-height: inherit;"> could also affect oil and gas prices</span><span style="font-size: 10pt; line-height: inherit;">. </span><span style="font-size: 10pt; line-height: inherit;">When the price of oil and gas falls, oil and gas companies generally reduce spending on production and exploration activities and, accordingly, make fewer purchases of steel pipe products. Major oil-and gas-producing nations and companies have frequently collaborated to balance the supply (and thus the price) of oil in the international markets. A major vehicle for this collaboration has been </span><span style="font-size: 10pt; line-height: inherit;">the Organization of </span><span style="font-size: 10pt; line-height: inherit;">Petroleum Exporting Countries (&#8220;OPEC&#8221;</span><span style="font-size: 10pt; line-height: inherit;">) and many of our customers are state-owned companies in member countries of OPEC, which </span><span style="font-size: 10pt; line-height: inherit;">plays</span><span style="font-size: 10pt; line-height: inherit;"> a significant role in trying to counter falling prices</span><span style="font-size: 10pt; line-height: inherit;">, as was the case</span><span style="font-size: 10pt; line-height: inherit;"> in 2020</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> when the industry was hit by the effects of the COVID-19 pandemic. </span><span style="font-size: 10pt; line-height: inherit;">F</span><span style="font-size: 10pt; line-height: inherit;">or more information on risks relating to climate change regulations, see &#8220;Risks Relating to Our </span><span style="font-size: 10pt; line-height: inherit;">Business and </span><span style="font-size: 10pt; line-height: inherit;">Industry -</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">Climate change legislation and increasing regulatory requirements </span><span style="font-size: 10pt; line-height: inherit;">aimed at transitioning to a lower-carbon economy may</span><span style="font-size: 10pt; line-height: inherit;">&#160;reduce demand for our products and services and result in unexpected capital expenditures and costs, and nega</span><span style="font-size: 10pt; line-height: inherit;">tively affect our reputation</span><span style="font-size: 10pt; line-height: inherit;">&#8221;.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Climate change legislation and increasing regulatory requirements aimed at transitioning to a lower-carbon economy</span><span style="font-size: 12pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">may reduce demand for our products and services and result in unexpected capital expenditures and costs, and negatively affect our reputation</span></span><br/></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">10</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">There is an increased attention on </span><span style="font-size: 10pt; line-height: inherit;">GHG</span><span style="font-size: 10pt; line-height: inherit;"> emissions and climate change from different sectors of society. </span><span style="font-size: 10pt; line-height: inherit;">The Paris Agreement, adopted at the 2015 United Nations Climate Conference, sets out the global framework to limit the rising temperature of the planet and to strengthen the countries&#8217; ability to deal with the effects of climate change. </span><span style="font-size: 10pt; line-height: inherit;">The </span><span style="font-size: 10pt; line-height: inherit;">EU ETS </span><span style="font-size: 10pt; line-height: inherit;">signaled a major EU energy policy to combat global warming based on a &#8220;cap &amp; trade&#8221; program, and the European Green Deal, launched in 2019, focuses on adopting the required policies and measures aimed at reaching zero GHG emissions in Europe by 2050.</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">The EU taxonomy classification system, which establishes a list of environmentally sustainable economic activities, is designed to help the EU scale up sustainable investment and implement the European Green Deal.</span><span style="font-size: 10pt; line-height: inherit;"> Similarly, the U.S. Inflation Reduction Act of 2022 calls for a reduction of carbon emissions by roughly 40% by 2030.&#160;</span><span style="font-size: 10pt; line-height: inherit;">Other countries are introducing or considering similar measures or regulations which would lower emissions.</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">If there is no meaningful progress in lowering emissions in the years ahead, there is an increased likelihood of abrupt policy interventions as governments attempt to meet their environmental goals by adopting policy, legal, technology and market changes in the transition to a low-carbon global economy. We provide products and services to the oil and gas industry, which accounts, directly and indirectly, for a significant portion of GHG emissions. Existing and future legislation and regulations related to GHG emissions (such as increased pricing of GHG emissions and enhanced emissions-reporting obligations) and climate change, as well as government initiatives to promote the use of alternative energy sources and substitute existing products and services with lower emissions options (with many jurisdictions implementing tax advantages and other subsidies to promote the development of renewable energy sources, or even requiring minimum thresholds for power generation from renewable sources) may significantly curtail demand for and production of fossil fuels, such as oil and natural gas. These initiatives, together with the growing social awareness regarding climate change and other environmental matters, have</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">resulted in increased investor and consumer demand for renewable energy and</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">additional compliance requirements for fossil energy projects, which are likely to become more stringent over time and to result in substantial increases in costs for the oil and natural gas industry, potentially leading to write-offs and early retirement of existing assets. Furthermore, ongoing technological developments in the renewable energy industry are making renewable energy increasingly competitive with fossil-fuels. If this trend continues, energy demand could shift increasingly towards </span><span style="font-size: 10pt; line-height: inherit;">more </span><span style="font-size: 10pt; line-height: inherit;">environmentally sustainable sources such as hydroelectrical, solar, wind and other renewable energies, which would, in turn, reduce demand for oil and natural gas, thus negatively affecting demand for our products and services and, ultimately, our future results of operations. In addition, adoption of new climate change legislation in the countries in which Tenaris operates could result in incremental operating costs (such as incremental compliance costs and increased insurance premiums) and unexpected capital expenditures and, eventually, affect our competitiveness</span><span style="font-size: 10pt; line-height: inherit;"> and reduce our market share. Also</span><span style="font-size: 10pt; line-height: inherit;">, shifts in customer preferences and failure to respond to shareholders&#8217; demand for climate-related measures and environmental standards could harm our reputation, adversely affect the ability or willingness of our customers or suppliers to do business with us, negatively impact workforce management and planning, erode stakeholder support and restrict or reduce access to financial resources. <span style="font-size: 10pt; font-family: 'times new roman', times;">For more information on Tenaris&#8217;s climate change initiatives, please see &#8220;Operating and Financial Review and Prospects &#8211; Overview &#8211; Climate Change&#8221;. </span></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The physical risks resulting from climate change, including extreme weather conditions and shifts in weather patterns, ha</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ve</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> in the past and may in the future adversely affect our operations and financial results</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our business has been, and in the future could be, affected by severe weather in areas where we operate, which could materially affect our operations and financial results. Extreme weather conditions </span><span style="font-size: 10pt; line-height: inherit;">and natural disasters </span><span style="font-size: 10pt; line-height: inherit;">such as hurricanes</span><span style="font-size: 10pt; line-height: inherit;">, f</span><span style="font-size: 10pt; line-height: inherit;">looding</span><span style="font-size: 10pt; line-height: inherit;"> or coastal storm surges </span><span style="font-size: 10pt; line-height: inherit;">have in the past resulted in, and may in the future result in, the shutdown of our facilities, evacuation of our employees or activity disruptions at our client</span><span style="font-size: 10pt; line-height: inherit;">&#8217;</span><span style="font-size: 10pt; line-height: inherit;">s well-sites or in our supply chain. </span><span style="font-size: 10pt; line-height: inherit;">For example, </span><span style="font-size: 10pt; line-height: inherit;">the</span><span style="font-size: 10pt; line-height: inherit;"> severe freeze in the United States and Mexico </span><span style="font-size: 10pt; line-height: inherit;">in early 2021, </span><span style="font-size: 10pt; line-height: inherit;">caused gas and power shortages in Texas, resulting in additional costs and production </span><span style="font-size: 10pt; line-height: inherit;">disruptions and </span><span style="font-size: 10pt; line-height: inherit;">losses. </span><span style="font-size: 10pt; line-height: inherit;">Additionally, chronic climate changes, such as changes in precipitation patterns</span><span style="font-size: 10pt; line-height: inherit;"> and</span><span style="font-size: 10pt; line-height: inherit;"> rising of average temperatures and sea levels may result in increased operating or capital costs due to supply shortages or damage to facilities, increased insurance premiums or reduced availability of insurance, decreases in revenue derived from lower sales, lower production capacity or negative impacts on workforce and write-offs and/or early retirement of assets, all of which could adversely affect our financial condition, results of operations and cash flows.</span><span style="font-size: 10pt; line-height: inherit;">For more information on </span><span style="font-size: 10pt; line-height: inherit;">Tenaris</span><span style="font-size: 10pt; line-height: inherit;">&#8217;</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> climate change initiatives, please see &#8220;Operating and Financial Review and Prospects &#8211; Overview &#8211; Climate Change&#8221;.</span></span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">11</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Competition in the global market for steel pipe products may cause us to lose market share and hurt our sales and profitability</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The global market for steel pipe products is highly competitive, with the primary competitive factors being price, quality, service and technology. In recent years, substantial investments have been made, especially in China but also in the United States</span><span style="font-size: 10pt; line-height: inherit;"> and the Middle East</span><span style="font-size: 10pt; line-height: inherit;">, to increase production capacity of seamless steel pipe products, and as a result there is significant excess production capacity, particularly for &#8220;commodity&#8221; or standard product grades. </span><span style="font-size: 10pt; line-height: inherit;">Production capacity </span><span style="font-size: 10pt; line-height: inherit;">o</span><span style="font-size: 10pt; line-height: inherit;">f</span><span style="font-size: 10pt; line-height: inherit;"> more specialized product grades has also increased. At the same time, the high cost and long lead times required to develop the most complex projects, particularly deepwater projects, has led to a slowdown in new developments in a context of low and more volatile oil prices. Despite our efforts to develop products and services that </span><span style="font-size: 10pt; line-height: inherit;">differentiate us from our competitors, reduced demand for steel pipe products from these complex projects means that the competitive environment is expected to remain intense in the coming years and </span><span style="font-size: 10pt; line-height: inherit;">our </span><span style="font-size: 10pt; line-height: inherit;">effective competitive differentiation will be a key success factor. In addition, there is a risk of unfairly traded steel pipe </span><span style="font-size: 10pt; line-height: inherit;">imports</span><span style="font-size: 10pt; line-height: inherit;"> in markets in which Tenaris produces and sells its products</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> and we can give no assurance with respect to the</span><span style="font-size: 10pt; line-height: inherit;"> application of antidumping duties and tariffs or the</span><span style="font-size: 10pt; line-height: inherit;"> effectiveness of </span><span style="font-size: 10pt; line-height: inherit;">any such measures</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our sales may be affected as a result of antidumping and countervailing duty proceedings or by the imposition of other import restrictions or local content requiremen</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ts</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-size: 10pt;">Because of the global nature of our operations, we export and import products from several countries and, in many jurisdictions, we supplement domestic production with imported products. We import OCTG from Argentina and Mexico to complement our significant and growing production in the United States. From time to time, local producers seek the imposition of import restrictions or the initiation of antidumping or countervailing duty proceedings. For example, in October 2021, the U.S. Department of Commerce (&#8220;DOC&#8221;) initiated antidumping duty investigations of OCTG imports from Argentina, Mexico, and Russia and countervailing duty investigations of OCTG imports from Russia and South Korea, which resulted in a determination by the International Trade Commission (&#8220;ITC&#8221;), issued in October 2022,&#160;that the imports under investigation caused injury to the U.S. OCTG industry, bringing the investigation phase to a conclusion. Although Tenaris and other parties have appealed the agencies&#8217; determinations from the investigation to the Court of International Trade, Tenaris is required to pay antidumping duty deposits until such time the imports are reviewed by the DOC to determine whether final duties are necessary for the specific period under review.&#160;For more information on this matter, please refer to &#8220;Consolidated Statements and Other Financial Information &#8211; Legal Proceedings&#8221;.&#160;Additionally, in June 2021, Canada initiated an antidumping investigation on OCTG from Mexico; in 2022, the Canadian International Trade Tribunal found that Mexican imports were not injuring the Canadian OCTG industry and closed the inquiry without imposing any duties. Antidumping or countervailing duty proceedings, any resulting penalties or any other form of import restriction have in the past impeded, and may in the future restrict, our access to important export markets for our products, thereby adversely impacting our sales or limiting our opportunities for growth.</span></span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition, several jurisdictions have begun to impose or expand local content requirements. For example, in recent years Saudi Arabia has implemented various measures aimed at increasing local content particularly from suppliers to state-owned companies such as Saudi Arabian Oil Company (&#8220;Saudi Aramco&#8221;) and we can expect that measures favoring the development of local production will increase as Saudi Arabia seeks to create employment opportunities for its citizens and diversify its economy away from its dependence on oil and gas production. Other countries, such as Brazil, Ecuador, Indonesia, Nigeria and the United Arab Emirates, have also put in place significant local content requirements. If countries impose or expand local content requirements or put in place regulations limiting our ability to import certain products, our competitive position could be negatively affected. Therefore, if any of these risks materialize, we may not continue to compete effectively against existing or potential producers and preserve our current shares of geographic or product markets, and increased competition may have a material impact on the pricing of our products and services, which could in turn adversely affect our revenues, profitability and financial condition.</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span></span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">12</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our sales may also be affected as a result of other international trade regulations</span><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The shipment of goods and services across international borders subjects us to extensive trade laws and regulations. Our import and export activities are governed by customs laws and regulations in each of the countries where we operate. Moreover, the European Union, the United States and other countries control the import and export of certain goods and services and impose related import and export recordkeeping and reporting obligations. </span><span style="font-size: 10pt; line-height: inherit;">Those governments have also imposed economic sanctions against certain countries, persons and other entities, such as sanctions that restrict or prohibit transactions involving Iran, Syria, Venezuela and Russia or their citizens or companies. For more information on the impact on our business of the sanctions on Russia as a result of the armed conflict in Ukraine, see &#8220;Risks Relating to Our Business</span><span style="font-size: 10pt; line-height: inherit;"> and Industry</span><span style="font-size: 10pt; line-height: inherit;"> - The Russia-Ukraine armed conflict may adversely affect our operations&#8221;. </span><span style="font-size: 10pt; line-height: inherit;">Similarly, we are subject to the U.S. anti-boycott laws. Trade laws and regulations are complex and frequently changing, and they may be enacted, amended, enforced or interpreted in a manner that could materially impact our operations. For example, in March 2018, under Section 232 of the Trade Expansion Act of 1962 (&#8220;Section 232&#8221;), the United States imposed a 25% tariff on steel articles imported from all countries, with the exemption of Canada and Mexico, as member states of the USMCA, and imports of steel tubes from Australia, Argentina, Brazil and South Korea (the latter three with specific quotas per product). The U.S. government has also granted </span><span style="font-size: 10pt; line-height: inherit;">five</span><span style="font-size: 10pt; line-height: inherit;"> successive exemptions on imports from Italy, Mexico, Romania and Argentina, of steel billets to be used at our Bay City mill, for an aggregate amount of 1,</span><span style="font-size: 10pt; line-height: inherit;">7</span><span style="font-size: 10pt; line-height: inherit;">50,000 tons. Exemptions are granted only for a one-year term and future requests might not be granted, thus adversely affecting our operations or revenues. </span><span style="font-size: 10pt; line-height: inherit;">On October 31, 2021, the U</span><span style="font-size: 10pt; line-height: inherit;">nited </span><span style="font-size: 10pt; line-height: inherit;">S</span><span style="font-size: 10pt; line-height: inherit;">tates</span><span style="font-size: 10pt; line-height: inherit;"> and the EU reached an agreement whereby Section 232 tariffs</span><span style="font-size: 10pt; line-height: inherit;"> were replaced</span><span style="font-size: 10pt; line-height: inherit;"> with tariff-rate quotas for steel melted and poured in E</span><span style="font-size: 10pt; line-height: inherit;">urope starting </span><span style="font-size: 10pt; line-height: inherit;">on </span><span style="font-size: 10pt; line-height: inherit;">January 1, 2022, </span><span style="font-size: 10pt; line-height: inherit;">and steel products imported from the EU for a period of two calendar years </span><span style="font-size: 10pt; line-height: inherit;">(</span><span style="font-size: 10pt; line-height: inherit;">i.e., until 31 </span><span style="font-size: 10pt; line-height: inherit;">December 2023</span><span style="font-size: 10pt; line-height: inherit;">) </span><span style="font-size: 10pt; line-height: inherit;">without the need to reapply. </span><span style="font-size: 10pt; line-height: inherit;">T</span><span style="font-size: 10pt; line-height: inherit;">his agreement </span><span style="font-size: 10pt; line-height: inherit;">allows Tenaris</span><span style="font-size: 10pt; line-height: inherit;"> to import</span><span style="font-size: 10pt; line-height: inherit;">, through December 31, 2023, up to</span><span style="font-size: 10pt; line-height: inherit;"> 299,376 tons of billets from Italy and Romania without paying the 25% </span><span style="font-size: 10pt; line-height: inherit;">annual </span><span style="font-size: 10pt; line-height: inherit;">tariff. </span><span style="font-size: 10pt; line-height: inherit;">Failure to comply with applicable trade regulations could also result in criminal and civil penalties and sanctions.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Increases in the cost of raw materials, energy and other costs, limitations or disruptions to the supply of raw materials and energy, and price mismatches between raw materials and our products may hurt our profitability</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The manufacture of seamless steel pipe products requires substantial amounts of steelmaking raw materials and energy; welded steel pipe products, in turn, are processed from steel coils and plates. The availability and pricing of a significant portion of the raw materials and energy we require are subject to supply and demand conditions, which can be volatile, and to tariffs and other government regulations, which can affect continuity of supply and prices. In addition, disruptions, restrictions or limited availability of energy resources in markets where we have significant operations could lead to higher costs of production and eventually to production cutbacks at our facilities in such markets. </span><span style="font-size: 10pt; line-height: inherit;">For example, </span><span style="font-size: 10pt; line-height: inherit;">in early 2021 we</span><span style="font-size: 10pt; line-height: inherit;"> suffered gas and power shortages in Texas caused by a severe freeze affecting the United States and Mexico, which resulted in additional costs and production losses. </span><span style="font-size: 10pt; line-height: inherit;">At any given time, we may be unable to obtain an adequate supply of critical raw materials with price and other terms acceptable to us. The availability and prices of raw materials may also be negatively affected by new laws and regulations, including import controls, </span><span style="font-size: 10pt; line-height: inherit;">sanctions and other trade restrictions, </span><span style="font-size: 10pt; line-height: inherit;">allocation by suppliers, interruptions in production, accidents or natural disasters,</span><span style="font-size: 10pt; line-height: inherit;">armed conflicts, </span><span style="font-size: 10pt; line-height: inherit;">chronic climate change,</span><span style="font-size: 10pt; line-height: inherit;"> changes in exchange rates, worldwide price fluctuations, and the availability and cost of transportation. </span><span style="font-size: 10pt; line-height: inherit;">For further information related to the impact on our business of the armed conflict in Ukraine</span><span style="font-size: 10pt; line-height: inherit;"> see &#8220;Risks Relating to Our Business and Industry - The Russia-Ukraine armed conflict may adversely affect our operations&#8221;. </span><span style="font-size: 10pt; line-height: inherit;">Raw material prices could also be affected by the introduction of carbon prices or taxes</span><span style="font-size: 10pt; line-height: inherit;">, or as a result of</span><span style="font-size: 10pt; line-height: inherit;"> changes in production processes</span><span style="font-size: 10pt; line-height: inherit;">, such as an increased use of metal scrap, adopted by</span><span style="font-size: 10pt; line-height: inherit;"> steelmaking companies</span><span style="font-size: 10pt; line-height: inherit;"> seeking to reduce </span><span style="font-size: 10pt; line-height: inherit;">carbon</span><span style="font-size: 10pt; line-height: inherit;">emissions. </span><span style="font-size: 10pt; line-height: inherit;">In addition, we may not be able to recover, partially or fully, increased costs of raw materials and energy through increased selling prices </span><span style="font-size: 10pt; line-height: inherit;">for</span><span style="font-size: 10pt; line-height: inherit;"> our products, or it may take an extended period of time to do so, and limited availability could force us to curtail production, which could adversely affect our sales and profitability.</span></span></p><div style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">13</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our results of ope</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">rations and financial condition</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> could be adversely affected by low levels of capacity utilization</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> or failure to retain qualified workforce</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Like other manufacturers of steel-related products, we have fixed and semi-fixed costs (e.g., labor and other operating and maintenance costs) that cannot adjust rapidly to fluctuations in product demand for several reasons, including operational constraints and regulatory restrictions. If demand for our products falls significantly, or if we are unable to operate due to, for example, governmental measures or unavailability of workforce, these costs may adversely affect our profitability and financial condition. For example, in response to the abrupt and steep downturn of the oil and gas industry resulting from the oil crisis and the COVID-19 pandemic in 2020, we were required to implement cost-containment measures and liquidity preservation initiatives, including reduction of our operating activities in several jurisdictions, temporary closure of facilities in the United States and review of our capital expenditure plans. Temporary suspensions of operations or closure of facilities generally lead to layoffs of employees, as was our case during the oil crisis and the COVID-19 pandemic, which may in turn give rise to labor conflicts and impact operations. Cost containment measures may also affect profitability and result in charges for asset impairments. In addition, in times of economic growth and high demand for our products we may not be able to retain qualified workforce or hire additional employees soon enough. Moreover, certain consequences of climate change, such as shifts in customer preferences, stigmatization of our industry or failure to respond to shareholder demands for climate-related measures could negatively impact workforce management and planning, adversely affecting employee attraction and retention. For example, during the post-pandemic recovery period, when we brought production at our Bay City mill to full capacity, we faced some difficulties in hiring qualified workforce. For more information, see &#8220;History and Development of the Company &#8211; Sales and Marketing&#8221;.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Adverse economic or political conditions in the countries where we operate or sell our products and services may decrease our sales or disrupt our manufacturing operations, thereby adversely affecting our revenues, profitability and financial condition</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We have significant operations in various countries, including Argentina, Brazil, Canada, China, Colombia, Indonesia, Italy, Mexico, Nigeria, Romania, Saudi Arabia and the United States, and we sell our products and services throughout the world. Therefore, like other companies with worldwide operations, our business and operations have been, and could in the future be, affected from time to time to varying degrees by political, economic, social and public health developments and changes in laws and regulations. These developments and changes may include, among others, nationalization, expropriation or forced divestiture of assets; restrictions on production, imports and exports; antidumping or countervailing duties; travel, transportation or trade bans; interruptions in the supply of essential energy inputs; currency exchange and/or transfer restrictions, inability or increasing difficulties to repatriate income or capital or to make contract payments; inflation; devaluation; war or other armed conflicts (including the Russia-Ukraine armed conflict and regional conflicts in the Middle East and Africa); civil unrest and local security concerns, including high incidences of crime and violence involving drug trafficking organizations that threaten the safe operation of our facilities and operations; direct and indirect price controls; tax increases and changes (including retroactive) in the interpretation, application or enforcement of tax laws and other claims or challenges; cancellation of contract or property rights; and delays or denials of governmental approvals. Both the likelihood of such occurrences and their overall impact upon us vary greatly from country to country and are not predictable. Realization of these risks could have an adverse impact on the results of operations and financial condition of our subsidiaries located in the affected country and, depending on their materiality, on the results of operations and financial condition of Tenaris as a whole. For example, in March 2022, we recorded an impairment in the amount of approximately $14.9 million, fully impairing our investment in a joint venture in Russia that we had established with PAO Severstal (&#8220;Severstal&#8221;) as a result of the designation of Severstal&#8217;s controlling shareholder as a person subject to EU and UK sanctions. For more information on the impact on our business of the armed conflict in Ukraine, see &#8220;Risks Relating to our Business and Industry &#8211; The Russia-Ukraine armed conflict may adversely affect our operations&#8221;.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">More specifically, </span><span style="font-size: 10pt; line-height: inherit;">Argentina and Mexico are countries in which we have significant operations <span style="font-size: 10pt; font-family: 'times new roman', times;">and relevant risks.</span>&#160;</span></span></p><div style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">14</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our busin</span><span style="font-size: 10pt; line-height: inherit;">ess and operations in Argentina</span><span style="font-size: 10pt; line-height: inherit;"> may be materially and adversely affected by economic, political, social, fiscal and regulatory developments, including the following:</span></span></p><p style="margin: 0pt 0pt 10pt 35.5pt; text-indent: -17.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit; margin-left: 19px;">Macroeconomic and political conditions in Argentina may adversely affect our business and operations. Increased state intervention in the stagnant economy, along with the introduction of changes to government policies, including measures aimed at ensuring the sustainability of sovereign debt (including debt with the International Monetary Fund and other international creditors);</span><span style="font-size: 10pt; line-height: inherit;">high and unpredictable inflation rates and a high fiscal deficit in a highly indebted economy, coupled with other government measures affecting investors&#8217; confidence, could cause a drop in demand for our products in the domestic market, adversely </span><span style="font-size: 10pt; line-height: inherit;">a</span><span style="font-size: 10pt; line-height: inherit;">ffecting our operations and financial results. Similarly, they could also negatively impact the business and operations of our </span><span style="font-size: 10pt; line-height: inherit;">customers (</span><span style="font-size: 10pt; line-height: inherit;">oil and gas companies operating in Argentina</span><span style="font-size: 10pt; line-height: inherit;">)</span><span style="font-size: 10pt; line-height: inherit;"> and consequently our revenues and profitability.</span></span></p><p style="margin: 0pt 0pt 10pt 35.5pt; text-indent: -17.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit; margin-left: 19px;">Our business and operations in Argentina may be adversely affected by high inflation rates or by the measures that may be adopted by the government to address inflation. In particular, increases in services and labor costs could affect cost-competitiveness and margins, negatively impacting our results of operations. An economic environment highly characterized by inflation could undermine Argentina&#8217;s foreign competitiveness in international markets and negatively affect economic activity and employment levels. Argentine inflation rate volatility makes it impossible to estimate with reasonable certainty the extent to which our activity levels and results of operations could be affected in the future. In addition, an increased level of labor demands in response to spiraling inflation could trigger higher levels of labor conflicts, and eventually result in strikes or work stoppages. Any such disruption of operations could have an adverse effect on our operations and financial results.</span></span></p><p style="margin: 0pt 0pt 10pt 35.5pt; text-indent: -17.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit; margin-left: 19px;">Other events that may have an adverse effect on our operations and financial results include increased taxes, currency devaluation, exchange controls, restrictions on capital flows and export and import taxes or restrictions. The Argentine Central Bank has tightened its control on transactions that would represent capital inflows or outflows, forcing Argentine companies to repatriate export proceeds and limiting their ability to transfer funds outside of Argentina. Argentine companies are required to repatriate export proceeds from sales of goods and services (including U.S. dollars obtained through advance payment and pre-financing facilities) and convert such proceeds into Argentine pesos at the official exchange rate. In turn, Argentine companies must obtain prior Central Bank authorization, which is rarely (if ever) granted, to access the foreign exchange market to pay for imports of services from related parties or to make dividend or royalty payments. The Argentine government limits the import of goods and services by controlling access to the foreign exchange market. In accordance with the current goods and services import control system, in place since November 1, 2022, the Argentine authorities may, or may not, clear certain import payments and determine the payment terms. If control systems are maintained or are further tightened, our operations could be adversely affected. As the context of volatility and uncertainty remains in place as of the date of this annual report, additional regulations or restrictions that could be imposed by the Argentine government could further restrict our ability to access the official foreign exchange market, and expose us to the risk of losses arising from fluctuations in the ARS/USD exchange rate, or cause disruptions to our operations due to lack of imported raw materials and other inputs, or affect our ability to finance and even carry out major investments in Argentina, or impair our ability to convert and transfer outside the country funds generated by Argentine subsidiaries to pay dividends or royalties or make other offshore payments. For additional information on current Argentine exchange controls and restrictions see &#8220;Additional Information &#8211; Exchange Controls &#8211; Argentina&#8221; and note 28 &#8220;Foreign exchange control measures in Argentina&#8221; of our audited consolidated financial statements included in this annual report.</span></span></p><p style="margin: 0pt 0pt 10pt 35.5pt; text-indent: -17.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit; margin-left: 19px;">In recent years, our operations in Argentina experienced constraints in their electricity and natural gas supply requirements on many occasions. Shortages of energy and natural gas in Argentina have led in the past (and could lead in the future) to production cutbacks negatively affecting our revenues and profitability; we could also face increased costs when using</span><span style="font-size: 10pt; line-height: inherit;"> alternative sources of energy.</span></span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">15</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Mexico, our business could be materially and adversely affected by economic, political, social, fiscal and regulatory developments, including the fo</span><span style="font-size: 10pt; line-height: inherit;">llowing:</span></span></p><p style="margin: 0pt 0pt 10pt 35.5pt; text-indent: -17.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit; margin-left: 19px;">The Mexican government exercises significant influence over the Mexican economy and, therefore, governmental actions concerning the economy and state-owned enterprises could have a significant impact on Mexico&#8217;s private sector and on our Mexican-related operations. </span></span></p><p style="margin: 0pt 0pt 10pt 35.5pt; text-indent: -17.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 11pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit; margin-left: 19px;">We have a significant credit exposure to Petr&#243;leos Mexicanos S.A. de C.V. (&#8220;Pemex&#8221;), a Mexican state-owned entity and our main customer in Mexico. Starting in 2019 and through 2020, we built a hefty balance of accounts receivable with Pemex and we opted to sell some of our Pemex receivables with a discount; our exposure to Pemex remained high during 2022 and early 2023. Pemex, nevertheless, continues to maintain a regular payment flow and enabling alternative payment methods, including factoring structures. If we are not able to reduce our exposure to Pemex and Pemex defaults on its payments, our revenues and profitability would be adversely affected.</span></span></p><p style="margin: 0pt 0pt 10pt 35.5pt; text-indent: -17.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit; margin-left: 19px;">Our Mexican operations could also be affected by criminal violence, primarily due to the activities of drug cartels and related organized crime that Mexico has experienced and may continue to experience. The city of Veracruz, where our facility is located, has experienced several incidents of violence. Although the Mexican government has implemented various security measures and has strengthened its military and police forces, drug-related crime continues to exist in Mexico. Our business may be materially and adversely affected by these activities, their possible escalation and the violence associated with them.</span></span></p><p style="margin: 0pt 0pt 10pt 35.5pt; text-indent: -17.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit; margin-left: 19px;">In the last few years, the Mexican government made various attempts to modify rules and regulations governing the energy market in Mexico with potential impact on energy supply and its cost. In March 2021, the Mexican Congress approved a significant reform to the energy market in Mexico. Among other changes, the new Energy Industry Law (&#8220;LIE&#8221;) grants priority to Mexico&#8217;s state-owned electric power generation and distribution company (&#8220;CFE&#8221;) over private generation competitors in the supply of electric power to the Mexican market and mandates a revision of power generation and transaction agreements between CFE and independent electric power suppliers. In addition, the LIE eliminates mandatory power supply auctions for energy supplies requiring the use of CFE&#8217;s distribution network, relaxes the requirements for the granting of clean energy certificates in favor of CFE, and imposes serious restrictions on the renewable energy generation system through self-supply, widely used by private companies. The constitutionality of the new LIE was challenged in court, but on April 7, 2022, the Mexican Supreme Court of Justice rejected the request in a very tight decision. After the Supreme Court's decision, several participants continued seeking injunctive reliefs against the LIE on a case-by-case basis. In addition, in September 2021, President Andr&#233;s Manuel L&#243;pez Obrador submitted to Congress a constitutional reform proposal of the electricity sector, which seeks to reverse the legal framework derived from the 2013 constitutional energy reform that opened the sector to private investment. On April 18, 2022, the Mexican Congress rejected the constitutional reform proposal of the electricity sector, as the ruling party failed to obtain the required two-third affirmative vote. More recently, on June 14, 2022, the Mexican Secretary of Energy (&#8220;SENER&#8221;) instructed two decentralized bodies, the Centro Nacional de Control del Gas Natural (&#8220;CENAGAS&#8221;), which regulates the natural gas storage and transportation system, and the Energy Regulation Commission (&#8220;CRE&#8221;), to adopt certain measures that would have put pressure on CENAGAS&#8217; customers to buy imported natural gas from CFE, Pemex or other state-controlled providers, to the detriment of private suppliers. If adopted, those measures would have affected the purchase of energy for certain natural gas injection points in the U.S.-Mexican border. Tubos de Acero de M&#233;xico S.A. (&#8220;Tamsa&#8221;) challenged this initiative in court and obtained injunctive relief against the application of those measures. In January 2023, the Mexican Supreme Court of Justice confirmed the general suspension of SENER&#8217;s resolution until a final decision is made on the lawfulness of the government&#8217;s measures. Uncertainty remains as to whether the Mexican government or any of its decentralized bodies will seek any new reform of the energy market rules and regulations or adopt any measure that may negatively affect the energy supply or increase its cost. Any such new amendment or measures could negatively affect the operations of Tamsa and/or Techgen S.A. de C.V. (&#8220;Techgen&#8221;), the power plant in which Tenaris holds a 22% equity interest and which supplies electricity for most of our Mexican operations and, consequently, on the results of operations and financial conditions of our businesses in Mexico.</span></span></p><p style="margin: 0pt 0pt 10pt 35.5pt; text-indent: -17.5pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit; margin-left: 19px;">In the past, our operations in Mexico were disrupted due to union-led stoppages resulting from an internal dispute within the local union. Although our Mexican operations have not experienced any further disruptions caused by employee stoppages since 2020, we cannot assure that further disruptions will not occur in the future. Any future stoppage, strike, disruption of operations or new collective bargaining agreements could result in lost sales and could increase our costs, thereby affecting our results of operations.</span></span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">16</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The Russia-Ukraine armed conflict may adversely affect our operations</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">On February 24, 2022, Russia launched a military </span><span style="font-size: 10pt; line-height: inherit;">attack on</span><span style="font-size: 10pt; line-height: inherit;"> Ukraine. In response, the United States, the European Union and the United Kingdom, among other countries, have imposed a wave of sanctions against certain Russian institutions, companies and citizens. </span><span style="font-size: 10pt; line-height: inherit;">The Russian Government</span><span style="font-size: 10pt; line-height: inherit;"> has retaliated by banning airlines from its airspace and has ordered economic counter measures, including restrictions on residents transferring foreign currency abroad. Russia is a major supplier of oil and gas in Europe and worldwide, and Russia and Ukraine are both major global suppliers of internationally traded steelmaking raw material</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> and semi-finished steel products. As a result of the armed conflict and related sanctions, energy and commodity prices have spiked upwards and foreign trade transactions involving Russian and Ukrainian counterparties have been severely affected. Although it is hard to predict how energy and commodity prices will behave as the conflict unfolds, higher prices and </span><span style="font-size: 10pt; line-height: inherit;">possible</span><span style="font-size: 10pt; line-height: inherit;">shortages of energy and raw materials used in our steelmaking operations (including natural gas and electric energy, particularly in Europe, steel scrap, pig iron, DRI, hot briquetted iron (&#8220;HBI&#8221;), ferroalloys, steel bars, coils and plates) would result in higher production costs and potential plant stoppages, affecting our profitability and results of operations. </span><span style="font-size: 10pt; line-height: inherit;">A</span><span style="font-size: 10pt; line-height: inherit;">s a result of the economic sanctions imposed on Russia, we or our contractors (including shipping companies) may not be able to continue purchasing products from, or making payments to, Ukrainian or Russian suppliers or counterparties; and we may not be able to promptly procure such raw materials from other suppliers, or we may be required to purchase raw materials at increased prices. </span></span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition, we have suspended any sales to Russian customers or purchases from Russian suppliers that would breach applicable sanctions, and we are exploring alternatives with respect to potential relocation or closure of our representative office in Moscow, which is currently not operative. Furthermore, in March 2022, we recorded an impairment in the amount of approximately $14.9 million, fully impairing our investment in our joint venture in Russia with Severstal.</span></span><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">If we do not successfully implement our business strategy, our ability to grow, our competitive position and our sales and profitability may suffer</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We plan to continue implementing our business strategy of </span><span style="font-size: 10pt; line-height: inherit;">consolidating our position as a leading global supplier of integrated product and service solutions to the energy and other industries and adapting to the energy transition through reducing the carbon emissions in our operations and developing and supplying products and services for low-carbon energy applications</span><span style="font-size: 10pt; line-height: inherit;">, as well as continuing to pursue strategic investment opportunities. Any of the components of our overall business strategy could cost more than anticipated (including as a result of increasing regulatory requirements aimed at transitioning to a lower-carbon economy), may not be successfully implemented or could be delayed or abandoned. For example, we may fail to create sufficient differentiation in our Rig Direct<span style="font-size: 8pt;"><sup>&#174;</sup></span> services to compensate the added costs of providing such services, or fail to find suitable investment opportunities, including acquisition targets that enable us to continue to grow and maintain or improve our competitive position. </span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Even if we successfully implement our business strategy, it may not yield the expected results, or decisions by our joint venture partners may frustrate our initiatives. For example, in November 2022, we entered into an agreement with JFE Holdings Inc. (&#8220;JFE&#8221;), our partner in NKKTubes K.K. (&#8220;NKKTubes&#8221;), to terminate our joint venture and liquidate NKKTubes. For further information on the termination of the NKKTubes joint venture, please refer to note 35 &#8220;Other relevant information - <span style="font-style: italic;">Agreement to terminate NKKTubes joint venture</span>&#8221; of our audited consolidated financial statements included in this annual report. In July 2022, we entered into an effective agreement to acquire Benteler Steel &amp; Tube Manufacturing Corporation, a U.S. producer of seamless steel pipes owned by Benteler International A.G. (&#8220;Benteler&#8221;). The agreement provided, however, that either party could unilaterally terminate the agreement if the conditions to closing had not been satisfied by January 3, 2023, and in February 2023, Benteler exercised its right to unilaterally terminate, effective immediately, the acquisition agreement and, accordingly, the transaction did not proceed. For further information, please refer to note 35 &#8220;Other relevant information - <span style="font-style: italic;">Agreement for acquisition of Benteler Steel &amp; Tube Manufacturing Corporation</span>&#8221; of our audited consolidated financial statements included in this annual report.</span></span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">17</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Future acquisitions, strategic partnerships and capital investments may not perform in accordance with expectations or may disrupt our operations and hurt our profits</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">One element of our business strategy is to identify and pursue growth-enhancing strategic opportunities. As part of that strategy, we regularly make significant capital investments and acquire interests in, or businesses of, various companies. Consistent with our growth strategy, we intend to continue considering strategic acquisitions, investments and partnerships from time to time to expand our operations and establish a local presence in our markets. We must necessarily base any assessment of potential acquisitions, joint ventures and capital investments on assumptions with respect to timing, profitability, market and customer behavior and other matters that may subsequently prove to be incorrect. For example, we negotiated the terms for our $1.0 billion acquisition of IPSCO Tubulars Inc. (&#8220;IPSCO&#8221;) in early 2019 based on assumptions made at that time, but due to the length of the antitrust review process, we were able to complete the acquisition only in 2020 under materially worse market circumstances. Furthermore, in November 2021 we reached a preliminary agreement with JFE to amicably terminate our joint venture and cease NKKTubes&#8217; operations in June 2022; management determined that the parties&#8217; decision to terminate the NKKTubes joint venture constituted an impairment indicator and accordingly conducted an impairment test, recognizing a charge of approximately $57 million, impacting NKKTubes&#8217; property, plant and equipment and intangible assets. For more information, refer to note 5 &#8220;Impairment charge&#8221;, and note 35 &#8220;Other relevant information - <span style="font-style: italic;">Agreement to terminate NKKTubes joint venture</span>&#8221;, both to our audited consolidated financial statements included in this annual report. Our past or future acquisitions, significant investments and alliances may not perform in accordance with our expectations and could adversely affect our operations and profitability. In addition, new demands on our existing organization and personnel resulting from the integration of new acquisitions could disrupt our operations and adversely affect our operations and profitability. Moreover, as part of future acquisitions, we may acquire assets that are unrelated to our business, and we may not be able to integrate these assets or sell them under favorable terms and conditions.</span></span></p><div style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">18</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0px; break-after: avoid; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Disruptions to our manufacturing processes could adversely affect our operations, customer servi</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ce levels and financial results</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our steel pipe manufacturing processes depend on the operation of critical steelmaking equipment, such as electric arc furnaces</span><span style="font-size: 10pt; line-height: inherit;"> (&#8220;EAF&#8221;)</span><span style="font-size: 10pt; line-height: inherit;">, continuous casters, rolling mills, heat treatment and various operations that support them, such as our power generation facilities. Despite the investments we make to maintain critical production equipment, such equipment may incur downtime as a result of unanticipated failures or other events, such as fires, explosions, floods,</span><span style="font-size: 10pt; line-height: inherit;"> earthquakes,</span><span style="font-size: 10pt; line-height: inherit;"> accidents</span><span style="font-size: 10pt; line-height: inherit;"> and severe weather conditions.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Similarly, natural disasters or severe weather conditions, including those related to climate</span><span style="font-size: 10pt; line-height: inherit;">change could significantly damage our production facilities and general infrastructure or affect the normal course of business. For example, our Mexican production facility located in Veracruz is located in </span><span style="font-size: 10pt; line-height: inherit;">a region prone </span><span style="font-size: 10pt; line-height: inherit;">to earthquakes, and our Bay City facility in Texas, United States is located in an area prone to strong winds and hurricanes, and occasional floods. More generally, changing weather patterns and climatic conditions in recent years have added to the unpredictability and frequency of natural disasters</span><span style="font-size: 10pt; line-height: inherit;">. </span><span style="font-size: 10pt; line-height: inherit;">For more information on the risks associated with climate-change, </span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;">ee &#8220;Risks Relating to Our </span><span style="font-size: 10pt; line-height: inherit;">Business and </span><span style="font-size: 10pt; line-height: inherit;">Industry</span><span style="font-size: 10pt; line-height: inherit;"> &#8211; </span><span style="font-size: 10pt; line-height: inherit;">The physical risks resulting from c</span><span style="font-size: 10pt; line-height: inherit;">limate change, including extreme weather conditions</span><span style="font-size: 10pt; line-height: inherit;"> and shifts in weather pattern</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;">, </span><span style="font-size: 10pt; line-height: inherit;">ha</span><span style="font-size: 10pt; line-height: inherit;">ve</span><span style="font-size: 10pt; line-height: inherit;"> in the past and may in the future adversely affect our operations and financial results&#8221;.</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our operations may also be adversely affected as a result of work stoppages or other labor conflicts. In the past, our operations in Mexico</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">were disrupted due to union-led stoppages resulting from an internal dispute within the local union. Although our Mexican operations have not experienced any further disruptions caused by employee stoppages since 2020, we cannot assure that further disruptions will not occur in the future. In addition, in some of the countries in which we have significant production facilities (e.g., Argentina and Brazil), significant inflationary pressures and higher tax burdens could increase labor demands and could eventually generate hi</span><span style="font-size: 10pt; line-height: inherit;">gher levels of labor conflicts, </span><span style="font-size: 10pt; line-height: inherit;">which may result in operational disruptions.</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition, epidemics and other public health crises may disrupt our operations. For example, in response to the COVID-19 outbreak in 2020, several countries, including countries where Tenaris has operations (such as Argentina, China, Colombia, Italy, Mexico, Saudi Arabia and the United States) took mitigation and containment measures, including bans on business activities and temporary closure of industrial facilities and, accordingly, some of our facilities or production lines were closed or shutdown during 2020.</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Some of the previously described emergency situations could result in damage to property, delays in production or shipments and, in extreme cases, death or injury to persons. Any of the foregoing could create liability for Tenaris. To the extent that lost production or delays in shipments cannot be compensated for by unaffected facilities, such events could have an adverse effect on our profitability and financial condition. Additionally, we do not carry business interruption </span><span style="font-size: 10pt; line-height: inherit;">insurance,</span><span style="font-size: 10pt; line-height: inherit;"> and </span><span style="font-size: 10pt; line-height: inherit;">the insurance we maintain for property damage and general liability may not be adequate or available to protect us under such events</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> its coverage may be limited, or the amount of our insurance may be less than the related loss. For more information on our insurance coverage see &#8220;Information on the Company &#8211; Business overview </span><span style="font-size: 10pt; line-height: inherit;">&#8211;</span><span style="font-size: 10pt; line-height: inherit;"> Insurance&#8221;</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">We may be required to record a significant charge to earnings if we must reassess our goodwill or other assets as a result of changes in assumptions underlying the carrying value of certain assets, particularly as a consequence of </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">deteriorating market conditions</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-size: 10pt;">Assets that are subject to amortization are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. 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height: 34px; vertical-align: top; text-align: left;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">In 2020, we</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; 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line-height: inherit;">&#160;</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">for approximately $357 million</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">&#160;</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">in connection with our acquisition of IPSCO in January 2020.</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; 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text-indent: 0pt; line-height: 1.2;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">In December 2021, we recorded a charge of $57 million in connection with the expected termination of the<span style="line-height: inherit;">&#160;</span></span>NKKTubes<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; 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text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">In March 2022, in light of the armed conflict in Ukraine and the designation of<span style="line-height: inherit;">&#160;</span></span>Severstal&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>controlling shareholder as a person subject to EU and UK sanctions, we recorded an impairment in the amount of approximately $14.9 million, fully impairing our investment in our joint venture in Russia with<span style="line-height: inherit;">&#160;</span></span>Severstal<span style="color: #000000; 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For more information on<span style="line-height: inherit;">&#160;</span></span>Tenaris&#8217;s<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>operations involving Russia, see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; The Russia-Ukraine armed conflict may adversely affect our operations&#8221;.</span></p></td></tr><tr style="height: 10px;"><td style="height: 10px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 10px; vertical-align: top; text-align: left;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">In September, 2022, mainly due to the lower expectations for steel demand and market steel prices, together with a worsened global macroeconomic situation that derived in an increase in discount rates, we wrote down our investment <span style="font-size: 10pt;">in Usinas Sider&#250;rgicas de Minas Gerais S.A.(&#8220;Usiminas&#8221;) by $19.1 million.</span></span></p></td></tr><tr style="height: 10px;"><td style="height: 10px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 10px; vertical-align: top; text-align: left;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">In December 2022, in the presence o<span style="font-size: 10pt; line-height: inherit;">f impairment indicators, the Company conducted impairment tests, reviewed the values of certain idle assets in its subsidiaries and recorded impairment charges of $76.7 million</span>.</span></td></tr></tbody></table><p style="line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">As of December 31, 2022, goodwill amounted to $1,085 million corresponding mainly ($920 million) to the acquisition of Hydril Company (&#8220;Hydril&#8221;) in 2007 and is allocated to Hydril, Siderca and Tamsa cash generating units (&#8220;CGU&#8221;).</span></span></p><p style="line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">For more information on impairment charges, please refer to note 5 &#8220;Impairment charge&#8221;, note 13 &#8220;Investments in non-consolidated companies&#8221; and note 35 &#8220;Other relevant information - <span style="font-style: italic;">Agreement to terminate NKKTubes joint venture</span>&#8221; to our audited consolidated financial statements included in this annual report.<br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Our results of operations and financial condition could be adversely affected by movemen</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ts in exchange rates</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">As a global company we manufacture and sell products throughout the world and a portion of our business is carried out in currencies other than the U.S. dollar, which is the Company&#8217;s functional and presentation currency. As a result, we are exposed to foreign exchange rate risk. Changes in currency values and foreign exchange regulations could adversely affect our financial condition and results of operations. For information on our foreign exchange rate risk, please see &#8220;Quantitative and Qualitative Disclosure </span><span style="font-size: 10pt; line-height: inherit;">About</span><span style="font-size: 10pt; line-height: inherit;"> Market Risk</span><span style="font-size: 10pt; line-height: inherit;"> &#8211; Foreign Exchange Rate Risk&#8221;.</span></span><a href="#TOC"></a></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-size: 10pt; line-height: inherit;">Changes in applicable tax regulations and resolutions of tax disputes could negatively affect our financial results</span></i></b><span style="font-size: 10pt; line-height: inherit;"></span></span></p><p style="margin: 0cm 0cm 10pt; break-after: avoid; font-size: 10pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">We are subject to tax laws in numerous foreign jurisdictions where we operate. The integrated nature of our worldwide operations can produce conflicting claims from revenue authorities in different countries as to the profits to be taxed in the individual countries, including disputes relating to transfer pricing. Most of the jurisdictions in which we operate have double tax treaties with foreign jurisdictions, which provide a framework for mitigating the impact of double taxation on our results. However, mechanisms developed to resolve such conflicting claims are largely untried and can be expected to be very lengthy. </span></p><p style="margin: 0cm 0cm 10pt; break-after: avoid; font-size: 10pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">In recent years, tax authorities around the world have increased their scrutiny of companies&#8217; tax filings and have become more rigid in exercising any discretion they may have. As part of this, in 2015, the Organization for Economic Co-operation and Development (&#8220;OECD&#8221;) proposed a number of tax law changes under its Base Erosion and Profit Shifting (&#8220;BEPS&#8221;) Action Plans to address issues of transparency, coherence and substance. 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This project achieved OECD political consensus in October 2021. Pillar Two is scheduled to apply starting in 2024, while detailed principles on Pillar One are still under discussion. </span></p><p style="margin: 0cm 0cm 10pt; break-after: avoid; font-size: 10pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">At the EU level, the European Commission adopted in 2016 its Anti-Tax Avoidance Directive (&#8220;ATAD&#8221;), later updated, modified and expanded by ATAD 2, which seeks to prevent tax avoidance by companies and to ensure that companies pay appropriate taxes in the markets where profits are effectively made and business is effectively performed. In addition, the European Commission drafted a directive aiming to avoid the use of shell entities (ATAD 3), which, if approved and adopted by all EU members, would become effective in 2024. Also, the European Commission adopted in December 2022 another directive to impose a global minimum taxation for multinational companies in the Union, following Pillar Two OECD&#8217;s initiative. The new directive would become effective as from 2024. </span></p><p style="margin: 0cm 0cm 10pt; line-height: 1.2; break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Changes to tax laws and regulations in the countries where we operate require us to continually assess our organizational structure and could lead to increased risk of international tax disputes.</span></span></p><p style="margin: 0cm 0cm 10pt; line-height: 1.2; break-after: avoid; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">Our interpretation and application of the tax laws could differ from that of the relevant governmental taxing authority, which could result in the payment of additional taxes, penalties or interest, negatively affecting our profitability and financial condition. Significant uncertainties remain in relation to the potential adoption of the new regulations that might result from evolving initiatives like those launched by the OECD and the EU in relation to international taxation that could impact negatively our financial condition, results of operations and cash flows.</span><b><i></i></b></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">If we do not comply with laws and regulations designed to combat corruption in countries in which we sell our products, we could become subject to governmental investigations, fines, penalties or other sanctions and </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">to</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> private lawsuits and our sales and profitability could suffer </span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We operate and conduct business globally, including in certain countries known to experience high levels of corruption. Although we are committed to conducting business in a legal and ethical manner in compliance with local and international statutory requirements and standards applicable to our business, there is a risk that our employees, representatives, associates, affiliates, or other persons may take actions that violate applicable laws and regulations that generally prohibit offering or making of improper payments to any individual, including to government officials, for the purpose of obtaining a benefit or undue advantage or keeping business, as stated by the U.S. Foreign Corrupt Practices Act (&#8220;FCPA&#8221;). Investigations by government authorities may occupy considerable management time and attention, weaken company compliance culture and result in significant expenditures, fines, penalties or other sanctions, as well as private lawsuits. For information on matters related to the Company Business Conduct Compliance Program, please refer to our website on the matter https://www.tenaris.com/en/sustainability/governance-and-ethics/.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">For example, upon learning that Brazilian, Italian and Swiss authorities were investigating whether certain payments were made prior to 2014 from accounts of entities presumably associated with affiliates of the Company to accounts allegedly linked to individuals related to Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;) and whether any such payments were intended to benefit Confab Industrial S.A. (&#8220;Confab&#8221;), the Audit Committee of the Company's board of directors engaged external counsel in connection with the Company&#8217;s review of these matters. In addition, the Company voluntarily notified the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) and the U.S. Department of Justice (&#8220;DOJ&#8221;) in October 2016. The Company conducted, with the assistance of external counsel, an internal investigation and found no evidence corroborating any involvement by the Company or its directors, officers or employees in respect of improper payments. An internal investigation commissioned by Petrobras also found no evidence that Confab obtained any unfair commercial benefit or advantage from Petrobras in return for payments, including improperly obtained contracts. On June 2, 2022, the Company resolved the investigation by the SEC and the DOJ informed that it had closed its parallel inquiry without taking action. Under the settlement with the SEC, the Company neither admits nor denies the SEC&#8217;s findings and on June 24, 2022, paid $53.1 million in disgorgement and prejudgment interest and $25 million for a civil penalty to conclude the matter.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">For information on matters related to the Petrobras-related proceedings and claims, please see &#8220;Consolidated Statements and Other Financial Information &#8211; Legal Proceedings&#8221;.<br/></span></span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">21</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; break-after: avoid; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The cost of complying with environmental regulations and potential environmental and product liabilities may increase our operating costs and negatively impact our business, financial condition, resu</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">lts of operations and prospects</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We are subject to a wide range of local,</span><span style="font-size: 10pt; line-height: inherit;"> state,</span><span style="font-size: 10pt; line-height: inherit;"> provincial and national laws, </span><span style="font-size: 10pt; line-height: inherit;">local and international </span><span style="font-size: 10pt; line-height: inherit;">regulations, permit requirements and decrees relating to the protection of human health and the environment, including laws and regulations relating to hazardous materials and radioactive materials and environmental protection governing air emissions, water discharges and waste management. Laws and regulations protecting the environment have become increasingly complex and more stringent and expensive to implement in recent years. Additionally, international environmental requirements vary. While standards in the European Union, Canada, and Japan are generally comparable to </span><span style="font-size: 10pt; line-height: inherit;">(or more stringent than) </span><span style="font-size: 10pt; line-height: inherit;">U.S. standards, other nations, particularly developing nations, including China, have substantially </span><span style="font-size: 10pt; line-height: inherit;">fewer or </span><span style="font-size: 10pt; line-height: inherit;">less</span><span style="font-size: 10pt; line-height: inherit;"> rigorous</span><span style="font-size: 10pt; line-height: inherit;"> requirements that may give competitors in such nations a competitive advantage. It is possible that any international agreement to regulate emissions may provide exemptions and lesser </span><span style="font-size: 10pt; line-height: inherit;">standards for developing nations. In such case, we may be at a competitive disadvantage relative to competitors having more or all of their product</span><span style="font-size: 10pt; line-height: inherit;">ion in such developing nations.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Environmental laws and regulations may, in some cases, impose strict liability rendering a person liable for damages to natural resources or threats to public health and safety without regard to negligence or fault. Some environmental laws provide for joint and several strict </span><span style="font-size: 10pt; line-height: inherit;">liability</span><span style="font-size: 10pt; line-height: inherit;"> for remediation of spills and releases of hazardous substances. These laws and regulations may expose us to liability for the conduct of or conditions caused by others or for acts that were in compliance with all applicable laws a</span><span style="font-size: 10pt; line-height: inherit;">t the time they were performed.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Compliance with applicable requirements and the adoption of new requirements could have a material adverse effect on our consolidated financial condition, results of operations or cash flows. The costs and ultimate impact of complying with environmental laws and regulations are not always clearly known or determinable since regulations under some of these laws have not yet been promulgated or are undergoing revision. The expenditures necessary to remain in compliance with these laws and regulations, including site or other remediation costs, or costs incurred as a result of potential violations of environmental laws could have a material adverse effect on our financial condition and profitability. While we incur and will continue to incur expenditures to comply with applicable laws and regulations, there always remains a risk that environmental incidents or accidents may occur that may negatively affect ou</span><span style="font-size: 10pt; line-height: inherit;">r reputation or our operations.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our oil and gas casing, tubing and line pipe products are sold primarily for use in oil and gas drilling, gathering, transportation, processing and power generation facilities, which are subject to inherent risks, including well failures, line pipe leaks, blowouts, bursts and fires, that could result in death, personal injury, property damage, environmental pollution or loss of production. Any of these hazards and risks can result in environmental liabilities, personal injury claims and property damage fr</span><span style="font-size: 10pt; line-height: inherit;">om the release of hydrocarbons.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Defects in specialty tubing products could result in death, personal injury, property damage, </span><span style="font-size: 10pt; line-height: inherit;">environmental</span><span style="font-size: 10pt; line-height: inherit;"> pollution, damage to equipment and fa</span><span style="font-size: 10pt; line-height: inherit;">cilities or loss of production.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We normally warrant the oilfield products and specialty tubing products we sell or distribute in accordance with customer specifications, but as we pursue our business strategy of providing customers with additional services, such as Rig Direct<span style="font-size: 8pt;"><sup>&#174;</sup></span>, we may be required to warrant that the goods we sell and services we provide are fit for their intended purpose. Actual or claimed defects in our products may give rise to claims against us for losses suffered by our customers and expose us to claims for damages. The insurance we maintain will not be available in cases of gross negligence or willful misconduct, in other cases may not be adequate or available to protect us in the event of a claim, its coverage may be limited, canceled or otherwise terminated, or the amount of our insurance may be less than the related impact on enterprise value after a loss. Similarly, our sales of tubes and components for the automotive industry subject us to potential product liability risks that could extend to being held liable for the costs of the recall of automobiles sold by car manufacturers and their distributors.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Limitations on our ability to protect our intellectual property rights, including our trade secrets, could cause a loss in revenue and an</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">y competitive advantage we hold</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Some of our products or services, and the processes we use to produce or provide them, have been granted patent protection, have patent applications pending, or are trade secrets. Our business may be adversely affected if our patents are unenforceable, the claims allowed under our patents are not sufficient to protect our technology, our patent applications are denied or our trade secrets are not adequately protected. Our competitors may be able to </span><span style="font-size: 10pt; line-height: inherit;">independently </span><span style="font-size: 10pt; line-height: inherit;">develop technology that is similar to ours without infringing on our patents or gaining access to our trade secrets, which could adversely affect our financial condition, results of operations and cash flows.</span></span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">22</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; break-after: avoid; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Cyberattacks could have a material adverse impact on our bus</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">iness and results of operations</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We rely heavily on information systems to conduct our operations and digital technologies have an increasingly significant role across our business. Although we devote significant resources to protect our systems and data and we continually monitor external developments and available information on threats and security incidents, we have experienced and will continue to experience varying degrees of cyber incidents in the normal conduct of our business, which may occasionally include sophisticated cybersecurity threats such as unauthorized access to data and systems, loss or destruction of data, computer viruses or other malicious code, phishing, spoofing and/or cyberattacks. These threats often arise from numerous sources, not all of which are within our control, such as fraud or malice from third parties, including fraud involving business email compromises, failures of computer servers or other accidental technological failures, electrical or telecommunication outages or other damage to our property or assets. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Cybersecurity threats represent one of the most significant risks for most businesses. Cyberattack attempts continued to increase throughout 2022 in the post-pandemic context, primarily due to widespread adoption of remote work practices among our employees, customers and suppliers and the increasing digitalization of work. Cybersecurity was a major topic of discussion at the World Economic Forum's annual 2023 meeting in Davos, Switzerland, where experts warned that cyberattacks are increasing in sophistication and frequency and called for a global response to cybersecurity threats. Microsoft has indicated that the manufacturing industry is the industry most exposed to ransomware attacks. For example, in 2022, we suffered seven cybersecurity attacks, none of which led to known breaches of our business-critical IT systems and, as such, did not result in any material business impact. In this context, we continue to seek to improve cybersecurity controls, processes and procedures to monitor, detect and respond to hacking, malware infection, cybersecurity compromise and other risks. In addition, we continued with cybersecurity awareness and ethical phishing campaigns aimed at protecting us against cyberthreats, and tailored cybersecurity training programs addressed to our executives and employees. In order to improve the capacity to bounce back quickly from a cyber-incident, Tenaris has also adopted cyber-resilience as part of its cybersecurity strategy.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Given the r</span><span style="font-size: 10pt; line-height: inherit;">apidly evolving nature of cyber</span><span style="font-size: 10pt; line-height: inherit;">threats, there can be no assurance that the systems we have designed to prevent or limit the effects of cyber incidents or attacks will be adequate, and such incidents or attacks could have a material adverse impact on our systems. While we attempt to mitigate these risks, we remain vulnerable to additional known or unknown threats, including theft, misplacement or loss of data, programming errors, employee errors and/or dishonest behavior that could potentially lead to the compromising of sensitive information, improper use of our systems or networks, as well as unauthorized access, use, disclosure, modification or destruction of such information, systems and/or networks. If our systems for protecting against cybersecurity risks are circumvented or breached, this could also result in disruptions to our business operations (including but not limited to, defective products, production downtimes or loss of productivity), access to our financial reporting systems, the loss of access to critical data or systems, misuse or corruption of critical data and proprietary information (including our intellectual property and customer data), as well as</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">damage to our reputation with our customers and the market, failure to meet customer requirements, customer dissatisfaction and/or</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">regulatory fines and penalties (including for inadequate protection of persona</span><span style="font-size: 10pt; line-height: inherit;">l</span><span style="font-size: 10pt; line-height: inherit;"> data and/or failure to notify the competent authorities for such breach)</span><span style="font-size: 10pt; line-height: inherit;">, damages and harm to the environment and people,</span><span style="font-size: 10pt; line-height: inherit;"> or</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">other financial costs and losses. In addition, given that cybersecurity threats continue to evolve, we will be required to devote additional resources in the future to enhance our protective measures or to investigate and/or remediate </span><span style="font-size: 10pt; line-height: inherit;">any </span><span style="font-size: 10pt; line-height: inherit;">cybersec</span><span style="font-size: 10pt; line-height: inherit;">urity </span><span style="font-size: 10pt; line-height: inherit;">v</span><span style="font-size: 10pt; line-height: inherit;">ulnerabilities.</span><span style="font-size: 10pt; line-height: inherit;">Additionally, although we have considered contract insurance coverage </span><span style="font-size: 10pt; line-height: inherit;">options </span><span style="font-size: 10pt; line-height: inherit;">for cyber risk, we do not currently maintain cybersecurity insurance, and the insurance we carry for</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">property damage and general liability may not be adequate or available to protect us from damages derived from cyber</span><span style="font-size: 10pt; line-height: inherit;">threats</span><span style="font-size: 10pt; line-height: inherit;"> or</span><span style="font-size: 10pt; line-height: inherit;"> coverage may be limited.</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">Moreover, any investigation of a cyberattack would take time before completion, during which we would not necessarily know the extent of the actual or potential harm or how best to remediate it, and certain errors or actions could be repeated or compounded before duly discovered and remediated (all or any of which could further increase the costs and consequences arising out of such cyberattack).</span><span style="font-size: 10pt; line-height: inherit;">In addition, failure to adequately and timely monitor our hardware and software systems and applications to prevent or manage technology obsolescence risks may result in increased costs, increased operational risk of service failure, loss of technology competitiveness and reputational risk.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Risks Relating to the Structure of the Company </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The Company&#8217;s dividend payments depend on the results of operations and financial condition of its subsidiaries and could be </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">restric</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ted by legal, contractual or o</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ther limitations or tax changes</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company is a holding company and conducts all its operations through subsidiaries. Dividends or other intercompany transfers of funds from those subsidiaries are the Company&#8217;s primary source of funds to pay its expenses, debt service and dividends and to repurchase shares or ADSs.</span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">23</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The ability of the Company&#8217;s subsidiaries to pay dividends and make other payments to us will depend on their results of operations and financial condition. If earnings and cash flows of the Company&#8217;s operating subsidiaries are substantially reduced, the Company may not be in a position to meet its operational needs or to pay dividends. In addition, such dividends and other payments could be restricted by applicable corporate and other laws and regulations, including those imposing foreign exchange controls or restrictions on the repatriation of capital or the making of dividend payments, and agreements and c</span><span style="font-size: 10pt; line-height: inherit;">ommitments of such subsidiaries</span><span style="font-size: 10pt; line-height: inherit;">. For information concerning potential restrictions on our ability to collect dividends from certain subsidiaries, see &#8220;Risks Relating to Our Business and Industry &#8211; Adverse economic or political conditions in the countries where we operate or sell our products and services may decrease our sales or disrupt our manufacturing operations, thereby adversely affecting our revenues, </span><span style="font-size: 10pt; line-height: inherit;">profitability and financial condition&#8221; and</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">&#8220;Financial Information &#8211; Consolidated Statements and Other Financial Information &#8211; Dividend Policy&#8221;.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The Company&#8217;s ability to pay dividends to shareholders is subject to legal and other requirements and restrictions in effect at the holding company level. For example, the Company may only pay dividends out of net profits, retained earnings and distributable reserves and premiums, each as defined and calculated in accordance with Luxembourg law and regulations. </span><span style="font-size: 10pt; line-height: inherit;">In addition, the Company&#8217;s dividend distributions (which are currently imputed to a special tax reserve and are therefore not subject to Luxembourg withholding tax) may be subject to Luxembourg withholding tax if current Luxembourg tax law were to change.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">The Company&#8217;s controlling shareholder may be able to take actions that do not reflect the will or best </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">interests of other shareholders</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">As of the date of this annual report, San Faustin beneficially owned 60.45% of our outstanding voting shares. Rocca</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">&amp; Partners Stichting Administratiekantoor Aandelen San Faustin (&#8220;RP STAK&#8221;</span><span style="font-size: 10pt; line-height: inherit;">),</span><span style="font-size: 10pt; line-height: inherit;"> holds voting rights in San Faustin sufficient to control San Faustin. As a result, RP STAK is indirectly able to elect a substantial majority of the members of the Company&#8217;s board of directors and has the power to determine the outcome of most actions requiring shareholder approval, including, subject to the requirements of Luxembourg law, the payment of dividends. The decisions of the controlling shareholder may not reflect the will </span><span style="font-size: 10pt; line-height: inherit;">or best interest </span><span style="font-size: 10pt; line-height: inherit;">of other shareholders. In addition, the Company&#8217;s articles of association permit the Company&#8217;s board of directors to waive, limit or suppress preemptive rights in certain cases. Accordingly, the Company&#8217;s controlling shareholder may cause its board of directors to approve in certain cases an issuance of shares for consideration without preemptive rights, thereby diluting the minority interest in the Company. See &#8220;Risks Relating to shares and ADSs &#8211; Holders of shares and ADSs in the United States may not be able to exercise preemptive rights in certain cases&#8221;. </span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Risks </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Relating</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"> to shares and ADSs </span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Holders of shares or ADSs may not have access to as much information about </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">the Company</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> as they would in the case of a </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">U.S. </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">domestic issuer</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">There may be less publicly available information about </span><span style="font-size: 10pt; line-height: inherit;">the Company</span><span style="font-size: 10pt; line-height: inherit;"> than is regularly published by or about </span><span style="font-size: 10pt; line-height: inherit;">U.S. </span><span style="font-size: 10pt; line-height: inherit;">domestic issuers. Also, corporate and securities regulations governing Luxembourg companies may not be as extensive as those in effect in other jurisdictions and U.S. securities regulations applicable to foreign private issuers, such as the Company, differ in certain respects from those applicable to U.S. domestic issuers. Furthermore, IFRS, the accounting standards in accordance with which </span><span style="font-size: 10pt; line-height: inherit;">the Company</span><span style="font-size: 10pt; line-height: inherit;"> prepare</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;">its</span><span style="font-size: 10pt; line-height: inherit;"> consolidated financial statements, differ in certain material aspects from U.S. GAAP.</span><span style="font-size: 10pt; line-height: inherit;"> For a summary of the significant ways in which the Company&#8217;s corporate governance practices differ from the corporate governance standards required for domestic companies by the </span><span style="font-size: 10pt; line-height: inherit;">New York Stock Exchange (&#8220;</span><span style="font-size: 10pt; line-height: inherit;">NYSE</span><span style="font-size: 10pt; line-height: inherit;">&#8221;)</span><span style="font-size: 10pt; line-height: inherit;">, see</span><span style="font-size: 10pt; line-height: inherit;"> &#8220;Corporate Governance Statement <span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">&#8211; Summary of differences with NYSE standards&#8221;.</span></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Holders of ADSs may not be able to exercise, or may encounter difficulties in the exercise of, certain rights afforded to shareholders</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Certain shareholders&#8217; rights under Luxembourg law, including the rights to participate and vote at general meetings of shareholders, to include items on the agenda for the general meetings of shareholders, to receive dividends and distributions, to bring actions, to examine our books and records and to exercise appraisal rights may not be available to holders of ADSs, or may be subject to restrictions and special procedures for their exercise, as holders of ADSs only have those rights that are expressly granted to them in the deposit agreement. Deutsche Bank Trust Company Americas, as depositary under the ADS deposit agreement, or the Depositary, through its custodian agent, is the registered shareholder of the deposited shares underlying the ADSs, and therefore only the Depositary can exercise the shareholders&#8217; rights in connection with the deposited shares. For example, if </span><span style="font-size: 10pt; line-height: inherit;">the Company</span><span style="font-size: 10pt; line-height: inherit;"> make</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> a distribution in the form of securities, the Depositary is allowed, at its discretion, to sell the right to acquire those securities on your behalf and </span><span style="font-size: 10pt; line-height: inherit;">to </span><span style="font-size: 10pt; line-height: inherit;">instead distribute the net proceeds to you. Also, under certain circumstances, such as </span><span style="font-size: 10pt; line-height: inherit;">the Company&#8217;s</span><span style="font-size: 10pt; line-height: inherit;"> failure to provide the Depositary with voting</span><span style="font-size: 10pt; line-height: inherit;"> materials</span><span style="font-size: 10pt; line-height: inherit;"> on a timely basis, you may not be able to vote at general meetings of shareholders by giving instructions to the Depositary. If the Depositary does not receive voting instructions from the holder of ADSs by the prescribed deadline, or the instructions are not in proper form, then the Depositary shall deem such holder of ADSs to have instructed the Depositary to vote the underlying shares represented by ADSs in favor of any proposals or recommendations of the Company (including any recommendation by the Company to vote such underlying shares on any given issue in accordance with the majority shareholder vote on that issue), for which purposes the Depositary shall issue a proxy to a person appointed by the Company to vote such underlying shares represented by ADSs in favor of any proposals or recommendations of the Company. Under the ADS deposit </span><span style="font-size: 10pt; line-height: inherit;">agreement, no instruction shall be deemed given and no proxy shall be given with respect to any matter as to which the Company informs the Depositary that (i)</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">it does not wish such proxy given, (ii)</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">it has knowledge that substantial opposition exists with respect to the action to be taken at the meeting, or (iii)</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">the matter materially and adversely affects the rights of the holders of ADSs.</span></span></p><div style="line-height: 1.2; margin: 0pt 0pt 0pt; text-indent: 0pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">24</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; break-after: avoid; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Holders of shares and ADSs in the United States may not be able to exercise preemptive rights in certain cases</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Pursuant to Luxembourg corporate law, existing shareholders of the Company are generally entitled to preferential subscription rights (preemptive rights) in the event of capital increases and issues of shares against cash contributions. Under the Company&#8217;s articles of association, the board of directors has been authorized to waive, limit or suppress such preemptive subscription rights. Notwithstanding the waiver of any preemptive subscription rights, any issuance of shares for cash within the limits of the authorized share capi</span><span style="font-size: 10pt; line-height: inherit;">tal shall be subject to the pre</span><span style="font-size: 10pt; line-height: inherit;">emptive subscription rights of existing shareholders, except (i)</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">any issuance of shares (including without limitation, the direct issuance of shares or upon the exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares) against a contribution other than in cash; and (ii)</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">any issuance of shares (including by way of free shares or at discount), up to an amount of 1.5% of the issued share capital of the Company, to directors, officers, agents, employees of the Company, its direct or indirect subsidiaries or its affiliates (or, collectively, th</span><span style="font-size: 10pt; line-height: inherit;">e b</span><span style="font-size: 10pt; line-height: inherit;">eneficiaries), including without limitation, the direct issuance of shares or upon the exercise of options, rights convertible into shares or similar instruments convertible or exchangeable into shares, issued for the purpose of compensation or incentiv</span><span style="font-size: 10pt; line-height: inherit;">e of the b</span><span style="font-size: 10pt; line-height: inherit;">eneficiaries or in relation thereto (which the board of directors shall be authorized to issue upon such terms and conditions as it deems fit).</span><span style="font-size: 10pt; line-height: inherit;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">For further details, see &#8220;Corporate Governance Statement &#8211; Corporate Governance&#8221;.</span></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Holders of ADSs in the United States may, in any event, not be able to exercise any preemptive rights, if granted, for shares underlying their ADSs unless additional shares and ADSs are registered under the U.S. Securities Act of 1933, as amended, (&#8220;Securities Act&#8221;), with respect to those rights, or an exemption from the registration requirements of the Securities Act is available. </span><span style="font-size: 10pt; line-height: inherit;">The Company</span><span style="font-size: 10pt; line-height: inherit;"> intend</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> to evaluate, at the time of any rights offering, the costs and potential liabilities associated with the exercise by holders of shares and ADSs of the preemptive rights for shares, and any other factors </span><span style="font-size: 10pt; line-height: inherit;">it</span><span style="font-size: 10pt; line-height: inherit;"> consider</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> appropriate at the time, and then to make a decision as to whether to register additional shares. </span><span style="font-size: 10pt; line-height: inherit;">The Company </span><span style="font-size: 10pt; line-height: inherit;">may decide not to register any additional shares, requiring a sale by the Depositary of the holders&#8217; rights and a distribution of the proceeds thereof. Should the Depositary not be permitted or otherwise be unable to sell preemptive rights, the rights may be allowed to lapse with no consideration to be received by the holders of the ADSs. </span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">It may be difficult to </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">obtain or </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">enforce judgments against </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">the Company</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> outside Luxembourg</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The Company is a </span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">soci&#233;t&#233; anonyme</span><span style="font-size: 10pt; line-height: inherit;"> organized under the laws of</span><span style="font-size: 10pt; line-height: inherit;"> the Grand Duchy of</span><span style="font-size: 10pt; line-height: inherit;"> Luxembourg, and most of its assets are located in other jurisdictions. Furthermore, most of the Company&#8217;s directors and officers reside in </span><span style="font-size: 10pt; line-height: inherit;">other</span><span style="font-size: 10pt; line-height: inherit;"> jurisdictions. As a result, investors may </span><span style="font-size: 10pt; line-height: inherit;">not be able</span><span style="font-size: 10pt; line-height: inherit;"> to effect service of process upon </span><span style="font-size: 10pt; line-height: inherit;">the Company</span><span style="font-size: 10pt; line-height: inherit;"> or </span><span style="font-size: 10pt; line-height: inherit;">its</span><span style="font-size: 10pt; line-height: inherit;"> directors or officers</span><span style="font-size: 10pt; line-height: inherit;">. </span><span style="font-size: 10pt; line-height: inherit;">Investors may also not be able to enforce against </span><span style="font-size: 10pt; line-height: inherit;">the Company</span><span style="font-size: 10pt; line-height: inherit;"> or </span><span style="font-size: 10pt; line-height: inherit;">its</span><span style="font-size: 10pt; line-height: inherit;"> directors or officers in the investors&#8217; domestic courts</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> judgments predicated upon the civil liability provisions of </span><span style="font-size: 10pt; line-height: inherit;">the</span><span style="font-size: 10pt; line-height: inherit;"> domestic laws of the investors&#8217; home countries. Likewise, it may be difficult for investors not domiciled in Luxembourg to bring an original action in a Luxembourg court predicated upon the civil liability provisions of other securities laws, including U.S. federal securities laws, against the Company, its directors </span><span style="font-size: 10pt; line-height: inherit;">or its</span><span style="font-size: 10pt; line-height: inherit;"> officers. There is also uncertainty with regard to the enforceability of original actions of civil liabilities predicated upon the civil liability provisions of securities laws, including U.S. federal securities laws, outside the jurisdiction where such judgments have been rendered; and enforceability will be subject to compliance with procedural requirements under applicable local law, including the condition that the judgment does not violate the public policy of the applicable jurisdiction.</span></span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bg_TNKZO5R74000000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Information on the Company</span></a></div><div style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; cursor: default; outline: none; pointer-events: none; color: #000000;" href="#TOC" id="Baaa_896W64Y93K00000000000000000000" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="color: #8e8e8e;">Overview</span></span></a></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Tenaris is a leading global manufacturer and supplier of steel pipe products and related services for the world&#8217;s energy industry and other industrial applications. Our customers include most of the world&#8217;s leading oil &amp; gas companies, and we operate an integrated network of steel pipe manufacturing, research, finishing and service facilities with industrial operations in the Americas, Europe, the Middle East, Asia and Africa.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Although our operations are focused on serving the oil &amp; gas industry, we also supply pipes and tubular components for non-energy applications. We develop and supply products and services for low-carbon energy applications such as geothermal wells, waste-to-energy (bio-energy) power plants, hydrogen storage and transportation, and carbon capture and storage.</span></span></p><div style="line-height: 1.2; margin: 0pt 0pt 0pt; text-indent: 0pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">25</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Through an integrated global network of R&amp;D, manufacturing, and service facilities, and a team of 25,000 people worldwide, we work with our customers to meet their needs in a timely manner, observing the highest levels of product performance and reliability.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><img src="imge6642e69b7bf4ac5bbc4.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></img></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bh_H4QVUX1SRK00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">History and Development of the Company</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">The Company</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The Company is a</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">soci&#233;t&#233; anonyme</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">organized under the laws of the Grand Duchy of Luxembourg. It was established on December</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">17, 2001. The Company&#8217;s registered office is located at 26 Boulevard Royal, 4</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">th</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">Floor, L-2449, Luxembourg.</span><span style="font-size: 10pt; line-height: inherit;"> Its agent for U.S. federal securities law purposes is Tenaris Global Services (U.S.A.) Corporation</span><span style="font-size: 10pt; line-height: inherit;"> (&#8220;TEUS&#8221;)</span><span style="font-size: 10pt; line-height: inherit;">, located at 2200 West Loop South, Suite 800, </span><span style="font-size: 10pt; line-height: inherit;">Houston</span><span style="font-size: 10pt; line-height: inherit;">, TX 77027.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">26</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="break-after: avoid; line-height: 1.2; text-indent: 0pt; margin: 10pt 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Tenaris</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Tenaris began with th</span><span style="font-size: 10pt; line-height: inherit;">e formation of </span><span style="font-size: 10pt; line-height: inherit;">Siderca, the sole Argentine producer of seamless steel pipe products, by San Faustin&#8217;s predecessor in Argentina in 1948. 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font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">27</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i><span style="line-height: inherit;"><span style="float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We also own strategic interests in:</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 96px;"><tbody><tr style="height: 27px;"><td style="width: 5%; text-align: center; vertical-align: top; height: 27px;" valign="top">&#8226;</td><td style="width: 95%; vertical-align: top; height: 27px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">Ternium<span style="line-height: inherit;">&#160;</span>S.A. 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line-height: inherit;">In addition, w</span><span style="font-size: 10pt; line-height: inherit;">e</span><span style="font-size: 10pt; line-height: inherit;"> have established a global network of pipe finishing, distribution and service facilities with a direct presence in most major oil and gas markets and a global network of </span><span style="font-size: 10pt; line-height: inherit;">R&amp;D</span><span style="font-size: 10pt; line-height: inherit;"> centers.</span></span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">For information on Tenaris&#8217;s principal capital expenditures and divestitures, see &#8220;Information on the Company &#8211; Business Overview &#8211; Capital Expenditure Program</span><span style="font-size: 10pt; line-height: inherit;">&#8221;</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bi_T61MOMNFRK00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Business Overview</span></a></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our business strategy is to consolidate our position as a leading global supplier of integrated product and service solutions to the</span><span style="font-size: 10pt; line-height: inherit;"> energy and other industries and to </span><span style="font-size: 10pt; line-height: inherit;">adapt to the energy transition through reducing the carbon emissions in our operations and </span><span style="font-size: 10pt; line-height: inherit;">on developing and supplying products and services for low-carbon energy applications by:</span></span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5%; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="width: 95%; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">pursuing strategic investment opportunities in order to further strengthen our presence in local and global markets;</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">expanding our comprehensive range of products and developing new products designed to meet the needs of customers<span style="line-height: inherit;">&#160;</span>operati</span><span style="font-size: 10pt; 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line-height: inherit;">services designed to enable customers to optimize<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">well planning and integrity, simplify operations<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">and reduce overall operating costs;<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">and</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p><span style="font-size: 10pt; line-height: inherit;">securing</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>an adequate supply of production inputs and reducing the manufacturing costs<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">and carbon intensity<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">of our core products.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Pursuing strategic investment opportunities and alliances</span></p><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We have a solid record of growth through strategic investments and acquisitions. We pursue selective strategic investments and acquisitions as a means to expand our operations and presence in select markets, enhance our global competitive position and capitalize on potential operational synergies. </span><span style="font-size: 10pt; line-height: inherit;">For example</span><span style="font-size: 10pt; line-height: inherit;">:</span></span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5%; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">I</span><span style="font-size: 10pt; line-height: inherit;">n January 2020</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>we acquired IPSCO, a</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>North American</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>manufacturer of</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>seamless and welded</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>steel pipes, from<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">PAO<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">TMK</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>(&#8220;TMK&#8221;)</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">with</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>facili</span><span style="font-size: 10pt; line-height: inherit;">ties</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>located mainly in the m</span><span style="font-size: 10pt; line-height: inherit;">idwestern and north</span><span style="font-size: 10pt; line-height: inherit;">eastern regions of the<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">United States</span><span style="font-size: 10pt; line-height: inherit;">, and a</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>ste</span><span style="font-size: 10pt; line-height: inherit;">el shop in Koppel, Pennsylvania.</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">In<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">December</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>2020 we<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">entered into</span><span style="line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">a</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>joint venture<span style="line-height: inherit;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">with Inner Mongolia Baotou Steel Union Co., Ltd. (&#8220;Baotou Steel&#8221;) to build&#160;</span></span></span><span style="font-size: 10pt; line-height: inherit;">a</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>premium connection threading<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">facility to finish steel pipes produced by our joint venture partner in<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">Baotou, China</span><span style="font-size: 10pt; line-height: inherit;">, for sale to the domestic market</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>The plant</span><span style="line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">started operations in the first quarter of</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>2022.</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td><p><span style="font-size: 10pt; line-height: inherit;">We are building a wind farm in Argentina at a cost of approximately $200 million, which is expected to reduce Tenaris&#8217;s CO<span style="font-size: 8pt;"><sub>2</sub></span> emissions in that country by around 150,000 tons per year, and supply close to 50% of the energy requirements at the integrated seamless pipe mill in Campana, Argentina. This investment is expected to be completed during 2023.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our track record on </span><span style="font-size: 10pt; line-height: inherit;">the ac</span><span style="font-size: 10pt; line-height: inherit;">quisition </span><span style="font-size: 10pt; line-height: inherit;">of companies </span><span style="font-size: 10pt; line-height: inherit;">is described above </span><span style="font-size: 10pt; line-height: inherit;">in</span><span style="font-size: 10pt; line-height: inherit;"> &#8220;History and Develo</span><span style="font-size: 10pt; line-height: inherit;">pment of the Company &#8211; Tenaris&#8221;</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">28</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><p style="line-height: 1.2;;margin:0pt"><br/></p><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; break-after: avoid; text-indent: 0px; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-size: 10pt;">Expanding our range of products including the development of new products for the</span></i></b><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-size: 10pt;">energy transition</span></i></b></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We have developed an extensive range of high-value products suitable for most of our customers&#8217; operations using our network of specialized </span><span style="font-size: 10pt; line-height: inherit;">R&amp;D</span><span style="font-size: 10pt; line-height: inherit;"> facilities and by investing in our manufacturing facilities. As our customers expand their operations, we seek to supply high-value products that reduce costs and enable them to operate safely in challenging environments, including those for </span><span style="font-size: 10pt; line-height: inherit;">low-carbon</span><span style="font-size: 10pt; line-height: inherit;"> applications </span><span style="font-size: 10pt; line-height: inherit;">associated with</span><span style="font-size: 10pt; line-height: inherit;"> the energy transition.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">As suppliers of tubular products and services to the energy industry, the energy transition currently underway provides an important opportunity to develop new products and services for potentially fast-growing segments like hydrogen transportation and storage, carbon capture and sequestration (&#8220;CCS&#8221;) and geothermal installations. We have developed a range of technologies that are particularly suited for use in hydrogen storage and transportation, where we are seeing fast growth in demand for large, high-pressure vessels used in the build out of hydrogen refueling stations for heavy-duty vehicles and buses in Europe and California. We are also seeing increasing interest from customers for developing CCS projects.</span></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Enhancing our offer</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">ing</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> of technical</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">, digital</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> and </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">supply chain integration</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> services - Rig Direct<span style="font-size: 8pt;"><sup>&#174;</sup></span> - and extending their global deployment</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We continue to enhance our offering of Rig Direct<span style="font-size: 8pt;"><sup>&#174;</sup></span> services and extend their deployment worldwide. For many years, we have provided these services, managing customer inventories and directly supplying pipes to their rigs on a just-in-time basis, complemented by technical advice and assistance on the selection of materials and their use in the field, in markets like Mexico and Argentina. In response to changes in market conditions and the increased focus of customers on reducing costs and improving the efficiency of their operations, the extent and deployment of our Rig Direct<span style="font-size: 8pt;"><sup>&#174;</sup></span> services has been extended throughout North America and in other markets around the world (e.g., Colombia, North Sea, Romania and the United Arab Emirates) and now include digital and more extensive supply chain integration services. Through the provision of Rig Direct<span style="font-size: 8pt;"><sup>&#174;</sup></span> services, we seek to integrate our operations with those of our customers using digital technologies to shorten the supply chain and simplify operational and administrative processes, as well as technical services for well planning and well integrity, to reduce costs, improve safety and minimize environmental impact. They are also intended to differentiate us from our competitors and further strengthen our relationships with customers worldwide through long-term agreements.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Securing inputs for our manufacturing operations</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We seek to secure our existing sources of raw material and energy inputs, and to gain access to new sources of low-cost inputs which can help us maintain or reduce the cost of manufacturing our core products</span><span style="font-size: 10pt; line-height: inherit;"> and</span><span style="font-size: 10pt; line-height: inherit;"> reduce the carbon emissions intensity of our operations</span><span style="font-size: 10pt; line-height: inherit;"> over the long term. We aim to achieve a vertically integrated value chain for our production. To this end, we purchase most of our supplies through Exiros, a specialized procurement company </span><span style="font-size: 10pt; line-height: inherit;">the</span><span style="font-size: 10pt; line-height: inherit;"> ownership</span><span style="font-size: 10pt; line-height: inherit;"> of which</span><span style="font-size: 10pt; line-height: inherit;"> we share with Ternium. Exiros offers us integral procurement solutions, supplier sourcing activities; category organized purchasing; suppliers&#8217; performance administra</span><span style="font-size: 10pt; line-height: inherit;">tion; and inventory management.</span><span style="font-size: 10pt; line-height: inherit;"> In addition, through IPSCO&#8217;s acquisition, we have secured a steel shop in Koppel, Pennsylvania, which is our first steel shop in the United States and provides vertical integration through domestic production of a </span><span style="font-size: 10pt; line-height: inherit;">significant</span><span style="font-size: 10pt; line-height: inherit;"> part of our steel bar needs in the United States. </span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Our Competitive Strengths</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; 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line-height: inherit;"><span style="line-height: inherit;">&#160;</span>knowledge and skills;</span></p></td></tr><tr><td style="vertical-align: top; text-align: center;" valign="top">&#8226;</td><td><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">our low-cost operations, primarily at state-of-the-art, strategically located production facilities with favorable access to raw materials, energy and labor, and<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">a solid track-record of</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>operating experience;<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">and</span></p></td></tr><tr><td style="vertical-align: top; text-align: center;" valign="top">&#8226;</td><td><p><span style="font-size: 10pt; line-height: inherit;">our</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>strong financial</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>condition.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Business Segments</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Tenaris has one major business segment, </span><span style="font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-size: 10pt; line-height: inherit;">Tubes</span><span style="font-size: 10pt; line-height: inherit;">&#8221;</span><span style="font-size: 10pt; line-height: inherit;">, which is also t</span><span style="font-size: 10pt; line-height: inherit;">he reportable operating segment. <span style="font-size: 10pt; font-family: 'times new roman', times;">All other business activities and operating segments that are not required to be separately reported, are disclosed in the &#8220;Others&#8221; segment. </span></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services mainly for the energy industry, particularly casing and tubing used in oil and gas drilling operations, and line pipe used in the transportation and processing of oil and gas, but also other industrial applications. Our production processes include the production of steel and its transformation into tubular products. Business activities included in this segment are mainly dependent on the oil and gas industry worldwide, as this industry is a major consumer of steel pipe products. Demand for steel pipe products from the energy industry has historically been volatile and depends primarily upon the number of oil and natural gas wells being drilled, completed and reworked, and the depth and drilling conditions of such wells. Major oil and gas companies are beginning to adapt their strategies and increase their investments in renewable energies to address the energy transition while maintaining their capability to meet market demand for oil and gas, and reducing the emissions from their operations. As the energy transition advances, demand for our products and services from low-carbon energy applications, such as geothermal, hydrogen and carbon capture and storage, is expected to increase while demand for oil and gas applications may decrease.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sales are generally made to end users, with exports being done through a centrally managed global distribution network and domestic sales made through local subsidiaries.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The &#8220;Others&#8221; segment includes all other business activities and operating segments related to the production and sale of sucker rods, tubes used for plumbing and construction applications, coiled tubing used in oil and gas extraction activities, oil and gas services including fracking and coiled tubing services in Argentina, <span style="font-size: 10pt; font-family: 'times new roman', times;">the sale of energy and raw materials that exceed our internal requirements, and industrial equipment of various specifications and for diverse applications (this business was discontinued in 2022). </span></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">For more information on our business segments, see &#8220;II C. Accounting Policies &#8211; Segment information&#8221; to our audited consolidated financial statements </span><span style="font-size: 10pt; line-height: inherit;">included in this annual report.</span></span></p></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><br/></div><div id="Do95uh3442kesex75dp99hq" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Our Products</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our principal finished products are seamless and welded steel casing and tubing, line pipe and various other mechanical and structural steel pipes for different uses. Casing and tubing are also known as oil country tubular goods </span><span style="font-size: 10pt; line-height: inherit;">(&#8220;</span><span style="font-size: 10pt; line-height: inherit;">OCTG</span><span style="font-size: 10pt; line-height: inherit;">&#8221;)</span><span style="font-size: 10pt; line-height: inherit;">. We manufacture our steel pipe products in a wide range of specifications, which vary in diameter, length, thickness, finishing, steel grades, coating, threading and coupling. For </span><span style="font-size: 10pt; line-height: inherit;">more</span><span style="font-size: 10pt; line-height: inherit;"> complex applications, including high pressure and high temperature applications, seamless steel pipes are usually specified and, for some standard applications, welde</span><span style="font-size: 10pt; line-height: inherit;">d steel pipes can also be used.</span><span style="font-size: 10pt; line-height: inherit;"> In addition to oil and gas applications, many of our products can also be used in low-carbon energy applications, such as geothermal, hydrogen and carbon capture and storage.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Casing</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> Steel casing is used to sustain the walls of oil and gas w</span><span style="font-size: 10pt; line-height: inherit;">ells during and after drilling.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Tubing</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> Steel tubing is used to conduct crude oil and natural gas to the surface after drilling has been</span><span style="font-size: 10pt; line-height: inherit;"> completed.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Line pipe</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> Steel line pipe</span><span style="font-size: 10pt; line-height: inherit;"> is</span><span style="font-size: 10pt; line-height: inherit;"> used to transport crude oil and natural gas from wells to refineries, storage tanks and lo</span><span style="font-size: 10pt; line-height: inherit;">ading and distribution centers.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Mechanical and structural pipes</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> Mechanical and structural pipes are used by general industry for various applications, including the transportation of other forms of gas a</span><span style="font-size: 10pt; line-height: inherit;">nd liquids under high pressure.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Cold-drawn pipe</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> The cold-drawing process permits the production of pipes with the diameter and wall thickness required for use in boilers, superheaters, condensers, heat exchangers, automobile production and several</span><span style="font-size: 10pt; line-height: inherit;"> other industrial applications.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">30</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Premium joints and couplings</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> Premium joints and couplings are specially designed connections used to join lengths of steel casing and tubing for use in high temperature or high pressure environments. A significant portion of our steel casing and tubing products are supplied with premium joints and couplings. We own an extensive range of premium connections, and following the integration of the premium connections business of Hydril, we have marketed our premium connection products under the </span><span style="font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-size: 10pt; line-height: inherit;">TenarisHydril</span><span style="font-size: 10pt; line-height: inherit;">&#8221;</span><span style="font-size: 10pt; line-height: inherit;"> brand name. </span><span style="font-size: 10pt; line-height: inherit;">In addition, we hold licensing rights to manufacture and sell the </span><span style="font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-size: 10pt; line-height: inherit;">Atlas Bradford</span><span style="font-size: 10pt; line-height: inherit;">&#8221;</span><span style="font-size: 10pt; line-height: inherit;"> range of premium connections outside the United States and, since our acquisition of IPSCO in January </span><span style="font-size: 10pt; line-height: inherit;">2020,</span><span style="font-size: 10pt; line-height: inherit;"> we own the </span><span style="font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-size: 10pt; line-height: inherit;">Ultra</span><span style="font-size: 10pt; line-height: inherit;">&#8221; and &#8220;TORQ&#8221;</span><span style="font-size: 10pt; line-height: inherit;"> range</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> of premium connections.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Coiled tubing.</span><span style="font-size: 10pt; line-height: inherit;"> Coiled tubing is used for oil and gas drilling and well work</span><span style="font-size: 10pt; line-height: inherit;">overs and for subsea pipelines.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;"><i><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Other products. </span></i></span><span style="font-size: 10pt; line-height: inherit;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">We also manufacture sucker rods used in oil extraction activities, tubes used for plumbing and construction applications, oilfield / hydraulic fracturing services, energy and raw materials that exceed our internal requirements, and industrial equipment (discontinued in 2022).</span></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Production Process and Facilities</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We operate relatively low-cost production facilities, which we believe is the result of:</span></p><table style="width: 100%; margin-left: 0.1px; height: 95px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse;"><tbody><tr style="height: 17px;"><td style="width: 5%; height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="width: 95%; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">state-of-the-art, strategically located plants;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">favorable access to high quality raw materials, energy and labor at competitive costs;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">operating history of<span>&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">almost</span><span>&#160;</span><span style="font-size: 10pt; line-height: inherit;">7</span><span style="font-size: 10pt; line-height: inherit;">0 years, which translates into solid industrial know-how;</span></p></td></tr><tr style="height: 10px;"><td style="height: 10px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 10px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">constant benchmarking and best-practices sharing among the different facilities;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">increasing specialization of each of our facilities in specific product ranges;<span>&#160;</span></span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">and</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top;" valign="top"><p><span style="font-size: 10pt; line-height: inherit;">extensive</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>use of<span>&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">digital<span>&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">technolog</span><span style="font-size: 10pt; line-height: inherit;">ies</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>in our production processes.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our seamless pipes production and processing facilities are located in North and South America, Europe and Asia. Our welded pipes production facilities are located in North and South America and in Saudi Arabia. We also produce steel bars in the United States, Mexico, Argentina, Italy and Romania using the scrap-based electric arc furnace process that results in relatively low carbon emissions compared to primary steelmaking processes. We produce couplings in Argentina, China, Colombia, Indonesia, Mexico and Romania, and pipe fittings in Mexico. In addition to our pipe threading and finishing facilities at our integrated pipe production facilities, we have additional pipe and/or pipe accessory threading facilities that manufacture&#160;products in accordance with the specifications of the American Petroleum Institute (&#8220;API&#8221;), and premium joints in Canada, China, Ecuador, Indonesia, Kazakhstan, Nigeria, Saudi Arabia, the United Kingdom and the United States, and we are currently building a new premium OCTG threading facility in Abu Dhabi, U.A.E., which is expected to be completed by year-end. In addition, we have sucker rods production facilities in Argentina, Brazil, Mexico, Romania, and the United States and a coiled tubing production facility in the United States.</span></span></p><p style="margin: 0pt 0pt 12pt; break-after: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The <span style="font-family: 'times new roman', times;">follow<span style="font-size: 10pt;">ing table shows our aggregate installed production capacity of seamless and welded steel pipes and steel bars at the dates indicated as well as the aggregate actual production volumes for the periods indicated.</span></span></span></span></p><table border="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse; margin-left: 0.1px; height: 170px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="margin-left: 0.1px; height: 15px;"><td style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><br/></td><td colspan="3" style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><p style="text-align: center; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="color: #000000;"><span style="mso-spacerun: yes;">&#160;</span>At&#160;or&#160;for&#160;the&#160;year&#160;ended&#160;December&#160;31, </span></b></span></p></td></tr><tr style="margin-left: 0.1px; height: 15px;"><td style="padding: 0cm 5.4pt; width: 70%; margin-left: 0.1px; height: 15px;"></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 5.4pt; width: 10%; margin-left: 0.1px; height: 15px;"><p style="text-align: center; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span>2022</span></b></span></p></td><td style="padding: 0cm 5.4pt; width: 10%; margin-left: 0.1px; height: 15px;"><p style="text-align: center; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span>2021</span></b></span></p></td><td style="padding: 0cm 5.4pt; width: 10%; margin-left: 0.1px; height: 15px;"><p style="text-align: center; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span>2020</span></b></span></p></td></tr><tr style="margin-left: 0.1px; height: 10px;"><td valign="bottom" style="padding: 0cm 5.4pt; background-color: #cceeff; margin-left: 0.1px; height: 10px;"><p style="margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span style="color: #000000;">Thousands of tons</span></i></span></p></td><td valign="bottom" style="background: #cceeff; padding: 0cm 5.4pt; margin-left: 0.1px; height: 10px;"><p style="text-align: center; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; background-color: #cceeff; margin-left: 0.1px; height: 10px;"><p style="text-align: center; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; background-color: #cceeff; margin-left: 0.1px; height: 10px;"><p style="text-align: center; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td></tr><tr style="margin-left: 0.1px; height: 10px;"><td valign="bottom" style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 10px;"><p style="margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Steel Bars</span></p></td><td valign="bottom" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 5.4pt; margin-left: 0.1px; height: 10px;"><p style="margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 10px;"><p style="margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 10px;"><p style="margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td></tr><tr style="margin-left: 0.1px; height: 15px;"><td valign="bottom" style="padding: 0cm 5.4pt; background-color: #cceeff; margin-left: 0.1px; height: 15px;"><p style="text-indent: 18pt; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Effective Capacity (annual) <span style="font-size: 8pt;"><sup>(1)</sup></span></span></p></td><td valign="bottom" style="background: #cceeff; padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><p style="text-align: right; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="mso-spacerun: yes;">&#160; </span>4,485 </span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; background-color: #cceeff; margin-left: 0.1px; height: 15px;"><p style="text-align: right; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="mso-spacerun: yes;">&#160; </span>4,485 </span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; background-color: #cceeff; margin-left: 0.1px; height: 15px;"><p style="text-align: right; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="mso-spacerun: yes;">&#160; </span>4,485 </span></p></td></tr><tr style="margin-left: 0.1px; height: 15px;"><td valign="bottom" style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><p style="text-indent: 18pt; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Actual Production </span></p></td><td valign="bottom" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><p style="text-align: right; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="mso-spacerun: yes;">&#160; </span>3,746 </span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><p style="text-align: right; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="mso-spacerun: yes;">&#160; </span>3,141 </span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; 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background-color: #cceeff; margin-left: 0.1px; height: 15px;"><p style="margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; background-color: #cceeff; margin-left: 0.1px; height: 15px;"><p style="margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">&#160;</span></p></td></tr><tr style="margin-left: 0.1px; height: 15px;"><td valign="bottom" style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><p style="text-indent: 18pt; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Effective Capacity (annual) <span style="font-size: 8pt;"><sup>(1)</sup></span></span></p></td><td valign="bottom" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><p style="text-align: right; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="mso-spacerun: yes;">&#160; </span>4,715 </span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><p style="text-align: right; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="mso-spacerun: yes;">&#160; </span>4,680 </span></p></td><td valign="bottom" style="padding: 0cm 5.4pt; margin-left: 0.1px; height: 15px;"><p style="text-align: right; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; 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text-align: center;"><span style="font-size: 10pt;" class="pageno">31</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; break-after: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt;"><span style="line-height: inherit;"><span style="font-family: 'book antiqua', palatino;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In 2021</span>, o</span>ur production capacity for welded pipes decreased as a result of the dismantling of our Canadian facility and one of our U</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;">S</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"> facilities.</span><span style="line-height: inherit;"> Part of the equipment dismantled </span><span style="line-height: inherit;">at</span><span style="line-height: inherit;">our Calgary facility in Alberta </span><span style="line-height: inherit;">was</span></span><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times;"> modernized and relocated along with new equipment t</span>o our Sault Ste. Marie facility in Ontario, as part of an investment in </span><span style="font-size: 10pt; line-height: inherit;">a</span><span style="font-size: 10pt; line-height: inherit;"> repositioning plan for our industrial activities, which </span><span style="font-size: 10pt; line-height: inherit;">was </span><span style="font-size: 10pt; line-height: inherit;">completed </span><span style="font-size: 10pt; line-height: inherit;">in</span><span style="font-size: 10pt; line-height: inherit;">the second half of 2022</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Furthermore, in 2022 we revised the capacity of some of our seamless and welded pipe mills in the United States following the integration of the IPSCO plants acquired in 2020 and taking into account current market and production mix of products. 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vertical-align: top; height: 27px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 27px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">six finishing lines, including heat treatment<span>&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">lines</span><span style="font-size: 10pt; line-height: inherit;">, upsetting machines and threading and inspection equipment;</span></p></td></tr><tr style="height: 27px;"><td style="text-align: center; vertical-align: top; height: 27px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 27px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a cold-drawing mill;<span>&#160;</span></span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">and</span></p></td></tr><tr style="height: 17px;"><td style="text-align: center; vertical-align: top; height: 17px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 17px;" valign="top"><p><span style="font-size: 10pt; line-height: inherit;">an</span><span>&#160;</span><span style="font-size: 10pt; line-height: inherit;">automotive components production<span>&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">center</span><span style="font-size: 10pt; line-height: inherit;">.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The major operational units at the Veracruz facility and the corresponding effective annual production capacity (in thousands of tons per year, except for the auto components facility, which is in millions of parts) as of December</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">31, 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; 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border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin:0pt"><br/></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8365%; height: 172px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 34px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="font-weight: bold; line-height: inherit;">Effective</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;">Annual Production</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; 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text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr></tbody></table><table style="height: 10px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 10px;"><td style="width: 40%; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="width: 60%; height: 10px;"><br/></td></tr></tbody></table><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;"><sup>(1)</sup> Effective annual production capacity is calculated based on standard productivity of production lines, theoretical product mix allocations, </span><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;">the</span><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;"> maximum number of possible working shifts and a continued flow of supp</span><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;">lies to the production process.</span></div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 8pt; text-indent: 0pt;"><p style="margin: 0pt 0pt 8pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Veracruz, located near our fully integrated seamless pipe manufacturing facility, we have a threading plant, which produces premi</span><span style="font-size: 10pt; line-height: inherit;">um connections and accessories.</span></span></p><p style="margin: 0pt 0pt 8pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition to the Veracruz facilities, we operate a manufacturing facility near Monterrey in the state of Nuevo Le&#243;n, Mexico, for the production of weldable pipe fittings. This facility has an annual production capacit</span><span style="font-size: 10pt; line-height: inherit;">y of approximately 15,000 tons.</span></span></p><p style="margin: 0pt 0pt 8pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">United States</span></p><p style="margin: 0pt 0pt 8pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In the United States we have the f</span><span style="font-size: 10pt; line-height: inherit;">ollowing production facilities:</span></span></p><p style="margin: 0pt 0pt 8pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Koppel, Pennsylvania</span><span style="font-size: 10pt; line-height: inherit;"><span style="font-style: italic;">:</span>&#160;<span style="font-size: 10.0pt; mso-bidi-font-size: 9.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Acquired in 2020, the facility is located on an area of 89 hectares and consists of a steel shop with an annual production capacity of approximately 430,000 tons of steel bars and a heat treatment line. Following a $15 million investment which expanded the steel shop&#8217;s size range capabilities, it is now capable of producing bars in a range of sizes to provide a reliable source of billets to supply both our Bay City and Ambridge seamless pipe rolling mills. With the completion of this investment, the facility provides vertical integration through domestic production of a significant part of Tenaris&#8217;s steel bar needs in the United States.</span></span></span></p><p style="margin: 0pt 0pt 8pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Bay City, Texas:</span><span style="font-size: 10pt; line-height: inherit;"> Our 1.2 million square f</span><span style="font-size: 10pt; line-height: inherit;">ee</span><span style="font-size: 10pt; line-height: inherit;">t </span><span style="font-size: 10pt; line-height: inherit;">greenfield</span><span style="font-size: 10pt; line-height: inherit;"> seamless mill was inaugurated in December 2017</span><span style="font-size: 10pt; line-height: inherit;"> and is</span><span style="font-size: 10pt; line-height: inherit;">located on an area of 552 hectares</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">The facility is the result of an investment of $1.8 billion and includes a state-of-the-art rolling </span><span style="font-size: 10pt; line-height: inherit;">m</span><span style="font-size: 10pt; line-height: inherit;">ill wit</span><span style="font-size: 10pt; line-height: inherit;">h a capacity of approximately 65</span><span style="font-size: 10pt; line-height: inherit;">0,000 tons per year (with an outside diameter range of 4 &#189; to 9 </span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">5</span><span style="font-size: 10pt; line-height: inherit;">/</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">8</span><span style="font-size: 10pt; line-height: inherit;"> inches), as well as a</span><span style="font-size: 10pt; line-height: inherit;">&#160;heat treatment line, a finishing line and a logistics center.</span></span></p><p style="margin: 0pt 0pt 8pt; 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orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">a</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span>&#160;</span>finishing line.</span></td></tr></tbody></table><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">33</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Ambridge, Pennsylvania</span><span style="font-size: 10pt; line-height: inherit;"><span style="font-style: italic;">:</span> A seamless rolling mill located on an area of 19 hectares,</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">with</span><span style="font-size: 10pt; line-height: inherit;"> a capacity of approximately 365</span><span style="font-size: 10pt; line-height: inherit;">,000 tons per year (with an outside diameter rang</span><span style="font-size: 10pt; line-height: inherit;">e of</span><span style="font-size: 10pt; line-height: inherit;"> 2</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">3</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">8</span><span style="font-size: 10pt; line-height: inherit;"> through 5</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;"> inches</span><span style="font-size: 10pt; line-height: inherit;">).</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Hickman, Arkansas</span><span style="font-size: 10pt; line-height: inherit;"><span style="font-style: italic;">:</span> This facility, which is our main U.S. welded production facility and covers an area of 78 hectares, processes steel coils to produce electric resistance welded (&#8220;ERW&#8221;) OCTG and line pipe with an outside diameter range from 2</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">3</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">8</span><span style="font-size: 10pt; line-height: inherit;"> to 16 inches and has an annual production capacity of approximately </span><span style="font-size: 10pt; line-height: inherit;">670</span><span style="font-size: 10pt; line-height: inherit;">,000 tons. It includes:</span></span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 86px;"><tbody><tr style="height: 32px;"><td style="width: 5%; text-align: center; vertical-align: top; height: 32px;" valign="top">&#8226;</td><td style="width: 95%; vertical-align: top; height: 32px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a plant comprising two welding lines&#160;producing 2</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">3</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">8</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>through 5</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>inches API products with two finishing lines and two heat treatment lines;</span></p></td></tr><tr style="height: 27px;"><td style="text-align: center; vertical-align: top; height: 27px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 27px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a plant comprising of a welding line producing 6 through 16 inches API products and a finishing line;</span><span>&#160;</span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">and</span></p></td></tr><tr style="height: 27px;"><td style="text-align: center; vertical-align: top; height: 27px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 27px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>coating facility coating sizes up to 16 inches.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; margin: 0pt 0pt 8pt; text-indent: 0pt;"><i style="font-size: 12pt; text-indent: 0pt;"><span style="font-size: 10pt;">Blytheville, Arkansas</span></i><span style="text-indent: 0pt; font-size: 10pt; margin: 0pt 0pt 8pt;"><span style="font-style: italic;">:</span> Located 2.5 miles from our Hickman facility; this facility produces ERW OCTG and performs finishing operations including heat treatment, inspection, upsetting and threading. The facility has five lines: <span style="font-family: 'times new roman', times; font-size: 10pt;">one welding line with an annual capacity of 200,000 tons between </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;">2<sup>&#160;3</sup>&#8260;<sub>8</sub> to 4 &#189; inches outside diameter pipe; one Heat Treatment line, one inspection line and one threading line for pipes between 2 <sup>3</sup>&#8260;<sub>8</sub> and 5 &#189; inches outside diameter.</span></span></p><p style="margin: 0pt 0pt 8pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span>Conroe, Texas</span></i><span><span>:</span> Located in an area of approximately 26 hectares north of Houston, Texas and has a capability of processing pipes with an outside diameter from 4 &#189; to 8 </span><sup><span>5</span></sup><span>&#8260;<sub>8</sub><span> inches. The plant has four production lines: one ERW welding line with a capacity of approximately 200,000 tons; one heat treatment line, one inspection line and one threading line.</span></span></span></p><p style="line-height: 12pt; margin: 0pt 0pt 8pt; font-size: 12pt; font-family: 'Times New Roman', 'serif'; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span>Baytown, Texas:</span></i><span> Located in an area of approximately 25 hectares east of Houston, Texas the facility heat-treats and finishes OCTG. The facility has six lines: one heat treatment, and one inspection line with outside diameter capability from 4 &#189; to 7 </span><sup><span>5</span></sup><span>&#8260;<sub>8</sub> inches and four Threading lines capable of processing pipes 4 &#189; to 13 <sup>5</sup>&#8260;<sub>8</sub> inches outside diameter with a capacity of 220,000 tons.</span></span></p><p style="line-height: 12pt; margin: 0pt 0pt 8pt; font-size: 12pt; font-family: 'Times New Roman', 'serif'; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span><span></span></span><span><span><i><span>Wilder, Kentucky:</span></i></span><span><span> Located near the natural gas deposits of the Marcellus Shale, this 113 hectares facility produces both ERW casing and line pipe from 7 to 16 inches outside diameter. The facility has two lines: one welding line with annual capacity of 360,000 tons; and one finishing line. Additionally this facility has a coating line. This facility is currently idle</span>.</span></span></span></p><p style="margin: 0pt 0pt 8pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span><span>In addition, we have facilities for threading and finishing pipes in Houston, Texas and Brookfield, Ohio.</span></span></span></p><table border="0" cellpadding="0" style="width: 100%; border-collapse: collapse; margin-left: 0.1px; height: 32px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 10px;"><td style="padding: 0cm 5.4pt; height: 10px;"></td><td style="padding: 0cm 5.4pt; height: 10px;"><p style="text-align: center; margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="color: #000000;">Effective&#160;Annual Production&#160;Capacity</span></b></span></p></td><td style="padding: 0cm 5.4pt; height: 10px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;"></td><td style="padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="text-align: center; margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="color: #000000;"><span style="mso-spacerun: yes;">&#160;</span>(thousands&#160;of&#160;tons) <span style="font-size: 8pt;"><sup>(1)</sup></span></span></b></span></p></td><td style="padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; width: 84%; background-color: #cceeff;"><p style="margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Steel Shop </span></p></td><td valign="bottom" style="padding: 0px; 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text-indent: -14.2pt; break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 8pt;"><sup><span>(1)</span></sup></span><span style="font-size: 8.0pt; font-family: 'Frutiger 45 Light',sans-serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="mso-tab-count: 1;">&#160;</span><span style="font-size: 8pt;">Effective annual production capacity is calculated based on standard productivity of production lines, theoretical product mix allocations, the maximum number of possible working shifts and a continued flow of supplies to the production process.</span></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In response to the continuing recovery of activity in the U.S. oil and gas industry, during 2022 we continued our U.S. industrial ramp up, by re-opening the quench and tempering line in Koppel and restarting ERW production in Conroe and Hickman.&#160;<span style="font-size: 10.0pt; 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Marie, near the mouth of Lake Superior in the province of Ontario. The facility includes a </span><span style="font-size: 10pt; line-height: inherit;">seamless pipe hot rolling mill (</span><span style="font-size: 10pt; line-height: inherit;">retained mandrel</span><span style="font-size: 10pt; line-height: inherit;"> mill and stretch reducing mill)</span><span style="font-size: 10pt; line-height: inherit;">, a welded pipe ERW mill, a heat treatme</span><span style="font-size: 10pt; line-height: inherit;">nt line, three finishing lines (</span><span style="font-size: 10pt; line-height: inherit;">one with threaders for A</span><span style="font-size: 10pt; line-height: inherit;">PI and semi-premium connections)</span><span style="font-size: 10pt; line-height: inherit;"> and a Premium threading line. </span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">For seamless, the effective annual production capacity is 300,000 tons with an outside diameter range of 3 1&#8260;2 to 9 7&#8260;8 inches. We mainly use steel bars produced by our facilities in Romania, Italy, Mexico, Argentina and United States.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">34</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><br/></span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">For welded, the effective annual production capacity is 200,000 tons. The outside diameter range of the line is from 4 1&#8260;2 to 12 3&#8260;4 inches. The facility includes a slitter, which cuts the master coils into the required dimensions for each OD. The line commenced operations in the second half of 2022 as part of an investment plan to reposition our industrial footprint and strengthen the competitiveness and domestic production capabilities of the Canadian market.</span></span></p><table border="0" cellpadding="0" style="height: 22px; width: 100%; border-collapse: collapse; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 10px;"><td style="padding: 0cm 5.4pt; height: 10px;"></td><td style="padding: 0cm 5.4pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="text-align: center; margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="color: #000000;">Effective&#160;Annual Production&#160;Capacity</span></b></span></p></td><td style="padding: 0cm 5.4pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0cm 5.4pt; height: 10px;"></td><td style="padding: 0cm 5.4pt; height: 10px;"><p style="text-align: center; margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="color: #000000;"><span style="mso-spacerun: yes;">&#160;</span>(thousands&#160;of&#160;tons) <span style="font-size: 8pt;"><sup>(1)</sup></span></span></b></span></p></td><td style="padding: 0cm 5.4pt; height: 10px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;"><p style="margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Seamless Pipe Production</span></p></td><td valign="bottom" style="padding: 0px; height: 1px; background-color: #cceeff;"><p style="text-align: right; margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="mso-spacerun: yes;">&#160; </span>300 </span></p></td><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px; width: 84%;"><p style="margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">Welded Pipe Production</span></p></td><td valign="bottom" style="padding: 0px; height: 1px; width: 15%;"><p style="text-align: right; margin: 0cm; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"><span style="mso-spacerun: yes;">&#160; </span>200 </span></p></td><td style="padding: 0cm 5.4pt; width: 1%; height: 1px;"><br/></td></tr></tbody></table><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 14.7588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="width: 85.2412%;"><br/></td></tr></tbody></table><p style="margin: 0cm 0cm 12pt 14.2pt; text-indent: -14.2pt; break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 8pt;"><sup><span>(1)</span></sup></span><span style="font-size: 8.0pt; font-family: 'Frutiger 45 Light',sans-serif;"><span style="font-family: 'times new roman', times;"><span style="mso-tab-count: 1;">&#160;</span>Effective annual production capacity is calculated based on standard productivity of production lines, theoretical product mix allocations, the maximum number of possible working shifts and a continued flow of supplies to the production process.</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, we have a threading facility in Nisku, Alberta, near the center of Western Canadian drilling area. The facility has ten computer numerical control (&#8220;CNC&#8221;) lathes dedicated to premium connections and accessories, including related repairs.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">South America</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Argentina, we have a fully integrated seamless pipe facility. In addition, we have welded pipe manufacturing facilities in </span><span style="font-size: 10pt; line-height: inherit;">Argentina, Brazil and Colombia.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Argentina</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our principal manufacturing facility in South America is a fully integrated plant o</span><span style="font-size: 10pt; line-height: inherit;">n the banks of the Paran&#225; </span><span style="font-size: 10pt; line-height: inherit;">river</span><span style="font-size: 10pt; line-height: inherit;">, </span><span style="font-size: 10pt; line-height: inherit;">near the </span><span style="font-size: 10pt; line-height: inherit;">city</span><span style="font-size: 10pt; line-height: inherit;"> of Campana, approximately 80 kilometers</span><span style="font-size: 10pt; line-height: inherit;"> north from the c</span><span style="font-size: 10pt; line-height: inherit;">ity of Buenos Aires, Argentina. Situated on over 300 hectares, the plant includes a state-of-the-art seamless pipe facility and has an effective annual production capacity of approximately 900,000 tons of seamless steel pipe (with an outside diameter range of 1</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">4</span><span style="font-size: 10pt; line-height: inherit;"> to 10</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">3</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">4</span><span style="font-size: 10pt; line-height: inherit;"> inches) an</span><span style="font-size: 10pt; line-height: inherit;">d 1,300,000 tons of steel bars.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Campana facility comprises:</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5%; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="width: 95%; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a direct reduced iron (&#8220;</span><span style="font-size: 10pt; line-height: inherit;">DRI</span><span style="font-size: 10pt; line-height: inherit;">&#8221;)</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>production plant;</span></p></td></tr><tr><td style="vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a steel shop with two production lines, each including an electric arc furnace, refining equipment, four-strand<span>&#160;</span>conti</span><span style="font-size: 10pt; line-height: inherit;">nuous<span>&#160;</span>caster and a cooling bed;</span></p></td></tr><tr><td style="vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">two continuous mandrel mills, each including a rotary furnace, direct piercing equipment and a cooling bed and</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>one of them</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>also<span>&#160;</span>inc</span><span style="font-size: 10pt; 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font-style: italic; line-height: inherit;">and</span></p></td></tr><tr><td style="vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p><span style="font-size: 10pt; line-height: inherit;">a</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>port on the<span>&#160;</span>Paran&#225;<span>&#160;</span>river for the supply of raw materials and the</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>shipment of finished products.</span></p></td></tr></tbody></table><div><p style="margin:0pt"><br/></p><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">35</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our local electric energy requirements are satisfied through purchases in the local market and by a 35 megawatts power generating plant located within the Campana facility.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The major operational units at the Campana facility and corresponding effective annual production capacity (in thousands of tons per year) as of December</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">31, 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, are as follows:</span></span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8365%;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="font-weight: bold; line-height: inherit;">Effective</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;">Annual Production</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;">Capacity</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; 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font-size: 10pt;"><tbody><tr><td style="width: 40%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="width: 60%;"><br/></td></tr></tbody></table><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;"><sup>(1)</sup> Effective annual production capacity is calculated based on standard productivity of production lines, theoretical product mix allocations, </span><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;">the</span><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;"> maximum number of possible working shifts and a continued flow of supp</span><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;">lies to the production process.</span></div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition to our main integrated seamless pipe facility, we also have two welded pipe manufacturing facilities in Argentina. One is</span><span style="font-size: 10pt; line-height: inherit;"> located at Valent&#237;n Alsina,</span><span style="font-size: 10pt; line-height: inherit;"> south </span><span style="font-size: 10pt; line-height: inherit;">of the city of Buenos Aires. This</span><span style="font-size: 10pt; line-height: inherit;"> facility includes</span><span style="font-size: 10pt; line-height: inherit;"> ERW and submerged arc welding (&#8220;</span><span style="font-size: 10pt; line-height: inherit;">SAW</span><span style="font-size: 10pt; line-height: inherit;">&#8221;)</span><span style="font-size: 10pt; line-height: inherit;">&#160;rolling mills with one spiral line. The facility was originally opened in 1948 and processes steel coils and plates to produce welded steel pipes with an outside diameter range of 4</span><span style="font-size: 5.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">2 </span><span style="font-size: 10pt; line-height: inherit;">to 80 inches, which are used for the conveying of fluids at low, medium and high pressure and for mechanical and structural purposes. The facility has an annual product</span><span style="font-size: 10pt; line-height: inherit;">ion capacity of approximately 40</span><span style="font-size: 10pt; line-height: inherit;">0,000 to</span><span style="font-size: 10pt; line-height: inherit;">ns. The other welded facility,</span><span style="font-size: 10pt; line-height: inherit;"> located at Villa Constituc</span><span style="font-size: 10pt; line-height: inherit;">i&#243;n in the province of Santa Fe,</span><span style="font-size: 10pt; line-height: inherit;"> has an annual production capacity of approximately 80,000 tons of welded pipes with an outside diameter range of 1 to </span><span style="font-size: 10pt; line-height: inherit;">8</span><span style="font-size: 10pt; line-height: inherit;"> inches.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Activity level in our plants increased </span><span style="font-size: 10pt; line-height: inherit;">consistently throughout the year 2022</span><span style="font-size: 10pt; line-height: inherit;">, accompanying demand recovery in both local and global markets.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In February 2022, </span><span style="font-size: 10pt; line-height: inherit;">we</span><span style="font-size: 10pt; line-height: inherit;"> approved </span><span style="font-size: 10pt; line-height: inherit;">an</span><span style="font-size: 10pt; line-height: inherit;"> investment plan to build a wind far</span><span style="font-size: 10pt; line-height: inherit;">m in Argentina at a cost of</span><span style="font-size: 10pt; line-height: inherit;"> approximately $200</span><span style="font-size: 10pt; line-height: inherit;"> million which </span><span style="font-size: 10pt; line-height: inherit;">is expected to</span><span style="font-size: 10pt; line-height: inherit;"> reduce our CO</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;"> emissions in the</span><span style="font-size: 10pt; line-height: inherit;"> country </span><span style="font-size: 10pt; line-height: inherit;">by around 150,000 tons per year</span><span style="font-size: 10pt; line-height: inherit;"> and supply close to 50% of the electric energy requirements at our Siderca integrated seamless pipe mill. This investment is expected to be completed during 2023.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 1pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Brazil</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Brazil</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> we have the Confab welded pipe manufacturing facility, located at Pindamonhangaba, 160 kilometers northeast from the city of S&#227;o Paulo. This facility includes an ERW rolling mill and a SAW longitudinal rolling mill. The facility, which was originally opened in 1974, processes steel coils and plates to produce welded steel pipes with an outside diameter range from 5</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;"> to 48 inches for various applications, including OCTG and line pipe for oil, petrochemical and gas applications. The facility also supplies anticorrosion pipe coating made of extruded polyethylene or polypropylene, external and internal fusion bonded epoxy, thermal insulation, concrete weight coating and paint for internal pipe coating. </span><span style="font-size: 10pt; line-height: inherit;">The facility has an annual production capacity of</span><span style="font-size: 10pt; line-height: inherit;"> approximately 500,000 tons.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Colombia</span><span style="font-size: 10pt; font-style: italic; line-height: inherit;"> and Ecuador</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Colombia</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> we have Tubo</span><span style="font-size: 10pt; line-height: inherit;">C</span><span style="font-size: 10pt; line-height: inherit;">aribe, </span><span style="font-size: 10pt; line-height: inherit;">a </span><span style="font-size: 10pt; line-height: inherit;">pipe manufacturing facility in Cartagena, on an area of </span><span style="font-size: 10pt; line-height: inherit;">60 </span><span style="font-size: 10pt; line-height: inherit;">hectares</span><span style="font-size: 10pt; line-height: inherit;">, including a state-of-the-art finishing plant for seamless pipes. The</span><span style="font-size: 10pt; line-height: inherit;">total estimated annual </span><span style="font-size: 10pt; line-height: inherit;">finishing </span><span style="font-size: 10pt; line-height: inherit;">capacity </span><span style="font-size: 10pt; line-height: inherit;">is</span><span style="font-size: 10pt; line-height: inherit;"> approximately</span><span style="font-size: 10pt; line-height: inherit;">25</span><span style="font-size: 10pt; line-height: inherit;">0,000 tons</span><span style="font-size: 10pt; line-height: inherit;">, with an estimated annual ERW production capacity of approximately 140,000 tons</span><span style="font-size: 10pt; line-height: inherit;">. </span><span style="font-size: 10pt; line-height: inherit;">This facility</span><span style="font-size: 10pt; line-height: inherit;"> produces OCTG and line pipe products </span><span style="font-size: 10pt; line-height: inherit;">with an outside diameter range of 2</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">3</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">8</span><span style="font-size: 10pt; line-height: inherit;"> to 9</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">&#160;</span><span style="font-size: 6.67pt; vertical-align: super; line-height: inherit;">5</span><span style="font-size: 10pt; line-height: inherit;">&#8260;</span><span style="font-size: 6.67pt; vertical-align: sub; line-height: inherit;">8</span><span style="font-size: 10pt; line-height: inherit;"> inches, </span><span style="font-size: 10pt; line-height: inherit;">and includes</span><span style="font-size: 10pt; line-height: inherit;">two</span><span style="font-size: 10pt; line-height: inherit;">ERW </span><span style="font-size: 10pt; line-height: inherit;">mills</span><span style="font-size: 10pt; line-height: inherit;">, one heat treatment line</span><span style="font-size: 10pt; line-height: inherit;">, one slotting line</span><span style="font-size: 10pt; line-height: inherit;"> and three threading lines, including premium connections capacity</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">Inspection lines and </span><span style="font-size: 10pt; line-height: inherit;">materials testing laboratories </span><span style="font-size: 10pt; line-height: inherit;">complete the production facility. </span><span style="font-size: 10pt; line-height: inherit;">A 2 to 24 inches diameter multilayer coating facility complements our line pipe production facilities.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition, we have a coupling shop with </span><span style="font-size: 10pt; line-height: inherit;">fifty-</span><span style="font-size: 10pt; line-height: inherit;">eight</span><span style="font-size: 10pt; line-height: inherit;"> lathes, </span><span style="font-size: 10pt; line-height: inherit;">ten</span><span style="font-size: 10pt; line-height: inherit;"> cutting machines, and </span><span style="font-size: 10pt; line-height: inherit;">two</span><span style="font-size: 10pt; line-height: inherit;"> phosphatizing lines. Inspection and finishing lines complete this facility. </span><span style="font-size: 10pt; line-height: inherit;">The shop </span><span style="font-size: 10pt; line-height: inherit;">has</span><span style="font-size: 10pt; line-height: inherit;"> an estimated annual production capacity of 2</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">3 million pieces, including API and premium threads.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">36</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Ecuador, we have a threading and finishing facility with an annual capacity of 35,000 tons, and a service center which is designed to support our Rig Direct<span style="font-size: 8pt;"><sup>&#174;</sup></span> strategy, both situated in Machachi.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Europe</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Europe, we have several seamless pipe manufacturing facilities in Italy and one in Romania</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> and </span><span style="font-size: 10pt; line-height: inherit;">a </span><span style="font-size: 10pt; line-height: inherit;">prem</span><span style="font-size: 10pt; line-height: inherit;">ium connection threading facility</span><span style="font-size: 10pt; line-height: inherit;"> in </span><span style="font-size: 10pt; line-height: inherit;">the </span><span style="font-size: 10pt; line-height: inherit;">United Kingdom</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Italy</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our principal manufacturing facility in Europe is an integrated plant located in the town of Dalmine</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> in the industrial </span><span style="font-size: 10pt; line-height: inherit;">area</span><span style="font-size: 10pt; line-height: inherit;"> of Bergamo, about 40 kilometers from Milan in northern Italy. Situated on an area of 150 hectares, the plant includes a state-of-the-art seamless pipe mill and has an annual production capacity of approximately </span><span style="font-size: 10pt; line-height: inherit;">650</span><span style="font-size: 10pt; line-height: inherit;">,000 tons of seamless steel pipes and 935,000 tons of steel bars.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Dalmine facility comprises:</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5%; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a steel shop, including an electric arc furnace, two ladle furnaces,<span>&#160;</span></span><span style="font-size: 10pt; 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line-height: inherit;">treatment</span><span style="font-size: 10pt; line-height: inherit;">;</span><span>&#160;</span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">and</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td><p><span style="font-size: 10pt; line-height: inherit;">two</span><span style="font-size: 10pt; line-height: inherit;"><span>&#160;</span>premium connection threading lines</span><span style="font-size: 10pt; line-height: inherit;">.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The major operational units at the Dalmine facility and corresponding effective annual production capacity (in thousands of tons per year) as of December</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">31, 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, are as follows:</span></span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8365%; height: 91px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="font-weight: bold; line-height: inherit;">Effective</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;">Annual Production</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;">Capacity</span></span></p><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="font-weight: bold; line-height: inherit;">(thousands&#160;of&#160;tons)<span>&#160;</span><span style="font-size: 8pt;"><sup>(1)</sup></span><br/></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 34px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Steel Shop </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 935 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Pipe Production</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 11px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 11px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 24pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Retained Mandrel Mill Medium Diameter (plus Rotary Expander for Large Diameter) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 11px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;">&#160; 650 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 11px; background-color: #cceeff;"><br/></td></tr></tbody></table><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 40%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="width: 60%;"><br/></td></tr></tbody></table><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;"><sup>(1)</sup> Effective annual production capacity is calculated based on standard productivity of production lines, theoretical product mix allocations, </span><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;">the</span><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;"> maximum number of possible working shifts and a continued flow of supp</span><span style="text-indent: -14.2pt; font-size: 8pt; line-height: inherit;">lies to the production process.</span></div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;">The Dalmine facility manufactures seamless steel pipes with</span><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;"> an outside diameter range of 146 to 711 mm (5.70</span><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;"> to 28.00 inches), mainly from carbon, low alloy and high alloy steels for diverse applications. The Dalmine facility also manufactures steel bars for processing at</span><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;"> our facilities in Italy and </span><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;">elsewhere</span><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;">. It has an annual production capacity of 650,000 tons.</span></div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; text-indent: 0pt; line-height: inherit;">We also have a production facility, located in Arcore, about 25 kilometers from Milan in northern Italy. The Arcore facility, which covers an area of approximately 26 hectares and comprises a Diescher mill with associated finishing lines. Production is concentrated in heavy-wall mechanical pipes with an outside diameter range of 48 to 219 mm (1.89 to 8.62 inches). The Arcore facility has an annual production capacity of approximately 150,000 tons.<br/></span></div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our production facilities located in Italy have a collective annual production capacity of approximately </span><span style="font-size: 10pt; line-height: inherit;">800</span><span style="font-size: 10pt; line-height: inherit;">,000 tons of seamless steel pipes.&#160;</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition to the main facility mentioned above, we also have:<br/></span></span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5%; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="width: 95%; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;">the Costa Volpino facility, which covers an area of approximately 31 hectares and comprises a cold-drawing mill and an auto components facility producing cold-drawn carbon, low alloy and high alloy steel pipes with an outside diameter range of 12 to 380 mm (0.47 to 15 inches), mainly for automotive, mechanical and machinery companies in Europe. The Costa Volpino facility has an annual production capacity of approximately<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; line-height: inherit;">55</span><span style="font-size: 10pt; line-height: inherit;">,000 tons;</span><span style="line-height: inherit;">&#160;</span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">and</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p style="line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;">a facility at Sabbio, which manufactures gas cylinders with an annual production capacity of approximately 14,000 tons or 270,000 pieces, and a large vessels plant inside the Dalmine facility, with a production capacity of around 2,500 finished pieces per year.</span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;"><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">37</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In </span></span><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">order to reduce the cost of electrical energy at our operations in Dalmine, we constructed a gas-fired, combined heat and power station wit</span><span style="font-size: 10pt; line-height: inherit;">h a capacity of 120 megawatts in</span><span style="font-size: 10pt; line-height: inherit;"> Dalmine. </span><span style="font-size: 10pt; line-height: inherit;">Our operations in Dalmine consume a share of the power generated at the power station</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> which </span><span style="font-size: 10pt; line-height: inherit;">has </span><span style="font-size: 10pt; line-height: inherit;">sufficient capacity to meet almost the whole electric power requirements of these operations. The additional energy needed to cover </span><span style="font-size: 10pt; line-height: inherit;">consumption peaks</span><span style="font-size: 10pt; line-height: inherit;"> and the excess energy produced are purchased and sold to the market while heat is sold for district heating.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Romania</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We have a seamless steel pipe manufacturing facility in northwest Romania, located in the city of Zalau, 530 kilometers from Bucharest. The facility includes a hot rolling mill and has an annual production capacity of approximately 250,000 tons of hot rolled pipes and 210,000 tons of finished products, of which 30,000 tons are cold drawn. The plant produces carbon and alloy steel tubes with an outside diameter range of 21.3 to 159 mm (0.839 to 6.26 inches) for hot rolled tubes and 8 to 120 mm (0.315 to 4.724 inches) for cold drawn tubes. We also have a steelmaking facility in southern Romania, located in the city of Calarasi, with an annual steelmaking capacity of 620,000 tons, supplying steel bars for European operations as well as to other rolling mills in our industrial system. The industrial facilities in Romania comprise:.</span></span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5%; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="width: 95%; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a steel shop including an electric arc furnace, a ladle furnace and a continuous caster;</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a floating mandrel mill;</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">four finishing lines, including heat treatment lines, upsetting machine, line pipe, threading, make-up and inspection equipment facilities;</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a coupling shop;</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">an accessories line;</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">a cold-drawing plant with finishing area;<span style="line-height: inherit;">&#160;</span></span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">and</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="vertical-align: top;" valign="top"><p><span style="font-size: 10pt; line-height: inherit;">automotive</span><span style="font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>and hydraulic cylinders components&#8217; production machinery.</span></p></td></tr></tbody></table><p style="margin:0pt"><br/></p><table border="0" cellpadding="0" style="width: 100%; border-collapse: collapse; margin: 0px; height: 21px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"><tbody><tr style="height: 10px;"><td style="padding: 0cm 5.4pt; height: 10px;"><br/></td><td style="padding: 0cm 5.4pt; height: 10px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="font-weight: bold; line-height: inherit;">Effective</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;">Annual Production</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;">Capacity</span></span></p><p style="margin: 0px; color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: center; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="font-weight: bold; line-height: inherit;">(thousands&#160;of&#160;tons)<span style="line-height: inherit;">&#160;</span><span style="font-size: 8pt; line-height: inherit;"><sup>(1)</sup></span></span></span><span style="font-weight: bold; line-height: inherit;"><span style="font-size: 8pt; line-height: inherit;"><sup></sup></span></span></p></td><td style="padding: 0cm 5.4pt; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 10px; width: 84%; background-color: #cceeff;">Steel Shop<br/></td><td valign="bottom" style="padding: 0px; height: 10px; width: 15%; background-color: #cceeff; text-align: right;">620</td><td style="padding: 0cm 5.4pt; width: 1%; height: 10px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;">Seamless Pipe Production<br/></td><td valign="bottom" style="padding: 0px; height: 1px; text-align: right;">210</td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr></tbody></table><table style="height: 1px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 14.1047%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="width: 85.8953%;"><br/></td></tr></tbody></table><p style="margin: 0cm 0cm 0cm 14.2pt; text-indent: -14.2pt; line-height: 10pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;"><sup><span style="line-height: inherit;">(1)</span></sup></span><span style="font-size: 8pt; font-family: 'Frutiger 45 Light', sans-serif; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">&#160;&#160;&#160; </span>Effective annual production capacity is calculated based on standard productivity of production lines, theoretical product mix allocations, the maximum number of possible working shifts and a continued flow of supplies to the production process.</span></span></p><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">United Kingdom</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In Aberdeen, we have a premium threading facility that produces Tenaris proprietary connections while supporting the manufacture of tubular accessories. The plant works as a hub to service customers working in the North Sea region. The facility has an annual production capacity of approximately 20,000 pieces, with a production range of <span style="font-size: 10pt;">2 <sup>3</sup>&#8260;<sub>8</sub> to 20 inches</span>.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">38</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; text-indent: 0pt; line-height: inherit;">Middle East and Africa</span><br/></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We have a controlling participation in SSPC, a welded steel pipe producer, which operates five production lines and produces welded pipes for the local oil &amp; gas industry (OCTG and line pipe) and for the industrial and construction sectors. Annual capacity is 360,000 tons covering a diameter range from &#189; to 20 inches. We also have a threading facility for the production of premium joints and accessories in Saudi Arabia, with an annual production capacity of 120,000 tons. SSPC holds a 35% interest in GPC, a joint venture company, established in 2010 and located in Jubail, Saudi Arabia, which manufactures LSAW pipes.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additionally, we have a premium threading facility in Kazakhstan. The state-of-the-art facility has the capacity to produce 45,000 tons of OCTG annually for threading seamless pipes and gas-tight premium connections to serve the local market.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Nigeria, we have a facility dedicated to the production of premium joints and couplings located in Onne. This plant comprises a threading facility for both API and premium connections with an annual production capacity of approximately 40,000 tons, inspection facilities and a stockyard. In addition, we own a 40% participation in Pipe Coaters, a leading company in the Nigerian pipe coating industry, located in Onne, which supplies a wide variety of </span><span style="font-size: 10pt; line-height: inherit;">products and services for the oil and gas industry, such as internal, anticorrosion, concrete and thermal insulation coatings for onshore and offshore (including deepwater) applications. </span></span></p><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Asia Pacific</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We own a facility for the production of premium joints and couplings in Qingdao, on the east coast of China. The facility has an annual production capacity of approximately 40,000 tons of premium joints. Additionally, we have a facility that produces components for the local automotive industry. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In December 2020 we entered into an agreement with Baotou Steel to build a steel pipe premium connection threading plant to</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">produce OCTG products in Baotou, China. Under the agreement, Tenari</span><span style="font-size: 10pt; line-height: inherit;">s holds 60% of shares in the</span><span style="font-size: 10pt; line-height: inherit;"> joint-venture company, while </span><span style="font-size: 10pt; line-height: inherit;">Baogang Steel Pipes</span><span style="font-size: 10pt; line-height: inherit;"> (&#8220;Baogang&#8221;)</span><span style="font-size: 10pt; line-height: inherit;">owns the remaining 40%. The plant started operations in the first quarter of 2022. </span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, in Indonesia, we hold 89.17% of SPIJ, an Indonesian OCTG processing business with heat treatment, premium connection threading facilities, coupling shop and a quality-testing laboratory, including an ultrasonic testing machine, which has an annual processing capacity of approximately 120,000 tons. We also have a premium joints accessories threading facility in the state of Batam, which we integrated into our operations following the acquisition of Hydril.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Tenaris&#8217;s </span><span style="font-size: 10pt; line-height: inherit;">former </span><span style="font-size: 10pt; line-height: inherit;">seamless pipe manufacturing facility in Japan, located in the Keihin steel complex owned by JFE, </span><span style="font-size: 10pt; line-height: inherit;">was</span><span style="font-size: 10pt; line-height: inherit;"> operated by NKKTubes, a company owned 51% by Tenaris and 49% by JFE.</span><span style="font-size: 10pt; line-height: inherit;">The NKKTubes facility produced</span><span style="font-size: 10pt; line-height: inherit;"> a wide range of carbon, alloy and stainless steel pipes for the local market and high value-added products for export markets</span><span style="font-size: 10pt; line-height: inherit;"> with an</span><span style="font-size: 10pt; line-height: inherit;"> effective annual production capacity of approximately 260,000 tons.</span><span style="font-size: 10pt; line-height: inherit;"> Fo</span><span style="font-size: 10pt; line-height: inherit;">llowing </span><span style="font-size: 10pt; line-height: inherit;">JFE&#8217;s decision to permanently cease some of its operations in the Kehin complex, where NKKTubes </span><span style="font-size: 10pt; line-height: inherit;">was</span><span style="font-size: 10pt; line-height: inherit;"> located, </span><span style="font-size: 10pt; line-height: inherit;">Tenaris and JFE </span><span style="font-size: 10pt; line-height: inherit;">engaged in discussions and ultimately determined that the project was no longer economically sustainable. Accordingly, the parties agreed to terminate amicably their joint venture and liquidate NKKTubes</span><span style="font-size: 10pt; line-height: inherit;">, which ceased operations on June 30, 2022. The liquidation process of NKKTube</span><span style="font-size: 10pt; line-height: inherit;">s started on November 30, 2022</span><span style="font-size: 10pt; line-height: inherit;">and is exp</span><span style="font-size: 10pt; line-height: inherit;">ected to be completed in 2023.</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">For further information on the termination of the NKKTubes joint venture, please refer to note 35 &#8220;Other relevant information - </span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Agreement to terminate NKKTubes joint venture</span><span style="font-size: 10pt; line-height: inherit;">&#8221; of our audited consolidated financial statements included in this annual report.</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">39</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; break-after: avoid; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><br/></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Production Facilities &#8211; Others </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We have facilities for the manufactur</span><span style="font-size: 10pt; line-height: inherit;">ing</span><span style="font-size: 10pt; line-height: inherit;"> of sucker rods in Villa Mercedes (San Luis, Argentina), Moreira Cesar (S&#227;o Paulo, Brazil), Veracruz (Mexico), Campina (Romania) and Conroe (Texas, United States). Our total annual manufacturing capacity of </span><span style="font-size: 10pt; line-height: inherit;">sucker rods is a</span><span style="font-size: 10pt; line-height: inherit;">pproximately 3.1</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">million units.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In March 2021, Tenaris acquired fracking equipment from U.S.-based oil services company</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> Baker Hughes</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> in Argentina, allowing </span><span style="font-size: 10pt; line-height: inherit;">us</span><span style="font-size: 10pt; line-height: inherit;"> to step up </span><span style="font-size: 10pt; line-height: inherit;">our</span><span style="font-size: 10pt; line-height: inherit;"> services portfolio in the Vaca Muerta shale deposit on an expected rise in activity. </span><span style="font-size: 10pt; line-height: inherit;">In connection with this transaction</span><span style="font-size: 10pt; line-height: inherit;">, </span><span style="font-size: 10pt; line-height: inherit;">we</span><span style="font-size: 10pt; line-height: inherit;"> acquired a pressure pumping fleet, a coiled tubing unit and related equipment.</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In March, 2022, we reorganized the activities at our Confab Equipamentos industrial facility in Moreira C&#233;sar, Pindamonhangaba, S&#227;o Paulo, Brazil. Our Brazilian subsidiaries discontinued the manufacturing of industrial equipment to focus their activities entirely on the production of welded products, sucker rods, coatings and accessories.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Italy, we have the Piombino facility, which covers an area of approximately 67 hectares and comprises a hot-dip galvanizing line and associated finishing facilities. Production is focused on finishing of small diameter seamless pipes for construction and plumbing applications in the domestic market, such as residential water, gas transport and firefighting. The Piombino facility has an annual production capacity of approximately 100,000 tons.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, we have specialized facilities in the Houston area producing coiled tubing and umbilical tubing:</span></p><table style="width: 100%; margin-left: 0.1px; height: 51px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 34px;"><td style="width: 5%; height: 34px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="width: 95%; height: 34px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;">A coiled tubing facility of approximately 150,000 square feet of manufacturing space on 4 hectares. The plant consists of two mills and coating operations capable of producing coiled tubing products in various grades, sizes and wall thicknesses. A new continuous heat treatment line has been recently installed.</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top;" valign="top"><p><span style="font-size: 10pt; line-height: inherit;">An umbilical tubing facility of approximately 85,000 square feet of manufacturing space on 6 hectares. The facility is capable of producing stainless or carbon steel tubing in various grades, sizes and wall thickness.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Sales and Marketing</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Net Sales</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our total net sales amounted to $</span><span style="font-size: 10pt; line-height: inherit;">11</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;">763</span><span style="font-size: 10pt; line-height: inherit;"> million in 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, compared </span><span style="font-size: 10pt; line-height: inherit;">to $</span><span style="font-size: 10pt; line-height: inherit;">6</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;">521</span><span style="font-size: 10pt; line-height: inherit;"> million in 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;"> and $</span><span style="font-size: 10pt; line-height: inherit;">5</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;">147</span><span style="font-size: 10pt; line-height: inherit;"> million in 20</span><span style="font-size: 10pt; line-height: inherit;">20</span><span style="font-size: 10pt; line-height: inherit;">. For further information on our net sales see &#8220;Operating and Financial Review and Prospects &#8211; Results of Operations&#8221;</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table shows our net sales by business segment for the periods indicated therein:</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Millions of U.S. dollars</span></p></td><td colspan="6" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> For the year ended December 31, </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #ffffff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; 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padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 40%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tubes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff; 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border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 303 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6%</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160; 11,763 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160; 6,521 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160; 5,147 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p></td></tr></tbody></table><div><p style="margin:0pt"><br/></p><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">40</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Tubes</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table indicates, for our Tubes business segment, net sales by geographic region:</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="line-height: inherit; font-style: italic;">Millions of U.S. dollars</span></span></p></td><td colspan="6" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> For the year ended December 31, </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p></td><td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2020</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Tubes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- North America</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 6,796 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">61%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 3,240 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">54%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 2,109 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">44%</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- South America</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 2,213 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">20%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 1,051 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">18%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 660 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14%</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- Europe</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 867 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 622 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 566 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12%</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- Middle East &amp; Africa</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 980 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">9%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 832 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">14%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 1,194 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25%</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">- Asia Pacific</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 277 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 249 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 315 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7%</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Total Tubes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160; 11,133 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160; 5,994 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160; 4,844 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">100%</span></p></td></tr></tbody></table><p style="line-height: 1.2; margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-size: 10pt; font-style: italic; text-indent: 0pt; line-height: inherit;">North America</span><br/></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Sales to customers in North America accounted for </span><span style="font-size: 10pt; line-height: inherit;">61</span><span style="font-size: 10pt; line-height: inherit;">% of our sales of tubular products and services in 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;">compared to </span><span style="font-size: 10pt; line-height: inherit;">5</span><span style="font-size: 10pt; line-height: inherit;">4</span><span style="font-size: 10pt; line-height: inherit;">%</span><span style="font-size: 10pt; line-height: inherit;">in </span><span style="font-size: 10pt; line-height: inherit;">20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;"> and </span><span style="font-size: 10pt; line-height: inherit;">4</span><span style="font-size: 10pt; line-height: inherit;">4</span><span style="font-size: 10pt; line-height: inherit;">% in </span><span style="font-size: 10pt; line-height: inherit;">20</span><span style="font-size: 10pt; line-height: inherit;">20</span><span style="font-size: 10pt; line-height: inherit;">. </span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We have significant sales and production facilities in each of the United States, Canada and Mexico, where we provide customers with an integrated product and service offering based on local production capabilities supported by our global industrial system. In the past few years, we have extended our integrated product and service model, which we call Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span>, throughout North America, and we operate a seamless pipe mill at Bay City, Texas, which is strategically located to serve the Eagle Ford and Permian regions. On January 2, 2020, we acquired IPSCO, a U</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">S</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> seamless and welded pipe producer, which has further strengthened our local production capabilities and capacity to provide Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> services in the United States. Under Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span>, we manage the whole supply chain from the mill to the rig for customers under long-term agreements, integrating mill production with customer drilling programs, reducing overall inventory levels and simplifying operational processes. We first introduced the Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> model to Pemex in Mexico in 1994, and since then we have supplied them with pipes on a just-in-time basis. Today, we supply a large majority of our U.S. and Canadian customers for OCTG products with Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> services.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Sales to our oil and gas customers in the United States and Canada are highly sensitive to oil prices and regional natural gas prices. Over the past fifteen years, the drilling of productive shale gas and tight oil reserves, made possible by new drilling technology, has transformed drilling activity and oil and gas production in the United States and Canada. Following 25 years of declining production, U.S. crude oil production began to increase in 2009 and rose significantly, from 5.6 million b/d in 2011 to 12.3 million b/d in 2019. Due to the COVID-19 pandemic and collapse in oil prices, production in 2020 and 2021 fell back to 11.3 million b/d on average but ended 2022 at 12.2 million b/d. Production of natural gas liquids (&#8220;NGLs&#8221;) also increased significantly in the past decade in North America. This rapid increase in production, however, contributed to an excess of supply in the global oil market in 2014 and a consequent fall in the<span style="line-height: inherit;">&#160;</span>price of oil. Further rapid increases in production in 2018 and 2019 led to OPEC member country producers and other producers agreeing to cut production to balance the market and support oil prices. In 2020, however, the impact of the COVID-19 pandemic led to a sudden and substantial reduction in global oil demand in the first half of 2020 and a collapse in oil prices. Global oil demand and prices have now effectively recovered, along with economic activity, as COVID-19 vaccination programs have been rolled out, and OPEC and other producer countries, including Russia, implemented production cuts to lower supply below demand and reduce inventory levels. At the same time, U.S. shale producers have restrained investments in response to the post COVID-19 recovery of oil prices as they face financial market pressures to increase returns to shareholders and limit investments in production growth.<br/></span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">41</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Similarly, natural gas production has risen rapidly over the past decade and the United States became a net exporter of natural gas for the first time in 2017 and has now become a significant exporter of liquefied natural gas (&#8220;LNG&#8221;) to global markets. In Canada, there has been a similar shift towards drilling of shale gas and tight oil reserves.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The </span><span style="font-size: 10pt; line-height: inherit;">drop</span><span style="font-size: 10pt; line-height: inherit;"> in oil prices with the onset of the COVID-19 pandemic in the first half of 2020, resulted in a collapse in U</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">S</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> drilling activity, with the number of active rigs falling to the lowest level recorded in over 40 years. </span><span style="font-size: 10pt; line-height: inherit;">However, si</span><span style="font-size: 10pt; line-height: inherit;">nce then, there has been a steady recovery in U</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">S</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> drilling activity through 2021 and 2022 with the number of active rigs plateauing below pre-pandemic levels at the end of 2022. As we enter into 2023, drilling activity is showing a slight decline as North American natural gas prices have declined to low levels due to increasing production and a low level of demand in the winter heating season. </span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The level of drilling activity in North America, and consequently demand for our products and services, could also be affected by actions taken by the governments of the region to accelerate the energy transition by reducing demand for oil and gas and restricting drilling activity.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">During 2020, demand for, and sales of, our OCTG products in the U.S. and Canada collapsed along with drilling activity. As a result we closed down many of our facilities in the U.S. and, we dismantled our Prudential welded pipe mill in Calgary, Canada and we integrated welded pipe production at our seamless pipe mill in Sault Ste. Marie, Ontario. Towards the end of 2020, demand for and sales of OCTG in the U.S. and Canada began a recovery which continued throughout 2021 and 2022. During this recovery period we reopened many of the facilities we had shut down in 2020 and brought production at our Bay City mill to full capacity. A particular feature of this recovery was the exceptional price levels for hot rolled coil in the North American market which made the production of welded pipes uneconomic throughout 2021 and delayed the restart of U.S. welded pipe production into 2022. The ramp up of production capacity in the United States was further affected by difficulties in hiring qualified workforce in the post-COVID economy.&#160;</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">During 2018, the U.S. government introduced Section 232 tariffs and quotas on the imports of steel products, including steel pipes, with the objective of strengthening domestic production capacity utilization and investment. The proportion of the OCTG market supplied by imports initially declined from around 60% prior to the imposition of tariffs and quotas to around 40% at the end of 2018 but</span><span style="font-size: 10pt; line-height: inherit;"> OCTG imports</span><span style="font-size: 10pt; line-height: inherit;"> subsequently </span><span style="font-size: 10pt; line-height: inherit;">rose</span><span style="font-size: 10pt; line-height: inherit;">to around 50% in the last two years.</span></span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="color: #242424; font-size: 10pt; line-height: inherit;">On October 27, 2021, the DOC initiated antidumping duty investigations on OCTG imports from Argentina, Mexico, and Russia and countervailing duty investigations of OCTG from Russia and South Korea. On October 26, 2022, the ITC issued a final determination that the imports under investigation caused injury to the U.S. OCTG industry. As a result of the investigation, Tenaris is required to pay antidumping duties (at a rate of 78.30% for imports from Argentina and 44.93% for imports from Mexico) on its imports of OCTG from Argentina and Mexico for five years. Tenaris has been paying antidumping duty deposits since May 11, 2022, reflecting the amount of such deposits in its production costs. The deposit rates will be reset periodically based on the results of the administrative review process. Tenaris has appealed the duty ruling in respect of imports from Mexico and Argentina. This ruling could limit our sales in the country.</span></span></p><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our sales in the United States are also affected by the level of investment of oil and gas companies in exploration and production in offshore projects. The blow-out at the Macondo well in the Gulf of Mexico and the subsequent spillage of substantial quantities of oil resulted in a moratorium that halted drilling activity. The drilling moratorium was lifted in October 2010, when new regulations affecting offshore exploration and development activities were announced. Since then, drilling activity recovered but, in addition to oil price movements, could be affected by actions taken by the government to restrict drilling activity on Federal lands, which include the Gulf of Mexico.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">42</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Oil and gas drilling in Canada is subject to strong seasonality, with the peak drilling season in Western Canada being during the winter months when the ground is frozen. During the spring, as the ice melts, drilling activity is severely restricted by the difficulty of moving equipment in muddy terrain.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">On June 30, 2021, Canada initiated an antidumping investigation on OCTG from Mexico. A full investigation was conducted and on January 26, 2022, the Canadian International Trade Tribunal found that Mexican imports were not injuring the Canadian OCTG industry, and </span><span style="font-size: 10pt; line-height: inherit;">closed</span><span style="font-size: 10pt; line-height: inherit;"> the inquiry without imposing any duties.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In Mexico, we have enjoyed a long and mutually beneficial relationship with Pemex, the Mexican state-owned oil company, and one of the world&#8217;s largest crude oil and condensates producers. In 1994, we began supplying Pemex with Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> services. At the end of 2022, we renewed our long-term agreement with Pemex for an additional three-year period.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">At the end of 2013,</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">Mexico reformed its constitution to allow increased private and foreign investment in the energy industry. Pursuant to these reforms, foreign and private investors are allowed to participate in profit and production sharing contracts and licenses</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> and Pemex has been transformed into a state-owned production company, but ceased having a monopoly on production. In addition, a regulatory framework</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">was</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">developed and contracts with foreign and private investors</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">were</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">awarded. More recently, the government has taken steps to strengthen the role and primacy of Pemex in oil and gas production in the country as well as that of the state-owned CFE in the provision of electric energy and unsuccessfully attempted to introduce a constitutional reform proposal of the electricity sector, seeking to reverse the legal framework derived from the 2013 constitutional energy reform that opened the sector to private investment. For more information on the proposed reform to the energy market in Mexico, see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; Adverse economic or political conditions in the countries where we operate or sell our products and services may decrease our sales or disrupt our manufacturing operations, thereby adversely affecting our revenues, profitability and financial condition&#8221;.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Drilling activity in Mexico and demand for our OCTG products dropped only slightly in 2020 as the country was protected from lower oil prices by a price hedging program. Over the past two years, drilling activity in Mexico has increased moderately as the Mexican government and Pemex implemented measures to reverse production decline while investments pursuant to the energy reform process have been implemented cautiously.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">South America</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Sales to customers in South America accounted for </span><span style="font-size: 10pt; line-height: inherit;">20</span><span style="font-size: 10pt; line-height: inherit;">% of our sales of tubular products and services in 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, compared to 1</span><span style="font-size: 10pt; line-height: inherit;">8</span><span style="font-size: 10pt; line-height: inherit;">% in 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;">and </span><span style="font-size: 10pt; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;">4</span><span style="font-size: 10pt; line-height: inherit;">% in </span><span style="font-size: 10pt; line-height: inherit;">20</span><span style="font-size: 10pt; line-height: inherit;">20</span><span style="font-size: 10pt; line-height: inherit;">. </span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our largest market in South America is Argentina. We also have significant sales in Brazil and Colombia. We have manufacturing subsidiaries in each of these countries.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our sales in South America are sensitive to the international price of oil and its impact on the drilling activity of participants in the oil and gas sectors, as well as to general economic conditions in these countries. In addition, sales in Argentina, as well as export sales from our manufacturing facilities in Argentina, are affected by governmental actions and policies, such as the taxation of oil and gas exports, measures affecting gas prices in the domestic market and other matters affecting the investment climate. Sales in Brazil are also affected by governmental actions and policies and their consequences, such as measures relating to the taxation and ownership of oil and gas production activities and the operations of Petrobras. For more information, please see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; Adverse economic or political conditions in the countries where we operate or sell our products and services may decrease our sales or disrupt our manufacturing operations, thereby adversely affecting our revenues, profitability and financial condition&#8221;.&#160;</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A principal component of our marketing strategy in South American markets is the establishment of long-term supply agreements and Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> services with national and international oil and gas companies operating in those markets.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">43</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Argentina, we have a significant share of the market for OCTG products. We have longstanding business relationships with YPF S.A. (&#8220;YPF&#8221;), the Argentine state-controlled company, and with other operators in the oil and gas sector. We strengthened our relationship with YPF in 2013 through a long-term agreement</span><span style="font-size: 10pt; line-height: inherit;">, which</span><span style="font-size: 10pt; line-height: inherit;"> was renewed for an additional five-year term at the beginning of 2022, under which </span><span style="font-size: 10pt; line-height: inherit;">we </span><span style="font-size: 10pt; line-height: inherit;">provid</span><span style="font-size: 10pt; line-height: inherit;">e</span><span style="font-size: 10pt; line-height: inherit;"> Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> services with the objective of reducing YPF&#8217;s operational costs as it aims to increase production through investments in Argentina&#8217;s shale oil and gas reserves. Drilling activity fell significantly during 2019 after the electoral process in Argentina. In 2020, our sales were affected by ongoing uncertainties regarding the energy policies that would be adopted by the incoming government as well as the onset of the COVID-19 pandemic. Activity </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">recovered during 2021 and 2022. The principal restraint on further increases in activity, particularly in the Vaca Muerta shale play, is the lack of pipeline capacity for exporting oil and for transporting gas to the main consumption centers in Buenos Aires. New pipeline infrastructure is being installed</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">; </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">construction </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">of</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;"> the first phase of a new gas pipeline and two oil export pipelines</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;"> started</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;"> in 2022 and further pipeline </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">infrastructure is </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">expected </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">for</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;"> the next two to three years. We have reactivated our welded pipe mill in Valentin Alsina, </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">province of </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">Buenos Aires</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">,</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;"> to supply pipes for these pipelines under construction and are supplementing deliveries with welded pipes from our mill in Brazil.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Brazil, we have a longstanding business relationship with Petrobras. We supply Petrobras with casing (including premium connections) and line pipe products, many of which are produced in our Brazilian welded pipe facility, for both offshore and onshore applications. More recently, we have increased the sale of imported seamless products to Petrobras for offshore use, including the supply of seamless casing with premium connections, accessories and Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> services for use in the pre-salt area and seamless line pipe for use in offshore risers. With the development of Brazil&#8217;s deepwater pre-salt complex, our mix of products sold in Brazil has evolved from one including mainly line pipe for onshore pipeline projects to one which includes large diameter conductor and surface casing, intermediate and production casing and line pipe for use in deepwater applications. In 2020, with the onset of the COVID-19 pandemic and the collapse in oil prices, Petrobras reduced its onshore drilling operations to focus on pre-salt offshore developments. In 2022, offshore drilling activity began to increase as a result of the development of the Buzios and other pre-salt fields by Petrobras as well as other investments by major oil companies. Consumption of OCTG products in Brazil has remained at a relatively low level over the past five years, as Petrobras reduced its investments in response to budgetary constraints, concentrating on developing its most productive reserves in the pre-salt fields, but OCTG consumption is expected to pick up in 2023. Demand for line pipe for pipeline projects also declined to very low levels with only one major project implemented in the past seven years, but line pipe demand is also expected to pick up in the next years. In response to market-opening measures and the attractiveness of the deepwater reserves, major oil companies are increasing their investments in Brazil, while Petrobras is focusing investments in world class assets in deepwater.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Colombia, we have established a leading position in the market for OCTG products since 2006, following our acquisition of TuboCaribe, a welded pipe manufacturing facility located in Cartagena. Although the market was deeply affected by low oil prices between 2014 and 2016, it has grown over the past decade as the country encouraged investment in its hydrocarbon industry and opened its national oil company to private investment. In 2020, the pandemic-related collapse in oil prices resulted in a drop of drilling activity which recovered in 2021 and 2022. Recently, however, drilling activity is being affected as the new government has introduced policies aimed at reducing exploration activity while local protests and security concerns are increasing at some drilling locations. Our principal customer in Colombia is Ecopetrol S.A. (&#8220;Ecopetrol&#8221;), to which we supply Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> services. In 2022 we renewed our agreement with Ecopetrol for two years.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">In Guyana and neighboring Surinam</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">e</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">, offshore drilling activity has been increasing rapidly over the past three years </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">following</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;"> the discovery of large, cost competitive oil reserves. We are supplying casing for many of the exploration wells and, at the end of 2021, we were awarded a 10-year contract to supply large and medium diameter casing with</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">&#160;</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span>-alike services</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;"> to</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;"> the </span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">deepwater offshore</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;"> development <span style="font-size: 10pt; font-family: 'times new roman', times; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: inherit;">projects in the Starbroek block.</span></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We also have sales in Ecuador, supplying Petroamazonas Ecuador S.A., which merged with EP PetroEcuador, the national oil company, as well as private operators. To increase local content, we have established a local OCTG threading facility in Machachi.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We were present in the Venezuelan OCTG market for many years and we maintained business relationships with Petr&#243;leos de Venezuela S.A. and the joint venture operators in the oil and gas sector until the </span><span style="font-size: 10pt; line-height: inherit;">imposition of economic sanctions by </span><span style="font-size: 10pt; line-height: inherit;">the</span><span style="font-size: 10pt; line-height: inherit;"> Office of Foreign Assets Control (&#8220;</span><span style="font-size: 10pt; line-height: inherit;">OFAC</span><span style="font-size: 10pt; line-height: inherit;">&#8221;)</span><span style="font-size: 10pt; line-height: inherit;">. Additionally, we maintained business relationships with Chevron in Venezuela until April 22, 2020, when their </span><span style="font-size: 10pt; line-height: inherit;">sanctions l</span><span style="font-size: 10pt; line-height: inherit;">icense expired. Our sales in Venezuela declined to low levels in 2020, with no sales in 2021 and 2022. Recently, Chevron has been authorized to resume </span><span style="font-size: 10pt; line-height: inherit;">certain</span><span style="font-size: 10pt; line-height: inherit;"> operations</span><span style="font-size: 10pt; line-height: inherit;">, which</span><span style="font-size: 10pt; line-height: inherit;"> could lead to a resumption of sales in Venezuela in the future.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">44</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Europe </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sales to customers in Europe accounted for 8% of our sales of tubular products and services in 2022, compared to 10% in 2021 and 12% in 2020. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our single largest country market in Europe is Italy. The market for steel pipes in Italy (as in much of the European Union) is affected by general industrial production trends, especially in the mechanical and automotive industry, and by investment in power generation, petrochemical and oil refining facilities. Sales to the mechanical and automotive industries and for HPI and power generation projects in Italy and the rest of Europe in 2020 were affected by lower prices reflecting increased competitive pressures, but volumes were relatively stable. In 2021, activity and our sales </span><span style="font-size: 10pt; line-height: inherit;">increased, while in 2022, although activity was affected by the Russian invasion, our sales increased as prices rose to compensate higher costs.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In Europe we also have significant sales to the oil and gas sector, particularly in the North Sea. Demand from this market is affected by oil and gas prices in the international markets and their consequent impact on oil and gas drilling activities in the North Sea and other areas, like Romania. In addition, we ceased sales to Russia that would breach applicable sanctions imposed by the U.S. and the EU following the Russian invasion of Ukraine.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Europe is also a region which we expect will be at the forefront of developments in low-carbon energy, including hydrogen storage and transportation, carbon capture and sequestration and waste-to-energy power generation. We are participating in these market segments where we expect to see growth in sales in the coming years.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Middle East and Africa</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Sales to customers in the Middle East and Africa accounted for </span><span style="font-size: 10pt; line-height: inherit;">9</span><span style="font-size: 10pt; line-height: inherit;">% of our sales of tubular products and services in 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, compared to </span><span style="font-size: 10pt; line-height: inherit;">14</span><span style="font-size: 10pt; line-height: inherit;">%</span><span style="font-size: 10pt; line-height: inherit;"> in 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">1</span><span style="font-size: 10pt; line-height: inherit;"> and </span><span style="font-size: 10pt; line-height: inherit;">25</span><span style="font-size: 10pt; line-height: inherit;">% in 20</span><span style="font-size: 10pt; line-height: inherit;">20</span><span style="font-size: 10pt; line-height: inherit;">. </span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our sales in the region remain sensitive to international prices of oil and gas and their impact on drilling activities as well as to the production policies pursued by OPEC, and, more recently, OPEC+ countries, many of whose members are located in this region. In the past few years, oil and gas producing countries in the Middle East, led by Saudi Arabia, have increased investments to develop gas reserves to fuel regional gas-based industrial development, which have positively affected their consumption of premium OCTG products. Saudi Arabia, in particular, has shown strong growth in sour and high pressure gas field drilling activity. More recently, the main national oil companies in the Gulf have also begun to increase investments to add oil and LNG production capacity as they seek to accelerate the monetization of their oil and gas reserves. Additionally, in the eastern Mediterranean, vast reserves of natural gas have been discovered, some of which have been targeted for fast track development. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In Africa, international oil companies increased investments in exploration and production in offshore projects in 2012 and 2013 but began to postpone or reduce their investment commitments in 2014 due to the high cost of offshore project developments and a lower success rate in exploration activity. Since 2015, following the oil price collapse, exploration activity was cut back and major project commitments were postponed. The effect on demand was compounded by the high inventory levels held in the region. In 2022, this situation began to change with an increase in exploration and drilling activity and normalization of OCTG inventory levels.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In the Caspian region, major oil companies operating in Kazakhstan and Azerbaijan increased their investments and drilling activity following the recovery of oil prices in 2017 and we opened a premium threading facility in Kazakhstan in 2019. In 2020 and 2021, however, our sales were affected by the impact of the COVID-19 </span><span style="font-size: 10pt; line-height: inherit;">pandemic</span><span style="font-size: 10pt; line-height: inherit;"> on the operations of our customers and the impact on drilling activity of adherence to the production cuts agreed by the OPEC+ countries in response to</span><span style="font-size: 10pt; line-height: inherit;"> the</span><span style="font-size: 10pt; line-height: inherit;"> collapse of oil demand due to the pandemic. Since then, drilling activity </span><span style="font-size: 10pt; line-height: inherit;">and our sales have remained at </span><span style="font-size: 10pt; line-height: inherit;">low level</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;">. </span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In the past few years, uprisings affected drilling activity in countries such as Syria, Libya and Yemen and, in the case of Libya, the oil and gas industry was effectively shut down in 2011. In addition, in </span><span style="font-size: 10pt; line-height: inherit;">the past</span><span style="font-size: 10pt; line-height: inherit;"> years, U.S. and E.U. sanctions have affected production and exports in Iran. </span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our sales in the Middle East and Africa could be adversely affected by political and other events in the region, such as armed conflicts, terrorist attacks and social unrest, which could materially impact the operations of companies active in the region&#8217;s oil and gas industry. Our sales in the region can also be affected by the levels of inventories held by the principal national oil companies and their effect on purchasing requirements. </span><span style="font-size: 10pt; line-height: inherit;">For more information, please see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; Adverse economic or political conditions in the countries where we operate or sell our products and services may decrease our sales or disrupt our manufacturing operations, thereby adversely affecting our revenues, profitability and financial condition&#8221;.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">45</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In 2019 and 2020, sales in the Middle East rose while sales in Africa (including the East Mediterranean) were affected by the slowdown in drilling activity and investments in deepwater projects. Sales in the region declined in 2021 as a result of various factors, including the slowdown in investments in drilling activity pursuant to the pandemic and reduction in oil demand and prices and ongoing inventory reductions at some of the region&#8217;s largest consumers like </span><span style="font-size: 10pt; line-height: inherit;">Saudi Arabia and the United Arab Emirates. In 2022, our sales in the region began to recover and we expect this recovery will strengthen during 2023.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In January 2019, we acquired 47.8% of SSPC, a listed welded steel pipe producer in Saudi Arabia. SSPC produces OCTG, line pipe and commercial pipe products mainly for the local market</span><span style="font-size: 10pt; line-height: inherit;"> and i</span><span style="font-size: 10pt; line-height: inherit;">t is qualified to supply Saudi Aramco for certain products. Through this investment, Tenaris has increased its local industrial presence in an important oil and gas market where policies are being implemented to diversify the economy and increase local manufacturing. Saudi Arabia continues to reinforce measures in favor of local content particularly for suppliers to state-owned companies like Saudi Aramco. In 2022, we entered</span><span style="font-size: 10pt; line-height: inherit;"> into</span><span style="font-size: 10pt; line-height: inherit;"> a long-term agreement with Saudi Aramco for the supply of seamless OCTG products that prioritizes local production where possible.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition, Tenaris currently owns, through its subsidiary SSPC, a 35% share interest in GPC, a Saudi-German joint venture, established in 2010 and located in Jubail, Saudi Arabia, which manufactures LSAW pipes.<br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In August 2019 we were awarded a long-term agreement with Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> conditions, valued at $1.9 billion, to supply approximately half of the OCTG requirements of </span><span style="font-size: 10pt; line-height: inherit;">Abu Dhabi National Oil Company</span><span style="font-size: 10pt; line-height: inherit;"> (&#8220;ADNOC&#8221;) in Abu Dhabi over the next five to seven years. In order to serve this market, we have expanded our local service base and are constructing a new premium OCTG threading facility.</span><span style="font-size: 10pt; line-height: inherit;">We have also </span><span style="font-size: 10pt; line-height: inherit;">been awarded</span><span style="font-size: 10pt; line-height: inherit;"> significant contracts to supply Qatargas Liquefied Gas Company Limited (&#8220;QatarGas&#8221;) and Kuwait Oil Company (&#8220;KOC&#8221;) over the coming years.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Asia Pacific</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Sales to customers in the Asia Pacific accounted for </span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">% of our sales of tubular products and services in 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, compared to </span><span style="font-size: 10pt; line-height: inherit;">4</span><span style="font-size: 10pt; line-height: inherit;">% in 20</span><span style="font-size: 10pt; line-height: inherit;">21</span><span style="font-size: 10pt; line-height: inherit;">and </span><span style="font-size: 10pt; line-height: inherit;">7</span><span style="font-size: 10pt; line-height: inherit;">% in 20</span><span style="font-size: 10pt; line-height: inherit;">20</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">We have a presence in the region with local production facilities in Indonesia, China and a service center in Australia</span><span style="background-color: #ffffff; color: #242424; font-size: 10pt; line-height: inherit;">.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Sales to Indonesia and other markets in South East Asia and Oceania are mainly affected by the level of oil and gas drilling activity, particularly offshore drilling activity. </span><span style="font-size: 10pt; line-height: inherit;">Low oil prices</span><span style="font-size: 10pt; line-height: inherit;"> have deeply affected drilling activity and our sales throughout the region. In addition, the long-term agreement to provide pipes with Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> services in Thailand was </span><span style="font-size: 10pt; line-height: inherit;">terminated</span><span style="font-size: 10pt; line-height: inherit;"> in 2020, anticipating changes in the ownership of oil and gas development concessions.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Our sales in China are concentrated on premium OCTG products used in oil and gas drilling activities. Over the past years, China has significantly reduced its imports of OCTG products as local producers compete ferociously in an oversupplied market. We continue, however, to seek new markets in niche applications and in 2016 we opened a components facility for processing pipes for use in airbags for automobiles, which we are currently expanding for the second time. In 2020, we established a joint venture with Baotou Steel, a major domestic supplier of seamless pipes to the onshore oil and gas fields, for the construction of a premium threading facility located within our partner&#8217;s steelmaking facilities in Inner Mongolia. The new facility, which finishes pipes produced mainly by our joint venture partner, began production during the first quarter of 2022. Our participation in the joint venture is 60%. During 2022, Baotou Steel and Baosteel International Group (&#8220;Baosteel&#8221;) merged their seamless pipe business into a new company named Baogang. Baogang now holds 40% of the shares in the joint venture with Tenaris, and has recently confirmed its intention to continue with the joint venture.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In Japan, our subsidiary, NKKTubes, competed against other domestic producers. In November 2022 we entered into a definitive wrap-up agreement with JFE to terminate our joint venture and cease NKKTubes&#8217; operations. The market for steel pipe products in Japan is mostly industrial and depends on general factors affecting domestic investment, including production activity. With the closure of NKKTubes in June 2022, we have largely ceased to serve this market and accordingly, our sales in the Asia Pacific region now represent a very low proportion of sales in our Tubes segment. Thus, starting on January 1, 2023, we will report our sales in this region together with sales in the Middle East and Africa.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">46</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Others</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our other products and services currently include sucker rods used in oil extraction activities, oil and gas services, including fracking and coiled tubing services in Argentina, sales of pipe for plumbing applications from our Italian Piombino mill, coiled tubes used in oil and gas extraction activities, and sales of raw materials and energy that exceed our internal requirements. Net sales of other products and services amounted to 5% of total net sales in 2022, compared to 8% in 2021 and 6% in 2020.&#160;</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">During 2022, we closed down our Brazilian industrial equipment business and, in </span><span style="font-size: 10pt; line-height: inherit;">2021,</span><span style="font-size: 10pt; line-height: inherit;"> we sold our Geneva mill (pipes for construction activities) in the United States as well as a small Saudi equipment manufacturing and erection business that we acquired during our SSPC acquisition.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Competition</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The global market for steel pipe products is highly competitive. Seamless steel pipe products, which are used extensively in the energy industry particularly for offshore, high pressure, high stress, corrosive and other complex applications, are produced in specialized mills using round steel billets and specially produced ingots. Welded steel pipe products are produced in mills which process steel coils and plates into steel pipes. Steel companies that manufacture steel coils and other steel products but do not operate specialized seamless steel mills are generally not competitors in the market for seamless steel pipe products, although they often produce welded steel pipes or sell steel coils and plates used to produce welded steel pipes.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The production of steel pipe products following the stringent requirements of major oil and gas companies operating in offshore and other complex operations requires the development of specific skills and significant investments in manufacturing facilities. By contrast, steel pipe products for standard applications can be produced in most seamless pipe mills worldwide and sometimes compete with welded pipe products for such applications including OCTG applications. Welded pipe, however, is not generally considered a satisfactory substitute for seamless steel pipe in high-pressure or high-stress applications. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Over the past </span><span style="font-size: 10pt; line-height: inherit;">two decades</span><span style="font-size: 10pt; line-height: inherit;">, substantial investments have been made, especially in China but also in other regions around the world, to increase production capacity of seamless steel pipe products. Production capacity for more specialized product grades has also increased. With the downturn between 2014 and 2016 in the price of oil and demand for tubes for oil and gas drilling, the overcapacity in steel pipe and seamless steel pipe production worldwide became acute, extending beyond commodity grades. This situation </span><span style="font-size: 10pt; line-height: inherit;">has been</span><span style="font-size: 10pt; line-height: inherit;"> accentuated by the more recent COVID-19 induced collapse in demand and the prospect of an accelerated energy transition. Effective competitive differentiation and industry </span><span style="font-size: 10pt; line-height: inherit;">capacity closures </span><span style="font-size: 10pt; line-height: inherit;">will be key factors for Tenaris.</span></span></p></div><div id="Dd92mzcotwyorhz4zby5xo" style="font-family: 'times new roman', times; font-size: 10pt; margin: 0px; text-indent: 0px;"><div style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our principal competitors in steel pipe markets worldwide are described below.</span></div><div style="line-height: 1.2;"><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5%; vertical-align: top; text-align: center;" valign="top"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#8226;</span></td><td style="width: 95%; vertical-align: top;" valign="top"><p style="line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Vallourec&#160;S.A. (&#8220;Vallourec&#8221;), a French company, has mills in Brazil, China, Germany and the United States.&#160;Vallourec&#160;has a strong presence in the European market for seamless pipes for industrial use and a significant market share in the international market with customers primarily in Europe, the United States, Brazil, China, the Middle East and Africa.&#160;Vallourec&#160;is an important competitor in the international OCTG market, particularly for high-value premium joint products, where it operates a technology partnership for VAM<span style="vertical-align: super; line-height: inherit; font-size: 8pt;">&#174;</span>&#160;premium connections with Nippon Steel Corporation (&#8220;NSC&#8221;). Prior to the collapse in oil prices in 2014 to 2016,&#160;Vallourec&#160;increased its production capacity by building mills in Brazil (jointly with NSC) and Youngstown, Ohio, acquiring three tubular businesses in the United States and Saudi Arabia, and concluding an agreement with a Chinese seamless steel producer,&#160;Tianda&#160;Oil Pipe Company (&#8220;Tianda&#8221;) to distribute products from&#160;Tianda&#160;in markets outside China. In early 2016, in response to accumulating losses,&#160;Vallourec&#160;announced a $1 billion capital increase, more than half of which was provided by a French government fund and NSC, who each agreed to increase their equity participation to 15%. At the same time, an industrial restructuring program was announced under which&#160;Vallourec&#160;reduced capacity in Europe, closing its rolling mills in France, combined its operations in Brazil with that of the new mill held with NSC, acquired a majority position in&#160;Tianda&#160;and bought out the remaining minority interest, and strengthened its cooperation with NSC for the development and testing of premium connection products and technology. Despite this restructuring program,&#160;Vallourec&#8217;s&#160;losses continued and its equity position turned negative. In June 2021,&#160;Vallourec&#160;completed a further financial restructuring, in which its former shareholders, including NSC and&#160;Bpifrance&#160;(&#8220;BPI&#8221;), a French state-owned investment company, were severely diluted and its creditors, including private equity investors, assumed effective control. Under this restructuring, NSC exited its investment in the Brazilian mill and had its position in&#160;Vallourec&#160;diluted to around 3%.&#160;Subsequently, NSC also sold its equity interests in&#160;Vallourec&#8217;s&#160;U.S.&#160;operations. In&#160;2022,&#160;Vallourec&#160;confirmed&#160;that it&#160;would close&#160;its German&#160;mills&#160;during 2023&#160;and&#160;would invest&#160;EUR100 million in its Brazilian mills to enable the transfer of its specialized products for oil and gas customers from Germany to Brazil.</span></p></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0px; text-indent: 0px;"><br/></p><div style="line-height: 1.2;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;" class="pageno">47</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><br/></p><table style="width: 100%; margin-left: 0.1px; height: 415px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 74px;"><td style="width: 5%; height: 74px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="width: 95%; height: 74px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Japanese players NSC and, to a lesser extent, JFE together enjoy a significant share of the international market, having established strong positions in markets in the Far East and the Middle East. They are internationally recognized for their supply of high-alloy grade pipe products. In recent years, NSC increased its capacity to serve international markets through the construction with Vallourec of a new seamless pipe mill in Brazil, and further strengthened its ties with Vallourec through participating in Vallourec&#8217;s 2016 capital increase and combining their respective Brazilian operations. As part of the latest financial restructuring of Vallourec, NSC relinquished its participation in the Brazilian operation and ceded its reference shareholder position in Vallourec. In 2022, NSC, as part of a general restructuring of its steelmaking operations, closed one of its three seamless pipe production mills and announced that it would close its large diameter welded pipe mill and exit the large diameter welded line pipe market.</span></p></td></tr><tr style="height: 62px;"><td style="height: 62px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 62px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In recent years, TMK, a Russian company, led the consolidation of the Russian steel pipe industry, invested to modernize and expand its production capacity in Russia and expanded internationally through acquisitions into Eastern Europe and the United States. TMK also expanded in the Middle East through the acquisition of a controlling interest in Gulf International Pipe Industry LLC (&#8220;Gulf International Pipe&#8221;), a welded pipe producer in Oman. More recently, however, TMK adopted a strategy of monetizing its international assets by reducing its participation in Gulf International Pipe and selling IPSCO to<span style="line-height: inherit;">&#160;</span>Tenaris, as well as strengthening its position in its domestic market by acquiring<span style="line-height: inherit;">&#160;</span>Chelpipe, the second Russian producer of seamless pipes in 2021. In 2022, following the Russian invasion of Ukraine, the American Petroleum Institute (&#8220;API&#8221;) withdrew its license for products produced in<span style="line-height: inherit;">&#160;</span>TMK&#8217;s<span style="line-height: inherit;">&#160;</span>mills in Russia.&#160;Russian producers or their controlling shareholders are now subject to U.S., EU and UK sanctions, among others, and are now largely prevented from competing in several markets.</span></p></td></tr><tr style="height: 103px;"><td style="height: 103px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 103px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Over the past two decades, Chinese producers increased production capacity substantially and strongly increased their exports of steel pipe products around the world. Due to unfair trading practices, many countries, including the United States, the European Union, Canada, Mexico and Colombia, have imposed anti-dumping restrictions on Chinese imports to those regions. In 2009, the largest Chinese producer of seamless steel pipes,<span style="line-height: inherit;">&#160;</span>Tianjin<span style="line-height: inherit;">&#160;</span>Pipe (Group) Corporation Limited (&#8220;TPCO&#8221;), announced a plan to build a new seamless pipe facility in the United States in Corpus Christi, Texas; heat treatment and pipe finishing facilities have been constructed but steelmaking and hot rolling facilities have not been completed. As part of a financial restructuring, a 51% shareholding in TPCO was sold to Shanghai Electric Group and has now been sold on to<span style="line-height: inherit;">&#160;</span>Citic<span style="line-height: inherit;">&#160;</span>Group Corporation Ltd. (&#8220;Citic&#8221;), a state-owned conglomerate. Although producers from China compete primarily in the &#8220;commodity&#8221; sector of the market, several of these producers, including<span style="line-height: inherit;">&#160;</span>Baosteel<span style="line-height: inherit;">&#160;</span>and TPCO, have developed and are selling more sophisticated products, particularly in the domestic market.</span></p></td></tr><tr style="height: 128px;"><td style="height: 128px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 128px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The tubes and pipes business in the United States and Canada has experienced significant consolidation over the years, while new players have also emerged. In recent years, Tenaris constructed a greenfield seamless pipe mill at Bay City, Texas and acquired IPSCO from TMK in January 2020, becoming the leading seamless pipe producer in the United States, while U.S. Steel integrated its seamless pipe business by building an EAF steel shop in Fairfield, Alabama, which started up in late 2020. At the same time, many new players have built, or announced plans to build, pipe mills in the United States. These include, in addition to TPCO, Boomerang LLC, a company formed by a former Maverick executive that opened a welded pipe mill in Liberty, Texas, in 2010, now known as PTC Liberty Tubulars and part of the PTC Alliance; Benteler, a European seamless pipe producer that built a new seamless pipe mill in Louisiana, which opened in September 2015; and a plethora of welded pipe mills established by subsidiaries of foreign pipe producers, such as SeAH Steel (&#8220;SeAH&#8221;), of Korea and JSW Group (&#8220;JSW&#8221;), of India. North American pipe producers are largely focused on supplying the U.S. and Canadian markets, where they have their production facilities. In Canada, Tenaris closed its Prudential welded pipe mill in Calgary in 2020 and integrated a welded pipe production line at its seamless pipe mill in Sault Ste. Marie, Ontario in 2022.</span></p></td></tr><tr style="height: 31px;"><td style="height: 31px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 31px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Korean welded pipe producers, who have a limited domestic market, have targeted the U.S. market for standard applications. They have gained a significant market position, despite the application of anti-dumping duties for unfair trading practices and being subject to Section 232 quotas. One of them,<span style="line-height: inherit;">&#160;</span>SeAH, has acquired and built local welded pipe production facilities in the United States.</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tubos<span style="line-height: inherit;">&#160;</span>Reunidos<span style="line-height: inherit;">&#160;</span>S.A. (&#8220;Tubos<span style="line-height: inherit;">&#160;</span>Reunidos&#8221;) of Spain,<span style="line-height: inherit;">&#160;</span>Benteler<span style="line-height: inherit;">&#160;</span>of Germany and<span style="line-height: inherit;">&#160;</span>Voest<span style="line-height: inherit;">&#160;</span>Alpine A.G. (&#8220;Voest<span style="line-height: inherit;">&#160;</span>Alpine&#8221;) of Austria each have a significant presence in the European market for seamless steel pipes for industrial applications.<span style="line-height: inherit;">&#160;</span>Voest<span style="line-height: inherit;">&#160;</span>Alpine also has a relevant presence in the U.S. and Canadian OCTG markets and some other international OCTG markets. In 2016,<span style="line-height: inherit;">&#160;</span>Tubos<span style="line-height: inherit;">&#160;</span>Reunidos<span style="line-height: inherit;">&#160;</span>opened an OCTG threading facility targeting international markets. In 2006,<span style="line-height: inherit;">&#160;</span>ArcelorMittal<span style="line-height: inherit;">&#160;</span>S.A. (&#8220;ArcelorMittal&#8221;) created a tubes division through several acquisitions and has mills in North America, Eastern Europe, Venezuela, Algeria and South Africa and has built a seamless pipe mill in Saudi Arabia.</span></p></td></tr></tbody></table><br/><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">48</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><br/><table style="width: 100%; margin-left: 0.1px; height: 86px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse;"><tbody><tr style="height: 86px;"><td valign="top" style="vertical-align: top; text-align: center; height: 86px; width: 5%;">&#8226;</td><td valign="top" style="vertical-align: top; height: 86px; width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the Middle East, particularly in Saudi Arabia, which has implemented policies to encourage local production for its oil and gas industry, several pipe mills were established, including a seamless pipe mill built by<span style="line-height: inherit;">&#160;</span>Jubail<span style="line-height: inherit;">&#160;</span>Energy Services Company (&#8220;JESCO&#8221;), a company established with majority participation from a state-backed industrial development company, and a seamless pipe mill originally built by a joint venture of<span style="line-height: inherit;">&#160;</span>ArcelorMittal<span style="line-height: inherit;">&#160;</span>and local shareholders (&#8220;AMTJ&#8221;). These local players have been strengthening their capabilities and are taking an increasing share of the pipes supplied to Saudi<span style="line-height: inherit;">&#160;</span>Aramco<span style="line-height: inherit;">&#160;</span>as well as exporting to other countries in the Middle East and the rest of the world. In January 2019,<span style="line-height: inherit;">&#160;</span>Tenaris<span style="line-height: inherit;">&#160;</span>acquired a controlling 47.79% participation in SSPC, a local welded pipe producer. In 2021, JESCO and AMTJ, who were both operating with losses, combined their operations at the behest of the Saudi Public Investment Fund.&#160;</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Producers of steel pipe products can maintain strong competitive positions in markets where they have their pipe manufacturing facilities due to logistical and other advantages that permit them to offer value-added services and maintain strong relationships with domestic customers, particularly in the oil and gas sectors. Our subsidiaries have established strong ties with major consumers of steel pipe products in their home markets, reinforced by Rig Direct<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> services, as discussed above.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Capital Expenditure Program</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">During 2022, our capital expenditures, including investments at our plants and information systems (&#8220;IT&#8221;), amounted to $378 million, compared to $240 million in 2021 and $193 million in 2020. Of all capital expenditures made during 2022, $346 million were invested in tangible assets, compared to $214 million in 2021 and $168 million in 2020.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In 2022, we increased investments in alternative energies and focused on consolidating our position in North America, enhancing efficiency to achieve full capacity in all our Industrial plants and increasing product differentiation.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The major highlights of our capital spending program during 2022 included: </span></p><table style="width: 100%; margin-left: 0.1px; height: 136px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse;"><tbody><tr style="height: 17px;"><td style="width: 5%; height: 17px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="width: 95%; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">efficiency improvements focused on steel making, heat treatment and hot rolling processes fostering the integrations in our North American plants, consolidating Tenaris&#8217;s position;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">productivity improvement and revamping on existing welded lines in Brazil and Argentina to strengthen our competitiveness in pipes of large outside diameter and local market;</span></p></td></tr><tr style="height: 34px;"><td style="height: 34px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 34px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">increasing product and service differentiation, reinforcing our production capabilities for our Dopeless connection products, the increase of capacity on special steel pipes and on automotive components (Qingdao in China and Tamsa in Mexico), and the acquisition of new equipment for fracturing services;</span></p></td></tr><tr style="height: 34px;"><td style="height: 34px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 34px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">the revamping and upgrade of our existing lines to improve the standards of industrial efficiency and safety, including the increase of capacity in the coupling mills (Tamsa in Mexico, Siderca in Argentina and Tubos del Caribe in Colombia), and our HSE continuous improvement program (including the ongoing overhead cranes replacement);</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">the ongoing construction of a wind farm in Argentina and initial actions in other countries to achieve the target of reducing carbon emissions intensity by 30% by 2030 compared to a 2018 baseline; <span style="font-style: italic; line-height: inherit;">and</span></span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">offices redesign project aligning our workspace to the new way of working.</span></p></td></tr></tbody></table><p style="line-height: 1.2; margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Investments in information systems and other intangible assets totaled $32 million in 2022, compared to $26 million in 2021 and $26 million in 2020.<br/></span></span></p><p style="line-height: 1.2; margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The focus of our IT capital-spending program has been set on four drivers:</span></p><table style="width: 100%; margin-left: 0.1px; height: 52px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse;"><tbody><tr style="height: 15px;"><td style="width: 5%; 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height: 10px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">risk mitigation, operational continuity and<span>&#160;</span>cybersecurity;<span>&#160;</span><span style="font-style: italic; line-height: inherit;">and</span></span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: top; text-align: center; height: 17px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 17px;" valign="top"><p><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">process simplification and efficiency.</span></p></td></tr></tbody></table><div><p style="margin:0pt"><br/></p><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">49</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; 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These investments will enable Tenaris to be faster and more flexible in the current market context and to sustain its industrial excellence.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capital expenditures are expected to increase to around $650 million in 2023, mainly due to projects that are expected to contribute to our 2030 target for reducing the carbon emission intensity of our operations. In addition to our ongoing investment in a wind farm in Argentina, we will make investments that are expected to improve energy efficiency in Italy, Romania and Argentina, among others.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Additionally, the investment program for 2023 includes:</span></p><table style="width: 100%; margin-left: 0.1px; height: 105px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 10px;"><td style="width: 5%; vertical-align: top; text-align: center; height: 10px;" valign="top">&#8226;</td><td style="width: 95%; vertical-align: top; height: 10px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">the increase of productivity, safety and CO<span style="vertical-align: sub; line-height: inherit; font-size: 8pt;">2</span><span style="line-height: inherit;">&#160;</span>reduction in several Tenaris facilities, in particular the replacement of Siderca&#8217;s electric arc furnace number 4 by a Consteel<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> electromagnetic stirring furnace;</span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: top; text-align: center; height: 17px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 17px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">the revamping of the current exhaust fumes system in the Koppel Steel Shop in the United States;</span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: top; text-align: center; height: 10px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 10px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">the replacement of the<span style="line-height: inherit;">&#160;</span>austenitizing<span style="line-height: inherit;">&#160;</span>furnace (Nassheuer<span style="line-height: inherit;">&#160;</span>furnace) in<span style="line-height: inherit;">&#160;</span>Dalmine, Italy with a new gas furnace, aiming at increasing heat treatment capacity, productivity and product feasibility range, and reducing transformation costs and CO<span style="vertical-align: sub; line-height: inherit; font-size: 8pt;">2</span><span style="line-height: inherit;">&#160;</span>emissions;</span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: top; text-align: center; height: 17px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 17px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">the construction of new threading facilities, including a swaging line and offices in Abu Dhabi;</span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: top; text-align: center; height: 17px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 17px;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">the completion of the<span>&#160;</span>Dopeless<span style="font-size: 8pt;"><sup>&#174;</sup></span> migration to the 3.x plan;<span>&#160;</span><span style="font-style: italic; line-height: inherit;">and</span></span></p></td></tr><tr style="height: 34px;"><td style="vertical-align: top; text-align: center; height: 34px;" valign="top">&#8226;</td><td style="vertical-align: top; height: 34px;" valign="top"><p style="line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">the offices redesign project aligning our workspace to the new way of working (after finishing the pilot projects, the first stage of the program covers the renovation of 12 offices used by more than 650 people in Mexico, the U.S., Argentina, the UK, Canada and Abu Dhabi).</span></p></td></tr></tbody></table><p style="margin: 0pt 0pt 12pt; break-after: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/>Raw Materials and Energy </span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The majority of our seamless steel pipe products are manufactured in integrated steelmaking operations using the electric arc furnace route, with the principal raw materials being steel scrap, DRI, HBI, pig iron and ferroalloys. In Argentina we produce our own DRI from iron ore using natural gas as a reductant. Our integrated steelmaking operations consume significant quantities of electric energy, purchased from the local market, and in part produced by our thermo-electric power generating plant. Our welded steel pipe products are processed from purchased steel coils and plates.</span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The weight of the different steelmaking raw materials and steel vary with the proportion of seamless and welded pipes in the total production mix and among the different production facilities in our industrial system, as well as the specifications of the final products and other factors. On average, in 2022, steel scrap, pig iron, HBI and DRI represented approximately 30% of our steel pipe products&#8217; costs, while purchased steel in the form of billets or coils represented approximately 14%, with direct energy accounting for approximately 6%.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The above raw material inputs are subject to price volatility caused by supply, political and economic situations, financial variables and other unpredictable factors. For further information on price volatility, see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; Increases in the cost of raw materials, energy and other costs, limitations or disruptions to the supply of raw materials and energy, and price mismatches between raw materials and our products may hurt our profitability&#8221;. The costs of steelmaking raw materials and of steel coils and plates, increased on average in 2021 compared to 2020 and were subject to high levels of volatility during 2022 as they were affected by the Russian-Ukraine armed conflict and the sanctions being imposed on Russian individuals, companies and institutions. For more information see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; The Russia-Ukraine armed conflict may adversely affect our operations&#8221;.</span></p><div style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Steel scrap, pig iron and HB</span><span style="font-style: italic; line-height: inherit;">I</span></span></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Steel scrap, pig iron and HBI for our steelmaking operations are sourced from local, regional and international suppliers. In Argentina we produce our own DRI and source ferrous scrap domestically through a wholly owned scrap collecting and processing subsidiary. In Italy we purchase pig iron and ferrous scrap from local and regional markets. In Mexico we import our pig iron and HBI requirements and purchase scrap from domestic and international markets. In Romania we source ferrous scrap mainly from the domestic market and we import pig iron. In the United States, we source scrap from the local market to supply our steelmaking facility, and also source pig iron from international markets.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">50</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table></div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 10pt 0pt; text-indent: 0pt;"><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">International prices for steel scrap, pig iron and HBI can vary substantially in accordance with supply and demand conditions.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Annual scrap prices decreased slightly in 2022, but remained at very high levels compared to historical averages. As a reference, prices for Scrap Shredded U.S. East Coast, published by Platts, averaged $429 per ton in 2022 and $441 per ton in 2021, while it averaged $260 per ton in 2020. Scrap prices spiked as a consequence of the Russian invasion of Ukraine due to the relevance of both countries as exporters of semi-finished steel and pig iron. In 2022, Brazil became the largest pig iron supplier to the United States as supply from Russia and Ukraine decreased significantly. As the global economy growth began to decelerate, prices decreased during the second half of 2022.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Iron ore</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We consume iron ore in the form of pellets for production of DRI in Argentina. Siderca&#8217;s consumption of iron ore during 2022 was approximately 972 thousand tons, supplied by Vale International S.A. and Samarco Minera&#231;&#227;o S.A. from Brazil, and Iron Ore Company (&#8220;IOC&#8221;) from Canada. Annual iron ore prices dropped during 2022 in comparison to 2021, but remained at very high levels compared to historical averages. As a reference, prices for IODEX 62% Fe Index, published by Platts, averaged $120 per ton in 2022 and $160 per ton in 2021, in comparison to $108 in 2020. In January 2022, 62% Fe Iron ore prices, published by Platts, averaged $131 per ton. Supported by a recovery in global steel production, prices reached an average of $151 per ton in March 2022. However, due to a contraction in China's steel production during the second half of the year and a decline in global steel demand, prices fell to values below $100 per ton. Since November 2022, prices of iron ore have recovered on expectations of a rebound in steel production and demand in 2023, returning to levels of around $123 per ton. The DRI pellet market started with a supply squeeze in 2022 as Ukrainian exports were affected by the conflict and India imposed heavy export tariffs. Since mid-year, the market suffered from weak demand mainly by European and Asian purchasers. Pellet premiums averaged $72 per ton in 2022, around 20% above 2021 levels. Prices are expected to decrease in 2023 as India has now removed the export tariffs, and demand from Europe could remain weak at least until the second quarter of 2023.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Round steel bars</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We mainly satisfy our steel bars and ingots requirements with materials produced in our steelmaking facilities in Argentina, Italy, Mexico, Romania and the United States. We complement this internal supply with purchases of steel bars and ingots from third parties as required, and particularly for use in our seamless steel pipe facilities in Canada and the United States and to supplement production from our steel shop in Mexico.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In Canada, we mainly source our steel bars requirements from our integrated facilities in Argentina, Italy, Mexico, Romania and United States. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In Mexico, we source additional steel bars from Ternium&#8217;s Mexican facilities under a one-year agreement ending in April 2023, renewable for an additional year. Currently, the Company is assessing alternatives for sourcing these materials, including a renegotiation of the contract with Ternium.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the United States, following the acquisition of IPSCO in 2020, we own a steel shop facility in Koppel, Pennsylvania. After having completed certain investments in 2021, this facility provides part of the steel bars required by our Bay City and Ambridge mills. We also use steel bars produced in our integrated facilities in Romania, Italy and Mexico. These imports have been granted an exclusion from Section 232 tariffs, and we have recently received a one year exclusion for the import of steel bars from Argentina. Additionally, we have a contract in place with Nucor Steel to purchase a portion of the steel bar requirements in our Bay City mill.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In Japan, following the termination of our joint venture and the closure of the NKKTubes plant, JFE agreed to provide us with 13 Chrome alloy products for two years, while we advance with the investments required to produce such materials in the rest of our industrial system. For further information on the termination of the NKKTubes joint venture, please refer to note 35 &#8220;Other relevant information - <span style="font-style: italic;">Agreement to terminate NKKTubes joint venture</span>&#8221; of our audited consolidated financial statements included in this annual report.</span></p><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Steel coils and plates</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For the production of welded steel pipe products, we purchase steel coils and steel plates principally from domestic producers for processing into welded steel pipes. We have welded pipe operations in Argentina, Brazil, Canada, Colombia, Saudi Arabia and the United States.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">After reaching all-time highs in 2021, the steel coil market prices in 2022 decreased 35%. As a reference, prices for hot rolled coils, HRC Midwest USA Mill, published by CRU, averaged $1,128 per metric ton in 2022 and $1,734 per metric ton in 2021.</span></p><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For our welded pipe operations in the United States, a significant part of our requirements for steel coils are supplied by Nucor Steel which is our principal supplier in the United States. Nucor Steel has a steel coil manufacturing facility in Hickman, Arkansas, near to our principal welded pipe facility in the United States. To secure a supply of steel coils for our U.S. facilities, during 2022 we renewed a long-term purchase agreement with Nucor Steel which is due to expire at the end of 2024. During 2022, we also diversified the sourcing of these materials to include Ternium and Big River Steel.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">51</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In Canada, we have restarted negotiations with the main local suppliers to reach long-term agreements for our welded pipe operations. Among such suppliers are ArcelorMittal Dofasco, which has steel coil manufacturing facilities in Hamilton, Ontario, and Algoma Steel, which has steel coil manufacturing facilities in Sault Ste. Marie, Ontario. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We also purchase steel coils and plates for our welded pipe operations in South America (Colombia, Brazil and Argentina) principally from Usiminas, Gerdau S.A. and ArcelorMittal Tubar&#227;o in Brazil, from Ternium Argentina S.A. (&#8220;Ternium Argentina&#8221;), a subsidiary of Ternium in Argentina, and from Ternium&#8217;s facilities in Mexico. In addition, in Brazil we also source plates and coils from international suppliers when not produced domestically. In Saudi Arabia, we mainly purchase steel coils and plates from the local market.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Energy</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We consume substantial quantities of electric energy, mainly at our electric steel shops in Argentina, Italy, Mexico, Romania and the United States.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In Argentina, our local electric energy requirements are satisfied through purchases in the local market and by a 35-megawatt thermo-electric power generating plant located within the Campana facility. In Dalmine, Italy, we have a 120-megawatt power generation facility which is designed to have sufficient capacity to meet most of the electric power requirements of the operations. The additional energy needed to cover the peaks of consumption and the excess energy produced are purchased and sold to the market while heat is sold for district heating. In Mexico, our electric power requirements are mainly satisfied by Techgen, a natural gas-fired combined cycle electric power plant in the Pesquer&#237;a area of the State of Nuevo Le&#243;n, while a small portion of our energy requirements are furnished by the Mexican government-owned CFE. In the last few years, the Mexican government made various attempts to modify rules and regulations governing the energy market in Mexico with potential impact on the energy supply and its cost. For more information see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; Adverse economic or political conditions in the countries where we operate or sell our products and services may decrease our sales or disrupt our manufacturing operations, thereby adversely affecting our revenues, profitability and financial condition&#8221;. In Romania and the United States, we source electric energy from the local market.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We consume substantial volumes of natural gas in Argentina, for the generation of DRI in addition to the requirements for producing seamless pipes. Tecpetrol, a San Faustin subsidiary, is our main natural gas supplier in Argentina under market conditions and according to local regulations.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We have transportation capacity agreements with Transportadora de Gas del Norte S.A. (&#8220;TGN&#8221;), a company in which San Faustin holds a significant but non-controlling interest, corresponding to capacity of 1,000,000 cubic meters per day until April 2027. In order to meet our transportation requirements for natural gas above volumes contracted with TGN, we also have agreements with Naturgy S.A. (&#8220;Naturgy&#8221;), for a maximum transportation capacity corresponding to approximately 970,000 cubic meters per day. For the final transportation phase, we also have a supply contract with Naturgy. Both contracts with Naturgy are in place until April 2023 and are expected to be renewed.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition to the amount of gas consumed at our Italian plants, we also require a substantial volume of natural gas to feed our power generation facility in Italy. Our natural gas requirements for the power generation facility are currently supplied by Edison Energia S.p.A while the natural gas consumed at our Italian plants is supplied by Eni S.p.A. </span></p><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our costs for electric energy and natural gas vary from country to country. Prior to late 2021, energy costs remained generally flat due to the increasing availability of natural gas from shale plays and additional renewable energy generation at more competitive prices. In a context of uncertainty regarding future energy prices, in December 2020, the Argentine government launched a new gas plan to increase natural gas supply following a drop from the maximum levels reached in 2019. Because winter demand for natural gas continues to outpace supply, Argentina is required to import natural gas from Bolivia, Chile and LNG from the international market at high prices, in addition to using liquid fuel to generate electricity. In an international context of higher gas prices and reduced availability, Argentina may be exposed to restrictions in winter, which would affect our operations. In late 2021 energy and gas prices increased, particularly in Europe. The Russian invasion of Ukraine led to renewed volatility in energy commodity prices, accelerated by the low level of inventories throughout the first half 2022, reaching a peak in late August and then slowly stabilizing at high levels. In early 2023, European electricity prices fell <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">to pre-war levels,&#160;</span>thanks to lower gas prices, mainly due to a particularly mild winter. Due to milder temperatures, a decrease in demand for gas and the activation of alternative energy, the filling of gas storage facilities in the EU countries remains high. See &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; Increases in the cost of raw materials, energy and other costs, limitations or disruptions to the supply of raw materials and energy; and price mismatches between raw materials and our products may hurt our profitability&#8221;, &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; Adverse economic or political conditions in the countries where we operate or sell our products and services may decrease our sales or disrupt our manufacturing operations, thereby adversely affecting our revenues, profitability and financial condition&#8221;, and for more information on the impact on our business of the armed conflict in Ukraine, see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; The Russia-Ukraine armed conflict may adversely affect our operations&#8221;.</span></p><p style="line-height: 12pt; margin: 0pt;"><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">52</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tenaris is building a wind farm in Argentina at a cost of approximately $200 million which is expected to reduce our CO<span style="vertical-align: sub; line-height: inherit; font-size: 8pt;">2</span><span style="vertical-align: sub; line-height: inherit;">&#160;</span>emissions in that country by around 150,000 tons per year and supply close to 50% of the electric energy requirements at our Siderca integrated seamless pipe mill.</span><br/></p><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Ferroalloys</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The purchase of ferroalloys is coordinated globally to ensure supply for each of our steel shops. International prices of ferroalloys can vary substantially within a short period of time.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Prices for the main ferroalloys consumed by Tenaris increased significantly during the first half of 2022 (reaching highest levels since 2008). In the second half of 2022 prices suffered a sharp drop but still remained above pre- pandemic levels.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The main drivers for the price peak seen in the first half of 2022 were the world&#8217;s economic recovery after the COVID-19 pandemic, supporting increased steel production coupled with supply disruptions due to the Russia-Ukraine conflict (as both are significant ferroalloy producers).</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">During the second half of 2022 global steel production slowed, especially in Europe as several mills shut down their furnaces due to high energy costs and lower steel demand. In China, demand was also affected by the country&#8217;s restrictive COVID-19 policies. As a result, ferroalloy prices decreased on lower demand. Molybdenum prices, however, remained strong and rose considerably mainly due to supply shortages from many mining companies that are struggling with quality issues and labor shortages, as well as better supported demand from both the oil and gas industry and the automotive sector&#180;s continued production recovery as component shortages subside.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Product Quality Standards</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our steel products (tubular products, accessories and sucker rods) are manufactured in accordance with the applicable specifications of the American Petroleum Institute (&#8220;API&#8221;), the American Society for Testing and Materials (&#8220;ASTM&#8221;), the International Standardization Organization (&#8220;ISO&#8221;), and European Standards (&#8220;EN&#8221;), among other standards. The products must also satisfy our proprietary standards as well as our customers&#8217; requirements. We maintain an extensive quality control and assurance program to guarantee that our products and services consistently meet proprietary and industry standards bringing a high level of competitiveness.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We currently maintain, for all our manufacturing facilities and service centers, a Quality Management System certified to ISO 9001 by Lloyd&#8217;s Register Quality Assurance and API product licenses granted by API, which are requirements for selling to the major oil and gas companies and have rigorous quality standards. In addition, the majority of our testing laboratories are certified to ISO 17025. Our Quality Management System (&#8220;QMS&#8221;), based on ISO 9001, API Q1 and API Q2 specifications, guarantees that products and services comply with customer requirements from the acquisition of raw materials to the delivery of the final product and services. The QMS is designed to ensure the reliability and improvement of the product and the manufacturing operations processes as well as the associated services. Additionally, we have certified the QMS to API Q2 at certain locations, a certification specifically developed for companies that offer services in the oil and gas industry. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All of our mills involved in the manufacturing of material for the automotive market are certified according to the standard IATF 16949 by Lloyd&#8217;s Register Quality Assurance.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Research and Development </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">R&amp;D of new products and processes to meet the increasingly stringent requirements of our customers is an important aspect of our business.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">R&amp;D activities are carried out primarily at our global R&amp;D network managed and coordinated through its main office in Amsterdam, the Netherlands and specialized research and testing facilities located in Campana, Argentina, in Veracruz, Mexico and in Dalmine, Italy. Additionally, we have a Technology Center in Houston, Texas, where we develop our TenarisHydril Wedge technology. Our R&amp;D capabilities are expanded through the engagement and collaboration with some of the world&#8217;s leading industrial research institutions to solve the problems posed by the complexities of oil and gas, automotive and mechanical pipe projects with innovative applications. In addition, our global Product Engineering and Technical Sales team is made up of experienced engineers who work with our customers to identify solutions for each particular oil and gas drilling environment.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">53</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><p style="margin:0pt"><br/></p><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Product R&amp;D currently being undertaken is focused on the challenging energy markets, which are lately characterized by increasingly efficient oil and gas activities together with growing energy transition related initiatives. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Product R&amp;D includes:</span></p><table style="width: 100%; margin-left: 0.1px; height: 170px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 16px;"><td style="width: 5%; height: 16px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="width: 95%; height: 16px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">proprietary Premium Joint products (OCTG) including Dopeless<span style="font-size: 8pt; line-height: inherit;"><sup>&#174;</sup></span> technology;</span></p></td></tr><tr style="height: 14px;"><td style="height: 14px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 14px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">proprietary steels for various applications (oil and gas drilling and transportation, hydrogen transportation and storage, carbon dioxide transportation and injection, automotive,<span style="line-height: inherit;">&#160;</span>etc.);</span></p></td></tr><tr style="height: 16px;"><td style="height: 16px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 16px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">heavy-wall<span style="line-height: inherit;">&#160;</span>deepwater<span style="line-height: inherit;">&#160;</span>line pipe, risers and welding technology;</span></p></td></tr><tr style="height: 13px;"><td style="height: 13px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 13px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">tubes and components for the automotive industry and other mechanical applications;</span></p></td></tr><tr style="height: 18px;"><td style="height: 18px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 18px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">large vessels for hydrogen storage and refueling stations;</span></p></td></tr><tr style="height: 15px;"><td style="height: 15px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 15px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">tubes for boilers;</span></p></td></tr><tr style="height: 12px;"><td style="height: 12px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 12px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">welded pipes for oil and gas and other applications;</span></p></td></tr><tr style="height: 15px;"><td style="height: 15px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 15px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">sucker rods;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">coiled tubing;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">coatings;<span style="line-height: inherit;">&#160;</span><span style="font-style: italic; line-height: inherit;">and</span></span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">new <span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">low-carbon products and services for potentially fast-growing segments like hydrogen transportation and storage, CCS and geothermal energy</span>.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition to R&amp;D aimed at new or improved products, we continuously study opportunities to optimize our manufacturing processes. Recent projects in this area include hardware, algorithms and numerical modeling applied to rolling, heat treatment, non-destructive testing and finishing processes and the development of different process controls, with the goal of reducing energy consumption, reducing rejects, improving product quality and productivity at our facilities. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We seek to protect our innovations and developments in products and processes through patents, trade secrets, trademarks and other intellectual property tools that allow us to keep our competitiveness and differentiate ourselves from our competitors.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We spent $50.7 million in R&amp;D in 2022, compared to $45.3 million in 2021 and $41.8 million in 2020.</span></p><p style="margin: 0pt 0pt 10pt; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Capitalized costs were not material for the years 2022, 2021 and 2020.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Environmental</span><span style="font-weight: bold; line-height: inherit;">, Social and Governance (&#8220;ESG&#8221;)</span><span style="font-weight: bold; line-height: inherit;">Regulation</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We are subject to a wide range of local, provincial and national laws, regulations, permit requirements and decrees relating to environmental, social and governance matters, including laws and regulations relating to climate-change mitigation, use of resources, hazardous materials and radioactive materials, and air emissions, water discharges and waste management; legislation on human rights and modern slavery; human capital, including equal opportunity, gender and disabilities equality, working conditions, work-life balance, and labor market access; and applicable rules on internal control and risk management, anti-corruption, business partner relationship management and other governance issues. For more information on the Company&#8217;s governance practices and applicable regulation, see &#8220;Directors, Senior Management and Employees<span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">&#8221; and &#8220;Corporate Governance Statement &#8211; Corporate Governance&#8221;.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">ESG regulation has been evolving over the past years and is expected to continue to evolve in the future, particularly with respect to environmental matters. Laws and regulations protecting the environment have become increasingly complex and more stringent and expensive to implement in recent years. Environmental requirements vary from one jurisdiction to another adding complexity to the operations of global companies, such as Tenaris.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">54</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Paris Agreement, adopted at the 2015 United Nations Climate Conference, sets out the global framework to limit the rising temperature of the planet and to strengthen the countries&#8217; ability to deal with the effects of climate change. In order to achieve climate neutrality by the year 2050, the European Commission has laid out several action plans, such as the EU climate adaptation strategy, sustainable finance policies and the raw materials alliance.&#160;In addition, the EU Non-Financial Reporting Directive provides the legal framework for annual disclosure of non-financial information and, the EU Taxonomy Regulation establishes a classification system for environmentally sustainable economic activities, laying out definitions to businesses, stakeholders and policymakers on which economic undertakings can be considered environmentally sustainable and requiring companies to disclose, in the annual reports, how environmentally sustainable their economic activities are. More recently, as part of the European Green Deal, the EU adopted the Corporate Sustainability Reporting Directive, which requires European large companies and listed issuers to disclose information on their risks and opportunities arising from social and environmental issues, and on the impacts of their activities on people and the environment. In the case of Tenaris, the EU Corporate Sustainability Reporting Directive will apply with respect to the Company&#8217;s 2024 annual report and will replace non-financial disclosure obligations under the EU Non-Financial Reporting Directive.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Similarly, in response to an increasing investor focus and reliance on climate and ESG-related disclosure and investment, the SEC announced in March 2021 the creation of a Climate and ESG Task Force to identify ESG-related misconduct and potential violations, and in March 2022, the SEC proposed rule changes that would require registrants to include certain climate-related disclosures in their periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements. The SEC&#8217;s proposal on climate-change disclosure has received strong pushback from investors, companies and lawmakers. Although the revised rules have not been adopted yet, they evidence the SEC&#8217;s increased concern and focus ESG-related matters.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For more information on the impact of climate change legislations, increasing regulatory requirements and significant technology and market changes, see &#8220;Key Information &#8211; Risk Factors - Risks Relating to Our Business and Industry &#8211; Climate change legislation and increasing regulatory requirements aimed at transitioning to a lower-carbon economy may reduce demand for our products and services and result in unexpected capital expenditures and costs, and negatively affect our reputation&#8221;. For more information on the steps taken by Tenaris to address climate change challenges, see &#8220;Operating and Financial Review and Prospects &#8211; Overview &#8211; Climate Change&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The ultimate impact of complying with ESG regulations, in particular with applicable environmental regulation, is not always clearly known or determinable because certain laws and regulations have been evolving in the past years or are under constant review by competent authorities. The expenditures required to comply with these laws and regulations, including site or other remediation costs, or costs incurred from potential environmental liabilities, could have a material adverse effect on our financial condition and profitability. While we incur, and will continue to incur, in expenditures to comply with applicable laws and regulations, there always remains a risk that environmental incidents or accidents may occur that may negatively affect our reputation or our operations. For more information on risks and costs related to compliance with environmental regulation and product liability, see &#8220;Key Information &#8211; Risk Factors - Risks Relating to Our Business and Industry &#8211; The cost of complying with environmental regulations and potential environmental and product liabilities may increase our operating costs and negatively impact our business, financial condition, results of operations and prospects&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Compliance with applicable ESG regulation is of utmost importance to the Company and a significant factor in our industry and business. We have not been subject to any significant penalty for any material violation of applicable ESG regulations, including for any material violation of environmental laws and regulations in 2022, 2021 and 2020 and we are not aware of any current material legal or administrative proceedings pending against us with respect to ESG matters, which could have an adverse material impact on our financial condition or results of operations.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Insurance</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We carry property damage, general liability and certain other insurance coverage in line with industry practice. However, we do not carry business interruption insurance. Our current general liability coverage includes third party, employers, sudden and accidental seepage and pollution and product liability, up to a limit of $300 million. Our current property insurance has an indemnification cap up to $250 million for direct damage, considering all plants; and a deductible of $75 million.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">55</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Disclosure Pursuant to Section</span><span style="font-weight: bold; line-height: inherit;">&#160;</span><span style="font-weight: bold; line-height: inherit;">13(r) of the Exchange Act </span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Tenaris</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Iran Threat Reduction and Syria Human Rights Act of 2012, created a new subsection (r)&#160;in Section&#160;13 of the U.S. Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), which requires a reporting issuer to provide disclosure if the issuer or any of its affiliates knowingly engaged in certain enumerated activities relating to Iran, including activities involving the Government of Iran. The Company is providing the following disclosure pursuant to Section&#160;13(r) of the Exchange Act.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In July 2015, the Islamic Republic of Iran entered into the Joint Comprehensive Plan of Action (&#8220;JCPOA&#8221;) with China, France, Germany, Russia, the United Kingdom and the United States, which resulted in the partial lifting in January 2016 of certain sanctions and restrictions against Iran, including most U.S. secondary sanctions against such country. On May 8, 2018, the United States announced that it would cease participation in the JCPOA and would begin re-imposing nuclear-related sanctions against Iran after a wind-down period. Following the U.S. withdrawal from the JCPOA, the European Union updated Council Regulation (EC) No. 2271/96 of 22 November 1996 (the &#8220;EU Blocking Statute&#8221;), to expand its scope to cover the re-imposed U.S. nuclear-related sanctions. The EU Blocking Statute aims to counteract the effects of the U.S. secondary sanctions.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As previously reported, Tenaris ceased all deliveries of products and services to Iran by the end of October 2018, that is, during the wind-down period and before the full reinstatement of U.S. secondary sanctions on November 5, 2018. Tenaris has not, directly or indirectly, delivered any goods or services to Iran or Iranian companies during 2022 and does not intend to explore any commercial opportunities in Iran, nor does it intend to participate in tender offers by, or issue offers to provide products or services to, Iranian companies or their subsidiaries.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2022, the Company&#8217;s subsidiary, TGS, maintains an open balance for an advance made by Toos Payvand Co. for approximately EUR0.04 million (approximately $0.04 million) for goods that remained undelivered following the reinstatement of U.S. secondary sanctions.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All revenue and profit derived from Tenaris&#8217;s sales to Iran was recorded in the fiscal year in which such sales were performed and, therefore, no revenue and profit has been reported in connection with commercial activities related to Iran for the year ended December 31, 2022.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has procedures in place designed to ensure that its activities comply with all applicable U.S. and other international export control and economic sanctions laws and regulations.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Tenaris&#8217;s Affiliates</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Pursuant to Section 13(r) of the Exchange Act, the Company is also required to disclose whether any of its affiliates have engaged in certain Iran-related activities and transactions. No affiliate of the Company reported any Iran related activity for the year ended December 31, 2022.</span></p><div style="line-height: 1.2; margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bj_5ILMVHZWTC00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Organizational Structure and Subsidiaries</span></a></div><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We conduct all our operations through subsidiaries. The following table shows the principal subsidiaries of the Company and its direct and indirect ownership in each subsidiary as of December&#160;31, 2022, 2021 and 2020.</span><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">56</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 353px; text-indent: 0px;" width="100%"><tbody><tr style="height: 35px;"><td rowspan="2" style="padding: 0px 0px 5px; height: 45px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Company</span></p></td><td rowspan="2" style="padding: 0px 0px 5px; height: 45px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Country of Incorporation</span></p></td><td style="padding: 0px 0px 5px; height: 45px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" rowspan="2" valign="bottom"><br/></td><td rowspan="2" style="padding: 0px 0px 5px; height: 45px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Main activity</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 45px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" rowspan="2"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 35px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Percentage of ownership at December 31, (*)</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 35px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #ffffff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #ffffff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2020</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 38%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">ALGOMA TUBES INC.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 14%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Canada</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 25%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of welded and seamless steel pipes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 6%; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 6%; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 6%; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">CONFAB INDUSTRIAL S.A. and subsidiaries</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Brazil</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of welded steel pipes and capital goods</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 16px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">DALMINE S.p.A.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Italy</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of seamless steel pipes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 12px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">HYDRIL COMPANY and subsidiaries</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USA</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacture and marketing of premium connections</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 14px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 14px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">IPSCO TUBULARS INC. and subsidiaries</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USA</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">MAVERICK TUBE CORPORATION and subsidiaries</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USA</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of welded and seamless steel pipes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 16px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">P.T. SEAMLESS PIPE INDONESIA JAYA</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Indonesia</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of seamless steel products</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">89%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">89%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">89%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">S.C. SILCOTUB S.A.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Romania</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of seamless steel pipes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">SAUDI STEEL PIPE CO.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Saudi Arabia</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of welded steel pipes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">SIAT SOCIEDAD ANONIMA</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Argentina</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of welded steel pipes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 12px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (a)</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Argentina</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of seamless steel pipes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TALTA - TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Portugal</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Holding Company</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 12px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS BAY CITY, INC.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USA</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of welded and seamless steel pipes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS CONNECTIONS BV</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Netherlands</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Development, management and licensing of intellectual property</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS FINANCIAL SERVICES S.A.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Uruguay</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial company</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 15px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS GLOBAL SERVICES (CANADA) INC.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Canada</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Marketing of steel products</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 15px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 12px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">USA</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Marketing of steel products</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 12px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 16px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 16px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS GLOBAL SERVICES (UK) LTD</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">United Kingdom</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Holding company and marketing of steel products</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS GLOBAL SERVICES S.A. and subsidiaries (except detailed) (b)</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Uruguay</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Holding company, marketing and distribution of steel products</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS INVESTMENTS (NL) B.V. and subsidiaries</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Netherlands</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Holding company</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS INVESTMENTS S.&#224;r.l.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Luxembourg</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Holding company</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 11px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 11px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS QINGDAO STEEL PIPES LTD.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">China</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Processing of premium joints, couplings and automotive components</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 11px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 11px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TENARIS TUBOCARIBE LTDA.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Colombia</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of welded and seamless steel pipes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px 0px 0px 0.1px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 11px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">TUBOS DE ACERO DE MEXICO, S.A.</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mexico</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Manufacturing of seamless steel pipes</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px 0px 0px 0.1px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">100%</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><p style="line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 12.75pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 472.5pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="line-height: 10pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">(*) All percentages rounded.</span></p></td></tr><tr style="height: 12.75pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 472.5pt;"><p style="line-height: 10pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">(a) Tenaris holds 51% of NKKTubes.</span></p></td></tr><tr style="height: 12.75pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 472.5pt;"><p style="line-height: 10pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; line-height: inherit;">(b) Tenaris holds 98,4% of Tenaris Supply Chain S.A., 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of Amaja Tubular Services Limited, 60% of Tenaris Baogang Baotou Steel Pipes Ltd. and until 2021 held 49% of Tubular Services Angola Lda.</span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;"><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">57</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Other Investments</span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Ternium</span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We have a significant investment in Ternium, a Luxembourg company controlled by San Faustin, whose securities are listed on the NYSE. As of December 31, 2022, the Company held 11.46% of Ternium&#8217;s share capital (including treasury shares).</span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company is a party to a shareholders&#8217; agreement with Techint Holdings S.&#224;r.l. (&#8220;Techint Holdings&#8221;), a wholly owned subsidiary of San Faustin and Ternium&#8217;s main shareholder, dated January 9, 2006, pursuant to which Techint Holdings is required to take actions within its power to cause one of the members of Ternium&#8217;s board of directors to be nominated by the Company and any directors nominated by the Company to be removed only pursuant to previous written instructions from the Company. The Company and Techint Holdings also agreed to cause any vacancies on Ternium&#8217;s board of directors to be filled with new directors nominated by either the Company or Techint Holdings, as applicable. The shareholders&#8217; agreement will remain in effect so long as each of the parties holds at least 5% of the shares of Ternium or until it is terminated by either the Company or Techint Holdings pursuant to its terms. Carlos Condorelli was nominated by the Company as a director of Ternium pursuant to this shareholders&#8217; agreement.</span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following factors and circumstances evidence that Tenaris has significant influence over Ternium:</span></p><table style="width: 100%; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 44px; text-indent: 0px; border-collapse: collapse;"><tbody><tr style="height: 17px;"><td style="width: 5%; text-align: center; vertical-align: top; height: 17px;" valign="top">&#8226;</td><td style="width: 95%; height: 17px;"><p style="line-height: 1.2;">both the Company and Ternium are under the indirect common control of San Faustin;</p></td></tr><tr style="height: 17px;"><td style="text-align: center; vertical-align: top; width: 5%; height: 17px;" valign="top">&#8226;</td><td style="width: 95%; height: 17px;"><p style="line-height: 1.2;">four out of nine members of Ternium&#8217;s&#160;board of directors (including Ternium&#8217;s Chairman) are also members of the Company&#8217;s board of directors;</p></td></tr><tr style="height: 10px;"><td style="text-align: center; vertical-align: top; width: 5%; height: 10px;" valign="top">&#8226;</td><td style="width: 95%; height: 10px;"><p style="margin: 0px; text-indent: 0px; line-height: 1.2; break-after: avoid; text-align: justify; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">the Company is entitled to nominate one director to Ternium&#8217;s board of directors pursuant to the shareholders&#8217; agreement between the Company and Techint Holdings described above.</span></p></td></tr></tbody></table><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Usiminas</span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">At December 31, 2022, Tenaris held, through its Brazilian subsidiary Confab, 36.5 million ordinary shares and 1.3 million preferred shares of Usiminas, representing 5.19% of its shares with voting rights and 3.07% of its total share capital. </span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Confab&#8217;s acquisition of the Usiminas shares was part of a larger transaction performed on January 16, 2012, pursuant to which Tenaris&#8217;s affiliate Ternium (through certain of its subsidiaries) and Confab acquired a large block of Usiminas ordinary shares and joined Usiminas&#8217; existing control group. Subsequently, in 2016, Ternium and Confab subscribed to additional ordinary shares and to preferred shares.</span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">At December 31, 2022, the Usiminas control group held, in the aggregate, 483.6 million ordinary shares bound to the Usiminas shareholders&#8217; agreement, representing approximately 68.6% of Usiminas&#8217; voting capital. The Usiminas control group, which is bound by a long-term shareholders&#8217; agreement that governs the rights and obligations of Usiminas&#8217; control group members, is currently composed of three sub-groups: the T/T Group, comprising Confab and certain Ternium entities; the NSC Group, comprising NSC, Metal One Corporation and Mitsubishi Corporation; and Usiminas&#8217; pension fund Previd&#234;ncia Usiminas. The T/T Group holds approximately 47.1% of the total shares held by the control group (39.5% corresponding to the Ternium entities and the other 7.6% corresponding to Confab); the NSC Group holds approximately 45.9% of the total shares held by the control group; and Previd&#234;ncia Usiminas holds the remaining 7%.</span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The corporate governance rules reflected in the Usiminas shareholders&#8217; agreement include, among others, an alternation mechanism for the nomination of each of the chief executive officer (&#8220;CEO&#8221;) and the chairperson of the board of directors of Usiminas, as well as a mechanism for the nomination of other members of Usiminas&#8217; executive board. The Usiminas shareholders&#8217; agreement also provides for an exit mechanism consisting of a buy-and-sell procedure (exercisable at any time after November 16, 2022, and applicable with respect to shares held by NSC and the T/T Group), which would allow either Ternium or NSC to purchase all or a majority of the Usiminas&#8217; shares held by the other shareholder. </span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; margin: 10pt 0pt; text-indent: 0pt;">Confab and the Ternium entities party to the Usiminas shareholders&#8217; agreement have a separate shareholders agreement governing their respective rights and obligations as members of the T/T Group. Such separate agreement <span style="font-family: 'times new roman', times; font-size: 10pt;">includes, among others, provisions granting Confab certain rights relating to the T/T Group&#8217;s nomination of Usiminas&#8217; officers and directors under the Usiminas shareholders&#8217; agreement. Those circumstances evidence that Tenaris ha<span>s significant influence over Usiminas, and consequently, Tenaris accounts for its investment in Usiminas under the equity method (as defined by IAS 28).</span></span></span></p><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>On March 30, 2023, the Company&#8217;</span>s subsidiary, Confab, together with Tenaris&#8217;s affiliates Ternium Investments S.&#224;rl and Ternium Argentina, entered into a share purchase agreement to acquire from the NSC Group, pro rata to their current participations in the T/T Group,</span> 68.7 million ordinary shares of Usiminas, increasing Tenaris&#8217;s participation in the Usiminas control group to 9.8%. Upon the closing of the transaction, the existing shareholders agreement will be replaced by a new shareholders agreement setting forth a new governance structure for Usiminas. For more information on the recently announced agreement for the purchase of Usiminas shares from the NSC Group, see &#8220;Financial Information &#8211;Significant Changes&#8221;.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">58</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 9pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Techgen</span></p><p style="margin: 9pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Techgen is a Mexican joint venture company owned 48% by Ternium, 30% by Tecpetrol and 22% by Tenaris. Techgen operates a natural gas-fired combined cycle electric power plant in the Pesquer&#237;a area of the State of Nuevo Le&#243;n, Mexico. Tenaris, Ternium and Tecpetrol are parties to a shareholders&#8217; agreement relating to the governance of Techgen.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In the last few years, the Mexican government made various attempts to modify rules and regulations governing the energy market in Mexico with potential impact on the energy supply and its cost. For more information on the risks associated with the energy reform in Mexico, see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; Adverse economic or political conditions in the countries where we operate or sell our products and services may decrease our sales or disrupt our manufacturing operations, thereby adversely affecting our revenues, profitability and financial condition&#8221;.</span></p><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">GPC</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">GPC is a Saudi-German joint venture, established in 2010 and located in Jubail, Saudi Arabia, which manufactures LSAW pipes. Tenaris, through its subsidiary Saudi Steel Pipe Company (&#8220;SSPC&#8221;), currently owns 35% of the share capital of GPC. In accordance with GPC&#8217;s bylaws, SSPC&#8217;s 35% equity interest entitles SSPC to appoint four of the eleven members of the board of directors of GPC. In addition, SSPC has the ability to block any shareholder resolution.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In December 2022, EEW, a German company that owns another 35% interest in GPC, expressed its intention to sell its entire interest in GPC for a cash amount of $9.9 million. SSPC and another shareholder that owns a 20% interest in GPC exercised their respective rights of first refusal. Each such acquisition is subject to customary conditions, including competition clearance and bank consents. If both acquisitions are consummated, SSPC will acquire a 22.3% additional interest in GPC (thus totaling a 57.3% interest).</span></p><div style="margin: 0in 0in 0in 28.35pt; text-indent: -28.35pt; line-height: 12pt; break-after: avoid; font-size: 12pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bax_DOKOIBVVKG00000000000000000000" class="customBookmark"><b><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; color: #666666;">Unresolved Staff Comments</span></b></a><b><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; color: #666666;"></span></b></div><p style="margin: 0in 0in 0in 28.35pt; text-indent: -28.35pt; line-height: 12pt; break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><b><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; color: #666666;"><br/></span></b></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2; break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>None</span></span><b><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; color: #666666;"><br/></span></b></p><h2 style="font-weight: normal; line-height: 12pt; margin: 0pt 0pt 0pt 53.85pt; page-break-after: avoid; text-indent: -53.85pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bk_KFL6NPMTXC00000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Operating and Financial Review and Prospects</span></a></h2><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following discussion and analysis of our financial condition and results of operations are based on, and should be read in conjunction with, our audited consolidated financial statements and the related notes included elsewhere in this annual report. This discussion and analysis present our financial condition and results of operations on a consolidated basis. We prepare our consolidated financial statements in conformity with IFRS. IFRS differ in certain significant respects from U.S. GAAP.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Certain information contained in this discussion and analysis and presented elsewhere in this annual report, including information with respect to our plans and strategy for our business, includes forward-looking statements that involve risks and uncertainties. See &#8220;Cautionary Statement Concerning Forward-Looking Statements&#8221;. In evaluating this discussion and analysis, you should specifically consider the various risk factors identified in &#8220;Key Information &#8211; Risk Factors&#8221;, other risk factors identified elsewhere in this annual report and other factors that could cause results to differ materially from those expressed in such forward-looking statements.</span></p><div><table style="width: 100%; font-family: &quot;times new roman&quot;; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">59</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bxcx_SGC1QARMVK00000000000000000000" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="color: rgb(142, 142, 142);">Overview</span></span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">We are a leading global manufacturer and supplier of steel pipe products and related services for the energ</span><span style="font-style: italic; line-height: inherit;">y industry and other industries</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We are a leading global manufacturer and supplier of steel pipe products and related services for the world&#8217;s energy industry as well as for other industrial applications. Our customers include many of the world&#8217;s leading oil and gas companies, engineering companies engaged in constructing oil and gas gathering and processing and power facilities, and industrial companies operating in a range of industries. We operate an integrated worldwide network of steel pipe manufacturing, research, finishing and service facilities with industrial operations in the Americas, Europe, Asia and Africa and a direct presence in most major oil and gas markets.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Our main source of revenue is the sale of products and services to the oil and gas industry, and the level of such sales is sensitive to international oil and gas prices and thei</span><span style="font-style: italic; line-height: inherit;">r impact on drilling activities</span></span></p><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Demand for our products and services from the global oil and gas industry, particularly for tubular products and services used in drilling operations, represents a substantial majority of our total Tubes sales. Our sales, therefore, depend on the condition of the oil and gas industry and our customers&#8217; willingness to invest capital in oil and gas exploration and development as well as in associated downstream processing activities. The level of these expenditures is sensitive to oil and gas prices as well as the oil and gas industry&#8217;s view of such prices in the future. Prices fell to historically low levels in the wake of the COVID-19 pandemic and the accompanying collapse in global oil consumption, but subsequently recovered exceeding pre-pandemic levels, particularly in the immediate aftermath of the Russian invasion of Ukraine and the imposition of sanctions on Russian exports of oil and gas. Prices have since fallen back from their highs but global oil and LNG prices remain at levels around $80/bbl and $17 per million BTU respectively, which should support further investment in production, although North American natural gas prices (Henry Hub) have fallen below $3 per million BTU in early 2023 as production rose while the weather during the winter heating season has been unusually mild and one of the main U.S. LNG export terminals has been temporarily closed.&#160;<br/></span></p><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="background-color: #ffffff; color: #242424; line-height: inherit;">In 2020, the collapse in oil consumption and prices in the wake of the COVID-19 pandemic</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">, deeply affected</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;"> worldwide drilling activity, as represented in the number of active drilling rigs published by Baker Hughes</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">. This was particularly the case in the Americas, where, in the U</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">.</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">S</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">.</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;"> for example, drilling activity dropped 54% compared to the previous year. Drilling activity in the Americas recovered along with oil and gas prices in 2021 and 2022. The drop in drilling activity in the Eastern Hemisphere was less pronounced and took longer to manifest itself </span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">and the subsequent recovery </span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">started later and has been more gradual. </span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Prior to the 2014 downturn in oil prices, a growing proportion of exploration and production spending by oil and gas companies had been directed at offshore, deep drilling and non-conventional drilling operations in which high-value tubular products, including special steel grades and premium connections, are usually specified. The success, however, of shale drilling operators, with their inherently short investment cycles, in adapting to lower oil and gas prices and increasing production, and the increasing share of oil produced in shale plays as a proportion of global supply, has led to a slowdown in new developments of complex offshore projects with long investment lead times in a context of low and more volatile oil prices, consequently affecting the level of product differentiation. More recently, however, offshore drilling activity has increased again as exploration has continued and cost-competitive developments, like those in Brazil, Guyana, and sub-Saharan Africa, are being sanctioned and developed.</span></p><div><table style="width: 100%; font-family: &quot;times new roman&quot;; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">60</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><br/></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Our</span><span style="font-style: italic; line-height: inherit;"> business is highly competitive</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The global market for steel pipes is highly competitive, with the primary competitive factors being price, quality, service and technology. We sell our products in a large number of countries worldwide and compete primarily against European and Japanese producers in most markets outside North America. In the United States and Canada, we compete against a wide range of local and foreign producers. Over the past two decades, substantial investments have been made, especially in China but also in other regions around the world, to increase production capacity of seamless steel pipe products. Production capacity for more specialized product grades has also increased. With the downturn in the price of oil and demand for tubes for oil and gas drilling between 2014 and 2016, the overcapacity in steel pipe and seamless steel pipe production worldwide became acute, extending beyond commodity grades. This situation has been accentuated by the more recent COVID-19 induced collapse in demand and the prospect of an accelerated energy transition. The competitive environment is, as a result, intense, and we expect that this can only continue without substantial capacity reductions. Effective competitive differentiation and industry capacity closures will be key factors for Tenaris.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, there is an increased risk of unfairly traded steel pipe imports in markets in which we produce and sell our products. In September 2014, the United States imposed anti-dumping duties on OCTG imports from various countries, including South Korea. Despite the duties imposed, imports from South Korea continued at a very high level. As a result, U.S. domestic producers have requested successive reviews of South Korea&#8217;s exports, which are ongoing. At the same time South Korean producers have appealed the duties imposed. Similarly, in Canada, the Canada Border Services Agency introduced anti-dumping duties on OCTG imports from South Korea and other countries in April 2015. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">During 2018, in addition to anti-dumping duties, the U.S. government introduced tariffs and quotas pursuant to Section 232 on the imports of steel products, including steel pipes, with the objective of strengthening domestic production capacity utilization and investment. Quotas were imposed on the imports of steel products from South Korea, Brazil and Argentina, while 25% tariffs were imposed on imports from most other countries, except Australia. The proportion of the OCTG market supplied by imports declined from around 60% prior to the imposition of tariffs and quotas to around 40% at the end of 2020 but has since increased to around 50%. </span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We are also exposed to the risk that our competitors may seek to initiate anti-dumping cases against our exports. In 2021, anti-dumping cases were initiated against our exports from Mexico into Canada as well as against our exports from Mexico and Argentina into the United States. In Canada, a final determination of no injury was issued in January 2022 in with respect to our imports from Mexico. In the United States, a final determination of injury was issued in October 2022 against our imports from Mexico and Argentina and antidumping duty deposits of 44.93% and 78.30% were imposed on our imports from Mexico and Argentina, respectively. These deposit rates may be reset periodically based on the results of an administrative review process. Tenaris has appealed the duty ruling regarding imports from Mexico and Argentina.</span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Our production costs are sensitive to prices of steelmaking raw mat</span><span style="font-style: italic; line-height: inherit;">erials and other steel products</span></span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We purchase substantial quantities of steelmaking raw materials, including ferrous steel scrap, DRI, pig iron, iron ore and ferroalloys, for use in the production of our seamless pipe products. In addition, we purchase substantial quantities of steel coils and plates for use in the production of our welded pipe products. Our production costs, therefore, are sensitive to prices of steelmaking raw materials and certain steel products, which reflect supply and demand factors in the global steel industry and in the countries where we have our manufacturing facilities. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The costs of steelmaking raw materials and of steel coils and plates increased during 2021, reaching all-time highs. As a reference, prices for hot rolled coils, HRC Midwest USA Mill, published by CRU, averaged $1,734 per metric ton in 2021 and $632 per metric ton in 2020. Since this increase occurred when drilling activity was only beginning its recovery from the pandemic-induced collapse, the production of welded pipes in the United States was not economic. It was not until 2022, when hot rolled coil prices averaged $1,128 per ton and drilling activity recovered to a large extent that welded OCTG production again became economic and we were able to resume welded OCTG production in the United States.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">61</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="background-color: #ffffff; margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Summary of results</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In 2022, our net income reached a record high while our net sales and EBITDA<span style="font-size: 8pt;"><sup>1</sup></span> were close to the all-time highs recorded in 2008 just prior to the global financial crisis. Our results rose strongly throughout the year and reached record quarterly levels in the fourth quarter. The increase in sales reflects the strong recovery of oil and gas drilling activity in the Americas, a more delayed recovery in Eastern Hemisphere activity, which is now picking up steam, and the solid contribution of the great majority of our market and product segments.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Operating margins expanded reflecting the higher prices realized on the sales of most of our products that have more than compensated for higher raw material and energy costs and a good industrial performance with increased levels of activity and utilization of production capacity.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net income more than doubled compared to 2021, despite a much lower contribution from our non-consolidated companies and higher income taxes.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Operating cash flow for the year amounted to $1,167 million after accounting for a $2,131 million build up in working capital to support the higher level of sales and the ramp up of our industrial system. After capital expenditures of $378 million and dividend payments of $531 million during the year, our net cash position increased to $921<span style="font-size: 8pt;"><sup>2</sup></span> million at the end of the year.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Climate Change</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tenaris recognizes that climate change presents significant risks to society in general and to its business in particular, taking into account the markets where we operate, the potential impact of government regulations on our operations and those of our customers, and the location of our physical assets. Tenaris also acknowledges that climate change offers strategic opportunities to consolidate its leading market position and diversify sales. For more information on risks relating to climate change regulations, see &#8220;Risks Relating to Our Business and Industry - Climate change legislation and increasing regulatory requirements aimed at transitioning to a lower-carbon economy may reduce demand for our products and services and result in unexpected capital expenditures and costs, and negatively affect our reputation&#8221;. For more information on the physical risks resulting from climate change, see &#8220;Risks Relating to Our Business and Industry - The physical risks resulting from climate change, including extreme weather conditions and shifts in weather patterns, have in the past and may in the future adversely affect our operations and financial results&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Given the relevance of climate change for Tenaris&#8217;s overall business and strategy, the Company's board of directors reviews the development and implementation of our strategy to address climate change on a quarterly basis. The Company's board of directors has appointed its Vice Chairman, Germ&#225;n Cur&#225;, to take responsibility for this topic and keep it informed of the progress made.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As part of our efforts to address climate change, we are investing in and adapting our operations to reduce their carbon intensity, and developing products and services for use in low-carbon energy applications. We regularly assess and track global progress towards the energy transition, monitoring the goals, policies, regulations, technologies and other global and national developments that may speed up or hinder the progress of this transition in the years ahead, or may present any risks to our operations.</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We continue to strengthen our disclosure of climate change-related information in accordance with the most relevant international frameworks and standards that are being developed. This year, for example, we are reporting our carbon dioxide emissions using the Greenhouse Gas Protocol (&#8220;GHG Protocol&#8221;) methodology, which, despite differences with World Steel Association&#8217;s (worldsteel) methodology, does not materially alter past reported results. <br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We work closely with our customers as they seek to establish sustainable sourcing policies throughout their supply chain, thus requiring a more specific disclosure of climate change-related impacts. For this purpose, we have joined the Carbon Disclosure Project&#160;(&#8220;CDP&#8221;) and are using the Ecovadis and Open-es sustainability assessment platforms, among others.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We also encourage the use of sustainable practices among our suppliers and are introducing a Sustainable Sourcing Policy to strengthen our efforts in this area.</span><br/></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 13px;"><tbody><tr style="height: 13px;"><td style="border-bottom-width: 1px; border-bottom-style: solid; height: 13px; border-bottom-color: #000000 !important; width: 15%;"><br/></td><td style="height: 13px; width: 85%;"><p style="margin:0pt"><br/></p></td></tr></tbody></table><div><p style="margin: 0in 0in 0.0001pt; color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 8pt;"><span style="vertical-align: super;"><span>1</span></span><span>&#160;</span>EBITDA is a non-IFRS alternative performance<span>&#160;</span>measure&#8212;please<span>&#160;</span>see Exhibit 15.2 for more information on this measure.</span></p><p style="margin: 0in 0in 0.0001pt; color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 8pt;"><span style="vertical-align: super;"><span>2</span></span><span>&#160;</span>Net Cash/Debt is a non-IFRS alternative performance<span>&#160;</span>measure&#8212;please<span>&#160;</span>see Exhibit 15.2 for more information on this measure.</span></p><p style="margin: 0in 0in 0.0001pt; color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 8pt;"><br/></span></p></div><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">62</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;">EAF <span style="font-size: 10pt;">producer </span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">All the steel we manufacture is produced in electric arc furnaces using recycled steel scrap as the primary source of metallic feedstock. We supplement the use of steel scrap with metallic raw materials such as pig iron, direct reduced iron and ferroalloys to meet quality, productivity and materials specification requirements. In Argentina, where the availability of steel scrap is limited, we operate a facility to produce direct reduced iron using natural gas. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Steel produced in electric arc furnaces using a high proportion of scrap in the metallic charge generally has a substantially lower carbon intensity than steel produced using iron ore and metallurgical coal as the primary feedstock. The carbon emissions intensity for steel products produced at our steel manufacturing sites is around&#160;40% below the average for the global steel industry (as reported by worldsteel). </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We also purchase steel from third-party suppliers, primarily for the production of welded pipe products. As many of these suppliers produce steel products using iron ore and coal, the carbon emissions intensity of our pipes produced with this steel is often higher than that of those manufactured using our own steel. </span></p><p style="margin: 0pt 0pt 8pt; text-align: center; line-height: 1.2;"><img src="imgdbed031ce9524518aad5.jpg" alt="Graphics"></img></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">63</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="text-decoration: underline;">Reducing the carbon intensity of our operations</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In February 2021, we set a medium-term target to reduce the carbon emissions intensity of our operations by 30% by the year 2030, compared to a 2018 baseline, considering Scopes 1, 2 and 3 emissions. Within Scope 3 emissions, the target considers emissions related to raw materials and steel purchased from third parties, which represents the largest source of our Scope 3 emissions. </span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To achieve this target, we have increased the proportion of recycled steel scrap in the metallic mix used for the steel we produce, and we are investing in projects to continue improving energy efficiency and increasing the share of renewable or low-carbon electricity, as well as investing to further improve scrap handling and collection in our operations.&#160;</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In 2022, we invested $110 million in projects which are expected to help reduce the carbon intensity of our operations and improve their environmental performance. We expect investments in such projects to increase further, accounting for some 30% of our total capital expenditure in 2023.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We have already made good progress towards this strategic objective. By focusing on energy efficiency and increasing the proportion of steel scrap used in our electric furnaces, the carbon emissions intensity of our tubular operations has declined to 1.17 tons of CO<span style="font-size: 8pt;"><sub>2</sub></span> equivalent per ton of steel processed. This compares with the 1.43 tons of CO<span style="font-size: 8pt;"><sub>2</sub></span> equivalent per ton of steel processed in 2018. Our emissions refer to the GHG Protocol, and have been reviewed by our external auditors.</span></p><p style="margin: 0cm 0cm 12pt; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', sans-serif; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">Much of the reduction in emissions intensity achieved to date has been through increasing scrap use and a reducing the use of purchased pig iron, thus reducing Scope 3 emissions. In 2022, however, Scope 3 emissions intensity rose as we increased the proportion of welded steel pipes in our mix to meet the strong demand for pipeline projects in Latin America and the Middle East. Both the demand for pipeline projects and Scope 3 emissions are expected to rise further in 2023. Nevertheless, we were able to reduce Scope 1 emissions intensity in 2022, largely through greater energy efficiency, and will continue investing in this area as well as in higher scrap use.</span></span></p><p style="margin: 0px; text-align: center; line-height: 1.2; text-indent: 0px;"><img src="imgbf60d6471f644c899c52.jpg" alt="Graphics"></img></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">64</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><br/></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;">CO2-eq emissions intensity (CO2-eq ton / ton steel cast or processed)<br/></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 112px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 44.9885%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; background-color: #ffffff; margin: 0px; text-indent: 0px; width: 10.023%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; background-color: #ffffff; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2020</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2019</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2018</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 44.9885%; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Scope 1</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.023%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.45</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 0.994644%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.023%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.47</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 0.994644%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.023%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">0.48 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 0.994644%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.023%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; &#160; &#160; &#160; &#160; 0.48</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 0.994644%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.023%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.43</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 0.994644%; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 44.9885%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Scope 2</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.22</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.26</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.26 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; &#160; &#160; &#160; &#160; 0.23</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.24</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 44.9885%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Scope 3</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.76</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.62</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.60 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; &#160; &#160; &#160; &#160; &#160; 0.46</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.50</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 44.9885%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; 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padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160; &#160; &#160; &#160; 1.17</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160; 1.17</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 44.9885%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 44.9885%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Intensity variation vs. 2018</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(6%)</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.023%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; 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line-height: inherit;">(18%)&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 0.994644%;"><br/></td></tr></tbody></table><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;<br/></span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We are also investing in reducing Scope 2 emissions intensity by using renewable energy at our facilities around the world. We are building a wind farm in Argentina with an investment of approximately $200 million, due to come into operation in the second half of 2023. The wind farm project is expected to reduce our CO2 emissions in Argentina by some 150,000 tons per year, supply close to 50% of the electricity requirements at our Siderca mill, and reduce our exposure to government-fixed electric power prices. In Europe, we are making some small renewable energy investments, seeking further opportunities to increase renewables use at our sites.</span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our medium-term target to reduce the carbon intensity of our operations is the first step toward decarbonizing them to reach net zero carbon emissions. The timing for achieving this goal depends on different factors, such as emerging technologies as well as market and regulatory conditions, including carbon pricing and customer support. We are allocating substantial resources to our decarbonization strategy, which we also expect to boost our competitive positioning.</span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As we pursue our strategy of decarbonizing our operations, we are exploring a range of possibilities with our partners from around the world, knowing that there is no one solution and certain alternatives are better suited to specific sites or regions, depending on local infrastructure, resources, and conditions. As industry leaders, we seek to be competitive in offering our customers low-carbon products.</span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="text-decoration: underline;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Internal carbon price and financial considerations</span></span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">To accelerate the fulfilment of our decarbonization targets and anticipate the future implementation of carbon pricing mechanisms around the world, we have introduced an internal carbon price at a minimum of $80/ton. This internal carbon price is primarily used to evaluate investments in projects that could contribute to lower carbon emissions and decarbonize our operations.</span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We constantly monitor the evolution of our main customers&#8217; strategies and scenarios for future energy demand, considering the global objectives to address climate change by reducing carbon emissions as well as governments&#8217; objectives to achieve a carbon-neutral economy. We also assess the future market outlook for our products with reference to the different scenarios for oil and gas demand published by our customers, international agencies such as the International Energy Agency (&#8220;IEA&#8221;), and expert energy market consultancies, such as Rystad Energy (&#8220;Rystad&#8221;).</span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We pay particular attention to the historical record and potential pace of change in the adoption of new technologies, regulations and behaviors which may affect future oil and gas demand. These scenarios and assessments provide fundamental input for formulating and evaluating our business strategy and how we address the risks and opportunities posed by climate change.</span></p><p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">There are many potential outcomes and much uncertainty about the pace at which the transition may be accomplished as we move from today&#8217;s use of fossil fuels, including oil and gas, to cleaner fuels, while overall energy demand is expected to rise. Tenaris takes these risks into consideration when evaluating its investments in projects and the acquisition of equipment to produce steel pipes, factoring them into the accounting estimates and assumptions used to assess the carrying value of its assets.</span><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">65</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; text-decoration: underline; line-height: inherit;">Products for the energy transition</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As suppliers of tubular products and services to the energy industry, we see in the energy transition an opportunity to develop new products and services for potentially fast-growing segments like hydrogen transportation and storage, CCS and geothermal installations. In the past two years, we have increased investments in R&amp;D and our organizational focus in these areas, which are expected, eventually, to contribute a relevant revenue stream.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We have developed a range of materials technologies suitable for use in hydrogen storage and transportation, where there is growing demand for large, high-pressure vessels used in the build-out of hydrogen refueling stations for heavy-duty vehicles and buses, mostly in Europe and California. We are also seeing increasing interest from customers in developing CCS projects.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">During 2022, we delivered the pipes for a pipeline for the Northern Lights CCS project in Norway. Following extensive product testing, we were awarded a contract to supply casing for CO2 injection wells for the UK&#8217;s HyNet project. <br/></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-align: justify; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Outlook</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In an environment where geopolitical and macro-economic risks as well as inflation remain high, global economic prospects have improved following the fall in energy prices in Europe and the reversal of China&#8217;s COVID lockdown policy. Conditions remain in place for a further increase in investment in the energy industry, with low levels of spare capacity, the implementation of further sanctions on Russian exports and a renewed focus on energy security around the world.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Drilling activity increased during 2022 and, although it has plateaued in North America as we enter 2023, it continues to increase in the Middle East and offshore regions. Global demand for OCTG in 2023 is expected to reach its highest level since 2014. Pipeline activity is also advancing to support oil and gas developments, notably in Argentina and the Middle East.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For the first half of 2023, we expect our sales and EBITDA<span style="font-size: 8pt;"><sup>3</sup></span> to show a further increase as we continue to ramp up production in North America and increase shipments to pipeline projects. The pricing momentum we saw over the last year is levelling out and we expect that margins will remain close to the current level. Cash flow from operations will increase and we expect to stabilize our working capital requirements by the second quarter.</span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Functional and presentation currency</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The functional and presentation currency of the Company is the U.S. dollar. The U.S. dollar is the currency that best reflects the economic substance of the underlying events and circumstances relevant to Tenaris&#8217;s global operations.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Starting January 1, 2023, the Company changed the functional currency of its Brazilian subsidiaries, from the Brazilian Real to the U.S. dollar.</span></p><p style="margin: 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This decision is a result of a significant increase of its Brazilian Subsidiaries&#8217; participation in the OCTG and line pipe international markets, a trend which started in recent years and intensified in 2022, a greater level of integration of the local operations within Tenaris&#8217;s international commercial and supply chain system, as well as the fact that the main purchase agreement contracts and the long term sales agreement contracts with major international and local oil companies are both indexed to the U.S. dollar. Local steel prices are also being affected by the U.S. dollar / Brazilian Real fluctuations.<br/></span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 15%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td><td style="width: 85%;"><br/></td></tr></tbody></table><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-size: 8pt;"><sup>3</sup>EBITDA is a non-IFRS alternative performance measure&#8212;please see Exhibit 15.2 for more information on this measure.</span><br/></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">66</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As a result of this change, except for the Italian subsidiaries whose functional currency is the Euro, Tenaris determined that the functional currency of its other subsidiaries is the U.S. dollar, based on the following principal considerations:</span></p><table style="width: 100%; margin-left: 0.1px; height: 81px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 10px;"><td style="width: 5%; height: 10px; vertical-align: top; text-align: center;" valign="top">&#8226;</td><td style="width: 95%; height: 10px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">sales are mainly negotiated, denominated and settled in U.S. dollars. If priced in a currency other than the U.S. dollar, the sales price may consider exposure to fluctuation in the exchange rate versus the U.S. dollar;</span></p></td></tr><tr style="height: 10px;"><td style="height: 10px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 10px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">prices of critical raw materials and inputs are priced and settled in U.S. dollars;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">transaction and operational environment and the cash flow of these operations have the U.S. dollars as reference currency;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">significant level of integration of local operations within<span style="line-height: inherit;">&#160;</span>Tenaris&#8217;s<span style="line-height: inherit;">&#160;</span>international global distribution network;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">net financial assets and liabilities are mainly received and maintained in U.S. dollars;<span style="line-height: inherit;">&#160;</span><span style="font-style: italic; line-height: inherit;">and</span></span></p></td></tr><tr style="height: 10px;"><td style="height: 10px; vertical-align: top; text-align: center; width: 5%;" valign="top">&#8226;</td><td style="height: 10px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">the exchange rate of certain legal currencies has long been affected by recurring and severe economic crises.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Results of operations for subsidiaries whose functional currencies are not the U.S. dollar are translated into U.S. dollars at the average exchange rates for each quarter of the year. Financial statement positions are translated at the year-end exchange rates. Translation differences are recognized in a separate component of equity as currency translation adjustments. In the case of a sale or other disposal of any of such subsidiaries, any accumulated translation difference would be recognized in the Consolidated Income Statement as a gain or loss from the sale or disposal.</span></p></div><div id="D6lv2ytupexeh9s3f4o9x9" style="font-family: 'times new roman', times; font-size: 10pt;"><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bl_N00MLAUKV400000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Operating Results</span></a></div><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following discussion and analysis of our financial condition and results of operations is based on our audited consolidated financial statements included elsewhere in this annual report. Accordingly, this discussion and analysis present our financial condition and results of operations on a consolidated basis. See &#8220;Presentation of Certain Financial and Other Information - Accounting Principles&#8221; and &#8220;II. Accounting Policies A. Basis of presentation&#8221; and &#8220;B. Group accounting&#8221; to our audited consolidated financial statements included in this annual report. The following discussion should be read in conjunction with our audited consolidated financial statements and the related notes included in this annual report.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">67</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 8pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 8pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><table cellpadding="0" style="height: 506px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Thousands of U.S. dollars (except number of shares and per share amounts)</span></p></td><td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 243.85pt; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">For the year ended December 31,</span></p></td></tr><tr style="height: 10px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 80.65pt; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.6pt; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; width: 81.6pt; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Selected consolidated income statement data</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Continuing operations</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Net sales</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 11,762,526 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 6,521,207 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 5,146,734 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cost of sales</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (7,087,739) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (4,611,602) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (4,087,317) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Gross profit</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 4,674,787 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,909,605 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,059,417 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Selling, general and administrative expenses</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (1,634,575) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (1,206,569) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (1,119,227) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Impairment charge <span style="vertical-align: super; font-size: 8pt;">(1)</span></span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (76,725) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (57,075) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (622,402) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income (expenses), net</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (212) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 61,548 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 19,141 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Operating income (loss) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2,963,275 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 707,509 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; (663,071) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Finance income</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 80,020 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 38,048 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 18,387 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Finance cost</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (45,940) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (23,677) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (27,014) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other financial results</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (40,120) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 8,295 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (56,368) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income (loss) before equity in earnings of non-consolidated companies and income tax</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2,957,235 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 730,175 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; (728,066) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Equity in earnings of non-consolidated companies</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 208,702 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 512,591 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 108,799 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income (loss) before income tax</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 3,165,937 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,242,766 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; (619,267) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Income tax</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (617,236) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (189,448) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (23,150) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income (loss) for the year for continuing operations</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2,548,701 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,053,318 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; (642,417) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Income (loss) attributable to <span style="font-size: 8pt;"><span style="vertical-align: super;">(2)</span>:</span></span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Shareholders' equity</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2,553,280 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,100,191 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (634,418) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Non-controlling interests</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (4,579) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (46,873) </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (7,999) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Income (loss) for the year </span><span style="vertical-align: super; font-size: 8pt;">(2)</span></span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2,548,701 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,053,318 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; (642,417) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 254.15pt; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; 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vertical-align: bottom; width: 80.65pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0.45 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0.27 </span></p></td><td style="padding: 0px 5px 0px 0px; vertical-align: bottom; width: 81.6pt; margin: 0px; text-indent: 0px; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0px; 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vertical-align: top;" valign="top"><span style="font-size: 10pt; text-indent: -18.9333px; float: none; display: inline !important;">(2)</span></td><td style="width: 65.0312%;"><span style="font-size: 10pt; text-indent: -18.9333px; float: none; display: inline !important;">IAS 1 (revised), requires that income for the year as shown on the income statement does not exclude non-controlling interests. 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font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">68</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><p style="margin:0pt"><br/></p><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><br/><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 401px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 27px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Thousands of U.S. dollars (except number of shares)</span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">At December 31,</span></p></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 15.32%; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; 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padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Selected consolidated financial position data</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Current assets</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 8,468,596 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 4,981,173 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 4,287,672 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment, net</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 5,556,263 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 5,824,801 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 6,193,181 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other non-current assets</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,525,387 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,643,457 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,235,336 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total assets</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 17,550,246 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 14,449,431 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 13,716,189 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Current liabilities</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2,788,423 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,559,645 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,166,475 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Non-current borrowings</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 46,433 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 111,432 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 315,739 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Deferred tax liabilities</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 269,069 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 274,721 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 254,801 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other non-current liabilities</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 411,884 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 397,931 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 532,701 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Total liabilities</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,515,809 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2,343,729 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2,269,716 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Shareholders' equity</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 13,905,709 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 11,960,578 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 11,262,888 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Non-controlling interests</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 128,728 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 145,124 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 183,585 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Total equity</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 14,034,437 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 12,105,702 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 11,446,473 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total liabilities and equity</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 17,550,246 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 14,449,431 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 13,716,189 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Share capital</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,180,537 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,180,537 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,180,537 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Number of shares outstanding</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 15.32%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,180,536,830 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,180,536,830 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.66%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,180,536,830 </span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;"><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">69</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table sets forth our operating and other costs and expenses as a percentage of net sales for the periods indicated.</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Percentage of net sales</span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 243pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> For the year ended December 31, </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 79.55pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 81.8pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 81.65pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Continuing operations</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Net sales</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 100.0 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 100.0 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 100.0 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cost of sales</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (60.3) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (70.7) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (79.4) </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Gross profit</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 39.7 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; 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font-size: 10pt;">Selling, general and administrative expenses</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (13.9) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (18.5) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (21.7) </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Impairment charge</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (0.7) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 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(0.0) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0.9 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0.4 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Operating income (loss) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 25.2 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 10.8 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; (12.9) </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Finance income</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0.7 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0.6 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0.4 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Finance cost</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (0.4) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (0.4) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (0.5) </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other financial results</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (0.3) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0.1 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (1.1) </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income (loss) before equity in earnings of non-consolidated companies and income tax</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 25.1 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 11.2 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; (14.1) </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Equity in earnings of non-consolidated companies</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1.8 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 7.9 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2.1 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income (loss) before income tax</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 26.9 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 19.1 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; (12.0) </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Income tax</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (5.2) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (2.9) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (0.4) </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Income (loss) for the year for continuing operations</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 21.7 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 16.2 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; (12.5) </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Income (loss) attributable to:</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Shareholders' equity</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 21.7 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 16.9 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (12.3) </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 255pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Non-controlling interests</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 79.55pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (0.0) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.8pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (0.7) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 81.65pt; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (0.2) </span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic; font-weight: bold;">Fiscal Year Ended December 31, </span><span style="font-style: italic; font-weight: bold;">20</span><span style="font-style: italic; font-weight: bold;">2</span><span style="font-style: italic; font-weight: bold;">2</span><span style="font-style: italic; font-weight: bold;">,</span><span style="font-style: italic; font-weight: bold;"> Compared to Fiscal Year Ended December 31, </span><span style="font-style: italic; font-weight: bold;">20</span><span style="font-style: italic; font-weight: bold;">2</span><span style="font-style: italic; font-weight: bold;">1</span></span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table shows our net sales by business segment for the periods indicated below:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 85px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.82%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> For the year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 19.56%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" rowspan="2"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase / (Decrease)</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.82%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td></tr><tr style="background-color: #cceeff; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.82%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tubes</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 11,133 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">95%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 5,994 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">92%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.56%; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">86%</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.82%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Others</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 630 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 528 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.56%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">19%</span></p></td></tr><tr style="background-color: #cceeff; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.82%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 11,763 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">100%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 6,521 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.16%; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">100%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.56%; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">80%</span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Tubes</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table indicates, for our Tubes business segment, sales volumes of seamless and welded pipes for the periods indicated below:</span><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 85px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.58%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Thousands of tons</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">For the year ended December 31,</span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 19.4%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase / (Decrease) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.58%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.96%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 23.06%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.58%; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Seamless</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.96%; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,146 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 23.06%; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2,514 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.4%; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">25%</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.58%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Welded</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.96%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 387 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 23.06%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 289 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.4%; height: 17px; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">34%</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.58%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.96%; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 3,533 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 23.06%; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2,803 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.4%; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">26%</span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">70</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table indicates, for our Tubes business segment, net sales by geographic region, operating income and operating income as a percentage of net sales for the periods indicated below:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">For the year ended December 31,</span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.56%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase / (Decrease) </span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 22.3%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 22.3%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Net sales</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.56%; background-color: #cceeff; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- North America</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 6,796 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,240 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.56%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">110%</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- South America</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2,213 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,051 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.56%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">111%</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- Europe</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 867 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 622 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.56%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">39%</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- Middle East &amp; Africa</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 980 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 832 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.56%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18%</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- Asia Pacific</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 277 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 249 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.56%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11%</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total net sales</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 11,133 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 5,994 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.56%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">86%</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Operating income</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2,867 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 613 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.56%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">368%</span></p></td></tr><tr style="height: 4.45pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.86%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Operating income (% of sales)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">25.8%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.3%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10.2%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.56%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Net sales of tubular products and services</span> increased 86% to $11,133 million in 2022, compared to $5,994 million in 2021, reflecting a 26% increase in volumes and a 47% increase in average selling prices. Sales increased in all regions, mainly in North America where there was a recovery in volumes and prices throughout the region, led by the U.S. onshore market and in South America mainly due to higher OCTG sales in the region and deliveries for a gas pipeline in Argentina.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Operating results from tubular products and services</span>, amounted to a gain of $2,867 million in 2022, compared to a gain of $613 million in 2021. Tubes operating income in 2022 is net of a $63 million impairment charge, while in 2021 it includes an impairment charge of $57 million. The improvement in operating results was driven by the recovery in shipment volumes and in prices and higher level of utilization of production capacity, which more than offset an increase in energy and raw material costs.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Others</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table indicates, for our Others business segment, net sales, operating income and operating income as a percentage of net sales for the periods indicated below:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">For the year ended December 31,</span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 21.74%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase / (Decrease) </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.8%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.72%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.72%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.8%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Net sales </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.72%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 630 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.72%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 528 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.74%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">19%</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.8%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Operating income</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.72%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 96 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.72%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 95 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.74%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1%</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 34.8%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Operating income (% of sales)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.72%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">15.2%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.72%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">17.9%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.74%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic;">Net sales of other products and services</span> increased 19% from $528 million in 2021 to $630 million in 2022, mainly due to higher sales of sucker rods, of our oilfield services business in Argentina which offers hydraulic fracturing and coiled tubing services and excess raw materials, partially offset by lower sales from the discontinued industrial equipment business in Brazil.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic;">Operating results from other products and </span><span style="font-style: italic;">services</span>, amounted to a gain of $96 million in 2022, similar to the $95 million gained in 2021. Results were mainly derived from our sucker rods business and our oilfield services business in Argentina, partially offset by a $20 million loss related to our discontinued industrial equipment business in Brazil. The operating income for other products and services in 2022 includes a $14 million impairment charge.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">71</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt; line-height: 1.3;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Selling, general and administrative expenses</span>, or SG&amp;A, amounted to $1,635 million (13.9% of net sales), compared to $1,207 million (18.5%) in 2021. The 2022 increase in SG&amp;A is mainly due to higher logistic costs, while they decrease as a percentage of sales.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.3;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Impairment charge</span><span style="font-weight: bold; line-height: inherit;">.</span> In 2022, we recorded a $77 million impairment: $63 million on our Tubes segment and $14 million on our Others segment, while in 2021 we recorded a $57 million impairment on our Tubes segment, as a result of the termination of the NKKTubes joint venture.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.3;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Other operating results</span> amounted to zero in 2022, compared to a gain of $62 million in 2021. Results in 2022 include a $78 million charge from the settlement with the U.S. SEC, a $71 million non-cash gain from the reclassification to the income statement of NKKTubes&#8217;s cumulative foreign exchange adjustments belonging to the shareholders due to the cease of its operations and an $18 million gain from the sale of land in Canada after the relocation of the Prudential facility. The gain in 2021 was mainly due to a $36 million recognition of fiscal credits in Brazil and the profit from the sale of assets.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.3;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Financial results</span> amounted to a loss of $6 million in 2022, compared to a gain of $23 million in 2021. 2022 financial loss includes a loss of $10 million related to the change in fair value of certain financial instruments obtained in an operation of settlement of trade receivables and a $30 million loss related to the transfer of Argentine sovereign bonds paid as dividend from an Argentine subsidiary to its shareholders.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.3;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Equity in earnings of non-consolidated companies</span> generated a gain of $209 million in 2022, compared to $513 million in 2021. These results were mainly derived from our equity investment in Ternium (NYSE:TX). In 2022 they included $34 million impairment charges on our participations in the joint venture with Severstal ($15 million) and in Usiminas ($19 million).</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.3;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Income tax charge</span> amounted to $617 million in 2022, compared to $189 million in 2021, reflecting the improvement in results in several subsidiaries.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.3;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Fi</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">scal Year</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> Ended December 31, 2021</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">, Compared to Fiscal Ye</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">ar Ended December 31, 20</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">20</span></span></p><p style="line-height: 1.3; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table shows our net sales by business segment for the periods indicated below:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 85px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> For the year ended December 31, </span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.34%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase / (Decrease) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tubes</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.6%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 5,994 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.56%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">92%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.6%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 4,844 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.58%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">94%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.34%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">24%</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Others</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.6%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 528 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.56%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.6%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 303 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.58%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.34%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">74%</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.6%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 6,521 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.56%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">100%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.6%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 5,147 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.58%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">100%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.34%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">27%</span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Tubes</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table indicates, for our Tubes business segment, sales volumes of seamless and welded pipes for the periods indicated below:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 85px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Thousands of tons</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">For the year ended December 31,</span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 19.52%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase / (Decrease) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.6%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.6%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Seamless</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.6%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2,514 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.6%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,918 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.52%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">31%</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Welded</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.6%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 289 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.6%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 480 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.52%; height: 17px; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(40%)</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.3%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.6%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2,803 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.6%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2,398 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.52%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">17%</span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">72</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table indicates, for our Tubes business segment, net sales by geographic region, operating income and operating income as a percentage of net sales for the periods indicated below:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 187px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 219.75pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">For the year ended December 31,</span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 92.1pt; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase / (Decrease) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Net sales</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 92.1pt; background-color: #cceeff; height: 17px; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- North America</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,240 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2,108 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 92.1pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">54%</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- South America</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,051 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 660 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 92.1pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">59%</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- Europe</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 622 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 566 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 92.1pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10%</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- Middle East &amp; Africa</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 832 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,194 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 92.1pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(30%)</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">- Asia Pacific</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 249 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 315 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 92.1pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(21%)</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total net sales</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 5,994 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 4,844 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 92.1pt; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">24%</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Operating income (loss)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 613 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (616) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 92.1pt; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">200%</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 170.1pt; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Operating income (loss) (% of sales)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 106.35pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10.2%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 113.4pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(12.7%)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 92.1pt; background-color: #cceeff; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr></tbody></table><p style="line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Net sales of tubular products and services</span> increased 24% to $5,994 million in 2021, compared to $4,844 million in 2020, reflecting a 17% increase in volumes and a 6% increase in average selling prices. In North America sales increased 54% as there was a recovery in volumes and prices throughout the region, led by the U.S. onshore market. In South America sales increased 59% driven by a recovery in sales in Argentina and the Andean region partially offset by lower sales of connectors in Brazil. In Europe sales increased 10% thanks to a strong growth in sales to the mechanical and automotive sectors partially compensated by lower sales of OCTG products throughout the region. In the Middle East &amp; Africa sales declined 30% as sales in U.A.E. remained stable during the year while sales of OCTG and offshore line pipe declined in the rest of the region. In Asia Pacific sales declined 21% due to lower sales of OCTG throughout the region.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Operating results from tubular products and services</span>, amounted to a gain of $613 million in 2021, compared to a loss of $616 million in 2020. Tubes operating income in 2021 is net of a $57 million impairment charge on NKKTubes fixed assets and severance charges of $27 million, while in 2020 the operating loss includes an impairment charge of $582 million, accelerated depreciations and amortizations of $56 million and severance charges of $139 million. The improvement in operating results was driven by the recovery in sales (volumes and prices), while an increase in raw material and energy costs was partially offset by an improvement in industrial performance due to the increased levels of activity and utilization of production capacity.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Others</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table indicates, for our Others business segment, net sales, operating income and operating income as a percentage of net sales for the periods indicated below:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 78px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 33.92%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">For the year ended December 31,</span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 22.26%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase / (Decrease) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 33.92%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.9%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.92%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 33.92%; height: 10px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Net sales </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.9%; height: 10px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #ffffff !important; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 528 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.92%; height: 10px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #ffffff !important; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 303 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.26%; height: 10px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #ffffff !important; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">74%</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 33.92%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Operating income (loss)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.9%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 95 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.92%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (47) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.26%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">300%</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 33.92%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Operating income (loss) (% of sales)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.9%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">17.9%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 21.92%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(15.6%)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.26%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Net sales of other products and services</span> increased 74% from $303 million in 2020 to $528 million in 2021, mainly due to higher sales of energy and excess raw materials and sucker rods, as well as our new oilfield services business in Argentina which offers hydraulic fracturing and coiled tubing services.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">Operating results from other products and services</span>, amounted to a gain of $95 million in 2021, compared to a loss of $47 million in 2020. In 2020, Others operating income included an impairment charge of $40 million. The increase in profitability is mainly due to the sucker rods business, our new oil services business and the sale of excess raw materials and energy.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Selling, general and administrative expenses</span>, or SG&amp;A, amounted to $1,207 million (18.5% of net sales), compared to $1,119 million (21.7%) in 2020. During 2021 SG&amp;A includes $16 million of leaving indemnities, while in 2020 leaving indemnities were $61 million. The 2021 increase in SG&amp;A is mainly due to higher selling expenses, following the increase in sales.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Impairment charge.</span> In December 2021, as a result of the expected termination of our NKKTubes joint venture, we recorded a $57 million impairment on its fixed assets. In 2020 we recorded an impairment charge of $622 million on the carrying value of goodwill and other assets in the United States.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">73</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Other operating results</span> amounted to a gain of $62 million in 2021, compared to a gain of $19 million in 2020. The gain in 2021 is mainly due to a $36 million recognition of fiscal credits in Brazil and the profit from the sale of assets. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Financial results</span> amounted to a gain of $23 million in 2021, compared to a loss of $65 million in 2020. The variation is mainly explained by a $23 million improvement in net interest income, mainly due to interests from fiscal credits in Brazil received in the second quarter, and a $64 million improvement in net foreign exchange results, mainly related to the depreciation of the Euro, the Brazilian real and the Mexican peso in 2020. These results are to a large extent offset by changes to our currency translation reserve. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Equity in earnings of non-consolidated companies</span> generated a gain of $513 million in 2021, compared to $109 million in 2020. These results were mainly derived from our equity investments in Ternium and Usiminas, and reflect the good dynamics at the flat steel sector derived from record high steel prices.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Income tax charge</span> amounted to $189 million in 2021, compared to $23 million in 2020, reflecting better results in several subsidiaries following the increase in activity in 2021.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Net income</span> amounted to $1,053 million in 2021, compared with a net loss of $642 million in 2020. The change in results reflects the recovery in sales (volumes and prices) following the improvement in the operating environment, while an increase in raw material and energy costs was partially offset by an improvement in industrial performance due to the increased levels of activity and utilization of production capacity. Additionally, our results in 2021 were boosted by an extraordinary contribution from our equity participations, mainly Ternium, reflecting the good dynamics in the flat steel sector derived from record high steel prices, while 2020 was impacted by a $622 million impairment on the carrying value of goodwill and other assets in the United States.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bm_V0XL045ENK00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Liquidity and Capital Resources</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table provides certain information related to our cash generation and changes in our cash and cash equivalents position for each of the last three years:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 344px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> For the year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.36%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.36%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.36%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Net cash provided by operating activities</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,167 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; 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border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (947) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 59.9%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Cash and cash equivalents at the end of year (excluding overdrafts)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,091 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 318 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 585 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents at the end of year (excluding overdrafts)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1,091 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 318 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 585 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Bank overdrafts</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other current investments</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 438 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 398 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 872 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Non-current investments</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 114 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 313 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 239 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Derivatives hedging borrowings and investments</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 6 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 8 </span></p></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Current borrowings</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 10px; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #ffffff !important; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (682) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (220) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (303) </span></p></td></tr><tr style="height: 11px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 11px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Non-current borrowings</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 11px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-right-color: #ffffff !important; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (46) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 11px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (111) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 11px; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (316) </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 59.9%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net cash at the end of the year</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 921 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-bottom-color: #000000; border-right-color: #ffffff !important; border-width: 1px 1px 1pt 1px; border-style: solid;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 700 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,085 </span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our financing strategy aims to maintain adequate financial resources and access to additional liquidity. During 2022 cash flow provided by operating activities amounted to $1,167 million (including an increase in working capital of $2,131 million), our capital expenditures amounted to $378 million, and we paid dividends amounting to $531 million. At the end of the year, we had a net cash position<span style="font-size: 8pt; line-height: inherit;"><sup>4</sup></span> of $921 million, compared to $700 million at the beginning of the year.</span></p><table style="width: 100%; margin-left: 0.1px; height: 17px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 15%; border-bottom: 1pt solid #000000; height: 17px;"><br/></td><td style="width: 85%; height: 17px;"><br/></td></tr></tbody></table><sup>4</sup><span style="font-size: 13.3333px; float: none; display: inline !important;">&#160;</span><span style="font-size: 8pt;">Net cash position is a non-IFRS alternative performance measure&#8212;please see Exhibit 15.2 for more information on this measure.</span><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">74</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We believe that funds from operations, the availability of liquid financial assets and our access to external borrowing through the financial markets will be sufficient to satisfy our working capital needs, to finance our planned capital spending program as well as to service our debt in the future twelve months and to address short-term changes in business conditions.&#160;</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We have a conservative approach to the management of our liquidity, which consists of (i) cash and cash equivalents (cash in banks, liquidity funds and investments with a maturity of less than three months at the date of purchase), and (ii) other investments (fixed income securities, time deposits, and fund investments).</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As December 31, 2022, liquid financial assets as a whole (comprising cash and cash equivalents and other investments) were 9% of total assets compared to 7% at the end of 2021.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">We hold investments primarily in liquidity funds and variable or fixed-rate securities from investment grade issuers. We hold our cash and cash equivalents primarily in U.S. dollars and in major financial centers. As of December 31, 2022, and December 31, 2021, U.S. dollar denominated liquid assets represented 87% of total liquid financial assets.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Fiscal Year Ended December</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">31, 20</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">2</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">2</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">, Compared to Fi</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">scal Year Ended December</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">31, 202</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">1</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Operating activities</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net cash provided by operations during 2022 was $1,167 million, compared to $119 million during 2021. This increase was mainly attributable to the better results during the year, as net income for 2022 amounted to $2,549 million in 2022 and $1,053 million in 2021, partially offset by a higher increase in working capital, which amounted to $2,131 million in 2022, while in 2021 the increase in working capital amounted to $1,071 million. The annual variation in working capital was mainly attributed to an increase of $1,330 million in inventories and $1,208 in trade receivables, compared to an increase of $1,085 million in inventories and $356 million in trade receivables in 2021. For more information on cash flow disclosures and changes to working capital, see note 29 &#8220;Cash flow disclosures&#8221; to our audited consolidated financial statements included in this annual report.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Investing activities</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net cash used in investing activities was $164 million in 2022, compared to a net cash provided by investing activities of $268 million in 2021. In 2022 we decreased our financial investments by $123 million compared to a decrease of $390 million in 2021, while capital expenditures amounted to $378 million in 2022 compared to $240 in 2021.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Financing activities</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net cash used in financing activities, including dividends paid, proceeds and repayments of borrowings and acquisitions of non-controlling interests, was $178 million in 2022, compared to $648 million in 2021.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">During 2022 we had net proceeds of borrowings of $417 million while in 2021 we had net repayments of borrowings of $277 million. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dividends paid during 2022 amounted to $531 million and during 2021 amounted to $319 million.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our total liabilities to total assets ratio was 0.20:1 as of December 31, 2022 and 0.16:1 as of December 31, 2021.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Fiscal Year Ended December</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">31, 20</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">21</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">, Compared to Fiscal Year Ended December</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">31, 20</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">20</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Operating activities</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net cash provided by operations during 2021 was $119 million, compared to $1,520 million during 2020. This decrease was mainly attributable to a $1,071 million increase in working capital in 2021, while in 2020 the decrease in working capital amounted to $1,055 million, offset by an impairment charge of $622 million in 2020. The annual variation in working capital was mainly attributed to an increase of $1,085 million in inventories related to the recovery in activity, compared to a decrease of $819 million in 2020. For more information on cash flow disclosures and changes to working capital, see note 29 &#8220;Cash flow disclosures&#8221; to our audited consolidated financial statements included in this annual report.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">75</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Investing activities</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net cash provided by investing activities was $268 million in 2021, compared to a net cash used in investing activities of $2,092 million in 2020. We decreased our financial investments by $390 million in 2021 compared to an increase of $887 million in 2020. Additionally, during 2020 we spent $1,025 million in acquisition of subsidiaries.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Financing activities</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Net cash used in financing activities, including dividends paid, proceeds and repayments of borrowings and acquisitions of non-controlling interests, was $648 million in 2021, compared to $375 million in 2020.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">During 2021 and 2020 we had net repayments of borrowings of $277 million and $239 million respectively. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dividends paid during 2021 amounted to $319 million and during 2020 amounted to $83 million.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our total liabilities to total assets ratio was 0.16:1 as of December 31, 2021 and 0.17:1 as of December 31, 2020.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Principal Sources of Funding</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">During 2022, we funded our operations with operating cash flows, bank financing and available liquid financial assets. Short-term bank borrowings were used as needed throughout the year.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Financial liabilities</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">During 2022 borrowings increased by $398 million to $729 million at December 31, 2022, from $331 million at December 31, 2021.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Borrowings consist mainly of bank loans. As of December 31, 2022, U.S. dollar-denominated borrowings plus borrowings denominated in other currencies swapped to the U.S. dollar represented 78% of total borrowings.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For further information about our financial debt, please see note 20 &#8220;Borrowings&#8221; to our audited consolidated financial statements included in this annual report.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table shows the composition of our financial debt at December 31, 2022, 2021 and 2020:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 16.34%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 16.34%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 16.34%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Bank borrowings</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 729 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 331 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 619 </span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Bank overdrafts</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0 </span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total borrowings</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 729 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.34%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; 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text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The maturity of our financial debt is as follows:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.14%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.76%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.82%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.14%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">At December 31, 2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.76%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1 year or less</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.5%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1 - 2 years</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 13.5%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2 - 3 years</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.3%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Over 3 Years</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.82%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.14%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.76%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.82%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.14%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Borrowings</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.76%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 682 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 42 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.3%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 2 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.82%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 729 </span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.14%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Interest to be accrued (*)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.76%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 26 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 1 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.3%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 0 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.82%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 27 </span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.14%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.36%; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 708 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 43 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 13.5%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 3 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.3%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.82%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 756 </span></p></td></tr></tbody></table><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 13.6141%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="width: 86.3859%;"><br/></td></tr></tbody></table><p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; text-indent: -14.2pt; vertical-align: super;">(*)</span><span style="font-size: 10pt; text-indent: -14.2pt;">&#160;Includes the effect of hedge accounting.</span><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">76</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our current borrowings to total borrowings ratio amounted to 0.94:1 as of December 31, 2022, and to 0.66:1 as of December 31, 2021. Our liquid financial assets exceeded our total borrowings, we had a net cash position<span style="font-size: 8pt; line-height: inherit;"><sup>5</sup></span> (cash and cash equivalents, other current and non-current investments, derivatives hedging borrowings and investments, less total borrowings) of $921 million at December 31, 2022, compared to $700 million at December 31, 2021.&#160;</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2022, lease liabilities amounted to approximately $112 million. The amount of remaining payments with maturities of less than 1 year, between 2 and 5 years and more than 5 years was approximately 25%, 48% and 27%, respectively, of the total remaining payments.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2021, lease liabilities amounted to approximately $117 million. The amount of remaining payments with maturities less than 1 year, between 2 and 5 years and more than 5 years was approximately 29%, 34% and 37%, respectively, of the total remaining payments.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For information on our derivative financial instruments, please see &#8220;Quantitative and Qualitative Disclosure about Market Risk &#8211; Accounting for Derivative Financial Instruments and Hedging Activities&#8221; and note 25 &#8220;Derivative financial instruments&#8221; to our audited consolidated financial statements included in this annual report.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">For information regarding the extent to which borrowings are at fixed rates, please see &#8220;Quantitative and Qualitative Disclosure About Market Risk&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Significant Borrowings</span></p><p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our most significant borrowings as of December 31, 2022 were as follows:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.82%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.54%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.36%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 18.8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.48%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 28.82%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Disbursement date</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 22.54%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Borrower</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.36%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Type</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 18.8%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Final maturity</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.48%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Outstanding</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.82%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.54%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tamsa</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.36%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Bilateral</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 18.8%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.48%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.82%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.54%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Maverick</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.36%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Bilateral</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 18.8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.48%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.82%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.54%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tubos del Caribe</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.36%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Bilateral</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 18.8%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.48%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">90</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.82%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2020</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.54%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tamsa</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.36%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Bilateral</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 18.8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.48%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">80</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.82%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 22.54%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Siderca</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 12.36%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Bilateral</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 18.8%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.48%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">55</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2022, Tenaris was in compliance with all of its covenants under its significant borrowings, including financial covenants on leverage ratio.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bn_BF5NX06TJ400000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Trend Information</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Principal Factors Affecting Oil and Gas Prices and Demand for Steel Pipes from </span><span style="font-weight: bold; line-height: inherit;">the Global Oil and Gas Industry</span></span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Sales to the oil and gas industry worldwide represent a high percentage of our total sales, and demand for steel pipes from the global oil and gas industry is a significant factor affecting the general level of volumes and prices for our products. Downward pressures on oil and gas prices usually result in lower oil and gas drilling activity and investment throughout the oil and gas industry with consequently lower demand for our steel pipe products and, in some circumstances, upward pressures can result in higher demand from our oil and gas customers. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Whereas oil prices are similar in most parts of the world because oil is a fully tradable commodity, gas prices are influenced by regional factors. In North America, where gas production is extensively developed and there is an extensive regional pipeline system, these factors include available gas storage capacity and seasonal weather patterns, particularly winter temperatures in the United States. LNG prices were traditionally established in relation to international oil prices, particularly in the largest LNG markets in Asia. However, as the market for LNG becomes more global and the United States becomes a relevant source of LNG, LNG prices are now being set increasingly in relation to gas prices prevailing at regional gas hubs. In 2022, spot LNG prices completely decoupled from oil prices as pipeline gas imports to Europe from Russia were substantially reduced consequent to the Russian invasion of Ukraine and European countries dramatically increased imports of LNG to replace Russian gas.</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 15%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td><td style="width: 85%;"><br/></td></tr></tbody></table><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><sup style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-size: 8pt;">5</span></sup><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span>&#160;</span></span><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 8pt;">Net cash position is a non-IFRS alternative performance measure&#8212;please see Exhibit 15.2 for more information on this measure.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">77</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">International oil prices depend on diverse factors. On the supply side, major oil-and-gas-producing nations and companies have frequently collaborated to balance the supply (and thus the price) of oil in the international markets. A major vehicle for this collaboration has been OPEC, and more recently what has become known as OPEC+, which includes OPEC members, plus Russia and certain other countries. Many of our customers are state-owned companies in member countries of OPEC and OPEC+. Another factor that has affected the international price level of oil is the political and socioeconomic conditions of oil-producing countries, such as Libya, Nigeria and Venezuela and the persistence of geo-political and armed conflicts, such as the recent Ukraine-Russia armed conflict, and conflicts affecting the Middle East region, which is home to a substantial proportion of the world&#8217;s known oil reserves. See &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; The Russia-Ukraine armed conflict may adversely affect our operations&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On the demand side, economic conditions and the level of oil inventories have traditionally played a role in oil prices and will continue to do so. Increasingly, however, the rate of substitution of oil and gas by alternative, cleaner fuel sources such as renewables, as well as policies adopted by governments and financing entities worldwide to accelerate the energy transition and by oil and gas companies to adapt their strategies to the energy transition, will also play a significant role in oil prices. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Another factor affecting oil and gas prices has been the ability of producers in the United States and Canada to rapidly increase production from their reserves of tight oil and shale gas in response to changes in market conditions. Production from U.S. tight oil reserves has grown in recent years to represent over 10% of global liquids production, and production from shale gas plays has converted the United States into a net exporter of natural gas and a major player in the LNG market.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Following three years of relatively stable oil prices of around $100 per barrel, prices started to decline in the middle of 2014 as the rate of U.S. production increase began to exceed the increase in global demand and OPEC confirmed at its November 2014 meeting that it would not cut production to balance demand. Consequently, prices reached levels below $30 per barrel in January 2016. Prices then recovered to around $80 per barrel during 2018 once OPEC and other producers agreed to cut production levels to accelerate the market rebalancing process. By this time, OPEC and other producers had lifted their production cuts and U.S. oil production was increasing at a rate greater than the increase in global demand. Oil prices declined 40% in the fourth quarter of 2018 before partially recovering in 2019. In 2020, the COVID-19 pandemic caused a sudden and precipitous drop in global oil demand and oil prices collapsed even entering negative territory at one point. Since then, prices have recovered above their pre-pandemic level with the recovery in demand and actions by OPEC member countries and other producers to cut and then gradually increase production levels. In addition, energy and commodity prices spiked upwards at the onset of the armed conflict involving Russia and Ukraine although they have subsequently fallen back to a large extent. LNG prices, fell back at the end of 2022 and beginning of 2023 reflecting unusually warm winter weather conditions and reduced industrial demand in Europe which resulted in far lower drawdowns from storage than is customary for this period of the year. For more information on the impact of the armed conflict in Ukraine, see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry &#8211; The Russia-Ukraine armed conflict may adversely affect our operations&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The 2014 collapse of oil prices, led oil and gas operators to substantially reduce their exploration and production investments. This, in turn, resulted in a severe contraction in demand and pressure on pricing for steel pipes used in oil and gas drilling and associated operations. During 2017, however, oil and gas operators in North America, who were very successful in reducing production costs and increasing drilling efficiencies in their shale plays, increased investments in response to more favorable market conditions, and U.S. operators continued to do so in 2018. However, from 2019, operators have reduced investment in the shales as they reacted to financial market pressures to achieve positive cash flow returns. With the collapse of oil prices in March 2020 and continuing pressure from financial markets to generate positive free cash flows<span style="font-size: 8pt; line-height: inherit;"><sup>6</sup></span> , oil and gas operators around the world made further substantial reductions in their exploration and production investments, to a level around 40% of the average of the 2012-2014 period. Although investments have been increasing again, global spending on exploration and production remained well below pre-pandemic levels during 2022.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Since the development of the prolific Marcellus shale gas play, North American gas prices have remained at low levels compared to previous decades and relative to other major gas-consuming regions and global LNG prices. For several years, production increases, primarily from productive shale gas deposits, have exceeded regional demand increases, reducing the need for imports, to the extent that, in 2017, the United States became a net exporter of natural gas. Low prices have encouraged investment in gas consuming industrial facilities and LNG export facilities as well as switching from coal to gas for electric power production, particularly with the adoption of new regulations which could force the retirement of older coal-based generating units. With continuing investments in LNG export facilities, the United States has become a major global LNG exporter, and, over the past two years, has brought more new LNG capacity to the international market than any other producer.</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 15%;"><br/></td><td style="width: 85%;"><br/></td></tr></tbody></table><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span><sup><span style="font-size: 8pt;">6</span></sup><span style="font-size: 8pt;">Free cash flow is a non-IFRS alternative performance measure&#8212;please see Exhibit 15.2 for more information on this measure.</span></span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">78</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Until the Russian invasion of Ukraine LNG prices used to reflect supply and demand conditions in Asia, the major LNG-consuming region, although demand had been increasing in regions like Europe, which imports LNG to supplement its traditional pipeline imports from Russia and other neighboring gas-producing regions, and South America, which imports LNG in its winter season and to supplement hydroelectric energy when rainfall is low. In 2022, however, Europe became a major competitor to Asia in the LNG market as it sought to replace Russian pipeline gas at almost any cost. As Europe phases out imports of pipeline gas from Russia, demand for LNG in Europe is likely to continue to grow in the coming years, and this is changing the price dynamics of the industry. Demand and prices are likely to remain high until a new wave of capacity in Qatar and North America can be brought on stream from 2025. Consumption, though not necessarily prices, will continue to show seasonal fluctuations, increasing in the North Asian winter period and declining in the summer months. The efforts to fill European storage capacity and increase import capacity has, however, increased price volatility. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">U.S. natural gas prices increased during 2021, reaching $6 per million BTU as LNG export capacity came on stream and demand increased. In late 2022 and early 2023, prices declined to a level of $2-3 per million BTU in February 2023 as LNG export demand was capped by capacity limitations and the temporary shutdown of a facility while domestic demand during the winter heating season was lower than usual.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Drilling activity in the United States and Canada, following several years of high activity, fell sharply through 2015 and the first half of 2016 before beginning a recovery which ended at the end of 2018. Drilling activity declined throughout 2019 in response to a fall in oil prices at the end of 2018 and financial market pressures to produce positive cash flow returns. This decline turned into a collapse with the onset of the COVID-19 pandemic in 2020. Since then, there has been a steady recovery through 2021 and 2022. Production levels today are higher than before the 2014 collapse of oil prices but rig counts are much lower, reflecting the strong productivity gains made by the U.S. oil and gas drilling industry. In the rest of the world, drilling activity began to decline in the second half of 2014, continued to decline during 2015, 2016 and 2017 before a gradual recovery in the second half of 2018 and 2019. Following the onset of the COVID-19 pandemic in 2020, drilling activity in the Eastern Hemisphere declined more slowly and later than in Latin America but then recovered later and more gradually than in Latin America.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Prior to the 2014 downturn in oil prices, a growing proportion of exploration and production spending by oil and gas companies had been directed at offshore, deep drilling and non-conventional drilling operations in which high-value tubular products, including special steel grades and premium connections, are usually specified. The success, however, of shale drilling operators, with their inherently short investment cycles, in adapting to lower oil and gas prices and increasing production, led to a slowdown in new developments of complex offshore projects with long investment lead times in a context of low and more volatile oil prices, consequently affecting the level of product differentiation. More recently, however, offshore drilling activity has increased again as exploration has continued and cost-competitive developments, like those in Brazil, Guyana, and sub-Saharan Africa, are being sanctioned and developed.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, the increasing cost competitiveness and use of alternative renewable sources of energy will limit growth in demand for oil and gas and put downward pressure on oil and gas prices in the longer term. This trend will accelerate if carbon taxes or carbon pricing instruments resulting in high prices for carbon emissions, or other regulations aimed at reducing the use of fossil fuels, are implemented around the world. There has been a substantial increase in the number of commitments to reduce carbon emissions from governments and public companies, including those operating in the oil and gas industry, and increased calls on governments and financial entities to introduce regulations and policies to accelerate the energy transition away from fossil fuels to cleaner sources of energy. Major oil and gas companies have been adapting their strategies to address the energy transition and some are even setting out commitments to significantly reduce production as early as 2030. For more information on climate change regulations, see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to Our Business and Industry -&#160;Climate change legislation and increasing regulatory requirements aimed at transitioning to a lower-carbon economy may reduce demand for our products and services and result in unexpected capital expenditures and costs, and negatively affect our reputation&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On the other hand, we expect that the energy transition will create new markets for the use of our products and services including in the transportation and storage of hydrogen and for carbon capture and sequestration systems. We constantly monitor the evolution of the strategies of our main customers and scenarios for future energy demand, considering the global objectives for addressing climate change through the reduction of carbon emissions and national objectives to achieve carbon-neutrality. We also assess the market outlook for our products with reference to the different scenarios for oil and gas demand published by our customers, international agencies such as the IEA and expert energy market consultancies such as Rystad, with particular reference to scenarios that are consistent with the goals of the Paris Agreement and those focused on technological change and the rate of adoption of new technologies. These assessments are used as fundamental input for evaluating our business strategy and how to address the risks and opportunities arising from climate change.&#160;</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">79</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The tables below show the annual average number of active oil and gas drilling rigs, or rig count, in the United States, Canada, Latin America and Eastern Hemisphere (worldwide other than the United States, Canada and Latin America, excluding Iran, Sudan, onshore China, Russia and Syria) and Worldwide, as published by Baker Hughes, for the years indicated and the percentage increase or decrease over the previous year. Baker Hughes, a leading oil service company, has published its rig counts on a monthly basis since 1975 as a general indicator of activity in the oil and gas sector.</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Rig count</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 108px; width: 100%;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.94%; height: 20px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.76%; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.76%; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.76%; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.76%; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2019</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 40.94%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Latin America</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 168 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 137 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 107 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 190 </span></p></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.94%; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other International <span style="vertical-align: super; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 683 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 618 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 718</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 908</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.94%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Canada </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 175 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 132 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 89 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 134 </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.94%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">United States </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 723 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 478 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 433 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 943 </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.94%; height: 17px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Worldwide </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,749</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,365 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,347 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.76%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2,175 </span></p></td></tr></tbody></table><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 15%;"><br/></td><td style="width: 85%;"><br/></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-size: 10pt;"><span style="text-indent: -14.2pt; vertical-align: super;">(*)</span><span style="text-indent: -14.2pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Excludes Iran, Sudan, onshore China, Russia and Syria (discontinued in February 2013).</span></span><br/></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Percentage increase (decrease) over the previous year</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.44%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.9%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 16.84%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 16.84%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 51.44%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Latin America</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.9%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">23%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">28%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(44%)</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.44%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other International <span style="vertical-align: super; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.9%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(14%)</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(21%)</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.44%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Canada </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.9%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">33%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(33%)</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.44%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">United States </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.9%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">51%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(54%)</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.44%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Worldwide </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 14.9%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">28%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1%</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 16.84%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; border-right-color: #ffffff !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(38%)</span></p></td></tr></tbody></table><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 15%;"><br/></td><td style="width: 85%;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="text-indent: -14.2pt; vertical-align: super; line-height: inherit;">(*)</span><span style="text-indent: -14.2pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Excludes Iran, Sudan, onshore China, Russia and Syria (discontinued in February 2013).</span></span><br/></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bo_V23M9Z8MDS00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Critical Accounting Estimates</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">This discussion and analysis of our financial condition and results of operations is based on our audited consolidated financial statements, which have been prepared in accordance with IFRS. IFRS differs in certain significant aspects from U.S. GAAP.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The preparation of our audited consolidated financial statements and related disclosures in conformity with IFRS requires us to make estimates and assumptions that might affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities and the reported amounts of revenue and expenses. Management evaluates its accounting estimates and assumptions, including those related to impairment of goodwill and long-lived assets;&#160; impairment in investment in associates; income taxes; obsolescence of inventory; contingencies; allowance for trade receivables; post-employment and other long-term benefits; business combinations; useful lives of property, plant and equipment and other long-lived assets; fair value estimation of certain financial instruments and property title ownership restriction, and revises them when appropriate. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances. These estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Although management believes that these estimates and assumptions are reasonable, they are based upon information available at the time they are made. Actual results may differ significantly from these estimates under different assumptions or conditions. For more information see &#8220;II. Accounting Policies&#8221; to our consolidated financial statements included in this annual report.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; font-family: 'times new roman', times;" class="pageno">80</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i><span><span style="float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table></div><div style="font-family: 'times new roman', times; font-size: 10pt; margin: 10pt 0pt; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bo_CLHJ9YVHHC00000000000000000000" class="customBookmark"><span style="font-size: 10pt; text-indent: -56.7pt; color: #003366; font-weight: bold; line-height: inherit;">Directors, Senior Management</span><span style="font-size: 10pt; text-indent: -56.7pt; color: #003366; font-weight: bold; line-height: inherit;"> and Employees</span></a><br/></div><div id="Dk7jbwl2ahcd1fp8qkpqooz" style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 8pt; text-indent: 0pt;"><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bp_XND9EN2R8W00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Directors and Senior Management</span></a></div><div style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Board of Directors</span></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Management of the Company is vested in a board of directors with the broadest power to act on behalf of the Company and accomplish or authorize all acts and transactions of management and disposal that are within its corporate purpose and not specifically reserved in the articles of association or by applicable law to the general shareholders&#8217; meeting<span style="font-weight: bold; line-height: inherit;">. </span>The Company&#8217;s articles of association provide for a board of directors consisting of a minimum of three and a maximum of fifteen directors; however, for as long as the Company&#8217;s shares are listed on at least one regulated market, the minimum number of directors must be five. The Company&#8217;s current board of directors is composed of eleven directors.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="background-color: #ffffff; color: #242424; line-height: inherit;">The board of directors is required to meet as often as required by the interests of the Company and at least four times per year. Board of directors</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">&#8217;</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;"> meetings can be validly held by means of teleconference call, video conference or any other means genuinely allowing for the participation, interaction and intercommunication of the attending directors. Written decisions, signed by all the directors, are proper and valid as though they had been taken at a meeting of the board of directors</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;"> duly convened and held. In 2022</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">, the Company&#8217;s board of directors met </span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">nine</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;"> times and adopted </span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">four</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;"> unanimous written resolution</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">s</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">. A majority of the members of the board of directors in office present or represented at the board of directors&#8217; meeting constitutes a quorum, and resolutions may be adopted by the vote of a majority of the directors present or represented. In case of a tie, the </span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">c</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">hairman is entitled to cast the deciding vote.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Directors are elected at the annual ordinary general shareholders&#8217; meeting to serve one-year renewable terms, as determined by the general shareholders&#8217; meeting. The general shareholders&#8217; meeting also determines the number of directors that will constitute the board and their compensation. The general shareholders&#8217; meeting may dismiss all or any one member of the board of directors at any time, with or without cause, by resolution passed by a simple majority vote, irrespective of the number of shares represented at the meeting.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s articles of association provide that the board of directors of the Company may within the limits of applicable law, (a) delegate to one or more persons, whether or not members of the board of directors, the powers necessary to carry out its decisions and to provide day-to-day management (except for approval of material transactions with related parties, which may not be delegated and shall be approved by the board of directors prior opinion of the audit committee), (b) confer to one or more persons, whether or not members of the board of directors the powers deemed to be appropriate for the general technical, administrative and commercial management of the Company, (c) constitute an audit committee formed by directors, determining its function and authority, and (d) constitute any other committee, whose members may or may not be members of the board of directors and determine their functions and authority. On May 3, 2022, the board of directors appointed Tenaris&#8217;s chief executive officer as <span style="font-style: italic; line-height: inherit;">administrateur d&#233;l&#233;gu&#233;</span> and delegated to him the power to manage the Company&#8217;s affairs within the ordinary course of business, to the full extent permitted by Luxembourg law, to direct and supervise the business activities of the Company&#8217;s subsidiaries and to represent the Company in relation to such matters.</span></p><div style="border-bottom: 0.5pt solid #000000; margin: 0pt; line-height: 1.2;"><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On May 3, 2022, the Company&#8217;s annual general shareholders&#8217; meeting appointed Ms. Maria Novales-Flamarique to the board of directors and re-appointed Mr. Simon Ayat, Mr. Roberto Bonatti, Mr. Carlos Condorelli, Mr. Germ&#225;n Cur&#225;, Mr. Roberto Monti, Mr. Gianfelice Mario Rocca, Mr. Paolo Rocca, Mr. Jaime Jos&#233; Serra Puche, Ms. Monica Tiuba and Mr. Guillermo Vogel, as members of its board of directors, each board member to serve until the next annual shareholders&#8217; meeting that will be convened to decide on the Company&#8217;s 2022 annual accounts. The board of directors subsequently reappointed Paolo Rocca as board chairman and Tenaris&#8217;s chief executive officer and Guillermo Vogel and Germ&#225;n Cur&#225; as vice chairmen of the board.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following table sets forth the name of the Company&#8217;s current directors, their respective positions on the board of directors, their principal occupation, their years of service as board members and their age.</span><br/></p><div style="text-indent: 0pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">81</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table></div><p style="margin:0pt"><br/></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 25.74%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Name</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 10.92%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 43.66%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Principal Occupation</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.62%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Years as Board Member</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 11.08%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Age at </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">December 31, 2022</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Simon Ayat</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director of the Company</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 3 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 68 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Roberto Bonatti <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(1)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director of San Faustin</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 20 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 73 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Carlos Condorelli</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director of the Company and Ternium</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 16 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 71 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Germ&#225;n Cur&#225;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director and Vice Chairman of the Company's board of directors</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 5 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 60 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Roberto Monti</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director of YPF S.A.</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; 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border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Strategy Advisor</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 1 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 46 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Gianfelice Mario Rocca<span style="vertical-align: super; line-height: inherit; font-size: 8pt;"> (1)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chairman of the board of directors of San Faustin<br/></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; 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border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director / CEO</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Chairman of the Company's board of directors and</span><br/></span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tenaris's<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;">&#160;</span>chief executive officer</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 21 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 70 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Jaime Jos&#233; Serra Puche</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chairman of S.A.I. Derecho &amp; Econom&#237;a</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 20 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 71 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ms. Monica Tiuba</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director of the Company and chairperson of the Company's audit committee</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 5 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 44 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 25.74%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Guillermo Vogel</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 10.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.66%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Director and Vice Chairman of the Company's board of directors</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 8.62%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 20 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 11.08%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 72 </span></p></td></tr></tbody></table><p style="border-bottom: 0.5pt solid #000000; margin: 0pt; padding-bottom: 1pt; line-height: 1.2;"><br/></p><p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(1)&#160; Paolo Rocca and Gianfelice Mario Rocca are brothers, and Roberto Bonatti is Paolo and Gianfelice Mario Rocca&#8217;s first cousin.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="background-color: #ffffff; color: #242424; text-decoration: underline; line-height: inherit;">Simon Ayat.</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">&#160;</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">Mr. Ayat is a member of the Company&#8217;s board of directors and of its audit committee. He served as Schlumberger&#8217;s executive vice president and chief financial officer from 2007 until early 2020 and as senior strategic advisor to the chief executive officer of Schlumberger until January 2022. Mr. Ayat has held several financial and operational positions in Schlumberger, where he commenced his career in 1982. He was based in Paris, Houston and Dallas, as well as in the Middle East and Far East regions, serving as group treasurer, controller, geomarket manager for Indonesia and drilling regional vice president for Asia Pacific. Mr. Ayat is also a member of the board of directors of Liberty Oilfield Services, a leading provider of hydraulic fracturing and wireline services to E&amp;P companies in North America. He is a French and Lebanese citizen.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Roberto Bonatti</span>. Mr. Bonatti is a member of the Company&#8217;s board of directors. He is a grandson of Agostino Rocca, founder of the Techint Group, a group of companies controlled by San Faustin. Throughout his career in the Techint Group he has been involved specifically in the engineering and construction and corporate sectors. He was first employed by the Techint Group in 1976, as deputy resident engineer in Venezuela. In 1984, he became a director of San Faustin, and from 2001 until 2020 he has served as its president. He is also a member of the board of directors of Ternium. Mr. Bonatti is an Italian citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Carlos Condorelli</span>. Mr. Condorelli is a member of the Company&#8217;s board of directors.&#160;He served as the Company&#8217;s chief financial officer from October 2002 until September 2007. He is also a board member of Ternium.&#160;He has held several positions within Tenaris, including also the chief financial officer position in some of the principal Tenaris Group companies and member of the Company&#8217;s audit committee between November 1, 2017 and May 2, 2018. He also served as president of the board of directors of Empresa Distribuidora La Plata S.A. (&#8220;Edelap&#8221;), an Argentine utilities company. Mr. Condorelli is an Argentine citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Germ&#225;n Cur&#225;</span>. Mr. Cur&#225; is a member of the Company&#8217;s board of directors and also holds the position of Vice Chairman of the Company&#8217;s board of directors. He served as president of our operations in North America until May 2, 2018, a position held&#160;since 2006. He was first employed by Siderca in 1988. Previously, he served as Siderca&#8217;s exports director, Tamsa&#8217;s exports director and commercial director, sales and marketing manager of our Middle East subsidiary, president of Algoma Tubes, president and chief executive officer of Maverick Tubulars and president and chief executive officer of Hydril, director of our Oilfield Services global business unit and Tenaris commercial director. He was also a member of the board of directors of API and of the American Iron and Steel Institute (&#8220;AISI&#8221;). He is a marine engineer from the Instituto Tecnol&#243;gico de Buenos Aires and an MBA graduated from the Massachusetts Institute of Technology. Mr. Cur&#225; is an U.S. citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Roberto Monti</span>. Mr. Monti is a member of the Company&#8217;s board of directors and of its audit committee. He is a member of the board of directors of YPF S.A. He has served as vice president of exploration and production of Repsol YPF and as chairman and chief executive officer of YPF. He was also the president of Dowell, a subsidiary of Schlumberger and the president of Schlumberger wire &amp; testing division for East Hemisphere Latin America. Mr. Monti is an Argentine citizen.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">82</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Maria Novales-Flamarique.</span>&#160;Ms. Novales-Flamarique is a member of the Company&#8217;s board of directors. She advises multinational institutions on a variety of strategic and transformational issues. Previously, she was country head for Generation Mexico, an NGO founded by McKinsey &amp; Company that transforms education-to-employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible. She was also a partner at McKinsey &amp; Company, leading more than 50 teams advising companies in Mexico, other Latin American countries, the United States and Europe. She began her career in asset management at Letko, Brosseau &amp; Associates in Montreal, Canada, and worked as an investment banker at Citigroup Global Markets in New York City. She currently serves as an independent director at Scotiabank Mexico, where she is a member of the risk and talent committees. She also sits on advisory boards at several fintech, HRtech, insurtech start-ups and venture capital funds. She holds an MBA from London Business School, a B.A. from HEC Montreal and is a CFA Charterholder. Ms. Novales-Flamarique</span><span style="line-height: inherit;"> is a Canadian, Spanish, and U.S. citizen.</span><span style="text-decoration: underline; line-height: inherit;"><br/></span></span></p><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Gianfelice Mario Rocca</span>. Mr. Rocca is a member of the Company&#8217;s board of directors. He is a grandson of Agostino Rocca. He is chairman of the board of directors of San Faustin, member of the board of directors of Ternium, president of the Humanitas Group and president of the board of directors of Tenova. Moreover, in Italy, he is member of the board of&#160;Bocconi University and&#160;of the advisory board of Politecnico di Milano. At international level, he is member of&#160;the Harvard Business School Advisory Board and member of the European Round Table of Industrialists (&#8220;ERT&#8221;). Mr. Rocca is an Italian citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Paolo Rocca</span>. Mr. Rocca is the Chairman of the Company&#8217;s board of directors and has been our chief executive officer since 2002. He is a grandson of Agostino Rocca. He is also the chairman of the board of directors of Ternium and a director and President of San Faustin. He is a member of the executive committee of the World Steel Association. Mr. Rocca is an Italian citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Jaime </span><span style="text-decoration: underline; line-height: inherit;">Jos&#233; </span><span style="text-decoration: underline; line-height: inherit;">Serra Puche</span>. Mr. Serra Puche is a member of the Company&#8217;s board of directors and of its audit committee. He is the chairman of SAI Derecho &amp; Economia, a Mexican consulting firm, and a member of the board of directors of the Mexico Fund, Grupo Vitro, and chairman of the board of BBVA. Mr. Serra Puche served as Mexico&#8217;s Undersecretary of Revenue, Secretary of Trade and Industry, and Secretary of Finance. He led the negotiation and implementation of NAFTA. Mr. Serra Puche is a Mexican citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Mo</span><span style="text-decoration: underline; line-height: inherit;">nica Tiuba</span>. Ms. Tiuba is a member of the Company&#8217;s board of directors and chairperson of the audit committee. She is a Brazilian qualified lawyer and accountant with 20 years of professional experience in Brazil and Luxembourg. She started her career at Barbosa, Mussnich &amp; Arag&#227;o law firm in Rio de Janeiro, Brazil, where she practiced corporate law, M&amp;A and tax litigation. She worked in EY and PwC, in the Brazil and Luxembourg offices, advising multinational clients, private equity houses and family offices. She gained banking experience working as international senior wealth planner at Banque Edmond de Rothschild, in Luxembourg. She currently serves as member of the board of directors of Investing for Development SICAV, a Luxembourg social impact fund and of its Forest and Climate Change Fund and she is also a member of Freyr Battery&#8217;s board of directors and chairperson of the audit and risk committee. She holds a Master of Laws in International and Comparative Law at the Vrije Universiteit Brussel, a specialization in EU tax law from Leiden University and a Master of Laws in international taxation from Vienna University of Economics. Ms. Tiuba is a Brazilian and Luxembourgish citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="background-color: #ffffff; color: #242424; text-decoration: underline; line-height: inherit;">Guillermo Vogel</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">. Mr. Vogel is a member of the Company&#8217;s board of directors and also holds the position of vice chairman of the board. He is the chairman of G Collado SAB de C.V. and Exportaciones IM Promoci&#243;n S.A. de C.V., and served during three different periods as president of </span>C&#225;mara Nacional de la Industria del Hierro y el Acero (&#8220;CANACERO&#8221;)<span style="background-color: #ffffff; color: #242424; line-height: inherit;">, the Steel Chamber in Mexico, where he is currently a member of the Executive Commission. He also served as vice chairman of the board of the American Iron and Steel Institute (&#8220;AISI&#8221;). Mr. Vogel is also a member of the board of directors of each of Techint, S.A. de C.V., Alfa S.A.B. de C.V., Banco Santander (Mexico) S.A., the Un</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;">iversidad Panamericana &#8211; IPADE,</span><span style="background-color: #ffffff; color: #242424; line-height: inherit;"> Innovare R&amp;D S.A. de C.V and Club de Industriales, A.C. In addition, he is a member of The Trilateral Commission and member of the International Board of The Manhattan School of Music and chairman of the US-Mexico CEO Dialogue. Mr. Vogel is a Mexican citizen.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Board members Ayat, Monti, Novales-Flamarique, Serra Puche and Tiuba qualify as independent directors under the Exchange Act Rule 10A-3(b)(1) and the Company&#8217;s articles of association.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Directors&#8217; Liability</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Each director must act in the interest of the Company, and in accordance with applicable laws, regulations, and the Company&#8217;s articles of association. Directors are also bound by a general duty of care owed to the Company.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under the Luxembourg law of August 10, 1915, on commercial companies, as amended (the &#8220;Luxembourg Company Law&#8221;), directors may be liable to the Company in accordance with general law for the execution of their mandate and for any misconduct in the management of the Company&#8217;s affairs. Directors are jointly and severally liable towards either the Company or any third parties from damages resulting from the violation of the Luxembourg Company Law or the Company&#8217;s articles of association. Directors shall be discharged from such liability in the case of a violation to which they were not a party provided no misconduct is attributable to them and such violation has been reported to the first general meeting of shareholders after they have acquired knowledge thereof.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">83</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="break-after: avoid; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Causes of action against directors for damages may be initiated by the Company upon a resolution of the general shareholders&#8217; meeting passed by a simple majority vote, irrespective of the number of shares represented at the meeting. Causes of action against directors who misappropriate corporate assets or commit a breach of trust may be brought by any shareholder for personal losses different from those of the Company.</span></p><p style="margin: 5pt 0pt 12pt; break-after: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">An action may also be brought against the directors on behalf of the Company by shareholders who, at the general meeting which decided to discharge such directors or members, owned voting securities representing at least ten percent of the votes attaching to all such securities.</span></p><p style="margin: 5pt 0pt 12pt; break-after: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">It is customary in Luxembourg that the shareholders expressly discharge the members of the board of directors from any liability arising out of or in connection with the exercise of their mandate when approving the annual accounts of the Company at the annual general shareholders meeting. However, any such discharge will not release the directors from liability for any damage caused by unrevealed acts of mismanagement or unrevealed breaches of the Luxembourg Company Law or the Company&#8217;s articles of association, nor will it release directors from liability for any personal loss of the shareholders independent and separate from losses suffered by the Company due to a breach either revealed or unrevealed of the Luxembourg Company Law or the Company&#8217;s articles of association.</span></p><p style="break-after: avoid; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under Luxembourg law, unless the decision of the board of directors relates to ordinary business entered into under normal conditions, any director having a direct or indirect financial interest conflicting with that of the Company in a transaction which has to be considered by the board of directors, must advise the board thereof and cause a record of her/his statement to be included in the minutes of the meeting and may not take part in the deliberations. At the next following general meeting, before any other resolution is put to vote, a special report must be made on any transactions in which any of the directors may have had an interest conflicting with that of the Company.</span></p><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Auditors</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s articles of association require the appointment of an independent audit firm in accordance with applicable law. The primary responsibility of the auditor is to audit the Company&#8217;s annual accounts and consolidated financial statements and to submit a report on the accounts to shareholders at the annual shareholders&#8217; meeting. In accordance with applicable law, auditors are chosen from among the members of the Luxembourg Institute of Independent Auditors (<span style="font-style: italic; line-height: inherit;">Institut des r&#233;viseurs d&#8217;entreprises</span>).</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Auditors are appointed by the general shareholders&#8217; meeting upon recommendation from the Company&#8217;s audit committee through a resolution passed by a simple majority vote, irrespective of the number of shares represented at the meeting, to serve one-year renewable terms. Auditors may be dismissed for reasonable cause by the general shareholders&#8217; meeting at any time. Luxembourg law does not allow directors to serve concurrently as external auditors. As part of their duties, auditors report directly to the audit committee.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Pursuant to its charter, the Company&#8217;s audit committee is responsible for, among other things, the oversight of the independence and performance of the Company&#8217;s external auditors. The audit committee is also responsible to consider and make recommendations to the board of directors, to be put to shareholders for approval at the annual general meeting of shareholders, regarding the appointment, re-appointment or removal of the Company&#8217;s external auditors.&#160;In addition, the audit committee is responsible to review the appropriateness and provision of permitted non-audit fees and to review and approve any fees (whether for audit, audit-related and non-audit services) payable to the Company&#8217;s external auditors. On a yearly basis, in the performance of its functions, the audit committee considers the appointment of the Company&#8217;s external auditors and reviews, together with management and the external auditor, the audit plan, audit related services and other non-audit services. The audit committee requests the board of directors to submit the audit committee&#8217;s recommendation for the appointment of the Company&#8217;s external&#160;auditor&#160;for&#160;each&#160;fiscal year and the&#160;payment of applicable&#160;fees, for final approval by&#160;the general shareholders&#8217; meeting. The general shareholders&#8217; meeting regularly approves audit fees and authorizes the audit committee to approve any increase or reallocation of such audit fees as may be necessary, appropriate or desirable under the circumstances. No services outside the scope of the audit committee&#8217;s approval can be undertaken by the external auditor.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The shareholders&#8217; meeting held on May 3, 2022, re-appointed PwC Luxembourg as the Company&#8217;s independent approved statutory auditor for the fiscal year ended December 31, 2022. At the next annual general shareholders&#8217; meeting scheduled to be held on May 3, 2023, it will be proposed that PwC Luxembourg be re-appointed as the Company&#8217;s independent approved statutory auditors for the fiscal year ending December 31, 2023, and that Ernst &amp; Young (&#8220;EY&#8221;) be appointed as the Company&#8217;s external auditors for the fiscal year ending December 31, 2024, following the completion of a tender process for the selection of a replacement audit firm for the year 2024, in response to applicable EU and Luxembourg mandatory auditor rotation rules.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">84</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Senior Management</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our current senior management as of the date of this annual report consists of:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 32.16%; border-bottom: 1pt solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Name</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 43.36%; border-bottom: 1pt solid #000000; vertical-align: bottom; border-left-color: #ffffff !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Position</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 24.5%; border-bottom: 1pt solid #000000; vertical-align: bottom; border-left-color: #ffffff !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Age at </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">December 31, 2022</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Paolo Rocca</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chairman and Chief Executive Officer</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 70 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Ms. Alicia M&#243;ndolo <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(1)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chief Financial Officer</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 64 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Antonio Caprera</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chief Industrial Officer</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 62 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Gabriel Casanova</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chief Supply Chain Officer</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 64 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Alejandro Lammertyn</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chief Digital and Information Officer</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 57 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Luis Scartascini</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chief Human Resources Officer</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 49 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Marcelo Ramos</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Chief Technology Officer</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 59 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Vicente Manjarrez</span></p></td><td style="padding-left: 5.4pt; 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padding-right: 5.4pt; vertical-align: bottom; width: 32.16%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Renato Catallini</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">President, Brazil</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 56 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Javier Mart&#237;nez Alvarez</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">President, Southern Cone</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 56 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Gabriel Podskubka <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(2)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">President, Eastern Hemisphere</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 49 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 32.16%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Mr. Michele Della Briotta</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.36%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">President, Europe</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.5%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160; 50 </span></p></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table style="width: 100%; margin: 0pt 0pt 10pt; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 2.4121%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(1)</span></td><td style="width: 97.5879%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Effective April 1, 2023, Alicia M&#243;ndolo will also be in charge of supervising the Process Improvement &amp; IT department.</span></td></tr><tr><td style="width: 2.4121%; vertical-align: top;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">(2)</span></td><td style="width: 97.5879%;"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Effective April 1, 2023, Gabriel Podskubka will become Tenaris&#8217;s chief operating officer.</span></span></td></tr></tbody></table><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Paolo Rocca</span>. Mr. Rocca is the Chairman of the Company&#8217;s board of directors and has been our chief executive officer since 2002. He is a grandson of Agostino Rocca. He is also the chairman of the board of directors of Ternium and a director and President of San Faustin. He is a member of the executive committee of the World Steel Association. Mr. Rocca is an Italian citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Alicia M&#243;ndolo</span>. Ms. M&#243;ndolo currently serves as our Chief Financial Officer, a position she took on in August 2019. Ms. M&#243;ndolo joined the Techint Group in 1984 and has more than 35 years of experience in accounting and reporting, audit and finance. From 2010 to 2016, she served as Chief Audit Executive of Tenaris. Previously and from 2016 to 2019, she served as financial officer in several companies in the Techint Group. Effective April 1, 2023, Ms. M&#243;ndolo will also be in charge of supervising the Process Improvement &amp; IT department. Ms. M&#243;ndolo is an Argentine and Italian citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Antonio Caprera</span>. Mr. Caprera currently serves as our Chief Industrial Officer, a position he took on in April 2017. He joined the company in 1990. From 2000 to 2006 he served as quality director at Dalmine in Italy, where he later took on responsibilities as production director until 2012. From that year and until 2015 he served as production director at Siderca in Argentina, after which he took on responsibilities as global industrial coordinator based in Mexico until March 2017. Mr. Caprera is an Italian citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Gabriel Casanova</span>. Mr. Casanova currently serves as our Chief Supply Chain Officer, with responsibility for the execution of all contractual deliveries to customers. After graduating as a marine and mechanical engineer, he joined Siderca&#8217;s export department in 1987. In 1995 he became Siderca&#8217;s Chief Representative in China and from 1997 to 2009 he held several positions in the commercial area in Dalmine. In 2009 he became the head of our supply chain network and in October 2012 he took on his current position. Mr. Casanova is an Argentine citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Alejandro Lammertyn</span>. Mr. Lammertyn currently serves as our Chief Digital and Information Officer, a position he took in 2020. Mr. Lammertyn began his career with Tenaris in 1990. Previously, he served as assistant to the chief executive officer for marketing, organization and mill allocation, supply chain director, commercial director, Eastern Hemisphere area manager and strategic planning director. Mr. Lammertyn is an Argentine citizen.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">85</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Luis Scartascini</span>. Mr. Scartascini currently serves as our Chief Human Resources Officer, a position he took on in January 2022. After receiving a degree in industrial engineering, he started his career in Siderca in 1997 and then moved to Houston in 2003 to be part of the company&#8217;s commercial office in the United States. In 2005 he moved back to Argentina to serve as the director of the Global Trainee program before heading to Dubai in 2010 to lead the Middle Eastern Business Unit and later support the acquisition of Saudi Steel Pipes. He returned to the United States in 2018 as commercial vice president and played a leading role in the commercial integration of IPSCO. Mr. Scartascini is an Argentine and Italian citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Marcelo Ramos</span>. Mr. Ramos currently serves as our Chief Technology Officer, with responsibility over technology and quality. Previously he served as corporate quality director and managing director of NKKTubes. He joined the Techint Group in 1987 and has held various positions within Tenaris. He took on his current position in April 2010, when the quality and technology departments were combined. Mr. Ramos is an Argentine citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Vicente Manjarrez</span>. Mr. Manjarrez is currently president of our operations in the Andean Region, Central America and the Caribbean, based in Colombia , a position he took on in September 2019. He began his career at our Tamsa mill in Veracruz, Mexico in 2003 as part of the maintenance team and eventually adopted a leading role in the expansion of the plant in 2009 as manager of the new rolling mill. In 2015 he moved to Romania to lead the technical sales team before returning to Colombia to take on the role of senior commercial director in 2017. Mr. Manjarrez is a Mexican citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Luca Zanotti</span>. Mr. Zanotti currently serves as president of our operations in the United States. In 2002, he joined Exiros, the procurement company for the Techint Group, as planning and administration director. He was later promoted to raw materials director and in July 2007 became managing director of Exiros, a position he held until 2010. He served as regional manager Europe, and managing director of Dalmine from 2011 to 2015, when he took on his current position. Before joining the Techint Group, he was a senior manager at A.T. Kearney in Milan, where he worked from 1998 to 2002, and prior to that he held various business development positions in the Far East for Lovato Electric. Mr. Zanotti is an Italian citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Sergio de la Maza</span>. Mr. de la Maza currently serves as our president, Mexico and also serves as managing director and executive vice-president of Tamsa. He first joined Tamsa in 1980. From 1983 to 1988, Mr. de la Maza worked in several positions in Tamsa. He then became manager of Tamsa&#8217;s new pipe factory and later served as manufacturing manager and quality director of Tamsa. Subsequently, he was named manufacturing director of Siderca. He took on his current position in 2003. Mr. de la Maza is a Mexican citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Ricardo Prosperi</span>. Mr. Prosperi has served as president of our operations in Canada since September 2019. He joined the Techint Group in 1985, working in the Siderar planning department. From 1985 to 1998, Mr. Prosperi held several positions in Siderar before becoming the exports general manager of Sidor. He later went on to be the commercial director in Siderar. After a period as president of Ternium Sidor in Venezuela and then International Area Manager for Ternium, he joined Tenaris in 2010, where he has served as president of our operations in the Andean Region, Central America and the Caribbean, based in Colombia. Mr. Prosperi is an Argentine citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Renato Catallini</span>. Mr. Catallini currently serves as president of our operations in Brazil, a position that he took on in October 2012, after having served as our supply chain director since August 2007. He joined Tenaris in 2001 in the supply management area, as a general manager of Exiros Argentina. In July 2002, he was appointed operations director and subsequently, in January 2005, became managing director of Exiros. Before joining Tenaris, he worked for ten years in the energy sector, working for TGN, Nova Gas International, TransCanada Pipelines and TotalFinaElf, among others. Mr. Catallini is an Argentine and Italian citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Javier Mart&#237;nez &#193;lvarez</span>. Mr. Mart&#237;nez &#193;lvarez currently serves as president of our operations in the Southern Cone, a position he took on in June 2010, having previously served as our Andean area manager. He began his career in the Techint Group in 1990, holding several positions including planning manager of Siderar and commercial director of Ternium-Sidor. In 2006, he joined Tenaris as our Venezuela area manager. Mr. Mart&#237;nez <span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA; mso-bidi-font-weight: bold;">&#193;lvarez&#160;</span>is an Argentine citizen.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Gabriel Podskubka</span>. Mr. Podskubka currently serves as president of our operations in the Eastern Hemisphere, based in Dubai. He took on his current position in April 2013 after serving as the head of our operations in Eastern Europe for four years. After graduating as an industrial engineer Mr. Podskubka joined the Techint Group in 1995 in the marketing department of Siderca. He held various positions in the marketing, commercial, and industrial areas until he was appointed as oil &amp; gas sales director in the United States in 2006. Effective April 1, 2023, Mr. Podskubka will become Tenaris&#8217;s chief operating officer. Mr. Podskubka is an Argentine citizen.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">86</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="text-decoration: underline; line-height: inherit;">Michele Della Briotta</span>. Mr. Della Briotta currently serves as president of our operations in Europe, a position he took on in July 2016. He first joined Tenaris in 1997 and has worked in areas such as industrial planning, operations, supply chain and commercial in Italy, Mexico, Argentina and the United States. Most recently he served as Tenaris&#8217;s area manager for Romania. Mr. Della Briotta is an Italian citizen.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bddd_46CB77SE1S00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Compensation</span></a></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The compensation payable to the members of the Company&#8217;s board of directors for the performance of their services to the Company is determined at the annual ordinary general shareholders&#8217; meeting. The general meeting of shareholders held on May 3, 2022, approved the compensation paid to directors for the performance of their duties during the fiscal year 2022 and resolved that (i) each director receives a fixed compensation for an amount of $115,000; (ii) each director who is also a member of the Company&#8217;s audit committee receives an additional fee of $55,000; and (iii) the chairperson of the Company&#8217;s audit committee receives an additional fee of $10,000. No variable compensation has been paid or shall be payable to directors for services rendered during the year 2022 and no long-term incentive or pension plan is available to directors.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The compensation paid to the Company&#8217;s managing director or chief executive officer is determined by the board of directors. The cash compensation paid or payable to the chief executive officer for the performance of his duties during the year 2022 amounts to $9.5 million, of which $3 million corresponds to fixed compensation and $6.5 million corresponds to variable compensation. No long-term incentive or pension plan is awarded to the chief executive officer.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The aggregate cash compensation paid to all directors and senior managers of the Company for the year 2022 amounted to $35.2 million. This amount includes cash benefits paid to certain senior managers in connection with pre-existing retirement plans. In addition, directors and senior managers received for the year 2022, 437 thousand units for a total amount of $5.1 million in connection with the employee retention and long-term incentive program described in note II.P.3 &#8220;Accounting Policies - Employee benefits - Other long-term benefits&#8221; to our audited consolidated financial statements included in this annual report.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Luxembourg Law of August 1, 2019 (amending the Luxembourg Law of May 24, 2011) (the &#8220;Shareholders&#8217; Rights Law&#8221;) on the exercise of certain rights of shareholders in general meetings of listed companies, which transposes EU Directive 2017/828 of the European Parliament and of the Council of May 17, 2017 (amending Directive 2007/36/EC) regarding the encouragement of long-term shareholder engagement in listed companies within the Member States of the European Union, requires EU listed companies to adopt a Compensation Policy setting forth the principles and guidelines for purposes of determining the compensation payable to the members of the Company&#8217;s board of directors and the managing director or chief executive officer and annual Compensation Reports describing the annual compensation paid to directors and the chief executive officer for the performance of their duties.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s board of directors approved, at its meeting held on April 29, 2020, the Compensation Policy of the Company, which was submitted to an advisory non-binding vote at the shareholders meeting held on June 2, 2020, and approved by majority vote. The Compensation Policy is available on the Company&#8217;s website and will be submitted to the non-binding vote of the shareholders every four years, to the extent required by Luxembourg law, or in the event of a material amendment thereto.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, on March 31, 2023, the Company&#8217;s board of directors approved the 2022 Compensation Report, which is available on the Company&#8217;s website and will be submitted to the non-binding vote of the shareholders at the next general meeting of shareholders scheduled to be held on May 3, 2023.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Beee_GE0HIKDKQO00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Board Practices</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Audit Committee</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Pursuant to the Company&#8217;s articles of association, as supplemented by the audit committee&#8217;s charter, for as long as the Company&#8217;s shares are listed on at least one regulated market, the Company must have an audit committee composed of at least three members, the majority of whom must qualify as independent directors, provided, however, that the composition and membership of the audit committee shall satisfy such requirements as are applicable to, and mandatory for, audit committees of issuers such as the Company under any law, rule or regulation applicable to the Company (including, without limitation, the applicable laws, rules and regulations of such regulated market or markets).</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under the Company&#8217;s articles of association, an independent director is a director who:</span></p><div style="text-indent: 0pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">87</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><table style="height: 85px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; margin: 10pt 0pt;"><tbody><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top; width: 5%;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td style="height: 17px; width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;">is not and has not been employed by us or our subsidiaries in an executive capacity for the preceding five years;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;">is not a person that controls us, directly or indirectly, and is not a member of the board of directors of a company controlling us, directly or indirectly;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;">does not have (and is not affiliated with a company or a firm that has) a significant business relationship with us, our subsidiaries or our controlling shareholder;</span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;">is not and has not been affiliated with or employed by a present or former auditor of us, our subsidiaries or our controlling shareholder for the preceding five years;&#160;<span style="font-style: italic; line-height: inherit;">and</span></span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td style="height: 17px;"><p style="line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;">is not a spouse, parent, sibling or relative up to the third degree of any of the above persons.</span></p></td></tr></tbody></table><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The audit committee of the Company&#8217;s board of directors currently consists of four members: Mr. Simon Ayat, Mr. Roberto Monti, Mr. Jaime Jos&#233; Serra Puche and Ms. Monica Tiuba, who were appointed to the audit committee by the Company&#8217;s board of directors on May 3, 2022. As of the date of this annual report, all members of the audit committee qualify as independent directors both for purposes of the Exchange Act Rule 10A-3(b)(1), and under the Company&#8217;s articles of association. The board of directors of the Company has determined that Ms. Tiuba qualifies as &#8220;audit committee financial expert&#8221; under applicable SEC rules and has competence in accounting or auditing matters, as required by applicable Luxembourg law. In addition, the membership of the audit committee as a whole has sufficient relevant knowledge of the business and financial experience to properly discharge its functions.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The audit committee operates under a charter amended and restated by the board of directors on October 8, 2021. The audit committee assists the board of directors in its oversight responsibilities relating to (i) the integrity of the Company&#8217;s financial statements; (ii) the effectiveness of the Company&#8217;s systems of internal control, risk management and internal audit over financial reporting; and (iii) the independence and performance of the Company&#8217;s external auditors. The audit committee also performs other duties entrusted to it by the Company&#8217;s board of directors or required to be performed by it under applicable laws and regulations.</span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #242424; line-height: inherit;">In addition, the audit committee is required to review and, where applicable, approve material transactions between the Company or its subsidiaries and related parties, as provided in the Company&#8217;s articles of association, or as may be required by any law, rule or regulation applicable to the Company, in order to determine whether their terms are consistent with the interests of the Company and all its shareholders and are consistent with market conditions or are otherwise fair to the Company and its subsidiaries. The Company has adopted a Related Party Transactions Policy and Procedure setting forth the revised, updated and consolidated guidelines and processes through which the Company identifies, approves and manages related party transactions, seeking to assure transparency and substantial and procedural fairness of such transactions, as well as compliance with the provisions in the Company&#8217;s articles of association and the audit committee charter relating to transactions with related parties, Luxembourg rules relating to the approval and disclosure of material related party transactions, and Section 314.00 of the NYSE Listed Company Manual.</span><span style="color: #242424; line-height: inherit;">&#160;</span></span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #242424; line-height: inherit;">Under the Company&#8217;s articles of association, as supplemented by the Related Party Transactions Policy and Procedure, a &#8220;related party&#8221; 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or (viii) any entity that has a member of key management in common with the Company or any of its subsidiaries (provided that key management personnel includes persons having authority and responsibility for planning, directing and controlling the activities of an entity, including directors and executive officers and close family members of any such individuals).</span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #242424; line-height: inherit;">With respect to the materiality threshold for review and approval of related party transactions, the Company&#8217;s articles of association, as supplemented by the audit committee&#8217;s charter and the Related Party Transactions Policy and Procedure, provide that the following related party transactions, which are qualified as </span><span style="color: #242424; line-height: inherit;">&#8220;</span><span style="color: #242424; line-height: inherit;">Level 1</span><span style="color: #242424; line-height: inherit;">&#8221;</span><span style="color: #242424; line-height: inherit;"> related party transactions, are subject to review by the audit committee, which shall make a recommendation to the board of directors as to either reject or approve the proposed related party transaction:</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">88</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; 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line-height: inherit;">&#160;</span><span style="color: #242424; font-style: italic; line-height: inherit;">and</span></span></p></td></tr><tr style="height: 20px;"><td style="width: 5.02862%; text-align: center; vertical-align: top; height: 20px;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td style="width: 94.9714%; height: 20px;"><p style="line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #242424; line-height: inherit;">any</span><span style="color: #242424; line-height: inherit;">&#160;corporate reorganization transaction (including a merger, spin-off or bulk transfer of a business) affecting the Company or any of its subsidiaries for the benefit of, or involving, a related party.</span></span></p></td></tr></tbody></table><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #242424; line-height: inherit;">In addition, any related party transaction that does not qualify as a &#8220;Level 1&#8221; related party transaction, but which has an individual value equal to or higher than $5 million (which is the value threshold determined by management to be material to the Company for disclosure purposes under &#8220;Related Parties Transactions&#8221; of this annual report), qualifies as a &#8220;Level 2&#8221; related party transaction and must be reviewed by the audit committee for purposes of making a determination as to whether any conflicts of interest exist and whether the proposed related party transaction is consistent with the interests of the Company and all shareholders, in order to either reject or approve the proposed transaction. Any related party transaction that is for less than such value qualifies as a &#8220;Level 3&#8221; related party transaction and is reviewed by the Company&#8217;s related-party transaction unit, the area within the Company responsible for centralizing and compiling the information relating to all related party transactions and performing the review, assessment and other procedures contemplated in the Related Party Transactions Policy and Procedure.&#160;</span></span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #242424; line-height: inherit;">The audit committee has the power (to the maximum extent permitted by applicable laws) to request that the Company or relevant subsidiary promptly provide all information necessary for the audit committee to assess the material transactions with related parties that it is required to review. In no event may any proposed related party transaction be entered into or otherwise be given effect unless it has been reviewed and approved in accordance with the Related Party</span><span style="color: #242424; line-height: inherit;"> Transactions</span><span style="color: #242424; line-height: inherit;"> Policy and Procedure. Any executed transaction that has not been duly reviewed and approved must be promptly submitted for review in accordance with applicable procedures and, if determined appropriate, must be ratified; if the transaction is not ratified, it must be modified to make it acceptable for ratification or it must otherwise be immediately discontinued or rescinded.</span></span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="color: #242424; font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The audit committee has the authority to conduct any investigation appropriate to the fulfillment of its responsibilities and has direct access to the Company&#8217;s external auditors as well as anyone in the Company and, subject to applicable laws and regulations, its subsidiaries. In addition, the audit committee may engage, at the Company&#8217;s expense, independent counsel and other internal or external advisors to review, investigate or otherwise advise on, any matter as the committee may determine to be necessary to carry out its purposes and responsibilities.</span></p><p style="background-color: #ffffff; margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #242424; line-height: inherit;">In addition, the Company has established a management-level Critical Risk Committee (&#8220;CRC&#8221;) that assists the Company&#8217;s board of directors, the audit committee and the chief executive officer in connection with the monitoring, assessment and review of risks to which Tenaris is exposed and in the oversight of the risk management framework and processes, with a focus on critical risks (including accidents, cybersecurity, commercial execution, environmental, health and safety and regulatory risks), the development of mitigating actions, and the monitoring of action plans. The CRC operates under a Critical Risk Management charter approved by the board of directors on November 1, 2017, which sets forth the roles, composition and responsibilities of the CRC. The CRC assists the board of directors, the audit committee and the chief executive officer with the oversight of the risks to which Tenaris is exposed and monitors the risk management process, including risk mapping, mitigation and prevention, with a focus on critical risks. The CRC periodically reports to the board of directors, the audit committee and the chief executive officer on its activities.</span></span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">89</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div></div><div id="Dqao5fn6q47q54ghb1odkto" style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; text-indent: 0pt;"><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><div style="margin: 10pt 0pt 10pt 28.35pt; break-after: avoid; text-indent: -28.35pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Br_Y86IIE1Q4W00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Employees</span></a></div><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table shows the number of persons employed by Tenaris as of December 31:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 37.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.7%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.7%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 20.7%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Argentina</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,444</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,169</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,376</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Mexico</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,919</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,474</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,501</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">USA</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,509</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,684</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,596</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Italy</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,136</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,011</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,039</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Romania</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,847</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,725</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,552</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Brazil</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,460</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,817</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,360</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Colombia</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,183</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,009</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">746</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Canada</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">944</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">758</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">561</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Indonesia</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">495</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">506</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">521</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Japan</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">379</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">399</span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 37.92%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other countries</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,344</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,244</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,377</span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 37.92%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">25,292</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">22,776</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20.7%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">19,028</span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt;">The ramp-up of activity, particularly in our U.S., Canadian and Argentine operations, following the recovery in demand, has led to a substantial increase in our headcount during the year, with shop-floor employees and technical leaders increasing by more than 2,000 from December 2021 to December 2022, and professional employees increasing by approximately 400 over the same period of time. We reinforced health, safety and environment training to ensure all employees receive training to minimize incidents and accidents while keeping quality and productivity levels high on the production lines.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Our headcount decreased in Japan and Brazil. In Japan, the reduction was caused by the termination of the joint venture agreement with JFE and cease of NKKTubes&#8217; operations in Japan. In Brazil, headcount decreased as a result of the discontinuation of Confab Equipamentos activities in its industrial facility in Moreira C&#233;sar, Pindamonhangaba, S&#227;o Paulo, Brazil.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Approximately two-thirds of our employees are unionized. In all countries where we have presence, we operate in compliance with applicable rules and regulations. We forge our relations with the unions based on the premise of an open dialogue and a rich interchange of proposals.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris is committed to leading with care, providing a flexible and agile working environment that encourages health, safety and wellbeing, accountability, inclusion and trust, allowing employees to develop their skills and careers while contributing to our goals.&#160;</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In terms of human resources our goals are:</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="text-align: center; vertical-align: top; width: 5%;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">to foster trust and empower employees to manage and promote change and innovation, providing them with the training and technological resources to succeed;</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">to embed sustainability values through transparent and effective processes, helping employees shape their professional careers;</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">to encourage continuous learning and feedback through concrete tools;<span>&#160;</span><span style="font-style: italic;">and</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td><p>to respect and promote diversity and inclusion in all its forms, focused on gender, age, culture and background.</p></td></tr></tbody></table><p style="margin: 0pt 0pt 0pt 36pt;"><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">90</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company&#8217;s Code of Conduct prohibits unlawful discrimination in employment relationships, granting all people the right to apply for a position in Tenaris, or to be considered for a new position based on merit, without arbitrary discrimination. The Company&#8217;s Human Resources Policy champions equal opportunities by ensuring that hiring, promotion, transfer, notice periods, dialogue, rights and protection, as well as other employment decisions are taken without regard for race, color, religious belief, gender, age, disability, national origin or sexual orientation. Compensation and remuneration are based on each person&#8217;s duties, personal performance, competence and behavior. Tenaris pursues a policy of inclusive corporate culture and leadership, recognizing the range of benefits brought by embracing diversity in all its aspects, from gender to nationality and age. Specifically, we are making headway in our drive to improve the gender balance, in the knowledge that tackling the male-dominated traditions prevalent in the steel industry will contribute positively to our performance culture.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bs_6HAH3LQHM800000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Share Ownership</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">To our knowledge, the total number of shares (in the form of ordinary shares or ADSs) beneficially owned by our directors and senior management as of the date of this annual report was 858,712, which represents 0.07% of our outstanding shares.</span></p><p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table provides information regarding share ownership by our directors and senior management:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.8%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Director or Officer</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 42.2%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Number of Shares Held</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.8%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.2%; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.8%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Guillermo Vogel</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.2%; background-color: #cceeff; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 850,446 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.8%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Carlos Condorelli</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.2%; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 4,320 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.8%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Gabriel Podskubka</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.2%; background-color: #cceeff; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,946 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.8%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.2%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 858,712 </span></p></td></tr></tbody></table><div style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bt_DC5YTPZIXC00000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Major Shareholders and Related Party Transactions</span></a></div><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bu_R3WYPXCSKW00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Major Shareholders</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table shows the beneficial ownership of our securities (in the form of shares or ADSs) by (1) the Company&#8217;s major shareholders (persons or entities that have notified the Company of holdings in excess of 5% of the Company&#8217;s share capital), non-affiliated public shareholders, and (2) the Company&#8217;s directors and senior management as a group. The information below is based on the most recent information provided to the Company.</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.78%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Identity of Person or Group</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 24.44%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Number</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.78%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Percent</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.78%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.44%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.78%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.78%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">San Faustin<span style="vertical-align: super; font-size: 8pt;"> (1) </span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.44%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 713,605,187 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.78%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">60.45%</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.78%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Directors and senior management as a group</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.44%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 858,712 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.78%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0.07%</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.78%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Public </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.44%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 466,072,931 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.78%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">39.48%</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57.78%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 24.44%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 1,180,536,830 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.78%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">100.00%</span></p></td></tr></tbody></table><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 15px;"><tbody><tr style="height: 15px;"><td style="width: 12.7146%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 15px;"><br/></td><td style="width: 87.2854%; height: 15px;"><br/></td></tr></tbody></table><p style="line-height: 10pt; margin: 0pt 0pt 10pt 14.2pt; text-indent: -14.2pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="vertical-align: super; font-size: 8pt;">(1)</span>&#160; San Faustin owns all of its shares in the Company through its wholly-owned subsidiary Techint Holdings S.&#224; r.l. The private foundation located in the Netherlands RP STAK holds voting rights in San Faustin sufficient in number to control San Faustin. No person or group of persons controls RP STAK.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The voting rights of the Company&#8217;s major shareholders do not differ from the voting rights of other shareholders. None of its outstanding shares have any special control rights. The Company&#8217;s articles of association do not contain any provision that would have the effect of delaying, deferring or preventing a change in control of the Company and that would operate only with respect to a merger, acquisition or corporate restructuring involving the Company or any of its subsidiaries.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company does not know of any significant agreements or other arrangements to which the Company is a party and which take effect, alter or terminate in the event of a change of control of the Company. The Company does not know of any arrangements, the operation of which may at a later date result in a change of control of the Company.</span></p><div style="text-indent: 0pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">91</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><div style="margin: 10pt 0pt 10pt 28.35pt; break-after: avoid; text-indent: -28.35pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bv_7TP47W9EXS00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Related Party Transactions</span></a></div><p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris is a party to several related party transactions as described in note 30 &#8220;Related party transactions&#8221; to our Consolidated Financial Statements included in this annual report. Material related party transactions are subject to the review of the audit committee of the Company&#8217;s board of directors and the requirements of Luxembourg law. For further details on the approval process for related party transactions, see &#8220;Directors, Senior Management and Employees &#8211; Board Practices &#8211; Audit Committee&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Purchases of Steel Products and Raw Materials</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In the ordinary course of business, we purchase round steel bars, flat steel products and other raw materials from Ternium or its subsidiaries. These purchases were made on terms no less favorable to Tenaris than terms that could have been obtained from unrelated third parties. These transactions include:</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="text-align: center; vertical-align: top; width: 5%;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">Purchases of round steel bars made under a frame agreement for use in our seamless steel pipe operations in Mexico, which amounted to $111 million in 2022 and $157 million in 2021.</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">Purchases of flat steel products for use in the production of welded pipes and accessories, which amounted to $101 million in 2022, $32 million in 2021 and $13 million in 2020.</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td><p>Purchases of scrap and other raw materials for use in the production of seamless pipes, which amounted to $12 million in 2022, $9 million in 2021 and $2 million in 2020.</p></td></tr></tbody></table><p style="margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In the ordinary course of business, we purchase flat steel products from Usiminas for use in our welded steel pipe operations. These purchases, which were made on terms no less favorable to Tenaris than terms have been obtained from unrelated third parties, amounted to $335 million in 2022, $27 million in 2021 and $20 million in 2020.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Sales of Raw Materials</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In the ordinary course of business, we sell ferrous scrap and other raw materials to Ternium or its subsidiaries. These sales, which are made on similar terms and conditions as sales to other unrelated third parties, amounted to $39 million in 2022, $36 million in 2021 and $15 million in 2020.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Purchase Agency Services and Sales of Materials</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Exiros B.V. (&#8220;Exiros&#8221;), in which we have 50% share ownership and Ternium owns the remaining 50%, provides purchase agency services and raw materials and other products to various companies controlled by or under the significant influence of San Faustin. Pursuant to the Exiros shareholders&#8217; agreement, Tenaris recognizes Exiros&#8217; assets, liabilities, revenue and expenses in relation to its interest in the joint operation. Exiros&#8217; total sales to companies controlled by or under the significant influence of San Faustin totaled $140 million in 2022, $76 million in 2021 and $9 million in 2020.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Supply of Electric Energy</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Techgen, which is currently owned 48% by Ternium, 30% by Tecpetrol and 22% by Tenaris, operates an electric power plant in Pesquer&#237;a, Mexico. Ternium and Tenaris currently contract 78% and 22%, respectively, of Techgen&#8217;s power capacity. Techgen sells to third parties on behalf of Tenaris the unused electricity that Tenaris purchased from Techgen.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Techgen net sales of electricity to Tenaris amounted to $102 million in 2022, $70 million in 2021 and $48 million in 2020.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Supply of Natural Gas</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">We are party to contracts with Tecpetrol relating to the supply of natural gas to our operations in Argentina. Tecpetrol is a company controlled by San Faustin, engaged in oil and gas exploration and production and has rights to various oil and gas fields in Argentina and elsewhere in Latin America.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tecpetrol supplies Tenaris&#8217;s Argentine subsidiaries with natural gas requirements under market conditions and according to local regulations. Tecpetrol&#8217;s sales to Tenaris amounted to $44 million in 2022, $32 million in 2021 and $12 million in 2020.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Provision of Engineering and Labor Services</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris contracts with certain companies controlled by San Faustin specialized in supplying engineering services and non-specialist manual labor services, such as industrial cleaning, general maintenance, handling of by-products and construction services. Fees accrued for these services in the aggregate amounted to $28 million in 2022, $7 million in 2021 and $13 million in 2020.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">92</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Sales of Steel Pipes and Sucker Rods</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In the ordinary course of business, we sell steel pipes, sucker rods and related services to other companies controlled by or under the significant influence of San Faustin. These sales, which are made principally to companies involved in the construction of gas pipelines and to Tecpetrol and joint ventures in which Tecpetrol participates, for its oil and gas drilling operations, are made on similar terms and conditions as sales to unrelated third parties. Our sales of steel pipes and sucker rods as well as logistical and certain other services to other companies controlled by or under the significant influence of San Faustin amounted to $149 million in 2022, $77 million in 2021 and $22 million in 2020. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Sales of Fracking and Coiled Tubing Services</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">We provide fracking and coiled tubing services to Tecpetrol and joint ventures in which Tecpetrol participates, for its oil and gas drilling operations, which amounted to $102 million in 2022 and $45 million in 2021.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Administrative Services, Legal and Other Support Services</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Finma S.A. (&#8220;Finma&#8221;), a company controlled by San Faustin in which Tenaris has a 33% interest and other affiliates of San Faustin own the remaining shares, provides administrative and legal support services to San Faustin&#8217;s affiliates in Argentina, including Tenaris. Fees accrued for these services amounted to $14 million in 2022, $10 million in 2021 and $7 million in 2020. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Loans to Related Parties</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris financed the construction and operation of Techgen&#8217;s Pesquer&#237;a project primarily in the form of subordinated loans to Techgen. Outstanding principal amount of loans to Techgen as of December 31, 2022, 2021 and 2020 amounted to $58 million. These loans generated interest gains in favor of Tenaris in an amount of $4 million in 2022 and $3 million in 2021 and 2020.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Other Transactions</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">We entered into various contracts with Tenova (and subsidiaries), a company controlled by San Faustin, for the provision of furnaces, spare parts, accessories and related services for our facilities. Supplies received amounted to $8 million in 2022 and $1 million in 2021.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In addition, in the ordinary course of business, from time to time, we carry out other transactions and enter into other arrangements with other related parties, including natural gas transport services, rental services related to the supply of coiled tubing services and information technology services,&#160;none of which are considered to be material.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bw_NKCEC3VLSW00000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Financial Information</span></a></div><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bx_RSGIV4425C00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Consolidated Statements and Other Financial Information</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">See &#8220;Financial Statements&#8221;&#160;</span><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif';">and pages F-1 through F-77 for our audited consolidated financial statements.</span><span style="font-family: 'Frutiger 45 Light','sans-serif';"></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Legal Proceedings</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris is from time to time subject to various claims, lawsuits and other legal proceedings, including customer, employee, tax and environmental-related claims, in which third parties are seeking payment for alleged damages, reimbursement for losses, or indemnity. Management with the assistance of legal counsel periodically reviews the status of each significant matter and assesses potential financial exposure. </span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Some of these claims, lawsuits and other legal proceedings involve highly complex issues, and often these issues are subject to substantial uncertainties and, therefore, the probability of loss and an estimation of damages are difficult to ascertain. Accordingly, with respect to a large portion of such claims, lawsuits and other legal proceedings, the Company is unable to make a reliable estimate of the expected financial effect that will result from ultimate resolution of the proceeding. In those cases, the Company has not accrued a provision for the potential outcome of these cases.</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">If a potential loss from a claim, lawsuit or other proceeding is considered probable and the amount can be reasonably estimated, a provision is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements and take into consideration litigation and settlement strategies. In a limited number of ongoing cases, the Company was able to make a reliable estimate of the expected loss or range of probable loss and, depending on the likelihood of occurrence, in some of such cases has accrued a provision for such loss but believes that publication of this information on a case-by-case basis would seriously prejudice the Company&#8217;s position in the ongoing legal proceedings or in any related settlement discussions. Accordingly, in these cases, the Company has disclosed information with respect to the nature of the contingency but has not disclosed its estimate of the range of potential loss.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">93</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company believes that the aggregate provisions recorded for potential losses in its consolidated financial statements (see notes 23 &#8220;Non-current allowances and provisions&#8221; and 24 &#8220;Current allowances and provisions&#8221; to our audited consolidated financial statements included in this annual report) are adequate based upon currently available information. However, if management&#8217;s estimates prove incorrect, current reserves could be inadequate and the Company could incur a charge to earnings which could have a material adverse effect on its results of operations, financial condition, net worth and cash flows.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic; font-weight: bold;">Material</span><span style="font-style: italic; font-weight: bold;"> Legal Proceedings</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Below is a summary description of Tenaris&#8217;s material legal proceedings for the year ended December 31, 2022. In addition, Tenaris is subject to other legal proceedings, none of which is believed to be material.</span></p><ul><li style="letter-spacing: -0.1pt; line-height: 12pt; margin: 0pt 0pt 12pt 23.78pt; padding-left: 7.72pt; break-after: avoid; text-indent: 0pt;"><span style="font-style: italic; font-weight: bold;">CSN claims relating to the</span><span style="font-style: italic; font-weight: bold;">January 2012 acquisition of Usiminas</span></li></ul><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Confab, a Brazilian subsidiary of the Company, is one of the defendants in a lawsuit filed in Brazil by Companhia Sider&#250;rgica Nacional (&#8220;CSN&#8221;) and various entities affiliated with CSN against Confab and several Ternium subsidiaries that acquired a participation in Usiminas&#8217; control group in January 2012.</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The CSN lawsuit alleges that, under applicable Brazilian laws and rules, the acquirers were required to launch a tag-along tender offer to all non-controlling holders of Usiminas&#8217; ordinary shares for a price per share equal to 80% of the price per share paid in such acquisition, or BRL28.8, and seeks an order to compel the acquirers to launch an offer at that price plus interest. If so ordered, the offer would need to be made to 182,609,851 ordinary shares of Usiminas not belonging to Usiminas&#8217; control group, and Confab would have a 17.9% share in that offer.</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On September 23, 2013, the first instance court dismissed the CSN lawsuit, and on February 8, 2017, the court of appeals maintained the understanding of the first instance court. On August 18, 2017, CSN filed an appeal to the Superior Court of Justice seeking the review and reversal of the decision issued by the Court of Appeals. On March 5, 2018, the court of appeals ruled that CSN&#8217;s appeal did not meet the requirements for submission to the Superior Court of Justice and rejected the appeal. On May 8, 2018, CSN appealed against such ruling and on January 22, 2019, the court of appeals rejected it and ordered that the case be submitted to the Superior Court of Justice. On September 10, 2019, the Superior Court of Justice declared CSN&#8217;s appeal admissible. On March 7, 2023, the Superior Court of Justice, by majority vote, rejected CSN&#8217;s appeal. Plaintiffs may still appeal against the Superior Court of Justice&#8217;s decision. At this time, the Company cannot predict whether CSN will appeal against the decision and, if appealed, the ultimate resolution of the matter. </span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company continues to believe that all of CSN&#8217;s claims and allegations are groundless and without merit, as confirmed by several opinions of Brazilian legal counsel, two decisions issued by the Brazilian securities regulator (&#8220;CVM&#8221;) in February 2012 and December 2016, the first and second instance court decisions and the March 2023 decision of the Superior Court of Justice referred to above.</span></p><ul><li style="letter-spacing: -0.1pt; line-height: 12pt; margin: 0pt 0pt 12pt 23.78pt; padding-left: 7.72pt; break-after: avoid; text-indent: 0pt;"><span style="font-style: italic; font-weight: bold;">Veracel celulose accident litigation</span></li></ul><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On September 21, 2007, an accident occurred in the premises of Veracel Celulose S.A. (&#8220;Veracel&#8221;) in connection with a rupture in one of the tanks used in an evaporation system manufactured by Confab. The Veracel accident allegedly resulted in material damages to Veracel. Ita&#250; Seguros S.A. (&#8220;Ita&#250;&#8221;), Veracel&#8217;s insurer at the time of the Veracel accident and then replaced by Chubb Seguros Brasil S/A (&#8220;Chubb&#8221;), initiated a lawsuit against Confab seeking reimbursement of damages paid to Veracel in connection with the Veracel accident. Veracel initiated a second lawsuit against Confab seeking reimbursement of the amount paid as insurance deductible with respect to the Veracel accident and other amounts not covered by insurance. Ita&#250; and Veracel claimed that the Veracel accident was caused by failures and defects attributable to the evaporation system manufactured by Confab. Confab believes that the Veracel accident was caused by the improper handling by Veracel&#8217;s personnel of the equipment supplied by Confab in violation of Confab&#8217;s instructions. The two lawsuits were consolidated and are considered by the 6th Civil Court of S&#227;o Caetano do Sul. However, each lawsuit will be adjudicated separately.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">94</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="line-height: 12pt; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On September 28, 2018, Confab and Chubb entered into a settlement agreement pursuant to which on October 9, 2018, Confab paid an amount of approximately $3.5 million to Chubb, without assuming any liability for the accident or the claim.</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On October 10, 2018, Confab was notified that the court had issued rulings for both lawsuits. Both decisions were unfavorable to Confab:</span></p><table style="width: 100%; margin-left: 0.1px; height: 40px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 15px;"><td style="height: 15px; padding: 0px; width: 5%; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 16px;">&#8226;</span></td><td style="height: 15px; width: 95%; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">With respect to Chubb&#8217;s claim, the court subsequently homologated the above-mentioned settlement and, accordingly, the claim was finalized.</p></td></tr><tr style="height: 15px;"><td style="height: 15px; text-align: center; vertical-align: top; width: 5%;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 15px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">With respect to<span>&#160;</span>Veracel&#8217;s<span>&#160;</span>claim, Confab was ordered to pay the insurance deductible and other concepts not covered by insurance, currently estimated to amount to BRL91.9 million (approximately $17.4 million) including interest, fees and expenses. Both parties filed motions for clarification against the court&#8217;s decision, which were partially granted. Although the contract between Confab and<span>&#160;</span>Veracel<span>&#160;</span>expressly provided that Confab would not be liable for damages arising from lost profits, the court award would appear to include BRL78.8 million (approximately $15.10 million) of damages arising therefrom. Confab has additional defense arguments in respect of a claim for lost profits. On December 18, 2018, Confab filed an appeal against the first instance court decision, and on April 30, 2019,<span>&#160;</span>Veracel<span>&#160;</span>filed its response to the appeal. In June 2022, the court resolved that it lacked jurisdiction to decide on the appeal, which was re-allocated to another court. The parties are currently waiting for the trial of the appeal to be scheduled. At this stage the Company cannot predict the outcome of the claim or the amount or range of loss in case of an unfavorable outcome.</p></td></tr><tr style="height: 10px;"><td style="height: 10px; text-align: center; vertical-align: top; width: 5%;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 10px; vertical-align: top; width: 95%;" valign="top"><p style="margin: 0pt; text-indent: 0pt;"><span style="font-style: italic; font-weight: bold;">Petrobras-related proceedings and claims</span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 6pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company is aware that Brazilian, Italian and Swiss authorities investigated whether certain payments were made prior to 2014 from accounts of entities presumably associated with affiliates of the Company to accounts allegedly linked to individuals related to Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;) and whether any such payments were intended to benefit the Company&#8217;s Brazilian subsidiary Confab.</span><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;">Upon learning of the investigation, the audit committee of the Company's board of directors engaged external counsel in connection with the Company&#8217;s review of these matters. In addition, the Company voluntarily notified the SEC and the DOJ in October 2016. The Company conducted, with the assistance of external counsel, an internal investigation and found no evidence corroborating any involvement by the Company or its directors, officers or employees in respect of improper payments. An internal investigation commissioned by Petrobras also found no evidence that Confab obtained any unfair commercial benefit or advantage from Petrobras in return for payments, including improperly obtained contracts. On June 2, 2022, the Company resolved the investigation by the SEC, and the DOJ informed that it had closed its parallel inquiry without taking action. Under the settlement with the SEC, the Company neither admits nor denies the SEC&#8217;s findings and on June 24, 2022, paid $53.1 million in disgorgement and prejudgment interest and $25 million for a civil penalty to conclude the matter.</p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In July 2019, the Company learned that the public prosecutors&#8217; office of Milan, Italy, had completed a preliminary investigation into the same alleged payments and had included in the investigation, among other persons, the Company&#8217;s chairman and chief executive officer, two other board members, Gianfelice Rocca and Roberto Bonatti, and the Company&#8217;s controlling shareholder, San Faustin. The Company is not a party to the proceedings. On March 22, 2022, upon completion of the evidentiary phase of the trial, the acting prosecutor requested the first-instance court in Milan in charge of the case to impose sanctions on the Company&#8217;s chairman and chief executive officer, on the other two board members, and on San Faustin. The Company&#8217;s outside counsel in Italy advised the Company that neither the case file nor the prosecutor&#8217;s request contain or identify any evidence of involvement in, or knowledge of, the alleged wrongdoing by any of the three directors. On May 26, 2022, the first-instance court dismissed the case brought by the public prosecutor against the defendants for lack of jurisdiction and stated that the criminal proceeding should not have been initiated. On October 7, 2022, the public prosecutor filed an appeal against the first-instance court&#8217;s decision.</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In June 2020, the Brazilian public prosecutors&#8217; office requested the indictment of several individuals, including three executives or former executives of Confab and a former agent of Confab, charging them with the alleged crimes of corruption in relation to contracts executed between 2007 and 2010, and money laundering in relation to payments between 2009 and 2013. These criminal proceedings are underway. Neither the Company nor Confab is a party to these criminal proceedings.</span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In addition, Petrobras and the Brazilian public prosecutors filed civil claims for damages against, among others, Confab and the Confab executives named in the criminal proceedings referred to above. Confab became aware of these civil claims in September 2022. As of December 31, 2022, the aggregate amount of these claims was estimated at BRL284.2 million (or approximately $54.5 million). The plaintiffs also seek that Confab be prohibited from contracting with, or receiving benefits or exemptions from, the Brazilian state for an unspecified term. Confab believes these claims do not address either the defense arguments or the evidence available to the plaintiffs in Brazil and presented in other jurisdictions and is vigorously contesting them. At this stage, the Company cannot predict the outcome of these civil proceedings.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">95</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom: 1pt solid #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom: 1pt solid #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><ul><li style="letter-spacing: -0.1pt; line-height: 12pt; margin: 0pt 0pt 12pt 23.78pt; padding-left: 7.72pt; break-after: avoid; text-indent: 0pt;"><span style="font-style: italic; font-weight: bold;">Putative class actions</span></li></ul><p style="background-color: #ffffff; line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Following the Company&#8217;s November 27, 2018, announcement that its Chairman and CEO Paolo Rocca had been included in an Argentine court investigation known as the Notebooks Case (a decision subsequently reversed by a higher court), two putative class action complaints were filed in the U.S. District Court for the Eastern District of New York. On April 29, 2019, the court consolidated the complaints into a single case, captioned &#8220;In re Tenaris S.A. Securities Litigation&#8221;, and appointed lead plaintiffs and lead counsel. On July 19, 2019, the lead plaintiffs filed an amended complaint purportedly on behalf of purchasers of Tenaris securities during the putative class period of May 1, 2014, through December 5, 2018. The individual defendants named in the complaint are Tenaris&#8217;s Chairman and CEO and Tenaris&#8217;s former CFO. The complaint alleges that during the class period, the Company and the individual defendants inflated the Tenaris share price by failing to disclose that the nationalization proceeds received by Ternium (in which the Company held an 11.46% stake) when Sidor was expropriated by Venezuela were received or expedited as a result of allegedly improper payments made to Argentine officials. The complaint does not specify the damages that plaintiff is seeking. On October 9, 2020, the court granted in part and denied in part the defendants&#8217; motions to dismiss. The court partially granted and partially denied the motion to dismiss the claims against the Company and its Chairman and CEO. In addition, the court granted the motions to dismiss as to all claims against San Faustin, Techint, and Tenaris&#8217;s former CFO. On November 11, 2022, the parties filed a joint notice of settlement announcing a settlement in principle of all claims in the action, subject to finalizing the settlement agreements and court approval. The parties&#8217; agreement in principle provides that, in exchange for dismissal of the action and customary releases from class members and with no admission of liability by Tenaris or Mr. Rocca, Tenaris will pay to the class $9.5 million (inclusive of legal fees to lead plaintiff&#8217;s counsel). On March 10, 2023, the lead plaintiffs filed a motion for preliminary approval of the class settlement.</span></p><ul><li style="letter-spacing: -0.1pt; line-height: 12pt; margin: 0pt 0pt 12pt 23.78pt; padding-left: 7.72pt; break-after: avoid; text-indent: 0pt;"><span style="font-style: italic; font-weight: bold;">Administrative proceeding concerning Brazilian tax credits</span></li></ul><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Confab is a party to an administrative proceeding concerning the recognition and transfer of tax credits for an amount allegedly exceeding the amount that Confab would have been entitled to recognize and / or transfer. The proceeding resulted in the imposition of a fine against Confab representing approximately 75% of the allegedly undue credits, which was appealed by Confab. On January 21, 2019, Confab was notified of an administrative decision denying Confab&#8217;s appeal, thereby upholding the tax determination and the fine against Confab. On January 28, 2019, Confab challenged such administrative decision and is currently awaiting a resolution. In case of an unfavorable resolution, Confab may appeal before the courts. The estimated amount of this claim is BRL59.2 million (approximately $11.3 million). At this stage, the Company cannot predict the outcome of this claim.</span></p><ul><li style="line-height: 12pt; margin: 0pt 0pt 12pt 23.78pt; padding-left: 7.72pt; break-after: avoid; text-indent: 0pt;"><span style="font-style: italic; font-weight: bold;">U.S. patent infringement litigation</span></li></ul><p style="line-height: 12pt; vertical-align: baseline; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times;">Tenaris Coiled Tubes, LLC (&#8220;TCT&#8221;), a U.S. subsidiary of the Company, was sued in 2017 by its competitor Global Tubing, alleging defamatory conduct by TCT and seeking a declaration that certain Global Tubing products do not infringe patents held by TCT. TCT counterclaimed that certain Global Tubing products did infringe patents held by TCT, and Global Tubing has since sought to invalidate such patents. On December 13, 2019, Global Tubing filed an amended complaint (including the Company as defendant), alleging, among other things, that TCT and the Company had misled the patent office. On March 20, 2023, the judge granted summary judgment in favor of Global Tubing, concluding that the patents at issue are unenforceable due to inequitable conduct during the patent prosecution process. TCT and the Company are analyzing whether to appeal this judgment. Although it is not possible to predict the final outcome of this matter, the Company believes that any potential losses arising from this case will not be material.</span><span></span></p><ul><li style="line-height: 12pt; margin: 0pt 0pt 12pt 23.78pt; padding-left: 7.72pt; break-after: avoid; text-indent: 0pt;"><span style="font-style: italic; font-weight: bold;">U.S. Antidumping Duty and Countervailing Duty Investigations</span></li></ul><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On October 27, 2021, the DOC announced the initiation of antidumping duty investigations of OCTG from Argentina, Mexico, and Russia and countervailing duty investigations of OCTG from Russia and South Korea. The investigations were initiated on the basis of a petition by U.S. Steel Tubular Products, Inc., a small number of other U.S. domestic welded OCTG producers, and a steelworkers&#8217; union. On November 22, 2021, the ITC made a preliminary determination of injury, allowing the investigations to proceed. Subsequently, the DOC issued affirmative preliminary and final antidumping determinations with respect to imports from Argentina, Mexico and Russia, and final affirmative countervailing duty determinations with respect to imports from Russia and from some Korean exporters. On October 27, 2022, the ITC determined that the imports under investigation caused injury to the U.S. OCTG industry, bringing the investigation phase to a conclusion. Tenaris and other parties have appealed the agency determinations from the investigation to the Court of International Trade. As a result of the investigation, and unless overturned on appeal, Tenaris is required to pay antidumping duty deposits (at a rate of 78.30% for imports from Argentina and 44.93% for imports from Mexico) until such time the imports are reviewed by the DOC to determine whether final duties are necessary for the specific period under review. Tenaris has been paying such deposits since May 11, 2022, reflecting the amount of such deposits in its costs. The deposit rates may be reset periodically based on the results of the review process. It is possible that, through the periodic review process, the deposits may be either returned to Tenaris in whole or in part, or may be increased.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">96</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dividend Policy</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 10pt; text-indent: 0pt;">The Company does not have, and has no current plans to establish, a formal dividend policy governing the amount and payment of dividends or other distributions. For a description of the shareholders&#8217; and holders of ADS&#8217; rights to receive dividends and the conditions to declare and pay d<span style="font-family: 'times new roman', times; font-size: 10pt;">ividends,&#160;</span></span><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">please refer to &#8220;Corporate Governance Statement &#8211; Corporate Governance&#8221;.</span></span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following table shows the dividends approved by the Company&#8217;s shareholders in the last five years:</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 23.9%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Approved dividend</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dividend payment date</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 23.9%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Shareholders&#8217; meeting date</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.34%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Amount (USD</span><span style="font-weight: bold;">&#160;</span><span style="font-weight: bold;">million)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.42%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Per</span><span style="font-weight: bold;">&#160;</span><span style="font-weight: bold;">share (USD)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.08%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Per</span><span style="font-weight: bold;">&#160;</span><span style="font-weight: bold;">ADS (USD)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 15.16%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Interim</span><span style="font-weight: bold;">&#160;</span><span style="font-weight: bold;">Dividend</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.1%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dividend Balance</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 23.9%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">May 2, 2018</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.34%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 484 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.42%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.41 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.08%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0.82</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 15.16%; background-color: #cceeff; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">November 2017</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.1%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">May 2018</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 23.9%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">May 6, 2019</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.34%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 484 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.42%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.41 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.08%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0.82</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 15.16%; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">November 2018</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.1%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">May 2019</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 23.9%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">June 2, 2020</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.34%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 153 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.42%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.13 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.08%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0.26</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 15.16%; background-color: #cceeff; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">November 2019</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.1%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">N/A</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 23.9%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">May 3, 2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.34%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 248 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.42%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.21 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.08%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0.42</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 15.16%; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">November 2020</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.1%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">May 2021</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 23.9%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">May 3, 2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.34%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 484 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 17.42%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 0.41 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.08%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0.82</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 15.16%; background-color: #cceeff; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">November 2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 14.1%; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">May 2022</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On February 15, 2023, the Company&#8217;s board of directors proposed, for the approval of the annual general shareholders&#8217; meeting scheduled to be held on May 3, 2023, the payment of an annual dividend of $0.51 per share ($1.02 per ADS), or approximately $602 million, which includes the interim dividend of $0.17 per share ($0.34 per ADS) or approximately $201 million, paid on November 23, 2022. If the annual dividend is approved by the shareholders, a dividend of $0.34 per share ($0.68 per ADS), or approximately $401 million will be paid on May 24, 2023, with an ex-dividend date of May 22, 2023.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="By_5D89NO378000000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Significant Changes</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><b style="mso-bidi-font-weight: normal;"><i><span style="font-size: 10pt;">Tenaris to increase its participation in Usiminas control group</span></i></b></span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif';">On March 30, 2023, the Company&#8217;s subsidiary, Confab, together with Tenaris&#8217;s affiliates Ternium Investments and Ternium Argentina, all of which compose the T/T Group within Usiminas control group, entered into a share purchase agreement to acquire from the NSC Group, pro rata to their current participations in the T/T Group, 68.7 million ordinary shares of Usiminas at a price of BRL10 (approximately $1.9) per ordinary share. Pursuant to the transaction, Tenaris would pay approximately BRL 110 million (approximately $21 million) in cash for 11 million ordinary shares, increasing its participation in the Usiminas control group to 9.8%. Upon the closing of this transaction, the T/T Group will hold an aggregate participation of 61.3% in the control group, with the NSC Group and Previd&#234;ncia Usiminas (Usiminas employees&#8217; pension fund) holding 31.7% and 7.1%, respectively. The transaction is subject to approval by Brazil&#8217;s antitrust authorities and will be financed with cash on hand.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif';">At closing, the existing Usiminas shareholders agreement will be replaced by a new shareholders agreement setting forth a new governance structure for Usiminas. The T/T Group will nominate a majority of the Usiminas board of directors, the chief executive officer and four other members of the Usiminas board of officers. Of the positions allocated to the T/T Group, Tenaris will retain the right to nominate one member of the Usiminas board of directors and one members of the Usiminas board of officers. Ordinary decisions may be approved with a 55% majority of Usiminas&#8217; control group shares.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif';">At any time after the second anniversary of the closing of the transaction, the T/T Group will have the right to buy the NSC Group&#8217;s remaining interest in the Usiminas control group (153.1 million ordinary shares) at the higher of BRL10 per share and the 40-trading day average price per share immediately prior to the date of exercising the option. In addition, the NSC Group will have the right, at any time after the closing of the transaction, to withdraw its remaining shares from the control group and sell them in the open market after giving the T/T Group the opportunity to buy them at the 40-trading day average price per share, as well as the right, at any time after the second anniversary of the closing, to sell such shares to the T/T Group at BRL10 per share. Confab will have the right to participate in each such transaction pro rata to its current participation in the T/T Group.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">For information on the accounting treatment of this transaction, see note 39 &#8220;Update as of March 31, 2023 - <i style="mso-bidi-font-style: normal;">Tenaris to increase its participation in Usiminas control group</i>&#8221; to our consolidated financial statements included in this Annual Report.</span></span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bz_7AN8050U1S00000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">The Offer and Listing</span></a></div><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bxx_K9DP6XWPTS00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Offer and Listing Details</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The shares are listed on the Mexican Stock Exchange and its ADSs are listed on the NYSE under the symbol &#8220;TS&#8221;. The shares are also listed on the Italian Stock Exchange under the symbol &#8220;TEN&#8221;. Trading on the NYSE and the Mexican Stock Exchange began on December&#160;16, 2002, and trading on the Italian Stock Exchange began on December&#160;17, 2002.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">97</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">As of February 28, 2023, a total of 1,180,536,830 shares were registered in the Company&#8217;s shareholder register. As of February 28, 2023, a total of 124,557,770 shares were registered in the name of the Depositary for the Company&#8217;s ADS program.</span></p><div style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Baa_MH38U5BJSW00000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Additional Information</span></a></div><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bbb_W01PDB2YK000000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Exchange Controls</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Many of the countries that are important markets for us or in which we have substantial assets have histories of substantial government intervention in currency markets, volatile exchange rates and government-imposed currency controls. These include mainly Argentina, Brazil, Indonesia, Mexico, Nigeria and Romania. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Argentine peso was subject to a devaluation of approximately 73% against the U.S. dollar during 2022. The Argentine authorities have implemented several measures to reduce volatility in the exchange rate between the ARS and the USD and have implemented formal and informal restrictions on capital inflows into Argentina and capital outflows from Argentina. Certain foreign exchange restrictions are currently in place. As a result, Tenaris&#8217;s Argentine subsidiaries are currently required to repatriate to Argentina all proceeds for exports of goods (including U.S. dollars received through advance payments and pre-financing facilities) and services and convert such proceeds into Argentine pesos at the applicable exchange rate as of the repatriation date. Access to the Argentine foreign exchange market, either to purchase foreign currency or to transfer foreign currency abroad (including to make import payments, to repay foreign financial indebtedness, to pay services or dividends abroad, and for foreign currency-savings by individuals and/or any other purchase or transfer of foreign exchange) is subject to certain conditions, including extended payment terms from foreign suppliers. Prior approval from the Argentine central bank, which is rarely (if ever) granted, is required to purchase foreign currency to pay dividends to foreign shareholders and to make other payments to affiliates or third parties abroad. Throughout 2022, the Argentine central bank has continued to impose foreign exchange restrictions aimed at limiting the purchase of foreign currency and the Argentine Securities Commission imposed further restrictions to the sale of bonds by Argentine companies against foreign currency. </span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">As of December 31, 2022, the total net equity of Argentine subsidiaries represented approximately 11% of Tenaris&#8217;s total equity.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">For additional information regarding factors affecting the Argentine economy, see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to our Business and Industry &#8211; Adverse economic or political conditions in the countries where we operate or sell our products and services may decrease our sales or disrupt our manufacturing operations, thereby adversely affecting our revenues, profitability and financial condition&#8221;. For additional information on current foreign exchange restrictions in Argentina, see note 28 &#8220;Foreign exchange control measures in Argentina&#8221; of our audited consolidated financial statements included in this annual report. </span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bcc_9ZEJ6EBS5C00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Taxation</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following discussion of the material Luxembourg and U.S. federal income tax consequences of an investment in our shares and ADSs is based upon laws and relevant interpretations thereof in effect as of the date of this annual report, all of which are subject to change. This discussion does not address all possible tax consequences relating to an investment in our shares or ADSs, including the tax consequences under U.S. state and local tax laws. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Grand Duchy of Luxembourg</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">This section describes the material Luxembourg tax consequences of owning or disposing of shares or ADSs. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">It is not intended to be, nor should it be construed to be, legal or tax advice. You should, therefore, consult your own tax advisor regarding local or foreign tax consequences, including Luxembourg tax consequences of owning and disposing of shares or ADSs in your particular circumstances. </span></p><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">As used herein, a &#8220;Luxembourg individual&#8221; means an individual resident in Luxembourg who is subject to personal income tax (imp&#244;t sur le revenu) on his or her worldwide income from Luxembourg or foreign sources, and a &#8220;Luxembourg corporate holder&#8221; means a company (that is, a fully taxable collectivit&#233; within the meaning of Article 159 of the Luxembourg Income Tax Law) resident in Luxembourg subject to Luxembourg corporate income tax (imp&#244;t sur le revenu des collectivit&#233;s) and Luxembourg municipal business tax (imp&#244;t commercial communal) on its worldwide income from Luxembourg or foreign sources. For the purposes of this summary, Luxembourg individuals and Luxembourg corporate holders are collectively referred to as &#8220;Luxembourg Holders&#8221;. A &#8220;non-Luxembourg Holder&#8221; means any investor in shares or ADSs of the Company other than a Luxembourg Holder. </span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">98</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Corporate Reorganization</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company was established as a Luxembourg <span style="font-style: italic;">soci&#233;t&#233; anonyme</span> holding under Luxembourg&#8217;s 1929 holding company regime. Until termination of such regime on December&#160;31, 2010, holding companies incorporated under the 1929 regime (including the Company) were exempt from Luxembourg corporate income tax, Luxembourg municipal business tax, Luxembourg net wealth tax and Luxembourg withholding tax over dividends distributed to shareholders.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On January&#160;1, 2011, the Company became an ordinary public limited liability company (<span style="font-style: italic;">soci&#233;t&#233; anonyme</span>) and, effective as from that date, the Company is subject to all applicable Luxembourg taxes, (including, among others, Luxembourg corporate income tax on its worldwide income).</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In light of the impending termination of Luxembourg&#8217;s 1929 holding company regime, in the fourth quarter of 2010, the Company carried out a multi-step corporate reorganization, which included, among other transactions, the contribution of most of the Company&#8217;s assets and liabilities to a wholly-owned, newly-incorporated Luxembourg subsidiary and the restructuring of indirect holdings in certain subsidiaries. The first phase of the corporate reorganization was completed in December 2010 and resulted in a non-taxable revaluation of the accounting value (under Luxembourg GAAP) of the Company&#8217;s assets. The second phase of the reorganization was completed in 2011.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Following the completion of the first phase of the corporate reorganization, and upon its conversion into an ordinary Luxembourg holding company, the Company recorded a special reserve in its tax balance sheet. Dividend distributions for the foreseeable future will be charged to the special reserve and therefore should not be subject to Luxembourg withholding tax.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Tax regime applicable to realized capital gains </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Luxembourg Holders </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Luxembourg resident individual holders </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Capital gains realized by Luxembourg resident individuals who do not hold their shares or ADSs as part of a trade or business (i.e. capital gains on private assets) and who hold (together, directly or indirectly, with his or her spouse or civil partner and underage children) no more than 10% of the share capital of the Company, at any time during the five-year period preceding the disposition will only be taxable (at a progressive rate) if they are realized on a sale of shares or ADSs that takes place before their acquisition or within the first six months following their acquisition (i.e. speculative gain). After the six-month period, capital gains are not taxed unless the resident individual holds (together, directly or indirectly, with his or her spouse or civil partner and underage children) more than 10% of the share capital of the Company at any time during the five-year period preceding the disposition.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">If such shares or ADSs are held as part of a commercial or industrial business, capital gains would be taxable in the same manner as income from such business. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Capital gains realized by Luxembourg resident individuals holding (alone or together with the resident&#8217;s spouse or civil partner and underage children) directly or indirectly more than 10% of the capital of the Company at any time during the five years prior to the sale, (or if the Luxembourg resident individuals have received the shares for no consideration within the last five years and the former holder held at least 10% in the capital of the company at any moment during said five years) will be taxable at half of the individual&#8217;s applicable global tax rate (as determined progressively), if a holding period of six months following their acquisition elapsed (21% for 2022). Within the six-month period, progressive income tax rates apply (ranging from 0 to 42%<span style="font-size: 8pt;"><sup>7</sup></span> in 2022).</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Luxembourg resident corporate holders </span></p><p style="break-after: avoid; margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Capital gains, including currency exchange gains, realized upon the disposal of shares or ADSs by a fully taxable resident corporate holder will in principle be subject to Luxembourg corporate income tax and Luxembourg municipal business tax. The combined applicable rate (including an unemployment fund contribution) for a corporate holder established in Luxembourg-City is 24.94% for the fiscal year ending 2022. An exemption from such taxes may be available to the Luxembourg resident corporate holder pursuant to Article 1 of the Grand Ducal Decree dated December 21, 2001 as amended, in combination with article 166 of the Luxembourg Income Tax Law subject to the fulfillment of the conditions set forth therein.</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 15px;"><tbody><tr style="height: 15px;"><td style="border-bottom: 1pt solid #000000; width: 15%; height: 15px;"><br/></td><td style="width: 85%; height: 15px;"><br/></td></tr></tbody></table><p style="break-after: avoid; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 8pt;"><sup>7</sup></span><span style="font-size: 8pt;">A 7% surcharge for the Employment Fund applies on the income tax due. The surcharge for the Employment Fund amounts to 9% for taxpayer in tax class 1 or 1a with taxable income exceeding EUR 150,000 (EUR 300,000 for taxpayer in tax class 2).</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">99</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Non-Luxembourg Holders </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Non-Luxembourg individual holders</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">An individual who is a non-Luxembourg holder of shares or ADSs (and who does not have a permanent establishment, a permanent representative or a fixed place of business in Luxembourg) will only be subject to Luxembourg taxation on capital gains arising upon disposal of such shares or ADSs if such holder has (alone or together with his or her spouse, civil partner and underage children) directly or indirectly held more than 10% of the capital of the Company at any time during the past five years preceding the disposal, and either (i)&#160;such non-Luxembourg holder has been a resident of Luxembourg for tax purposes for at least 15 years and has become a non-resident within the last five years preceding the realization of the gain, subject to any applicable tax treaty, or (ii)&#160;the disposal of shares or ADSs occurs within six months from their acquisition (or prior to their actual acquisition), subject, however, to any applicable tax treaty. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Non-Luxembourg corporate holders</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">A corporate non-Luxembourg holder (that is, a <span style="font-style: italic;">collectivit&#233;</span> within the meaning of Article 159 of the Luxembourg Income Tax Law), which has a permanent establishment, a permanent representative or a fixed place of business in Luxembourg to which shares or ADSs are attributable, will bear Luxembourg corporate income tax and Luxembourg municipal business tax on a gain realized on a disposal of such shares or ADSs as set forth above for a Luxembourg corporate holder. However, capital gains, including currency exchange gains, realized on the sale of the shares or ADSs may benefit from the full exemption provided for by Article 1 of the Grand Ducal Decree dated December&#160;21, 2001 as amended, in combination with Article 166 of the Luxembourg Income Tax Law subject in each case to fulfillment of the conditions set out therein. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">A corporate non-Luxembourg holder, which has no permanent establishment, permanent representative or fixed place of business in Luxembourg to which the shares or ADSs are attributable, will bear non-resident capital gains tax on a gain realized on a disposal of such shares or ADSs under the same conditions applicable to an individual non-Luxembourg holder, as set out above. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Tax regime applicable to distributions </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Withholding tax </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Distributions to holders are in principle subject to a 15% Luxembourg withholding tax computed on the gross amount distributed. The rate of the withholding tax may be reduced pursuant to double tax treaties existing between Luxembourg and the country of residence of the relevant holder, subject to the fulfillment of the conditions set forth therein. However, distributions imputed for tax purposes to the special reserve (please see above paragraph &#8220;corporate reorganization&#8221;) should be exempt from Luxembourg withholding tax under the current tax law.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Nevertheless, a withholding tax exemption may apply if the distribution is made to (as far as relevant in the case at hand):</span></p><table style="width: 100%; margin-left: 0.1px; height: 200px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 26px;"><td style="width: 6.33688%; text-align: center; height: 26px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.6631%; height: 26px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;">a Luxembourg resident corporate holder (that is, a fully taxable<span style="line-height: inherit;">&#160;</span><span style="font-style: italic; line-height: inherit;">collectivit&#233;</span><span style="line-height: inherit;">&#160;</span>within the meaning of article 159 of the Luxembourg Income Tax Law);</p></td></tr><tr style="height: 58px;"><td style="width: 6.33688%; text-align: center; height: 58px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.6631%; height: 58px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;">an undertaking of collective character which is resident of a Member State of the European Union and is referred to by article 2 of the EU Council Directive of November&#160;30, 2011 concerning the common fiscal regime applicable to parent and subsidiary companies of different member states (2011/96/UE) as amended, (subject to the general anti-abuse rule provided for by Council Directive 2015/121/EU as implemented into Luxembourg law);</p></td></tr><tr style="height: 19px;"><td style="width: 6.33688%; text-align: center; height: 19px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.6631%; height: 19px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a capital company or a cooperative company resident in Norway, Iceland or Liechtenstein and subject to a tax comparable to corporate income tax as provided by the Luxembourg Income Tax Law;</p></td></tr><tr style="height: 19px;"><td style="width: 6.33688%; text-align: center; height: 19px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.6631%; height: 19px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a capital company resident in Switzerland which is subject to corporate income tax in Switzerland without benefiting from an exemption;</p></td></tr><tr style="height: 31px;"><td style="width: 6.33688%; text-align: center; height: 31px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.6631%; height: 31px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">an undertaking with a collective character subject to a tax comparable to corporate income tax as provided by the Luxembourg Income Tax Law which is resident in a country that has concluded a double tax treaty with Luxembourg;<span>&#160;</span><span style="font-style: italic;">and</span></p></td></tr><tr style="height: 47px;"><td style="width: 6.33688%; text-align: center; height: 47px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.6631%; height: 47px; vertical-align: top;" valign="top"><p style="line-height: 1.2;">a Luxembourg permanent establishment of one of the above-mentioned categories, provided each time that at the date of payment, the holder holds or commits to hold directly (or through a company regarded as tax transparent from a Luxembourg tax perspective), during an uninterrupted period of at least twelve months, shares or<span style="line-height: inherit;">&#160;</span>ADSs<span style="line-height: inherit;">&#160;</span>representing at least 10% of the share capital of the Company or acquired for an acquisition price of at least EUR 1,200,000.</p></td></tr></tbody></table><div><br/><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">100</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Luxembourg Holders </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">With the exception of Luxembourg corporate holders benefiting from the exemption referred to above, Luxembourg individual holders, and Luxembourg corporate holders fully subject to Luxembourg corporate tax, must include the distributions paid on the shares or ADSs in their taxable income, 50% of the amount of such dividends being exempt from tax. The applicable withholding tax can, under certain conditions, entitle the relevant Luxembourg Holder to a tax credit. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Non-Luxembourg Holders </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Non-Luxembourg Holders of shares or ADSs and who do not have a permanent establishment, a permanent representative or a fixed place of business in Luxembourg to which the shares or ADSs would be attributable are not liable for any Luxembourg tax on dividends paid on the shares or ADSs, other than a potential withholding tax as described above.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net wealth tax </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Luxembourg Holders </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Luxembourg net wealth tax will not be levied on a Luxembourg holder with respect to the shares or ADSs held unless (i)&#160;the Luxembourg holder is a legal entity subject to net wealth tax in Luxembourg; or (ii)&#160;the shares or ADSs are attributable to an enterprise or part thereof which is carried on through a permanent establishment, a fixed place of business or a permanent representative in Luxembourg.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Net wealth tax is levied annually at the rate of 0.5% for taxable net wealth not exceeding EUR 500,000,000 and at a rate of 0.05% for the net wealth exceeding EUR 500,000,000, of enterprises resident in Luxembourg, as determined for net wealth tax purposes. The shares or ADSs may be exempt from net wealth tax subject to the conditions set forth by Paragraph 60 of the Luxembourg Law of October 16, 1934 on the valuation of assets (<span style="font-style: italic;">Bewertungsgesetz</span>), as amended.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">A minimum net wealth tax charge applies as of January 1, 2016 for all corporate entities having their statutory seat or central administration in Luxembourg. Subject to certain conditions, the amount of minimum net wealth tax may vary.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Non-Luxembourg Holders </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Luxembourg net wealth tax will not be levied on a non-Luxembourg holder with respect to the shares or ADSs held unless the shares or ADSs are attributable to an enterprise or part thereof which is carried on through a permanent establishment or a permanent representative in Luxembourg. The shares or ADSs may be exempt from net wealth tax subject to the conditions set forth by Paragraph 60 of the Luxembourg Law of October 16, 1934 on the valuation of assets (<span style="font-style: italic;">Bewertungsgesetz</span>), as amended.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Stamp and registration taxes </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">No registration tax or stamp duty will be payable by a holder of shares or ADSs in Luxembourg solely upon the disposal of shares or ADSs by sale or exchange.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Estate and gift taxes </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">No estate or inheritance tax is levied on the transfer of shares or ADSs upon the death of a holder of shares or ADSs in cases where the deceased was not a resident of Luxembourg for inheritance tax purposes and no gift tax is levied upon a gift of shares or ADSs if the gift is not passed before a Luxembourg notary or recorded in a deed registered in Luxembourg. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Where a holder of shares or ADSs is a resident of Luxembourg for tax purposes at the time of the holder&#8217;s death, the shares or ADSs are included in its taxable estate for inheritance tax or estate tax purposes. </span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">101</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">U.S. federal income taxation </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">This section describes the material U.S. federal income tax consequences to a U.S. holder (as defined below) of owning shares or ADSs. It applies to you only if you hold your shares or ADSs as capital assets for U.S. federal income tax purposes. This discussion addresses only U.S. federal income taxation and does not discuss all of the tax consequences that may be relevant to you in light of your individual circumstances, including foreign, state or local tax consequences, estate and gift tax consequences, and tax consequences arising under the Medicare contribution tax on net investment income or the alternative minimum tax. This section does not apply to you if you are a member of a special class of holders subject to special rules, including:</span><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="text-align: center; width: 5%; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 95%; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;">a dealer in securities;</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td valign="top" style="vertical-align: top;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a bank;</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td valign="top" style="vertical-align: top;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a trader in securities that elects to use a mark-to-market method of accounting for securities holdings;</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td valign="top" style="vertical-align: top;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a tax-exempt organization;</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td valign="top" style="vertical-align: top;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a person who invests through a pass-through entity, including a partnership;</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td valign="top" style="vertical-align: top;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a life insurance company;</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td valign="top" style="vertical-align: top;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a person that actually or constructively owns 10% or more of the combined voting power of our voting stock or of the total value of our stock (including<span style="line-height: inherit;">&#160;</span>ADSs);</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td valign="top" style="vertical-align: top;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;">a person that holds shares or<span style="line-height: inherit;">&#160;</span>ADSs<span style="line-height: inherit;">&#160;</span>as part of a straddle or a hedging or conversion transaction for U.S. federal income tax purposes;</p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td valign="top" style="vertical-align: top;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a person that purchases or sells shares or<span style="line-height: inherit;">&#160;</span>ADSs<span style="line-height: inherit;">&#160;</span>as part of a wash sale for U.S. federal income tax purposes;<span style="line-height: inherit;">&#160;</span><span style="font-style: italic; line-height: inherit;">or</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt; line-height: inherit;">&#8226;</span></td><td valign="top" style="vertical-align: top;"><p style="line-height: 1.2;">a person whose functional currency is not the U.S. dollar.</p></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">This section is based on the Internal Revenue Code of 1986, as amended, its legislative history, existing and proposed regulations, published rulings and court decisions, all as currently in effect, as well as on the Convention between the Government of the Grand Duchy of Luxembourg and the Government of the United States of America for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital (the &#8220;Treaty&#8221;). These laws are subject to change, possibly on a retroactive basis. In addition, this section is based in part upon the assumption that each obligation in the ADS deposit agreement and any related agreement will be performed in accordance with its terms. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">If an entity or arrangement that is treated as a partnership for U.S. federal income tax purposes holds the shares or ADSs, the U.S. federal income tax treatment of a partner will generally depend upon the status of the partner and the activities of the partnership. Each such partner <span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">of a partnership that holds the shares or ADSs is urged to consult his, her or its own tax advisor.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">You are a U.S. holder if you are a beneficial owner of shares or ADSs and you are, for U.S. federal income tax purposes:</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 49px;"><tbody><tr style="height: 10px;"><td style="width: 5.92805%; text-align: center; height: 10px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 94.072%; height: 10px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">an individual citizen or resident of the United States;</p></td></tr><tr style="height: 11px;"><td style="width: 5.92805%; text-align: center; height: 11px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 94.072%; height: 11px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">a domestic corporation (or an entity treated as a domestic corporation);</p></td></tr><tr style="height: 10px;"><td style="width: 5.92805%; text-align: center; height: 10px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 94.072%; height: 10px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">an estate whose income is subject to U.S. federal income tax regardless of its source;<span>&#160;</span><span style="font-style: italic;">or</span></p></td></tr><tr style="height: 18px;"><td style="width: 5.92805%; text-align: center; height: 18px; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 94.072%; height: 18px; vertical-align: top;" valign="top"><p style="line-height: 1.2;">a trust if (i)&#160;a U.S. court can exercise primary supervision over the trust&#8217;s administration and one or more U.S. persons are authorized to control all substantial decisions of the trust or (ii)&#160;the trust has a valid election in effect under applicable U.S. Treasury regulations to be treated as a U.S. person.</p></td></tr></tbody></table><div><p style="margin:0pt"><br/></p><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">102</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;"><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In general, and taking into account the earlier assumptions, for U.S. federal income tax purposes, if you hold ADSs, you will be treated as the owner of the shares represented by those ADSs. Exchanges of shares for ADSs, and ADSs for shares, generally will not be subject to U.S. federal income tax. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The tax treatment of your shares or ADSs will depend in part on whether or not we are classified as a passive foreign investment company (&#8220;PFIC&#8221;), for United States federal income tax purposes. Except as discussed below under &#8220;PFIC Rules&#8221;, this discussion assumes that we are not classified as a PFIC for United States federal income tax purposes.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">You should consult your own tax advisor regarding the U.S. federal, state and local and other tax consequences of owning and disposing of shares or ADSs in your particular circumstances. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Taxation of distributions</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Under the U.S. federal income tax laws, if you are a U.S. holder, the gross amount of any distribution we pay out of our current or accumulated earnings and profits (as determined for U.S. federal income tax purposes), other than certain pro-rata distributions of our shares, will be treated as a dividend that is subject to U.S. federal income taxation. If you are a non-corporate U.S. holder, dividends paid to you that constitute qualified dividend income will be taxable to you at the preferential rates applicable to long-term capital gains provided that you hold shares or ADSs for more than 60 days during the 121-day period beginning 60 days before the ex-dividend date and meet other holding period requirements. Dividends we pay with respect to the shares or ADSs generally will be qualified dividend income, provided that, in the year that you receive the dividend, we are eligible for the benefits of the Treaty. We believe that we are currently eligible for the benefits of the Treaty and therefore expect that dividends on the shares or ADSs will be qualified dividend income, but there can be no assurance that we will continue to be eligible for the benefits of the Treaty.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">You must generally include any Luxembourg tax withheld from the dividend payment in this gross amount even though you do not in fact receive it. The dividend is taxable to you when you receive it, or, in the case of ADSs, when the Depositary receives the dividend, actually or constructively. The dividend will not be eligible for the dividends-received deduction generally allowed to U.S. corporations in respect of dividends received from other U.S. corporations. Distributions in excess of current and accumulated earnings and profits, as determined for U.S. federal income tax purposes, will be treated as a non-taxable return of capital to the extent of your basis in the shares or ADSs and thereafter as capital gain. However, we do not expect to calculate earnings and profits in accordance with U.S. federal income tax principles. Therefore, you should expect that a distribution will generally be treated as a dividend (as discussed above). </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Dividends will generally be income from sources outside the United States and, generally, will be &#8220;passive&#8221; income for purposes of computing the foreign tax credit allowable to you. </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Subject to certain limitations, the Luxembourg tax withheld in accordance with the Treaty and paid over to Luxembourg may be creditable or deductible against your U.S. federal income tax liability. <span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">However, under recently finalized Treasury regulations, it is possible that taxes may not be creditable unless you are eligible for and elect to apply the benefits of the Treaty.&#160;</span>Special rules apply in determining the foreign tax credit limitation with respect to dividends that are subject to the preferential tax rates. To the extent a refund of the tax withheld is available to you under Luxembourg law or under the Treaty, the amount of tax withheld that is refundable will not be eligible for credit against your U.S. federal income tax liability.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In certain circumstances, if you have held ADSs for less than a specified minimum period during which you are not protected from risk of loss, or are obligated to make payments related to the dividends, you will not be allowed a foreign tax credit for foreign taxes imposed on dividends that we pay.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The rules governing the foreign tax credit are complex. You are urged to consult your tax advisors regarding the availability of the foreign tax credit under your particular circumstances. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Taxation of capital gains </span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">If you are a U.S. holder and you sell or otherwise dispose of your shares or ADSs, you will recognize capital gain or loss for U.S. federal income tax purposes equal to the difference between the U.S. dollar value of the amount that you realize and your tax basis, determined in U.S. dollars, in your shares or ADSs. Capital gain of a non-corporate U.S. holder is generally taxed at preferential rates where the property is held for more than one year. The gain or loss will generally be income or loss from sources within the United States for foreign tax credit limitation purposes. The deductibility of capital losses is subject to limitations. </span></p><div style="text-indent: 0pt;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">103</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic;">PFIC rules.</span> Based on the Company&#8217;s current and expected income and assets, we believe that the shares or ADSs should not currently be treated as stock of a PFIC for U.S. federal income tax purposes, and we do not expect to become a PFIC in the foreseeable future. However, this conclusion is a factual determination that is made annually and thus may be subject to change. It is therefore possible that we could become a PFIC in a future taxable year. If we were to be treated as a PFIC, gain realized on the sale or other disposition of your shares or ADSs would in general not be treated as capital gain. Furthermore, if you are a U.S. holder, unless you are permitted to elect and you do elect to be taxed annually on a mark-to-market basis with respect to the shares or ADSs, upon sale or disposition of your shares or ADSs, you would generally be treated as if you had realized such gain and certain &#8220;excess distributions&#8221; ratably over your holding period for the shares or ADSs and would be taxed at the highest tax rate in effect for each such year to which the gain was allocated, together with an interest charge in respect of the tax attributable to each such year. With certain exceptions, your shares or ADSs will be treated as stock in a PFIC if we were a PFIC at any time during your holding period in your shares or ADSs. Dividends that you receive from us will not be eligible for the special tax rates applicable to qualified dividend income if we are a PFIC (or are treated as a PFIC with respect to you) either in the taxable year of the distribution or the preceding taxable year, but instead will be taxable at rates applicable to ordinary income and subject to the excess distribution regime described above.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bdd_V1INS47L8W00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Documents on Display</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company is subject to the reporting requirements of the Exchange Act, as applied to foreign private issuers. Accordingly, the Company is required to file annual and special reports and other information with the SEC; however, foreign private issuers are not required to deliver proxy statements or to file quarterly reports. We prepare quarterly and annual consolidated financial statements in accordance with IFRS. The Company&#8217;s annual consolidated financial statements are audited by an independent accounting firm. The Company submits quarterly financial information with the SEC on Form 6-K simultaneously with or promptly following the publication of such information in Luxembourg and any other jurisdiction in which the Company&#8217;s securities are listed. In addition, the Company files annual reports on Form 20-F within the time period required by the SEC, which is currently four months from the close of the Company&#8217;s fiscal year on December&#160;31. Reports and other information filed electronically with the SEC are available at the SEC&#8217;s Internet website at <span style="color: #0000ff; text-decoration: underline;">http://www.sec.gov</span>. In addition, such reports and other communications are made available to all shareholders and holders of ADSs on the Company&#8217;s website at: <span style="color: #0000ff; text-decoration: underline;">https://ir.tenaris.com/investor-relations</span><span style="color: #0563c1; text-decoration: underline;">.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">For the year ended December&#160;31, 2022,&#160;Deutsche Bank Trust Company Americas acted as depositary under the ADSs deposit agreement. As long as the deposit agreement remains in effect, the Company will furnish the Depositary with:</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5.92805%; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 11pt;">&#8226;</span></td><td style="width: 94.072%; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">its annual reports,<span>&#160;</span><span style="font-style: italic;">and</span></p></td></tr><tr><td style="width: 5.92805%; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 11pt;">&#8226;</span></td><td style="width: 94.072%; vertical-align: top;" valign="top"><p style="line-height: 1.2;">copies of all notices of shareholders&#8217; meetings and other reports and communications that are made generally available to the Company&#8217;s shareholders.</p></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Depositary will, as provided in the deposit agreement and if requested in writing by the Company, arrange for the mailing of such reports, notices and communications to all record holders of ADSs, on a basis similar to that for holders of shares, or on such other basis as the Company may advise the Depositary may be required by any applicable law or regulation or any requirement of any stock exchange to which the Company may be subject. Any reports and communications, including any proxy solicitation material, shall be furnished in English to the extent such materials are required to be translated into English pursuant to any regulations of the SEC.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Any record holder of ADSs may read the reports, notices, and other communications including any proxy solicitation material at the Depositary&#8217;s office located at One Columbus Circle, New York, New York 10019.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In addition, such reports, notices and other communications are made available to all shareholders and holders of ADSs on the Company&#8217;s website at: <span style="color: #0000ff; text-decoration: underline;">https://ir.tenaris.com/investor-relations</span></span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Whenever a reference is made in this annual report to a contract or other document, please be aware that such reference is not necessarily complete and that you should refer to the exhibits that are a part of this annual report for a copy of the contract or other document. </span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">104</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; text-indent: 0px;"><br/></p><div style="margin: 0px; text-indent: 0px; color: #003366;"><a style="text-decoration: none; cursor: default; outline: none; color: #000000; pointer-events: none;" href="#TOC" id="BQQ_KC8OZRE67400000000000000000000" class="customBookmark"><span style="font-weight: bold; color: #003366;">Quantitative and Qualitative Disclosure about Market Risk</span></a><br/></div><p style="margin: 0px; text-indent: 0px;"><br/></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The multinational nature of our operations and customer base expose us to a variety of risks, including the effects of changes in foreign currency exchange rates, interest rates and commodity prices. In order to reduce the impact related to these exposures, management evaluates exposures on a consolidated basis to take advantage of natural exposure netting. For the residual exposures, we may enter into various derivative transactions in order to reduce potential adverse effects on our financial performance. Such derivative transactions are executed in accordance with internal policies and hedging practices. 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padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td></tr><tr style="height: 15px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Fixed rate</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 479 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 479 </span></p></td></tr><tr style="background-color: #cceeff; height: 15px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; 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background-color: #cceeff; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 203 </span></p></td></tr><tr style="height: 15px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 682 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 42 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 3 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 2 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 729 </span></p></td></tr></tbody></table><p style="line-height: 6pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 160px; width: 100%;" width="100%"><tbody><tr style="height: 15px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-bottom-color: #000000 !important; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">At December 31, 2021</span></p></td><td colspan="6" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Expected maturity date</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 15px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic;">(</span><span style="font-style: italic;">in millions of U.S.</span><span style="font-style: italic;"> dollars)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #ffffff !important; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-right-width: 1px; border-right-style: solid; border-left-width: 1px; border-left-style: solid; border-bottom-color: #000000 !important; border-right-color: #ffffff !important; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2023</span></p></td><td style="padding-left: 5.4pt; 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padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 15px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px; background-color: #cceeff; width: 30%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; 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padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 8 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 4 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 12 </span></p></td></tr><tr style="height: 15px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Variable rate</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 100 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px; background-color: #cceeff;"><p style="margin: 0pt; 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Since the Company&#8217;s functional currency is the U.S. dollar, the purpose of our foreign currency hedging program is mainly to reduce the risk caused by changes in the exchange rates of other currencies against the U.S. dollar.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Most of our revenues are determined or influenced by the U.S. dollar. In addition, a relevant part of our costs corresponds to steelmaking raw materials and steel coils and plates, also determined or influenced by the U.S. dollar. However, outside the United States, a portion of our expenses is incurred in foreign currencies (e.g. labor costs). Therefore, when the U.S. dollar weakens in relation to the foreign currencies of the countries where we manufacture our products, the U.S. dollar-reported expenses increase. 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font-size: 10pt;">U.S. dollar</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 29.32%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (42) </span></p></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.1%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Saudi Arabian Riyal</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.58%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">U.S. dollar</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 29.32%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (74) </span></p></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.1%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">U.S. dollar</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 35.58%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Brazilian Real</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 29.32%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; (95) </span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">106</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The main relevant exposures as of December&#160;31, 2022 were to Argentine Peso-denominated financial, trade, social and fiscal payables at our Argentine subsidiaries, for which the functional currency is the U.S. dollar, Euro-denominated intercompany liabilities at certain subsidiaries whose functional currency is the U.S. dollar, U.S. dollar-denominated intercompany liabilities at certain subsidiaries whose functional currency is the Brazilian Real and Saudi Arabian Riyal-denominated financial and trade payables. The Saudi Arabian Riyal is tied to the dollar.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Foreign Currency Derivative Contracts</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The net fair value of our foreign currency derivative contracts amounted to an asset of $27 million at December 31, 2022 and an asset of $20 thousand at December 31, 2021. For further detail on our foreign currency derivative contracts, please see note 25 &#8220;Derivative financial instruments &#8211; Foreign exchange and commodities derivative contracts and hedge accounting&#8221; to our audited consolidated financial statements included in this annual report.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;">Concentration of Credit Risk</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">There is no significant concentration of credit from customers. No single customer comprised more than 10% of our net sales in 2022, 2021 and 2020.</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Our credit policies related to sales of products and services are designed to identify customers with acceptable credit history, and to allow us to use credit insurance, letters of credit and other instruments designed to minimize credit risk whenever deemed necessary. We maintain allowances for potential credit losses.<br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 10pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid; ;font-style: normal; ;text-decoration: none; ;color: black;">Commodity Price Risk</span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In the ordinary course of its operations, Tenaris purchases commodities and raw materials that are subject to price volatility caused by supply conditions, political and economic variables and other factors. As a consequence, Tenaris is exposed to risk resulting from fluctuations in the prices of these commodities and raw materials. Tenaris fixes the prices of such raw materials and commodities for short-term periods, typically not in excess of one year, and in general hedging for these risks is performed on a limited basis.<br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-style: italic;">Commodities Derivative Contracts</span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The net fair value of our commodities derivative contracts amounted to a liability of $3 million at December 31, 2022 and a liability of $33 thousand at December 31, 2021. For further detail on our commodities derivative contracts, please see note 25 &#8220;Derivative financial instruments &#8211; Foreign exchange and commodities derivative contracts and hedge accounting&#8221; to our audited consolidated financial statements included in this annual report.<br/></span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Accounting for Derivative Financial Instruments and Hedging Activities</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Derivative financial instruments are classified as financial assets (or liabilities) at fair value through profit or loss. Their fair value is calculated using standard pricing techniques and, as a general rule, we recognize the full amount related to the change in its fair value under financial results in the current period.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">We designate for hedge accounting certain derivatives and non-derivative financial liabilities to hedge risks associated with recognized assets, liabilities or highly probable forecast transactions. These instruments are classified as cash flow hedges. The effective portion of the fair value of such derivatives is accumulated in a reserve account in equity. Amounts accumulated in equity are then recognized in the income statement in the same period when the offsetting losses and gains on the hedged item are recorded. The gain or loss relating to the ineffective portion is recognized immediately in the income statement. The fair value of our derivative financial instruments (assets or liabilities) continues to be reflected on the consolidated statement of financial position.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">At December 31, 2022, the effective portion of designated cash flow hedges, included in other reserves in shareholders&#8217; equity amounted to a credit of $13.1 million.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bgg_RPUAP7QDC000000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Description of Securities Other Than Equity Securities</span></a></div><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bhh_GQF09ZSCAO00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">American Depositary Shares</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">According to the Company&#8217;s deposit agreement, holders of ADSs may have to pay to the Depositary, either directly or indirectly, fees or charges up to the amounts set forth below:</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">107</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;"><br/><table style="width: 100%; margin-left: 0.1px; height: 121px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 31px;"><td style="width: 6.00981%; height: 31px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.9902%; height: 31px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;">A fee of $5.00 (or less) per 100 ADSs (or portion of 100 ADSs) for: issuance of ADSs, including issuances resulting from a distribution of shares or rights or other property; and cancellation of ADSs for the purpose of withdrawal, including if the deposit agreement terminates.</p></td></tr><tr style="height: 15px;"><td style="width: 6.00981%; height: 15px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.9902%; height: 15px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">A fee of $0.02 (or less) per<span>&#160;</span>ADSs<span>&#160;</span>for any cash distribution to ADS registered holders, excluding cash dividend.</p></td></tr><tr style="height: 15px;"><td style="width: 6.00981%; height: 15px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.9902%; height: 15px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;">Any charges for taxes and other governmental charges that the Depositary or the custodian may be required to pay on any ADS or share underlying an ADS (e.g., share transfer taxes, stamp duty or withholding taxes); and any charges incurred by the Depositary or its agents for servicing the depositary securities.</p></td></tr><tr style="height: 15px;"><td style="width: 6.00981%; height: 15px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.9902%; height: 15px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">Registration or transfer fees for transfer and registration of shares on our share register to or from the name of the Depositary or its agent when you deposit or withdraw shares.</p></td></tr><tr style="height: 15px;"><td style="width: 6.00981%; height: 15px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.9902%; height: 15px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">Expenses of the Depositary for cable, telex and facsimile transmissions (when expressly provided in the deposit agreement) and conversion of foreign currency.</p></td></tr><tr style="height: 15px;"><td style="width: 6.00981%; height: 15px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.9902%; height: 15px; vertical-align: top;" valign="top"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;">A fee equivalent to the fee that would be payable if securities distributed to ADS holders had been shares and the shares had been deposited for issuance of<span style="line-height: inherit;">&#160;</span>ADSs<span style="line-height: inherit;">&#160;</span>for distribution of securities distributed to holders of deposited securities which are distributed by the Depositary to ADS registered holders.</p></td></tr><tr style="height: 15px;"><td style="width: 6.00981%; height: 15px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="width: 93.9902%; height: 15px; vertical-align: top;" valign="top"><p>As necessary, charges for any costs incurred by the Depositary or its agents for servicing the deposited securities.</p></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Depositary collects its fees for delivery and surrender of ADSs directly from investors depositing shares or surrendering ADSs for the purpose of withdrawal or from intermediaries acting for them. The Depositary collects fees for making distributions to investors by deducting those fees from the amounts distributed or by selling a portion of distributable property to pay the fees. The Depositary may collect its annual fee for depositary services by deduction from cash distributions or by directly billing investors or by charging the book-entry system accounts of participants acting for them. The Depositary may generally refuse to provide fee-attracting services until its fees for those services are paid.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Under the deposit agreement with the Depositary, the Depositary is not liable to holders of ADSs, except that the Depositary agrees to perform its obligations specifically set forth therein without gross negligence and willful misconduct.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Fees Payable by the Depositary to the Company</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Under its agreement with the Depositary, the Company is entitled to receive certain fees from the Depositary, based on the Depositary&#8217;s revenues resulting from issuance and cancellation fees charged to ADR holders, net of custody and safe keeping costs. In addition, the Depositary has waived the cost of providing administrative and reporting services, and access charges in connection with the Company&#8217;s ADR Program.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic;">Fees paid in 202</span><span style="font-style: italic;">2</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In 2022, the Company received from the Depositary fees for an amount of $1,162,434, corresponding to the period March 1, 2021 through March 12, 2022. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic;">Fees payable during 202</span><span style="font-style: italic;">3</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">During 2023, the Company collected fees from the Depositary for an amount of $932,082, corresponding to the period March 13, 2022 through March 12, 2023.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">108</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><div style="margin: 10pt 0pt 10pt 56.7pt; break-after: avoid; text-indent: -56.7pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bii_RBU1I2VOTS00000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Controls and Procedures</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Evaluation of Disclosure Controls and Procedure</span><span style="font-weight: bold;">s</span></span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Under the supervision and with the participation of our management, including the Company&#8217;s chief executive officer and chief financial officer, we have evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31, 2022.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Based on that evaluation, the Company&#8217;s chief executive officer and chief financial officer have concluded that, as of December 31, 2022, our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC&#8217;s rules and forms and to ensure that such information is accumulated and communicated to management, including the Company&#8217;s chief executive officer and chief financial officer, to allow timely decisions regarding required disclosure. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving their objectives. The Company&#8217;s chief executive officer and chief financial officer have concluded that our disclosure controls and procedures are effective at a reasonable assurance level.&#160;</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Management&#8217;s Report on Internal Control over Financial Reporting</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Management is responsible for establishing and maintaining adequate internal control over financial reporting (as such term is defined in Rules&#160;13a-15(f) and 15d-15(f) under the Exchange Act). Our internal control over financial reporting was designed by management to provide reasonable assurance regarding the reliability of financial reporting and the preparation and fair presentation of its financial statements for external purposes in accordance with IFRS.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In addition, under the Company&#8217;s articles of association, as supplemented by the audit committee&#8217;s charter, the audit committee assists the board of directors in fulfilling its oversight responsibilities relating to the effectiveness of the Company&#8217;s systems of internal control, risk management and internal audit over financial reporting. In particular, the audit committee is required to review the scope and results of the activities of the Company&#8217;s external auditors and the internal audit function relating to the Company&#8217;s internal control over financial reporting, and obtain reports on significant findings and recommendations; and is also required to assess, at least annually at the time the annual accounts are approved, the effectiveness of the Company&#8217;s systems of internal control and risk management over financial reporting.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements or omissions. In addition, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On a yearly basis, management conducts its assessment of the effectiveness of Tenaris&#8217;s internal control over financial reporting based on the framework in <span style="font-style: italic;">Internal Control- Integrated Framework (2013)</span> issued by the Committee of Sponsoring Organizations of the Treadway Commission.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On February 14, 2023, management reported to the Audit Committee of the Company&#8217;s board of directors that management had conducted its assessment of the effectiveness of the Company&#8217;s internal controls over financial reporting for the year ended December 31, 2022, and that, based on management&#8217;s evaluation and considering the inherent limitations to the effectiveness of any internal control system, management had concluded that the Company&#8217;s internal controls over financial reporting were effective as of December 31, 2022.</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The effectiveness of Tenaris&#8217;s internal control over financial reporting as of December 31, 2022, has been audited by PwC Luxembourg, as stated in their report included herein. See &#8220;Report of Independent Registered Public Accounting Firm&#8221;.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">109</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0in 0in 12pt; break-after: avoid; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><b><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif';">Attestation Report of Registered Public Accounting Firm</span></b></p><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">See page F-1 of the audited consolidated financial statements included in this report.</span></span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><br/></span></p><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Change in Internal Control over Financial Reporting</span></p><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">There were no changes in our internal control over financial reporting (as such term is defined in Rules 13a -15(f) and 15d -15(f) under the Exchange Act) during the year ended December 31, 2022, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bjj_W9MCE4B16800000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Audit Committee Financial Expert</span></a></div><p style="margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company&#8217;s board of directors has determined that Ms. Monica Tiuba, the audit committee&#8217;s chairperson, meets the attributes defined by the SEC for an &#8220;audit committee financial expert&#8221; and has competence in accounting or auditing matters, as required by applicable Luxembourg law. In addition, the audit committee, as a whole, has sufficient relevant knowledge of the business and financial experience to properly discharge its functions. The audit committee has the authority to engage, at the Company&#8217;s expense, independent counsel and other internal or external advisors to review, investigate or otherwise advise on, any matter, as the audit committee may determine to be necessary to carry out its purposes and responsibilities.</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bkk_FA49LGSB2800000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Code of Ethics</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company has adopted a general code of conduct incorporating guidelines and standards of integrity and transparency applicable to all directors, officers and employees. As far as the nature of each relation permits, all principles detailed in the code of conduct also apply to relations with our contractors, subcontractors, suppliers and associated persons. In addition, the Company has adopted a code of ethics for senior financial officers, which is intended to supplement the Company&#8217;s code of conduct, and applies specifically to the principal executive officer, the principal financial officer, the principal accounting officer or controller, as well as persons performing similar functions.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Our code of conduct and our code of ethics for senior financial officers are posted on our website at: </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #0000ff; text-decoration: underline;">https://www.tenaris.com/en/sustainability/governance-and-ethics/</span></span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bll_HV3WOEV8E800000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Principal Accountant Fees and Services</span></a></div><p style="line-height: 12pt; margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Principal Accountant Fees </span></p><p style="line-height: 12pt; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In 2022 and 2021, PwC Luxembourg served as the principal external auditor for the Company. Fees accrued to PwC Luxembourg and other PwC member firms for the years ended December 31, 2022 and December 31, 2021 are detailed below.</span></p><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.16%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td colspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> For the year ended December 31, </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.16%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Thousands of U.S. dollars</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 28.42%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 28.42%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.16%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.16%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Audit Fees</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,966 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; background-color: #cceeff; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 3,804 </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.16%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Audit-Related Fees</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 255 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 220 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.16%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tax Fees</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; background-color: #cceeff; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; - </span></p></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.16%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">All Other Fees</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 11 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160; 5 </span></p></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 43.16%; background-color: #cceeff; border-right-width: 1px; border-right-style: solid; border-right-color: #ffffff !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; background-color: #cceeff; border-right-width: 1px; border-left-width: 1px; border-right-style: solid; border-left-style: solid; border-top: 1pt solid #000000; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000; border-right-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 4,232 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 28.42%; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-left-width: 1px; border-left-style: solid; border-left-color: #ffffff !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; 4,029 </span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">110</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic;">A</span><span style="font-style: italic;">udit Fees</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Audit fees were paid for professional services rendered by the auditors for the audit of the consolidated financial statements and internal control over financial reporting of the Company, the statutory financial statements of the Company and its subsidiaries, and any other audit services required for the U.S. Securities and Exchange Commission or other regulatory filings. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Audit-Related Fees</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Audit-related fees are typically services that are reasonably related to the performance of the audit or review of the consolidated financial statements of the Company and the statutory financial statements of the Company and its subsidiaries and are not reported under the audit fee item above. This item includes fees for attestation services on financial information of the Company and its subsidiaries included in their annual reports that are filed with their respective regulators. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Tax Fees </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Fees paid for tax compliance professional services. </span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">All Other Fees</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Fees paid for the support in the development of training courses.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic;">Audit Committee&#8217;s Pre-</span><span style="font-style: italic;">approval Policies and Procedures</span></span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company&#8217;s Audit Committee is responsible for, among other things, the oversight of the Company&#8217;s external auditors. Under its charter, the audit committee is responsible to review the appropriateness of, and approve, in advance, the provision of any permissible non-audit services by the external auditors; and to review and approve any fees, whether for audit, audit-related, or non-audit services payable to the external auditors.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The audit committee makes its recommendations to the shareholders&#8217; meeting concerning the continuing appointment or termination of the Company&#8217;s external auditors. On a yearly basis, the audit committee reviews, together with management and the external auditor, the audit plan, audit related services and other permissible non-audit services and approves, <span style="font-style: italic;">ad-referendum</span> of the general shareholders&#8217; meeting, the related fees. With respect to non-audit services, the audit committee annually approves an estimated amount for undetermined non-audit services, conditioned upon final review and approval of such services by the audit committee. The audit committee annually receives from the external auditor the written disclosures required by PCAOB Rule 3524 &#8220;Audit Committee Pre-Approval of Certain Tax Services&#8221;, together with a description of the scope of tax services for such year, and the external auditors&#8217; confirmation that such non-audit services are consistent with the Sarbanes-Oxley Act, SEC Regulation S-X Rule 2-01, and applicable PCAOB rules. &#160;The Audit Committee did not approve any fees pursuant to the <span style="font-style: italic;">de minimis</span> exception to the pre-approval requirement provided by paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X during 2022 or 2021.&#160;</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The general shareholders&#8217; meeting normally approves such audit fees and authorizes the audit committee to approve any increase or reallocation of such audit fees as may be necessary, appropriate or desirable under the circumstances. No services outside the scope of the audit committee&#8217;s approval may be undertaken by the external auditor.&#160;</span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bmm_9NDN5CRKA800000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Purchases of Equity Securities by the Issuer and Affiliated Purchasers</span></a></div><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In 2022, there were no purchases of any class of registered equity securities of the Company by the Company or, to our knowledge, by any &#8220;affiliated purchaser&#8221; (as such term is defined in Rule 10b-18(a)(3) under the Exchange Act).</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On June&#160;2, 2020, at the Company&#8217;s general meeting of shareholders, the Company&#8217;s shareholders authorized the Company and the Company&#8217;s subsidiaries to acquire, from time to time, shares, including shares represented by ADSs, on the following terms and conditions:</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">111</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><div style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2;"><p style="margin:0pt"><br/></p><table style="font-size: 10pt; width: 100%; margin-left: 0.1px; height: 187px; font-family: 'times new roman';"><tbody><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top; width: 5%;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px; width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">Purchases, acquisitions or receipts of securities may be made in one or more transactions as the board of directors of the Company or the board of directors or other governing bodies of the relevant entity, as applicable, considers advisable.</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">The maximum number of securities acquired pursuant to this authorization may not exceed 10% of the Company&#8217;s issued and outstanding shares or, in the case of acquisitions made through a stock exchange in which the securities are traded, such lower amount as may not be exceeded pursuant to any applicable laws or regulations of such market. The number of securities acquired as a block may amount to the maximum permitted amount of purchases.</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt; line-height: 1.2;">The purchase price per share to be paid in cash may not exceed 125% (excluding transaction costs and expenses), nor may it be lower than 75% (excluding transaction costs and expenses), in each case of the average of the closing prices of the Company&#8217;s securities in the stock exchange through which the Company&#8217;s securities are acquired, during the five trading days in which transactions in the securities were recorded in such stock exchange preceding (but excluding) the day on which the Company&#8217;s securities are acquired. For over-the-counter or off-market transactions, the purchase price per ADS to be paid in cash may not exceed 125% (excluding transaction costs and expenses), nor may it be lower than 75% (excluding transaction costs and expenses), in each case of the average of the closing prices of the&#160;ADSs&#160;in the NYSE during the five trading days in which transactions in&#160;ADSs&#160;were recorded in the NYSE preceding (but excluding) the day on which the&#160;ADSs&#160;are acquired; and, in the case of acquisition of securities, other than in the form of&#160;ADSs, such maximum and minimum per security purchase prices shall be equal to the prices that would have applied in case of an ADS purchase pursuant to the formula above divided by the number of underlying shares represented by an ADS at the time of the relevant purchase. Compliance with maximum and minimum purchase price requirements in any and all acquisitions made pursuant to this authorization (including, without limitation, acquisitions carried out through the use of derivative financial instruments or option strategies) shall be determined on and as of the date on which the relevant transaction is entered into, irrespective of the date on which the transaction is to be settled.</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">The above maximum and minimum purchase prices shall, in the event of a change in the par value of the securities, a capital increase by means of a capitalization of reserves, a distribution of securities under compensation or similar programs, a stock split or reverse stock split, a distribution of reserves or any other assets, the redemption of capital, or any other transaction impacting on the Company&#8217;s equity, be adapted automatically, so that the impact of any such transaction on the value of the securities shall be reflected.</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">The acquisitions of securities may not have the effect of reducing the Company&#8217;s net assets below the sum of the Company&#8217;s share capital plus its&#160;undistributable&#160;reserves.</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">Only fully paid-up securities may be acquired pursuant to this authorization.</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">The acquisitions of securities may be carried out for any purpose, as may be permitted under applicable laws and regulations, including without limitation to reduce the share capital of the Company, to offer such shares to third parties in the context of corporate mergers or acquisitions of other entities or participating interests therein, for distribution to the Company&#8217;s or the Company&#8217;s subsidiaries&#8217; directors, officers or employees or to meet obligations arising from convertible debt instruments.</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">The acquisitions of securities may be carried out by any and all means, as may be permitted under applicable laws and regulations, including through any stock exchange in which the Company&#8217;s securities are traded, through public offers to all shareholders of the Company to buy securities, through the use of derivative financial instruments or option strategies, or in over-the-counter or off-market transactions or in any other manner.</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">The acquisitions of securities may be carried out at any time, during the duration of the authorization, including during a tender offer period, as may be permitted under applicable laws and regulations.</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">The authorization granted to acquire securities shall be valid for such maximum period as may be provided for under applicable Luxembourg law as in effect from time to time (such maximum period being, as of to date, 5 years).</p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: center; vertical-align: top;" valign="top"><span style="font-size: 12pt;">&#8226;</span></td><td style="height: 17px;"><p>The acquisitions of securities shall be made at such times and on such other terms and conditions as may be determined by the board of directors of the Company or the board of directors or other governing bodies of the relevant subsidiary, provided that, any such purchase shall comply with Article 430-15 et.&#160;seq. of the Luxembourg Company Law (or any successor law) and, in the case of acquisitions of securities made through a stock exchange in which the Company&#8217;s securities are traded, with any applicable laws and regulations of such market.</p></td></tr></tbody></table><p style="margin:0pt"><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">112</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In the future, we may, on the terms and subject to the conditions above referred, initiate a share capital repurchase or similar program or engage in other transactions pursuant to which we would repurchase, directly or indirectly, the Company&#8217;s securities. In addition, we or our subsidiaries may enter into transactions involving sales or purchases of derivatives or other instruments, either settled in cash or through physical delivery of securities, with returns linked to the Company&#8217;s securities. The timing and amount of repurchase transactions under any such program, or sales or purchases of derivatives or other instruments, would depend on market conditions as well as other corporate and regulatory considerations.</span></p></div><div id="Dfwmoouoalsuny866coctof" style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt 0pt 8pt; text-indent: 0pt;"><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bnn_G27DWDMQGG00000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Change in Registrant&#8217;s Certifying Accountant</span></a></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Following the completion of a tender process for the selection of a replacement audit firm for the year 2024, in response to applicable EU and Luxembourg mandatory auditor rotation rules, on November 3, 2022, the Company&#8217;s board of directors, based on the audit committee&#8217;s recommendation, recommended that the next annual general shareholders&#8217; meeting, scheduled to be held on May 3, 2023, appoint EY as the Company&#8217;s external auditors for the fiscal year ending December 31, 2024.</span></span></p><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt; line-height: 1.2;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Boo_Z16CPU8HR400000000000000000000" class="customBookmark"><span style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Corporate Governance Statement</span></a></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s corporate governance practices are governed by Luxembourg Law (including, among others, the Luxembourg Company Law, the Luxembourg Law of January 11, 2008 on transparency requirements for issuers, as amended (which transposes EU Directive 2004/109 of the European Parliament and of the Council of December 15, 2004), the Shareholders&#8217; Rights Law and the Luxembourg law of July 23, 2016, concerning the audit profession (the &#8220;Audit Reform Law&#8221;) and by the Company&#8217;s articles of association. The following is a summary of certain rights of holders of the Company&#8217;s shares and includes the information required under the Luxembourg Law on takeovers of May 19, 2006. Shareholders&#8217; rights are set out in the Company&#8217;s articles of association and are provided by applicable Luxembourg law, and may differ from those typically provided to shareholders of U.S. companies under the corporation laws of some states of the United States. This summary is not exhaustive and does not contain all information that may be important to investors. For more complete information, you should read the Company&#8217;s articles of association, which are attached as an exhibit to this annual report.</span></p><p style="margin: 0pt 0pt 10pt;line-height: 1.2;text-indent: 0pt;color: rgb(142, 142, 142);"><span style="line-height: inherit; font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold; color: rgb(142, 142, 142);"><a style="text-decoration: none; cursor: default; outline: none; pointer-events: none; color: rgb(0, 0, 0);" href="#TOC" id="Bpp_69GGG9XI6800000000000000000000" class="customBookmark"><span style="color: rgb(142, 142, 142);">Corporate Governance</span></a><br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;">Memorandum and Articles of Association</span><br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company is a public limited liability company (<span style="font-style: italic;">soci&#233;t&#233; anonyme</span>) organized under the laws of Luxembourg, registered under the number B85 203 in the Luxembourg <span style="font-style: italic;">Registre de Commerce et des Soci&#233;t&#233;s</span>. Its object and purpose, as set forth in Article 2 of its articles of association, is the taking of interests, in any form, in corporations or other business entities, and the administration, management, control and development thereof.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s authorized share capital is fixed by the Company&#8217;s articles of association as amended from time to time with the approval of shareholders at an extraordinary general shareholders&#8217; meeting. The Company has an authorized share capital of a single class of 2,500,000,000 shares having a nominal value of USD1.00 per share. There were 1,180,536,830 shares issued as of the date of this annual report. All issued shares are fully paid.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s articles of association authorize the board of directors, or any delegate(s) duly appointed by the board of directors, to issue shares within the limits of the authorized share capital against contributions in cash, contributions in kind or by way of available reserves, at such time and on such terms and conditions, including the issue price, as the board of directors, or its delegate(s), may in its or their discretion resolve.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s extraordinary shareholders&#8217; meeting held on June 2, 2020 approved the renewal for an additional five-year period of the authorization granted to the board of directors to waive, suppress or limit any preemptive subscription rights of shareholders provided for by law to the extent it deems such waiver, suppression or limitation advisable for any issue or issues of shares within the authorized share capital; and have waived any preemptive subscription rights provided for by law and related procedures. The validity period of such authorization will expire on June 12, 2025. However, under the Company&#8217;s articles of association, the Company&#8217;s existing shareholders shall have a preferential right to subscribe for any new shares issued pursuant to the authorization granted to its board of directors, except in the following cases (in which cases no preemptive subscription rights shall apply):<br/></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">113</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; text-indent: 0px;"><br/></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5%; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">any issuance of shares (including, without limitation, the direct issuance of shares or upon the exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares) against a contribution other than in cash; <span style="font-style: italic;">and</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td><p>any issuance of shares (including by way of free shares or at discount), up to an amount equal to 1.5% of the issued share capital of the Company, to directors, officers, agents or employees of the Company, its direct or indirect subsidiaries, or its affiliates, including, without limitation, the direct issuance of shares or upon the exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares, issued for the purpose of compensation or incentive for any such persons or in relation thereto (which the board of directors shall be authorized to issue upon such terms and conditions as it deems fit).</p></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amendment of the Company&#8217;s articles of association requires the approval of shareholders at an extraordinary shareholders&#8217; meeting with a two-thirds majority vote of the shares represented at the meeting.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company is controlled by San Faustin, which owns 60.45% of the Company&#8217;s outstanding shares, through its wholly owned subsidiary Techint Holdings S.&#224; r.l. The Dutch private foundation (Stichting) RP STAK holds voting rights in San Faustin sufficient to control San Faustin. No person or group of persons controls RP STAK.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Our directors and senior management as a group own 0.07% of the Company&#8217;s outstanding shares, while the remaining 39.48% are publicly traded. The Company&#8217;s shares trade on the Italian Stock Exchange and the Mexican Stock Exchange; in addition, the Company&#8217;s ADSs trade on the NYSE. See &#8220;Major Shareholders and Related Party Transactions&#8221;.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;">Dividends</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subject to applicable law, all shares (including shares underlying ADSs) are entitled to participate equally in dividends when, as and if declared by the shareholders at the annual general shareholders&#8217; meeting, out of funds legally available for such purposes.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dividends may be lawfully declared and paid if the Company&#8217;s net profits and distributable reserves are sufficient under Luxembourg law. The amount and payment of dividends must be approved by a majority vote at a general shareholders&#8217; meeting, generally, but not necessarily, based on the recommendation of the Company&#8217;s board of directors. Under Article 21 of the Company&#8217;s articles of association, the board of directors has the power to distribute interim dividends out of profits, share premium or any other available reserves, in accordance with applicable law, in particular in accordance with the conditions set forth in Article 461-3 of the Luxembourg Company Law. Such dividend payments must be finally approved by the general shareholders&#8217; meeting. On February 15, 2023 the board of directors announced the proposals to be submitted to the consideration of the annual general shareholders&#8217; meeting, including its proposal on dividends.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">114</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As provided by Article 21 of the Company&#8217;s articles of association, dividends or other distributions declared by the general meeting as well as interim dividends or other distributions declared by the board of directors will be distributed at the times and places determined by the board of directors. The Company will make any and all dividend payments and any other distributions in respect of shares registered in the name of any securities settlement system or operator of such a system or in the name of any financial institution or other professional depositary of securities or any other depositary, whether in cash, shares or other assets, only to such registered holder, or otherwise in accordance with such registered holder&#8217;s instructions, and, as provided by Article 21 of the Company&#8217;s articles of association, that payment shall release the Company from any and all obligations for such payment.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company conducts and will continue to conduct its operations through subsidiaries and, accordingly, its main source of cash to pay dividends, among other possible sources, will be the dividends received from its subsidiaries. For further information see &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to the Structure of the Company &#8211; The Company&#8217;s dividend payments depend on the results of operations and financial condition of its subsidiaries and could be restricted by legal, contractual or other limitations or tax changes&#8221;.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under Luxembourg law, claims for dividends will lapse in favor of the Company five years after the date such dividends are declared. However, the Company may elect to pay a declared dividend after such period. Declared and unpaid dividends held by the Company for the account of its shareholders do not bear interest.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Pursuant to Luxembourg law, at least 5% of our net profits per year must be allocated to the creation of a legal reserve until such reserve has reached an amount equal to 10% of our issued share capital. If the legal reserve later falls below the 10% threshold, at least 5% (or such lower amount required to reach the 10% threshold) of net profits again must be allocated toward the reserve. As of December 31, 2022, the Company&#8217;s legal reserve represented 10% of its share capital. The legal reserve is not available for distribution.<br/></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">115</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;">Shareholders&#8217; Meetings; Voting Rights; Election of Directors</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Each share entitles the holder thereof to one vote at the Company&#8217;s general shareholders&#8217; meetings. Shareholder action by written consent is not permitted, but proxy voting is permitted. Notices of general shareholders&#8217; meetings are governed by the provisions of Luxembourg law and the Company&#8217;s articles of association. Pursuant to applicable Luxembourg law, the Company must give notice of the calling of any general shareholders&#8217; meeting at least 30 days prior to the date for which the meeting is being called, by publishing the relevant convening notice in the <span style="font-style: italic;">Recueil Electronique des Soci&#233;t&#233;s et Associations</span> (Luxembourg&#8217;s electronic official gazette) and in a leading newspaper having general circulation in Luxembourg and by issuing a press release informing of the calling of such meeting. In case the Company&#8217;s shares are listed on a foreign regulated market, notices of general shareholders&#8217; meetings shall also comply with the requirements (including as to content and publicity) and follow the customary practices of such regulated market.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Pursuant to the Company&#8217;s articles of association, for as long as the shares or other securities of the Company are listed on a regulated market within the European Union (as they currently are), and unless otherwise provided by applicable law, only shareholders holding shares as of midnight, central European time, on the day that is fourteen days prior to the day of any given general shareholders&#8217; meeting can attend and vote at such meeting. The board of directors may determine other conditions that must be satisfied by shareholders in order to participate in a general shareholders&#8217; meeting in person or by proxy, including with respect to deadlines for submitting supporting documentation to or for the Company.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">No attendance quorum is required at ordinary general shareholders&#8217; meetings, and resolutions may be adopted by a simple majority of the votes validly cast, irrespective of the number of shares present or represented. Unless otherwise provided by applicable law, an extraordinary general shareholders&#8217; meeting may not validly deliberate on proposed amendments to the Company&#8217;s articles of association unless a quorum of at least half of the share capital is represented at the meeting. If a quorum is not reached at the first extraordinary shareholders&#8217; meeting, a second extraordinary shareholders&#8217; meeting may be convened in accordance with the Company&#8217;s articles of association and applicable law and such second extraordinary general shareholders&#8217; meeting shall validly deliberate regardless of the number of shares represented. In both cases, the Luxembourg Company Law and the Company&#8217;s articles of association require that any resolution of an extraordinary general shareholders&#8217; meeting as to amendments to the Company&#8217;s articles of association be adopted by a two-thirds majority of the votes validly cast at the meeting. If a proposed resolution consists of changing the Company&#8217;s nationality or of increasing the shareholders&#8217; commitments, the unanimous consent of all shareholders is required.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Cumulative voting is not permitted. The Company&#8217;s articles of association do not provide for staggered terms and directors are elected for a maximum of one year but may be reappointed or removed at any time, with or without cause, by the general shareholders&#8217; meeting, by resolution passed by a simple majority vote of the shares validly cast at the meeting. In the case of a vacancy occurring in the board of directors, the remaining directors shall have the right to temporarily fill such vacancy with a temporary director appointed by resolution adopted with the affirmative vote of a majority of the remaining directors; provided that the next general shareholder&#8217;s meeting shall be called upon to ratify such appointment. The term of any such temporary director elected to fill a vacancy shall expire at the end of the term of office of the replaced director.<br/></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">116</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The next Company&#8217;s annual general shareholders&#8217; meeting, that will consider, among other matters our Consolidated Financial Statements and Annual Accounts included in this annual report, will take place in the Company&#8217;s registered office in Luxembourg, on Wednesday, May 3, 2023, at 4:00 p.m. Central European Time.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The articles of association provide that annual general shareholders&#8217; meetings shall meet in Luxembourg within six months from the end of the previous financial year at the date, place and hour indicated in the convening notice. The rights of the shareholders attending the meetings are governed by Shareholders&#8217; Rights Law.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Holders of shares deposited in fungible securities accounts have the same rights and obligations as holders of shares recorded in the Company&#8217;s share register. However, in order to be able to participate in and vote at shareholders&#8217; meetings of the Company, the former must submit, prior to the relevant meeting, reasonably satisfactory evidence to the Company as to the number of shares held on the applicable record date for such meeting. For as long as the shares or the other securities of the Company are listed on a regulated market within the European Union, participation in a shareholders&#8217; general meeting shall <span style="font-style: italic;">inter alia </span>be subject to the relevant shareholder holding shares of the Company on the fourteenth day midnight Central European Time prior to the meeting (unless otherwise provided for by applicable law).<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Holders of ADSs only have those rights that are expressly granted to them in the deposit agreement. See &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to shares and ADSs &#8211; Holders of ADSs may not be able to exercise, or may encounter difficulties in the exercise of, certain rights afforded to shareholders&#8221;. ADS holders may not attend or directly exercise voting rights in shareholder&#8217; meetings, but holders of record of our ADSs as of the relevant ADS holders&#8217; record date set for any given general shareholders&#8217; meeting are entitled to instruct the Depositary as to the exercise of the voting rights in respect of the shares underlying such holder&#8217;s ADSs at such meeting. Holders of ADSs maintaining non-certificated positions must follow voting instructions given by their broker or custodian bank.<br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The notice to the annual general shareholders meeting to be held on May 3, 2023, and the Shareholder Meeting Brochure and Proxy Statement for the meeting, describing the procedures for voting at the meeting applicable to holders of ADSs will be made available on the Company&#8217;s website at https://ir.tenaris.com/investor-relations in accordance with applicable rules and regulations, and will be timely filed by the Company in a report of foreign issuer on Form 6-K.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;">Management</span><br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Management of the Company is vested in a board of directors. For more information on the Company&#8217;s board of directors, audit committee, senior management, and auditors, see &#8220;Directors, Senior Management and Employees&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;">Access to Corporate Records</span><br/></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Luxembourg law and the Company&#8217;s articles of association do not generally provide for shareholder access to corporate records. Shareholders may inspect the annual accounts and auditors&#8217; reports at our registered office during the fifteen-day period prior to a general shareholders&#8217; meeting.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">117</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span>Appraisal Rights</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In the event the Company&#8217;s shareholders approve:</span></span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 157px;"><tbody><tr style="height: 28px;"><td style="width: 5%; text-align: center; vertical-align: top; height: 28px;" valign="top">&#8226;</td><td style="width: 95%; height: 28px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">the delisting of the shares from all stock exchanges where the shares are listed at that time;</span></p></td></tr><tr style="height: 28px;"><td style="text-align: center; vertical-align: top; height: 28px;" valign="top">&#8226;</td><td style="height: 28px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">a merger in which the Company is not the surviving entity (unless the shares or other equity securities of such entity are listed on the New York or London stock exchanges);</span></p></td></tr><tr style="height: 28px;"><td style="text-align: center; vertical-align: top; height: 28px;" valign="top">&#8226;</td><td style="height: 28px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">a sale, lease, exchange or other disposition of all or substantially all of the Company&#8217;s assets;</span></p></td></tr><tr style="height: 28px;"><td style="text-align: center; vertical-align: top; height: 28px;" valign="top">&#8226;</td><td style="height: 28px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">an amendment of our articles of association that has the effect of materially changing the Company&#8217;s corporate purpose;</span></p></td></tr><tr style="height: 28px;"><td style="text-align: center; vertical-align: top; height: 28px;" valign="top">&#8226;</td><td style="height: 28px;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">the relocation of the Company&#8217;s domicile outside of the Grand Duchy of Luxembourg; <span style="font-style: italic;">or</span></span></p></td></tr><tr style="height: 17px;"><td style="text-align: center; vertical-align: top; height: 17px;" valign="top">&#8226;</td><td style="height: 17px;"><p><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">amendments to the Company&#8217;s articles of association that restrict the rights of the Company&#8217;s shareholders.</span></p></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;">Dissenting or absent shareholders have the right to have their shares repurchased by the Company at (i) the average market value of the shares over the 90 calendar days preceding the applicable shareholders&#8217; meeting or (ii) in the event that the shares are not traded on a regulated market, the amount that results from applying the proportion of the Company&#8217;s equity that the shares being sold represent over the Company&#8217;s net worth as of the date of the applicable shareholders&#8217; meeting.</p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Dissenting or absent shareholders must present their claim within one month following the date of the shareholders&#8217; meeting and supply the Company with evidence of their shareholding at the time of such meeting. The Company must (to the extent permitted by applicable laws and regulations and in compliance therewith) repurchase its shares within six months following the date of the shareholders&#8217; meeting.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">If delisting from one or more, but not all, of the stock exchanges where the shares are listed is approved in the shareholders&#8217; meeting, only dissenting or absent shareholders with shares held through participants in the local clearing system for that market or markets can exercise this appraisal right if:<br/></span></span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 5%; text-align: center; vertical-align: top;" valign="top">&#8226;</td><td style="width: 95%;"><p style="margin: 0pt 0pt 8pt; text-indent: 0pt;">they held the shares as of the date of the announcement by the Company of its intention to delist or as of the date of publication of the first convening notice for the general shareholders&#8217; meeting that approved the delisting; <span style="font-style: italic;">and</span></p></td></tr><tr><td style="text-align: center; vertical-align: top;" valign="top">&#8226;</td><td>they present their claim within one month following the date of the general shareholders&#8217; meeting and supply evidence of their shareholding as of the date of the Company&#8217;s announcement or the publication of the first convening notice to the meeting.</td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In the event a shareholder exercises its appraisal rights, applicable Luxembourg law provisions shall apply.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Holders of ADSs may not be able to exercise, or may encounter difficulties in the exercise of, certain rights afforded to shareholders, including appraisal rights. See &#8220;Key Information &#8211; Risk Factors &#8211; Risks Relating to shares and ADSs &#8211; Holders of ADSs may not be able to exercise, or may encounter difficulties in the exercise of, certain rights afforded to shareholders&#8221;.</span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">118</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span>Distribution of Assets on Winding-Up</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">In the event of the Company&#8217;s liquidation, dissolution or winding-up, the net assets remaining after allowing for the payment of all debts, charges and expenses will be paid out to the holders of the shares in proportion to their respective holdings.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid; ;font-style: normal; ;text-decoration: none; ;color: black;">Transferability and Form</span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company&#8217;s articles of association do not contain any redemption or sinking fund provisions, nor do they impose any restrictions on the transfer of shares. The shares are issuable in registered form only.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The ownership of registered shares is evidenced by the inscription of the name of the shareholder, the number of shares held by such shareholders and the amount paid on each share in the Company&#8217;s share register. In addition, the Company&#8217;s shares may be held through fungible securities accounts with financial institutions or other professional depositaries.<br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares held through fungible securities accounts may be transferred in accordance with customary procedures for the transfer of securities in book-entry form. Shares that are not held through fungible securities accounts may be transferred by a written statement of transfer signed by both the transferor and the transferee or their respective duly appointed attorney-in-fact and recorded in the Company&#8217;s share register. The transfer of shares may also be made in accordance with the provisions of Article 1690 of the Luxembourg Civil Code. As evidence of the transfer of registered shares, the Company may also accept any correspondence or other documents evidencing the agreement between transferor and transferee as to the transfer of registered shares.<br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-weight: bold; break-after: avoid; font-style: normal; text-decoration: none; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">Repurchase of Company shares</span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company may repurchase its own shares in the cases and subject to the conditions set by the Luxembourg Company Law and, in the case of acquisitions of shares or ADSs made through a stock exchange in which shares or ADSs are traded, with any applicable laws and regulations of such market. Please see &#8220;Purchase of Equity Securities by the Issuer and Affiliated Purchasers&#8221; for further information on the authorization granted on June 2, 2020, by the annual general meeting of shareholders to the Company or its subsidiaries to repurchase shares of the Company, including shares represented by ADSs.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-weight: bold; break-after: avoid; font-style: normal; text-decoration: none; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">Limitation on Securities Ownership</span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">There are no limitations currently imposed by Luxembourg law or the articles of association on the rights of the Company&#8217;s non-resident or foreign shareholders to hold or vote the Company&#8217;s shares.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-weight: bold; break-after: avoid; font-style: normal; text-decoration: none; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">Change in Control</span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">None of our outstanding securities has any special control rights. The Company&#8217;s articles of association do not contain any provision that would have the effect of delaying, deferring or preventing a change in control of the Company and that would operate only with respect to a merger, acquisition or corporate restructuring involving the Company or any of its subsidiaries. In addition, the Company does not know of any significant agreements or other arrangements to which the Company is a party and which take effect, alter or terminate in the event of a change of control of the Company. There are no agreements between the Company and members of its board of directors or employees providing for compensation if they resign or are made redundant without reason, or if their employment ceases following a change in control of the Company.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">There are no rights associated with the Company&#8217;s shares other than those described above.<br/></span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">119</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 0px; line-height: 1.2; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-weight: bold; break-after: avoid; font-style: normal; text-decoration: none; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;"><br/></span></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-weight: bold; break-after: avoid; font-style: normal; text-decoration: none; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">Ownership Disclosure</span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company&#8217;s articles of association do not contain any provision requiring disclosure of share ownership. However, under the Luxembourg Transparency Law investors in the Company&#8217;s securities should notify the Company and the Luxembourg securities commission on an ongoing basis whenever the proportion of voting rights held or controlled by any such investor reaches, exceeds or falls below any of the following thresholds: 5%, 10%, 15%, 20%, 25%, 33.33%, 50% and 66.66%. Failure to notify the Company and the Luxembourg securities commission of the reaching or crossing of any such thresholds may result in the suspension of the voting rights attaching to the shares exceeding the threshold which would have had to be notified.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt 0pt 10pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-weight: bold; break-after: avoid; font-style: normal; text-decoration: none; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 10pt;">Diversity and Inclusion</span><br/></span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company&#8217;s Code of Conduct prohibits unlawful discrimination in employment relationships, granting all people the right to apply for a position in Tenaris, or to be considered for a new position based on merit, without arbitrary discrimination. The Company&#8217;s Human Resources Policy champions equal opportunities by ensuring that hiring, promotion, transfer, notice periods, dialogue, rights and protection, as well as other employment decisions are taken without regard for race, color, religious belief, gender, age, disability, national origin or sexual orientation. Compensation and remuneration are based on each person&#8217;s duties, personal performance, competence and behavior. Tenaris pursues a policy of inclusive corporate culture and leadership, recognizing the range of benefits brought by embracing diversity in all its aspects, from gender to nationality and age. Specifically, we are making headway in our drive to improve the gender balance, in the knowledge that tackling the male-dominated traditions prevalent in the steel industry will contribute positively to our performance culture.</span></span></p><div style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bqq_PP8RB71IGW00000000000000000000" class="customBookmark"><span style="color: #8e8e8e; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span>Summary of differences with NYSE standards</span></span></a></div><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">As a Luxembourg company listed on the NYSE, the Bolsa Mexicana de Valores, S.A. de C.V. (the Mexican Stock Exchange), and the Borsa Italiana S.p.A. (the Italian Stock Exchange), the Company is required to comply with some, but not all, of the corporate governance standards of these exchanges. The Company, however, believes that its corporate governance practices meet, in all material respects, the corporate governance standards that are generally required for controlled companies by all of the exchanges on which the Company&#8217;s securities trade.</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The following is a summary of the significant ways that the Company&#8217;s corporate governance practices differ from the corporate governance standards required for foreign controlled companies by the NYSE. The Company&#8217;s corporate governance practices may differ in non-material ways from certain other standards required by the NYSE that are not detailed here.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">120</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; text-indent: 0pt;"><span style="font-size: 10pt; font-weight: bold; text-indent: 0pt;">Non-management directors&#8217; meetings</span><br/></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under NYSE standards, non-management directors must meet at regularly scheduled executive sessions without management present and, if such group includes directors who are not independent, a meeting should be scheduled once per year including only independent directors. Neither Luxembourg law nor the Company&#8217;s articles of association require the holding of such meetings and the Company does not have a set policy for these meetings. For additional information on board meetings, see &#8220;Directors, Senior Management and Employees &#8211; Directors and Senior Management &#8211; Board of Directors&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In addition, NYSE-listed companies are required to provide a method for interested parties to communicate directly with non-management directors as a group. While the Company does not have such a method, it has set up a compliance line for investors and other interested parties to communicate their concerns directly to the members of our audit committee, all of whom are non-management, independent directors.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Audit committee</span><span style="font-weight: bold; line-height: inherit;"> composition</span></span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under NYSE standards, listed U.S. companies are required to have an audit committee composed of independent directors that satisfy the requirements of Rule 10A-3 promulgated under the Exchange Act. Pursuant to the Company&#8217;s articles of association, as supplemented by the audit committee&#8217;s charter, for as long as the Company&#8217;s shares are listed on at least one regulated market, the Company must have an audit committee composed of at least three members, the majority of whom must qualify as independent directors (as defined in the Company&#8217;s articles of association), provided, however, that the composition and membership of the audit committee shall satisfy such requirements as are applicable to, and mandatory for, audit committees of issuers such as the Company under any law, rule or regulation applicable to the Company (including, without limitation, the applicable laws, rules and regulations of such regulated market or markets). The Company&#8217;s audit committee, which currently consists of four members, complies with such requirements. In accordance with NYSE standards, the Company has an audit committee entirely composed of independent directors for purposes of the Exchange Act Rule 10A-3(b)(1). For more information on the Company&#8217;s audit committee see &#8220;Directors, Senior Management and Employees&#8211; Board Practices &#8211; Audit Committee&#8221;.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">121</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under NYSE standards, all audit committee members of listed U.S. companies are required to be financially literate or must acquire such financial knowledge within a reasonable period and at least one of its members shall have experience in accounting or financial administration. In addition, if a member of the audit committee is simultaneously a member of the audit committee of more than three public companies, and the listed company does not limit the number of audit committees on which its members may serve, then in each case the board must determine whether the simultaneous service would prevent such member from effectively serving on the listed company&#8217;s audit committee and shall publicly disclose its decision. Luxembourg law provisions on audit committee membership require only that at least one member of the audit committee have competence in accounting or auditing matters. The board of directors of the Company has determined that Ms. Tiuba, the committee&#8217;s chairperson, qualifies as &#8220;audit committee financial expert&#8221; under applicable SEC rules and has competence in accounting or auditing matters, as required by applicable Luxembourg law. In addition, the membership of the audit committee as a whole has sufficient relevant knowledge of the business and financial experience to properly discharge its functions. The audit committee has the authority, from time to time and as it deems necessary, to engage persons that meet all of the attributes of a financial expert as consultants. See &#8220;Audit Committee Financial Expert&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Standards for evaluating director independence</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under NYSE standards, the board is required, on a case-by-case basis, to express an opinion with regard to the independence or lack of independence of each individual director. Neither Luxembourg law nor the Company&#8217;s articles of association requires that the board of directors express such an opinion. In addition, the definition of &#8220;independent&#8221; under the NYSE rules differs in some non-material respects from the definition contained in the Company&#8217;s articles of association. For more information on the Company&#8217;s independent directors and the definition of &#8220;independent&#8221; under the Company&#8217;s articles of association see &#8220;Directors, Senior Management and Employees &#8211; Directors and Senior Management &#8211; Board of Directors&#8221; and &#8220;Directors, Senior Management and Employees &#8211; Board Practices &#8211; Audit Committee&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Audit committee responsibilities</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Pursuant to the Company&#8217;s articles of association, the audit committee shall assist the board of directors in fulfilling its oversight responsibilities relating to the integrity of its consolidated financial statements, the effectiveness of its systems of internal control, risk management and internal audit over financial reporting and the independence and performance of the external auditors. The audit committee is required to review and, where applicable, approve material transactions between the Company or its subsidiaries and related parties and also perform the other duties entrusted to it by the board. The NYSE requires certain matters to be set forth in the audit committee charter of U.S. listed companies.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company&#8217;s audit committee charter provides for many of the responsibilities that are expected from such bodies under the NYSE standard and in accordance with applicable Luxembourg law, including the Audit Reform Law; however, due to the Company&#8217;s equity structure and holding company nature, the charter does not contain all such responsibilities, including provisions related to procedures for the receipt and treatment of complaints (although the Company has established such procedures), funding for payment of administrative expenses and compensation to advisors (although the audit committee has the authority to engage outside advisors), setting hiring policies for employees or former employees of external auditors, and an annual performance evaluation of the audit committee. For more information on the Company&#8217;s audit committee see &#8220;Directors, Senior Management and Employees &#8211; Board Practices &#8211; Audit Committee&#8221;.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">122</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Standards for approval of related-party transactions</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company is subject to Luxembourg laws governing approval and disclosure of material related party transactions, including the Shareholders&#8217; Rights Law; and the Company&#8217;s articles of association and the Audit Committee charter require the Audit Committee to review material transactions with related parties to determine whether their terms are consistent with the interests of the Company and its shareholders and with market conditions. In addition, recently amended NYSE standard on related-party transactions requires all NYSE-listed companies&#8217; audit committees (or another independent body of the board of directors) to conduct a reasonable prior review and oversight of all related party transactions for potential conflicts of interest and to prohibit such a transaction if it determines it to be inconsistent with the interests of the company and its shareholders. The rule defines the term &#8220;related party transaction&#8221; by reference to the disclosure requirements for annual reports under the Exchange Act. The materiality threshold applicable to foreign private issuers differs to the one applicable to U.S companies. For further details on the approval process for related party transactions, see &#8220;Directors, Senior Management and Employees &#8211; Board Practices &#8211; Audit Committee&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholder voting on equity compensation plans</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under NYSE standards, shareholders must be given the opportunity to vote on equity-compensation plans and material revisions thereto, except for employment inducement awards, certain grants, plans and amendments in the context of mergers and acquisitions, and certain specific types of plans. The Company does not currently offer equity-based compensation to its directors, senior management or employees, and therefore does not have a policy on this matter. For more information on directors&#8217; compensation see &#8220;Directors, Senior Management and Employees &#8211; Compensation&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Shareholders&#8217; Rights Law requires the Company to adopt a Compensation Policy setting forth the principles and guidelines for purposes of determining the compensation payable to the members of the Company&#8217;s board of directors and the managing director or chief executive officer. Such Compensation Policy must be submitted to the non-binding vote of the shareholders. In addition, the Shareholders&#8217; Rights Law provides that the Company must prepare an annual report describing the compensation paid to directors and the chief executive officer for the performance of their duties and submit such report to the shareholders for approval. The Compensation Policy and Compensation Report must be available on the Company&#8217;s website. For more information on the Compensation Policy and the 2022 Compensation Report see &#8220;Directors, Senior Management and Employees &#8211; Compensation&#8221;.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Disclosure of corporate governance guidelines</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">NYSE-listed companies must adopt and disclose corporate governance guidelines. Neither Luxembourg law nor the Company&#8217;s articles of association require the adoption or disclosure of corporate governance guidelines. The Company&#8217;s board of directors follows corporate governance guidelines consistent with its equity structure and holding company nature, but the Company has not codified them and therefore does not disclose them on its website.</span></p><p style="margin: 0pt 0pt 10pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Code of business conduct and ethics</span></p><p style="margin: 0pt 0pt 10pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under NYSE standards, listed companies must adopt and disclose a code of business conduct and ethics for directors, officers and employees, and promptly disclose any waivers of the code for directors or executive officers. Neither Luxembourg law nor the Company&#8217;s articles of association require the adoption or disclosure of such a code of conduct. The Company, however, has adopted a code of conduct that applies to all directors, officers and employees that is posted on its website and which complies with the NYSE&#8217;s requirements, except that it does not require the disclosure of waivers of the code for directors and officers. In addition, it has adopted a supplementary code of ethics for senior financial officers, which is also posted on our website. See &#8220;Code of Ethics&#8221;.</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">123</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 28px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><br/></p></td><td style="width: 21.7907%; height: 28px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></span></td></tr><tr style="height: 11px;"><td style="width: 78.2093%; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;"><span style="color: #000000; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Annual Report 2022</span></span></i></span></td></tr></tbody></table><p style="margin: 10pt 0pt; break-after: avoid; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Chief Executive Officer certification</span></p><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A chief executive officer of a U.S. company listed on the NYSE must annually certify that he or she is not aware of any violation by the company of NYSE corporate governance standards. In accordance with NYSE rules applicable to foreign private issuers, the Company&#8217;s chief executive officer is not required to provide the NYSE with this annual compliance certification. However, in accordance with NYSE rules applicable to all listed companies, the Company&#8217;s chief executive officer must promptly notify the NYSE in writing after any of our executive officers becomes aware of any noncompliance with any applicable provision of the NYSE&#8217;s corporate governance standards. In addition, the Company must submit an executed written affirmation annually and an interim written affirmation upon the occurrence of any of the events listed in the foreign private issuer interim written affirmation form by the NYSE.</span></p><div style="margin: 10pt 0pt; font-size: 12pt;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bxy_DEOIT8V8FK00000000000000000000" class="customBookmark"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; break-after: avoid;"><span style="color: rgb(0, 51, 102);">Financial Statements</span></span></a></div><p style="margin: 0in 0in 12pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif';">For the Report of Independent Registered Public Accounting Firm (PCAOB ID <ix:nonNumeric contextRef="D20221231_3" name="dei:AuditorFirmId" id="Tag3158">1328</ix:nonNumeric>) see pages F-1 through F-3 of this annual report.</span></p><p style="margin: 10pt 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">For the Financial Statements see pages F-4 through F-77 of this annual report.</span><br/></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">124</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><div style="margin: 0in 0in 6pt; break-after: avoid; font-size: 12pt;"><br/></div><div style="margin: 0in 0in 6pt; break-after: avoid; font-size: 12pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bss_U8GUE1QWCW00000000000000000000" class="customBookmark"><span style="color: #009900; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: none; cursor: default; outline: none;"><b><span>FINANCIAL STATEMENTS</span></b></span></a></div><p style="line-height: 12pt; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><br/></p><div style="margin: 0px; text-indent: 0px;"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">125</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div></div></div><div id="Djhhsu5krr73znxxuiwx8r" style="font-family: 'times new roman', times; font-size: 10pt;"><div style="margin: 0pt 0pt 10pt; break-after: avoid; text-indent: 0pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#TOC" id="Bexh_BSHPHBERZ400000000000000000000" class="customBookmark"><span style="font-weight: bold; color: #009900;">EXHIBITS</span></a></div><table cellpadding="0" style="height: 361px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><thead><tr style="height: 21px;"><th style="vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; page-break-after: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Exhibit</span><br/><span style="font-family: 'times new roman', times; font-size: 10pt;">Number</span></p><p style="border-top-color: #000000; border-top-width: 1pt; line-height: 1pt; margin: 0pt; padding-top: 1pt; break-after: avoid; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">&#160;</span></p></th><th style="padding-left: 7.2pt; vertical-align: bottom; height: 21px;"><br/></th><th style="padding-left: 7.2pt; vertical-align: bottom; height: 21px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">Description</span></p><p style="border-top-color: #000000; border-top-width: 1pt; line-height: 1pt; margin: 0pt; padding-top: 1pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">&#160;</span></p></th></tr></thead><tbody><tr style="height: 17px;"><td style="vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">&#160;</span></p></td><td style="vertical-align: middle; height: 17px;"><br/></td><td style="vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 7.2pt; vertical-align: top; height: 17px; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">1.1</span></p></td><td style="vertical-align: top; width: 1%; height: 17px;"><br/></td><td style="vertical-align: top; height: 17px; width: 89%;"><p style="margin: 0pt;"><a href="http://www.sec.gov/Archives/edgar/data/1190723/000155485521000059/ex11_1.htm"><span style="font-family: 'times new roman', times; font-size: 10pt;">Updated and Consolidated Articles of Association of Tenaris S.A., dated as of June 2, 2020</span></a></p></td></tr><tr style="height: 17px;"><td style="vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">&#160;</span></p></td><td style="vertical-align: middle; height: 17px;"><br/></td><td style="vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">&#160;</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 7.2pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; ;color: black;">2.1</span></p></td><td style="vertical-align: top; height: 17px;"><br/></td><td style="vertical-align: top; height: 17px;"><p style="margin: 0pt;"><a href="http://www.sec.gov/Archives/edgar/data/1190723/000119312513072991/d493009dex99a.htm"><span style="font-family: 'times new roman', times; font-size: 10pt;">Amended and Restated Deposit Agreement entered into between Tenaris S.A. and Deutsche Bank Trust Company Americas *</span></a></p></td></tr><tr style="height: 17px;"><td style="vertical-align: middle; 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Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Definition and Limitations of Internal Control over Financial Reporting</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">A company&#8217;s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company&#8217;s internal control over financial reporting includes those policies and procedures that (i)&#160;pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii)&#160;provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii)&#160;provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company&#8217;s assets that could have a material effect on the financial statements.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Critical Audit Matters</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that (i) relates to accounts or disclosures that are material to the consolidated financial statements and (ii) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div><table style="width: 100%; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;" class="pageno">F2</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div><p style="line-height: 10pt; margin: 0pt; text-align: right;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">&#160;</span></p><h3 style="font-weight: normal; margin: 0pt 0pt 0pt 56.7pt; page-break-after: avoid; text-indent: -56.7pt;"><img src="imga8721996258e4d7fac24.jpg" alt="Graphics"></img></h3></div><div><p style="line-height: 10pt; margin: 3pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Impairment assessment of goodwill</span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 8pt;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">As described in Notes II.H, 5 and 11 to the consolidated financial statements, at 31 December 2022, the Company&#8217;s goodwill balance was 1,085 million USD. Goodwill is subject to at least an annual impairment test, or is tested more frequently if events or circumstances indicate that its carrying amount value may be impaired. An impairment loss is recognized for the amount by which the asset&#8217;s carrying amount exceeds its recoverable amount. The recoverable amount is the higher between the asset&#8217;s value in use and fair value less costs of disposal. The recoverable value was based on value in use. The value in use is calculated by discounting the estimated cash flows over a five-year period based on forecasts approved by management. For the subsequent years beyond the five-year period, a terminal value is calculated based on perpetuity considering a nominal growth rate. Management judgment is required to estimate discounted future cash flows. The main key assumptions used by management in estimating the value in use are the discount rate, growth rate, oil and gas prices, average number of active oil and gas drilling rigs and raw material costs.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"><span style="line-height: inherit;">The principal considerations for our determination that performing procedures relating to the impairment</span><span style="line-height: inherit;">assessment of goodwill</span><span style="line-height: inherit;">is a critical audit matter are (i) the significant judgment by management when developing the value in use; (ii) a high degree of auditor judgment, subjectivity, and effort in performing procedures and evaluating management&#8217;s significant assumptions related to the discount rate, growth rate, oil and gas prices, average number of active oil and gas drilling rigs and raw material costs; and (iii) the audit effort involved the use of professionals with specialized skill and knowledge.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: inherit;"><span style="line-height: inherit;">Addressing the matter involved performing procedures and evaluating audit evidence in connection with </span><span style="letter-spacing: -0.1pt; line-height: inherit;">forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to management&#8217;s impairment assessment, including controls over management&#8217;s analysis of impairment indicators and controls over the review of assumptions used and discounted cash flow calculations. These procedures also included, among others, (i) testing management&#8217;s process for developing the value in use estimate; (ii) evaluating the appropriateness of the discounted cash flow model; (iii) testing the completeness and accuracy of the underlying data used in the model; and&#160;</span></span><span style="letter-spacing: -0.1pt; line-height: inherit;">(iv) evaluating the reasonableness of the significant assumptions used by management related to the discount rate, growth rate, oil and gas prices, average number of active oil and gas drilling rigs and raw materials costs. Evaluating management&#8217;s assumptions related to the growth rate, oil and gas prices, average number of active oil and gas drilling rigs and raw material costs involved evaluating whether the assumptions used by management were reasonable considering (i) the current and past performance of the businesses; (ii) the consistency with external market and industry data and (iii) whether these assumptions were consistent with evidence obtained in other areas of the audit. Professionals with specialized skill and knowledge were used to assist in the evaluation of the Company&#8217;s discounted cash flow model and the discount rate assumption.</span></span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="color: #ff0000; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#160;</span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="color: #ff0000; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#160;</span></p><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 50%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; 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text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">31</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&#160;March 2023</span></span></td></tr><tr><td style="width: 50%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Represented by</span></td><td style="width: 50%;"><br/></td></tr></tbody></table><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="color: #ff0000; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#160;</span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="color: #ff0000; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#160;</span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="color: #ff0000; font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;">&#160;</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="text-decoration: underline; font-family: 'times new roman', times;"><span style="font-size: 10pt;">/s/ Gilles Vanderweyen</span></span></p><p style="margin: 0pt 0pt 12pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Gilles Vanderweyen</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;">We have served as the Company&#8217;s auditor since </span><span style="font-size: 10pt;">2011</span><span style="font-size: 10pt;">.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: arial, helvetica, sans-serif;"><span style="font-size: 10pt;"><br/></span></span></p><div><table style="width: 100%; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;" class="pageno">F3</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div></div></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img7eadf908c5fd40dd9681.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></img></div><p style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #ffffff;">.</span></p><div style="font-family: 'times new roman', times; font-size: 10pt;"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">128</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><div id="Drmfd552nyknxrobe9dxkr" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="margin: 0px; text-indent: 0px; line-height: 1;"><span style="color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></span></p><p style="margin: 0px; text-indent: 0px;"><span style="color: #000000;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #009900;">CONSOLIDATED INCOME STATEMENT</span></span></p><p style="line-height: 4pt; margin: 0pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">&#160;</span></p><p style="line-height: 4pt; margin: 0pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">&#160;</span></p><div id="t_ft_ELE07XY25S00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 462px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="7" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Notes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #fffcfc; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #fffcfc; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #fffcfc; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 55%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Net sales </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 10%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:Revenue" unitRef="USD" id="Tag394" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,762,526</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:Revenue" unitRef="USD" id="Tag173" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,521,207</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:Revenue" unitRef="USD" id="Tag163" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,146,734</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cost of sales </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:CostOfSales" unitRef="USD" id="Tag153" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,087,739</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:CostOfSales" unitRef="USD" id="Tag145" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,611,602</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:CostOfSales" unitRef="USD" id="Tag150" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,087,317</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Gross profit </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:GrossProfit" unitRef="USD" id="Tag199" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,674,787</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:GrossProfit" unitRef="USD" id="Tag143" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,909,605</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:GrossProfit" unitRef="USD" id="Tag182" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,059,417</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Selling, general and administrative expenses </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:SellingGeneralAndAdministrativeExpense" unitRef="USD" id="Tag192" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,634,575</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:SellingGeneralAndAdministrativeExpense" unitRef="USD" id="Tag184" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,206,569</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:SellingGeneralAndAdministrativeExpense" unitRef="USD" id="Tag165" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,119,227</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Impairment charge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">5</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="USD" id="Tag170" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,725</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="USD" id="Tag162" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,075</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="USD" id="Tag196" decimals="-3" scale="3" format="ixt:num-dot-decimal">622,402</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other operating income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">6</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherIncome" unitRef="USD" id="Tag172" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,497</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherIncome" unitRef="USD" id="Tag193" decimals="-3" scale="3" format="ixt:num-dot-decimal">68,245</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherIncome" unitRef="USD" id="Tag156" decimals="-3" scale="3" format="ixt:num-dot-decimal">33,393</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other operating expenses </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">6</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherExpenseByFunction" unitRef="USD" id="Tag161" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,709</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherExpenseByFunction" unitRef="USD" id="Tag169" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,697</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherExpenseByFunction" unitRef="USD" id="Tag139" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,252</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Operating income (loss) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLossFromOperatingActivities" unitRef="USD" id="Tag142" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,963,275</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLossFromOperatingActivities" unitRef="USD" id="Tag166" decimals="-3" scale="3" format="ixt:num-dot-decimal">707,509</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLossFromOperatingActivities" unitRef="USD" id="Tag175" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">663,071</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:FinanceIncome" unitRef="USD" id="Tag151" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,020</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:FinanceIncome" unitRef="USD" id="Tag190" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,048</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:FinanceIncome" unitRef="USD" id="Tag167" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,387</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:FinanceCosts" unitRef="USD" id="Tag164" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,940</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:FinanceCosts" unitRef="USD" id="Tag181" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,677</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:FinanceCosts" unitRef="USD" id="Tag186" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,014</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other financial results </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherFinanceIncomeCost" unitRef="USD" id="Tag393" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">40,120</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherFinanceIncomeCost" unitRef="USD" id="Tag176" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,295</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherFinanceIncomeCost" unitRef="USD" id="Tag189" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">56,368</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income (loss) before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ts:LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" unitRef="USD" id="Tag185" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,957,235</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ts:LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" unitRef="USD" id="Tag171" decimals="-3" scale="3" format="ixt:num-dot-decimal">730,175</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ts:LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" unitRef="USD" id="Tag191" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">728,066</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity in earnings of non-consolidated companies </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">13</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag141" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,702</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag160" decimals="-3" scale="3" format="ixt:num-dot-decimal">512,591</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag188" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,799</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income (loss) before income tax </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag144" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,165,937</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag194" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,242,766</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag374" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">619,267</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">8</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="USD" id="Tag180" decimals="-3" scale="3" format="ixt:num-dot-decimal">617,236</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="USD" id="Tag179" decimals="-3" scale="3" format="ixt:num-dot-decimal">189,448</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="USD" id="Tag178" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,150</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income (loss) for the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLossFromContinuingOperations" unitRef="USD" id="Tag177" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,548,701</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLossFromContinuingOperations" unitRef="USD" id="Tag195" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,053,318</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLossFromContinuingOperations" unitRef="USD" id="Tag183" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">642,417</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Attributable to: </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Shareholders' equity </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="USD" id="Tag148" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,280</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="USD" id="Tag154" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,100,191</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="USD" id="Tag201" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">634,418</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Non-controlling interests </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="USD" id="Tag146" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,579</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="USD" id="Tag200" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">46,873</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLossAttributableToNoncontrollingInterests" unitRef="USD" id="Tag155" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,999</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag187" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,548,701</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag198" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,053,318</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag152" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">642,417</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Earnings per share attributable to shareholders' equity during the year: </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Weighted average number of ordinary shares (thousands) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:WeightedAverageShares" unitRef="Shares" id="Tag168" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,180,537</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:WeightedAverageShares" unitRef="Shares" id="Tag147" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,180,537</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:WeightedAverageShares" unitRef="Shares" id="Tag149" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,180,537</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Basic and diluted earnings (losses) per share (U.S. dollars per share) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:BasicAndDilutedEarningsLossPerShareFromContinuingOperations" unitRef="USDPerShare" id="Tag157" decimals="2" format="ixt:num-dot-decimal">2.16</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ts:BasicAndDilutedEarningsLossPerShareFromContinuingOperations" unitRef="USDPerShare" id="Tag159" decimals="2" format="ixt:num-dot-decimal">0.93</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ts:BasicAndDilutedEarningsLossPerShareFromContinuingOperations" unitRef="USDPerShare" id="Tag158" decimals="2" format="ixt:num-dot-decimal" sign="-">0.54</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Basic and diluted earnings (losses) per ADS (U.S. dollars per ADS) <span style="font-size: 9pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:BasicAndDilutedEarningsLossPerAmericanDepositaryShareFromContinuingOperations" unitRef="USDPerShare" id="Tag197" decimals="2" format="ixt:num-dot-decimal">4.33</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ts:BasicAndDilutedEarningsLossPerAmericanDepositaryShareFromContinuingOperations" unitRef="USDPerShare" id="Tag140" decimals="2" format="ixt:num-dot-decimal">1.86</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ts:BasicAndDilutedEarningsLossPerAmericanDepositaryShareFromContinuingOperations" unitRef="USDPerShare" id="Tag174" decimals="2" format="ixt:num-dot-decimal" sign="-">1.07</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td></tr></tbody></table></div><p style="line-height: 4pt; margin: 0pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 8pt;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="font-family: 'times new roman', times; margin: 0pt; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 9pt;"><sup>(*)</sup></span>&#160;</span><span><ix:footnote xml:lang="en-US" id="footnote8" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none; line-height: inherit;">Each ADS equals </span><span style="border-left: none; border-right: none; line-height: inherit;">two</span><span style="border-right: none; border-left: none; line-height: inherit;"> shares.</span></ix:footnote></span></span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accompanying notes are an integral part of these Consolidated Financial Statements.</span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-4</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><br/></div><div id="D53snr2eyi26f1zv8dzlapf" style="font-family: 'times new roman', times; font-size: 10pt;"><div style="margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #009900;">CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME</span><br/></div><div style="margin: 0px; text-indent: 0px;"><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div id="t_ft_J98YSUWKBK00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 368px; text-indent: 0px;" width="100%"><tbody><tr style="height: 10px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="8" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 10px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td colspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; text-indent: 0px; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; text-indent: 0px; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; text-indent: 0px; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 65%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income (loss) for the year </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 10%; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag275" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,548,701</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1%; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1%; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag286" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,053,318</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag249" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">642,417</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Items that may be subsequently reclassified to profit or loss: </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Currency translation adjustment </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag285" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">23,710</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag682" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">81,953</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag2915" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,172</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"></td></tr><tr style="height: 10px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Reclassification of currency translation adjustment reserve <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag2916" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,252</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" xsi:nil="true" id="Tag277"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" xsi:nil="true" id="Tag259"></ix:nonFraction> - </span></p></td><td style="vertical-align: top; height: 10px; padding: 0px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Change in value of cash flow hedges and instruments at fair value </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges" unitRef="USD" id="Tag284" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,186</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges" unitRef="USD" id="Tag247" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,178</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges" unitRef="USD" id="Tag290" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">9,832</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax relating to components of other comprehensive income </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" unitRef="USD" xsi:nil="true" id="Tag294"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" unitRef="USD" id="Tag81" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,511</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" unitRef="USD" id="Tag2914" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,376</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> From participation in non-consolidated companies: </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"></td></tr><tr style="height: 17px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - Currency translation adjustment </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies" unitRef="USD" id="Tag280" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,336</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies" unitRef="USD" id="Tag680" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,085</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ts:OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies" unitRef="USD" id="Tag291" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,977</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - Changes in the fair value of derivatives held as cash flow hedges and others </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:OtherComprehensiveIncomeNetOfTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies" unitRef="USD" id="Tag278" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,435</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ts:OtherComprehensiveIncomeNetOfTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies" unitRef="USD" id="Tag281" decimals="-3" scale="3" format="ixt:num-dot-decimal">13</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ts:OtherComprehensiveIncomeNetOfTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies" unitRef="USD" id="Tag282" decimals="-3" scale="3" format="ixt:num-dot-decimal">792</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"></td></tr><tr style="height: 15px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; text-indent: 0px; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" unitRef="USD" id="Tag683" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">91,377</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; text-indent: 0px; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 15px; border-bottom-width: 1px; border-bottom-style: solid; text-indent: 0px; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" unitRef="USD" id="Tag672" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">95,714</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 15px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" unitRef="USD" id="Tag675" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,469</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 15px; padding: 0px; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Items that will not be reclassified to profit or loss: </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"></td></tr><tr style="height: 17px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Remeasurements of post-employment benefit obligations </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag288" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,577</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag287" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,648</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag679" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,971</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax on items that will not be reclassified </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" unitRef="USD" id="Tag255" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,673</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" unitRef="USD" id="Tag251" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,137</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" unitRef="USD" id="Tag681" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">770</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"></td></tr><tr style="height: 17px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Remeasurements of post-employment benefit obligations of non-consolidated companies </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" unitRef="USD" id="Tag293" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,588</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" unitRef="USD" id="Tag685" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,829</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" unitRef="USD" id="Tag677" decimals="-3" scale="3" format="ixt:num-dot-decimal">634</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" unitRef="USD" id="Tag276" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,492</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" unitRef="USD" id="Tag684" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,340</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" unitRef="USD" id="Tag279" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,567</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Other comprehensive (loss) for the year </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag553" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">76,885</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; text-indent: 0px;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag253" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">82,374</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag369" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,036</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total comprehensive income (loss) for the year </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag261" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,471,816</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag257" decimals="-3" scale="3" format="ixt:num-dot-decimal">970,944</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag292" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">653,453</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Attributable to: </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px;"></td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Shareholders' equity </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" unitRef="USD" id="Tag289" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,476,373</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" unitRef="USD" id="Tag670" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,016,434</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent" unitRef="USD" id="Tag371" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">643,435</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Non-controlling interests </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" unitRef="USD" id="Tag678" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,557</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" unitRef="USD" id="Tag674" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">45,490</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests" unitRef="USD" id="Tag283" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,018</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="2" style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag673" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,471,816</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag676" decimals="-3" scale="3" format="ixt:num-dot-decimal">970,944</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag671" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">653,453</ix:nonFraction></span></p></td><td style="vertical-align: top; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="line-height: inherit;"><sup>(*)</sup></span><span><ix:footnote xml:lang="en-US" id="footnote9" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none; line-height: inherit;">During <span style="border-left: none; border-right: none; line-height: inherit;">2022</span> as a result of NKKTubes&#8217; 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 </span><span style="border-right: none; border-left: none; line-height: inherit;">&#8220;Other Information<span style="font-style: italic; line-height: inherit;"> - </span><span style="font-style: italic; line-height: inherit;">A</span><span style="font-style: italic; line-height: inherit;">greement to terminate NKKTubes joint venture</span><span style="font-style: italic; line-height: inherit;">&#8221;</span><span style="font-style: italic; line-height: inherit;">. </span></span></ix:footnote></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accompanying notes are an integral part of these Consolidated Financial Statements. </span><br/></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-5</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div><div id="Da2u6tg4rrh9vprgxxz9vop" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="font-weight: bold; text-transform: uppercase; line-height: inherit;"><br/></span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; color: #009900;"><span style="font-weight: bold; text-transform: uppercase; line-height: inherit;">Consolidated</span><span style="font-weight: bold; text-transform: uppercase; line-height: inherit;"> STATEMENT OF FINANCIAL POSITION</span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div id="t_ft_XA77F1HPSW00000000000000000000b"><table cellpadding="0" style="height: 731px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-indent: 0px; text-align: center; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Notes</span>&#160; </span></p></td><td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td colspan="3" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> ASSETS </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Non-current assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 47%;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Property, plant and equipment, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">10</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag779" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,556,263</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag778" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,824,801</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Intangible assets, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">11</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag777" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,332,508</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag776" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,372,176</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Right-of-use assets, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">12</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag775" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,741</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag774" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,738</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Investments in non-consolidated companies </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">13</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag773" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,540,646</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag772" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,383,774</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other investments</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">19</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag771" decimals="-3" scale="3" format="ixt:num-dot-decimal">119,902</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag770" decimals="-3" scale="3" format="ixt:num-dot-decimal">320,254</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivative financial instruments</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">25</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentDerivativeFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag726"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentDerivativeFinancialAssets" unitRef="USD" id="Tag739" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,080</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">21</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:DeferredTaxAssets" unitRef="USD" id="Tag732" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,870</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:DeferredTaxAssets" unitRef="USD" id="Tag744" decimals="-3" scale="3" format="ixt:num-dot-decimal">245,547</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">14</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentReceivables" unitRef="USD" id="Tag747" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,720</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentAssets" unitRef="USD" id="Tag755" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,081,650</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentReceivables" unitRef="USD" id="Tag759" decimals="-3" scale="3" format="ixt:num-dot-decimal">205,888</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentAssets" unitRef="USD" id="Tag731" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,468,258</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Inventories, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">15</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Inventories" unitRef="USD" id="Tag714" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,986,929</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Inventories" unitRef="USD" id="Tag749" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,672,593</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables and prepayments, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">16</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentPrepaymentsAndOtherCurrentAssets" unitRef="USD" id="Tag718" decimals="-3" scale="3" format="ixt:num-dot-decimal">183,811</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentPrepaymentsAndOtherCurrentAssets" unitRef="USD" id="Tag740" decimals="-3" scale="3" format="ixt:num-dot-decimal">96,276</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current tax assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">17</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTaxAssetsCurrent" unitRef="USD" id="Tag494" decimals="-3" scale="3" format="ixt:num-dot-decimal">243,136</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTaxAssetsCurrent" unitRef="USD" id="Tag737" decimals="-3" scale="3" format="ixt:num-dot-decimal">193,021</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade receivables, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">18</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag742" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493,940</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag706" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,299,072</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivative financial instruments</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">25</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentDerivativeFinancialAssets" unitRef="USD" id="Tag729" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,805</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentDerivativeFinancialAssets" unitRef="USD" id="Tag765" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,235</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other investments</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">19</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag760" decimals="-3" scale="3" format="ixt:num-dot-decimal">438,448</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag748" decimals="-3" scale="3" format="ixt:num-dot-decimal">397,849</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">19</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag707" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,527</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentAssets" unitRef="USD" id="Tag722" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,468,596</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag717" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentAssets" unitRef="USD" id="Tag738" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,981,173</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Assets" unitRef="USD" id="Tag768" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,550,246</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Assets" unitRef="USD" id="Tag735" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,449,431</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> EQUITY </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Shareholders' equity </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:EquityAttributableToOwnersOfParent" unitRef="USD" id="Tag713" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,905,709</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:EquityAttributableToOwnersOfParent" unitRef="USD" id="Tag723" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,960,578</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Non-controlling interests </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncontrollingInterests" unitRef="USD" id="Tag757" decimals="-3" scale="3" format="ixt:num-dot-decimal">128,728</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncontrollingInterests" unitRef="USD" id="Tag724" decimals="-3" scale="3" format="ixt:num-dot-decimal">145,124</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total equity </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Equity" unitRef="USD" id="Tag761" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,034,437</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Equity" unitRef="USD" id="Tag758" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,105,702</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> LIABILITIES </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Non-current liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">20</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag745" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,433</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag721" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,432</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Lease liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">12</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentLeaseLiabilities" unitRef="USD" id="Tag716" decimals="-3" scale="3" format="ixt:num-dot-decimal">83,616</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentLeaseLiabilities" unitRef="USD" id="Tag753" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,694</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">21</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:DeferredTaxLiabilities" unitRef="USD" id="Tag741" decimals="-3" scale="3" format="ixt:num-dot-decimal">269,069</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:DeferredTaxLiabilities" unitRef="USD" id="Tag763" decimals="-3" scale="3" format="ixt:num-dot-decimal">274,721</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">22</span> (i) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:OtherNoncurrentLiabilities" unitRef="USD" id="Tag715" decimals="-3" scale="3" format="ixt:num-dot-decimal">230,142</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:OtherNoncurrentLiabilities" unitRef="USD" id="Tag711" decimals="-3" scale="3" format="ixt:num-dot-decimal">231,681</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Provisions </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">23</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentProvisions" unitRef="USD" id="Tag764" decimals="-3" scale="3" format="ixt:num-dot-decimal">98,126</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentLiabilities" unitRef="USD" id="Tag743" decimals="-3" scale="3" format="ixt:num-dot-decimal">727,386</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentProvisions" unitRef="USD" id="Tag496" decimals="-3" scale="3" format="ixt:num-dot-decimal">83,556</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentLiabilities" unitRef="USD" id="Tag754" decimals="-3" scale="3" format="ixt:num-dot-decimal">784,084</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">20</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag712" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,329</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag752" decimals="-3" scale="3" format="ixt:num-dot-decimal">219,501</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Lease liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">12</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentLeaseLiabilities" unitRef="USD" id="Tag727" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,561</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentLeaseLiabilities" unitRef="USD" id="Tag710" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,591</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivative financial instruments</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">25</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentDerivativeFinancialLiabilities" unitRef="USD" id="Tag766" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentDerivativeFinancialLiabilities" unitRef="USD" id="Tag709" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current tax liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">17</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTaxLiabilitiesCurrent" unitRef="USD" id="Tag746" decimals="-3" scale="3" format="ixt:num-dot-decimal">376,240</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTaxLiabilitiesCurrent" unitRef="USD" id="Tag736" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,486</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">22</span> (ii) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:OtherCurrentLiabilities" unitRef="USD" id="Tag719" decimals="-3" scale="3" format="ixt:num-dot-decimal">260,614</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:OtherCurrentLiabilities" unitRef="USD" id="Tag708" decimals="-3" scale="3" format="ixt:num-dot-decimal">203,725</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Provisions </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">24</span> (ii) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentProvisions" unitRef="USD" id="Tag720" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,185</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentProvisions" unitRef="USD" id="Tag725" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,322</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Customer advances </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentAdvances" unitRef="USD" id="Tag728" decimals="-3" scale="3" format="ixt:num-dot-decimal">242,910</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentAdvances" unitRef="USD" id="Tag730" decimals="-3" scale="3" format="ixt:num-dot-decimal">92,436</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade payables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" id="Tag751" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,179,457</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentLiabilities" unitRef="USD" id="Tag756" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,788,423</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" id="Tag767" decimals="-3" scale="3" format="ixt:num-dot-decimal">845,256</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentLiabilities" unitRef="USD" id="Tag733" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,559,645</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Liabilities" unitRef="USD" id="Tag769" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,515,809</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Liabilities" unitRef="USD" id="Tag762" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,343,729</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total equity and liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:EquityAndLiabilities" unitRef="USD" id="Tag734" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,550,246</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:EquityAndLiabilities" unitRef="USD" id="Tag750" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,449,431</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr></tbody></table></div><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Contingencies, commitments and restrictions on the distribution of profits are disclosed in note <span style="border-left: none; border-right: none; line-height: inherit;">26</span> to these Consolidated Financial Statements.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accompanying notes are an integral part of these Consolidated Financial Statements. &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p><p style="margin: 0pt; text-align: left;"><br/></p><div><div id="t_ft_3D0KOSDMM800000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-6</span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_NCZ9NKTTCW00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended <span style="border-left: none; border-right: none;">2022</span>, <span style="border-left: none; border-right: none;">2021</span> and <span style="border-left: none; border-right: none;">2020</span> - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div><div id="Drnu46a1li4gh8los3ktvnq" style="font-family: 'times new roman', times; line-height: 1.2;"><p style="font-size: 10pt; margin: 0px; text-indent: 0px;"><span style="color: #000000; 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font-size: 9pt; vertical-align: bottom; font-weight: bold; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Non-controlling interests </span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Total </span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-bottom-color: #000000 !important;" valign="bottom"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 27%;" valign="bottom"><p style="margin: 0px; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Balance at December 31, 2021</span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 6%;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="USD" id="Tag26" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,180,537</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 6%;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="USD" id="Tag958" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,054</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 6%;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_SharePremiumMember" name="ifrs-full:Equity" unitRef="USD" id="Tag909" decimals="-3" scale="3" format="ixt:num-dot-decimal">609,733</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; 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height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 6%;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_OtherReservesMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1017" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">336,200</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 6%;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_RetainedEarningsMember_1" name="ifrs-full:Equity" unitRef="USD" id="Tag1022" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,439,587</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 6%; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="USD" id="Tag997" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,960,578</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%; font-weight: bold;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 7%;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="USD" id="Tag3154" decimals="-3" scale="3" format="ixt:num-dot-decimal">145,124</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 6%; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Equity" unitRef="USD" id="Tag1123" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,105,702</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; width: 1%; font-weight: bold;" valign="bottom"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Income (loss) for the year </span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; font-weight: bold; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold; font-size: 9pt;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="border-left: none; border-right: none;"> - </span></span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="border-left: none; border-right: none;"> - </span></span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="border-left: none; border-right: none;"> - </span></span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_RetainedEarningsMember_1" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag857" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,280</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag906" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,280</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag874" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,579</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag903" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,548,701</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-bottom-color: #000000 !important;" valign="bottom"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Currency translation adjustment </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag898" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">23,632</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag899" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">23,632</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag876" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">78</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag871" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">23,710</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px;"><td style="padding: 0px 0px 0px 10px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;">Reclassification of currency translation adjustment reserve <span style="font-size: 8pt;"><sup>(4)</sup></span></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag1014" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,252</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag882" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,252</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag947" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,252</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Remeasurements of post-employment benefit obligations, net of taxes </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">-</span></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20221231_OtherReservesMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag1018" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,519</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20221231_RetainedEarningsMember_1" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag1112" decimals="-3" scale="3" format="ixt:num-dot-decimal">13</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag910" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,532</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag1129" decimals="-3" scale="3" format="ixt:num-dot-decimal">372</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag883" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,904</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px 0px 0px 10px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Change in value of instruments at fair value through other comprehensive income and cash flow hedges, net of taxes </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">-</span></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20221231_OtherReservesMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag1000" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,914</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold; font-size: 9pt;">-</span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag1026" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,914</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag1035" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">272</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag992" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,186</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> From other comprehensive income of non-consolidated companies </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag873" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,336</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20221231_OtherReservesMember" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag988" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,023</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag1031" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,359</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold; font-size: 9pt;">-</span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag887" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,359</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Other comprehensive (loss) income for the year </span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1113" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">87,548</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_OtherReservesMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1021" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,628</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_RetainedEarningsMember_1" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag869" decimals="-3" scale="3" format="ixt:num-dot-decimal">13</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1046" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">76,907</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag950" decimals="-3" scale="3" format="ixt:num-dot-decimal">22</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1149" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">76,885</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Total comprehensive income (loss) for the year </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag976" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">87,548</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_OtherReservesMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag999" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,628</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_RetainedEarningsMember_1" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag1027" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,553,293</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag945" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,476,373</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><br/></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag985" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,557</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag912" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,471,816</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px 0px 0px 10px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Acquisition and other changes in non-controlling interests </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag967" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,407</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag993" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,407</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Dividends paid in cash </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20221231_RetainedEarningsMember_1" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag1041" decimals="-3" scale="3" format="ixt:num-dot-decimal">531,242</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag2917" decimals="-3" scale="3" format="ixt:num-dot-decimal">531,242</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20221231_NoncontrollingInterestsMember" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag972" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,432</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag918" decimals="-3" scale="3" format="ixt:num-dot-decimal">541,674</ix:nonFraction></span></p></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold;" valign="bottom"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px;"><td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Balance at December 31, 2022 </span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="USD" id="Tag975" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,180,537</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="USD" id="Tag866" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,054</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_SharePremiumMember" name="ifrs-full:Equity" unitRef="USD" id="Tag963" decimals="-3" scale="3" format="ixt:num-dot-decimal">609,733</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:Equity" unitRef="USD" id="Tag986" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,138,681</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_OtherReservesMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1128" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">325,572</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_RetainedEarningsMember_1" name="ifrs-full:Equity" unitRef="USD" id="Tag952" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,461,638</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="USD" id="Tag943" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,905,709</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="USD" id="Tag942" decimals="-3" scale="3" format="ixt:num-dot-decimal">128,728</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Equity" unitRef="USD" id="Tag962" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,034,437</ix:nonFraction></span></p></td><td style="padding: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; vertical-align: bottom; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td></tr></tbody></table></div><p style="font-size: 10pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><table style="width: 100%; margin: 0px; height: 40px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;"><tbody><tr style="height: 10px;"><td style="width: 3.31153%; margin: 0px 0px 0px 0.1px; text-indent: 0px; padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; font-size: 9pt;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</span></td><td style="width: 96.6885%; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px 0px 0px 0.1px; text-indent: 0px; vertical-align: top; height: 10px; font-size: 9pt;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote15" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">The Company has an authorized share capital of a single class of&#160;</span><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NumberOfSharesAuthorised" unitRef="Shares" id="Tag877" decimals="-8" scale="9" format="ixt:num-dot-decimal">2.5</ix:nonFraction></span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">&#160;billion shares having a nominal value of $</span></span><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:ParValuePerShare" unitRef="USDPerShare" id="Tag974" decimals="2" format="ixt:num-dot-decimal">1.00</ix:nonFraction></span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">&#160;per share. 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All issued shares are fully paid.</span></span></ix:footnote></span></td></tr><tr style="height: 10px;"><td style="width: 3.31153%; padding-left: 0px; padding-right: 0px; margin: 0px 0px 0px 0.1px; text-indent: 0px; vertical-align: top; height: 10px; font-size: 9pt;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</span></td><td style="width: 96.6885%; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px 0px 0px 0.1px; text-indent: 0px; vertical-align: top; height: 10px; font-size: 9pt;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote12" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Other reserves include mainly the result of transactions with non-controlling interests that do not result in a loss of control, the&#160;</span>remeasurement<span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;of post-employment benefit obligations, the changes in value of cash flow hedges and the changes in financial instruments measured at fair value through other comprehensive income.</span></span></ix:footnote></span></td></tr><tr style="height: 10px;"><td style="width: 3.31153%; padding-left: 0px; padding-right: 0px; margin: 0px 0px 0px 0.1px; text-indent: 0px; vertical-align: top; height: 10px; font-size: 9pt;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(3)</span></td><td style="width: 96.6885%; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px 0px 0px 0.1px; text-indent: 0px; vertical-align: top; height: 10px; font-size: 9pt;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote14" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The restrictions on the distribution of profits and payment of dividends according to Luxembourg Law are disclosed in note 26</span></span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;(iii) to these Consolidated Financial Statements.</span></span></ix:footnote></span></td></tr><tr style="height: 10px;"><td style="width: 3.31153%; padding-left: 0px; padding-right: 0px; margin: 0px 0px 0px 0.1px; text-indent: 0px; vertical-align: top; height: 10px; font-size: 9pt;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(4)</span></td><td style="width: 96.6885%; text-align: justify; padding-left: 0px; padding-right: 0px; margin: 0px 0px 0px 0.1px; text-indent: 0px; vertical-align: top; height: 10px; font-size: 9pt;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote13" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Related to&#160;</span><span style="border-right: none; border-left: none;">NKKTubes</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8217; cease of operations. For more information see note&#160;</span></span><span style="border-left: none; border-right: none;">35</span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;&#8220;Other Relevant Information</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#8211;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">A</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">greement&#160;to t</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">erminate&#160;NKKTubes&#160;joint venture</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#8221;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">.</span></span></ix:footnote></span></td></tr></tbody></table><p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><p style="font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accompanying notes are an integral part of these Consolidated Financial Statements.&#160;</span></p><p style="font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><div><table style="width: 100%; font-family: &quot;times new roman&quot;; font-size: 10pt; height: 15px;"><tbody><tr style="height: 15px;"><td class="pgno" style="padding: 0px; text-align: center; height: 15px;"><span style="font-size: 10pt;" class="pageno">F-7</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; 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border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="font-size: 10pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p><div id="t_ft_WDQ6D88P0W00000000000000000000b"><table cellpadding="0" style="height: 130px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 10px;"><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td colspan="19" style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Attributable to owners of the parent </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="font-weight: bold;">Share Capital <span style="font-size: 8pt;"><sup>(1)</sup></span></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Legal Reserves </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Share Premium </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Currency Translation Adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="font-weight: bold;">Other Reserve <span style="font-size: 8pt;"><sup>(2)</sup></span></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Retained Earnings </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Non-controlling interests </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 27%;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Balance at December 31, 2020 </span></p></td><td style="padding: 0px; vertical-align: bottom; 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vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 7%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20201231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:Equity" unitRef="USD" id="Tag859" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">958,374</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20201231_OtherReservesMember" name="ifrs-full:Equity" unitRef="USD" id="Tag907" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">345,217</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231_RetainedEarningsMember_1" name="ifrs-full:Equity" unitRef="USD" id="Tag905" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,658,155</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="USD" id="Tag867" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,262,888</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%; font-weight: bold;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 7%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1039" decimals="-3" scale="3" format="ixt:num-dot-decimal">183,585</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:Equity" unitRef="USD" id="Tag1038" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,446,473</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%; font-weight: bold;"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Income (loss) for the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_RetainedEarningsMember_1" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag911" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,100,191</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag981" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,100,191</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_NoncontrollingInterestsMember" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag1044" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">46,873</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag1045" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,053,318</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20211231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag860" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">81,674</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag1049" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">81,674</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20211231_NoncontrollingInterestsMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag913" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">279</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag1010" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">81,953</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Remeasurements of post-employment benefit obligations, net of taxes </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20211231_OtherReservesMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag858" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,813</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20211231_RetainedEarningsMember_1" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag977" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">15</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag971" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,798</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20211231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag998" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">287</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag908" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,511</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Change in value of instruments at fair value through other comprehensive income and cash flow hedges, net of taxes </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20211231_OtherReservesMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag1154" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,638</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag875" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,638</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20211231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag915" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,949</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag1020" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,689</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> From other comprehensive income of non-consolidated companies </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20211231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag1040" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,085</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20211231_OtherReservesMember" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag922" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,842</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag1032" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,243</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag886" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,243</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Other comprehensive (loss) income for the year </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; text-align: right; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1122" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">92,759</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_OtherReservesMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1015" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,017</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_RetainedEarningsMember_1" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag996" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">15</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag982" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">83,757</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1008" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,383</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1011" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">82,374</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td></tr><tr style="height: 10px;"><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Total comprehensive income (loss) for the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; text-align: right; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag980" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">92,759</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_OtherReservesMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag991" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,017</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_RetainedEarningsMember_1" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag1030" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,100,176</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag870" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,016,434</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_NoncontrollingInterestsMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag3155" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">45,490</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag27" decimals="-3" scale="3" format="ixt:num-dot-decimal">970,944</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;">Acquisition and other changes in non-controlling interests <span style="font-size: 8pt;"><sup>(3)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20211231_NoncontrollingInterestsMember" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag1134" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,384</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag2918" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,384</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Dividends paid in cash </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20211231_RetainedEarningsMember_1" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag1007" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,744</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag961" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,744</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20211231_NoncontrollingInterestsMember" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag946" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,355</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag970" decimals="-3" scale="3" format="ixt:num-dot-decimal">322,099</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Balance at December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="USD" id="Tag924" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,180,537</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1150" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,054</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_SharePremiumMember" name="ifrs-full:Equity" unitRef="USD" id="Tag879" decimals="-3" scale="3" format="ixt:num-dot-decimal">609,733</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1115" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,051,133</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_OtherReservesMember" name="ifrs-full:Equity" unitRef="USD" id="Tag28" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">336,200</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_RetainedEarningsMember_1" name="ifrs-full:Equity" unitRef="USD" id="Tag1034" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,439,587</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="USD" id="Tag914" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,960,578</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="USD" id="Tag897" decimals="-3" scale="3" format="ixt:num-dot-decimal">145,124</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Equity" unitRef="USD" id="Tag951" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,105,702</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><table style="width: 100%; margin: 0px; height: 30px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 10px;"><td style="width: 3%; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt;">(1)</span></td><td style="width: 97%; height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote17" footnoteRole="http://www.xbrl.org/2003/role/footnote">The Company has an authorized share capital of a single class of <ix:nonFraction contextRef="I20211231" name="ifrs-full:NumberOfSharesAuthorised" unitRef="Shares" id="Tag978" decimals="-8" scale="9" format="ixt:num-dot-decimal">2.5</ix:nonFraction> billion shares having a nominal value of $<ix:nonFraction contextRef="I20211231" name="ifrs-full:ParValuePerShare" unitRef="USDPerShare" id="Tag949" decimals="2" format="ixt:num-dot-decimal">1.00</ix:nonFraction> per share. As of December 31, 2021 there were <ix:nonFraction contextRef="I20211231" name="ifrs-full:NumberOfSharesIssued" unitRef="Shares" id="Tag995" decimals="0" format="ixt:num-dot-decimal">1,180,536,830</ix:nonFraction> shares issued. All issued shares are fully paid.</ix:footnote></span></td></tr><tr style="height: 10px;"><td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt;">(2)</span></td><td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote18" footnoteRole="http://www.xbrl.org/2003/role/footnote">Other reserves include mainly the result of transactions with non-controlling interests that do not result in a loss of control, the remeasurement of post-employment benefit obligations, the changes in value of cash flow hedges and the changes in financial instruments measured at fair value through other comprehensive income.</ix:footnote></span></td></tr><tr style="height: 10px;"><td style="height: 10px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt;">(3)</span></td><td style="height: 10px; margin: 0px; text-indent: 0px; padding: 0px; vertical-align: top;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote19" footnoteRole="http://www.xbrl.org/2003/role/footnote">Mainly related to the agreement for the construction of Tenaris Baogang Baotou Steel Pipes Ltd.</ix:footnote></span></td></tr></tbody></table><p style="margin: 0px; text-align: justify; text-indent: 0px;"><br/></p><p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accompanying notes are an integral part of these Consolidated Financial Statements.</span></p><p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-8</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><div id="t_ft_WCZW2APYYO00000000000000000000b"><table cellpadding="0" style="height: 130px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 10px;"><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td colspan="19" style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Attributable to owners of the parent </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important;"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="font-weight: bold;">Share Capital <span style="font-size: 8pt;"><sup>(1)</sup></span></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Legal Reserves </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Share Premium </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Currency Translation Adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="font-weight: bold;">Other Reserves <span style="font-size: 8pt;"><sup>(2)</sup></span></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Retained Earnings </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Non-controlling interests </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 27%;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Balance at December 31, 2019 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20191231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="USD" id="Tag984" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,180,537</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20191231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1043" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,054</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20191231_SharePremiumMember" name="ifrs-full:Equity" unitRef="USD" id="Tag904" decimals="-3" scale="3" format="ixt:num-dot-decimal">609,733</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 7%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20191231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:Equity" unitRef="USD" id="Tag955" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">957,246</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20191231_OtherReservesMember" name="ifrs-full:Equity" unitRef="USD" id="Tag916" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">336,902</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20191231_RetainedEarningsMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1135" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,374,782</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20191231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1013" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,988,958</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%; font-weight: bold;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 7%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20191231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1048" decimals="-3" scale="3" format="ixt:num-dot-decimal">197,414</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; width: 6%; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20191231" name="ifrs-full:Equity" unitRef="USD" id="Tag969" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,186,372</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; width: 1%; font-weight: bold;"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (Loss) for the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_RetainedEarningsMember_1" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag1127" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">634,418</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag921" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">634,418</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_NoncontrollingInterestsMember" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag948" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,999</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag1024" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">642,417</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20201231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag885" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,849</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag880" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,849</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20201231_NoncontrollingInterestsMember" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag917" decimals="-3" scale="3" format="ixt:num-dot-decimal">323</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" unitRef="USD" id="Tag901" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,172</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Remeasurements of post-employment benefit obligations, net of taxes </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20201231_OtherReservesMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag953" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,664</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20201231_RetainedEarningsMember_1" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag1019" decimals="-3" scale="3" format="ixt:num-dot-decimal">428</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag3156" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,236</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20201231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag1126" decimals="-3" scale="3" format="ixt:num-dot-decimal">35</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" unitRef="USD" id="Tag964" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,201</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Change in value of instruments at fair value through other comprehensive income and cash flow hedges, net of taxes </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20201231_OtherReservesMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag989" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,079</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag1153" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,079</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20201231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag1025" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,377</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" unitRef="USD" id="Tag968" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,456</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> From other comprehensive income of non-consolidated companies </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20201231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag1009" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">31,977</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20201231_OtherReservesMember" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag1047" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,426</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag1016" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">30,551</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag881" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">30,551</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Other comprehensive (loss) income for the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span><br/></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1125" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,128</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_OtherReservesMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag1033" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,317</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231_RetainedEarningsMember_1" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag923" decimals="-3" scale="3" format="ixt:num-dot-decimal">428</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag994" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">9,017</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_NoncontrollingInterestsMember" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag868" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,019</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherComprehensiveIncome" unitRef="USD" id="Tag966" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,036</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td></tr><tr style="height: 10px;"><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Total comprehensive (loss) for the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag1042" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,128</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_OtherReservesMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag979" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,317</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_RetainedEarningsMember_1" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag1133" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">633,990</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag1029" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">643,435</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_NoncontrollingInterestsMember" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag872" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,018</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ComprehensiveIncome" unitRef="USD" id="Tag957" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">653,453</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-weight: bold; font-size: 9pt;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;">Acquisition and other changes in non-controlling interests <span style="font-size: 8pt;"><sup>(3)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20201231_OtherReservesMember" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag1155" decimals="-3" scale="3" format="ixt:num-dot-decimal">2</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag920" decimals="-3" scale="3" format="ixt:num-dot-decimal">2</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><ix:nonFraction contextRef="D20201231_NoncontrollingInterestsMember" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag902" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,490</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag1028" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,492</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><br/></td></tr><tr style="height: 10px;"><td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> Dividends paid in cash </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20201231_RetainedEarningsMember_1" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag1036" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,637</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag1037" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,637</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> (<ix:nonFraction contextRef="D20201231_NoncontrollingInterestsMember" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag1023" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,301</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><span style="font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag990" decimals="-3" scale="3" format="ixt:num-dot-decimal">87,938</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold;"><span style="font-size: 9pt; font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 9pt;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Balance at December 31, 2020 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231_IssuedCapitalMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1124" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,180,537</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231_StatutoryReserveMember" name="ifrs-full:Equity" unitRef="USD" id="Tag987" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,054</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231_SharePremiumMember" name="ifrs-full:Equity" unitRef="USD" id="Tag896" decimals="-3" scale="3" format="ixt:num-dot-decimal">609,733</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20201231_ReserveOfExchangeDifferencesOnTranslationMember" name="ifrs-full:Equity" unitRef="USD" id="Tag941" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">958,374</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20201231_OtherReservesMember" name="ifrs-full:Equity" unitRef="USD" id="Tag884" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">345,217</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold; font-size: 9pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231_RetainedEarningsMember_1" name="ifrs-full:Equity" unitRef="USD" id="Tag960" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,658,155</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231_EquityAttributableToOwnersOfParentMember" name="ifrs-full:Equity" unitRef="USD" id="Tag2919" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,262,888</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231_NoncontrollingInterestsMember" name="ifrs-full:Equity" unitRef="USD" id="Tag925" decimals="-3" scale="3" format="ixt:num-dot-decimal">183,585</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:Equity" unitRef="USD" id="Tag956" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,446,473</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; font-size: 9pt; font-weight: bold; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-size: 10pt; line-height: 10pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><table style="height: 30px; width: 100%; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;" cellpadding="0"><tbody><tr style="height: 10px; margin-left: 0.1px;"><td valign="top" style="margin: 0px 0px 0px 0.1px; vertical-align: top; text-indent: 0px; padding: 0px; height: 10px; font-size: 9pt; width: 3%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: 17px; display: inline !important;">(</span>1<span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: 17px; display: inline !important;">)</span></td><td valign="top" style="text-align: justify; margin: 0px 0px 0px 0.1px; vertical-align: top; padding: 0px; text-indent: 0px; height: 10px; font-size: 9pt; width: 97%;"><span><ix:footnote xml:lang="en-US" id="footnote16" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none; line-height: 17px;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: 17px; display: inline !important;">The Company has an authorized share capital of a single class of&#160;</span></span><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:NumberOfSharesAuthorised" unitRef="Shares" id="Tag983" decimals="-8" scale="9" format="ixt:num-dot-decimal">2.5</ix:nonFraction></span><span style="border-right: none; border-left: none; line-height: 17px;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; 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display: inline !important;">&#160;per share. 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All issued shares are fully paid.</span></span></ix:footnote></span></td></tr><tr style="height: 10px; margin-left: 0.1px;"><td style="margin: 0px 0px 0px 0.1px; vertical-align: top; padding: 0px; text-indent: 0px; height: 10px; font-size: 9pt;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(</span>2<span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td><td style="text-align: justify; margin: 0px 0px 0px 0.1px; vertical-align: top; padding: 0px; text-indent: 0px; height: 10px; font-size: 9pt;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote11" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Other reserves include mainly the result of transactions with non-controlling interests that do not result in a loss of control, the&#160;</span>remeasurement<span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">&#160;of post-employment benefit obligations, the changes in value of cash flow hedges and the changes in financial instruments measured at fair value through other comprehensive income.</span></span></ix:footnote></span></td></tr><tr style="height: 10px; margin-left: 0.1px;"><td style="margin: 0px 0px 0px 0.1px; vertical-align: top; padding: 0px; text-indent: 0px; height: 10px; font-size: 9pt;" valign="top"><span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(</span>3<span style="color: #000000; font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td><td style="text-align: justify; margin: 0px 0px 0px 0.1px; vertical-align: top; padding: 0px; text-indent: 0px; height: 10px; font-size: 9pt;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote10" footnoteRole="http://www.xbrl.org/2003/role/footnote">Mainly related to the agreement for the construction of&#160;Tenaris&#160;Baogang&#160;Baotou&#160;Steel Pipes Ltd.</ix:footnote></span></td></tr></tbody></table><p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The accompanying notes are an integral part of these Consolidated Financial Statements.</span></p><p style="font-size: 10pt; margin: 0pt; text-align: left; line-height: 1.2;"><br/></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-9</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><div id="Dwckrll5a3ntc1s69bpjle" style="font-family: 'times new roman', times; font-size: 10pt;"><div><p style="line-height: 10pt; margin: 4pt 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #009900;"><span style="font-weight: bold;">CONSOLIDATED STATEMENT</span><span style="font-weight: bold;"> OF CASH FLOWS</span></span></p><div id="t_ft_AO9QZOBDI800000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 725px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="7" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160; &#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Notes </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2020</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 55%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Cash flows from operating activities&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income (loss) for the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag384" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,548,701</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag785" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,053,318</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLoss" unitRef="USD" id="Tag837" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">642,417</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Adjustments for: </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Depreciation and amortization </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">10</span>, <span style="border-left: none; border-right: none;">11</span> &amp; <span style="border-left: none; border-right: none;">12</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense" unitRef="USD" id="Tag832" decimals="-3" scale="3" format="ixt:num-dot-decimal">607,723</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense" unitRef="USD" id="Tag816" decimals="-3" scale="3" format="ixt:num-dot-decimal">594,721</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense" unitRef="USD" id="Tag794" decimals="-3" scale="3" format="ixt:num-dot-decimal">678,806</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Impairment charge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">5</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="USD" id="Tag844" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,725</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="USD" id="Tag817" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,075</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" unitRef="USD" id="Tag838" decimals="-3" scale="3" format="ixt:num-dot-decimal">622,402</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax accruals less payments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">29</span>(ii) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForIncomeTaxExpense" unitRef="USD" id="Tag809" decimals="-3" scale="3" format="ixt:num-dot-decimal">257,651</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForIncomeTaxExpense" unitRef="USD" id="Tag802" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,602</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForIncomeTaxExpense" unitRef="USD" id="Tag799" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">117,214</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity in earnings of non-consolidated companies </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">13</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForUndistributedProfitsOfAssociates" unitRef="USD" id="Tag849" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,702</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForUndistributedProfitsOfAssociates" unitRef="USD" id="Tag795" decimals="-3" scale="3" format="ixt:num-dot-decimal">512,591</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForUndistributedProfitsOfAssociates" unitRef="USD" id="Tag835" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,799</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest accruals less payments, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">29</span>(iii) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForFinanceIncomeCost" unitRef="USD" id="Tag824" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,480</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForFinanceIncomeCost" unitRef="USD" id="Tag810" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,363</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForFinanceIncomeCost" unitRef="USD" id="Tag829" decimals="-3" scale="3" format="ixt:num-dot-decimal">538</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Changes in provisions </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">23</span> &amp; <span style="border-left: none; border-right: none;">24</span>(ii) </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForProvisions" unitRef="USD" id="Tag2921" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,433</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForProvisions" unitRef="USD" id="Tag3036" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,381</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForProvisions" unitRef="USD" id="Tag842" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">13,175</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Reclassification of currency translation adjustment reserve <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">6</span> &amp; <span style="border-left: none; border-right: none;">35</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:AdjustmentsForReclassificationOfForeignExchangeReserve" unitRef="USD" id="Tag89" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">71,252</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ts:AdjustmentsForReclassificationOfForeignExchangeReserve" unitRef="USD" xsi:nil="true" id="Tag831"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ts:AdjustmentsForReclassificationOfForeignExchangeReserve" unitRef="USD" xsi:nil="true" id="Tag839"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Result of sale of subsidiaries </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">6</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" xsi:nil="true" id="Tag3025"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag805" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,768</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" xsi:nil="true" id="Tag825"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Changes in working capital <span style="font-size: 8pt;"><sup>(**)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">29</span>(i) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncreaseDecreaseInWorkingCapital" unitRef="USD" id="Tag784" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,131,245</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncreaseDecreaseInWorkingCapital" unitRef="USD" id="Tag11" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,071,464</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:IncreaseDecreaseInWorkingCapital" unitRef="USD" id="Tag3028" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,055,289</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 18px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 18px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Currency translation adjustment and others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherAdjustmentsForNoncashItems" unitRef="USD" id="Tag3024" decimals="-3" scale="3" format="ixt:num-dot-decimal">69,703</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherAdjustmentsForNoncashItems" unitRef="USD" id="Tag789" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">26,836</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherAdjustmentsForNoncashItems" unitRef="USD" id="Tag30" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,029</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 18px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash provided by operating activities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" unitRef="USD" id="Tag800" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,167,217</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" unitRef="USD" id="Tag798" decimals="-3" scale="3" format="ixt:num-dot-decimal">119,075</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:CashFlowsFromUsedInOperatingActivities" unitRef="USD" id="Tag803" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,520,383</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Cash flows from investing activities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Capital expenditures </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">10</span> &amp; <span style="border-left: none; border-right: none;">11</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag3045" decimals="-3" scale="3" format="ixt:num-dot-decimal">378,446</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag788" decimals="-3" scale="3" format="ixt:num-dot-decimal">239,518</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag3017" decimals="-3" scale="3" format="ixt:num-dot-decimal">193,322</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Changes in advance to suppliers of property, plant and equipment </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:CashFlowsFromUsedInDecreaseIncreaseInAdvanceToSuppliersOfPropertyPlantAndEquipment" unitRef="USD" id="Tag834" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18,901</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:CashFlowsFromUsedInDecreaseIncreaseInAdvanceToSuppliersOfPropertyPlantAndEquipment" unitRef="USD" id="Tag822" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,075</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ts:CashFlowsFromUsedInDecreaseIncreaseInAdvanceToSuppliersOfPropertyPlantAndEquipment" unitRef="USD" id="Tag836" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,031</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Proceeds from sale of subsidiaries, net of cash </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">6</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" unitRef="USD" xsi:nil="true" id="Tag821"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" unitRef="USD" id="Tag833" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,332</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" unitRef="USD" xsi:nil="true" id="Tag87"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Acquisition of subsidiaries, net of cash acquired </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">33</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" unitRef="USD" id="Tag783" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,082</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" unitRef="USD" xsi:nil="true" id="Tag807"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" unitRef="USD" id="Tag3020" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,025,367</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Investment in companies under cost method </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag797"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag3035" decimals="-3" scale="3" format="ixt:num-dot-decimal">692</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag826"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Proceeds from disposal of property, plant and equipment and intangible assets&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag840" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,458</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag813" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,735</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag793" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,394</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends received from non-consolidated companies </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">13</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:DividendsReceivedFromAssociatesClassifiedAsInvestingActivities" unitRef="USD" id="Tag3026" decimals="-3" scale="3" format="ixt:num-dot-decimal">66,162</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:DividendsReceivedFromAssociatesClassifiedAsInvestingActivities" unitRef="USD" id="Tag271" decimals="-3" scale="3" format="ixt:num-dot-decimal">75,929</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:DividendsReceivedFromAssociatesClassifiedAsInvestingActivities" unitRef="USD" id="Tag812" decimals="-3" scale="3" format="ixt:num-dot-decimal">278</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Changes in investments in securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" unitRef="USD" id="Tag3022" decimals="-3" scale="3" format="ixt:num-dot-decimal">123,254</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" unitRef="USD" id="Tag782" decimals="-3" scale="3" format="ixt:num-dot-decimal">390,186</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" unitRef="USD" id="Tag841" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">887,216</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash (used in) provided by investing activities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" unitRef="USD" id="Tag3046" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">163,555</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" unitRef="USD" id="Tag848" decimals="-3" scale="3" format="ixt:num-dot-decimal">267,897</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:CashFlowsFromUsedInInvestingActivities" unitRef="USD" id="Tag827" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,092,264</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 7pt;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Cash flows from financing activities&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends paid </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">9</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" unitRef="USD" id="Tag796" decimals="-3" scale="3" format="ixt:num-dot-decimal">531,242</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" unitRef="USD" id="Tag3029" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,744</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:DividendsPaidClassifiedAsFinancingActivities" unitRef="USD" id="Tag804" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,637</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Dividends paid to non-controlling interest in subsidiaries </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" unitRef="USD" id="Tag3023" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,432</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" unitRef="USD" id="Tag820" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,355</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" unitRef="USD" id="Tag787" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,301</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Changes in non-controlling interests </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:ProceedsPaymentsFromChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag830" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,407</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ts:ProceedsPaymentsFromChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" xsi:nil="true" id="Tag2920"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ts:ProceedsPaymentsFromChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" unitRef="USD" id="Tag851" decimals="-3" scale="3" format="ixt:num-dot-decimal">2</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payments of lease liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">12</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="USD" id="Tag828" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,396</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="USD" id="Tag845" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,473</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" unitRef="USD" id="Tag29" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,553</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Proceeds from borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities" unitRef="USD" id="Tag801" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,511,503</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities" unitRef="USD" id="Tag2922" decimals="-3" scale="3" format="ixt:num-dot-decimal">843,668</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities" unitRef="USD" id="Tag3050" decimals="-3" scale="3" format="ixt:num-dot-decimal">658,156</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Repayments of borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities" unitRef="USD" id="Tag3018" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,094,370</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities" unitRef="USD" id="Tag3016" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,121,053</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities" unitRef="USD" id="Tag83" decimals="-3" scale="3" format="ixt:num-dot-decimal">896,986</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net cash used in financing activities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" unitRef="USD" id="Tag815" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">178,344</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" unitRef="USD" id="Tag847" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">647,957</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:CashFlowsFromUsedInFinancingActivities" unitRef="USD" id="Tag270" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">375,319</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Increase (decrease) in cash and cash equivalents</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" unitRef="USD" id="Tag86" decimals="-3" scale="3" format="ixt:num-dot-decimal">825,318</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" unitRef="USD" id="Tag10" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">260,985</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" unitRef="USD" id="Tag818" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">947,200</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Movement in cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" unitRef="USD" id="Tag3021" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,067</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" unitRef="USD" id="Tag85" decimals="-3" scale="3" format="ixt:num-dot-decimal">584,583</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20191231" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" unitRef="USD" id="Tag3030" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,554,275</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Effect of exchange rate changes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" unitRef="USD" id="Tag3015" decimals="-3" scale="3" format="ixt:num-dot-decimal">51,952</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" unitRef="USD" id="Tag3044" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,531</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents" unitRef="USD" id="Tag786" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,492</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Increase (decrease) in cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" unitRef="USD" id="Tag823" decimals="-3" scale="3" format="ixt:num-dot-decimal">825,318</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" unitRef="USD" id="Tag843" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">260,985</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" unitRef="USD" id="Tag84" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">947,200</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" unitRef="USD" id="Tag846" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,433</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" unitRef="USD" id="Tag3019" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,067</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" unitRef="USD" id="Tag791" decimals="-3" scale="3" format="ixt:num-dot-decimal">584,583</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 7pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 7pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; font-size: 7pt; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td colspan="7" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Cash and cash equivalents&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2020</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Cash and bank deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">19</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag850" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,527</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag819" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,127</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag811" decimals="-3" scale="3" format="ixt:num-dot-decimal">584,681</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank overdrafts </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"><span style="border-left: none; border-right: none;">20</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231" name="ifrs-full:BankOverdraftsClassifiedAsCashEquivalents" unitRef="USD" id="Tag790" decimals="-3" scale="3" format="ixt:num-dot-decimal">94</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231" name="ifrs-full:BankOverdraftsClassifiedAsCashEquivalents" unitRef="USD" id="Tag3027" decimals="-3" scale="3" format="ixt:num-dot-decimal">60</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231" name="ifrs-full:BankOverdraftsClassifiedAsCashEquivalents" unitRef="USD" id="Tag82" decimals="-3" scale="3" format="ixt:num-dot-decimal">98</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" unitRef="USD" id="Tag808" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,433</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" unitRef="USD" id="Tag814" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,067</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" unitRef="USD" id="Tag383" decimals="-3" scale="3" format="ixt:num-dot-decimal">584,583</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt;">(*)&#160;<span><ix:footnote xml:lang="en-US" id="footnote20" footnoteRole="http://www.xbrl.org/2003/role/footnote">Related to NKKTubes&#8217; cease of operations. For more information see note <span style="border-left: none; border-right: none;">35</span> &#8220;Other Information <span style="font-style: italic;">&#8211; </span><span style="font-style: italic;">A</span><span style="font-style: italic;">greement to t</span><span style="font-style: italic;">erminate NKKTubes joint venture</span><span style="font-style: italic;">&#8221;</span><span style="font-style: italic;">.</span></ix:footnote></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt;">(**) <span><ix:footnote xml:lang="en-US" id="footnote21" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar for an amount of $</span><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_3" name="ts:CurrencyTranslationAdjustmentWorkingCapital" unitRef="USD" id="Tag806" decimals="-5" scale="6" format="ixt:num-dot-decimal">4.2</ix:nonFraction></span><span style="border-right: none; border-left: none;"> million for </span><span style="border-left: none; border-right: none;">2022</span><span style="border-right: none; border-left: none;">, $</span><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_3" name="ts:CurrencyTranslationAdjustmentWorkingCapital" unitRef="USD" id="Tag88" decimals="-5" scale="6" format="ixt:num-dot-decimal">25.6</ix:nonFraction></span><span style="border-right: none; border-left: none;"> million for </span><span style="border-left: none; border-right: none;">2021</span><span style="border-right: none; border-left: none;"> and $</span><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20201231" name="ts:CurrencyTranslationAdjustmentWorkingCapital" unitRef="USD" id="Tag792" decimals="-5" scale="6" format="ixt:num-dot-decimal">3.8</ix:nonFraction></span><span style="border-right: none; border-left: none;"> million for </span><span style="border-left: none; border-right: none;">2020</span><span style="border-right: none; border-left: none;">.</span></ix:footnote></span></span></p><p style="line-height: 10pt; margin: 4pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The accompanying notes are an integral part of these Consolidated Financial Statements.</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p><div><div style="border-left: none; border-right: none;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-10</span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_DAX8E3DH9S00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended <span style="border-left: none; border-right: none;">2022</span>, <span style="border-left: none; border-right: none;">2021</span> and <span style="border-left: none; border-right: none;">2020</span> - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div></div><div id="Dia9tn3l24rbmstubexvz3q" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; font-weight: bold; text-transform: uppercase;"><br/></span></span></p><p style="margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; color: #009900;"><span style="font-size: 10pt; font-weight: bold; text-transform: uppercase;">Index </span><span style="font-size: 10pt; font-weight: bold; text-transform: uppercase;">TO</span><span style="font-size: 10pt; font-weight: bold; text-transform: uppercase;"> the notes to the co</span><span style="font-size: 10pt; font-weight: bold; text-transform: uppercase;">nsolidated financial statements</span></span></p><p style="margin: 0pt; text-align: justify;"><br/></p><table cellpadding="0" style="height: 673px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top; width: 5%;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #cc0066;">I</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top; width: 45%;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #cc0066;">GENERAL INFORMATION</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top; width: 5%;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #cc0066;">IV</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top; width: 45%;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #cc0066;">OTHER NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #cc0066;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #cc0066;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Segment information</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #cc0066;">II</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #cc0066;">ACCOUNTING POLICIES</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cost of sales</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">A</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Basis of presentation</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Selling, general and administrative expenses</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">B</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Group accounting</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Labor costs (included in Cost of sales and in Selling, general and administrative expenses)</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">C</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Segment information</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Impairment charge</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">D</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Foreign currency translation</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other operating income and expenses</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">E</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Financial results</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">F</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Intangible assets</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Income tax</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">G</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Right-of-use assets and lease liabilities</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Dividends distribution</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">H</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Impairment of non-financial assets</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Property, plant and equipment, net</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">I</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other investments</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Intangible assets, net</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">J</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Inventories</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Right-of-use assets, net and lease liabilities</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">K</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Trade and other receivables</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Investments in non-consolidated companies</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">L</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">14</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Receivables - non current</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">M</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Equity</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">15</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Inventories, net</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">N</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Borrowings</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">16</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Receivables and prepayments, net</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">O</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Current and deferred income tax</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">17</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Current tax assets and liabilities</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">P</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Employee benefits</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Trade receivables, net</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Q</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Provisions </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">19</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents and other investments</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">R</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Trade and other payables</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">20</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Borrowings</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">S</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Revenue recognition</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">21</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Deferred tax assets and liabilities</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">T</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cost of sales and other selling expenses</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">22</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other liabilities</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">U</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Earnings per share</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">23</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Non-current allowances and provisions</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">V</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Financial instruments</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">24</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Current allowances and provisions</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">25</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Derivative financial instruments</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #cc0066;">III</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #cc0066;">FINANCIAL RISK MANAGEMENT</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">26</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Contingencies, commitments and restrictions on the distribution of profits</span></p></td></tr><tr style="margin-left: 0.1px; height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 10px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">A</span>&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 10px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Financial risk factors</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 10px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">27</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 10px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cancellation of title deed in Saudi Steel Pipe Company</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">B</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Category of financial instruments and classification within the fair value hierarchy</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">28</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange control measures in Argentina</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">C</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Fair value estimation</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Cash flow disclosures</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">D</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Acc</span><span style="font-family: 'times new roman', times; font-size: 10pt;">ounting for derivative financial instruments and hedging activities</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">30</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Related party transactions</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><br/></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">31</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Principal accountant&#160;fees</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">32</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Principal subsidiaries</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">33</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Business combinations</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">34</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Nationalization of Venezuelan subsidiaries</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">35</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other relevant information</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">36</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Russia-Ukraine armed conflict and its impact on Tenaris&#8217;s operations</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">37</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Climate change</span></p></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">38</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; height: 17px; vertical-align: top;" valign="top"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Events after the reporting period</span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; 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Actual results may differ from these estimates. The main areas involving significant estimates or judgements are: impairment of goodwill and long-lived assets (notes II.H), impairment in investments in associates (note II.B); income taxes (note II.O); obsolescence of inventory (note II.J); contingencies (note II.Q); allowance for trade receivables (note II.K); post-employment and other long-term benefits (note II.P); business combinations (notes II.B); useful lives of property, plant and equipment and other long-lived assets (notes II.E, II.F, II.H); fair value estimation of certain financial instruments (notes III.B, IV.34) and property title ownership restriction (note IV.27). 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These are included in the Consolidated Income Statement under <span style="font-style: italic; line-height: inherit;">Other f</span><span style="font-style: italic; line-height: inherit;">inancial results</span>. </span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(2)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 47px;">Non-consolidated companies</span></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Non-consolidated companies are all entities in which Tenaris has significant influence but not control, generally accompanying a shareholding of between <ix:nonFraction contextRef="D20221231_BottomOfRangeMember_5" name="ts:PercentageOfVotingRightsHeldInUnconsolidatedEntities" unitRef="Pure" id="Tag2496" decimals="2" scale="-2" format="ixt:num-dot-decimal">20</ix:nonFraction>% and <ix:nonFraction contextRef="D20221231_TopOfRangeMember_9" name="ts:PercentageOfVotingRightsHeldInUnconsolidatedEntities" unitRef="Pure" id="Tag2518" decimals="2" scale="-2" format="ixt:num-dot-decimal">50</ix:nonFraction>% of the voting rights. Investments in non-consolidated companies (associates and joint ventures) are accounted for by the equity method of accounting and are initially recognized at cost (as defined by IAS 28, &#8220;Investments in Associates and Joint Ventures&#8221;). 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Dividends received or receivable from associates and joint ventures are recognized as a reduction in the carrying amount of the investment.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br/></p><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><div style="border-left: none; border-right: none;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">F-13</span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div style="border-left: none; border-right: none;" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin: 0px; height: 34px; border-collapse: collapse; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude><p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; line-height: inherit;">If material, unrealized results on transactions between Tenaris and its non-consolidated companies are eliminated to the extent of Tenaris&#8217;s interest in the non-consolidated companies. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment indicator of the asset transferred. 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(&#8220;Ternium&#8221;) common stock. The following factors and circumstances evidence that Tenaris has significant influence over Ternium:</span></p><p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br/></p><ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Both the Company and Ternium are under the indirect common control of San Faustin S.A. 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Such separate agreement includes, among others, provisions granting Confab certain rights relating to the T/T Group&#8217;s nomination of Usiminas&#8217; officers and directors under the Usiminas shareholders agreement. 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The Company, Ternium and Tecpetrol are parties to a shareholders&#8217; agreement relating to the governance of Techgen and are under the indirect common control of San Faustin. 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In some circumstances where there have not been significant changes to CGU assets and liabilities as well as external and internal events which could materially alter the recoverable amount of the CGU, the most recent detailed calculation of recoverable amount made in a preceding period may be used in the impairment test for that CGU in the current period. </span><br/></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br/></p><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><div style="border-left: none; border-right: none;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">F-19</span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div style="border-left: none; border-right: none;" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin: 0px; height: 34px; border-collapse: collapse; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">In assessing whether there is any indication that a CGU may be impaired, external and internal sources of information are analyzed. 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Plan assets consist primarily of investments in debt and equity instruments. Both plans were replaced for defined contribution plans. Effective June 2016 the salary plan was frozen for the purposes of credited service as well as determination of final average pay. 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Tenaris recognizes termination benefits at the earlier of the following dates: (a) when it can no longer withdraw the offer of those benefits; and (b) when the costs for a restructuring that is within the scope of IAS 37 involves the payment of terminations benefits. 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margin: 0px; text-indent: 0px; height: 17px; width: 1%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Euro / U.S. dollar </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231_EuroUsDollarForeignExchangeRiskMember" name="ts:ForeignExchangeRiskCurrencyExposure" unitRef="USD" id="Tag2746" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">42,458</ix:nonFraction></span></p></td><td style="padding-left: 0px; 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The Company uses a mix of variable and fixed rate debt in combination with its investment portfolio strategy. 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text-indent: 0px;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> % </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> % </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 56%;"><p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Fixed rate <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2815" decimals="-3" scale="3" format="ixt:num-dot-decimal">497,889</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember" name="ts:ConcentrationRiskPercentage" unitRef="Pure" id="Tag2767" decimals="2" scale="-2" format="ixt:num-dot-decimal">68</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FixedInterestRateMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2843" decimals="-3" scale="3" format="ixt:num-dot-decimal">187,036</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FixedInterestRateMember" name="ts:ConcentrationRiskPercentage" unitRef="Pure" id="Tag2846" decimals="2" scale="-2" format="ixt:num-dot-decimal">57</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Variable rate </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FloatingInterestRateMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag3033" decimals="-3" scale="3" format="ixt:num-dot-decimal">230,873</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FloatingInterestRateMember" name="ts:ConcentrationRiskPercentage" unitRef="Pure" id="Tag2676" decimals="2" scale="-2" format="ixt:num-dot-decimal">32</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FloatingInterestRateMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2543" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,897</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FloatingInterestRateMember" name="ts:ConcentrationRiskPercentage" unitRef="Pure" id="Tag2749" decimals="2" scale="-2" format="ixt:num-dot-decimal">43</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2844" decimals="-3" scale="3" format="ixt:num-dot-decimal">728,762</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2663" decimals="-3" scale="3" format="ixt:num-dot-decimal">330,933</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table></ix:nonNumeric><p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"><sup>(*)</sup><span><ix:footnote xml:lang="en-US" id="footnote24" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;">Out of the $</span><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2551" decimals="-5" scale="6" format="ixt:num-dot-decimal">497.9</ix:nonFraction></span><span style="border-right: none; border-left: none; line-height: inherit;"> million fixed rate borrowings, $</span><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember" name="ifrs-full:ShorttermBorrowings" unitRef="USD" id="Tag2690" decimals="-6" scale="6" format="ixt:num-dot-decimal">479</ix:nonFraction></span><span style="border-right: none; border-left: none; line-height: inherit;"> million are short-term.</span></span></ix:footnote></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company estimates that, if market interest rates applicable to Tenaris&#8217;s borrowings had been 100 basis points higher, then the additional pre-tax loss would have been $<ix:nonFraction contextRef="D20221231_3" name="ts:LossOnInterestRateRiskIfMarketInterestRatesWereHigher" unitRef="USD" id="Tag2808" decimals="-5" scale="6" format="ixt:num-dot-decimal">5.3</ix:nonFraction> million in 2022 and $<ix:nonFraction contextRef="D20211231_3" name="ts:LossOnInterestRateRiskIfMarketInterestRatesWereHigher" unitRef="USD" id="Tag2733" decimals="-5" scale="6" format="ixt:num-dot-decimal">5.2</ix:nonFraction> million in 2021. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(iv)</span><span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;">Credit risk</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Credit risk arises from cash and cash equivalents, deposits with banks and financial institutions, as well as credit exposures to customers, including outstanding receivables and committed transactions. The Company also actively monitors the creditworthiness of its treasury, derivative and insurance counterparties in order to minimize its credit risk.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">There is no significant concentration of credit risk from customers. No single customer comprised more than 10% of Tenaris&#8217;s net sales in 2022, 2021 and 2020.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><div style="line-height: 1.2;"><ix:exclude><div style="line-height: 1.2;" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">F-29</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin: 0px; height: 34px; border-collapse: collapse; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;" xmlns="http://www.w3.org/1999/xhtml"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">Consolidated Financial Statements</span></i><span style="line-height: inherit;"></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; text-align: justify;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris&#8217;s credit policies related to sales of products and services are designed to identify customers with acceptable credit history and to allow Tenaris to require the use of credit insurance, letters of credit and other instruments designed to minimize credit risks whenever deemed necessary. Tenaris maintains allowances for impairment for potential credit losses. See section II.K.</span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of December 31, 2022 and 2021 trade receivables amounted to $<ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2739" decimals="-5" scale="6" format="ixt:num-dot-decimal">2,493.9</ix:nonFraction> million and $<ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2797" decimals="-5" scale="6" format="ixt:num-dot-decimal">1,299.1</ix:nonFraction> million respectively. 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Both the allowance for doubtful accounts and the existing guarantees are sufficient to cover doubtful trade receivables. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(v)</span><span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;">Counterparty risk</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tenaris has investment guidelines with specific parameters to limit issuer risk on marketable securities. 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border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVPL </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 1</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 2</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 3</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 22%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag2680" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,527</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag2768" decimals="-3" scale="3" format="ixt:num-dot-decimal">668,668</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" xsi:nil="true" id="Tag2590"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag3038" decimals="-3" scale="3" format="ixt:num-dot-decimal">422,859</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag2906" decimals="-3" scale="3" format="ixt:num-dot-decimal">422,859</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" xsi:nil="true" id="Tag38"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" xsi:nil="true" id="Tag2651"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2657" decimals="-3" scale="3" format="ixt:num-dot-decimal">438,448</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2759" decimals="-3" scale="3" format="ixt:num-dot-decimal">196,152</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2563" decimals="-3" scale="3" format="ixt:num-dot-decimal">182,988</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2903" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,308</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2831" decimals="-3" scale="3" format="ixt:num-dot-decimal">242,296</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2613"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2875"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt 0pt 0pt 8.7pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2596" decimals="-3" scale="3" format="ixt:num-dot-decimal">196,152</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2901" decimals="-3" scale="3" format="ixt:num-dot-decimal">196,152</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2612"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2769"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2802"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2814"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag3037"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Certificates of deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_CertificatesOfDepositsMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2592" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,167</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_CertificatesOfDepositsMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2544" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,167</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CertificatesOfDepositsMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2684"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CertificatesOfDepositsMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag50"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CertificatesOfDepositsMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2870"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CertificatesOfDepositsMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2710"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CertificatesOfDepositsMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2702"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commercial papers </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_CommercialPapersMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2564" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,785</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_CommercialPapersMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2801" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,785</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CommercialPapersMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2741"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CommercialPapersMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2765"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CommercialPapersMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag3032"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CommercialPapersMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2763"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CommercialPapersMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2862"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other notes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherNotesMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2713" decimals="-3" scale="3" format="ixt:num-dot-decimal">140,200</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherNotesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2652" decimals="-3" scale="3" format="ixt:num-dot-decimal">140,200</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherNotesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2695"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherNotesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2693"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherNotesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2827"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherNotesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2823"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherNotesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2620"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 16px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2780" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,953</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2840"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2897" decimals="-3" scale="3" format="ixt:num-dot-decimal">182,988</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2708" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,965</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2895" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,953</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2681"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2860"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-U.S. government securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_NonUsGovernmentSecuritiesMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2536" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,310</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_NonUsGovernmentSecuritiesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2863"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_NonUsGovernmentSecuritiesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2700" decimals="-3" scale="3" format="ixt:num-dot-decimal">79,345</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_NonUsGovernmentSecuritiesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2569" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,965</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_NonUsGovernmentSecuritiesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2892" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,310</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_NonUsGovernmentSecuritiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2604"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_NonUsGovernmentSecuritiesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2571"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Corporates securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_CorporatesSecuritiesMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2683" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,643</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CorporatesSecuritiesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2692"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_CorporatesSecuritiesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2607" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,643</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_CorporatesSecuritiesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2647" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,643</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CorporatesSecuritiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2661"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CorporatesSecuritiesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag3007"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Mutual Fund </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_MutualFundFinancialInstrumentMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2888" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,343</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_MutualFundFinancialInstrumentMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2527"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_MutualFundFinancialInstrumentMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2790"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_MutualFundFinancialInstrumentMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2868" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,343</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_MutualFundFinancialInstrumentMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2711" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,343</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_MutualFundFinancialInstrumentMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2820"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_MutualFundFinancialInstrumentMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2743"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativesMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag2687" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,805</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag2839"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag2716"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag3106" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,805</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag2566"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag2666" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,805</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag51"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2758" decimals="-3" scale="3" format="ixt:num-dot-decimal">119,902</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2750"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2582" decimals="-3" scale="3" format="ixt:num-dot-decimal">113,574</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2777" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2737" decimals="-3" scale="3" format="ixt:num-dot-decimal">113,574</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2787"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2883" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2724" decimals="-3" scale="3" format="ixt:num-dot-decimal">113,574</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2854"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2595" decimals="-3" scale="3" format="ixt:num-dot-decimal">113,574</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2561"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_Level1OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2591" decimals="-3" scale="3" format="ixt:num-dot-decimal">113,574</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_Level2OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag36"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_BondsAndOtherFixedIncomeMember_Level3OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2706"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherInvestments1Member" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2734" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherInvestments1Member_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2871"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherInvestments1Member_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2730"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherInvestments1Member_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2649" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherInvestments1Member_Level1OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2904"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherInvestments1Member_Level2OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2552"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherInvestments1Member_Level3OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2579" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag42" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493,940</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2880" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493,940</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag2593"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag2794"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag2838"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag2795"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag2672"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Receivables C and NC <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag7" decimals="-3" scale="3" format="ixt:num-dot-decimal">395,531</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2539" decimals="-3" scale="3" format="ixt:num-dot-decimal">105,397</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2772" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2597"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2556"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2816"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2881" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2725" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,056</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2771" decimals="-3" scale="3" format="ixt:num-dot-decimal">105,397</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2698" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherReceivablesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2594"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2670"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherReceivablesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2893"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2809" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables (non-financial) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesNonfinancialMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2719" decimals="-3" scale="3" format="ixt:num-dot-decimal">241,475</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesNonfinancialMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2805"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherReceivablesNonfinancialMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2898"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20221231_OtherReceivablesNonfinancialMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2722"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesNonfinancialMember_Level1OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2872"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesNonfinancialMember_Level2OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2577"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherReceivablesNonfinancialMember_Level3OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2849"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2879" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,464,157</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2894" decimals="-3" scale="3" format="ixt:num-dot-decimal">345,221</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2773" decimals="-3" scale="3" format="ixt:num-dot-decimal">519,300</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2859" decimals="-3" scale="3" format="ixt:num-dot-decimal">778,729</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2654" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,805</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2830" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,987</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Borrowings" unitRef="USD" id="Tag3040" decimals="-3" scale="3" format="ixt:num-dot-decimal">728,762</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2873" decimals="-3" scale="3" format="ixt:num-dot-decimal">728,762</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2546"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2712"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag47"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag704"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2576"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" id="Tag2864" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,179,457</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" id="Tag2644" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,179,457</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2865"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2752"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2784"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2798"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2882"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:LeaseLiabilities" unitRef="USD" id="Tag2866" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,177</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" id="Tag2584" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,177</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2550"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2562"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2664"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2614"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2867"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativeLiabilitiesMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag2905" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativeLiabilitiesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2728"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativeLiabilitiesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2662"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativeLiabilitiesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag3031" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativeLiabilitiesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2776"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativeLiabilitiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag2876" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_DerivativeLiabilitiesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2714"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" id="Tag2760" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,020,396</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2660"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" id="Tag2617" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level1OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2886"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" id="Tag2858" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2529"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"><span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><sup>(*)</sup></span><span><ix:footnote xml:lang="en-US" id="footnote22" footnoteRole="http://www.xbrl.org/2003/role/footnote"> Includes balances related to interest in Venezuelan companies. See note <span style="border-left: none; border-right: none; line-height: inherit;">34</span> to these Consolidated Financial Statements.</ix:footnote></span></span></p><div style="line-height: 1.2;"><ix:exclude><div style="line-height: 1.2;" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">F-31</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin: 0px; height: 34px; border-collapse: collapse; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;" xmlns="http://www.w3.org/1999/xhtml"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">Consolidated Financial Statements</span></i><span style="line-height: inherit;"></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 452px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" rowspan="2" valign="bottom"><br/></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Carrying amount </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" rowspan="2" valign="bottom"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Measurement Categories </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVPL </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 1</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 2</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 3</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px; width: 22%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag2583" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag2675" decimals="-3" scale="3" format="ixt:num-dot-decimal">212,430</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" xsi:nil="true" id="Tag45"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag2528" decimals="-3" scale="3" format="ixt:num-dot-decimal">105,697</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag2608" decimals="-3" scale="3" format="ixt:num-dot-decimal">105,697</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" xsi:nil="true" id="Tag2526"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" xsi:nil="true" id="Tag2731"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2774" decimals="-3" scale="3" format="ixt:num-dot-decimal">397,849</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2889" decimals="-3" scale="3" format="ixt:num-dot-decimal">239,742</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2535" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,107</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2804"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2899" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,107</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2874"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2573"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff; margin-left: 0.1px;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag3104" decimals="-3" scale="3" format="ixt:num-dot-decimal">239,742</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2723" decimals="-3" scale="3" format="ixt:num-dot-decimal">239,742</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag3105"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2688"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2668"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag3041"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2833"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Certificates of deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_CertificatesOfDepositsMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2781" decimals="-3" scale="3" format="ixt:num-dot-decimal">94,414</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_CertificatesOfDepositsMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2791" decimals="-3" scale="3" format="ixt:num-dot-decimal">94,414</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CertificatesOfDepositsMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2845"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CertificatesOfDepositsMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2755"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CertificatesOfDepositsMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2699"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CertificatesOfDepositsMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2574"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CertificatesOfDepositsMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2729"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commercial papers </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_CommercialPapersMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2753" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,062</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_CommercialPapersMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2738" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,062</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CommercialPapersMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2653"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CommercialPapersMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2788"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CommercialPapersMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2602"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CommercialPapersMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag48"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CommercialPapersMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2658"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other notes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherNotesMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag3096" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,266</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherNotesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2828" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,266</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherNotesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2603"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherNotesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2656"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherNotesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2736"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherNotesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2742"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherNotesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2782"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2793" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,107</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2762"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2621" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,107</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2554"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2751" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,107</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2674"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2835"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-U.S. government securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_NonUsGovernmentSecuritiesMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2740" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,660</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_NonUsGovernmentSecuritiesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2817"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_NonUsGovernmentSecuritiesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2557" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,660</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_NonUsGovernmentSecuritiesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2538"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_NonUsGovernmentSecuritiesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2580" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,660</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_NonUsGovernmentSecuritiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2701"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_NonUsGovernmentSecuritiesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2665"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Corporates securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_CorporatesSecuritiesMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag3102" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,447</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CorporatesSecuritiesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2619"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_CorporatesSecuritiesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag3034" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,447</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CorporatesSecuritiesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2615"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_CorporatesSecuritiesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2575" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,447</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CorporatesSecuritiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2747"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CorporatesSecuritiesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentInvestments" unitRef="USD" xsi:nil="true" id="Tag2709"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativesMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag2812" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,315</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag2599"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag2884"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag2885" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,315</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag2792"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag2537" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,315</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag2829"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2861" decimals="-3" scale="3" format="ixt:num-dot-decimal">320,254</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2848"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2847" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,619</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2541" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,635</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2565" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,619</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2618"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2671" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,635</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2761" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,619</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2799"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag3043" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,619</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2834"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_Level1OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2611" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,619</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_Level2OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2806"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_BondsAndOtherFixedIncomeMember_Level3OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2756"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherInvestments1Member" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2826" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,635</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherInvestments1Member_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2667"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherInvestments1Member_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2689"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherInvestments1Member_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2841" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,635</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherInvestments1Member_Level1OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2691"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherInvestments1Member_Level2OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" xsi:nil="true" id="Tag2717"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherInvestments1Member_Level3OfFairValueHierarchyMember" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2907" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,635</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2545" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,299,072</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2896" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,299,072</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag41"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag2645"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag2745"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag46"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag2610"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Receivables C and NC <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2659" decimals="-3" scale="3" format="ixt:num-dot-decimal">302,164</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2707" decimals="-3" scale="3" format="ixt:num-dot-decimal">85,220</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag49" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2559"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag3103"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2606"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2819" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2533" decimals="-3" scale="3" format="ixt:num-dot-decimal">133,879</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2697" decimals="-3" scale="3" format="ixt:num-dot-decimal">85,220</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2825" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherReceivablesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2532"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2669"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2818"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2555" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables (non-financial) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesNonfinancialMember" name="ifrs-full:OtherReceivables" unitRef="USD" id="Tag2902" decimals="-3" scale="3" format="ixt:num-dot-decimal">168,285</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesNonfinancialMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2531"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherReceivablesNonfinancialMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2857"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"><ix:nonFraction contextRef="I20211231_OtherReceivablesNonfinancialMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2754"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesNonfinancialMember_Level1OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2727"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesNonfinancialMember_Level2OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2744"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherReceivablesNonfinancialMember_Level3OfFairValueHierarchyMember" name="ifrs-full:OtherReceivables" unitRef="USD" xsi:nil="true" id="Tag2800"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2851" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,836,464</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2837" decimals="-3" scale="3" format="ixt:num-dot-decimal">519,385</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2836" decimals="-3" scale="3" format="ixt:num-dot-decimal">124,647</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2796" decimals="-3" scale="3" format="ixt:num-dot-decimal">576,423</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2572" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,315</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2558" decimals="-3" scale="3" format="ixt:num-dot-decimal">56,294</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Liabilities&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2908" decimals="-3" scale="3" format="ixt:num-dot-decimal">330,933</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2852" decimals="-3" scale="3" format="ixt:num-dot-decimal">330,933</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2900"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2785"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2581"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2748"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2553"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" id="Tag2789" decimals="-3" scale="3" format="ixt:num-dot-decimal">845,256</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" id="Tag2578" decimals="-3" scale="3" format="ixt:num-dot-decimal">845,256</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2609"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2585"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2850"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2540"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:TradeAndOtherCurrentPayables" unitRef="USD" xsi:nil="true" id="Tag2650"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:LeaseLiabilities" unitRef="USD" id="Tag2655" decimals="-3" scale="3" format="ixt:num-dot-decimal">117,285</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" id="Tag2887" decimals="-3" scale="3" format="ixt:num-dot-decimal">117,285</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2646"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2807"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2770"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2567"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:LeaseLiabilities" unitRef="USD" xsi:nil="true" id="Tag2853"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativeLiabilitiesMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag2869" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativeLiabilitiesMember_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2570"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativeLiabilitiesMember_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2726"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativeLiabilitiesMember_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag2685" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativeLiabilitiesMember_Level1OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2678"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativeLiabilitiesMember_Level2OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag2720" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_DerivativeLiabilitiesMember_Level3OfFairValueHierarchyMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2547"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtAmortisedCostCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" id="Tag2534" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,293,474</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2715"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" id="Tag2783" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level1OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag2530"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level2OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" id="Tag2589" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag40"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"><span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><sup>(*)</sup></span><span><ix:footnote xml:lang="en-US" id="footnote23" footnoteRole="http://www.xbrl.org/2003/role/footnote">Includes balances related to interest in Venezuelan companies. See note <span style="border-left: none; border-right: none; line-height: inherit;">34</span> to these Consolidated Financial Statements.</ix:footnote></span></span></p></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">There were no transfers between levels during the year.&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The fair value of financial instruments traded in active markets is based on quoted market prices at the reporting date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm&#8217;s length basis. The quoted market price used for financial assets held by Tenaris is the current bid price. These instruments are included in Level 1 and comprise primarily corporate and sovereign debt securities.&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The fair value of financial instruments that are not traded in an active market (such as certain debt securities, certificates of deposits with original maturity of more than <ix:nonNumeric contextRef="D20221231_3" name="ts:MinimumMaturityPeriodOfCertificatesOfDeposits" id="Tag2600" format="ixt-sec:durwordsen">three months</ix:nonNumeric>, forward and interest rate derivative instruments) is determined by using valuation techniques which maximize the use of observable market data when available and rely as little as possible on entity specific estimates. If all significant inputs required to value an instrument are observable, the instrument is included in Level 2. Tenaris values its assets and liabilities included in this level using bid prices, interest rate curves, broker quotations, current exchange rates, forward rates and implied volatilities obtained from market contributors as of the valuation date.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 17px;"><tbody><tr style="height: 17px;"><td class="pgno" style="padding: 0px; text-align: center; height: 17px;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">F-32</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin: 0px; height: 34px; border-collapse: collapse; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;" xmlns="http://www.w3.org/1999/xhtml"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666; line-height: inherit;">Consolidated Financial Statements</span></i><span style="line-height: inherit;"></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666; line-height: inherit;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">If one or more of the significant inputs are not based on observable market data, the instruments are included in Level 3. Tenaris values its assets and liabilities in this level using observable market inputs and management assumptions which reflect the Company&#8217;s best estimate on how market participants would price the asset or liability at measurement date. Main balances in this level include net receivables related to the Company interest in the Venezuelan Companies for a total amount of approximately $<ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember_VenezuelanCompaniesMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2705" decimals="-5" scale="6" format="ixt:num-dot-decimal">48.7</ix:nonFraction> million, which reflects the best estimation of the fair value calculated using the probability of occurrence of weighted scenarios applied to the potential transaction value resulting from the awards purchase agreement mentioned in note 34 to these Consolidated Financial Statements.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The following table presents the changes in Level 3 assets:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfFairValueMeasurementExplanatory" id="Tag2910" escape="true"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 102px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2803" decimals="-3" scale="3" format="ixt:num-dot-decimal">56,294</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2822" decimals="-3" scale="3" format="ixt:num-dot-decimal">56,319</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (Decrease) / increase </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:IncreaseDecreaseInFairValueMeasurementAssets" unitRef="USD" id="Tag2735" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,126</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_Level3OfFairValueHierarchyMember" name="ifrs-full:IncreaseDecreaseInFairValueMeasurementAssets" unitRef="USD" id="Tag2598" decimals="-3" scale="3" format="ixt:num-dot-decimal">219</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment and others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_Level3OfFairValueHierarchyMember" name="ts:CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" unitRef="USD" id="Tag2779" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">181</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_Level3OfFairValueHierarchyMember" name="ts:CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" unitRef="USD" id="Tag2568" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">244</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_Level3OfFairValueHierarchyMember" name="ifrs-full:FinancialAssets" unitRef="USD" id="Tag2588" decimals="-3" scale="3" format="ixt:num-dot-decimal">54,987</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; 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line-height: inherit;">Fair value estimation</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial assets or liabilities classified at fair value through profit or loss are measured under the framework established by the IASB accounting guidance for fair value measurements and disclosures.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The fair values of quoted investments are generally based on current bid prices. If the market for a financial asset is not active or no market is available, fair values are established using standard valuation techniques. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The fair value of all outstanding derivatives is determined using specific pricing models that include inputs that are observable in the market or can be derived from or corroborated by observable data. 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Tenaris estimates that the fair value of its main financial liabilities is approximately <ix:nonFraction contextRef="I20221231" name="ts:FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" unitRef="Pure" id="Tag2682" decimals="3" scale="-2" format="ixt:num-dot-decimal">99.2</ix:nonFraction>% and <ix:nonFraction contextRef="I20211231" name="ts:FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" unitRef="Pure" id="Tag2686" decimals="3" scale="-2" format="ixt:num-dot-decimal">99.6</ix:nonFraction>% of its carrying amount (including interests accrued) in 2022 and 2021 respectively. Fair values were calculated using standard valuation techniques for floating rate instruments and comparable market rates for discounting cash flows.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The carrying amount of investments valuated at amortized cost approximates its fair value.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; color: #003366;">D. Accounting for derivative financial instruments and hedging activities</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Derivative financial instruments are initially recognized in the statement of financial position at fair value through profit and loss on each date a derivative contract is entered into and are subsequently remeasured at fair value. Specific tools are used for calculation of each instrument&#8217;s fair value and these tools are tested for consistency on a monthly basis. Market rates are used for all pricing operations. These include exchange rates, deposit rates and other discount rates matching the nature of each underlying risk. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As a general rule, Tenaris recognizes the full amount related to the change in fair value of derivative financial instruments in <span style="font-style: italic; line-height: inherit;">Financial Results</span> in the Consolidated Income Statement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris designates certain derivatives as hedges of particular risks associated with recognized assets or liabilities or highly probable forecast transactions. 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OTHER NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory" id="Tag780" escape="true"><p style="line-height: 1.2; margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">1</span><span style="font-weight: bold; margin-left: 30px; line-height: inherit;">Segment information</span></span></p><p style="line-height: 1.2; margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; 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border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Management view - operating income </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TubesMember" name="ts:ManagementViewOperatingIncome" unitRef="USD" id="Tag625" decimals="-6" scale="6" format="ixt:num-dot-decimal">2,772</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember_1" name="ts:ManagementViewOperatingIncome" unitRef="USD" id="Tag609" decimals="-6" scale="6" format="ixt:num-dot-decimal">75</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ts:ManagementViewOperatingIncome" unitRef="USD" id="Tag639" decimals="-6" scale="6" format="ixt:num-dot-decimal">2,847</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Difference in cost of sales </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInCostOfSales" unitRef="USD" id="Tag519" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">44</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in depreciation and amortization </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInDepreciationAndAmortization" unitRef="USD" id="Tag570" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">2</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in selling, general and administrative expenses </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" unitRef="USD" id="Tag538" decimals="-6" scale="6" format="ixt:num-dot-decimal">4</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in other operating income (expenses), net </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" unitRef="USD" id="Tag2927" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">74</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - operating income </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:ProfitLossFromOperatingActivities" unitRef="USD" id="Tag693" decimals="-6" scale="6" format="ixt:num-dot-decimal">2,963</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Financial income (expense), net </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:FinanceIncomeCost" unitRef="USD" id="Tag1932" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">6</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ts:LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" unitRef="USD" id="Tag596" decimals="-6" scale="6" format="ixt:num-dot-decimal">2,957</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag2928" decimals="-6" scale="6" format="ixt:num-dot-decimal">209</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag512" decimals="-6" scale="6" format="ixt:num-dot-decimal">3,166</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - Net Sales </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TubesMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag548" decimals="-6" scale="6" format="ixt:num-dot-decimal">11,133</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember_1" name="ifrs-full:Revenue" unitRef="USD" id="Tag532" decimals="-6" scale="6" format="ixt:num-dot-decimal">630</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag647" decimals="-6" scale="6" format="ixt:num-dot-decimal">11,763</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TubesMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag585" decimals="-6" scale="6" format="ixt:num-dot-decimal">588</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AllOtherSegmentsMember_1" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag584" decimals="-6" scale="6" format="ixt:num-dot-decimal">20</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_ReportableSegmentsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag591" decimals="-6" scale="6" format="ixt:num-dot-decimal">608</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0pt; text-align: justify;"><span style="color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></span></p><div id="t_ft_NSKWDQVLTS00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Tubes </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Management view - operating income </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_TubesMember" name="ts:ManagementViewOperatingIncome" unitRef="USD" id="Tag599" decimals="-6" scale="6" format="ixt:num-dot-decimal">178</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AllOtherSegmentsMember_1" name="ts:ManagementViewOperatingIncome" unitRef="USD" id="Tag539" decimals="-6" scale="6" format="ixt:num-dot-decimal">65</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ts:ManagementViewOperatingIncome" unitRef="USD" id="Tag705" decimals="-6" scale="6" format="ixt:num-dot-decimal">243</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Difference in cost of sales </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInCostOfSales" unitRef="USD" id="Tag613" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">473</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in depreciation and amortization </span></p></td><td style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInDepreciationAndAmortization" unitRef="USD" id="Tag516" decimals="-6" scale="6" format="ixt:num-dot-decimal">1</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in other operating income (expenses), net </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" unitRef="USD" id="Tag608" decimals="-6" scale="6" format="ixt:num-dot-decimal">8</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - operating income </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ifrs-full:ProfitLossFromOperatingActivities" unitRef="USD" id="Tag657" decimals="-6" scale="6" format="ixt:num-dot-decimal">708</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Financial income (expense), net </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ifrs-full:FinanceIncomeCost" unitRef="USD" id="Tag572" decimals="-6" scale="6" format="ixt:num-dot-decimal">23</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ts:LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" unitRef="USD" id="Tag600" decimals="-6" scale="6" format="ixt:num-dot-decimal">731</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag589" decimals="-6" scale="6" format="ixt:num-dot-decimal">513</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag506" decimals="-6" scale="6" format="ixt:num-dot-decimal">1,243</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr><td style="vertical-align: bottom; padding: 0px 0px 0px 7px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; 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white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AllOtherSegmentsMember_1" name="ifrs-full:Revenue" unitRef="USD" id="Tag501" decimals="-6" scale="6" format="ixt:num-dot-decimal">528</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag642" decimals="-6" scale="6" format="ixt:num-dot-decimal">6,521</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_TubesMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag628" decimals="-6" scale="6" format="ixt:num-dot-decimal">575</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AllOtherSegmentsMember_1" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag603" decimals="-6" scale="6" format="ixt:num-dot-decimal">20</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ReportableSegmentsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag488" decimals="-6" scale="6" format="ixt:num-dot-decimal">595</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0pt; text-align: justify;"><span style="color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></span></p><div id="t_ft_LAA2DWAXMO00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2020 </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Tubes </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Management view - operating (loss) </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_TubesMember" name="ts:ManagementViewOperatingIncome" unitRef="USD" id="Tag580" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">277</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_AllOtherSegmentsMember_1" name="ts:ManagementViewOperatingIncome" unitRef="USD" id="Tag577" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">50</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ts:ManagementViewOperatingIncome" unitRef="USD" id="Tag691" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">327</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Difference in cost of sales </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInCostOfSales" unitRef="USD" id="Tag491" decimals="-6" scale="6" format="ixt:num-dot-decimal">134</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in depreciation and amortization </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInDepreciationAndAmortization" unitRef="USD" xsi:nil="true" id="Tag629"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in selling, general and administrative expenses </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><br/></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" unitRef="USD" id="Tag583" decimals="-6" scale="6" format="ixt:num-dot-decimal">2</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in other operating income (expenses), net </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ts:ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" unitRef="USD" id="Tag315" decimals="-6" scale="6" format="ixt:num-dot-decimal">200</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - operating (loss) </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ifrs-full:ProfitLossFromOperatingActivities" unitRef="USD" id="Tag523" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">663</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Financial income (expense), net </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ifrs-full:FinanceIncomeCost" unitRef="USD" id="Tag622" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">65</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> (Loss) before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ts:LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" unitRef="USD" id="Tag517" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">728</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" unitRef="USD" id="Tag643" decimals="-6" scale="6" format="ixt:num-dot-decimal">109</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> (Loss) before income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag1931" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">619</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - Net Sales </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_TubesMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag571" decimals="-6" scale="6" format="ixt:num-dot-decimal">4,844</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_AllOtherSegmentsMember_1" name="ifrs-full:Revenue" unitRef="USD" id="Tag644" decimals="-6" scale="6" format="ixt:num-dot-decimal">303</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag534" decimals="-6" scale="6" format="ixt:num-dot-decimal">5,147</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_TubesMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag511" decimals="-6" scale="6" format="ixt:num-dot-decimal">661</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_AllOtherSegmentsMember_1" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag545" decimals="-6" scale="6" format="ixt:num-dot-decimal">18</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_ReportableSegmentsMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag367" decimals="-6" scale="6" format="ixt:num-dot-decimal">679</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div></ix:nonNumeric></div><div><p style="margin:0pt"><br/></p></div></div><div><div id="t_ft_UYSN92L2LS00000000000000000000b"><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">F-<span style="border-left: none; border-right: none; line-height: inherit;">34</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_X4LMTTURM800000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin: 0px; height: 34px; border-collapse: collapse; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666; line-height: inherit;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666; line-height: inherit;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; color: #000000;">Transactions between segments, which were eliminated in consolidation, are mainly related to sales of scrap, energy, surplus raw materials and others from the Other segment to the Tubes segment for $<ix:nonFraction contextRef="D20221231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag588" decimals="-5" scale="6" format="ixt:num-dot-decimal">77.9</ix:nonFraction> million, $<ix:nonFraction contextRef="D20211231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag535" decimals="-5" scale="6" format="ixt:num-dot-decimal">45.6</ix:nonFraction> million and $<ix:nonFraction contextRef="D20201231_EliminationOfIntersegmentAmountsMember" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag1939" decimals="-5" scale="6" format="ixt:num-dot-decimal">16.9</ix:nonFraction> million in 2022, 2021 and 2020, respectively.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">There are no material differences between IFRS and management view in total revenues and by reportable segments.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">The differences between operating income under IFRS view and the management view are mainly related to the cost of goods sold, reflecting the effect of raw materials prices increases on the valuation of the replacement cost considered for management view compared to IFRS cost calculated at historical cost on a FIFO basis, and other minor timing differences. </span></p><p style="margin: 0pt; 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For the year ended in December 31, 2020, the main difference in <span style="font-style: italic; line-height: inherit;">Other operating income (expenses)</span> is attributable to the impairment of the goodwill, which residual value in the management view differed from IFRS.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">In addition to the amounts reconciled above, the main differences in net income arise from the impact of functional currencies on financial result, deferred income taxes as well as the result of investment in non-consolidated companies.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; 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font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666; line-height: inherit;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666; line-height: inherit;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div></div><div id="fs_ZV153G1SNK00000000000000000000B"><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; color: #000000; line-height: inherit;">Geographical information</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfGeographicalAreasExplanatory" id="Tag3125" escape="true"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 430px;" width="100%"><tbody><tr style="height: 22px;"><td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; height: 22px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> North America </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> South America </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Europe </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 10.3076%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Middle East &amp; Africa </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Asia Pacific </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="font-weight: bold; margin: 0pt; line-height: inherit;">Unallocated </span><sup><span style="font-weight: bold; vertical-align: super; margin: 0pt; line-height: inherit;">(*)</span></sup></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; width: 29.3433%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net sales </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_NorthAmericaMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag593" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,902,787</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SouthAmericaMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag626" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,550,402</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_EuropeMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag561" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,000,833</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MiddleEastAndAfricaMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag586" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,031,106</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AsiaPacificMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag646" decimals="-3" scale="3" format="ixt:num-dot-decimal">277,398</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UnallocatedRegionMember" name="ifrs-full:Revenue" unitRef="USD" xsi:nil="true" id="Tag550"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:Revenue" unitRef="USD" id="Tag602" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,762,526</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Total assets </span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_NorthAmericaMember" name="ifrs-full:Assets" unitRef="USD" id="Tag607" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,018,386</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_SouthAmericaMember" name="ifrs-full:Assets" unitRef="USD" id="Tag544" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,896,403</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="I20221231_EuropeMember" name="ifrs-full:Assets" unitRef="USD" id="Tag529" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,071,624</ix:nonFraction></span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="I20221231_MiddleEastAndAfricaMember" name="ifrs-full:Assets" unitRef="USD" id="Tag499" decimals="-3" scale="3" format="ixt:num-dot-decimal">739,579</ix:nonFraction></span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AsiaPacificMember" name="ifrs-full:Assets" unitRef="USD" id="Tag648" decimals="-3" scale="3" format="ixt:num-dot-decimal">283,608</ix:nonFraction></span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UnallocatedRegionMember" name="ifrs-full:Assets" unitRef="USD" id="Tag853" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,540,646</ix:nonFraction></span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Assets" unitRef="USD" id="Tag2924" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,550,246</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Trade receivables </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_NorthAmericaMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag692" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,371,717</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_SouthAmericaMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag641" decimals="-3" scale="3" format="ixt:num-dot-decimal">583,223</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_EuropeMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag90" decimals="-3" scale="3" format="ixt:num-dot-decimal">202,753</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_MiddleEastAndAfricaMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag521" decimals="-3" scale="3" format="ixt:num-dot-decimal">249,637</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AsiaPacificMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag525" decimals="-3" scale="3" format="ixt:num-dot-decimal">86,610</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UnallocatedRegionMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag564"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag565" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493,940</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Property, plant and equipment, net </span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_NorthAmericaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag366" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,548,844</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_SouthAmericaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag655" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,031,423</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_EuropeMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag605" decimals="-3" scale="3" format="ixt:num-dot-decimal">706,539</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_MiddleEastAndAfricaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag595" decimals="-3" scale="3" format="ixt:num-dot-decimal">189,701</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AsiaPacificMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1929" decimals="-3" scale="3" format="ixt:num-dot-decimal">79,756</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UnallocatedRegionMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag654"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag541" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,556,263</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Capital expenditures </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_NorthAmericaMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag614" decimals="-3" scale="3" format="ixt:num-dot-decimal">118,644</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SouthAmericaMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag581" decimals="-3" scale="3" format="ixt:num-dot-decimal">176,448</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_EuropeMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag598" decimals="-3" scale="3" format="ixt:num-dot-decimal">62,143</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MiddleEastAndAfricaMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag638" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,813</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AsiaPacificMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag526" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,398</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UnallocatedRegionMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" xsi:nil="true" id="Tag573"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag533" decimals="-3" scale="3" format="ixt:num-dot-decimal">378,446</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_NorthAmericaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag1938" decimals="-3" scale="3" format="ixt:num-dot-decimal">348,550</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SouthAmericaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag540" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,324</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_EuropeMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag489" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,631</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MiddleEastAndAfricaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag490" decimals="-3" scale="3" format="ixt:num-dot-decimal">37,612</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AsiaPacificMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag611" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,606</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UnallocatedRegionMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" xsi:nil="true" id="Tag612"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag852" decimals="-3" scale="3" format="ixt:num-dot-decimal">607,723</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net sales </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_NorthAmericaMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag549" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,360,345</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_SouthAmericaMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag520" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,311,279</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_EuropeMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag618" decimals="-3" scale="3" format="ixt:num-dot-decimal">742,463</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_MiddleEastAndAfricaMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag518" decimals="-3" scale="3" format="ixt:num-dot-decimal">857,120</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AsiaPacificMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag504" decimals="-3" scale="3" format="ixt:num-dot-decimal">250,000</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_UnallocatedRegionMember" name="ifrs-full:Revenue" unitRef="USD" xsi:nil="true" id="Tag562"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:Revenue" unitRef="USD" id="Tag601" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,521,207</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Total assets </span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_NorthAmericaMember" name="ifrs-full:Assets" unitRef="USD" id="Tag543" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,992,946</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_SouthAmericaMember" name="ifrs-full:Assets" unitRef="USD" id="Tag508" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,399,448</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_EuropeMember" name="ifrs-full:Assets" unitRef="USD" id="Tag658" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,727,573</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_MiddleEastAndAfricaMember" name="ifrs-full:Assets" unitRef="USD" id="Tag566" decimals="-3" scale="3" format="ixt:num-dot-decimal">581,204</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AsiaPacificMember" name="ifrs-full:Assets" unitRef="USD" id="Tag365" decimals="-3" scale="3" format="ixt:num-dot-decimal">364,486</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UnallocatedRegionMember" name="ifrs-full:Assets" unitRef="USD" id="Tag524" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,383,774</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Assets" unitRef="USD" id="Tag619" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,449,431</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Trade receivables </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_NorthAmericaMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag569" decimals="-3" scale="3" format="ixt:num-dot-decimal">652,483</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_SouthAmericaMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag653" decimals="-3" scale="3" format="ixt:num-dot-decimal">234,800</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_EuropeMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag1777" decimals="-3" scale="3" format="ixt:num-dot-decimal">180,515</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_MiddleEastAndAfricaMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag1928" decimals="-3" scale="3" format="ixt:num-dot-decimal">146,125</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AsiaPacificMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag576" decimals="-3" scale="3" format="ixt:num-dot-decimal">85,149</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UnallocatedRegionMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag551"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag547" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,299,072</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Property, plant and equipment, net </span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_NorthAmericaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag633" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,805,912</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_SouthAmericaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag522" decimals="-3" scale="3" format="ixt:num-dot-decimal">984,413</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_EuropeMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag527" decimals="-3" scale="3" format="ixt:num-dot-decimal">742,461</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_MiddleEastAndAfricaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag3111" decimals="-3" scale="3" format="ixt:num-dot-decimal">221,859</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AsiaPacificMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag2926" decimals="-3" scale="3" format="ixt:num-dot-decimal">70,156</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UnallocatedRegionMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag2925"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag616" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,824,801</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Capital expenditures </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_NorthAmericaMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag652" decimals="-3" scale="3" format="ixt:num-dot-decimal">106,118</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_SouthAmericaMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag528" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,723</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_EuropeMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag502" decimals="-3" scale="3" format="ixt:num-dot-decimal">43,344</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_MiddleEastAndAfricaMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag537" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,689</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AsiaPacificMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag1936" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,644</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_UnallocatedRegionMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" xsi:nil="true" id="Tag1933"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag567" decimals="-3" scale="3" format="ixt:num-dot-decimal">239,518</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_NorthAmericaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag634" decimals="-3" scale="3" format="ixt:num-dot-decimal">307,116</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_SouthAmericaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag552" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,781</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_EuropeMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag615" decimals="-3" scale="3" format="ixt:num-dot-decimal">89,667</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_MiddleEastAndAfricaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag578" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,528</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AsiaPacificMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag560" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,629</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_UnallocatedRegionMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" xsi:nil="true" id="Tag568"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag590" decimals="-3" scale="3" format="ixt:num-dot-decimal">594,721</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2020 </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net sales </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_NorthAmericaMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag530" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,179,949</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_SouthAmericaMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag1930" decimals="-3" scale="3" format="ixt:num-dot-decimal">776,235</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_EuropeMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag632" decimals="-3" scale="3" format="ixt:num-dot-decimal">642,793</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_MiddleEastAndAfricaMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag487" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,227,532</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_AsiaPacificMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag630" decimals="-3" scale="3" format="ixt:num-dot-decimal">320,225</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_UnallocatedRegionMember" name="ifrs-full:Revenue" unitRef="USD" xsi:nil="true" id="Tag510"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:Revenue" unitRef="USD" id="Tag637" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,146,734</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Total assets </span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_NorthAmericaMember" name="ifrs-full:Assets" unitRef="USD" id="Tag507" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,071,574</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_SouthAmericaMember" name="ifrs-full:Assets" unitRef="USD" id="Tag531" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,868,458</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_EuropeMember" name="ifrs-full:Assets" unitRef="USD" id="Tag645" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,461,738</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_MiddleEastAndAfricaMember" name="ifrs-full:Assets" unitRef="USD" id="Tag1942" decimals="-3" scale="3" format="ixt:num-dot-decimal">804,559</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AsiaPacificMember" name="ifrs-full:Assets" unitRef="USD" id="Tag621" decimals="-3" scale="3" format="ixt:num-dot-decimal">552,508</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_UnallocatedRegionMember" name="ifrs-full:Assets" unitRef="USD" id="Tag620" decimals="-3" scale="3" format="ixt:num-dot-decimal">957,352</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:Assets" unitRef="USD" id="Tag651" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,716,189</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Trade receivables </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_NorthAmericaMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag592" decimals="-3" scale="3" format="ixt:num-dot-decimal">411,692</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_SouthAmericaMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag503" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,972</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_EuropeMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag385" decimals="-3" scale="3" format="ixt:num-dot-decimal">139,427</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_MiddleEastAndAfricaMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag492" decimals="-3" scale="3" format="ixt:num-dot-decimal">210,194</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AsiaPacificMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag610" decimals="-3" scale="3" format="ixt:num-dot-decimal">90,863</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_UnallocatedRegionMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" xsi:nil="true" id="Tag617"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag631" decimals="-3" scale="3" format="ixt:num-dot-decimal">968,148</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Property, plant and equipment, net </span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_NorthAmericaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag656" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,971,101</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_SouthAmericaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag542" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,050,619</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_EuropeMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag594" decimals="-3" scale="3" format="ixt:num-dot-decimal">823,057</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_MiddleEastAndAfricaMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag624" decimals="-3" scale="3" format="ixt:num-dot-decimal">242,939</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AsiaPacificMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1937" decimals="-3" scale="3" format="ixt:num-dot-decimal">105,465</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_UnallocatedRegionMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag587"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag623" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,193,181</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Capital expenditures </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_NorthAmericaMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag1941" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,531</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_SouthAmericaMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag597" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,111</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_EuropeMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag579" decimals="-3" scale="3" format="ixt:num-dot-decimal">39,691</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_MiddleEastAndAfricaMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag497" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,452</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_AsiaPacificMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag635" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,537</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_UnallocatedRegionMember" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" xsi:nil="true" id="Tag575"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" unitRef="USD" id="Tag3083" decimals="-3" scale="3" format="ixt:num-dot-decimal">193,322</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_NorthAmericaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag498" decimals="-3" scale="3" format="ixt:num-dot-decimal">408,546</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_SouthAmericaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag640" decimals="-3" scale="3" format="ixt:num-dot-decimal">106,827</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_EuropeMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag574" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,518</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_MiddleEastAndAfricaMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag536" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,259</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_AsiaPacificMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag650" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,656</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_UnallocatedRegionMember" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" xsi:nil="true" id="Tag604"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:DepreciationAndAmortisationExpense" unitRef="USD" id="Tag699" decimals="-3" scale="3" format="ixt:num-dot-decimal">678,806</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr></tbody></table></ix:nonNumeric><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">(*)</span>&#160;</span></sup><span><ix:footnote xml:lang="en-US" id="footnote25" footnoteRole="http://www.xbrl.org/2003/role/footnote">For 2022, 2021 and 2020 includes <span style="font-style: italic; line-height: inherit;">Investment</span><span style="font-style: italic; line-height: inherit;">s in non-consolidated companies</span>. See note 13 to these Consolidated Financial Statements.</ix:footnote></span></span></p></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 8pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">There are no revenues from external customers attributable to the Company&#8217;s country of incorporation (Luxembourg). </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">The principal countries from which the Company derives its revenues are USA (<ix:nonFraction contextRef="D20221231_US" name="ifrs-full:PercentageOfEntitysRevenue" unitRef="Pure" id="Tag627" decimals="2" scale="-2" format="ixt:num-dot-decimal">42</ix:nonFraction>%), Argentina (<ix:nonFraction contextRef="D20221231_AR" name="ifrs-full:PercentageOfEntitysRevenue" unitRef="Pure" id="Tag563" decimals="2" scale="-2" format="ixt:num-dot-decimal">13</ix:nonFraction>%), Mexico (<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20221231_MX" name="ifrs-full:PercentageOfEntitysRevenue" unitRef="Pure" id="Tag514" decimals="2" scale="-2" format="ixt:num-dot-decimal">10</ix:nonFraction></span>%), Canada, Colombia and Italy.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Revenue is mainly recognized at a point in time to direct customers, when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer. Revenues related to governmental institutions represent approximately <ix:nonFraction contextRef="D20221231_TenarisMember_GovernmentCustomersMember" name="ifrs-full:PercentageOfEntitysRevenue" unitRef="Pure" id="Tag509" decimals="2" scale="-2" format="ixt:num-dot-decimal">22</ix:nonFraction>%, <ix:nonFraction contextRef="D20211231_TenarisMember_GovernmentCustomersMember" name="ifrs-full:PercentageOfEntitysRevenue" unitRef="Pure" id="Tag1934" decimals="2" scale="-2" format="ixt:num-dot-decimal">23</ix:nonFraction>% and <ix:nonFraction contextRef="D20201231_TenarisMember_GovernmentCustomersMember" name="ifrs-full:PercentageOfEntitysRevenue" unitRef="Pure" id="Tag582" decimals="2" scale="-2" format="ixt:num-dot-decimal">24</ix:nonFraction>% in 2022, 2021 and 2020 respectively.</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Tubes segment revenues by market:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">(All amounts in millions of U.S. dollars)</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:SegmentRevenuesByMarketExplanatory" id="Tag3011" escape="true"><table cellpadding="0" style="height: 85px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Revenues Tubes </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><div id="fs_70W1P6SE4000000000000000000000B"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><span style="line-height: inherit;">2022</span></span></p></div></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2020</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Oil &amp; Gas </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <ix:nonFraction contextRef="D20221231_TubesMember_OilAndGasMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag495" decimals="-6" scale="6" format="ixt:num-dot-decimal">9,543</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <ix:nonFraction contextRef="D20211231_TubesMember_OilAndGasMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag649" decimals="-6" scale="6" format="ixt:num-dot-decimal">4,895</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <ix:nonFraction contextRef="D20201231_TubesMember_OilAndGasMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag1927" decimals="-6" scale="6" format="ixt:num-dot-decimal">4,022</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Oil &amp; Gas processing plants </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <ix:nonFraction contextRef="D20221231_TubesMember_OilAndGasProcessingPlantsMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag243" decimals="-6" scale="6" format="ixt:num-dot-decimal">738</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <ix:nonFraction contextRef="D20211231_TubesMember_OilAndGasProcessingPlantsMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag500" decimals="-6" scale="6" format="ixt:num-dot-decimal">459</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <ix:nonFraction contextRef="D20201231_TubesMember_OilAndGasProcessingPlantsMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag1940" decimals="-6" scale="6" format="ixt:num-dot-decimal">407</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Industrial, Power and Others </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <ix:nonFraction contextRef="D20221231_IndustrialAndOtherMember_TubesMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag694" decimals="-6" scale="6" format="ixt:num-dot-decimal">852</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <ix:nonFraction contextRef="D20211231_IndustrialAndOtherMember_TubesMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag1935" decimals="-6" scale="6" format="ixt:num-dot-decimal">640</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <ix:nonFraction contextRef="D20201231_IndustrialAndOtherMember_TubesMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag513" decimals="-6" scale="6" format="ixt:num-dot-decimal">415</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Total </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TubesMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag505" decimals="-6" scale="6" format="ixt:num-dot-decimal">11,133</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_TubesMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag2923" decimals="-6" scale="6" format="ixt:num-dot-decimal">5,994</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231_TubesMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag636" decimals="-6" scale="6" format="ixt:num-dot-decimal">4,844</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric></div><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">At December 31, 2022, 2021 and 2020, the Company recognized contract liabilities related to customer advances in the amount of $<ix:nonFraction contextRef="I20221231" name="ifrs-full:ContractLiabilities" unitRef="USD" id="Tag559" decimals="-5" scale="6" format="ixt:num-dot-decimal">242.9</ix:nonFraction> million, $<ix:nonFraction contextRef="I20211231" name="ifrs-full:ContractLiabilities" unitRef="USD" id="Tag606" decimals="-5" scale="6" format="ixt:num-dot-decimal">92.4</ix:nonFraction> million and $<ix:nonFraction contextRef="I20201231" name="ifrs-full:ContractLiabilities" unitRef="USD" id="Tag515" decimals="-5" scale="6" format="ixt:num-dot-decimal">48.7</ix:nonFraction> million, respectively. Each of these amounts are reclassified to revenues during the subsequent years. In these periods, no significant adjustments in revenues were performed related to previously satisfied performance obligations.</span><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><br/></span></p></ix:nonNumeric><div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"><p style="margin: 0px; text-indent: 0px;"><br/></p><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; color: #000000; line-height: inherit;" class="pageno">F-<span style="border-left: none; border-right: none; line-height: inherit;">36</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_XHORBEQ4J400000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="line-height: inherit;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div></div><div id="Ddffqlfrmgtbxvhu3f7o59" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="margin: 0px; text-indent: 0px; line-height: 1.2;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfCostOfSalesExplanatory" id="Tag864" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"><span style="font-size: 10pt; font-family: &quot;times new roman&quot;, times; color: rgb(0, 51, 102); line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">2</span><span style="font-weight: bold; margin-left: 30px; line-height: inherit;">Cost of sales</span></span></p><p style="margin: 0px; text-indent: 0px;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutCostOfSalesTextBlock" id="Tag863" escape="true"><div id="t_ft_B0E7ZD8XGW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 317px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"> Year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2022</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2021</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2020</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Inventories at the beginning of the year&#160;</span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ts:InventoriesIncludingDiscontinuedOperations" unitRef="USD" id="Tag22" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,672,593</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231" name="ts:InventoriesIncludingDiscontinuedOperations" unitRef="USD" id="Tag331" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,636,673</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20191231" name="ts:InventoriesIncludingDiscontinuedOperations" unitRef="USD" id="Tag927" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,265,880</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Increase in inventory due to business combinations </span></p></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:IncreaseInInventoryDueToBusinessCombinations" unitRef="USD" xsi:nil="true" id="Tag351"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:IncreaseInInventoryDueToBusinessCombinations" unitRef="USD" xsi:nil="true" id="Tag338"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:IncreaseInInventoryDueToBusinessCombinations" unitRef="USD" id="Tag25" decimals="-3" scale="3" format="ixt:num-dot-decimal">199,589</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Decrease in inventory due to sale of subsidiaries </span></p></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:DecreaseInInventoryDueToSaleOfSubsidiaries" unitRef="USD" xsi:nil="true" id="Tag939"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:DecreaseInInventoryDueToSaleOfSubsidiaries" unitRef="USD" id="Tag31" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,662</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:DecreaseInInventoryDueToSaleOfSubsidiaries" unitRef="USD" xsi:nil="true" id="Tag935"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Plus: Charges of the year </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Raw materials, energy, consumables and other </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesRawMaterialsEnergyConsumablesAndOther" unitRef="USD" id="Tag340" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,772,031</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesRawMaterialsEnergyConsumablesAndOther" unitRef="USD" id="Tag354" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,841,551</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesRawMaterialsEnergyConsumablesAndOther" unitRef="USD" id="Tag348" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,545,688</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Services and fees </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesServicesAndFees" unitRef="USD" id="Tag327" decimals="-3" scale="3" format="ixt:num-dot-decimal">293,490</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesServicesAndFees" unitRef="USD" id="Tag326" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,472</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesServicesAndFees" unitRef="USD" id="Tag330" decimals="-3" scale="3" format="ixt:num-dot-decimal">154,976</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;">Labor cost&#160;<span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span>&#160;</span></p></td><td style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesLaborCost" unitRef="USD" id="Tag344" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,160,085</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesLaborCost" unitRef="USD" id="Tag35" decimals="-3" scale="3" format="ixt:num-dot-decimal">824,071</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesLaborCost" unitRef="USD" id="Tag352" decimals="-3" scale="3" format="ixt:num-dot-decimal">757,359</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation of property, plant and equipment </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesDepreciationOfPropertyPlantAndEquipment" unitRef="USD" id="Tag349" decimals="-3" scale="3" format="ixt:num-dot-decimal">465,849</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesDepreciationOfPropertyPlantAndEquipment" unitRef="USD" id="Tag328" decimals="-3" scale="3" format="ixt:num-dot-decimal">448,843</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesDepreciationOfPropertyPlantAndEquipment" unitRef="USD" id="Tag33" decimals="-3" scale="3" format="ixt:num-dot-decimal">503,725</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Amortization of intangible assets </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesAmortizationOfIntangibleAssets" unitRef="USD" id="Tag335" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,754</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesAmortizationOfIntangibleAssets" unitRef="USD" id="Tag346" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,645</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesAmortizationOfIntangibleAssets" unitRef="USD" id="Tag934" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,121</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation of right-of-use assets </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" unitRef="USD" id="Tag345" decimals="-3" scale="3" format="ixt:num-dot-decimal">33,244</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" unitRef="USD" id="Tag938" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,910</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" unitRef="USD" id="Tag341" decimals="-3" scale="3" format="ixt:num-dot-decimal">40,127</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Maintenance expenses </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesMaintenanceExpenses" unitRef="USD" id="Tag342" decimals="-3" scale="3" format="ixt:num-dot-decimal">267,294</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesMaintenanceExpenses" unitRef="USD" id="Tag24" decimals="-3" scale="3" format="ixt:num-dot-decimal">129,350</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesMaintenanceExpenses" unitRef="USD" id="Tag355" decimals="-3" scale="3" format="ixt:num-dot-decimal">107,764</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Allowance for obsolescence </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesAllowanceForObsolescence" unitRef="USD" id="Tag329" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,901</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesAllowanceForObsolescence" unitRef="USD" id="Tag343" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,296</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesAllowanceForObsolescence" unitRef="USD" id="Tag353" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,809</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Taxes </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesTaxes" unitRef="USD" id="Tag333" decimals="-3" scale="3" format="ixt:num-dot-decimal">194,736</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesTaxes" unitRef="USD" id="Tag23" decimals="-3" scale="3" format="ixt:num-dot-decimal">40,887</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesTaxes" unitRef="USD" id="Tag332" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,162</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesOther" unitRef="USD" id="Tag347" decimals="-3" scale="3" format="ixt:num-dot-decimal">178,691</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesOther" unitRef="USD" id="Tag325" decimals="-3" scale="3" format="ixt:num-dot-decimal">98,159</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesOther" unitRef="USD" id="Tag350" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,790</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesIncludingDiscontinuedOperations" unitRef="USD" id="Tag940" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,402,075</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesIncludingDiscontinuedOperations" unitRef="USD" id="Tag32" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,647,522</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesIncludingDiscontinuedOperations" unitRef="USD" id="Tag322" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,458,110</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Less: Inventories at the end of the year </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="I20221231" name="ts:InventoriesIncludingDiscontinuedOperations" unitRef="USD" id="Tag334" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,986,929</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="I20211231" name="ts:InventoriesIncludingDiscontinuedOperations" unitRef="USD" id="Tag339" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,672,593</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="I20201231" name="ts:InventoriesIncludingDiscontinuedOperations" unitRef="USD" id="Tag336" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,636,673</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 18px; background-color: #cceeff;"><td style="height: 18px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:CostOfSales" unitRef="USD" id="Tag358" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,087,739</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:CostOfSales" unitRef="USD" id="Tag323" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,611,602</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:CostOfSales" unitRef="USD" id="Tag357" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,087,317</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">(*)</span>&#160;</span></sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span><ix:footnote xml:lang="en-US" id="footnote1" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;">&#160;For the </span><span style="font-weight: normal; line-height: inherit;">year</span><span style="font-weight: normal; line-height: inherit;"> ended December 202</span><span style="font-weight: normal; line-height: inherit;">2</span><span style="font-weight: normal; line-height: inherit;">, 202</span><span style="font-weight: normal; line-height: inherit;">1</span><span style="font-weight: normal; line-height: inherit;"> and 20</span><span style="font-weight: normal; line-height: inherit;">20</span><span style="font-weight: normal; line-height: inherit;">, labor cost includes approximately </span><span style="font-weight: normal; line-height: inherit;">$</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:CostOfSalesLaborCostSeveranceCharges" unitRef="USD" id="Tag337" decimals="-5" scale="6" format="ixt:num-dot-decimal">17.8</ix:nonFraction></span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million, </span><span style="font-weight: normal; line-height: inherit;">$</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:CostOfSalesLaborCostSeveranceCharges" unitRef="USD" id="Tag356" decimals="-5" scale="6" format="ixt:num-dot-decimal">12.8</ix:nonFraction></span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million</span><span style="font-weight: normal; line-height: inherit;"> and</span><span style="font-weight: normal; line-height: inherit;"> $</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:CostOfSalesLaborCostSeveranceCharges" unitRef="USD" id="Tag324" decimals="-5" scale="6" format="ixt:num-dot-decimal">81.3</ix:nonFraction></span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million respectively of severance indemnities related to the adjustment of the workforce to market conditions.</span></span></ix:footnote></span></span></span></p></ix:nonNumeric></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;">&#160;</span></p></div><div id="Dztniv202zt9dyzj96rtjg" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory" id="Tag1980" escape="true"><p style="margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">3</span><span style="font-weight: bold; margin-left: 30px; line-height: inherit;">Selling, general and administrative expenses</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock" id="Tag1979" escape="true"><div id="t_ft_HRXKC3PZI800000000000000000000b"><table border="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt; height: 22px;"><tbody><tr style="height: 1px;"><td valign="top" style="padding: 0cm 5.4pt; height: 1px;"></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td colspan="7" valign="top" style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">Year ended December 31,</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td></tr><tr style="height: 1px;"><td valign="top" style="padding: 0cm 5.4pt; height: 1px;"></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td valign="top" style="border-top: none; border-right: none; border-left: none; border-image: initial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">2022</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td valign="top" style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">2021</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td valign="top" style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">2020</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td valign="bottom" style="padding: 0cm 5.4pt; height: 1px; width: 64%; background-color: #cceeff;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Services and fees </span></p></td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="background: #cceeff; padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesServicesAndFees" unitRef="USD" id="Tag2014" decimals="-3" scale="3" format="ixt:num-dot-decimal">148,331</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesServicesAndFees" unitRef="USD" id="Tag2013" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,303</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesServicesAndFees" unitRef="USD" id="Tag2012" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,883</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td valign="top" style="padding: 0cm 5.4pt; height: 1px;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Labor cost <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td valign="bottom" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesLaborCost" unitRef="USD" id="Tag2011" decimals="-3" scale="3" format="ixt:num-dot-decimal">518,500</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesLaborCost" unitRef="USD" id="Tag2010" decimals="-3" scale="3" format="ixt:num-dot-decimal">426,414</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesLaborCost" unitRef="USD" id="Tag2009" decimals="-3" scale="3" format="ixt:num-dot-decimal">444,436</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td valign="bottom" style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Depreciation of property, plant and equipment&#160;</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" unitRef="USD" id="Tag2008" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,883</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" unitRef="USD" id="Tag2007" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,924</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" unitRef="USD" id="Tag2006" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,814</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td valign="bottom" style="padding: 0cm 5.4pt; height: 1px;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Amortization of intangible assets </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td valign="bottom" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" unitRef="USD" id="Tag2005" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,018</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" unitRef="USD" id="Tag2004" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,874</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" unitRef="USD" id="Tag2003" decimals="-3" scale="3" format="ixt:num-dot-decimal">82,355</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td valign="top" style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Depreciation of right-of-use assets </span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" unitRef="USD" id="Tag2002" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,975</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" unitRef="USD" id="Tag2001" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,525</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" unitRef="USD" id="Tag2000" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,664</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td valign="bottom" style="padding: 0cm 5.4pt; height: 1px;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Commissions, freight and other selling expenses </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td valign="bottom" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" unitRef="USD" id="Tag1999" decimals="-3" scale="3" format="ixt:num-dot-decimal">641,812</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" unitRef="USD" id="Tag1998" decimals="-3" scale="3" format="ixt:num-dot-decimal">415,895</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" unitRef="USD" id="Tag1997" decimals="-3" scale="3" format="ixt:num-dot-decimal">310,815</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td valign="bottom" style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Provisions for contingencies </span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" unitRef="USD" id="Tag1996" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,606</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" unitRef="USD" id="Tag1995" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,998</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" unitRef="USD" id="Tag1994" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,957</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td valign="bottom" style="padding: 0cm 5.4pt; height: 1px;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Allowances for doubtful accounts </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td valign="bottom" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" unitRef="USD" id="Tag1989" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">223</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" unitRef="USD" id="Tag1993" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,297</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" unitRef="USD" id="Tag1990" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,644</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td valign="bottom" style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Taxes </span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesTaxes" unitRef="USD" id="Tag1992" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,410</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesTaxes" unitRef="USD" id="Tag1985" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,800</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesTaxes" unitRef="USD" id="Tag1986" decimals="-3" scale="3" format="ixt:num-dot-decimal">63,234</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td valign="bottom" style="padding: 0cm 5.4pt; height: 1px;"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Other </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td valign="bottom" style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesOther" unitRef="USD" id="Tag1987" decimals="-3" scale="3" format="ixt:num-dot-decimal">87,263</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesOther" unitRef="USD" id="Tag1988" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,133</ix:nonFraction></span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td valign="bottom" style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesOther" unitRef="USD" id="Tag1991" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,425</ix:nonFraction></span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td valign="bottom" style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"></td><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td valign="bottom" style="border-left: none; border-right: none; background: #cceeff; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><b><span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:SellingGeneralAndAdministrativeExpense" unitRef="USD" id="Tag1052" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,634,575</ix:nonFraction></span></b></p></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td valign="bottom" style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><b><span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:SellingGeneralAndAdministrativeExpense" unitRef="USD" id="Tag1051" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,206,569</ix:nonFraction></span></b></p></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td valign="bottom" style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><b><span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:SellingGeneralAndAdministrativeExpense" unitRef="USD" id="Tag1050" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,119,227</ix:nonFraction></span></b></p></td><td style="border-left: none; border-right: none; padding: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify; font-size: 9pt;"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9pt; color: #000000; line-height: inherit;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; line-height: inherit;">(*)</span></sup></span><span><ix:footnote xml:lang="en-US" id="footnote26" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'times new roman', times; line-height: inherit;">For the year ended December 2022, 2021</span> and <span style="border-left: none; border-right: none; line-height: inherit;">2020</span>, labor cost includes approximately $<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" unitRef="USD" id="Tag1982" decimals="-5" scale="6" format="ixt:num-dot-decimal">11.2</ix:nonFraction></span> million, $<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" unitRef="USD" id="Tag1983" decimals="-5" scale="6" format="ixt:num-dot-decimal">15.8</ix:nonFraction></span> million and $<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" unitRef="USD" id="Tag1984" decimals="-5" scale="6" format="ixt:num-dot-decimal">61.2</ix:nonFraction></span> million respectively of severance indemnities related to the adjustment of the workforce to market conditions.</ix:footnote></span></span></p></ix:nonNumeric></ix:nonNumeric><div><div style="border-left: none; border-right: none; line-height: 1.2;"><p style="margin: 0px; text-indent: 0px;"><br/></p><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 17px;"><tbody><tr style="height: 17px;"><td class="pgno" style="padding: 0px; text-align: center; height: 17px;"><span style="font-size: 10pt; color: #000000; line-height: inherit;" class="pageno">F-<span style="border-left: none; border-right: none; line-height: inherit;">37</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_6U5Z1D37Y800000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt;"><br/></p></div><div id="Dztniv202zt9dyzj96rtjh" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfEmployeeBenefitsExplanatory" id="Tag3159" escape="true"><p style="margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;">4</span><span style="font-weight: bold; margin-left: 30px;">Labor costs (included in Cost of sales and in Selling, general and administrative expenses)</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutLaborCostsTextBlock" id="Tag1147" escape="true"><div id="t_ft_R3J9P88EJ400000000000000000000b"><table cellpadding="0" style="height: 129px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000;"> Year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2022</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2020</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Wages, salaries and social security costs </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ShorttermEmployeeBenefitsExpense" unitRef="USD" id="Tag1178" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,594,200</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ShorttermEmployeeBenefitsExpense" unitRef="USD" id="Tag1161" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,170,562</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:ShorttermEmployeeBenefitsExpense" unitRef="USD" id="Tag1187" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,036,211</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Severance indemnities </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:TerminationBenefitsExpense" unitRef="USD" id="Tag1203" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,070</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:TerminationBenefitsExpense" unitRef="USD" id="Tag1176" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,625</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:TerminationBenefitsExpense" unitRef="USD" id="Tag1159" decimals="-3" scale="3" format="ixt:num-dot-decimal">142,458</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Defined contribution plans </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" unitRef="USD" id="Tag1198" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,256</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" unitRef="USD" id="Tag1184" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,608</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans" unitRef="USD" id="Tag1174" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,442</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Pension benefits - defined benefit plans </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="USD" id="Tag1157" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,320</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="USD" id="Tag1164" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,353</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans" unitRef="USD" id="Tag1182" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,097</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Employee retention and long-term incentive program </span></p></td><td style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" unitRef="USD" id="Tag1173" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,739</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ts:EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" unitRef="USD" id="Tag1172" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,337</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> (<ix:nonFraction contextRef="D20201231" name="ts:EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" unitRef="USD" id="Tag1190" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">413</ix:nonFraction></span></p></td><td style="height: 10px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:EmployeeBenefitsExpense" unitRef="USD" id="Tag1193" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,678,585</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:EmployeeBenefitsExpense" unitRef="USD" id="Tag1163" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,250,485</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:EmployeeBenefitsExpense" unitRef="USD" id="Tag1180" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,201,795</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr></tbody></table></div></ix:nonNumeric><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><br/></p><div style="border-right: none; border-left: none;"><p style="line-height: 12pt; margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">The following table shows the geographical distribution of the employees:</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; color: #000000;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory" id="Tag3107" escape="true"><table cellpadding="0" style="height: 222px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 18px;"><td style="height: 18px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2022</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2020</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Argentina </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_AR" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1188" decimals="0" format="ixt:num-dot-decimal">6,444</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_AR" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1171" decimals="0" format="ixt:num-dot-decimal">5,169</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_AR" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1207" decimals="0" format="ixt:num-dot-decimal">4,376</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Mexico </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_MX" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1170" decimals="0" format="ixt:num-dot-decimal">5,919</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_MX" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1169" decimals="0" format="ixt:num-dot-decimal">5,474</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_MX" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1168" decimals="0" format="ixt:num-dot-decimal">4,501</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> USA </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_US" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1167" decimals="0" format="ixt:num-dot-decimal">3,509</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_US" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1166" decimals="0" format="ixt:num-dot-decimal">2,684</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_US" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1165" decimals="0" format="ixt:num-dot-decimal">1,596</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Italy </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_IT" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1194" decimals="0" format="ixt:num-dot-decimal">2,136</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_IT" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1162" decimals="0" format="ixt:num-dot-decimal">2,011</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_IT" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1387" decimals="0" format="ixt:num-dot-decimal">2,039</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Romania </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_RO" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1160" decimals="0" format="ixt:num-dot-decimal">1,847</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_RO" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1205" decimals="0" format="ixt:num-dot-decimal">1,725</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_RO" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1158" decimals="0" format="ixt:num-dot-decimal">1,552</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Brazil </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_BR" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1201" decimals="0" format="ixt:num-dot-decimal">1,460</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_BR" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1197" decimals="0" format="ixt:num-dot-decimal">1,817</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_BR" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1156" decimals="0" format="ixt:num-dot-decimal">1,360</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Colombia </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_CO" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1192" decimals="0" format="ixt:num-dot-decimal">1,183</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_CO" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1191" decimals="0" format="ixt:num-dot-decimal">1,009</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_CO" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1206" decimals="0" format="ixt:num-dot-decimal">746</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Canada </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_CA" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1189" decimals="0" format="ixt:num-dot-decimal">944</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_CA" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1202" decimals="0" format="ixt:num-dot-decimal">758</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_CA" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1186" decimals="0" format="ixt:num-dot-decimal">561</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Indonesia </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_ID" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1185" decimals="0" format="ixt:num-dot-decimal">495</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_ID" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1199" decimals="0" format="ixt:num-dot-decimal">506</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_ID" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1195" decimals="0" format="ixt:num-dot-decimal">521</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Japan </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_JP" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1183" decimals="0" format="ixt:num-dot-decimal">11</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_JP" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1386" decimals="0" format="ixt:num-dot-decimal">379</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_JP" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1181" decimals="0" format="ixt:num-dot-decimal">399</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Other </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231_OtherGeographicalAreasMember" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1204" decimals="0" format="ixt:num-dot-decimal">1,344</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231_OtherGeographicalAreasMember" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1179" decimals="0" format="ixt:num-dot-decimal">1,244</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231_OtherGeographicalAreasMember" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1200" decimals="0" format="ixt:num-dot-decimal">1,377</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1177" decimals="0" format="ixt:num-dot-decimal">25,292</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1196" decimals="0" format="ixt:num-dot-decimal">22,776</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:NumberOfEmployees" unitRef="Employee" id="Tag1175" decimals="0" format="ixt:num-dot-decimal">19,028</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric></div></ix:nonNumeric><p style="line-height: 12pt; margin: 0pt;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;</span></p><div><div id="t_ft_JJGFQTE08W00000000000000000000b"><div xmlns="http://www.w3.org/1999/xhtml"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; color: #000000;" class="pageno">F-<span style="border-left: none; border-right: none;">38</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_QHJP6ZQ2S000000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="margin: 0pt;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></div></div></div><div id="Dmey7et2rwndekzl1z5jb" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory" id="Tag1136" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-weight: bold;">5</span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Impairment charge</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">Tenaris&#8217;s main source of revenue is the sale of products and services to the oil and gas industry, and the level of such sales is sensitive to international oil and gas prices and their impact on drilling activities.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #000000;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company conducts regular assessments of the carrying values of its assets. 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font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Net income from other sales </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:OtherOperatingIncomeNetIncomeFromOtherSales" unitRef="USD" id="Tag1303" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,161</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ts:OtherOperatingIncomeNetIncomeFromOtherSales" unitRef="USD" id="Tag1310" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,694</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ts:OtherOperatingIncomeNetIncomeFromOtherSales" unitRef="USD" id="Tag1311" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,891</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Net rents </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:RentalIncome" unitRef="USD" id="Tag1371" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,084</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:RentalIncome" unitRef="USD" id="Tag1369" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,314</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:RentalIncome" unitRef="USD" id="Tag1366" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,501</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Reclassification of currency translation adjustment reserve <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" unitRef="USD" id="Tag1320" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,252</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ts:OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" unitRef="USD" xsi:nil="true" id="Tag1299"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ts:OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" unitRef="USD" xsi:nil="true" id="Tag1273"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Tax recovery in Brazilian subsidiaries <span style="font-size: 8pt;"><sup>(**)</sup></span>&#160;</span></p></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" unitRef="USD" xsi:nil="true" id="Tag1262"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ts:TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" unitRef="USD" id="Tag1304" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,568</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ts:TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" unitRef="USD" id="Tag1308" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,164</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Other <span style="font-size: 8pt;"><sup>(***)</sup></span></span></p></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:MiscellaneousOtherOperatingIncome" unitRef="USD" xsi:nil="true" id="Tag1372"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:MiscellaneousOtherOperatingIncome" unitRef="USD" id="Tag1264" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,290</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:MiscellaneousOtherOperatingIncome" unitRef="USD" id="Tag1267" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,837</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Recovery on allowance for doubtful receivables </span></p></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" unitRef="USD" xsi:nil="true" id="Tag2935"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ts:OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" unitRef="USD" id="Tag1319" decimals="-3" scale="3" format="ixt:num-dot-decimal">379</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ts:OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" unitRef="USD" xsi:nil="true" id="Tag2937"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherIncome" unitRef="USD" id="Tag1263" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,497</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherIncome" unitRef="USD" id="Tag1307" decimals="-3" scale="3" format="ixt:num-dot-decimal">68,245</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherIncome" unitRef="USD" id="Tag1266" decimals="-3" scale="3" format="ixt:num-dot-decimal">33,393</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000;"> Other operating expenses </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Contributions to welfare projects and non-profit organizations </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" unitRef="USD" id="Tag1384" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,668</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ts:OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" unitRef="USD" id="Tag2932" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,697</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ts:OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" unitRef="USD" id="Tag1306" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,989</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Securities Exchange Commission investigation settlement <span style="font-size: 8pt;"><sup>(****)</sup></span></span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" unitRef="USD" id="Tag1265" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,100</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ts:OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" unitRef="USD" xsi:nil="true" id="Tag1270"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ts:OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" unitRef="USD" xsi:nil="true" id="Tag2936"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Allowance for doubtful receivables </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:OtherOperatingExpensesAllowanceForDoubtfulReceivables" unitRef="USD" id="Tag2934" decimals="-3" scale="3" format="ixt:num-dot-decimal">346</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ts:OtherOperatingExpensesAllowanceForDoubtfulReceivables" unitRef="USD" xsi:nil="true" id="Tag1300"></ix:nonFraction> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ts:OtherOperatingExpensesAllowanceForDoubtfulReceivables" unitRef="USD" id="Tag1377" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,263</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"> Other</span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:MiscellaneousOtherOperatingExpense" unitRef="USD" id="Tag2933" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,595</ix:nonFraction></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:MiscellaneousOtherOperatingExpense" unitRef="USD" xsi:nil="true" id="Tag1301"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:MiscellaneousOtherOperatingExpense" unitRef="USD" xsi:nil="true" id="Tag1268"></ix:nonFraction> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherExpenseByFunction" unitRef="USD" id="Tag1302" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,709</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherExpenseByFunction" unitRef="USD" id="Tag1305" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,697</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherExpenseByFunction" unitRef="USD" id="Tag1272" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,252</ix:nonFraction></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; color: #000000;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup>(*)</sup>&#160;<span><ix:footnote xml:lang="en-US" id="footnote2" footnoteRole="http://www.xbrl.org/2003/role/footnote">During <span style="border-left: none; border-right: none; line-height: inherit;">2022</span>, as result of NKKTubes&#8217; definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see note <span style="border-left: none; border-right: none; line-height: inherit;">35</span> &#8220;Other Relevant Information <span style="font-style: italic; line-height: inherit;">&#8211;</span><span style="font-style: italic; line-height: inherit;">A</span><span style="font-style: italic; line-height: inherit;">greement to terminate NKKTubes joint venture</span><span style="font-style: italic; line-height: inherit;">&#8221;</span><span style="font-style: italic; line-height: inherit;">.</span></ix:footnote></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">(**)&#160;</span></sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span><ix:footnote xml:lang="en-US" id="footnote3" footnoteRole="http://www.xbrl.org/2003/role/footnote">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 $<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20210513_BR_SubsidiariesMember_1" name="ts:TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" unitRef="USD" id="Tag1260" decimals="-6" scale="6" format="ixt:num-dot-decimal" sign="-">53</ix:nonFraction></span> million tax credit in Brazilian subsidiaries, out of which $<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20210513_BR_SubsidiariesMember_1" name="ts:TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" unitRef="USD" id="Tag1309" decimals="-6" scale="6" format="ixt:num-dot-decimal">36</ix:nonFraction></span> million were recognized in other operating income and $<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20210513_BR_SubsidiariesMember_1" name="ts:InterestIncomeOnTaxAssets" unitRef="USD" id="Tag1370" decimals="-6" scale="6" format="ixt:num-dot-decimal">17</ix:nonFraction></span> million in financial results (impacting in Finance Income and Finance Cost). In addition the tax charge related to this gain amounted to $<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20210513_BR_SubsidiariesMember_1" name="ts:TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" unitRef="USD" id="Tag1269" decimals="-6" scale="6" format="ixt:num-dot-decimal">12</ix:nonFraction></span> million.</ix:footnote></span></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><sup><span style="font-family: 'times new roman', times; color: #000000;"><br/></span></sup></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">(***)</span></sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">&#160;<span><ix:footnote xml:lang="en-US" id="footnote4" footnoteRole="http://www.xbrl.org/2003/role/footnote">On November 1, 2021 the Company transferred <span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20211101_GenevaStructuralTubesLlcMember_MkkUsaIncMember" name="ts:PercentageOfVotingEquityInterestsDivested" unitRef="Pure" id="Tag1271" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction></span>% of the shares of Geneva Structural Tubes LLC (&#8220;Geneva&#8221;) to MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan for an aggregate price of $<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20211101_GenevaStructuralTubesLlcMember_MkkUsaIncMember" name="ifrs-full:ConsiderationPaidReceived" unitRef="USD" id="Tag1368" decimals="-5" scale="6" format="ixt:num-dot-decimal" sign="-">24.3</ix:nonFraction></span> million. The gain of this transaction ascended to approximately $<span style="border-left: none; border-right: none; line-height: inherit;"><ix:nonFraction contextRef="D20211101_GenevaStructuralTubesLlcMember_MkkUsaIncMember" name="ifrs-full:GainsLossesRecognisedWhenControlInSubsidiaryIsLost" unitRef="USD" id="Tag1261" decimals="-5" scale="6" format="ixt:num-dot-decimal">6.8</ix:nonFraction></span> million.</ix:footnote></span></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><sup><br/></sup></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(****)&#160;</sup></span><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span><ix:footnote xml:lang="en-US" id="footnote5" footnoteRole="http://www.xbrl.org/2003/role/footnote">For more information see note <span style="border-left: none; border-right: none; line-height: inherit;">26</span> &#8220;Contingencies, commitments and restrictions to the distribution of profits - <span style="font-style: italic; line-height: inherit;">Contingencies - Petrobras-related proceedings and claims</span>&#8221;.</ix:footnote></span></span></span></p></ix:nonNumeric></ix:nonNumeric><p style="margin: 0pt;"><br/></p></div><div id="D76gr25u54lsxioxnznxk3o" style="font-family: 'times new roman', times; font-size: 10pt;"><div style="border-right: none; border-left: none;"><div><div style="border-left: none; border-right: none;"><div><div><div><div style="border-left: none; border-right: none;"><div><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">40</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div style="border-left: none; border-right: none;"><div id="t_ft_4NBZADTJ4000000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div></div></div><p style="line-height: 1.2; margin: 0px; text-indent: 0px;"><br/></p></div></div></div></div><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory" id="Tag862" escape="true"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">7</span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;">Financial results</span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutFinancialIncomeCost" id="Tag861" escape="true"><div id="fs_1HLCP16FWG00000000000000000000B"><div><table cellpadding="0" style="height: 206px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td colspan="8" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 37.6488%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"> Year ended December 31, </span></p></td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2022</span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2021</span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2020</span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 61.6071%; padding: 0px 0px 0px 27px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Interest Income </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:RevenueFromInterest" unitRef="USD" id="Tag1282" decimals="-3" scale="3" format="ixt:num-dot-decimal">86,112</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:RevenueFromInterest" unitRef="USD" id="Tag1396" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,048</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:RevenueFromInterest" unitRef="USD" id="Tag3097" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,625</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net result on changes in FV of financial assets at FVPL </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" unitRef="USD" id="Tag1284" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,092</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" unitRef="USD" xsi:nil="true" id="Tag3100"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" unitRef="USD" xsi:nil="true" id="Tag929"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Impairment result on financial assets at FVTOCI </span></p></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ImpairmentLossOnFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag930"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ImpairmentLossOnFinancialAssets" unitRef="USD" xsi:nil="true" id="Tag928"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ImpairmentLossOnFinancialAssets" unitRef="USD" id="Tag931" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,238</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Finance Income&#160;<span style="font-size: 8pt;"><sup>(*)</sup></span></span></span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:FinanceIncome" unitRef="USD" id="Tag3098" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,020</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:FinanceIncome" unitRef="USD" id="Tag1388" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,048</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:FinanceIncome" unitRef="USD" id="Tag1002" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,387</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Finance cost </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:FinanceCosts" unitRef="USD" id="Tag1285" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,940</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:FinanceCosts" unitRef="USD" id="Tag1294" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,677</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:FinanceCosts" unitRef="USD" id="Tag3101" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,014</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Net foreign exchange transactions results <span style="font-size: 8pt;"><sup>(**)</sup></span></span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" unitRef="USD" id="Tag2974" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,654</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" unitRef="USD" id="Tag1378" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,287</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" unitRef="USD" id="Tag889" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">74,422</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Foreign exchange derivatives contracts results<span style="font-size: 9pt;"><sup>(***)</sup></span></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:ForeignExchangeDerivativesContractsResults" unitRef="USD" id="Tag3099" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,666</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:ForeignExchangeDerivativesContractsResults" unitRef="USD" id="Tag1296" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,966</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20201231" name="ts:ForeignExchangeDerivativesContractsResults" unitRef="USD" id="Tag1006" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,644</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Other <span style="font-size: 8pt;"><sup>(****)</sup></span></span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherFinanceCost" unitRef="USD" id="Tag1283" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,108</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherFinanceCost" unitRef="USD" id="Tag895" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,026</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherFinanceCost" unitRef="USD" id="Tag894" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,590</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Other financial results</span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:OtherFinanceIncomeCost" unitRef="USD" id="Tag1295" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">40,120</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:OtherFinanceIncomeCost" unitRef="USD" id="Tag1005" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,295</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:OtherFinanceIncomeCost" unitRef="USD" id="Tag933" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">56,368</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Net financial results </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:FinanceIncomeCost" unitRef="USD" id="Tag2938" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,040</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:FinanceIncomeCost" unitRef="USD" id="Tag1003" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,666</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:FinanceIncomeCost" unitRef="USD" id="Tag932" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">64,995</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">(*)&#160;</span></sup><span><ix:footnote xml:lang="en-US" id="footnote30" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Finance Income: </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span>, <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" unitRef="USD" id="Tag892" decimals="-6" scale="6" format="ixt:num-dot-decimal">33</ix:nonFraction></span></span> million, $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" unitRef="USD" id="Tag891" decimals="-5" scale="6" format="ixt:num-dot-decimal">3.3</ix:nonFraction></span></span> million and $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" unitRef="USD" id="Tag890" decimals="-5" scale="6" format="ixt:num-dot-decimal">6.5</ix:nonFraction></span></span> million of interest related to instruments carried at FVPL, respectively. </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> also includes a realized loss of $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" unitRef="USD" id="Tag1004" decimals="-5" scale="6" format="ixt:num-dot-decimal" sign="-">10.5</ix:nonFraction></span></span> million related to the change in FV of certain financial instruments obtained in an operation of settlement of trade receivables.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> also includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_3" name="ts:InterestIncomeOnTaxAssets" unitRef="USD" id="Tag888" decimals="-6" scale="6" format="ixt:num-dot-decimal">18</ix:nonFraction></span></span> million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6</span></span> to these Consolidated Financial Statements.</span></span></ix:footnote></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(**)&#160;</sup></span><span><ix:footnote xml:lang="en-US" id="footnote27" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Net foreign exchange transactions results:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> mainly includes result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar, together with the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> mainly includes the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary, together with the result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar. </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> 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. dollar, 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 reserve from our Brazilian subsidiaries. Also includes the negative result from the Mexican peso depreciation against the U.S. dollar on peso denominated trade, social, fiscal and financial positions at Mexican subsidiaries with functional currency U.S. dollar.</span></span></ix:footnote></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(***)&#160;</sup></span><span><ix:footnote xml:lang="en-US" id="footnote28" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Foreign exchange derivatives contracts results:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> includes mainly losses on derivatives covering net liabilities in Euro and Japanese yen, partially offset by gains on derivatives covering net receivables in Brazilian real.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> includes mainly gain on derivatives covering net receivables in Mexican peso, Brazilian real and Canadian dollar and net payables in Euro.</span></span></ix:footnote></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(****)&#160;</sup></span><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span><ix:footnote xml:lang="en-US" id="footnote29" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Other:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> includes a loss of $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_ArgentineSovereignBondsMember" name="ts:LossArisingFromDividendPaidInKind" unitRef="USD" id="Tag893" decimals="-5" scale="6" format="ixt:num-dot-decimal">29.8</ix:nonFraction></span> million related to the transfer of Argentine sovereign bonds paid as dividend in kind from an Argentinian subsidiary to its shareholders. For more information see note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">28</span></span>.</span></span></ix:footnote></span></span></span></p></div></ix:nonNumeric></ix:nonNumeric><p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p></div><div><div id="t_ft_7A14JBC9SG00000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">41</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_UPIBJMJDTC00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000; line-height: inherit;">&#160;</span></p></div><div id="Duw3j0qbhrgz529onz955" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfIncomeTaxExplanatory" id="Tag1448" escape="true"><p style="line-height: 10pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">8</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Income t</span><span style="font-size: 10pt; font-weight: bold;">ax</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock" id="Tag1447" escape="true"><table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.8235%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2020</span></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"><p style="margin: 0pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> Current tax </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:CurrentTaxExpenseIncome" unitRef="USD" id="Tag1511" decimals="-3" scale="3" format="ixt:num-dot-decimal">589,706</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:CurrentTaxExpenseIncome" unitRef="USD" id="Tag1490" decimals="-3" scale="3" format="ixt:num-dot-decimal">215,467</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:CurrentTaxExpenseIncome" unitRef="USD" id="Tag1489" decimals="-3" scale="3" format="ixt:num-dot-decimal">121,048</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.951%;"><p style="margin: 0pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> Deferred tax </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:DeferredTaxExpenseIncome" unitRef="USD" id="Tag1498" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,530</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:DeferredTaxExpenseIncome" unitRef="USD" id="Tag1512" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">26,019</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:DeferredTaxExpenseIncome" unitRef="USD" id="Tag1493" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">97,898</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"><p style="margin: 0pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> Tax charge </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="USD" id="Tag1502" decimals="-3" scale="3" format="ixt:num-dot-decimal">617,236</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-weight: bold; font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="USD" id="Tag1503" decimals="-3" scale="3" format="ixt:num-dot-decimal">189,448</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-weight: bold; font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="USD" id="Tag1482" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,150</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-weight: bold; font-size: 10pt;">)</span></td></tr></tbody></table></ix:nonNumeric><p style="line-height: 12pt; margin: 0pt;"><br/></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;">The tax on </span><span style="font-size: 10pt;">Tenaris&#8217;s</span><span style="font-size: 10pt;"> income before tax differs from the theoretical amount that would arise using the tax rate in each country as follows</span><span style="font-size: 10pt;">:</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock" id="Tag1415" escape="true"><div id="t_ft_K7AC461LWG00000000000000000000b"><table cellpadding="0" style="height: 204px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.9344%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2020</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income (loss) before income tax </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag1508" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,165,937</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag1509" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,242,766</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:ProfitLossBeforeTax" unitRef="USD" id="Tag1428" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">619,267</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Less impairment charges (non-deductible) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:ImpairmentLossReversalOfImpairmentLossNonDeductible" unitRef="USD" xsi:nil="true" id="Tag1418"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ts:ImpairmentLossReversalOfImpairmentLossNonDeductible" unitRef="USD" id="Tag1501" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,075</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ts:ImpairmentLossReversalOfImpairmentLossNonDeductible" unitRef="USD" id="Tag1507" decimals="-3" scale="3" format="ixt:num-dot-decimal">622,402</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income before income tax without impairment charges </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ts:ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax" unitRef="USD" id="Tag1510" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,165,937</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ts:ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax" unitRef="USD" id="Tag1424" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,299,841</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ts:ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax" unitRef="USD" id="Tag1422" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,135</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax calculated at the tax rate in each country </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:TaxExpenseIncomeAtApplicableTaxRate" unitRef="USD" id="Tag1426" decimals="-3" scale="3" format="ixt:num-dot-decimal">705,727</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:TaxExpenseIncomeAtApplicableTaxRate" unitRef="USD" id="Tag1427" decimals="-3" scale="3" format="ixt:num-dot-decimal">209,765</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:TaxExpenseIncomeAtApplicableTaxRate" unitRef="USD" id="Tag1423" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">21,052</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Effect of currency translation on tax base </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" unitRef="USD" id="Tag1504" decimals="-3" scale="3" format="ixt:num-dot-decimal">187,186</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" unitRef="USD" id="Tag1505" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,043</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" unitRef="USD" id="Tag1485" decimals="-3" scale="3" format="ixt:num-dot-decimal">72,936</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Changes in the tax rates </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:TaxEffectFromChangeInTaxRate" unitRef="USD" id="Tag1484" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,422</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:TaxEffectFromChangeInTaxRate" unitRef="USD" id="Tag1417" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,881</ix:nonFraction>) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:TaxEffectFromChangeInTaxRate" unitRef="USD" id="Tag1500" decimals="-3" scale="3" format="ixt:num-dot-decimal">958</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Utilization of previously unrecognized tax losses </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:TaxEffectOfTaxLosses" unitRef="USD" id="Tag1497" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">29,560</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:TaxEffectOfTaxLosses" unitRef="USD" id="Tag1483" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">966</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:TaxEffectOfTaxLosses" unitRef="USD" id="Tag1486" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">98</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax revaluation, withholding tax and others </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" unitRef="USD" id="Tag1425" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">249,539</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ts:TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" unitRef="USD" id="Tag1515" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">125,275</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ts:TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" unitRef="USD" id="Tag1495" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">29,594</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Tax charges </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="USD" id="Tag1506" decimals="-3" scale="3" format="ixt:num-dot-decimal">617,236</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><span style="font-size: 10pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="USD" id="Tag1416" decimals="-3" scale="3" format="ixt:num-dot-decimal">189,448</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><span style="font-size: 10pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:IncomeTaxExpenseContinuingOperations" unitRef="USD" id="Tag1492" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,150</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><span style="font-size: 10pt; font-weight: bold;">)</span></td></tr></tbody></table></div></ix:nonNumeric><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic;">Effect of currency translation on tax base,</span><span style="font-size: 10pt;"> Tenaris applies the liability method to recognize deferred income tax on temporary differences between the tax bases of assets / liabilities and their carrying amounts in the financial statements. By application of this method, Tenaris recognizes gains and losses on deferred income tax due to the effect of the change in the value on the tax bases in subsidiaries (mainly Argentina and Mexico), which have a functional currency different than their local currency. 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It also includes a charge </span><span style="font-size: 10pt;">of $<ix:nonFraction contextRef="D20221231_3" name="ts:ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" unitRef="USD" id="Tag1496" decimals="-6" scale="6" format="ixt:num-dot-decimal">21</ix:nonFraction></span><span style="font-size: 10pt;">&#160;million, $<ix:nonFraction contextRef="D20211231_3" name="ts:ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" unitRef="USD" id="Tag1420" decimals="-6" scale="6" format="ixt:num-dot-decimal">23</ix:nonFraction></span><span style="font-size: 10pt;">&#160;million and $<ix:nonFraction contextRef="D20201231" name="ts:ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" unitRef="USD" id="Tag1487" decimals="-6" scale="6" format="ixt:num-dot-decimal">10</ix:nonFraction></span><span style="font-size: 10pt;">&#160;million for 202</span><span style="font-size: 10pt;">2</span><span style="font-size: 10pt;">, 202</span><span style="font-size: 10pt;">1</span><span style="font-size: 10pt;"> and 20</span><span style="font-size: 10pt;">20</span><span style="font-size: 10pt;"> respectively related to withholding taxes for intra-group international operations.</span></span></p></ix:nonNumeric><p style="line-height: 12pt; 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font-size: 10pt;">On November 3, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the Company&#8217;s Board of Directors approved the payment of an interim dividend of $<ix:nonFraction contextRef="D20221123" name="ifrs-full:DividendsPaidOrdinarySharesPerShare" unitRef="USDPerShare" id="Tag3166" decimals="2" format="ixt:num-dot-decimal">0.17</ix:nonFraction></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;per share ($<ix:nonFraction contextRef="D20221123" name="ts:DividendsPaidPerAmericanDepositarySecurity" unitRef="USDPerShare" id="Tag3170" decimals="2" format="ixt:num-dot-decimal">0.34</ix:nonFraction></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;per ADS), or approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><ix:nonFraction contextRef="D20221123" name="ts:PaymentsForDividendsApproved" unitRef="USD" id="Tag3175" decimals="-6" scale="6" format="ixt:num-dot-decimal">201</ix:nonFraction></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, pa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">id</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> on November </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">23</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, with an ex-dividend date of November </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">21</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">On May 3, 2022, the Company&#8217;s Shareholders approved an annual dividend in the amount of $<ix:nonFraction contextRef="I20220503" name="ts:DividendsPayableAmountPerShareIncludingInterimDividend" unitRef="USDPerShare" id="Tag3168" decimals="2" format="ixt:num-dot-decimal">0.41</ix:nonFraction> per share ($<ix:nonFraction contextRef="I20220503" name="ts:DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" unitRef="USDPerShare" id="Tag3164" decimals="2" format="ixt:num-dot-decimal">0.82</ix:nonFraction> per ADS). The amount approved included the interim dividend previously paid in November 24, 2021 in the amount of $<ix:nonFraction contextRef="I20211124" name="ts:DividendsPaidAmountPerShareIncludingInterimDividend" unitRef="USDPerShare" id="Tag3162" decimals="2" format="ixt:num-dot-decimal">0.13</ix:nonFraction> per share ($<ix:nonFraction contextRef="I20211124" name="ts:DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend" unitRef="USDPerShare" id="Tag3177" decimals="2" format="ixt:num-dot-decimal">0.26</ix:nonFraction> per ADS). The balance, amounting to $<ix:nonFraction contextRef="D20220525" name="ifrs-full:DividendsPaidOrdinarySharesPerShare" unitRef="USDPerShare" id="Tag3160" decimals="2" format="ixt:num-dot-decimal">0.28</ix:nonFraction> per share ($<ix:nonFraction contextRef="D20220525" name="ts:DividendsPaidPerAmericanDepositarySecurity" unitRef="USDPerShare" id="Tag3161" decimals="2" format="ixt:num-dot-decimal">0.56</ix:nonFraction> per ADS), was paid on May 25, 2022, for an amount of approximately $<ix:nonFraction contextRef="D20220525" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag3169" decimals="-6" scale="6" format="ixt:num-dot-decimal">331</ix:nonFraction> million. In the aggregate, the interim dividend paid in November 2021 and the balance paid in May 2022 amounted to approximately $<ix:nonFraction contextRef="D20220525_3" name="ifrs-full:DividendsPaid" unitRef="USD" id="Tag3172" decimals="-6" scale="6" format="ixt:num-dot-decimal">484</ix:nonFraction> million.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">On May 3, 2021, the Company&#8217;s Shareholders approved an annual dividend in the amount of $<ix:nonFraction contextRef="I20210503" name="ts:DividendsPayableAmountPerShareIncludingInterimDividend" unitRef="USDPerShare" id="Tag3163" decimals="2" format="ixt:num-dot-decimal">0.21</ix:nonFraction> per share ($<ix:nonFraction contextRef="I20210503" name="ts:DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" unitRef="USDPerShare" id="Tag3178" decimals="2" format="ixt:num-dot-decimal">0.42</ix:nonFraction> per ADS). 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color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div style="border-left: none; border-right: none;" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;" xmlns="http://www.w3.org/1999/xhtml"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><div id="Dn35a259v0nbyxab7ym3lj" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory" id="Tag1761" escape="true"><p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; color: #003366; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">10</span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Property, plant and equipment, net</span></span></p><p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" id="Tag1760" escape="true"><div id="t_ft_KFJPHC1LE800000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; 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border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Vehicles, </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">furniture </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and fixtures </span></p></td><td style="height: 10px; 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font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Work in </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">progress </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Spare parts </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and</span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> equipment </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Cost </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Values at the beginning of the year </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_LandAndCivilBuildingsMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1831" decimals="-3" scale="3" format="ixt:num-dot-decimal">830,104</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1538" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,064,541</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1801" decimals="-3" scale="3" format="ixt:num-dot-decimal">420,930</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_ConstructionInProgressMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1849" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,429</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_SparePartsAndEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1897" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,522</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1875" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,522,526</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1871" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,601</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1813" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">71,347</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1825" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,838</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_ConstructionInProgressMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1811" decimals="-3" scale="3" format="ixt:num-dot-decimal">376</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1889" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">174</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1899" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">74,584</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember_1" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1791"></ix:nonFraction>-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember_1" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1818"></ix:nonFraction>-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember_1" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1548"></ix:nonFraction>-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_ConstructionInProgressMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1804" decimals="-3" scale="3" format="ixt:num-dot-decimal">187</ix:nonFraction></span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1853"></ix:nonFraction>-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag2032" decimals="-3" scale="3" format="ixt:num-dot-decimal">187</ix:nonFraction></span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Additions </span></p></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember_1" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1876"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember_1" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1866" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,271</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember_1" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1865" decimals="-3" scale="3" format="ixt:num-dot-decimal">734</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_ConstructionInProgressMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1859" decimals="-3" scale="3" format="ixt:num-dot-decimal">334,912</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1862" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,150</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1848" decimals="-3" scale="3" format="ixt:num-dot-decimal">346,067</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember_1" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1762" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,829</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember_1" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1530" decimals="-3" scale="3" format="ixt:num-dot-decimal">184,915</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember_1" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag2031" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,221</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_ConstructionInProgressMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1855" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">227,153</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1847"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1840" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">16,188</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember_1" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1758" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,569</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember_1" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1528" decimals="-3" scale="3" format="ixt:num-dot-decimal">322,886</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember_1" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag2063" decimals="-3" scale="3" format="ixt:num-dot-decimal">33,562</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_ConstructionInProgressMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag2059" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,372</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1867" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,972</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag2082" decimals="-3" scale="3" format="ixt:num-dot-decimal">394,361</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Values at the end of the year </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1823" decimals="-3" scale="3" format="ixt:num-dot-decimal">815,763</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1806" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,857,494</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1895" decimals="-3" scale="3" format="ixt:num-dot-decimal">402,485</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_ConstructionInProgressMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1770" decimals="-3" scale="3" format="ixt:num-dot-decimal">252,379</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_SparePartsAndEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1783" decimals="-3" scale="3" format="ixt:num-dot-decimal">55,526</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1546" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,383,647</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Depreciation and impairment </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LandAndCivilBuildingsMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag2030" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">139,941</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1907" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,199,724</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1533" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">353,639</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_ConstructionInProgressMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1543"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1554" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,421</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag2019" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,697,725</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1816" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">289</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1832" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">51,283</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1764" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,756</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_ConstructionInProgressMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1829"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1842" decimals="-3" scale="3" format="ixt:num-dot-decimal">130</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1826" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">53,198</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation charge </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" id="Tag493" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,577</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" id="Tag1785" decimals="-3" scale="3" format="ixt:num-dot-decimal">432,648</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" id="Tag1798" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,022</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_ConstructionInProgressMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1838"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" id="Tag1537" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,485</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" id="Tag1527" decimals="-3" scale="3" format="ixt:num-dot-decimal">487,732</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1886"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" id="Tag2029" decimals="-3" scale="3" format="ixt:num-dot-decimal">75,722</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" id="Tag1796" decimals="-3" scale="3" format="ixt:num-dot-decimal">321</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_ConstructionInProgressMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1893"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1892"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" id="Tag1536" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,043</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1539" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1525" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">21,506</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1774" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">215</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_ConstructionInProgressMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1553"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1817"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1551" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">21,723</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag2064" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">955</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1869" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">321,334</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1890" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">32,485</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; margin: 0px; vertical-align: bottom;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_ConstructionInProgressMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1802"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_SparePartsAndEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1535" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,421</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag2081" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">359,195</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1766" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">152,272</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1903" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,313,971</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1807" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">340,526</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_ConstructionInProgressMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1781"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_SparePartsAndEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1544" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">20,615</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1541" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,827,384</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> At December 31, 2022 </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_LandAndCivilBuildingsMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag2080" decimals="-3" scale="3" format="ixt:num-dot-decimal">663,491</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1881" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,543,523</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_VehiclesFurnitureAndFixturesMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1814" decimals="-3" scale="3" format="ixt:num-dot-decimal">61,959</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_ConstructionInProgressMember_4" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag2058" decimals="-3" scale="3" format="ixt:num-dot-decimal">252,379</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231_SparePartsAndEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1894" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,911</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1836" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,556,263</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0pt 0pt 0pt 35pt; text-align: justify; text-indent: -35pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup>(*)</sup><span style="border-right: none; border-left: none;">Related to Parques E&#243;licos de la Buena Ventura S.A. acquisition, for more information see note </span><span style="border-left: none; border-right: none;">33</span><span style="border-right: none; border-left: none;"> to these Consolidated Financial Statements.</span></span></p><p style="margin: 0pt; line-height: 1.2;"><br/></p><div style="line-height: 1.2;"><div id="t_ft_YRR9GQAXJ400000000000000000000b"><ix:exclude><div style="line-height: 1.2;" xmlns="http://www.w3.org/1999/xhtml"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; color: #000000; line-height: inherit;" class="pageno">F-<span style="border-left: none; border-right: none;">43</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_0TD29BWRC000000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended <span style="border-left: none; border-right: none;">2022</span>, <span style="border-left: none; border-right: none;">2021</span> and <span style="border-left: none; border-right: none;">2020</span> - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="margin: 0px; text-align: justify; text-indent: 0px; line-height: 1.2;" xmlns="http://www.w3.org/1999/xhtml"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p></ix:exclude></div></div><div id="t_ft_U1X18FGVAO00000000000000000000b"><table cellpadding="0" style="height: 252px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 51px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 51px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; padding: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Land and </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">civil </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Industrial </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings, </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">plant </span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">production </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">equipment </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Vehicles, furniture </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and fixtures </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Work in </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">progress </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Spare parts </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">equipment </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="white-space: nowrap; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px; background-color: #cceeff; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Cost </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Values at the beginning of the year </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember_LandAndCivilBuildingsMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1884" decimals="-3" scale="3" format="ixt:num-dot-decimal">839,584</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1846" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,079,545</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1844" decimals="-3" scale="3" format="ixt:num-dot-decimal">414,757</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember_ConstructionInProgressMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1771" decimals="-3" scale="3" format="ixt:num-dot-decimal">102,226</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember_SparePartsAndEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1835" decimals="-3" scale="3" format="ixt:num-dot-decimal">61,893</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1799" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,498,005</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_LandAndCivilBuildingsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1809" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,084</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1830" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">138,839</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1812" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,042</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_ConstructionInProgressMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1767" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">365</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_SparePartsAndEquipmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag2065" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">569</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1803" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">149,899</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Additions </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_LandAndCivilBuildingsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag2939" decimals="-3" scale="3" format="ixt:num-dot-decimal">8</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1858" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,238</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1792" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,171</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_ConstructionInProgressMember_1" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag2034" decimals="-3" scale="3" format="ixt:num-dot-decimal">192,470</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_SparePartsAndEquipmentMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1772" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,830</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" unitRef="USD" id="Tag1815" decimals="-3" scale="3" format="ixt:num-dot-decimal">213,717</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_LandAndCivilBuildingsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1861" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,448</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1841" decimals="-3" scale="3" format="ixt:num-dot-decimal">148,037</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1775" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,688</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_ConstructionInProgressMember_1" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1850" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">146,752</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_SparePartsAndEquipmentMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1778"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" unitRef="USD" id="Tag1870" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,421</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Decrease due to sale of subsidiaries<span style="font-size: 8pt;"><sup> (*)</sup></span></span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_LandAndCivilBuildingsMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" id="Tag1800" decimals="-3" scale="3" format="ixt:num-dot-decimal">200</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" id="Tag1773" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,310</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" id="Tag1845" decimals="-3" scale="3" format="ixt:num-dot-decimal">62</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_ConstructionInProgressMember_1" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1797"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_SparePartsAndEquipmentMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1887"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" id="Tag1902" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,572</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_LandAndCivilBuildingsMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1873" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,652</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag2060" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,130</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag2023" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,582</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_ConstructionInProgressMember_1" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1793" decimals="-3" scale="3" format="ixt:num-dot-decimal">150</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_SparePartsAndEquipmentMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1549" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,632</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1534" decimals="-3" scale="3" format="ixt:num-dot-decimal">56,146</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Values at the end of the year </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_LandAndCivilBuildingsMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1552" decimals="-3" scale="3" format="ixt:num-dot-decimal">830,104</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1780" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,064,541</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1906" decimals="-3" scale="3" format="ixt:num-dot-decimal">420,930</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_ConstructionInProgressMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1872" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,429</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_SparePartsAndEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1545" decimals="-3" scale="3" format="ixt:num-dot-decimal">59,522</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1898" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,522,526</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Depreciation and impairment </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_LandAndCivilBuildingsMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1759" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">132,458</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1550" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,830,120</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag2021" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">342,246</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_ConstructionInProgressMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1312"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1878"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1822" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,304,824</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LandAndCivilBuildingsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1888" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,292</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1782" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">97,236</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag1805" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,621</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ConstructionInProgressMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1540"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1763"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" unitRef="USD" id="Tag2020" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">103,149</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation charge </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LandAndCivilBuildingsMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" id="Tag1768" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,736</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" id="Tag2033" decimals="-3" scale="3" format="ixt:num-dot-decimal">440,316</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" id="Tag2940" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,715</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ConstructionInProgressMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1531"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1833"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationPropertyPlantAndEquipment" unitRef="USD" id="Tag1857" decimals="-3" scale="3" format="ixt:num-dot-decimal">471,767</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LandAndCivilBuildingsMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1828"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" id="Tag1769" decimals="-3" scale="3" format="ixt:num-dot-decimal">51,470</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" id="Tag1900" decimals="-3" scale="3" format="ixt:num-dot-decimal">780</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ConstructionInProgressMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1776"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" id="Tag1864" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,421</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" unitRef="USD" id="Tag1896" decimals="-3" scale="3" format="ixt:num-dot-decimal">56,671</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Decrease due to sale of subsidiaries <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LandAndCivilBuildingsMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1868"></ix:nonFraction>-</span></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" id="Tag268" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">567</ix:nonFraction></span></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" id="Tag1547" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">53</ix:nonFraction></span></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_ConstructionInProgressMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1794"></ix:nonFraction>-</span></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1827"></ix:nonFraction>-</span></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment" unitRef="USD" id="Tag1901" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">620</ix:nonFraction></span></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LandAndCivilBuildingsMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1852" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">961</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1532" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">24,379</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1795" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,428</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_ConstructionInProgressMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1834"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1891"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DisposalsAndRetirementsPropertyPlantAndEquipment" unitRef="USD" id="Tag1784" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">31,768</ix:nonFraction></span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LandAndCivilBuildingsMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1820" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">139,941</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1765" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,199,724</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1779" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">353,639</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_ConstructionInProgressMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" xsi:nil="true" id="Tag1808"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1879" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,421</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1926" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,697,725</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> At December 31, 2021 </span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_LandAndCivilBuildingsMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1787" decimals="-3" scale="3" format="ixt:num-dot-decimal">690,163</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1856" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,864,817</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_VehiclesFurnitureAndFixturesMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1824" decimals="-3" scale="3" format="ixt:num-dot-decimal">67,291</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_ConstructionInProgressMember_1" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1788" decimals="-3" scale="3" format="ixt:num-dot-decimal">147,429</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231_SparePartsAndEquipmentMember" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag1542" decimals="-3" scale="3" format="ixt:num-dot-decimal">55,101</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:PropertyPlantAndEquipment" unitRef="USD" id="Tag2022" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,824,801</ix:nonFraction></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(*)</span>&#160;Related to Geneva sale. 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border-right: none;"><table cellpadding="0" style="height: 285px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; 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text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1699" decimals="-3" scale="3" format="ixt:num-dot-decimal">650,155</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1688" decimals="-3" scale="3" format="ixt:num-dot-decimal">547,527</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1638" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,468,638</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1686" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,211,151</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1971" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,877,471</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1737" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,626</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1698"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1717" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,088</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1660"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1724" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,538</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Increase due to business combinations <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(**)</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1751"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1676" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,019</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1975"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1729"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1677" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,019</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1679" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,427</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1572" decimals="-3" scale="3" format="ixt:num-dot-decimal">952</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" xsi:nil="true" id="Tag1727"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" xsi:nil="true" id="Tag1574"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1662" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,379</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1646" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,535</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1730"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1748"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1667"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1697" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,535</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disposals<span style="font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(***)</span></span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1696" decimals="-3" scale="3" format="ixt:num-dot-decimal">58,947</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1648" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,507</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1734"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1582" decimals="-3" scale="3" format="ixt:num-dot-decimal">449,109</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1641" decimals="-3" scale="3" format="ixt:num-dot-decimal">509,563</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1665" decimals="-3" scale="3" format="ixt:num-dot-decimal">614,474</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1674" decimals="-3" scale="3" format="ixt:num-dot-decimal">550,991</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1666" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,469,726</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1712" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,762,042</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1571" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,397,233</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1962" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">599,307</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1714" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">391,223</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1973" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,383,994</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1700" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,130,771</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1560" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,505,295</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1977" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,496</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1721"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1981"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1664"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1708" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,496</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1695" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,218</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1711" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,701</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" xsi:nil="true" id="Tag1689"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1744" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,853</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1976" decimals="-3" scale="3" format="ixt:num-dot-decimal">70,772</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1710" decimals="-3" scale="3" format="ixt:num-dot-decimal">2</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1713"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1743" decimals="-3" scale="3" format="ixt:num-dot-decimal">680</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1738"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1753" decimals="-3" scale="3" format="ixt:num-dot-decimal">682</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disposals <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(***)</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1570" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">58,912</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1563" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,507</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1564"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1576" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">449,109</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1969" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">509,528</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1568" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">561,119</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1964" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">398,417</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1706" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,384,674</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1678" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,720,515</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1747" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,064,725</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2022 </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1670" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,355</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1578" decimals="-3" scale="3" format="ixt:num-dot-decimal">152,574</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1719" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,085,052</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1680" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,527</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1749" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,332,508</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(*) </span></sub><span><ix:footnote xml:lang="en-US" id="footnote31" footnoteRole="http://www.xbrl.org/2003/role/footnote">Includes Proprietary Technology.</ix:footnote></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(**) </span></sub><span><ix:footnote xml:lang="en-US" id="footnote33" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">Related to Parques E&#243;licos de la Buena Ventura S.A. acquisition, for more information see note </span><span style="border-left: none; border-right: none;">33</span><span style="border-right: none; border-left: none;"> to these Consolidated Financial Statements.</span></ix:footnote></span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(***) </span></sub><span><ix:footnote xml:lang="en-US" id="footnote32" footnoteRole="http://www.xbrl.org/2003/role/footnote">Mainly related to fully depreciated assets following the deconsolidation of a Canadian subsidiary of the Company.</ix:footnote></span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 282px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Licenses, patents and trademarks <span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Customer relationships </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cost </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1687" decimals="-3" scale="3" format="ixt:num-dot-decimal">637,352</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1639" decimals="-3" scale="3" format="ixt:num-dot-decimal">550,500</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1663" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,469,962</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1566" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,211,151</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1642" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,868,965</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1739" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,466</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1669" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">151</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1978" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,324</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1972"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1974" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,941</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1562" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,830</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1580" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,971</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" xsi:nil="true" id="Tag1963"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" xsi:nil="true" id="Tag1741"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1704" decimals="-3" scale="3" format="ixt:num-dot-decimal">25,801</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1968" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,902</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1647" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,637</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1584"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1731"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1726" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,539</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1965" decimals="-3" scale="3" format="ixt:num-dot-decimal">659</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1755" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,156</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1672"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1661"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1658" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,815</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1649" decimals="-3" scale="3" format="ixt:num-dot-decimal">650,155</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1567" decimals="-3" scale="3" format="ixt:num-dot-decimal">547,527</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1694" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,468,638</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1683" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,211,151</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1754" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,877,471</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1756" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">577,359</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1733" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">382,531</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1745" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,383,994</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1728" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,096,025</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1659" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,439,909</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1740" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,014</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1579"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1651"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1675"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1723" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,014</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1681" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,072</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1966" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,701</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" xsi:nil="true" id="Tag1640"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1705" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,746</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:AmortisationIntangibleAssetsOtherThanGoodwill" unitRef="USD" id="Tag1561" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,519</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1702" decimals="-3" scale="3" format="ixt:num-dot-decimal">404</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1961"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1709"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1565"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1682" decimals="-3" scale="3" format="ixt:num-dot-decimal">404</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1718" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">514</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1569" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">9</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1725"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" xsi:nil="true" id="Tag1644"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DisposalsIntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1581" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">523</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1668" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">599,307</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1583" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">391,223</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1693" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,383,994</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1750" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,130,771</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1707" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,505,295</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_InformationSystemProjectsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1735" decimals="-3" scale="3" format="ixt:num-dot-decimal">50,848</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_LicensesPatentsAndTrademarksMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1643" decimals="-3" scale="3" format="ixt:num-dot-decimal">156,304</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_GoodwillMember_1" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1716" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,084,644</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_CustomerrelatedIntangibleAssetsMember" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1671" decimals="-3" scale="3" format="ixt:num-dot-decimal">80,380</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:IntangibleAssetsAndGoodwill" unitRef="USD" id="Tag1742" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,372,176</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(*) </span></sub><span style="border-right: none; border-left: none;">Includes Proprietary Technology.</span></span></p></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-45</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" xmlns="http://www.w3.org/1999/xhtml"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="margin: 0pt; text-align: justify; line-height: 1.2;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude><span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;">The geographical allocation of goodwill for the year ended December 31, 2022 was $</span><ix:nonFraction contextRef="I20221231_NorthAmericaMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1652" decimals="-5" scale="6" format="ixt:num-dot-decimal">939.2</ix:nonFraction><span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"> million for North America, $</span><ix:nonFraction contextRef="I20221231_SouthAmericaMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1732" decimals="-6" scale="6" format="ixt:num-dot-decimal">111</ix:nonFraction><span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"> million for South America, $</span><ix:nonFraction contextRef="I20221231_MiddleEastAndAfricaMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1577" decimals="-6" scale="6" format="ixt:num-dot-decimal">33</ix:nonFraction><span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"> million for Middle East &amp; Africa and $</span><ix:nonFraction contextRef="I20221231_EuropeMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1757" decimals="-5" scale="6" format="ixt:num-dot-decimal">1.9</ix:nonFraction><span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"> million for Europe.</span><br/></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The carrying amount of goodwill allocated by CGU, as of December 31, 2022, was as follows:</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory" id="Tag1516" escape="true"><table cellpadding="0" style="height: 136px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (all amounts in millions of U.S. dollars) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Tubes Segment </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> CGU </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hydril Acquisition </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tamsa (Hydril and other) </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TamsaHydrilAndOtherMember_TubesMember_HydrillAcquisitionMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1701" decimals="-6" scale="6" format="ixt:num-dot-decimal">346</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TamsaHydrilAndOtherMember_TubesMember_OtherBusinessCombinationsMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1645" decimals="-6" scale="6" format="ixt:num-dot-decimal">19</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TubesMember_TamsaHydrilAndOtherMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1715" decimals="-6" scale="6" format="ixt:num-dot-decimal">365</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Siderca (Hydril and other) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_SidercaHydrilAndOtherMember_TubesMember_HydrillAcquisitionMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1970" decimals="-6" scale="6" format="ixt:num-dot-decimal">265</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_SidercaHydrilAndOtherMember_TubesMember_OtherBusinessCombinationsMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1573" decimals="-6" scale="6" format="ixt:num-dot-decimal">93</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TubesMember_SidercaHydrilAndOtherMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1720" decimals="-6" scale="6" format="ixt:num-dot-decimal">358</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hydril </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_HydrilMember_TubesMember_HydrillAcquisitionMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1736" decimals="-6" scale="6" format="ixt:num-dot-decimal">309</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_HydrilMember_TubesMember_OtherBusinessCombinationsMember" name="ifrs-full:Goodwill" unitRef="USD" xsi:nil="true" id="Tag1746"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TubesMember_HydrilMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1752" decimals="-6" scale="6" format="ixt:num-dot-decimal">309</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherCguMember_TubesMember_HydrillAcquisitionMember" name="ifrs-full:Goodwill" unitRef="USD" xsi:nil="true" id="Tag1575"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherCguMember_TubesMember_OtherBusinessCombinationsMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1722" decimals="-6" scale="6" format="ixt:num-dot-decimal">53</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TubesMember_OtherCguMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1650" decimals="-6" scale="6" format="ixt:num-dot-decimal">53</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TubesMember_HydrillAcquisitionMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1967" decimals="-6" scale="6" format="ixt:num-dot-decimal">920</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TubesMember_OtherBusinessCombinationsMember" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1703" decimals="-6" scale="6" format="ixt:num-dot-decimal">165</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Goodwill" unitRef="USD" id="Tag1685" decimals="-6" scale="6" format="ixt:num-dot-decimal">1,085</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><br/></p></div><div id="D2h8ekrg2bhzxlpy3j2q2nn" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfLeasesExplanatory" id="Tag3109" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">12</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Right-of-use assets, net and lease liabilities</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; color: #000000;">Right of use assets evolution</span></p><p style="line-height: 12pt; margin: 0pt;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" id="Tag2035" escape="true"><div id="t_ft_4R1STZ133400000000000000000000b"><table cellpadding="0" style="height: 342px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 70px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 70px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Year ended December 31, 2022 </span></p></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Land and Civil Buildings </span></p></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; height: 70px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Industrial Buildings, Plant and Production Equipment </span></p></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Vehicles, furniture and fixtures </span></p></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Others </span></p></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Total </span></p></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Cost </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Opening net book amount </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1067" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,082</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2028" decimals="-3" scale="3" format="ixt:num-dot-decimal">131,816</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1055" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,256</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_OtherAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" xsi:nil="true" id="Tag2057"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2942" decimals="-3" scale="3" format="ixt:num-dot-decimal">198,154</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag2076" decimals="-3" scale="3" format="ixt:num-dot-decimal">52</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag2036" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">414</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1066" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">417</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_OtherAssetsMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag1526"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag2018" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">779</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="USD" id="Tag2079" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,872</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="USD" id="Tag1101" decimals="-3" scale="3" format="ixt:num-dot-decimal">31,778</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="USD" id="Tag2043" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,674</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_OtherAssetsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="USD" id="Tag1851" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,182</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="USD" id="Tag1880" decimals="-3" scale="3" format="ixt:num-dot-decimal">56,506</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag2062" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,166</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag1854" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,317</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag1095" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,483</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_OtherAssetsMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag2056"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag1074"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag2953" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,270</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1839" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,186</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1109" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,705</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_OtherAssetsMember_GrossCarryingAmountMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag2066"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_GrossCarryingAmountMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1063" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,161</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2022 </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1874" decimals="-3" scale="3" format="ixt:num-dot-decimal">43,570</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2049" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,677</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2957" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,291</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_OtherAssetsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1837" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,182</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1071" decimals="-3" scale="3" format="ixt:num-dot-decimal">200,720</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Depreciation </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2039" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">24,005</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1092" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">54,727</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2986" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,684</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_OtherAssetsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" xsi:nil="true" id="Tag1094"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1077" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">89,416</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1057" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">9</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag2052" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">139</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1885" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">251</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_OtherAssetsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag1091"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1098" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">399</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Depreciation charge </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationRightofuseAssets" unitRef="USD" id="Tag2053" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,965</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationRightofuseAssets" unitRef="USD" id="Tag2017" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,767</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationRightofuseAssets" unitRef="USD" id="Tag2950" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,277</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_OtherAssetsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationRightofuseAssets" unitRef="USD" id="Tag2078" decimals="-3" scale="3" format="ixt:num-dot-decimal">210</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationRightofuseAssets" unitRef="USD" id="Tag1053" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,219</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag1089" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,974</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag1090" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,431</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag2040" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,543</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_OtherAssetsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag2051"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag2074"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag2947" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,054</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1087" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,992</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1877" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,211</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_OtherAssetsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag2072"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag2073" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,257</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2985" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18,933</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2945" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">52,794</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2015" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">17,042</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_OtherAssetsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1843" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">210</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1096" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">88,979</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2022 </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_LandAndCivilBuildingsMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2070" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,637</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1073" decimals="-3" scale="3" format="ixt:num-dot-decimal">72,883</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_VehiclesFurnitureAndFixturesMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2951" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,249</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231_OtherAssetsMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1062" decimals="-3" scale="3" format="ixt:num-dot-decimal">972</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2943" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,741</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0pt;"><br/></p><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><div id="t_ft_C9T3GP2IU800000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; color: #000000;" class="pageno">F-<span style="border-left: none; border-right: none;">46</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_DWCKY0P8W000000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt;" xmlns="http://www.w3.org/1999/xhtml"><span style="font-family: 'times new roman', times; color: #000000;"><span style="font-size: 10pt;">&#160;</span></span></p></ix:exclude></div><div id="t_ft_Q45JFIX54000000000000000000000b"><table cellpadding="0" style="height: 307px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 35px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 35px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Year ended December 31, 2021 </span></p></td><td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Land and Civil Buildings </span></p></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 10.0284%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Industrial Buildings, Plant and Production Equipment </span></p></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Vehicles, furniture and fixtures </span></p></td><td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Total </span></p></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Cost </span></p></td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Opening net book amount </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20201231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2025" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,932</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20201231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1059" decimals="-3" scale="3" format="ixt:num-dot-decimal">273,358</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20201231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1883" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,615</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20201231_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2075" decimals="-3" scale="3" format="ixt:num-dot-decimal">333,905</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag2071" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">187</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1083" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">592</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1904" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">560</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1054" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,339</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="USD" id="Tag1103" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,010</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="USD" id="Tag2037" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,127</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="USD" id="Tag2948" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,189</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ifrs-full:AdditionsToRightofuseAssets" unitRef="USD" id="Tag1905" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,326</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag1111"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag2038" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">274</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag2077" decimals="-3" scale="3" format="ixt:num-dot-decimal">277</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag1065" decimals="-3" scale="3" format="ixt:num-dot-decimal">3</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Disposals <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag2054" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,673</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1060" decimals="-3" scale="3" format="ixt:num-dot-decimal">150,803</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag2941" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,265</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_GrossCarryingAmountMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1076" decimals="-3" scale="3" format="ixt:num-dot-decimal">156,741</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_LandAndCivilBuildingsMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1882" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,082</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1810" decimals="-3" scale="3" format="ixt:num-dot-decimal">131,816</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1108" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,256</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_GrossCarryingAmountMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2055" decimals="-3" scale="3" format="ixt:num-dot-decimal">198,154</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Depreciation </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20201231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1088" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">15,142</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20201231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2955" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">67,993</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20201231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2026" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,817</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1100" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">91,952</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag2956" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">37</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1072" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">177</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1068" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">260</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" unitRef="USD" id="Tag1099" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">474</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Depreciation charge </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationRightofuseAssets" unitRef="USD" id="Tag2047" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,882</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationRightofuseAssets" unitRef="USD" id="Tag2048" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,964</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationRightofuseAssets" unitRef="USD" id="Tag1058" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,589</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:DepreciationRightofuseAssets" unitRef="USD" id="Tag2050" decimals="-3" scale="3" format="ixt:num-dot-decimal">51,435</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" xsi:nil="true" id="Tag1107"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag2041" decimals="-3" scale="3" format="ixt:num-dot-decimal">96</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag1056" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">93</ix:nonFraction>) </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" unitRef="USD" id="Tag2949" decimals="-3" scale="3" format="ixt:num-dot-decimal">3</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Disposals <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1075" decimals="-3" scale="3" format="ixt:num-dot-decimal">982</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag2069" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,149</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1860" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,369</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag2044" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,500</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1086" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">24,005</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1079" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">54,727</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1821" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,684</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1078" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">89,416</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_LandAndCivilBuildingsMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1081" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,077</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag1529" decimals="-3" scale="3" format="ixt:num-dot-decimal">77,089</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231_VehiclesFurnitureAndFixturesMember" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2067" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,572</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:RightofuseAssets" unitRef="USD" id="Tag2954" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,738</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 9pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(*)&#160;</sup></span><span><ix:footnote xml:lang="en-US" id="footnote34" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">Includes net disposals of $</span><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_NkktubesMember_LeaseAgreementMember" name="ts:DisposalsConsumptionsRightOfUseAssets" unitRef="USD" id="Tag1061" decimals="-5" scale="6" format="ixt:num-dot-decimal">96.6</ix:nonFraction></span><span style="border-right: none; border-left: none;"> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</span></ix:footnote></span></span></p></ix:nonNumeric><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Depreciation of right-of-use assets is mainly included in Tubes segment.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 8pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; color: #000000;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">Lease liability evolution</span></span></p><p style="line-height: 10pt; margin: 0pt;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:LeaseLiabilityEvolutionTextBlock" id="Tag1116" escape="true"><div id="t_ft_GQ29F57IGW00000000000000000000b"><table cellpadding="0" style="height: 153px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">2022</span></p></td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">2021</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Opening net book amount</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:LeaseLiabilities" unitRef="USD" id="Tag2045" decimals="-3" scale="3" format="ixt:num-dot-decimal">117,285</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:LeaseLiabilities" unitRef="USD" id="Tag2061" decimals="-3" scale="3" format="ixt:num-dot-decimal">257,343</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Translation differences </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:LeaseLiabilitiesTranslationDifferences" unitRef="USD" id="Tag2027" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,922</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:LeaseLiabilitiesTranslationDifferences" unitRef="USD" id="Tag1110" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11,350</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:LeaseLiabilitiesAdditions" unitRef="USD" id="Tag1070" decimals="-3" scale="3" format="ixt:num-dot-decimal">56,459</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20211231_3" name="ts:LeaseLiabilitiesAdditions" unitRef="USD" id="Tag2068" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,261</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Cancellations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:LeaseLiabilitiesCancellations" unitRef="USD" id="Tag1069" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,207</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:LeaseLiabilitiesCancellations" unitRef="USD" id="Tag2016" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,329</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Repayments <span style="font-size: 8pt;"><sup>(**)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:LeaseLiabilitiesRepayments" unitRef="USD" id="Tag1085" decimals="-3" scale="3" format="ixt:num-dot-decimal">55,874</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:LeaseLiabilitiesRepayments" unitRef="USD" id="Tag2042" decimals="-3" scale="3" format="ixt:num-dot-decimal">50,998</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Interest accrued </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"><ix:nonFraction contextRef="D20221231_3" name="ts:LeaseLiabilitiesInterestAccrued" unitRef="USD" id="Tag2946" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,436</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; 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padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:LeaseLiabilities" unitRef="USD" id="Tag1106" decimals="-3" scale="3" format="ixt:num-dot-decimal">112,177</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; 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font-size: 12pt; color: #000000;">&#160;</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(*)&#160;</sup></span><span><ix:footnote xml:lang="en-US" id="footnote35" footnoteRole="http://www.xbrl.org/2003/role/footnote">For <span style="border-left: none; border-right: none;">2021</span>, includes $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_NkktubesMember_LeaseAgreementMember" name="ts:LeaseLiabilitiesCancellations" unitRef="USD" id="Tag2944" decimals="-5" scale="6" format="ixt:num-dot-decimal">95.8</ix:nonFraction></span> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</ix:footnote></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(**)&#160;</sup></span><span><ix:footnote xml:lang="en-US" id="footnote36" footnoteRole="http://www.xbrl.org/2003/role/footnote">For <span style="border-left: none; border-right: none;">2022</span> includes repayments of $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_3" name="ts:LeaseLiabilitiesCapitalRepayments" unitRef="USD" id="Tag1102" decimals="-5" scale="6" format="ixt:num-dot-decimal">52.4</ix:nonFraction></span> million in capital and $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:InterestExpenseOnLeaseLiabilities" unitRef="USD" id="Tag1863" decimals="-5" scale="6" format="ixt:num-dot-decimal">3.5</ix:nonFraction></span> million of interest, and for <span style="border-left: none; border-right: none;">2021</span> includes repayments of $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_3" name="ts:LeaseLiabilitiesCapitalRepayments" unitRef="USD" id="Tag2046" decimals="-5" scale="6" format="ixt:num-dot-decimal">48.5</ix:nonFraction></span> million in capital and $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:InterestExpenseOnLeaseLiabilities" unitRef="USD" id="Tag1104" decimals="-5" scale="6" format="ixt:num-dot-decimal">2.5</ix:nonFraction></span> million of interest.</ix:footnote></span></span></p></ix:nonNumeric><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">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 <ix:nonFraction contextRef="I20221231_NotLaterThanOneYearMember" name="ts:RemainingLeasePaymentsToBeMadePercentage" unitRef="Pure" id="Tag1097" decimals="3" scale="-2" format="ixt:num-dot-decimal">25.5</ix:nonFraction>%, <ix:nonFraction contextRef="I20221231_LaterThanOneYearAndNotLaterThanFiveYearsMember" name="ts:RemainingLeasePaymentsToBeMadePercentage" unitRef="Pure" id="Tag1105" decimals="3" scale="-2" format="ixt:num-dot-decimal">47.5</ix:nonFraction>% and <ix:nonFraction contextRef="I20221231_LaterThanFiveYearsMember" name="ts:RemainingLeasePaymentsToBeMadePercentage" unitRef="Pure" id="Tag1080" decimals="2" scale="-2" format="ixt:num-dot-decimal">27</ix:nonFraction>%, respectively. </span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">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 <ix:nonFraction contextRef="I20211231_NotLaterThanOneYearMember" name="ts:RemainingLeasePaymentsToBeMadePercentage" unitRef="Pure" id="Tag1082" decimals="3" scale="-2" format="ixt:num-dot-decimal">29.5</ix:nonFraction>%, <ix:nonFraction contextRef="I20211231_LaterThanOneYearAndNotLaterThanFiveYearsMember" name="ts:RemainingLeasePaymentsToBeMadePercentage" unitRef="Pure" id="Tag1093" decimals="3" scale="-2" format="ixt:num-dot-decimal">33.6</ix:nonFraction>% and <ix:nonFraction contextRef="I20211231_LaterThanFiveYearsMember" name="ts:RemainingLeasePaymentsToBeMadePercentage" unitRef="Pure" id="Tag1084" decimals="3" scale="-2" format="ixt:num-dot-decimal">36.9</ix:nonFraction>%, respectively.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Expenses related to short-term leases, leases of low value assets and variable leases (included in <span style="font-style: italic;">cost of sales and selling, general and administrative expense</span><span style="font-style: italic;">s</span>) were not material for the years 2022 and 2021.</span></p></ix:nonNumeric><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><div><div id="t_ft_CSLL2S9PNK00000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; color: #000000;" class="pageno">F-<span style="border-left: none; border-right: none;">47</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_NJAKBB18W000000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div><div id="Dnb1lp4dzvknewycigq6zs" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory" id="Tag2206" escape="true"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">13</span></span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Investments in </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">non-consolidated</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"> companies</span></span></p><p style="margin: 0pt; line-height: 1.2;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfUnconsolidatedStructuredEntitiesExplanatory" id="Tag2216" escape="true"><div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_119CT6OBTC00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 139px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; width: 22.0238%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9345%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 9.97024%; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2113" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,383,774</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.97024%; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2126" decimals="-3" scale="3" format="ixt:num-dot-decimal">957,352</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.4881%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Translation differences </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies" unitRef="USD" id="Tag2093" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,336</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies" unitRef="USD" id="Tag1921" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,085</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" unitRef="USD" id="Tag2210" decimals="-3" scale="3" format="ixt:num-dot-decimal">242,743</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" unitRef="USD" id="Tag3065" decimals="-3" scale="3" format="ixt:num-dot-decimal">512,591</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Impairment loss in non-consolidated companies <span style="font-size: 8pt;"><sup><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" unitRef="USD" id="Tag2157" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">34,041</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"><p style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">)</p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" unitRef="USD" xsi:nil="true" id="Tag2160"></ix:nonFraction> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1.4881%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dividends and distributions declared <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(**)</span></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:DividendsDeclaredByNonconsolidatedCompanies" unitRef="USD" id="Tag2208" decimals="-3" scale="3" format="ixt:num-dot-decimal">64,189</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:DividendsDeclaredByNonconsolidatedCompanies" unitRef="USD" id="Tag2137" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,926</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.4881%; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Increase in equity reserves and others </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_3" name="ts:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" unitRef="USD" id="Tag2112" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,023</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_3" name="ts:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" unitRef="USD" id="Tag1910" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,842</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2221" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,540,646</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag3048" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,383,774</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div></div><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(<span style="font-size: 9pt;">*)&#160;</span></span><span><ix:footnote xml:lang="en-US" id="footnote38" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Includes an impairment of $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_UsiminasMember" name="ts:ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" unitRef="USD" id="Tag2138" decimals="-5" scale="6" format="ixt:num-dot-decimal">19.1</ix:nonFraction></span> million related to the investment in Usiminas and $<ix:nonFraction contextRef="D20221231_PAOPSeverstalMember" name="ts:ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" unitRef="USD" id="Tag2139" decimals="-5" scale="6" format="ixt:num-dot-decimal">14.9</ix:nonFraction> million related to the joint venture with</span><span style="line-height: inherit;"> PAO</span><span style="line-height: inherit;"> Severstal</span><span style="line-height: inherit;"> (&#8220;Severstal&#8221;)</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"> For more information see note </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">6</span></span><span style="line-height: inherit;">.</span></span></ix:footnote></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(**)&#160;</span><span><ix:footnote xml:lang="en-US" id="footnote39" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Related to Ternium</span><span style="line-height: inherit;"> and Usiminas</span><span style="line-height: inherit;">. During </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">202</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2</span></span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">20</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1</span></span></span><span style="line-height: inherit;"> $</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_TerniumAndUsiminasMember" name="ts:DividendsDeclaredByNonconsolidatedCompanies" unitRef="USD" id="Tag2209" decimals="-5" scale="6" format="ixt:num-dot-decimal">66.2</ix:nonFraction></span></span><span style="line-height: inherit;">&#160;million and</span><span style="line-height: inherit;">$</span><span style="border-left: none; border-right: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_TerniumAndUsiminasMember" name="ts:DividendsDeclaredByNonconsolidatedCompanies" unitRef="USD" id="Tag2183" decimals="-5" scale="6" format="ixt:num-dot-decimal">75.9</ix:nonFraction></span></span></span></span><span style="line-height: inherit;"> million</span><span style="line-height: inherit;"> respectively</span><span style="line-height: inherit;"> were collected</span><span style="line-height: inherit;">.</span></span></ix:footnote></span></span></p></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt 0pt 0pt 4.3pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The principal </span><span style="font-size: 10pt; line-height: inherit;">non-consolidated</span><span style="font-size: 10pt; line-height: inherit;"> companies are:</span></span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock" id="Tag3110" escape="true"><div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_ONKABFDIWW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 115px; text-indent: 0px;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> % ownership at December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Book value at December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Country of incorporation </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 29%; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">a) Ternium <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 30%; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Luxembourg </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_LU_TerniumSAMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag2211" decimals="4" scale="-2" format="ixt:num-dot-decimal">11.46</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_LU_TerniumSAMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag2144" decimals="4" scale="-2" format="ixt:num-dot-decimal">11.46</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_LU_TerniumSAMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2097" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,363,607</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_LU_TerniumSAMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2096" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,210,206</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">b) Usiminas <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(**)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brazil </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_BR_UsiminasMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag2103" decimals="4" scale="-2" format="ixt:num-dot-decimal">3.07</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_BR_UsiminasMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag2214" decimals="4" scale="-2" format="ixt:num-dot-decimal">3.07</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_BR_UsiminasMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2146" decimals="-3" scale="3" format="ixt:num-dot-decimal">109,534</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_BR_UsiminasMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2218" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,106</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> c) Techgen </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mexico </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TechgenSAMember_MX" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag1915" decimals="4" scale="-2" format="ixt:num-dot-decimal">22.00</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_MX_TechgenSAMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag2129" decimals="4" scale="-2" format="ixt:num-dot-decimal">22.00</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_MX_TechgenSAMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2108" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,506</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_MX_TechgenSAMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2156" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,397</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> d) Global Pipe Company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Saudi Arabia </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_SA_GlobalPipeCompanyMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag2148" decimals="4" scale="-2" format="ixt:num-dot-decimal">35.00</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_SA_GlobalPipeCompanyMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag3061" decimals="4" scale="-2" format="ixt:num-dot-decimal">35.00</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_SA_GlobalPipeCompanyMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag3" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,022</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_SA_GlobalPipeCompanyMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2154" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,523</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160;&#160;&#160;&#160; Others </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OtherMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2161" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,977</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_OtherMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag1912" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,542</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2122" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,540,646</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2110" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,383,774</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div></div><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(*)&#160;</span><span><ix:footnote xml:lang="en-US" id="footnote37" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="line-height: inherit;">Including treasury shares.</span></ix:footnote></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(**) </span>&#160;<span><ix:footnote xml:lang="en-US" id="footnote40" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">At December 31,</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">1</span></span><span style="line-height: inherit;">the voting rights were </span><span style="border-right: none; border-left: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_UsiminasMember" name="ifrs-full:ProportionOfVotingPowerHeldInAssociate" unitRef="Pure" id="Tag2152" decimals="4" scale="-2" format="ixt:num-dot-decimal">5.19</ix:nonFraction></span></span></span><span style="line-height: inherit;">%</span><span style="line-height: inherit;">.</span></span></span></ix:footnote></span></span></p></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;">a) Ternium</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Ternium</span><span style="font-size: 10pt; line-height: inherit;"> is a steel producer with production facilities in Mexico,</span><span style="font-size: 10pt; line-height: inherit;"> Brazil, </span><span style="font-size: 10pt; line-height: inherit;">Argentina, Colombia,</span><span style="font-size: 10pt; line-height: inherit;"> the Southern</span><span style="font-size: 10pt; line-height: inherit;"> Un</span><span style="font-size: 10pt; line-height: inherit;">ited States and </span><span style="font-size: 10pt; line-height: inherit;">Central America</span><span style="font-size: 10pt; line-height: inherit;"> and</span><span style="font-size: 10pt; line-height: inherit;"> is one of </span><span style="font-size: 10pt; line-height: inherit;">Tenaris&#8217;s</span><span style="font-size: 10pt; line-height: inherit;"> main suppliers of round steel bars and flat steel products for its pipes business.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">At December 31, 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, the closing price of Ternium&#8217;s ADSs as quoted on the New York </span><span style="font-size: 10pt; line-height: inherit;">Stock Exchange was</span><span style="font-size: 10pt; line-height: inherit;"> $</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ts:ClosingPricePerAmericanDepositarySecurity" unitRef="USDPerShare" id="Tag2098" decimals="2" format="ixt:num-dot-decimal">30.56</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;"> per ADS, giving </span><span style="font-size: 10pt; line-height: inherit;">Tenaris&#8217;s</span><span style="font-size: 10pt; line-height: inherit;"> ownership stake a ma</span><span style="font-size: 10pt; line-height: inherit;">rket value of approximately $</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" unitRef="USD" id="Tag2114" decimals="-6" scale="6" format="ixt:num-dot-decimal">702</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;"> million</span><span style="font-size: 10pt; line-height: inherit;">. A</span><span style="font-size: 10pt; line-height: inherit;">t December 31, 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, the carrying value of </span><span style="font-size: 10pt; line-height: inherit;">Tenaris&#8217;s</span><span style="font-size: 10pt; line-height: inherit;"> ownership stake in Ternium, based on Ternium&#8217;s IFRS </span><span style="font-size: 10pt; line-height: inherit;">Financial S</span><span style="font-size: 10pt; line-height: inherit;">ta</span><span style="font-size: 10pt; line-height: inherit;">tements,</span><span style="font-size: 10pt; line-height: inherit;"> was approximately </span><span style="font-size: 10pt; line-height: inherit;">$</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2092" decimals="-5" scale="6" format="ixt:num-dot-decimal">1,363.6</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;"> million.</span><span style="font-size: 10pt; line-height: inherit;"> The Company reviews its participation in Ternium whenever events or circumstances indicate that the asset&#8217;s carrying amount may not be recoverable</span><span style="font-size: 10pt; line-height: inherit;">. As of December 31, 202</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">the Company concluded that</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">the carrying amount does not exceed the recoverable value of the investment.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div><div style="border-right: none; border-left: none;"><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">48</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_TWHCTQ1L7400000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div></div></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Summarized selected financial information of Ternium, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows:</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-right: none; border-left: none;"><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock" continuedAt="c80ba6f8d-4cc4-4c2d-95c4-01231824593b" id="Tag2215" escape="true"><table cellpadding="0" style="height: 241px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Ternium </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 10%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:NoncurrentAssets" unitRef="USD" id="Tag2213" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,647,510</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_TerniumSAMember" name="ifrs-full:NoncurrentAssets" unitRef="USD" id="Tag3059" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,491,363</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:CurrentAssets" unitRef="USD" id="Tag2135" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,844,038</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_TerniumSAMember" name="ifrs-full:CurrentAssets" unitRef="USD" id="Tag2182" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,606,544</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:Assets" unitRef="USD" id="Tag2141" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,491,548</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_TerniumSAMember" name="ifrs-full:Assets" unitRef="USD" id="Tag2094" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,097,907</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:NoncurrentLiabilities" unitRef="USD" id="Tag2121" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,506,325</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_TerniumSAMember" name="ifrs-full:NoncurrentLiabilities" unitRef="USD" id="Tag3047" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,649,105</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:CurrentLiabilities" unitRef="USD" id="Tag2162" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,216,832</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_TerniumSAMember" name="ifrs-full:CurrentLiabilities" unitRef="USD" id="Tag2099" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,213,764</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:Liabilities" unitRef="USD" id="Tag3056" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,723,157</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_TerniumSAMember" name="ifrs-full:Liabilities" unitRef="USD" id="Tag2119" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,862,869</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total equity </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:Equity" unitRef="USD" id="Tag2143" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,768,391</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_TerniumSAMember" name="ifrs-full:Equity" unitRef="USD" id="Tag2124" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,235,038</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-controlling interests </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_TerniumSAMember" name="ifrs-full:NoncontrollingInterests" unitRef="USD" id="Tag2150" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,922,434</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_TerniumSAMember" name="ifrs-full:NoncontrollingInterests" unitRef="USD" id="Tag2120" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,700,019</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Revenues </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TerniumSAMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag2155" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,414,466</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_TerniumSAMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag3053" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,090,744</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gross profit </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TerniumSAMember" name="ifrs-full:GrossProfit" unitRef="USD" id="Tag3064" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,927,184</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_TerniumSAMember" name="ifrs-full:GrossProfit" unitRef="USD" id="Tag2134" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,195,674</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to owners of the parent </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_TerniumSAMember" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="USD" id="Tag2102" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,767,516</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_TerniumSAMember" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="USD" id="Tag3063" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,825,068</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></ix:nonNumeric></div><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;">b) Usiminas</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Usiminas is a Brazilian producer of high quality flat steel products used in the energy, automotive and other industries.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">As of December 31, 20</span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-size: 10pt; line-height: inherit;">, the closing price of the Usiminas&#8217; ordinary and preferred shares, as quoted on the B3</span><span style="font-size: 10pt; line-height: inherit;"> - Brasil Bolsa Balc&#227;o S.A</span><span style="font-size: 10pt; line-height: inherit;">, was </span><span style="font-size: 10pt; line-height: inherit;">BRL</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OrdinarySharesMember_UsiminasMember" name="ts:ClosingPricePerShare" unitRef="BRLPerShare" id="Tag2217" decimals="2" format="ixt:num-dot-decimal">7.41</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;">&#160;($</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_OrdinarySharesMember_UsiminasMember" name="ts:ClosingPricePerShare" unitRef="USDPerShare" id="Tag3066" decimals="2" format="ixt:num-dot-decimal">1.42</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;">) and BRL</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_PreferenceSharesMember_UsiminasMember" name="ts:ClosingPricePerShare" unitRef="BRLPerShare" id="Tag2220" decimals="2" format="ixt:num-dot-decimal">7.16</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;">&#160;($</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_PreferenceSharesMember_UsiminasMember" name="ts:ClosingPricePerShare" unitRef="USDPerShare" id="Tag1923" decimals="2" format="ixt:num-dot-decimal">1.37</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;">), respectively, giving Tenaris&#8217;s ownership stake a market value of approximately $</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" unitRef="USD" id="Tag2104" decimals="-5" scale="6" format="ixt:num-dot-decimal">53.6</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;">&#160;million</span><span style="font-size: 10pt; line-height: inherit;">. As</span><span style="font-size: 10pt; line-height: inherit;"> of</span><span style="font-size: 10pt; line-height: inherit;"> that date, the carrying value of Tenaris&#8217;s ownership stake in Usiminas was </span><span style="font-size: 10pt; line-height: inherit;">approximately $</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:InvestmentsInSubsidiariesJointVenturesAndAssociates" unitRef="USD" id="Tag2184" decimals="-5" scale="6" format="ixt:num-dot-decimal">109.5</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;"> million.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">For the year ended December 31, 2022, t</span><span style="font-size: 10pt; line-height: inherit;">he Company conducted an impairment</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">test and - mainly due to the lower expectations of steel demand and market steel prices, together with a worsened global macroeconomic situation that derived in the increase in discount rates - wrote down its investment in Usiminas by $<ix:nonFraction contextRef="D20221231_UsiminasMember" name="ts:ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" unitRef="USD" id="Tag2116" decimals="-5" scale="6" format="ixt:num-dot-decimal">19.1</ix:nonFraction> million. The value-in-use was used to determine the recoverable value. Value-in-use was calculated discounting the estimated cash flows over a <span style="-sec-ix-hidden:Tag3218"><span style="border-left: none; border-right: none;">five</span>-year</span> period based on forecasts approved by management. For the subsequent years beyond the <span style="-sec-ix-hidden:Tag3219"><span style="border-left: none; border-right: none;">five</span>-year</span> period, a terminal value was calculated based on perpetuity considering a nominal growth rate of <ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" unitRef="Pure" id="Tag2136" decimals="2" scale="-2" format="ixt:num-dot-decimal">2</ix:nonFraction>%. The discount rate used for such test was <ix:nonFraction contextRef="I20221231" name="ifrs-full:DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" unitRef="Pure" id="Tag2158" decimals="3" scale="-2" format="ixt:num-dot-decimal">13.5</ix:nonFraction>% and is based on the respective WACC, which is considered to be a good indicator of capital cost. The main factors that could result in additional impairment charges in future periods would be an increase of the discount rate, or a deterioration of the macroeconomic situation, steel demand and prices. Management has considered and assessed reasonably possible changes in the key assumptions and ha</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> not identified any instances that could give rise to an additional material impairment charge over its investment in Usiminas.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Summarized selected financial information of Usiminas, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows:&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:continuation id="c80ba6f8d-4cc4-4c2d-95c4-01231824593b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.672%; height: 238px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Usiminas </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 10%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:NoncurrentAssets" unitRef="USD" id="Tag2149" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,764,453</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UsiminasMember" name="ifrs-full:NoncurrentAssets" unitRef="USD" id="Tag2993" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,491,103</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:CurrentAssets" unitRef="USD" id="Tag2145" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,901,844</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UsiminasMember" name="ifrs-full:CurrentAssets" unitRef="USD" id="Tag2140" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,583,814</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:Assets" unitRef="USD" id="Tag2997" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,666,297</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UsiminasMember" name="ifrs-full:Assets" unitRef="USD" id="Tag1913" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,074,917</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:NoncurrentLiabilities" unitRef="USD" id="Tag2106" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,671,249</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UsiminasMember" name="ifrs-full:NoncurrentLiabilities" unitRef="USD" id="Tag3060" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,575,321</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:CurrentLiabilities" unitRef="USD" id="Tag2167" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,033,524</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UsiminasMember" name="ifrs-full:CurrentLiabilities" unitRef="USD" id="Tag2153" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,134,663</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:Liabilities" unitRef="USD" id="Tag2131" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,704,773</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UsiminasMember" name="ifrs-full:Liabilities" unitRef="USD" id="Tag2125" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,709,984</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total equity </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:Equity" unitRef="USD" id="Tag2207" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,961,524</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UsiminasMember" name="ifrs-full:Equity" unitRef="USD" id="Tag1911" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,364,933</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-controlling interests </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231_UsiminasMember" name="ifrs-full:NoncontrollingInterests" unitRef="USD" id="Tag2117" decimals="-3" scale="3" format="ixt:num-dot-decimal">523,741</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231_UsiminasMember" name="ifrs-full:NoncontrollingInterests" unitRef="USD" id="Tag2147" decimals="-3" scale="3" format="ixt:num-dot-decimal">467,551</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Revenues </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UsiminasMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag2219" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,296,964</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_UsiminasMember" name="ifrs-full:Revenue" unitRef="USD" id="Tag2105" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,269,569</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gross profit </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UsiminasMember" name="ifrs-full:GrossProfit" unitRef="USD" id="Tag16" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,110,439</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_UsiminasMember" name="ifrs-full:GrossProfit" unitRef="USD" id="Tag2101" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,101,336</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to owners of the parent </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20221231_UsiminasMember" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="USD" id="Tag2107" decimals="-3" scale="3" format="ixt:num-dot-decimal">319,979</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="D20211231_UsiminasMember" name="ifrs-full:ProfitLossAttributableToOwnersOfParent" unitRef="USD" id="Tag5" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,687,682</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table></ix:continuation><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:exclude><div style="line-height: 1.2;" xmlns="http://www.w3.org/1999/xhtml"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt; line-height: inherit;" class="pageno">F-49</span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div style="border-right: none; border-left: none;" xmlns="http://www.w3.org/1999/xhtml"><div id="t_ft_W9T3YAHFW000000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666; line-height: inherit;">Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><i style="mso-bidi-font-style: normal;"><span style="color: #666666; line-height: inherit;">For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">c) Techgen</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Techgen is a Mexican company that operates a natural gas-fired combined cycle electric power plant in the Pesquer&#237;a area of the State of Nuevo Le&#243;n, Mexico, with a power capacity of 900 megawatts. 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font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:NoncurrentReceivablesEmployeeAdvancesAndLoans" unitRef="USD" id="Tag2168" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,908</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:NoncurrentReceivablesEmployeeAdvancesAndLoans" unitRef="USD" id="Tag2166" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,117</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tax credits <sup>(*)</sup></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="USD" id="Tag2088" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,333</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="USD" id="Tag2087" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,210</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from related parties </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentReceivablesDueFromRelatedParties" unitRef="USD" id="Tag2090" decimals="-3" scale="3" format="ixt:num-dot-decimal">67,921</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentReceivablesDueFromRelatedParties" unitRef="USD" id="Tag2089" decimals="-3" scale="3" format="ixt:num-dot-decimal">61,841</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Legal deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:NonCurrentLegalDeposits" unitRef="USD" id="Tag2091" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,394</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:NonCurrentLegalDeposits" unitRef="USD" id="Tag2163" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,041</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advances to suppliers and other advances&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" unitRef="USD" id="Tag2164" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,779</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" unitRef="USD" id="Tag2165" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,878</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivable Venezuelan subsidiaries </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:NoncurrentReceivablesFromInterestInVenezuelanCompanies" unitRef="USD" id="Tag2174" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:NoncurrentReceivablesFromInterestInVenezuelanCompanies" unitRef="USD" id="Tag2173" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,659</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:OtherNoncurrentReceivables" unitRef="USD" id="Tag2983" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,726</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:OtherNoncurrentReceivables" unitRef="USD" id="Tag2982" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,142</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentReceivables" unitRef="USD" id="Tag2172" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,720</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentReceivables" unitRef="USD" id="Tag2171" decimals="-3" scale="3" format="ixt:num-dot-decimal">205,888</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold;"><br/></span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><sup><span style="font-family: 'times new roman', times;">(*) </span></sup><span><ix:footnote xml:lang="en-US" id="footnote6" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'times new roman', times;">As of December 31, 2022 and 2021 respectively, included approximately $<ix:nonFraction contextRef="I20221231_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember" name="ifrs-full:NoncurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="USD" id="Tag2170" decimals="-6" scale="6" format="ixt:num-dot-decimal">8</ix:nonFraction> million and $<ix:nonFraction contextRef="I20211231_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember" name="ifrs-full:NoncurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="USD" id="Tag2169" decimals="-6" scale="6" format="ixt:num-dot-decimal">36</ix:nonFraction> million related to PIS and COFINS (Federal Social Contributions on Gross Revenues) tax recovery on Brazilian subsidiaries.</span></ix:footnote></span></span></p></ix:nonNumeric></ix:nonNumeric><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;</span></p></div><div id="Dyiykl8e0zuz7avxzb4sr" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfInventoriesExplanatory" id="Tag2198" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; color: rgb(0, 51, 102);"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">15</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Inventories</span><span style="font-size: 10pt; font-weight: bold;">, net</span></span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;">&#160;</span></span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutInventoriesTextBlock" id="Tag2197" escape="true"><table cellpadding="0" style="height: 165px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 12px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finished goods&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:FinishedGoods" unitRef="USD" id="Tag2193" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,592,706</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:FinishedGoods" unitRef="USD" id="Tag2192" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,113,011</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Goods in process </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:WorkInProgress" unitRef="USD" id="Tag2191" decimals="-3" scale="3" format="ixt:num-dot-decimal">936,555</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:WorkInProgress" unitRef="USD" id="Tag2190" decimals="-3" scale="3" format="ixt:num-dot-decimal">707,665</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Raw materials </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:RawMaterials" unitRef="USD" id="Tag2189" decimals="-3" scale="3" format="ixt:num-dot-decimal">606,977</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:RawMaterials" unitRef="USD" id="Tag2188" decimals="-3" scale="3" format="ixt:num-dot-decimal">358,552</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Supplies </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:ProductionSupplies" unitRef="USD" id="Tag2187" decimals="-3" scale="3" format="ixt:num-dot-decimal">542,636</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:ProductionSupplies" unitRef="USD" id="Tag2186" decimals="-3" scale="3" format="ixt:num-dot-decimal">485,815</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Goods in transit&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentInventoriesInTransit" unitRef="USD" id="Tag2185" decimals="-3" scale="3" format="ixt:num-dot-decimal">530,721</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentInventoriesInTransit" unitRef="USD" id="Tag2181" decimals="-3" scale="3" format="ixt:num-dot-decimal">253,324</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ts:InventoriesGross" unitRef="USD" id="Tag2180" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,209,595</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ts:InventoriesGross" unitRef="USD" id="Tag2179" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,918,367</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowance for obsolescence, see note 24 (i) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231" name="ts:InventoriesAllowanceForObsolescence" unitRef="USD" id="Tag2178" decimals="-3" scale="3" format="ixt:num-dot-decimal">222,666</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231" name="ts:InventoriesAllowanceForObsolescence" unitRef="USD" id="Tag2177" decimals="-3" scale="3" format="ixt:num-dot-decimal">245,774</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Inventories" unitRef="USD" id="Tag2176" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,986,929</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Inventories" unitRef="USD" id="Tag2175" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,672,593</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td></tr></tbody></table></ix:nonNumeric></ix:nonNumeric><p style="margin: 0pt;"><br/></p></div><div id="Dmgp00zy6ecjceilz1dty" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory" id="Tag2201" escape="true"><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">16</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Receivables and prepayments</span><span style="font-size: 10pt; font-weight: bold;">, net</span></span></p><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock" id="Tag2202" escape="true"><table cellpadding="0" style="height: 203px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Year ended December 31, </span></p></td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" align="right" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="height: 16px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="white-space: nowrap; height: 16px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" align="right" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Prepaid expenses and other receivables&#160;</span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" unitRef="USD" id="Tag2086" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,419</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" unitRef="USD" id="Tag2085" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,080</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Government entities </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentReceivablesAndPrepaymentsGovernmentEntities" unitRef="USD" id="Tag2084" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,121</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentReceivablesAndPrepaymentsGovernmentEntities" unitRef="USD" id="Tag2083" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,363</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Employee advances and loans </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" unitRef="USD" id="Tag2024" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,701</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" unitRef="USD" id="Tag1960" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,974</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advances to suppliers and other advances </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" unitRef="USD" id="Tag1959" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,549</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" unitRef="USD" id="Tag1958" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,225</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Government tax refunds on exports </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="USD" id="Tag1957" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,898</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentReceivablesFromTaxesOtherThanIncomeTax" unitRef="USD" id="Tag1956" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,419</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from related parties </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" unitRef="USD" id="Tag1955" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,184</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" unitRef="USD" id="Tag1954" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,919</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:OtherCurrentReceivables" unitRef="USD" id="Tag1953" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,418</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:OtherCurrentReceivables" unitRef="USD" id="Tag1952" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,502</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentReceivablesAndPrepaymentsGross" unitRef="USD" id="Tag1951" decimals="-3" scale="3" format="ixt:num-dot-decimal">187,290</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentReceivablesAndPrepaymentsGross" unitRef="USD" id="Tag1950" decimals="-3" scale="3" format="ixt:num-dot-decimal">99,482</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowance for other doubtful accounts, see note 24 (i) </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20221231" name="ts:CurrentAllowanceForOtherDoubtfulAccounts" unitRef="USD" id="Tag1949" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,479</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20211231" name="ts:CurrentAllowanceForOtherDoubtfulAccounts" unitRef="USD" id="Tag1948" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,206</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentPrepaymentsAndOtherCurrentAssets" unitRef="USD" id="Tag1947" decimals="-3" scale="3" format="ixt:num-dot-decimal">183,811</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentPrepaymentsAndOtherCurrentAssets" unitRef="USD" id="Tag1946" decimals="-3" scale="3" format="ixt:num-dot-decimal">96,276</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table></ix:nonNumeric></ix:nonNumeric></div><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><div><div style="border-left: none; border-right: none;"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">51</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended <span style="border-left: none; border-right: none;">2022</span>, <span style="border-left: none; border-right: none;">2021</span> and <span style="border-left: none; border-right: none;">2020</span> - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;"><br/></p><div id="Dbds6n65za6j3ni1sw52gf8" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory" id="Tag2205" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; color: rgb(0, 51, 102);"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">17</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Current tax assets</span><span style="font-size: 10pt; font-weight: bold;"> and liabilities</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock" id="Tag2204" escape="true"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 97px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 12px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current tax assets&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentIncomeTaxAssets" unitRef="USD" id="Tag2196" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,812</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentIncomeTaxAssets" unitRef="USD" id="Tag1920" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,394</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> V.A.T. credits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentValueAddedTaxReceivables" unitRef="USD" id="Tag2195" decimals="-3" scale="3" format="ixt:num-dot-decimal">218,009</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentValueAddedTaxReceivables" unitRef="USD" id="Tag1919" decimals="-3" scale="3" format="ixt:num-dot-decimal">176,202</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other prepaid taxes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentPrepaidTaxes" unitRef="USD" id="Tag2194" decimals="-3" scale="3" format="ixt:num-dot-decimal">315</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentPrepaidTaxes" unitRef="USD" id="Tag1918" decimals="-3" scale="3" format="ixt:num-dot-decimal">425</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTaxAssetsCurrent" unitRef="USD" id="Tag1945" decimals="-3" scale="3" format="ixt:num-dot-decimal">243,136</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTaxAssetsCurrent" unitRef="USD" id="Tag1917" decimals="-3" scale="3" format="ixt:num-dot-decimal">193,021</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric><p style="margin: 0px; text-indent: 0px;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock" id="Tag2203" escape="true"><table cellpadding="0" style="height: 98px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current tax liabilities </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentIncomeTaxLiabilities" unitRef="USD" id="Tag1944" decimals="-3" scale="3" format="ixt:num-dot-decimal">280,469</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentIncomeTaxLiabilities" unitRef="USD" id="Tag1916" decimals="-3" scale="3" format="ixt:num-dot-decimal">73,352</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> V.A.T. liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentValueAddedTaxPayables" unitRef="USD" id="Tag1943" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,228</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentValueAddedTaxPayables" unitRef="USD" id="Tag1914" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,955</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other taxes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentOtherTaxLiabilities" unitRef="USD" id="Tag1925" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,543</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentOtherTaxLiabilities" unitRef="USD" id="Tag1909" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,179</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTaxLiabilitiesCurrent" unitRef="USD" id="Tag1922" decimals="-3" scale="3" format="ixt:num-dot-decimal">376,240</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTaxLiabilitiesCurrent" unitRef="USD" id="Tag1908" decimals="-3" scale="3" format="ixt:num-dot-decimal">143,486</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric></ix:nonNumeric><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt;">&#160;</span></p></div><div id="Dv6yij19hslb5y8cfjw3xmq" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory" id="Tag2275" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">18</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Trade receivables, net</span></span></p><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock" id="Tag2293" escape="true"><table cellpadding="0" style="height: 119px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2022</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2021</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current accounts </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentTradeReceivablesCurrentAccounts" unitRef="USD" id="Tag64" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,479,035</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1%; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentTradeReceivablesCurrentAccounts" unitRef="USD" id="Tag2246" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,313,934</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from related parties </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:TradeAndOtherCurrentReceivablesDueFromRelatedParties" unitRef="USD" id="Tag2235" decimals="-3" scale="3" format="ixt:num-dot-decimal">60,400</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:TradeAndOtherCurrentReceivablesDueFromRelatedParties" unitRef="USD" id="Tag2227" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,258</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag74" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,539,435</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag2258" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,346,192</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowance for doubtful accounts, see note 24 (i) </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20221231" name="ts:CurrentTradeReceivablesAllowanceForDoubtfulAccounts" unitRef="USD" id="Tag2243" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,495</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20211231" name="ts:CurrentTradeReceivablesAllowanceForDoubtfulAccounts" unitRef="USD" id="Tag2240" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,120</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2239" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493,940</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2261" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,299,072</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table></ix:nonNumeric><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;</span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;">The following table sets forth details </span><span style="font-size: 10pt;">of the aging</span><span style="font-size: 10pt;"> of trade receivables:&#160;</span></span></p><p style="line-height: 12pt; margin: 0pt;"><br/></p><div><div><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock" continuedAt="cf91f2a85-02d1-452c-b4e6-0c4baacea865" id="Tag2276" escape="true"><div style="border-left: none; border-right: none;"><div style="border-right: none; border-left: none;"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 146px; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td rowspan="2" style="height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle" colspan="2"><p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"> Trade Receivables </span></p></td><td style="border-image: initial; height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" rowspan="2" valign="middle" colspan="2"><p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"> Not Due </span></p></td><td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; width: 24.0323%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Past due </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 51.9355%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;">1 - 180 days </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &gt; 180 days </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 51.9355%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Guaranteed </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentTradeReceivablesGuaranteed" unitRef="USD" id="Tag2231" decimals="-3" scale="3" format="ixt:num-dot-decimal">265,898</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesGuaranteed" unitRef="USD" id="Tag2266" decimals="-3" scale="3" format="ixt:num-dot-decimal">237,784</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesGuaranteed" unitRef="USD" id="Tag2251" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,431</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesGuaranteed" unitRef="USD" id="Tag2236" decimals="-3" scale="3" format="ixt:num-dot-decimal">683</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Not guaranteed </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentTradeReceivablesNotGuaranteed" unitRef="USD" id="Tag71" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,273,537</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesNotGuaranteed" unitRef="USD" id="Tag2252" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,756,707</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesNotGuaranteed" unitRef="USD" id="Tag2245" decimals="-3" scale="3" format="ixt:num-dot-decimal">465,423</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesNotGuaranteed" unitRef="USD" id="Tag2224" decimals="-3" scale="3" format="ixt:num-dot-decimal">51,407</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Guaranteed and not guaranteed </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag2253" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,539,435</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag2257" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,994,491</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag70" decimals="-3" scale="3" format="ixt:num-dot-decimal">492,854</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag2232" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,090</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Expected loss rate </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ts:CurrentTradeReceivablesExpectedLossRate" unitRef="Pure" id="Tag2241" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.06</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesExpectedLossRate" unitRef="Pure" id="Tag2228" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.03</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesExpectedLossRate" unitRef="Pure" id="Tag68" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.18</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesExpectedLossRate" unitRef="Pure" id="Tag2263" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.77</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowances for doubtful accounts </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20221231" name="ts:AllowanceForDoubtfulAccountsNetOfNominativeAllowances" unitRef="USD" id="Tag2259" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,657</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesNotDueMember" name="ts:AllowanceForDoubtfulAccountsNetOfNominativeAllowances" unitRef="USD" id="Tag2265" decimals="-3" scale="3" format="ixt:num-dot-decimal">654</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:AllowanceForDoubtfulAccountsNetOfNominativeAllowances" unitRef="USD" id="Tag2247" decimals="-3" scale="3" format="ixt:num-dot-decimal">920</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:AllowanceForDoubtfulAccountsNetOfNominativeAllowances" unitRef="USD" id="Tag72" decimals="-3" scale="3" format="ixt:num-dot-decimal">83</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Nominative allowances for doubtful accounts </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20221231" name="ts:CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" unitRef="USD" id="Tag2242" decimals="-3" scale="3" format="ixt:num-dot-decimal">43,838</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" unitRef="USD" xsi:nil="true" id="Tag53"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" unitRef="USD" id="Tag2248" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,541</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" unitRef="USD" id="Tag2269" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,297</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net Value </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2268" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,493,940</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesNotDueMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2270" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,993,837</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2267" decimals="-3" scale="3" format="ixt:num-dot-decimal">490,393</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20221231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2271" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,710</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table></div></div></ix:nonNumeric></div><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><br/></p></div><ix:continuation id="cf91f2a85-02d1-452c-b4e6-0c4baacea865"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td rowspan="2" style="height: 20px; white-space: nowrap; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" colspan="2" valign="middle"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> Trade Receivables </span></p></td><td style="border-image: initial; height: 20px; white-space: nowrap; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" colspan="2" rowspan="2" valign="middle"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> Not Due </span></p></td><td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Past due </span></p></td></tr><tr style="height: 10px;"><td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1 - 180 days </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &gt; 180 days </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Guaranteed </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentTradeReceivablesGuaranteed" unitRef="USD" id="Tag2233" decimals="-3" scale="3" format="ixt:num-dot-decimal">195,848</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesGuaranteed" unitRef="USD" id="Tag2229" decimals="-3" scale="3" format="ixt:num-dot-decimal">185,238</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesGuaranteed" unitRef="USD" id="Tag67" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,894</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesGuaranteed" unitRef="USD" id="Tag2273" decimals="-3" scale="3" format="ixt:num-dot-decimal">716</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Not guaranteed </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentTradeReceivablesNotGuaranteed" unitRef="USD" id="Tag2272" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,150,344</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesNotGuaranteed" unitRef="USD" id="Tag2255" decimals="-3" scale="3" format="ixt:num-dot-decimal">951,356</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesNotGuaranteed" unitRef="USD" id="Tag75" decimals="-3" scale="3" format="ixt:num-dot-decimal">148,412</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesNotGuaranteed" unitRef="USD" id="Tag2238" decimals="-3" scale="3" format="ixt:num-dot-decimal">50,576</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Guaranteed and not guaranteed </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag2223" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,346,192</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag2264" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,136,594</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag2274" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,306</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesGross" unitRef="USD" id="Tag63" decimals="-3" scale="3" format="ixt:num-dot-decimal">51,292</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Expected loss rate </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ts:CurrentTradeReceivablesExpectedLossRate" unitRef="Pure" id="Tag2244" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.06</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesExpectedLossRate" unitRef="Pure" id="Tag2226" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.04</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesExpectedLossRate" unitRef="Pure" id="Tag73" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.20</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesExpectedLossRate" unitRef="Pure" id="Tag66" decimals="4" scale="-2" format="ixt:num-dot-decimal">0.84</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowances for doubtful accounts </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20211231" name="ts:AllowanceForDoubtfulAccountsNetOfNominativeAllowances" unitRef="USD" id="Tag2237" decimals="-3" scale="3" format="ixt:num-dot-decimal">833</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesNotDueMember" name="ts:AllowanceForDoubtfulAccountsNetOfNominativeAllowances" unitRef="USD" id="Tag2225" decimals="-3" scale="3" format="ixt:num-dot-decimal">401</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:AllowanceForDoubtfulAccountsNetOfNominativeAllowances" unitRef="USD" id="Tag2254" decimals="-3" scale="3" format="ixt:num-dot-decimal">367</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:AllowanceForDoubtfulAccountsNetOfNominativeAllowances" unitRef="USD" id="Tag65" decimals="-3" scale="3" format="ixt:num-dot-decimal">65</ix:nonFraction></span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Nominative allowances for doubtful accounts </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20211231" name="ts:CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" unitRef="USD" id="Tag2230" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,287</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="vertical-align: bottom; height: 17px; margin: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesNotDueMember" name="ts:CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" unitRef="USD" xsi:nil="true" id="Tag2260"></ix:nonFraction> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ts:CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" unitRef="USD" id="Tag2262" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,391</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (<ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ts:CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" unitRef="USD" id="Tag69" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,896</ix:nonFraction></span></p></td><td style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="left"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net Value </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2250" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,299,072</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesNotDueMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2249" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,136,193</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueLessThan180DaysMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2256" decimals="-3" scale="3" format="ixt:num-dot-decimal">156,548</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" align="right"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><ix:nonFraction contextRef="I20211231_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" name="ifrs-full:CurrentTradeReceivables" unitRef="USD" id="Tag2234" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,331</ix:nonFraction></span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table></ix:continuation><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt;">&#160;</span></p><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Trade receivables are mainly denominated in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">U.S. dollars.&#160;</span></p></ix:nonNumeric><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;</span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">52</span></span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_HKKINHMDV400000000000000000000b"><table style="width: 100%; margin: 0px; height: 34px; border-collapse: collapse; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="margin: 0px; text-indent: 0px;"><br/></p></div><div id="D86jbub40t5ufecxi7hdq2f" style="font-family: 'times new roman', times; font-size: 10pt;"><div style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" id="Tag2297" escape="true"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; line-height: inherit; color: rgb(0, 51, 102);"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">19</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;">Cash and cash equivalents</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"> and </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">o</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">ther investments</span></span></p><p style="margin: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" id="Tag2298" escape="true"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 272px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash at banks </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:BalancesWithBanks" unitRef="USD" id="Tag2285" decimals="-3" scale="3" format="ixt:num-dot-decimal">149,424</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:BalancesWithBanks" unitRef="USD" id="Tag2277" decimals="-3" scale="3" format="ixt:num-dot-decimal">167,455</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liquidity funds </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:ShorttermDepositsClassifiedAsCashEquivalents" unitRef="USD" id="Tag2290" decimals="-3" scale="3" format="ixt:num-dot-decimal">422,859</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:ShorttermDepositsClassifiedAsCashEquivalents" unitRef="USD" id="Tag58" decimals="-3" scale="3" format="ixt:num-dot-decimal">105,697</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Short-term investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:ShorttermInvestmentsClassifiedAsCashEquivalents" unitRef="USD" id="Tag62" decimals="-3" scale="3" format="ixt:num-dot-decimal">519,244</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:ShorttermInvestmentsClassifiedAsCashEquivalents" unitRef="USD" id="Tag59" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,975</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag60" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,091,527</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CashAndCashEquivalents" unitRef="USD" id="Tag2289" decimals="-3" scale="3" format="ixt:num-dot-decimal">318,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other investments - current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ts:OtherInvestmentsCurrentFixedIncome" unitRef="USD" id="Tag2283" decimals="-3" scale="3" format="ixt:num-dot-decimal">196,152</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ts:OtherInvestmentsCurrentFixedIncome" unitRef="USD" id="Tag2280" decimals="-3" scale="3" format="ixt:num-dot-decimal">239,742</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ts:OtherInvestmentsCurrentBondsAndOtherFixedIncome" unitRef="USD" id="Tag2278" decimals="-3" scale="3" format="ixt:num-dot-decimal">211,953</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ts:OtherInvestmentsCurrentBondsAndOtherFixedIncome" unitRef="USD" id="Tag2282" decimals="-3" scale="3" format="ixt:num-dot-decimal">158,107</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fund investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ts:OtherInvestmentsCurrentFundInvestments" unitRef="USD" id="Tag57" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,343</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ts:OtherInvestmentsCurrentFundInvestments" unitRef="USD" xsi:nil="true" id="Tag2279"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2288" decimals="-3" scale="3" format="ixt:num-dot-decimal">438,448</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentInvestments" unitRef="USD" id="Tag2281" decimals="-3" scale="3" format="ixt:num-dot-decimal">397,849</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other investments - non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ts:OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" unitRef="USD" id="Tag3010" decimals="-3" scale="3" format="ixt:num-dot-decimal">113,574</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ts:OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" unitRef="USD" id="Tag3009" decimals="-3" scale="3" format="ixt:num-dot-decimal">312,619</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ts:OtherInvestmentsNoncurrentOthers" unitRef="USD" id="Tag2284" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ts:OtherInvestmentsNoncurrentOthers" unitRef="USD" id="Tag2286" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,635</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag2287" decimals="-3" scale="3" format="ixt:num-dot-decimal">119,902</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" unitRef="USD" id="Tag61" decimals="-3" scale="3" format="ixt:num-dot-decimal">320,254</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td></tr></tbody></table></ix:nonNumeric></ix:nonNumeric><p style="margin: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p></div></div><div id="Dd8oxot5dqm6r24x8740p2" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfBorrowingsExplanatory" id="Tag2412" escape="true"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 30px;">Borrowings</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory" id="Tag3116" escape="true"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_BankBorrowingsMember" name="ts:NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" unitRef="USD" id="Tag2393" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,433</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_BankBorrowingsMember" name="ts:NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" unitRef="USD" id="Tag2314" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,452</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Costs of issue of debt </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:NoncurrentCostsOfIssueOfDebt" unitRef="USD" xsi:nil="true" id="Tag2351"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231" name="ts:NoncurrentCostsOfIssueOfDebt" unitRef="USD" id="Tag2300" decimals="-3" scale="3" format="ixt:num-dot-decimal">20</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2315" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,433</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2328" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,432</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_BankBorrowingsMember" name="ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt" unitRef="USD" id="Tag2311" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,255</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_BankBorrowingsMember" name="ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt" unitRef="USD" id="Tag2389" decimals="-3" scale="3" format="ixt:num-dot-decimal">219,566</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank overdrafts </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_BankOverdrafts1Member" name="ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt" unitRef="USD" id="Tag2301" decimals="-3" scale="3" format="ixt:num-dot-decimal">94</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_BankOverdrafts1Member" name="ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt" unitRef="USD" id="Tag2342" decimals="-3" scale="3" format="ixt:num-dot-decimal">60</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Costs of issue of debt </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231" name="ts:CurrentCostsOfIssueOfDebt" unitRef="USD" id="Tag2349" decimals="-3" scale="3" format="ixt:num-dot-decimal">20</ix:nonFraction>) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231" name="ts:CurrentCostsOfIssueOfDebt" unitRef="USD" id="Tag2364" decimals="-3" scale="3" format="ixt:num-dot-decimal">125</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2354" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,329</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2371" decimals="-3" scale="3" format="ixt:num-dot-decimal">219,501</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2373" decimals="-3" scale="3" format="ixt:num-dot-decimal">728,762</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Borrowings" unitRef="USD" id="Tag77" decimals="-3" scale="3" format="ixt:num-dot-decimal">330,933</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The maturity of borrowings is as follows:</span></p><p style="margin: 0pt;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock" id="Tag2294" escape="true"><div id="t_ft_A1JT4FYE1C00000000000000000000b"><table cellpadding="0" style="height: 112px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><br/></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1 year or less </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 1 - 2 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 2 &#8211; 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Over 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="background-color: #cceeff; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At December 31, 2022</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_OtherBorrowingsMember_NotLaterThanOneYearMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2368" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,329</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_OtherBorrowingsMember_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2307" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,933</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_OtherBorrowingsMember_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag56" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,000</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_OtherBorrowingsMember_LaterThanThreeYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2392" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,500</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_OtherBorrowingsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2383" decimals="-3" scale="3" format="ixt:num-dot-decimal">728,762</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_NotLaterThanOneYearMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2313" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,329</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2332" decimals="-3" scale="3" format="ixt:num-dot-decimal">41,933</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2305" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,000</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_LaterThanThreeYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2386" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,500</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2304" decimals="-3" scale="3" format="ixt:num-dot-decimal">728,762</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Interest to be accrued <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_NotLaterThanOneYearMember" name="ifrs-full:InterestPayable" unitRef="USD" id="Tag2319" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,153</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ifrs-full:InterestPayable" unitRef="USD" id="Tag2306" decimals="-3" scale="3" format="ixt:num-dot-decimal">821</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ifrs-full:InterestPayable" unitRef="USD" id="Tag2365" decimals="-3" scale="3" format="ixt:num-dot-decimal">64</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_LaterThanThreeYearsMember" name="ifrs-full:InterestPayable" unitRef="USD" id="Tag2394" decimals="-3" scale="3" format="ixt:num-dot-decimal">8</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:InterestPayable" unitRef="USD" id="Tag2382" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,046</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_NotLaterThanOneYearMember" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" id="Tag2339" decimals="-3" scale="3" format="ixt:num-dot-decimal">708,482</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" id="Tag2359" decimals="-3" scale="3" format="ixt:num-dot-decimal">42,754</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" id="Tag2356" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,064</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_LaterThanThreeYearsMember" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" id="Tag2372" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,508</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" id="Tag2376" decimals="-3" scale="3" format="ixt:num-dot-decimal">755,808</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 9pt; line-height: inherit;"><sup>(*)&#160;</sup><span><ix:footnote xml:lang="en-US" id="footnote43" footnoteRole="http://www.xbrl.org/2003/role/footnote">Includes the effect of hedge accounting.</ix:footnote></span></span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-53</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" xmlns="http://www.w3.org/1999/xhtml"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div><div id="t_ft_3LOADGE2CW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><br/></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1 year or less </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 1 - 2 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 2 &#8211; 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Over 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_OtherBorrowingsMember_NotLaterThanOneYearMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2334" decimals="-3" scale="3" format="ixt:num-dot-decimal">219,501</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_OtherBorrowingsMember_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2343" decimals="-3" scale="3" format="ixt:num-dot-decimal">107,438</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_OtherBorrowingsMember_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2321" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,994</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_OtherBorrowingsMember_LaterThanThreeYearsMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2388"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_OtherBorrowingsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2347" decimals="-3" scale="3" format="ixt:num-dot-decimal">330,933</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_NotLaterThanOneYearMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2355" decimals="-3" scale="3" format="ixt:num-dot-decimal">219,501</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2378" decimals="-3" scale="3" format="ixt:num-dot-decimal">107,438</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2327" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,994</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_LaterThanThreeYearsMember" name="ifrs-full:Borrowings" unitRef="USD" xsi:nil="true" id="Tag2380"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2337" decimals="-3" scale="3" format="ixt:num-dot-decimal">330,933</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Interest to be accrued <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_NotLaterThanOneYearMember" name="ifrs-full:InterestPayable" unitRef="USD" id="Tag3052" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,465</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ifrs-full:InterestPayable" unitRef="USD" id="Tag2323" decimals="-3" scale="3" format="ixt:num-dot-decimal">560</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ifrs-full:InterestPayable" unitRef="USD" id="Tag2312" decimals="-3" scale="3" format="ixt:num-dot-decimal">13</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_LaterThanThreeYearsMember" name="ifrs-full:InterestPayable" unitRef="USD" xsi:nil="true" id="Tag3051"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:InterestPayable" unitRef="USD" id="Tag2363" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,038</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_NotLaterThanOneYearMember" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" id="Tag2387" decimals="-3" scale="3" format="ixt:num-dot-decimal">221,966</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_LaterThanOneYearAndNotLaterThanTwoYearsMember" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" id="Tag2340" decimals="-3" scale="3" format="ixt:num-dot-decimal">107,998</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" id="Tag2366" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,007</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_LaterThanThreeYearsMember" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" xsi:nil="true" id="Tag2357"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ts:BorrowingsIncludingInterestToBeAccrued" unitRef="USD" id="Tag2348" decimals="-3" scale="3" format="ixt:num-dot-decimal">333,971</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-size: 9pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><sup>(*)</sup>&#160;</span><span style="font-family: 'times new roman', times; line-height: inherit;"><span><ix:footnote xml:lang="en-US" id="footnote41" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="line-height: inherit;">&#160;Includes the effect of hedge accounting</span><span style="line-height: inherit;">.</span></ix:footnote></span></span></span></p></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Significant borrowings include:</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock" id="Tag2411" escape="true"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In millions of U.S. dollars </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.5642%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.24275%;"><br/></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 51.1185%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Disbursement date </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 17.5642%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Borrower </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Type </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Final maturity </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Outstanding </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 1.24275%;"><br/></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tamsa </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_SignificantBorrowingsAsOfClosingDateMember_TamsaMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2310" decimals="-6" scale="6" format="ixt:num-dot-decimal">100</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%; background-color: #cceeff;"><br/></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Maverick </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_SignificantBorrowingsOneAsOfClosingDateMember_MaverickTubeCorporationAndSubsidiariesMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2384" decimals="-6" scale="6" format="ixt:num-dot-decimal">100</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"><br/></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: top; width: 51.1185%;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tubos del Caribe </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_SignificantBorrowingsTwoAsOfClosingDateMember_TubosDelCaribeMember" name="ifrs-full:Borrowings" unitRef="USD" id="Tag2367" decimals="-6" scale="6" format="ixt:num-dot-decimal">90</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"><br/></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2020</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; 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margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Breakdown of long-term borrowings by currency and rate is as follows:</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Non-current borrowings</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock" continuedAt="c52e8e5db-e6c6-41db-98ac-ce4e591d8f1c" id="Tag2295" escape="true"><table cellpadding="0" style="height: 105px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Currency </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Interest rates </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 62%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 15%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FloatingInterestRateMember_USD" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2346" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,000</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FloatingInterestRateMember_USD" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag3121" decimals="-3" scale="3" format="ixt:num-dot-decimal">99,587</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember_SAR" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2345" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,933</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FixedInterestRateMember_SAR" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2358" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,845</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FloatingInterestRateMember_SAR" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2335" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,500</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FloatingInterestRateMember_SAR" name="ifrs-full:LongtermBorrowings" unitRef="USD" xsi:nil="true" id="Tag2302"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total non-current borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2344" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,433</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2333" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,432</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">&#160;</span></p><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-54</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" xmlns="http://www.w3.org/1999/xhtml"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div><div><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Breakdown of short-term borrowings by currency and rate is as follows:</span><br/></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><br/></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Current</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> borrowings</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:continuation id="c52e8e5db-e6c6-41db-98ac-ce4e591d8f1c"><table cellpadding="0" style="height: 187px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Currency </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Interest rates </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FloatingInterestRateMember_USD" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2352" decimals="-3" scale="3" format="ixt:num-dot-decimal">200,350</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FloatingInterestRateMember_USD" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2385" decimals="-3" scale="3" format="ixt:num-dot-decimal">17,015</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember_USD" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2379" decimals="-3" scale="3" format="ixt:num-dot-decimal">206,336</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FixedInterestRateMember_USD" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" xsi:nil="true" id="Tag2325"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FloatingInterestRateMember_EUR" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" xsi:nil="true" id="Tag2330"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FloatingInterestRateMember_EUR" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2303" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,273</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember_EUR" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2322" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,829</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FixedInterestRateMember_EUR" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2320" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,706</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MXN </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember_MXN" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2369" decimals="-3" scale="3" format="ixt:num-dot-decimal">141,802</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FixedInterestRateMember_MXN" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2353" decimals="-3" scale="3" format="ixt:num-dot-decimal">141,861</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> ARS </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember_ARS" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2318" decimals="-3" scale="3" format="ixt:num-dot-decimal">74,025</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FixedInterestRateMember_ARS" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2350" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,947</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FloatingInterestRateMember_SAR" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2324" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,023</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FloatingInterestRateMember_SAR" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag76" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,022</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_FixedInterestRateMember_SAR" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2391" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,964</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_FixedInterestRateMember_SAR" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2331" decimals="-3" scale="3" format="ixt:num-dot-decimal">22,677</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total current borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2370" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,329</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2338" decimals="-3" scale="3" format="ixt:num-dot-decimal">219,501</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:continuation><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Borrowing</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">s</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> evolution</span></span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfBorrowingsEvolutionTextBlock" id="Tag2413" escape="true"><div id="t_ft_6Y4VEVFR7400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 163px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Non current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2375" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,432</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2361" decimals="-3" scale="3" format="ixt:num-dot-decimal">219,501</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfTranslationDifferencesOnLongtermBorrowings" unitRef="USD" id="Tag2360" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">18</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2291" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">28,705</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Proceeds and repayments, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" unitRef="USD" id="Tag55" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,948</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2381" decimals="-3" scale="3" format="ixt:num-dot-decimal">371,500</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interests accrued less payments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" unitRef="USD" id="Tag2292" decimals="-3" scale="3" format="ixt:num-dot-decimal">158</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2309" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,774</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfReclassificationsOnLongtermBorrowings" unitRef="USD" id="Tag2377" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">115,087</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2362" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,087</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfBusinessCombinationsOnLongtermBorrowings" unitRef="USD" xsi:nil="true" id="Tag2329"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfBusinessCombinationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2336" decimals="-3" scale="3" format="ixt:num-dot-decimal">138</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Overdrafts variation </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfOverdraftsVariationOnLongtermBorrowings" unitRef="USD" xsi:nil="true" id="Tag2374"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2316" decimals="-3" scale="3" format="ixt:num-dot-decimal">34</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:LongtermBorrowings" unitRef="USD" id="Tag2326" decimals="-3" scale="3" format="ixt:num-dot-decimal">46,433</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" unitRef="USD" id="Tag2390" decimals="-3" scale="3" format="ixt:num-dot-decimal">682,329</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><br/></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-size: 9pt;"><span style="font-family: 'Times New Roman'; line-height: inherit;"><sup>(*)</sup>&#160;</span><span style="line-height: inherit; font-family: 'times new roman', times;"><span><ix:footnote xml:lang="en-US" id="footnote42" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="line-height: inherit;">Related to Parques E&#243;licos de la Buena Ventura</span><span style="line-height: inherit;"> S.A.</span><span style="line-height: inherit;"> acquisition, for more information see note </span><span style="line-height: inherit;">33</span><span style="line-height: inherit;"> to these Consolidated Financial Statements.</span></ix:footnote></span></span></span></p></ix:nonNumeric></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"><span style="line-height: inherit;"><br/></span></span></p><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-55</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; 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margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">21</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Deferred </span><span style="font-size: 10pt; font-weight: bold;">tax</span><span style="font-size: 10pt; font-weight: bold;"> assets and liabilities</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Deferred income taxes are calculated in full on temporary differences under the liability method using the tax rate of each country.</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The </span><span style="font-size: 10pt; line-height: inherit;">evolution of</span><span style="font-size: 10pt; line-height: inherit;"> deferred tax assets and liabilities</span><span style="font-size: 10pt; line-height: inherit;">during the year </span><span style="font-size: 10pt; line-height: inherit;">is</span><span style="font-size: 10pt; line-height: inherit;"> as follows:</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock" id="Tag865" escape="true"><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Deferred tax liabilities</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 105px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fixed assets </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Intangible assets and other </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag468" decimals="-3" scale="3" format="ixt:num-dot-decimal">669,830</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag234" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,508</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag241" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,346</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_DeferredTaxLiabilitiesMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag556" decimals="-3" scale="3" format="ixt:num-dot-decimal">801,684</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag319" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">64</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag258" decimals="-3" scale="3" format="ixt:num-dot-decimal">15</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag232" decimals="-3" scale="3" format="ixt:num-dot-decimal">600</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag321" decimals="-3" scale="3" format="ixt:num-dot-decimal">551</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag228"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag364"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag272" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,719</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag3081" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,719</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement (credit) / charge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag554" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">94,099</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag470" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,009</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag217" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,877</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_DeferredTaxLiabilitiesMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag485" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">70,213</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag370" decimals="-3" scale="3" format="ixt:num-dot-decimal">575,667</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag262" decimals="-3" scale="3" format="ixt:num-dot-decimal">43,532</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag398" decimals="-3" scale="3" format="ixt:num-dot-decimal">114,542</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_DeferredTaxLiabilitiesMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag666" decimals="-3" scale="3" format="ixt:num-dot-decimal">733,741</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; text-indent: 0px; width: 100%; height: 131px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fixed assets </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Intangible assets and other </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 52.907%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag688" decimals="-3" scale="3" format="ixt:num-dot-decimal">702,415</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.45349%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag382" decimals="-3" scale="3" format="ixt:num-dot-decimal">15,255</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag464" decimals="-3" scale="3" format="ixt:num-dot-decimal">125,793</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_DeferredTaxLiabilitiesMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag274" decimals="-3" scale="3" format="ixt:num-dot-decimal">843,463</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag391" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">461</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" xsi:nil="true" id="Tag557"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag320" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,059</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag242" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,520</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Decrease due to sale of subsidiaries <span style="font-size: 9pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" id="Tag400" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">637</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" xsi:nil="true" id="Tag222"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" xsi:nil="true" id="Tag256"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" id="Tag239" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">637</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag471"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag375"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag703" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,061</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag237" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,061</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement (credit) / charge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag225" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">31,487</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag476" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,253</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag318" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">23,449</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxLiabilitiesMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag478" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">42,683</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_DeferredTaxLiabilitiesFixedAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag465" decimals="-3" scale="3" format="ixt:num-dot-decimal">669,830</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_DeferredTaxLiabilitiesInventoryMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag475" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,508</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag389" decimals="-3" scale="3" format="ixt:num-dot-decimal">104,346</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_DeferredTaxLiabilitiesMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag661" decimals="-3" scale="3" format="ixt:num-dot-decimal">801,684</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Deferred tax assets</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; width: 100%; text-indent: 0px; height: 121px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Provisions and allowances </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Tax losses </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Other </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag664" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,083</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsInventoryMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag223" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">85,037</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag399" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">485,763</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsOtherMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag663" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">176,627</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag395" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">772,510</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag3082" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">345</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsInventoryMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag224" decimals="-3" scale="3" format="ixt:num-dot-decimal">114</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag372" decimals="-3" scale="3" format="ixt:num-dot-decimal">747</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_DeferredTaxAssetsOtherMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag474" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">245</ix:nonFraction>) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag483" decimals="-3" scale="3" format="ixt:num-dot-decimal">271</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag392"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsInventoryMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag220"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag477"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsOtherMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag359" decimals="-3" scale="3" format="ixt:num-dot-decimal">954</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag3080" decimals="-3" scale="3" format="ixt:num-dot-decimal">954</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement charge / (credit) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag219" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">389</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_DeferredTaxAssetsInventoryMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag473" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">95,229</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag381" decimals="-3" scale="3" format="ixt:num-dot-decimal">174,427</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsOtherMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag235" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,934</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_DeferredTaxAssetsMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag214" decimals="-3" scale="3" format="ixt:num-dot-decimal">97,743</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag240" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,817</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_DeferredTaxAssetsInventoryMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag396" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">180,152</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag667" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">310,589</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_DeferredTaxAssetsOtherMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag252" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">156,984</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_DeferredTaxAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag254" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">673,542</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 129px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Provisions and allowances </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Tax losses </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Other </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag231" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">21,208</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_DeferredTaxAssetsInventoryMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag390" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">85,937</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag665" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">480,149</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_DeferredTaxAssetsOtherMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag479" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">206,958</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_DeferredTaxAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag380" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">794,252</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag373" decimals="-3" scale="3" format="ixt:num-dot-decimal">506</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsInventoryMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag687" decimals="-3" scale="3" format="ixt:num-dot-decimal">606</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag690" decimals="-3" scale="3" format="ixt:num-dot-decimal">80</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsOtherMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag377" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,195</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag484" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,387</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Decrease due to sale of subsidiaries <span style="font-size: 9pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" xsi:nil="true" id="Tag215"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsInventoryMember" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" id="Tag238" decimals="-3" scale="3" format="ixt:num-dot-decimal">93</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" xsi:nil="true" id="Tag558"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsOtherMember" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" id="Tag361" decimals="-3" scale="3" format="ixt:num-dot-decimal">11</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsMember" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" id="Tag250" decimals="-3" scale="3" format="ixt:num-dot-decimal">104</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag387"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsInventoryMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag218"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" xsi:nil="true" id="Tag226"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsOtherMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag273" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,587</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsMember" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag216" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,587</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement charge / (credit) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag481" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,381</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsInventoryMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag248" decimals="-3" scale="3" format="ixt:num-dot-decimal">201</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag236" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,694</ix:nonFraction>) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsOtherMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag376" decimals="-3" scale="3" format="ixt:num-dot-decimal">26,538</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_DeferredTaxAssetsMember" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag480" decimals="-3" scale="3" format="ixt:num-dot-decimal">16,664</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsProvisionsAndAllowancesMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag669" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">25,083</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsInventoryMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag386" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">85,037</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsTaxLossMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag34" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">485,763</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsOtherMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag689" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">176,627</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_DeferredTaxAssetsMember" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag362" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">772,510</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; 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font-size: 10pt; line-height: inherit;">Approximately 100% of the recognized tax losses have an expiration date in more than 5 years or do not expire.</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">As of December 31, 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, the net unrecognized deferred tax assets amount</span><span style="font-size: 10pt; line-height: inherit;">ed</span><span style="font-size: 10pt; line-height: inherit;"> to $</span><ix:nonFraction contextRef="I20221231" name="ifrs-full:UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" unitRef="USD" id="Tag221" decimals="-5" scale="6" format="ixt:num-dot-decimal">120.4</ix:nonFraction><span style="font-size: 10pt; line-height: inherit;"> million. </span><span style="font-size: 10pt; line-height: inherit;">U</span><span style="font-size: 10pt; line-height: inherit;">nrecognized tax </span><span style="font-size: 10pt; line-height: inherit;">credits</span><span style="font-size: 10pt; line-height: inherit;">with expiration dates in </span><span style="font-size: 10pt; line-height: inherit;">less than 1 year, between 2 and 5 years and more than 5 years </span><span style="font-size: 10pt; line-height: inherit;">or without expiration date </span><span style="font-size: 10pt; line-height: inherit;">are</span><span style="font-size: 10pt; line-height: inherit;"> approximately </span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ts:UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInLessThanOneYear" unitRef="Pure" id="Tag659" decimals="2" scale="-2" format="ixt:num-dot-decimal">8</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;">%, </span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ts:UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringBetweenTwoAndFiveYears" unitRef="Pure" id="Tag388" decimals="2" scale="-2" format="ixt:num-dot-decimal">4</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;">% and </span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231" name="ts:UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInMoreThanFiveYears" unitRef="Pure" id="Tag482" decimals="2" scale="-2" format="ixt:num-dot-decimal">88</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;">% respectively.</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The estimated recovery analysis of deferred tax assets and settlement of deferred tax liabilities, which takes into consideration </span><span style="font-size: 10pt; line-height: inherit;">m</span><span style="font-size: 10pt; line-height: inherit;">anagement assumptions and estimates, is as follows:</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" id="Tag3118" escape="true"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 71px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax assets to be recovered after 12 months </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_LaterThanOneYearMember" name="ifrs-full:DeferredTaxAssets" unitRef="USD" id="Tag466" decimals="-3" scale="3" format="ixt:num-dot-decimal">171,717</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_LaterThanOneYearMember" name="ifrs-full:DeferredTaxAssets" unitRef="USD" id="Tag486" decimals="-3" scale="3" format="ixt:num-dot-decimal">611,552</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax liabilities to be settled after 12 months </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_LaterThanOneYearMember" name="ifrs-full:DeferredTaxLiabilities" unitRef="USD" id="Tag3079" decimals="-3" scale="3" format="ixt:num-dot-decimal">688,124</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_LaterThanOneYearMember" name="ifrs-full:DeferredTaxLiabilities" unitRef="USD" id="Tag469" decimals="-3" scale="3" format="ixt:num-dot-decimal">782,128</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr></tbody></table></ix:nonNumeric><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Deferred income tax assets and liabilities are offset when (1) there is a legally enforceable right to set</span><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit;">off current tax assets against current tax liabilities and (2)</span><span style="font-size: 10pt; line-height: inherit;"> when</span><span style="font-size: 10pt; line-height: inherit;"> the deferred income taxes relate to the same fiscal authority</span><span style="font-size: 10pt; line-height: inherit;"> on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis</span><span style="font-size: 10pt; line-height: inherit;">. The following amounts, determined after appropriate set</span><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit;">off, are shown in the </span><span style="font-size: 10pt; line-height: inherit;">C</span><span style="font-size: 10pt; line-height: inherit;">onsolidated </span><span style="font-size: 10pt; line-height: inherit;">S</span><span style="font-size: 10pt; line-height: inherit;">tatement of </span><span style="font-size: 10pt; line-height: inherit;">F</span><span style="font-size: 10pt; line-height: inherit;">inancial </span><span style="font-size: 10pt; line-height: inherit;">P</span><span style="font-size: 10pt; line-height: inherit;">osition</span><span style="font-size: 10pt; line-height: inherit;">:</span></span></p><div style="border-left: none; border-right: none;"><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DeferredTaxTextBlock" continuedAt="c5bc893ee-edec-4a92-b14e-a6256b3932c6" id="Tag3117" escape="true"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 88px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231" name="ifrs-full:DeferredTaxAssets" unitRef="USD" id="Tag662" decimals="-3" scale="3" format="ixt:num-dot-decimal">208,870</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231" name="ifrs-full:DeferredTaxAssets" unitRef="USD" id="Tag379" decimals="-3" scale="3" format="ixt:num-dot-decimal">245,547</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:DeferredTaxLiabilities" unitRef="USD" id="Tag467" decimals="-3" scale="3" format="ixt:num-dot-decimal">269,069</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:DeferredTaxLiabilities" unitRef="USD" id="Tag555" decimals="-3" scale="3" format="ixt:num-dot-decimal">274,721</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag227" decimals="-3" scale="3" format="ixt:num-dot-decimal">60,199</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag472" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,174</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></ix:nonNumeric><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The movement i</span><span style="font-size: 10pt; line-height: inherit;">n the net deferred income tax liability account is as follows:</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><ix:continuation id="c5bc893ee-edec-4a92-b14e-a6256b3932c6"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 136px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag229" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,174</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag363" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,211</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag686" decimals="-3" scale="3" format="ixt:num-dot-decimal">822</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" unitRef="USD" id="Tag360" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">133</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Decrease due to sale of subsidiaries </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" xsi:nil="true" id="Tag668"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" unitRef="USD" id="Tag246" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">533</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag463" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,673</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" unitRef="USD" id="Tag260" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,648</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement charge / (credit) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag378" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,530</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" unitRef="USD" id="Tag660" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">26,019</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag233" decimals="-3" scale="3" format="ixt:num-dot-decimal">60,199</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:DeferredTaxLiabilityAsset" unitRef="USD" id="Tag397" decimals="-3" scale="3" format="ixt:num-dot-decimal">29,174</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td></tr></tbody></table></div></ix:continuation></div></ix:nonNumeric></div><div id="D8h8885a76qa7ovtzfq1vf" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfOtherLiabilitiesExplanatory" id="Tag1151" escape="true"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">22</span></span><span style="font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 30px;">Other liabilities</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(i)</span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Other liabilities &#8211; Non current</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory" id="Tag1118" escape="true"><table cellpadding="0" style="height: 102px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Post-employment benefits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:NoncurrentPostemploymentBenefits" unitRef="USD" id="Tag1140" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,936</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:NoncurrentPostemploymentBenefits" unitRef="USD" id="Tag1240" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,904</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other long-term benefits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:OtherNoncurrentBenefits" unitRef="USD" id="Tag1236" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,446</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:OtherNoncurrentBenefits" unitRef="USD" id="Tag1316" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,345</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Miscellaneous </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231" name="ts:OtherNoncurrentMiscellaneousLiabilities" unitRef="USD" id="Tag1380" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,760</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231" name="ts:OtherNoncurrentMiscellaneousLiabilities" unitRef="USD" id="Tag1218" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,432</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:OtherNoncurrentLiabilities" unitRef="USD" id="Tag1336" decimals="-3" scale="3" format="ixt:num-dot-decimal">230,142</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:OtherNoncurrentLiabilities" unitRef="USD" id="Tag1327" decimals="-3" scale="3" format="ixt:num-dot-decimal">231,681</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><div id="t_ft_RBJOGNBVB400000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">57</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_O4L0Z8PSG000000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></ix:exclude><br/></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Post-employment benefits</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" continuedAt="cd45f1085-ff4d-4c7d-a321-7787a2fd5623" id="Tag1146" escape="true"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Unfunded </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ts:NoncurrentPostemploymentBenefits" unitRef="USD" id="Tag1347" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,822</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ts:NoncurrentPostemploymentBenefits" unitRef="USD" id="Tag1241" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,841</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Funded </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ts:NoncurrentPostemploymentBenefits" unitRef="USD" id="Tag1212" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,114</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ts:NoncurrentPostemploymentBenefits" unitRef="USD" id="Tag1349" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,063</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ts:NoncurrentPostemploymentBenefits" unitRef="USD" id="Tag1230" decimals="-3" scale="3" format="ixt:num-dot-decimal">108,936</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ts:NoncurrentPostemploymentBenefits" unitRef="USD" id="Tag1328" decimals="-3" scale="3" format="ixt:num-dot-decimal">111,904</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 14.08pt; padding-left: 8.42pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Unfunded</span></li></ul><p style="margin: 0pt; line-height: 1.2;"><br/></p><ix:continuation continuedAt="c9a983744-cb08-48af-a7aa-4c7a125dce9b" id="cd45f1085-ff4d-4c7d-a321-7787a2fd5623"><div style="border-left: none; border-right: none;"><div id="t_ft_AP5R992TOG00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 197px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1255" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,841</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1355" decimals="-3" scale="3" format="ixt:num-dot-decimal">115,774</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current service cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:CurrentServiceCostNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1231" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,810</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:CurrentServiceCostNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1227" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,728</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1229" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,610</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1223" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,997</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Curtailments and settlements </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ts:GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag2973" decimals="-3" scale="3" format="ixt:num-dot-decimal">64</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ts:GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1340" decimals="-3" scale="3" format="ixt:num-dot-decimal">422</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Remeasurements&#160;<span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1277" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,228</ix:nonFraction></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1137" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,174</ix:nonFraction></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1210" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,657</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1339" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,716</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Benefits paid from the plan </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:PaymentsFromPlanNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1326" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,111</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:PaymentsFromPlanNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1257" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,539</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassified to current liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ts:DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities" unitRef="USD" id="Tag1373" decimals="-3" scale="3" format="ixt:num-dot-decimal">461</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ts:DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities" unitRef="USD" id="Tag1344" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,884</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1142" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,082</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1322" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">271</ix:nonFraction>) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1350" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,822</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1330" decimals="-3" scale="3" format="ixt:num-dot-decimal">103,841</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><sup>(*)</sup><span><ix:footnote xml:lang="en-US" id="footnote47" footnoteRole="http://www.xbrl.org/2003/role/footnote">For 2022 a gain of $<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1220" decimals="-5" scale="6" format="ixt:num-dot-decimal">0.1</ix:nonFraction> million is attributable to demographic assumptions and a gain of $<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1374" decimals="-5" scale="6" format="ixt:num-dot-decimal">4.1</ix:nonFraction> million to financial assumptions.</ix:footnote></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote45" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">For <span style="border-left: none; border-right: none;">2021</span> a loss of $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1254" decimals="-5" scale="6" format="ixt:num-dot-decimal" sign="-">0.7</ix:nonFraction></span> million is attributable to demographic assumptions and a loss of $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1331" decimals="-5" scale="6" format="ixt:num-dot-decimal" sign="-">2.5</ix:nonFraction></span> million to financial assumptions</span></span><span style="line-height: inherit;">.</span></span></ix:footnote></span></p></ix:continuation><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The actuarial assumptions</span><span style="font-size: 10pt; line-height: inherit;"> for the most relevant plans</span><span style="font-size: 10pt; line-height: inherit;"> were as follows:</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory" continuedAt="c7defc219-05b3-4889-9469-3337e747756a" id="Tag1131" escape="true"><table cellpadding="0" style="height: 65px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 14px; 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padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_BottomOfRangeMember_1" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" unitRef="Pure" id="Tag1145" decimals="2" scale="-2" format="ixt:num-dot-decimal">0</ix:nonFraction>% - <ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_TopOfRangeMember_1" name="ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" unitRef="Pure" id="Tag1276" decimals="2" scale="-2" format="ixt:num-dot-decimal">3</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr></tbody></table></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">As o</span><span style="font-size: 10pt; line-height: inherit;">f December 31, 20</span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-size: 10pt; line-height: inherit;">, an increase / (decrease) of <ix:nonFraction contextRef="I20221231_ActuarialAssumptionOfDiscountRatesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" unitRef="Pure" id="Tag3112" decimals="2" scale="-2" format="ixt:num-dot-decimal">1</ix:nonFraction>% in the discount rate assumption </span><span style="font-size: 10pt; 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line-height: inherit;">&#160;million respectively, and an increase / (decrease) of <ix:nonFraction contextRef="I20221231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" unitRef="Pure" id="Tag1353" decimals="2" scale="-2" format="ixt:num-dot-decimal">1</ix:nonFraction>% in the rate of compensation assumption </span><span style="font-size: 10pt; line-height: inherit;">of the main plans </span><span style="font-size: 10pt; line-height: inherit;">would have generated an increase / (decrease) impact on the </span><span style="font-size: 10pt; line-height: inherit;">defined benefit obligation of </span><span style="font-size: 10pt; line-height: inherit;">$</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" unitRef="USD" id="Tag1345" decimals="-5" scale="6" format="ixt:num-dot-decimal">3.2</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;"> million and </span><span style="font-size: 10pt; line-height: inherit;">$</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" unitRef="USD" id="Tag1365" decimals="-5" scale="6" format="ixt:num-dot-decimal">2.9</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;">million respectivel</span><span style="font-size: 10pt; line-height: inherit;">y. The above sensitivity analyse</span><span style="font-size: 10pt; line-height: inherit;">s </span><span style="font-size: 10pt; line-height: inherit;">are</span><span style="font-size: 10pt; line-height: inherit;"> based on a change in discount rate and rate of compensation while holding all other assumptions</span><span style="font-size: 10pt; line-height: inherit;"> constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; list-style-type: square; padding-left: 0pt;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 14.08pt; padding-left: 8.42pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Funded</span></li></ul><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: normal; line-height: inherit;">The amounts recognized in the statement of financial position</span><span style="font-size: 10pt; font-style: normal; line-height: inherit;"> for the current annual period and</span><span style="font-size: 10pt; font-style: normal; line-height: inherit;"> the</span><span style="font-size: 10pt; font-style: normal; line-height: inherit;"> previous </span><span style="font-size: 10pt; font-style: normal; line-height: inherit;">annual period</span><span style="font-size: 10pt; font-style: normal; line-height: inherit;">are as follows:</span></span></p><p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p><ix:continuation continuedAt="c5cef2ca0-be82-42d7-b2f2-2955d15d7dad" id="c9a983744-cb08-48af-a7aa-4c7a125dce9b"><div style="border-left: none; border-right: none;"><div id="t_ft_E14DQZZ3R400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 88px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Present value of funded obligations </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:DefinedBenefitObligationAtPresentValue" unitRef="USD" id="Tag3115" decimals="-3" scale="3" format="ixt:num-dot-decimal">116,617</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:DefinedBenefitObligationAtPresentValue" unitRef="USD" id="Tag1245" decimals="-3" scale="3" format="ixt:num-dot-decimal">159,528</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fair value of plan assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:PlanAssetsAtFairValue" unitRef="USD" id="Tag1383" decimals="-3" scale="3" format="ixt:num-dot-decimal">126,842</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:PlanAssetsAtFairValue" unitRef="USD" id="Tag1360" decimals="-3" scale="3" format="ixt:num-dot-decimal">160,504</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 20px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Asset <span style="font-size: 8pt;"><sup>(*)</sup></span></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:SurplusDeficitInPlan" unitRef="USD" id="Tag1375" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,225</ix:nonFraction></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:SurplusDeficitInPlan" unitRef="USD" id="Tag1382" decimals="-3" scale="3" format="ixt:num-dot-decimal">976</ix:nonFraction></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="border-right: none; border-left: none;"><span style="font-style: normal; line-height: inherit;"><sup>(*)</sup><span><ix:footnote xml:lang="en-US" id="footnote48" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;">In <span style="border-left: none; border-right: none;">2022</span> and <span style="border-left: none; border-right: none;">2021</span>, $<ix:nonFraction contextRef="I20221231" name="ts:OverfundedPlan" unitRef="USD" id="Tag3078" decimals="-5" scale="6" format="ixt:num-dot-decimal">14.6</ix:nonFraction> million and $<ix:nonFraction contextRef="I20211231" name="ts:OverfundedPlan" unitRef="USD" id="Tag1324" decimals="-6" scale="6" format="ixt:num-dot-decimal">9</ix:nonFraction> million corresponding to plans with surplus balances that were reclassified within other non-current assets, respectively.</span></span></span></span></ix:footnote></span></span></span></span></p></ix:continuation><div><p style="margin:0pt"><br/></p><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><div id="t_ft_9HT2JVFIOG00000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">58</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_70PQWI7MA800000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></ix:exclude></div><p style="line-height: 1.2; margin: 0pt;"><br/></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The movement in the present value of funded obligations is as follows:</span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><ix:continuation id="c5cef2ca0-be82-42d7-b2f2-2955d15d7dad"><div style="border-left: none; border-right: none;"><div id="t_ft_8WCJ043U8000000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 155px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1314" decimals="-3" scale="3" format="ixt:num-dot-decimal">159,528</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1363" decimals="-3" scale="3" format="ixt:num-dot-decimal">176,309</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1357" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,635</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1354" decimals="-3" scale="3" format="ixt:num-dot-decimal">356</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current service cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:CurrentServiceCostNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1325" decimals="-3" scale="3" format="ixt:num-dot-decimal">154</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:CurrentServiceCostNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1217" decimals="-3" scale="3" format="ixt:num-dot-decimal">222</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1362" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,293</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1238" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,190</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 19px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Remeasurements&#160;<sup>(*)</sup></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1385" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,349</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1356" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,019</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Benefits paid </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:PaymentsFromPlanNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1141" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,374</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:PaymentsFromPlanNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1213" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,530</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1144" decimals="-3" scale="3" format="ixt:num-dot-decimal">116,617</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1367" decimals="-3" scale="3" format="ixt:num-dot-decimal">159,528</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;"><sup>(*)</sup><span><ix:footnote xml:lang="en-US" id="footnote49" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">For <span style="border-left: none; border-right: none;">2022</span> a gain of $<ix:nonFraction contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1358" decimals="-5" scale="6" format="ixt:num-dot-decimal">4.8</ix:nonFraction> million is attributable to demographic assumptions and a gain of $<ix:nonFraction contextRef="D20221231_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1232" decimals="-5" scale="6" format="ixt:num-dot-decimal">25.6</ix:nonFraction> million to financial assumptions.</span></ix:footnote></span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span><ix:footnote xml:lang="en-US" id="footnote46" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">For <span style="border-left: none; border-right: none;">2021</span> a gain of $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1364" decimals="-5" scale="6" format="ixt:num-dot-decimal">0.4</ix:nonFraction></span> million is attributable to demographic assumptions and a gain of $<span style="border-left: none; border-right: none;"><ix:nonFraction contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1225" decimals="-5" scale="6" format="ixt:num-dot-decimal">6.6</ix:nonFraction></span> million to financial assumptions.</span></span></ix:footnote></span></p></ix:continuation><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The movement in the fair value of plan assets is as follows:&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfFairValueOfPlanAssetsExplanatory" id="Tag1148" escape="true"><div style="border-left: none; border-right: none;"><div id="t_ft_FBNFXLLVDS00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1239" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">160,504</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1315" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">157,335</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1215" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">6,639</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1335" decimals="-3" scale="3" format="ixt:num-dot-decimal">250</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Return on plan assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1221" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,319</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1337" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,793</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Remeasurements </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1346" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,987</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1139" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">10,817</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Contributions paid to the plan </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:ContributionsToPlanNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1321" decimals="-3" scale="3" format="ixt:num-dot-decimal">435</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:ContributionsToPlanNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1143" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,338</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Benefits paid from the plan </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:PaymentsFromPlanNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1348" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,374</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:PaymentsFromPlanNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1219" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,530</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1233" decimals="-3" scale="3" format="ixt:num-dot-decimal">416</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" unitRef="USD" id="Tag1256" decimals="-3" scale="3" format="ixt:num-dot-decimal">499</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1237" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">126,842</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_FairValueOfFundedPostemploymentBenefitsMember_PensionDefinedBenefitPlansMember" name="ifrs-full:LiabilityAssetOfDefinedBenefitPlans" unitRef="USD" id="Tag1228" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">160,504</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The major categories of plan assets as a percentage of total plan assets are as follows:</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><div id="t_ft_ZXNQQ8KXK000000000000000000000b"><table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ts:EquityInstrumentsPercentContributedToFairValueOfPlanAssets" unitRef="Pure" id="Tag1379" decimals="3" scale="-2" format="ixt:num-dot-decimal">28.8</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ts:EquityInstrumentsPercentContributedToFairValueOfPlanAssets" unitRef="Pure" id="Tag1275" decimals="3" scale="-2" format="ixt:num-dot-decimal">49.2</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Debt instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ts:DebtInstrumentsPercentContributedToFairValueOfPlanAssets" unitRef="Pure" id="Tag1338" decimals="3" scale="-2" format="ixt:num-dot-decimal">67.2</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ts:DebtInstrumentsPercentContributedToFairValueOfPlanAssets" unitRef="Pure" id="Tag1334" decimals="3" scale="-2" format="ixt:num-dot-decimal">46.7</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ts:OtherAssetsPercentContributedToFairValueOfPlanAssets" unitRef="Pure" id="Tag1333" decimals="3" scale="-2" format="ixt:num-dot-decimal">4.0</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember" name="ts:OtherAssetsPercentContributedToFairValueOfPlanAssets" unitRef="Pure" id="Tag1209" decimals="3" scale="-2" format="ixt:num-dot-decimal">4.1</ix:nonFraction>% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"></td></tr></tbody></table></div></div></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt;"><br/></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The actuarial assumptions for the most relevant plans were as follows:</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:continuation id="c7defc219-05b3-4889-9469-3337e747756a"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 68px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="background-color: #cceeff; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; 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line-height: inherit;">The methods and types of assumptions used in preparing the sensitivity analyses did not change compared to the previous period.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><div id="t_ft_J3WOARZ28000000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-59</span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_44101QN56O00000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; 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line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></div><div id="D9fsf3nlagfuj4jk6uhgny"><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" id="Tag2979" escape="true"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="font-family: &quot;times new roman&quot;, times; line-height: inherit; color: rgb(0, 51, 102);"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">23</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;">Non-current allowances and provisions</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Liabilities</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" id="Tag1389" escape="true"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1395" decimals="-3" scale="3" format="ixt:num-dot-decimal">83,556</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1394" decimals="-3" scale="3" format="ixt:num-dot-decimal">73,218</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1391" decimals="-3" scale="3" format="ixt:num-dot-decimal">357</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1297" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,476</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Additional allowance </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="USD" id="Tag1298" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,102</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:AdditionalProvisionsOtherProvisions" unitRef="USD" id="Tag1390" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,896</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" unitRef="USD" id="Tag2975" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,229</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" unitRef="USD" id="Tag2978" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,014</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used and other movements </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionForNoncurrentLiabilitiesMember" name="ts:ProvisionUsedOtherProvisionsMovements" unitRef="USD" id="Tag1392" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">5,096</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Values at the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1393" decimals="-3" scale="3" format="ixt:num-dot-decimal">98,126</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_ProvisionForNoncurrentLiabilitiesMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag2977" decimals="-3" scale="3" format="ixt:num-dot-decimal">83,556</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric></ix:nonNumeric><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;</span></p></div><div id="Daik1nrgx2tnnybzbyfep9" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfCurrentAllowancesAndProvisionsTextBlock" id="Tag1491" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 38.75pt; text-indent: -38.75pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">24</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Current </span><span style="font-size: 10pt; font-weight: bold;">allowances and </span><span style="font-size: 10pt; font-weight: bold;">provisions</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">(i)</span><span style="font-size: 10pt; font-style: italic; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; font-weight: bold;">Deducted from assets</span></span></p><div style="border-right: none; border-left: none;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock" id="Tag3119" escape="true"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for doubtful accounts - Trade receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for other doubtful accounts - Other receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for inventory obsolescence </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1401" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,120</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1407" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,206</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_AllowanceForInventoryObsolescenceMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1462" decimals="-3" scale="3" format="ixt:num-dot-decimal">245,774</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1454" decimals="-3" scale="3" format="ixt:num-dot-decimal">12</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1412" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">68</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_AllowanceForInventoryObsolescenceMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1411" decimals="-3" scale="3" format="ixt:num-dot-decimal">405</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (Additional) / reversal allowances </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ts:IncreaseDecreaseThroughReversalsAndAdditionalAllowances" unitRef="USD" id="Tag1436" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">223</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ts:IncreaseDecreaseThroughReversalsAndAdditionalAllowances" unitRef="USD" id="Tag1460" decimals="-3" scale="3" format="ixt:num-dot-decimal">346</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_AllowanceForInventoryObsolescenceMember" name="ts:IncreaseDecreaseThroughReversalsAndAdditionalAllowances" unitRef="USD" id="Tag1453" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,901</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ifrs-full:UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1442" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,414</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ifrs-full:UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1464" decimals="-3" scale="3" format="ixt:num-dot-decimal">5</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AllowanceForInventoryObsolescenceMember" name="ifrs-full:UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1439" decimals="-3" scale="3" format="ixt:num-dot-decimal">48,414</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1457" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,495</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1477" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,479</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_AllowanceForInventoryObsolescenceMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1443" decimals="-3" scale="3" format="ixt:num-dot-decimal">222,666</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 138px;" width="100%"><tbody><tr style="height: 34px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for doubtful accounts - Trade receivables </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for other doubtful accounts - Other receivables </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for inventory obsolescence </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1455" decimals="-3" scale="3" format="ixt:num-dot-decimal">53,676</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1481" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,917</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_AllowanceForInventoryObsolescenceMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1451" decimals="-3" scale="3" format="ixt:num-dot-decimal">263,635</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1437" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">111</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1459" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">227</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForInventoryObsolescenceMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1408" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,877</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Decrease due to sale of subsidiaries <span style="vertical-align: super; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" unitRef="USD" id="Tag1406" decimals="-3" scale="3" format="ixt:num-dot-decimal">2</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" unitRef="USD" id="Tag1432" decimals="-3" scale="3" format="ixt:num-dot-decimal">10</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForInventoryObsolescenceMember" name="ifrs-full:DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" unitRef="USD" id="Tag1480" decimals="-3" scale="3" format="ixt:num-dot-decimal">405</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (Additional) / reversal allowances </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ts:IncreaseDecreaseThroughReversalsAndAdditionalAllowances" unitRef="USD" id="Tag1465" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,297</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ts:IncreaseDecreaseThroughReversalsAndAdditionalAllowances" unitRef="USD" id="Tag1431" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">379</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_AllowanceForInventoryObsolescenceMember" name="ts:IncreaseDecreaseThroughReversalsAndAdditionalAllowances" unitRef="USD" id="Tag1402" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,296</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ifrs-full:UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1438" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,146</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ifrs-full:UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1476" decimals="-3" scale="3" format="ixt:num-dot-decimal">95</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AllowanceForInventoryObsolescenceMember" name="ifrs-full:UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1430" decimals="-3" scale="3" format="ixt:num-dot-decimal">38,875</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_AllowanceForDoubtfulAccountsTradeReceivablesMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1429" decimals="-3" scale="3" format="ixt:num-dot-decimal">47,120</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1467" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,206</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_AllowanceForInventoryObsolescenceMember" name="ifrs-full:AllowanceAccountForCreditLossesOfFinancialAssets" unitRef="USD" id="Tag1469" decimals="-3" scale="3" format="ixt:num-dot-decimal">245,774</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(*) </span><span><ix:footnote xml:lang="en-US" id="footnote50" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="line-height: inherit;"><span style="line-height: inherit;">&#160;Rel</span><span style="line-height: inherit;">ated to Geneva sale. See note <span style="border-left: none; border-right: none;">6</span> to these Consolidated Financial Statements.</span></span></ix:footnote></span></span></p></ix:nonNumeric></div></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 17px;"><tbody><tr style="height: 17px;"><td class="pgno" style="padding: 0px; text-align: center; height: 17px;"><span style="font-size: 10pt;" class="pageno">F-60</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" xmlns="http://www.w3.org/1999/xhtml"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(ii)</span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Liabilities</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" id="Tag1499" escape="true"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 121px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 19px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Year ended December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Sales risks </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Other claims and contingencies&#160;<span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1414" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,468</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1474" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,854</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1400" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,322</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1404" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">160</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1409" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">97</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1434" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">257</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Additional provisions </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ts:AdditionalProvisionsOtherProvisionsReversals" unitRef="USD" id="Tag1413" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,315</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ts:AdditionalProvisionsOtherProvisionsReversals" unitRef="USD" id="Tag1461" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,189</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember" name="ts:AdditionalProvisionsOtherProvisionsReversals" unitRef="USD" id="Tag1405" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,504</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" unitRef="USD" xsi:nil="true" id="Tag1475"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" unitRef="USD" id="Tag1450" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,229</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" unitRef="USD" id="Tag1473" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,229</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="USD" id="Tag1452" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,437</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="USD" id="Tag1468" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,718</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="USD" id="Tag1466" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,155</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1441" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,186</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1470" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,999</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1398" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,185</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0pt; line-height: 1.2;"><br/></p><p style="margin: 0pt; line-height: 1.2;"><br/></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 132px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Sales risks </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Other claims and contingencies&#160;<span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1444" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,795</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1410" decimals="-3" scale="3" format="ixt:num-dot-decimal">10,484</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20201231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1403" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,279</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1445" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1433" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">736</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" unitRef="USD" id="Tag1458" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">739</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Additional provisions </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ts:AdditionalProvisionsOtherProvisionsReversals" unitRef="USD" id="Tag1463" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,506</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ts:AdditionalProvisionsOtherProvisionsReversals" unitRef="USD" id="Tag1472" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,596</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember" name="ts:AdditionalProvisionsOtherProvisionsReversals" unitRef="USD" id="Tag1446" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,102</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" unitRef="USD" xsi:nil="true" id="Tag1456"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" unitRef="USD" id="Tag1435" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,014</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" unitRef="USD" id="Tag1399" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,014</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 13px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 13px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="USD" id="Tag1397" decimals="-3" scale="3" format="ixt:num-dot-decimal">3,830</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="USD" id="Tag1471" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,476</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:ProvisionUsedOtherProvisions" unitRef="USD" id="Tag1440" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,306</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_ProvisionsForCurrentLiabilitiesMember_SalesRisksMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1449" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,468</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_ProvisionsForCurrentLiabilitiesMember_MiscellaneousOtherProvisionsMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1478" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,854</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_ProvisionsForCurrentLiabilitiesMember" name="ifrs-full:OtherProvisions" unitRef="USD" id="Tag1479" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,322</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(*) </span><span><ix:footnote xml:lang="en-US" id="footnote51" footnoteRole="http://www.xbrl.org/2003/role/footnote">&#160;<span style="line-height: inherit;">Other claims and contingencies mainly include lawsuits and other legal proceedings, including employee, tax and environmental-related claims.</span></ix:footnote></span></span></p></ix:nonNumeric></div></ix:nonNumeric><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt;">&#160;</span></p></div><div id="Dnd4z2ax8yvrqbxu9g1kl8" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory" id="Tag1513" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">25</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; margin-left: 30px;">Derivative financial instruments</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Net fair values of derivative financial instruments</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-variant: small-caps;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The net fair values of derivative financial instruments</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, in accordance with </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">IFRS </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">13</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re:</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock" id="Tag2299" escape="true"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivatives hedging borrowings and investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_DerivativesHedgingBorrowingsAndInvestmentsMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag3008" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,480</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_DerivativesHedgingBorrowingsAndInvestmentsMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag3006" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,472</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other derivatives </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_OtherDerivativesMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag2971" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,325</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_OtherDerivativesMember" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag1630" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,843</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Contracts with positive fair values </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag1684" decimals="-3" scale="3" format="ixt:num-dot-decimal">30,805</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ifrs-full:DerivativeFinancialAssets" unitRef="USD" id="Tag2959" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,315</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivatives hedging borrowings and investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_DerivativesHedgingBorrowingsAndInvestmentsMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" xsi:nil="true" id="Tag1614"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_DerivativesHedgingBorrowingsAndInvestmentsMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag1633" decimals="-3" scale="3" format="ixt:num-dot-decimal">147</ix:nonFraction>) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other derivatives </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_OtherDerivativesMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag1602" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_OtherDerivativesMember" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag1557" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,181</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Contracts with negative fair values </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag1635" decimals="-3" scale="3" format="ixt:num-dot-decimal">7,127</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231" name="ifrs-full:DerivativeFinancialLiabilities" unitRef="USD" id="Tag1519" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,328</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1587" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,678</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1588" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">13</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></ix:nonNumeric><div><ix:exclude><div xmlns="http://www.w3.org/1999/xhtml"><p style="margin: 0px; text-indent: 0px;"><br/></p><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-61</span></td></tr></tbody></table><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" xmlns="http://www.w3.org/1999/xhtml"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i><span></span></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></ix:exclude></div><p style="margin: 0px; text-indent: 0px;"><span style="font-size: 10pt; text-align: justify;"><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Foreign e</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">xchange </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">and commodities </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">derivative</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> contracts</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> and hedge accounting</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">Te</span><span style="letter-spacing: -0.1pt; line-height: inherit;">naris applies hedge accounting </span><span style="letter-spacing: -0.1pt; line-height: inherit;">to certain cash flow hedges of highly probable forecast transactions. </span>The net fair values of exchange rate derivatives and those derivatives that were designated for hedge accounting as of December 31, 2022 and 2021 were as follows:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfDetailedInformationAboutHedgedItemsExplanatory" id="Tag3003" escape="true"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 255px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Purchase currency </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Sell currency </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Term </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.1894%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.6332%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Hedge Accounting Reserve </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MXN </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag2969" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,571</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag3005" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,444</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1632" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">67</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1523" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">93</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MXN </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" xsi:nil="true" id="Tag17"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1559" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">838</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1517"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1558"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag2972" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,866</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag2958" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,670</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1616" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,786</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1613" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,430</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1594" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,783</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1607" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,092</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1521" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,935</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag2963" decimals="-3" scale="3" format="ixt:num-dot-decimal">8,258</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> JPY </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" xsi:nil="true" id="Tag1634"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1637" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">269</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1628"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1522" decimals="-3" scale="3" format="ixt:num-dot-decimal">557</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> BRL </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1592" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,490</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1600" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,030</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1619"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1520"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> KWD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag2966" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">129</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" xsi:nil="true" id="Tag1604"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1605"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag2962"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> CAD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1623" decimals="-3" scale="3" format="ixt:num-dot-decimal">404</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1610" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">246</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1655"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> GBP </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1606" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">11</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1597" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">55</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1609"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1589"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> CNY </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1591" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">242</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1673" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">130</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1627"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1625"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> BRL </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1601" decimals="-3" scale="3" format="ixt:num-dot-decimal">223</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag2967" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">238</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1656"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag2964"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractOtherMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag2968" decimals="-3" scale="3" format="ixt:num-dot-decimal">63</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_ForeignExchangeContractOtherMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1654" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">40</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_ForeignExchangeContractOtherMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag20" decimals="-3" scale="3" format="ixt:num-dot-decimal">3</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_ForeignExchangeContractOtherMember_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1692"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1595" decimals="-3" scale="3" format="ixt:num-dot-decimal">27,038</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag2960" decimals="-3" scale="3" format="ixt:num-dot-decimal">20</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1657" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,085</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CashFlowHedgesMember_PurchaseForeignExchangeContractMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1622" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,292</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 12pt; text-align: justify; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8349%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Purchase Commodity </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Term </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Hedge Accounting Reserve </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.963%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Houston Ship Channel Gas </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsHoustonShipChannelGasMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1621" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">814</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsHoustonShipChannelGasMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1653" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">33</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.48148%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsHoustonShipChannelGasMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag2965" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">814</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsHoustonShipChannelGasMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1618" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">33</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> LME Scrap </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag2961" decimals="-3" scale="3" format="ixt:num-dot-decimal">29</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" xsi:nil="true" id="Tag1690"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag3004" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,148</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1636"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 42.963%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Iron Ore </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsIronOreMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1518" decimals="-3" scale="3" format="ixt:num-dot-decimal">12</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsIronOreMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" xsi:nil="true" id="Tag1611"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsIronOreMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1608" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,274</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsIronOreMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1556"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Electric Energy </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsElectricEnergyMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1603" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">519</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsElectricEnergyMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" xsi:nil="true" id="Tag1620"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsElectricEnergyMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag2970" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">519</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsElectricEnergyMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag1599"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TTF Gas </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1593" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,068</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" xsi:nil="true" id="Tag1624"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1631" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">2,207</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" xsi:nil="true" id="Tag79"></ix:nonFraction> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1590" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">3,360</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CashFlowHedgesMember" name="ts:DerivativeFinancialAssetsLiabilities" unitRef="USD" id="Tag1612" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">33</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231_PurchaseCommodityContractMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag18" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">7,963</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20211231_PurchaseCommodityContractMember_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1626" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">33</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">F</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">ollowing is a summary</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> of the hedge reserve evolution:</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-style: normal; line-height: inherit;">(all amounts in thousands of U.S. dollars)</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock" id="Tag1585" escape="true"><table cellpadding="0" style="height: 68px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity Reserve </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dec-2020</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Movements 2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity Reserve </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dec-2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Movements 2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity Reserve </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dec-2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Foreign Exchange &amp; Commodities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20201231_CashFlowHedgesMember_ForeignExchangeAndCommoditiesDerivativesContractsMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1598" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,771</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_CashFlowHedgesMember_ForeignExchangeAndCommoditiesDerivativesContractsMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="USD" id="Tag80" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,030</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_CashFlowHedgesMember_ForeignExchangeAndCommoditiesDerivativesContractsMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1629" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,259</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_CashFlowHedgesMember_ForeignExchangeAndCommoditiesDerivativesContractsMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="USD" id="Tag1555" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,863</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_CashFlowHedgesMember_ForeignExchangeAndCommoditiesDerivativesContractsMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1617" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,122</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total Cash flow Hedge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20201231_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1615" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">4,771</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_CashFlowHedgesMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="USD" id="Tag1691" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,030</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1596" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,259</ix:nonFraction></span></p></td><td style="padding-left: 0px; 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font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_CashFlowHedgesMember" name="ifrs-full:GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" unitRef="USD" id="Tag21" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,863</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20221231_CashFlowHedgesMember" name="ifrs-full:ReserveOfCashFlowHedgesContinuingHedges" unitRef="USD" id="Tag1586" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,122</ix:nonFraction></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">Tenaris estimates that t</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">he cash flow he</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">dge reserve </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">corresponding to derivatives instruments </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">at </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">December 31, 20</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">2</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">2</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> will be recycled to the Consolida</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">ted Income </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">Statement </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">during 202</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">3</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">.</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> For informa</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">tion on </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">hedge accounting reserve,</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">see</span><span style="font-size: 10pt; 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Management with the assistance of legal counsel periodically reviews the status of each significant matter and assesses potential financial exposure. </span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Some of these claims, lawsuits and other legal proceedings involve highly complex issues, and often these issues are subject to substantial uncertainties and, therefore, the probability of loss and an estimation of damages are difficult to ascertain. Accordingly, with respect to a large portion of such claims, lawsuits and other legal proceedings, the Company is unable to make a reliable estimate of the expected financial effect that will result from ultimate resolution of the proceeding. In those cases, the Company has not accrued a provision for the potential outcome of these cases.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">If a potential loss from a claim, lawsuit or other proceeding is considered probable and the amount can be reasonably estimated, a provision is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements and take into consideration litigation and settlement strategies. In a limited number of ongoing cases, the Company was able to make a reliable estimate of the expected loss or range of probable loss and, depending on the likelihood of occurrence, in some of such cases has accrued a provision for such loss but believes that publication of this information on a case-by-case basis would seriously prejudice the Tenaris&#8217;s position in the ongoing legal proceedings or in any related settlement discussions. 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Both parties filed motions for clarification against the court&#8217;s decision, which were partially granted. 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In June 2022, the court resolved that it lacked jurisdiction to decide on the appeal</span><span style="font-size: 10pt; line-height: inherit;">, which was </span><span style="font-size: 10pt; line-height: inherit;">re-allocat</span><span style="font-size: 10pt; line-height: inherit;">ed</span><span style="font-size: 10pt; line-height: inherit;"> to another court. </span><span style="font-size: 10pt; line-height: inherit;">The parties are currently waiting for the trial of the appeal to be scheduled. </span><span style="font-size: 10pt; line-height: inherit;">At this stage the Company cannot predict the outcome of the claim or the amount or range of loss in case of an unfavorable outcome.</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"><ix:exclude><div style="line-height: 1.2;" xmlns="http://www.w3.org/1999/xhtml"><div style="border-left: none; border-right: none;"><div id="t_ft_IRB06UUQXS00000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">64</span></span></td></tr></tbody></table></div></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div style="border-left: none; border-right: none;" xmlns="http://www.w3.org/1999/xhtml"><div id="t_ft_KB98TEKPKG00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></div></div></ix:exclude></div></div><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 43.42pt; orphans: 0; text-align: justify; text-indent: -21.8pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Petrobras-related proceedings and claims</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The Company is aware that Brazilian, Italian and Swiss authorities investigated whether certain payments were made prior to 2014 from accounts of entities presumably associated with affiliates of the Company to accounts allegedly linked to individuals related to Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;) and whether any such payments were intended to benefit the Company&#8217;s Brazilian subsidiary Confab.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Upon learning of the investigation, the Audit Committee of the Company's Board of Directors engaged external counsel in connection with the Company&#8217;s review of these matters. In addition, the Company voluntarily notified the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) and the U.S. Department of Justice (&#8220;DOJ&#8221;) in October 2016. The Company conducted, with the assistance of external counsel, an internal investigation and found no evidence corroborating any involvement by the Company or its directors, officers or employees in respect of improper payments. An internal investigation commissioned by Petrobras also found no evidence that Confab obtained any unfair commercial benefit or advantage from Petrobras in return for payments, including improperly obtained contracts. On June 2, 2022, the Company resolved the investigation by the SEC, and the DOJ informed that it had closed its parallel inquiry without taking action. Under the settlement with the SEC, the Company neither admits nor denies the SEC&#8217;s findings and on June 24, 2022, paid $<ix:nonFraction contextRef="I20220624_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" name="ts:SettlementAmountOrderedToPay" unitRef="USD" id="Tag54" decimals="-5" scale="6" format="ixt:num-dot-decimal">53.1</ix:nonFraction> million in disgorgement and prejudgment interest and $<ix:nonFraction contextRef="I20220624_ContingentLiabilityForCivilPenaltyMember" name="ts:SettlementAmountOrderedToPay" unitRef="USD" id="Tag3073" decimals="-6" scale="6" format="ixt:num-dot-decimal">25</ix:nonFraction> million for a civil penalty to conclude the matter.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In July 2019, the Company learned that the public prosecutors&#8217; office of Milan, Italy, had completed a preliminary investigation into the same alleged payments and had included in the investigation, among other persons, the Company&#8217;s Chairman and Chief Executive Officer, two other board members, Gianfelice Rocca and Roberto Bonatti, and the Company&#8217;s controlling shareholder, San Faustin. The Company is not a party to the proceedings. On March 22, 2022, upon completion of the evidentiary phase of the trial, the acting prosecutor requested the first-instance court in Milan in charge of the case to impose sanctions on the Company's Chairman and Chief Executive Officer, on the other two board members, and on San Faustin. The Company&#8217;s outside counsel in Italy advised the Company that neither the case file nor the prosecutor&#8217;s request contain or identify any evidence of involvement in, or knowledge of, the alleged wrongdoing by any of the three directors. On May 26, 2022, the first-instance court dismissed the case brought by the public prosecutor against the defendants for lack of jurisdiction and stated that the criminal proceeding should not have been initiated. On October 7, 2022, the public prosecutor filed an appeal against the first-instance court&#8217;s decision. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In June 2020, the Brazilian public prosecutors&#8217; office requested the indictment of several individuals, including three executives or former executives of Confab and a former agent of Confab, charging them with the alleged crimes of corruption in relation to contracts executed between 2007 and 2010, and money laundering in relation to payments between 2009 and 2013. These criminal proceedings are underway. Neither the Company nor Confab is a party to these criminal proceedings.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In addition, Petrobras and the Brazilian public prosecutors filed civil claims for damages against, among others, Confab and the Confab executives named in the criminal proceedings referred to above. Confab became aware of these civil claims in September 2022. 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The plaintiffs also seek that Confab be prohibited from contracting with, or receiving benefits or exemptions from, the Brazilian state for an unspecified term. Confab believes these claims do not address either the defense arguments or the evidence available to the plaintiffs in Brazil and presented in other jurisdictions and is vigorously contesting them. 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On April 29, 2019, the court consolidated the complaints into a single case, captioned &#8220;In re Tenaris S.A. Securities Litigation&#8221;, and appointed lead plaintiffs and lead counsel. On July 19, 2019, the lead plaintiffs filed an amended complaint purportedly on behalf of purchasers of Tenaris securities during the putative class period of May 1, 2014, through December 5, 2018. The individual defendants named in the complaint are Tenaris&#8217;s Chairman and CEO and Tenaris&#8217;s former CFO. The complaint alleges that during the class period, the Company and the individual defendants inflated the Tenaris share price by failing to disclose that the nationalization proceeds received by Ternium (in which the Company held an <ix:nonFraction contextRef="D20221231_TerniumSAMember" name="ifrs-full:ProportionOfOwnershipInterestInAssociate" unitRef="Pure" id="Tag12" decimals="4" scale="-2" format="ixt:num-dot-decimal">11.46</ix:nonFraction>% stake) when Sidor was expropriated by Venezuela were received or expedited as a result of allegedly improper payments made to Argentine officials. The complaint does not specify the damages that plaintiff is seeking. On October 9, 2020, the court granted in part and denied in part the defendants&#8217; motions to dismiss. The court partially granted and partially denied the motion to dismiss the claims against the Company and its Chairman and CEO. In addition, the court granted the motions to dismiss as to all claims against San Faustin, Techint, and Tenaris&#8217;s former CFO. On November 11, 2022, the parties filed a joint notice of settlement announcing a settlement in principle of all claims in the action, subject to finalizing the settlement agreements and court approval.</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">The parties&#8217; agreement in principle provides that, in exchange for dismissal of the action and customary releases from class members and with no admission of liability by Tenaris or Mr. Rocca, Tenaris will pay to the class $<ix:nonFraction contextRef="D20221231_LegalProceedingsContingentLiabilityMember" name="ts:PaymentsForSettlement" unitRef="USD" id="Tag2397" decimals="-5" scale="6" format="ixt:num-dot-decimal">9.5</ix:nonFraction> million (inclusive of legal fees to lead plaintiff&#8217;s counsel).&#160;</span></span><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-ansi-language: EN-GB; mso-no-proof: yes;">On March 10, 2023, the&#160;lead plaintiffs filed a motion for preliminary approval of the class settlement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt; orphans: 0; text-align: justify; text-indent: 14.2pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Administrative proceeding concerning Brazilian tax credits</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; letter-spacing: -0.1pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Confab is a party to an administrative proceeding concerning the recognition and transfer of tax credits for an amount allegedly exceeding the amount that Confab would have been entitled to recognize and / or transfer. The proceeding resulted in the imposition of a fine against Confab representing approximately <ix:nonFraction contextRef="I20221231_ConfabIndustrialSaAndSubsidiariesMember_TaxContingentLiabilityMember" name="ts:FineImposedPercentageOfAllegedlyUndueCredits" unitRef="Pure" id="Tag52" decimals="2" scale="-2" format="ixt:num-dot-decimal">75</ix:nonFraction>% of the allegedly undue credits, which was appealed by Confab. On January 21, 2019, Confab was notified of an administrative decision denying Confab&#8217;s appeal, thereby upholding the tax determination and the fine against Confab. On January 28, 2019, Confab challenged such administrative decision and is currently awaiting a resolution. In case of an unfavorable resolution, Confab may appeal before the courts. The estimated amount of this claim is BRL</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_ConfabIndustrialSaAndSubsidiariesMember_TaxContingentLiabilityMember" name="ifrs-full:EstimatedFinancialEffectOfContingentLiabilities" unitRef="BRL" id="Tag2403" decimals="-5" scale="6" format="ixt:num-dot-decimal">59.2</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;"> million (approximately $</span><span style="font-size: 10pt; line-height: inherit;"><ix:nonFraction contextRef="I20221231_ConfabIndustrialSaAndSubsidiariesMember_TaxContingentLiabilityMember" name="ifrs-full:EstimatedFinancialEffectOfContingentLiabilities" unitRef="USD" id="Tag2410" decimals="-5" scale="6" format="ixt:num-dot-decimal">11.3</ix:nonFraction></span><span style="font-size: 10pt; line-height: inherit;"> million). At this stage, the Company cannot predict the outcome of this claim.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt; orphans: 0; text-align: justify; text-indent: 14.2pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">U.S. patent infringement litigation</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="text-align: justify; line-height: 12pt; vertical-align: baseline; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times;">Tenaris Coiled Tubes, LLC (&#8220;TCT&#8221;), a U.S. subsidiary of the Company, was sued in 2017 by its competitor Global Tubing, alleging defamatory conduct by TCT and seeking a declaration that certain Global Tubing products do not infringe patents held by TCT. TCT counterclaimed that certain Global Tubing products did infringe patents held by TCT, and Global Tubing has since sought to invalidate such patents. On December 13, 2019, Global Tubing filed an amended complaint (including the Company as defendant), alleging, among other things, that TCT and the Company had misled the patent office. On March 20, 2023, the judge granted summary judgment in favor of Global Tubing, concluding that the patents at issue are unenforceable due to inequitable conduct during the patent prosecution process. TCT and the Company are analyzing whether to appeal this judgment. Although it is not possible to predict the final outcome of this matter, the Company believes that any potential losses arising from this case will not be material.</span><span></span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"><ix:exclude><div style="line-height: 1.2;" xmlns="http://www.w3.org/1999/xhtml"><div style="border-left: none; border-right: none;"><div id="t_ft_O4DSB7PSF400000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">66</span></span></td></tr></tbody></table></div></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div style="border-left: none; border-right: none;" xmlns="http://www.w3.org/1999/xhtml"><div id="t_ft_7FQAFH0M3K00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div></div><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 23.78pt; orphans: 0; padding-left: 11.67pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">U.S. Antidumping Duty and Countervailing Duty Investigations</span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">On October 27, 2021, the U.S. Department of Commerce (&#8220;DOC&#8221;) announced the initiation of antidumping duty investigations of oil country tubular goods (&#8220;OCTG&#8221;) from Argentina, Mexico, and Russia and countervailing duty investigations of OCTG from Russia and South Korea. The investigations were initiated on the basis of a petition by U.S. Steel Tubular Products, Inc., a small number of other U.S. domestic welded OCTG producers, and a steelworkers&#8217; union. On November 22, 2021, the International Trade Commission (&#8220;ITC&#8221;) made a preliminary determination of injury, allowing the investigations to proceed. Subsequently, the DOC issued affirmative preliminary and final antidumping determinations with respect to imports from Argentina, Mexico and Russia, and final affirmative countervailing duty determinations with respect to imports from Russia and from some Korean exporters. On October 27, 2022, the ITC determined that the imports under investigation caused injury to the U.S. OCTG industry, bringing the investigation phase to a conclusion. </span><span style="font-size: 10pt; line-height: inherit;">Tenaris and other parties have appealed the agency determinations from the investigation to the Court of International Trade. </span><span style="font-size: 10pt; line-height: inherit;">As a result of the investigation, and unless overturned on appeal, Tenaris is required to pay antidumping duty deposits (at a rate of <ix:nonFraction contextRef="D20221027_AR" name="ts:DumpingRateImposed" unitRef="Pure" id="Tag3057" decimals="4" scale="-2" format="ixt:num-dot-decimal">78.30</ix:nonFraction>% for imports from Argentina and <ix:nonFraction contextRef="D20221027_MX" name="ts:DumpingRateImposed" unitRef="Pure" id="Tag2406" decimals="4" scale="-2" format="ixt:num-dot-decimal">44.93</ix:nonFraction>% for imports from Mexico) until such time the imports are reviewed by the DOC to determine whether final duties are necessary for the specific period under review. Tenaris has been paying such deposits since May 11, 2022, reflecting the amount of such deposits in its costs. The deposit rates may be reset periodically based on the results of the review process. 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Monthly payments are determined on the basis of capacity charges, operation costs, back-up power charges, and transmission charges. As of the seventh contract year (as long as Techgen&#8217;s existing or replacing bank facility has been repaid in full), the Company&#8217;s subsidiary has the right to suspend or early terminate the contract if the rate payable under the agreement is higher than the rate charged by the </span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Comisi&#243;n Federal de Electricidad</span><span style="font-size: 10pt; line-height: inherit;"> (&#8220;CFE&#8221;) or its successors. The Company&#8217;s subsidiary may instruct Techgen to sell to any affiliate, to CFE, or to any other third party all or any part of unused contracted energy under the agreement and the Company&#8217;s subsidiary will benefit from the proceeds of such sale.&#160;</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">A U.S. subsidiary of the Company is a party to a contract with Nucor Steel Memphis Inc. under which it is committed to purchase on a monthly basis a specified minimum volume of steel bars, at prices subject to quarterly adjustments. 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The contract gives the subsidiary of the Company the right to temporarily reduce the quantities to be purchased thereunder to <ix:nonFraction contextRef="I20221231_TenarisBayCityIncMember_NucorSteelMemphisIncMember" name="ts:PurchaseCommitmentsPercentageToBeMade" unitRef="Pure" id="Tag2400" decimals="2" scale="-2" format="ixt:num-dot-decimal">75</ix:nonFraction>% of the agreed-upon minimum volume in cases of material adverse changes in prevailing economic or market conditions.</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In connection with the closing of the acquisition of IPSCO, a U.S. subsidiary of the Company entered into a <ix:nonNumeric contextRef="D20221231_IpscoTubularsIncMember_ContingentLiabilityForGuaranteesMember" name="ts:TermOfSupplyContract" id="Tag2402" format="ixt-sec:duryear">6</ix:nonNumeric>-year master distribution agreement (the &#8220;MDA&#8221;) with PAO TMK (&#8220;TMK&#8221;) whereby, since January 2, 2020, Tenaris is the exclusive distributor of TMK&#8217;s OCTG and line pipe products in United States and Canada. At the end of the MDA&#8217;s 6-year term, TMK will have the option to extend the duration of its term for an additional <ix:nonNumeric contextRef="D20221231_IpscoTubularsIncMember_ContingentLiabilityForGuaranteesMember" name="ts:TermOfSupplyContractAvailableExtension" id="Tag15" format="ixt-sec:durmonth">12</ix:nonNumeric>-month period. Under the MDA, the Company is required to purchase specified minimum volumes of TMK-manufactured OCTG and line pipe products, based on the aggregate market demand for the relevant product category in the United States in the relevant year. 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The Company&#8217;s Consolidated Financial Statements should be read taking into account these circumstances.</span></p><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">This context of volatility and uncertainty remains in place as of the issue date of these Consolidated Financial Statements. If restrictions to access the official foreign exchange market continue to be maintained, or are further tightened, our Argentine subsidiaries could be restricted from making payment of imports for key steelmaking inputs (which would adversely affect their operations), or would need to resort to alternative, more expensive arrangements (which would adversely affect their results of operations).</span></p><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On August 19, 2022, the Board of Directors of Siderca S.A.I.C., an Argentine subsidiary of the Company, approved the distribution of a dividend in kind of approximately ARS<ix:nonFraction contextRef="D20220819_AR_SidercaSaicAndSubsidiariesMember_ArgentineSovereignBondsMember" name="ts:DistributionOfDividendInKind" unitRef="ARS" id="Tag3067" decimals="-6" scale="6" format="ixt:num-dot-decimal">7,394</ix:nonFraction> million paid in Argentine sovereign bonds, which in the Argentine market had a valuation of approximately $<ix:nonFraction contextRef="D20220819_AR_ArgentineSovereignBondsMember" name="ts:DistributionOfDividendInKind" unitRef="USD" id="Tag4" decimals="-5" scale="6" format="ixt:num-dot-decimal">54.4</ix:nonFraction> million. Considering that, as a result of the foreign exchange restrictions described above, the value of such bonds in the international market was approximately $<ix:nonFraction contextRef="D20220819_ArgentineSovereignBondsMember_InternationalMarketMember" name="ts:DistributionOfDividendInKind" unitRef="USD" id="Tag2463" decimals="-5" scale="6" format="ixt:num-dot-decimal">24.6</ix:nonFraction> million, the Company recorded a loss of approximately $<ix:nonFraction contextRef="D20220819_ArgentineSovereignBondsMember" name="ts:LossArisingFromDividendPaidInKind" unitRef="USD" id="Tag2464" decimals="-5" scale="6" format="ixt:num-dot-decimal">29.8</ix:nonFraction> million in <span style="font-style: italic;">Other Financial Results.</span></span></p></ix:nonNumeric></div><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div id="Dgmd7dn1hiohzkyormsc8j" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfCashFlowStatementExplanatory" id="Tag2467" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; color: rgb(0, 51, 102);"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">29</span></span><span style="font-weight: bold; margin-left: 30px;">Cash flow disclosures</span></span></p><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock" id="Tag2466" escape="true"><div id="t_ft_IA54ID5RCG00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 325px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (i) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Changes in working capital </span><span style="font-weight: bold; vertical-align: super; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Inventories </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForDecreaseIncreaseInInventories" unitRef="USD" id="Tag2434" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,329,865</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForDecreaseIncreaseInInventories" unitRef="USD" id="Tag2429" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,085,024</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForDecreaseIncreaseInInventories" unitRef="USD" id="Tag2444" decimals="-3" scale="3" format="ixt:num-dot-decimal">818,913</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables and prepayments and current tax assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets" unitRef="USD" id="Tag2427" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">155,449</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets" unitRef="USD" id="Tag2446" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">79,912</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ts:AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets" unitRef="USD" id="Tag3090" decimals="-3" scale="3" format="ixt:num-dot-decimal">67,610</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade receivables </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" unitRef="USD" id="Tag2458" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,208,278</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" unitRef="USD" id="Tag2450" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">356,069</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" unitRef="USD" id="Tag2453" decimals="-3" scale="3" format="ixt:num-dot-decimal">414,826</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForIncreaseDecreaseInOtherLiabilities" unitRef="USD" id="Tag2452" decimals="-3" scale="3" format="ixt:num-dot-decimal">57,389</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForIncreaseDecreaseInOtherLiabilities" unitRef="USD" id="Tag2422" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,892</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForIncreaseDecreaseInOtherLiabilities" unitRef="USD" id="Tag2456" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">36,000</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Customer advances </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" unitRef="USD" id="Tag2426" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,066</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" unitRef="USD" id="Tag2448" decimals="-3" scale="3" format="ixt:num-dot-decimal">44,661</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" unitRef="USD" id="Tag2449" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">29,253</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade payables </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" unitRef="USD" id="Tag2431" decimals="-3" scale="3" format="ixt:num-dot-decimal">353,892</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" unitRef="USD" id="Tag2443" decimals="-3" scale="3" format="ixt:num-dot-decimal">399,988</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables" unitRef="USD" id="Tag2425" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">180,807</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncreaseDecreaseInWorkingCapital" unitRef="USD" id="Tag2440" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,131,245</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncreaseDecreaseInWorkingCapital" unitRef="USD" id="Tag2442" decimals="-3" scale="3" format="ixt:num-dot-decimal">1,071,464</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:IncreaseDecreaseInWorkingCapital" unitRef="USD" id="Tag2433" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,055,289</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (ii) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income tax accruals less payments </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 6%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 61%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax accrued </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 10%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ts:IncomeTaxesAccrued" unitRef="USD" id="Tag2447" decimals="-3" scale="3" format="ixt:num-dot-decimal">617,236</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ts:IncomeTaxesAccrued" unitRef="USD" id="Tag3091" decimals="-3" scale="3" format="ixt:num-dot-decimal">189,448</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ts:IncomeTaxesAccrued" unitRef="USD" id="Tag2437" decimals="-3" scale="3" format="ixt:num-dot-decimal">23,150</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Taxes paid </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" unitRef="USD" id="Tag2428" decimals="-3" scale="3" format="ixt:num-dot-decimal">359,585</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" unitRef="USD" id="Tag2430" decimals="-3" scale="3" format="ixt:num-dot-decimal">153,846</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities" unitRef="USD" id="Tag2432" decimals="-3" scale="3" format="ixt:num-dot-decimal">140,364</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForIncomeTaxExpense" unitRef="USD" id="Tag2454" decimals="-3" scale="3" format="ixt:num-dot-decimal">257,651</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForIncomeTaxExpense" unitRef="USD" id="Tag2455" decimals="-3" scale="3" format="ixt:num-dot-decimal">35,602</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForIncomeTaxExpense" unitRef="USD" id="Tag2439" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">117,214</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (iii) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Interest accruals less payments, net </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest accrued </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ts:InterestAccrued" unitRef="USD" id="Tag2438" decimals="-3" scale="3" format="ixt:num-dot-decimal">34,080</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ts:InterestAccrued" unitRef="USD" id="Tag2459" decimals="-3" scale="3" format="ixt:num-dot-decimal">14,371</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ts:InterestAccrued" unitRef="USD" id="Tag2436" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,627</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest received </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForInterestIncome" unitRef="USD" id="Tag2423" decimals="-3" scale="3" format="ixt:num-dot-decimal">68,335</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForInterestIncome" unitRef="USD" id="Tag2451" decimals="-3" scale="3" format="ixt:num-dot-decimal">24,567</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:AdjustmentsForInterestIncome" unitRef="USD" id="Tag2457" decimals="-3" scale="3" format="ixt:num-dot-decimal">19,613</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest paid </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20221231_3" name="ifrs-full:InterestPaidClassifiedAsOperatingActivities" unitRef="USD" id="Tag2424" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,775</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:InterestPaidClassifiedAsOperatingActivities" unitRef="USD" id="Tag2460" decimals="-3" scale="3" format="ixt:num-dot-decimal">21,559</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="D20201231" name="ifrs-full:InterestPaidClassifiedAsOperatingActivities" unitRef="USD" id="Tag2445" decimals="-3" scale="3" format="ixt:num-dot-decimal">28,778</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AdjustmentsForFinanceIncomeCost" unitRef="USD" id="Tag2435" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,480</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AdjustmentsForFinanceIncomeCost" unitRef="USD" id="Tag2441" decimals="-3" scale="3" format="ixt:num-dot-decimal">11,363</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; 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vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 9pt;">&#160;</span></p><p style="line-height: 10pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="vertical-align: super;">(*) </span><span><ix:footnote xml:lang="en-US" id="footnote7" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="border-right: none; border-left: none;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar.</span></ix:footnote></span></span></p></ix:nonNumeric></ix:nonNumeric><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 9pt;">&#160;</span></p></div><div id="Dz0vfd99xiukkuow2pl4v7d" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfRelatedPartyExplanatory" id="Tag104" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">30</span></span><span style="font-weight: bold; margin-left: 30px;">Related party transactions</span></span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">As of December 31, 2022:</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br/></p><div id="t_ft_NZOC5X6TN400000000000000000000b"><table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 82px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 24px;"><td style="width: 3%; height: 24px; text-align: left; padding: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt;">&#9632;</span></td><td style="width: 97%; height: 24px;"><p><span style="font-family: 'times new roman', times; font-size: 10pt;">San&#160;Faustin&#160;owned&#160;<ix:nonFraction contextRef="I20221231_SanFaustinSaMember" name="ifrs-full:NumberOfSharesIssued" unitRef="Shares" id="Tag213" decimals="0" format="ixt:num-dot-decimal">713,605,187</ix:nonFraction>&#160;shares in the Company, representing&#160;<ix:nonFraction contextRef="I20221231_SanFaustinSaMember" name="ts:PercentageOfOwnershipInterest" unitRef="Pure" id="Tag212" decimals="4" scale="-2" format="ixt:num-dot-decimal">60.45</ix:nonFraction>% of the Company&#8217;s capital and voting rights.</span></p></td></tr><tr style="height: 24px;"><td style="height: 24px; 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text-align: left; padding: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt;">&#9632;</span></td><td style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -27.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">No person or group of persons controls RP STAK.</span></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; 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color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_NTD5FT3O3400000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;" xmlns="http://www.w3.org/1999/xhtml"><br/></p></ix:exclude></div></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Transactions and balances disclosed as with &#8220;non-consolidated parties&#8221; are those with companies over which Tenaris exerts significant influence or joint control in accordance with IFRS, but does not have control. All other transactions and balances with related parties which are not non-consolidated parties and which are not consolidated are disclosed as &#8220;Other&#8221;. The following transactions were carried out with related parties:</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" id="Tag91" escape="true"><div id="t_ft_IWTPTYPKWW00000000000000000000b"><table cellpadding="0" style="height: 238px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (i) </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Transactions </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (a) Sales of goods and services </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of goods to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AssociatesMember" name="ifrs-full:RevenueFromSaleOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag116" decimals="-3" scale="3" format="ixt:num-dot-decimal">100,019</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AssociatesMember" name="ifrs-full:RevenueFromSaleOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag120" decimals="-3" scale="3" format="ixt:num-dot-decimal">71,879</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_AssociatesMember" name="ifrs-full:RevenueFromSaleOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag107" decimals="-3" scale="3" format="ixt:num-dot-decimal">20,183</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of goods to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_OtherRelatedPartiesMember" name="ifrs-full:RevenueFromSaleOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag136" decimals="-3" scale="3" format="ixt:num-dot-decimal">151,884</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_OtherRelatedPartiesMember" name="ifrs-full:RevenueFromSaleOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag122" decimals="-3" scale="3" format="ixt:num-dot-decimal">76,467</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_OtherRelatedPartiesMember" name="ifrs-full:RevenueFromSaleOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag138" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,243</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of services to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AssociatesMember" name="ifrs-full:RevenueFromRenderingOfServicesRelatedPartyTransactions" unitRef="USD" id="Tag112" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,407</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AssociatesMember" name="ifrs-full:RevenueFromRenderingOfServicesRelatedPartyTransactions" unitRef="USD" id="Tag131" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,161</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_AssociatesMember" name="ifrs-full:RevenueFromRenderingOfServicesRelatedPartyTransactions" unitRef="USD" id="Tag127" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,829</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of services to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_OtherRelatedPartiesMember" name="ifrs-full:RevenueFromRenderingOfServicesRelatedPartyTransactions" unitRef="USD" id="Tag108" decimals="-3" scale="3" format="ixt:num-dot-decimal">109,123</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_OtherRelatedPartiesMember" name="ifrs-full:RevenueFromRenderingOfServicesRelatedPartyTransactions" unitRef="USD" id="Tag119" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,268</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_OtherRelatedPartiesMember" name="ifrs-full:RevenueFromRenderingOfServicesRelatedPartyTransactions" unitRef="USD" id="Tag117" decimals="-3" scale="3" format="ixt:num-dot-decimal">5,049</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ts:RevenueRelatedPartyTransactions" unitRef="USD" id="Tag100" decimals="-3" scale="3" format="ixt:num-dot-decimal">366,433</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ts:RevenueRelatedPartyTransactions" unitRef="USD" id="Tag92" decimals="-3" scale="3" format="ixt:num-dot-decimal">201,775</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ts:RevenueRelatedPartyTransactions" unitRef="USD" id="Tag101" decimals="-3" scale="3" format="ixt:num-dot-decimal">49,304</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (b) Purchases of goods and services </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 6%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62.5%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of goods to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AssociatesMember" name="ifrs-full:PurchasesOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag137" decimals="-3" scale="3" format="ixt:num-dot-decimal">656,877</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AssociatesMember" name="ifrs-full:PurchasesOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag118" decimals="-3" scale="3" format="ixt:num-dot-decimal">294,929</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_AssociatesMember" name="ifrs-full:PurchasesOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag130" decimals="-3" scale="3" format="ixt:num-dot-decimal">84,485</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of goods to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_OtherRelatedPartiesMember" name="ifrs-full:PurchasesOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag109" decimals="-3" scale="3" format="ixt:num-dot-decimal">51,040</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_OtherRelatedPartiesMember" name="ifrs-full:PurchasesOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag95" decimals="-3" scale="3" format="ixt:num-dot-decimal">32,453</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_OtherRelatedPartiesMember" name="ifrs-full:PurchasesOfGoodsRelatedPartyTransactions" unitRef="USD" id="Tag134" decimals="-3" scale="3" format="ixt:num-dot-decimal">12,892</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of services to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AssociatesMember" name="ifrs-full:PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" unitRef="USD" id="Tag115" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,759</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AssociatesMember" name="ifrs-full:PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" unitRef="USD" id="Tag110" decimals="-3" scale="3" format="ixt:num-dot-decimal">9,763</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_AssociatesMember" name="ifrs-full:PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" unitRef="USD" id="Tag123" decimals="-3" scale="3" format="ixt:num-dot-decimal">6,979</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of services to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_OtherRelatedPartiesMember" name="ifrs-full:PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" unitRef="USD" id="Tag124" decimals="-3" scale="3" format="ixt:num-dot-decimal">36,767</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_OtherRelatedPartiesMember" name="ifrs-full:PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" unitRef="USD" id="Tag99" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,806</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_OtherRelatedPartiesMember" name="ifrs-full:PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" unitRef="USD" id="Tag96" decimals="-3" scale="3" format="ixt:num-dot-decimal">18,133</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ts:PurchasesOfGoodsAndServicesRelatedPartyTransactions" unitRef="USD" id="Tag94" decimals="-3" scale="3" format="ixt:num-dot-decimal">758,443</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ts:PurchasesOfGoodsAndServicesRelatedPartyTransactions" unitRef="USD" id="Tag129" decimals="-3" scale="3" format="ixt:num-dot-decimal">350,951</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ts:PurchasesOfGoodsAndServicesRelatedPartyTransactions" unitRef="USD" id="Tag103" decimals="-3" scale="3" format="ixt:num-dot-decimal">122,489</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div id="t_ft_T893XNVSR400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 22.2017%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (ii) </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Period-end balances </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (a) Arising from sales / purchases of goods / services </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_AssociatesMember" name="ifrs-full:AmountsReceivableRelatedPartyTransactions" unitRef="USD" id="Tag121" decimals="-3" scale="3" format="ixt:num-dot-decimal">69,135</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_AssociatesMember" name="ifrs-full:AmountsReceivableRelatedPartyTransactions" unitRef="USD" id="Tag111" decimals="-3" scale="3" format="ixt:num-dot-decimal">66,896</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20221231_OtherRelatedPartiesMember" name="ifrs-full:AmountsReceivableRelatedPartyTransactions" unitRef="USD" id="Tag128" decimals="-3" scale="3" format="ixt:num-dot-decimal">78,370</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="I20211231_OtherRelatedPartiesMember" name="ifrs-full:AmountsReceivableRelatedPartyTransactions" unitRef="USD" id="Tag133" decimals="-3" scale="3" format="ixt:num-dot-decimal">33,122</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payables to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_AssociatesMember" name="ifrs-full:AmountsPayableRelatedPartyTransactions" unitRef="USD" id="Tag93" decimals="-3" scale="3" format="ixt:num-dot-decimal">142,228</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_AssociatesMember" name="ifrs-full:AmountsPayableRelatedPartyTransactions" unitRef="USD" id="Tag106" decimals="-3" scale="3" format="ixt:num-dot-decimal">45,092</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payables to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231_OtherRelatedPartiesMember" name="ifrs-full:AmountsPayableRelatedPartyTransactions" unitRef="USD" id="Tag102" decimals="-3" scale="3" format="ixt:num-dot-decimal">13,283</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231_OtherRelatedPartiesMember" name="ifrs-full:AmountsPayableRelatedPartyTransactions" unitRef="USD" id="Tag125" decimals="-3" scale="3" format="ixt:num-dot-decimal">2,125</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<ix:nonFraction contextRef="I20221231" name="ts:AmountsReceivablePayableRelatedPartyTransactions" unitRef="USD" id="Tag126" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">8,006</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="I20211231" name="ts:AmountsReceivablePayableRelatedPartyTransactions" unitRef="USD" id="Tag114" decimals="-3" scale="3" format="ixt:num-dot-decimal">52,801</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (b) Financial debt </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance lease liabilities from non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20221231" name="ts:FinanceLeaseLiabilitiesFromNonconsolidatedParties" unitRef="USD" id="Tag132" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,650</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<ix:nonFraction contextRef="I20211231" name="ts:FinanceLeaseLiabilitiesFromNonconsolidatedParties" unitRef="USD" id="Tag97" decimals="-3" scale="3" format="ixt:num-dot-decimal" sign="-">1,936</ix:nonFraction></span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; 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<span style="font-style: italic;">Other long</span><span style="font-style: italic;">-</span><span style="font-style: italic;">term benefits</span><span style="font-style: italic;">&#8221;</span> to these Consolidated Financial Statements.</span></p></ix:nonNumeric><p style="line-height: 10pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p></div><div id="D67jr6a5c2zb8qwi72lrl6a" style="font-family: 'times new roman', times; font-size: 10pt;"><div><div style="border-left: none; border-right: none;"><div style="border-right: none; border-left: none;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfAdditionalInformationExplanatory" id="Tag368" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">31</span></span><span style="font-weight: bold; margin-left: 30px;">Princ</span><span style="font-weight: bold;">ipal a</span><span style="font-weight: bold;">ccountant</span><span style="font-weight: bold;">&#160;</span><span style="font-weight: bold;">f</span><span style="font-weight: bold;">ees</span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Total fees accrued for professional services rendered by PwC Network firms to Tenaris S.A. and its subsidiaries are detailed as follows:</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfAuditorsRemunerationExplanatory" id="Tag402" escape="true"><table cellpadding="0" style="height: 122px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; width: 64.8036%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 31.4955%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.8036%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; 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height: 17px; width: 64.8036%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> All other fees </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AuditorsRemunerationForOtherServices" unitRef="USD" id="Tag409" decimals="-3" scale="3" format="ixt:num-dot-decimal">11</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AuditorsRemunerationForOtherServices" unitRef="USD" id="Tag413" decimals="-3" scale="3" format="ixt:num-dot-decimal">5</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:AuditorsRemunerationForOtherServices" unitRef="USD" xsi:nil="true" id="Tag411"></ix:nonFraction> - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20221231_3" name="ifrs-full:AuditorsRemuneration" unitRef="USD" id="Tag414" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,232</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20211231_3" name="ifrs-full:AuditorsRemuneration" unitRef="USD" id="Tag405" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,029</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><ix:nonFraction contextRef="D20201231" name="ifrs-full:AuditorsRemuneration" unitRef="USD" id="Tag408" decimals="-3" scale="3" format="ixt:num-dot-decimal">4,017</ix:nonFraction></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></ix:nonNumeric></ix:nonNumeric><div><div><br/></div></div></div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">71</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_9G6MVT7HLS00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div><div id="Ddby9124lp1tvk4hdz6l1it" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfInterestsInSubsidiariesExplanatory" id="Tag3087" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">32</span></span><span style="font-weight: bold; margin-left: 30px;">Principal subsidiaries</span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following is a list of Tenaris&#8217;s principal subsidiaries and its direct and indirect percentage of ownership of each controlled company at December 31, 2022.</span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" id="Tag695" escape="true"><div style="border-right: none; border-left: none;"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; background-color: #ffffff; width: 100%; height: 442px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 33.36%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Company </span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 12.5%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Country of Incorporation </span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 27.84%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Main activity </span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 26.32%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Percentage of ownership at December 31,&#160;<sup>(*)</sup></span></span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> ALGOMA TUBES INC. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Canada </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_CA_AlgomaTubesIncMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag419" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_CA_AlgomaTubesIncMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag437" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_CA_AlgomaTubesIncMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag312" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> CONFAB INDUSTRIAL S.A. and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Brazil </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded steel pipes and capital goods </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_BR_ConfabIndustrialSaAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag453" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_BR_ConfabIndustrialSaAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag314" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_BR_ConfabIndustrialSaAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag313" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> DALMINE S.p.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Italy </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_IT_DalmineSPAMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag295" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_IT_DalmineSPAMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag418" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_IT_DalmineSPAMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag423" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> HYDRIL COMPANY and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacture and marketing of premium connections </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_US_HydrilCompanyAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag458" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_US_HydrilCompanyAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag697" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_US_HydrilCompanyAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag446" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> IPSCO TUBULARS INC. and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_US_IPSCOTUBULARSINCAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag439" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_US_IPSCOTUBULARSINCAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag702" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_US_IPSCOTUBULARSINCAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag440" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MAVERICK TUBE CORPORATION and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_US_MaverickTubeCorporationAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag1293" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_US_MaverickTubeCorporationAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag700" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_US_MaverickTubeCorporationAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag428" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> P.T. SEAMLESS PIPE INDONESIA JAYA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Indonesia </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_ID_PtSeamlessPipeIndonesiaJayaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag429" decimals="2" scale="-2" format="ixt:num-dot-decimal">89</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_ID_PtSeamlessPipeIndonesiaJayaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag302" decimals="2" scale="-2" format="ixt:num-dot-decimal">89</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_ID_PtSeamlessPipeIndonesiaJayaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag438" decimals="2" scale="-2" format="ixt:num-dot-decimal">89</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> S.C. SILCOTUB S.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Romania </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_RO_ScSilcotubSaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag300" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_RO_ScSilcotubSaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag449" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_RO_ScSilcotubSaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag301" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAUDI STEEL PIPE CO. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Saudi Arabia </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_SA_SaudiSteelPipeCompanyMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag309" decimals="2" scale="-2" format="ixt:num-dot-decimal">48</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_SA_SaudiSteelPipeCompanyMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag455" decimals="2" scale="-2" format="ixt:num-dot-decimal">48</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_SA_SaudiSteelPipeCompanyMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag432" decimals="2" scale="-2" format="ixt:num-dot-decimal">48</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SIAT SOCIEDAD ANONIMA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Argentina </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AR_SiatSociedadAnonimaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag451" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AR_SiatSociedadAnonimaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag304" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_AR_SiatSociedadAnonimaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag459" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (a) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Argentina </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_AR_SidercaSaicAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag425" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_AR_SidercaSaicAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag317" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_AR_SidercaSaicAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag435" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TALTA - TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Portugal </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding Company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_PT_TaltatradingEMarketingSociedadeUnipessoalLdaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag457" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_PT_TaltatradingEMarketingSociedadeUnipessoalLdaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag2981" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_PT_TaltatradingEMarketingSociedadeUnipessoalLdaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag698" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS BAY CITY, INC. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_US_TenarisBayCityIncMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag701" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_US_TenarisBayCityIncMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag442" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_US_TenarisBayCityIncMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag310" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS CONNECTIONS BV </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Netherlands </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Development, management and licensing of intellectual property </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_NL_TenarisConnectionsBvMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag299" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_NL_TenarisConnectionsBvMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag461" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_NL_TenarisConnectionsBvMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag696" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS FINANCIAL SERVICES S.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Uruguay </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_UY_TenarisFinancialServicesSaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag427" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_UY_TenarisFinancialServicesSaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag307" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_UY_TenarisFinancialServicesSaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag448" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES (CANADA) INC. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Canada </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Marketing of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_CA_TenarisGlobalServicesCanadaIncMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag417" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_CA_TenarisGlobalServicesCanadaIncMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag296" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_CA_TenarisGlobalServicesCanadaIncMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag447" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Marketing of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_US_TenarisGlobalServicesUsaCorporationMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag452" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_US_TenarisGlobalServicesUsaCorporationMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag2980" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_US_TenarisGlobalServicesUsaCorporationMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag441" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES (UK) LTD </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> United Kingdom </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company and marketing of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_GB_TenarisGlobalServicesUkLtdMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag434" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_GB_TenarisGlobalServicesUkLtdMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag303" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_GB_TenarisGlobalServicesUkLtdMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag316" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES S.A. and subsidiaries (except detailed) (b) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Uruguay </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company, marketing and distribution of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_UY_TenarisGlobalServicesSaAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag426" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_UY_TenarisGlobalServicesSaAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag2987" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_UY_TenarisGlobalServicesSaAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag443" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS INVESTMENTS (NL) B.V. and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Netherlands </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_NL_TenarisInvestmentsNLBVAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag424" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_NL_TenarisInvestmentsNLBVAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag456" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_NL_TenarisInvestmentsNLBVAndSubsidiariesMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag298" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS INVESTMENTS S.&#224;r.l. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Luxembourg </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_LU_TenarisInvestmentsSrlMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag444" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_LU_TenarisInvestmentsSrlMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag297" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_LU_TenarisInvestmentsSrlMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag431" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS QINGDAO STEEL PIPES LTD. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> China </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Processing of premium joints, couplings and automotive components </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_CN_TenarisQingdaoSteelPipesLtdMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag445" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_CN_TenarisQingdaoSteelPipesLtdMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag436" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_CN_TenarisQingdaoSteelPipesLtdMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag422" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS TUBOCARIBE LTDA. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Colombia </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_TenarisTubocaribeLtdaMember_CO" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag421" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_TenarisTubocaribeLtdaMember_CO" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag308" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_TenarisTubocaribeLtdaMember_CO" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag450" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TUBOS DE ACERO DE MEXICO, S.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Mexico </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20221231_MX_TubosDeAceroDeMexicoSaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag462" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20211231_MX_TubosDeAceroDeMexicoSaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag433" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonFraction contextRef="D20201231_MX_TubosDeAceroDeMexicoSaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag430" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% </span></p></td></tr></tbody></table></div></div><ix:exclude><p style="line-height: 10pt; margin: 0pt; text-align: justify;" xmlns="http://www.w3.org/1999/xhtml"><br/></p><div xmlns="http://www.w3.org/1999/xhtml"><div id="t_ft_PWIMAKWEI800000000000000000000b"><div><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno">F-<span style="border-left: none; border-right: none;">72</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_ZG25Y4G8OW00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #666666 !important;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div></div></div></ix:exclude><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 51px;"><tbody><tr style="height: 17px;"><td style="width: 3%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td><td style="width: 97%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span><ix:footnote xml:lang="en-US" id="footnote52" footnoteRole="http://www.xbrl.org/2003/role/footnote"><span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Steel Pipes Ltd, and until 2021 held <ix:nonFraction contextRef="D20211231_TubularServicesAngolaLdaMember" name="ifrs-full:ProportionOfOwnershipInterestInSubsidiary" unitRef="Pure" id="Tag460" decimals="2" scale="-2" format="ixt:num-dot-decimal">49</ix:nonFraction>% of Tubular Services Angola&#160;Lda.</span></ix:footnote></span></td></tr></tbody></table></div></ix:nonNumeric></ix:nonNumeric><div><br/></div></div></div><div id="Dxke03rs4iur3d4ynusj234" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ifrs-full:DisclosureOfBusinessCombinationsExplanatory" id="Tag2988" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; color: rgb(0, 51, 102);"><span style="font-weight: bold; letter-spacing: -0.1pt;"><span style="border-left: none; border-right: none;">33</span></span><span style="font-weight: bold; letter-spacing: -0.1pt; margin-left: 30px;">Business combinations</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: -0.1pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">Acquisition of </span><span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">Parques E&#243;licos de la Buena Ventura S.A</span><span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In connection with the construction of a wind farm in Argentina, in April 2022, Tenaris acquired <ix:nonFraction contextRef="I20220430_ParquesEolicosDeLaBuenaVenturaSAMember" name="ifrs-full:PercentageOfVotingEquityInterestsAcquired" unitRef="Pure" id="Tag2990" decimals="2" scale="-2" format="ixt:num-dot-decimal">100</ix:nonFraction>% of the shares of Parques E&#243;licos de la Buena Ventura S.A. for a price of $<ix:nonFraction contextRef="I20220430_ParquesEolicosDeLaBuenaVenturaSAMember" name="ifrs-full:AcquisitiondateFairValueOfTotalConsiderationTransferred" unitRef="USD" id="Tag2989" decimals="-5" scale="6" format="ixt:num-dot-decimal">4.1</ix:nonFraction> million, which was fully paid. The fair value of the acquired assets and liabilities amounted to $<ix:nonFraction contextRef="I20220430_ParquesEolicosDeLaBuenaVenturaSAMember" name="ifrs-full:IdentifiableAssetsAcquiredLiabilitiesAssumed" unitRef="USD" id="Tag2992" decimals="-5" scale="6" format="ixt:num-dot-decimal">4.1</ix:nonFraction> million, the same value of the consideration paid. Accordingly, <ix:nonFraction contextRef="I20220430_ParquesEolicosDeLaBuenaVenturaSAMember" name="ifrs-full:GoodwillRecognisedAsOfAcquisitionDate" unitRef="USD" id="Tag2991" decimals="-3" scale="3" format="ixt:fixed-zero">no</ix:nonFraction> goodwill was recognized.</span></p><p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><br/><span style="font-family: 'times new roman', times; font-size: 10pt;">Had the acquisition occurred on January 1, 2022, Tenaris&#8217;s unaudited pro forma net sales and net income from continuing operations would not have changed materially.</span></p></ix:nonNumeric></div><div id="D6c35r4j0r0oc5vg1t1b41" style="font-family: 'times new roman', times; font-size: 10pt;"><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><br/></p><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfNationalizationOfSubsidiariesTextBlock" id="Tag781" escape="true"><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">34</span></span><span style="font-weight: bold; margin-left: 30px;">Nationalization of Venezuelan subsidiaries</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In May 2009, within the framework of Decree Law 6058, Venezuela&#8217;s President announced the nationalization of, among other companies, the Company's majority-owned subsidiaries TAVSA - Tubos de Acero de Venezuela S.A. (&#8220;Tavsa&#8221;) and, Matesi Materiales Sider&#250;rgicos S.A (&#8220;Matesi&#8221;), and Complejo Sider&#250;rgico de Guayana, C.A (&#8220;Comsigua&#8221;), in which the Company has a non-controlling interest (collectively, the &#8220;Venezuelan Companies&#8221;). Tenaris and its wholly-owned subsidiary, Talta - Trading e Marketing Sociedad Unipessoal Lda (&#8220;Talta&#8221;), initiated arbitration proceedings against Venezuela before the ICSID in Washington D.C. in connection with these nationalizations and obtained favorable awards, which are final and not subject to further appeals.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Matesi</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On January 29, 2016, the tribunal released its award on the arbitration proceeding concerning the nationalization of Matesi. The award upheld Tenaris&#8217;s and Talta&#8217;s claim that Venezuela had expropriated their investments in Matesi in violation of Venezuelan law as well as the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. The award granted compensation in the amount of $<ix:nonFraction contextRef="I20160129_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest" unitRef="USD" id="Tag954" decimals="-5" scale="6" format="ixt:num-dot-decimal">87.3</ix:nonFraction> million for the breaches and ordered Venezuela to pay an additional amount of $<ix:nonFraction contextRef="I20160129_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesPreawardInterest" unitRef="USD" id="Tag855" decimals="-5" scale="6" format="ixt:num-dot-decimal">85.5</ix:nonFraction> million in pre-award interest, aggregating to a total award of $<ix:nonFraction contextRef="I20160129_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees" unitRef="USD" id="Tag2996" decimals="-6" scale="6" format="ixt:num-dot-decimal">173</ix:nonFraction> million (including $<ix:nonFraction contextRef="I20160129_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesReimbursementOfLegalFees" unitRef="USD" id="Tag965" decimals="-5" scale="6" format="ixt:num-dot-decimal">0.2</ix:nonFraction> million of legal fees), payable in full and net of any applicable Venezuelan tax, duty or charge. The tribunal granted Venezuela a grace period of <ix:nonNumeric contextRef="D20160129_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" id="Tag2995" format="ixt-sec:durwordsen">six months</ix:nonNumeric>&#160;from the date of the award to make payment in full of the amount due without incurring post-award interest, and resolved that if no, or no full, payment is made by then, post-award interest will apply at the rate of <ix:nonFraction contextRef="I20160129_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesPostawardInterestRate" unitRef="Pure" id="Tag1117" decimals="2" scale="-2" format="ixt:num-dot-decimal">9</ix:nonFraction>% per annum compounded at <span style="-sec-ix-hidden:Tag3220">six</span>-monthly rests from the date of the award until payment in full. 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On July 17, 2020, the Court entered judgment recognizing the Matesi award. The judgment orders Venezuela to pay to Tenaris and Talta an amount of $<ix:nonFraction contextRef="I20200717_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_FederalCourtInDistrictOfColumbiaMember" name="ts:NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" unitRef="USD" id="Tag878" decimals="-5" scale="6" format="ixt:num-dot-decimal">256.4</ix:nonFraction> million, including principal and post-award interest through the judgment date, and provides for post-judgment interest to accrue on this sum at the U.S. federal statutory rate. As of December 31, 2022, post-judgement interest calculated at the U.S. judgment rate amounted to approximately $<ix:nonFraction contextRef="D20221231_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_FederalCourtInDistrictOfColumbiaMember" name="ts:NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" unitRef="USD" id="Tag263" decimals="-5" scale="6" format="ixt:num-dot-decimal">0.9</ix:nonFraction> million and, accordingly, the total amount owed by Venezuela under the U.S. judgment as of December 31, 2022 was $<ix:nonFraction contextRef="I20221231_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_FederalCourtInDistrictOfColumbiaMember" name="ts:NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" unitRef="USD" id="Tag1132" decimals="-5" scale="6" format="ixt:num-dot-decimal">257.3</ix:nonFraction> million. The U.S. judgment, however, may not be enforced in the United States to the extent prohibited by the Venezuelan sanctions regulations issued by the U.S. Treasury Department&#8217;s Office of Foreign Assets Control currently in effect.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Tavsa and Comsigua</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On December 12, 2016, the tribunal issued its award upholding Tenaris&#8217;s and Talta&#8217;s claim that Venezuela had expropriated their investments in Tavsa and Comsigua in violation of the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. The award granted compensation in the amount of $<ix:nonFraction contextRef="I20161212_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest" unitRef="USD" id="Tag944" decimals="-6" scale="6" format="ixt:num-dot-decimal">137</ix:nonFraction> million and ordered Venezuela to pay an additional amount of $<ix:nonFraction contextRef="I20161212_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesPreawardInterest" unitRef="USD" id="Tag267" decimals="-6" scale="6" format="ixt:num-dot-decimal">76</ix:nonFraction> million in pre-award interest and to reimburse Tenaris and Talta $<ix:nonFraction contextRef="I20161212_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesReimbursementOfLegalFees" unitRef="USD" id="Tag1001" decimals="-5" scale="6" format="ixt:num-dot-decimal">3.3</ix:nonFraction> million in legal fees and ICSID administrative costs. In addition, Venezuela was ordered to pay interest from April 30, 2008 until the day of effective payment at a rate equivalent to <ix:nonNumeric contextRef="D20161212_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesInterestRateBasisSpread" id="Tag926" escape="true">LIBOR</ix:nonNumeric> + <ix:nonFraction contextRef="I20161212_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesBasisSpreadOnVariableRate" unitRef="Pure" id="Tag244" decimals="2" scale="-2" format="ixt:num-dot-decimal">4</ix:nonFraction>% per annum. As of December 31, 2022, post-award interest calculated at the award rate amounted to approximately $<ix:nonFraction contextRef="D20221231_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesCompensationAwardPostawardInterest" unitRef="USD" id="Tag973" decimals="-5" scale="6" format="ixt:num-dot-decimal">85.1</ix:nonFraction> million and, accordingly, the total amount owed by Venezuela under the award as of December 31, 2022 was $<ix:nonFraction contextRef="I20221231_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" name="ts:NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" unitRef="USD" id="Tag245" decimals="-5" scale="6" format="ixt:num-dot-decimal">301.4</ix:nonFraction> million. </span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On June 8, 2018, Tenaris and Talta filed an action in federal court in the District of Columbia to recognize and enforce the award in the United States. On August 24, 2021, the court entered judgment in favor of Tenaris and Talta and against Venezuela in the amount of $<ix:nonFraction contextRef="I20210824_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_FederalCourtInDistrictOfColumbiaMember" name="ts:NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" unitRef="USD" id="Tag1121" decimals="-5" scale="6" format="ixt:num-dot-decimal">276.9</ix:nonFraction> million, with post-judgment interest accruing from the date of judgment at the federal statutory post-judgment interest rate. On November 5, 2021, the court, in response to a motion by Tenaris and Talta, amended the judgment amount to $<ix:nonFraction contextRef="I20211105_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_FederalCourtInDistrictOfColumbiaMember" name="ts:NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" unitRef="USD" id="Tag936" decimals="-5" scale="6" format="ixt:num-dot-decimal">280.7</ix:nonFraction> million, with post-judgment interest continuing to accrue from August 24, 2021 at the federal statutory post-judgment interest rate. As of December 31, 2022, post-judgement interest calculated at the U.S. judgment rate amounted to approximately $<ix:nonFraction contextRef="D20221231_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_FederalCourtInDistrictOfColumbiaMember" name="ts:NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" unitRef="USD" id="Tag1120" decimals="-5" scale="6" format="ixt:num-dot-decimal">0.2</ix:nonFraction> million and, accordingly, the total amount owed by Venezuela under the U.S. judgment as of December 31, 2022 was $<ix:nonFraction contextRef="I20221231_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_FederalCourtInDistrictOfColumbiaMember" name="ts:NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" unitRef="USD" id="Tag266" decimals="-5" scale="6" format="ixt:num-dot-decimal">280.9</ix:nonFraction> million. The U.S. judgment, however, may not be enforced in the United States to the extent prohibited by the Venezuelan sanctions regulations issued by the U.S. Treasury Department&#8217;s Office of Foreign Assets Control currently in effect.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">Transfer of the Awards and Judgements</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On January 25, 2023, Tenaris and Talta entered into an awards purchase agreement with an unaffiliated purchaser pursuant to which Tenaris and Talta agreed to sell all of their rights, title and interests in the above-referenced claims, awards and judgements, including all post-award or post-judgement interest accruing on the awards and judgements, for a purchase price of $<ix:nonFraction contextRef="I20230125_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_AwardsPurchaseAgreementMember" name="ts:NationalizationOfSubsidiariesPurchaseAgreement" unitRef="USD" id="Tag854" decimals="-6" scale="6" format="ixt:num-dot-decimal">81</ix:nonFraction> million, plus a non-refundable signing payment of $<ix:nonFraction contextRef="I20230125_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_AwardsPurchaseAgreementMember" name="ts:NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" unitRef="USD" id="Tag937" decimals="-6" scale="6" format="ixt:num-dot-decimal">1</ix:nonFraction> million as reimbursement of expenses. The transfer of the awards and judgements is subject to the Office of Foreign Assets Control (&#8220;OFAC&#8221;) approval, and according to the agreement must be obtained by February 25, 2024. The uncertainty associated with the OFAC approval is factored into the fair value determination of the related receivable. See note III.B.</span></p></ix:nonNumeric></div><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div xmlns="http://www.w3.org/1999/xhtml"><div><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td class="pgno" style="padding: 0px; text-align: center;"><span style="font-size: 10pt;" class="pageno ">F-<span style="border-left: none; border-right: none;">74</span></span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><br/></div></div><div id="t_ft_XAKCM1QYZ400000000000000000000b" xmlns="http://www.w3.org/1999/xhtml"><table style="width: 100%; margin-left: 0.1px; height: 34px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px;"><p style="margin: 0in 0in 0.0001pt; font-size: 10pt; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>Consolidated Financial Statements</span></i></span></p></td><td style="width: 21.7907%; height: 34px; text-align: right; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;" rowspan="2"><img src="img3931d39386bc45c1942e.jpg" alt="Graphics"></img></td></tr><tr style="height: 17px;"><td style="width: 78.2093%; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #666666;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><i style="mso-bidi-font-style: normal;"><span>For the years ended 2022, 2021 and 2020 - all amounts in thousands of U.S. dollars, unless otherwise stated</span></i></span></td></tr></tbody></table></div><p style="margin: 0pt;" xmlns="http://www.w3.org/1999/xhtml"><br/></p><div id="D2itt37vqba9f200ar21xyg" style="font-family: 'times new roman', times; font-size: 10pt;"><ix:nonNumeric contextRef="D20221231_3" name="ts:DisclosureOfOtherRelevantInformationTextBlock" id="Tag1318" escape="true"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">35</span></span><span style="font-weight: bold; margin-left: 30px;">Other relevant information</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic; font-weight: bold;">A</span><span style="font-style: italic; font-weight: bold;">greement to terminate NKKTubes joint venture</span></span></p><p style="line-height: 12pt; margin: 0pt;"><br/></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris&#8217;s seamless pipe manufacturing facility in Japan, located in the Keihin steel complex owned by JFE Holdings Inc. 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Steel bars and other essential inputs and services for NKKTubes are supplied under a long-term agreement by JFE. </span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On March 27, 2020, JFE informed Tenaris of its decision to permanently cease as from JFE&#8217;s fiscal year ending March 2024 the operations of its steel manufacturing facilities located at the Keihin complex. In light of that development, Tenaris and JFE engaged in discussions and ultimately determined that the project was no longer economically sustainable. Accordingly, on November 2, 2021, Tenaris and JFE agreed to terminate amicably their joint venture and liquidate NKKTubes, and on November 2, 2022, entered into a definitive wrap-up agreement. 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line-height: normal; margin-left: 13px;">the lease agreement of the Keihin steel complex between JFE and NKKTubes was terminated as of September 30, 2022; </span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">c)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;">all tangible fixed assets owned by NKKTubes and placed in the Keihin steel complex were either purchased by JFE or removed and disposed of; </span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; 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The agreement provided that either party could unilaterally terminate the agreement in case that the conditions precedent to closing had not been satisfied by January 3, 2023. 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In response, several jurisdictions, including the United States, the European Union and the United Kingdom imposed a wave of sanctions against certain Russian institutions, companies and citizens. The Russian government retaliated by ordering several economic counter measures, including restrictions on residents transferring foreign currency abroad.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris has so far found alternative sources in response to the interruption in supplies from Ukraine and the impact of sanctions on supplies from Russia but may still be faced with supply delays or forced to pay higher prices to secure the raw materials, in particular energy, required for its steelmaking operations. Although it is hard to predict how energy and commodity prices will continue to behave as the conflict unfolds, higher prices and possible shortages of energy and raw materials used in Tenaris&#8217;s steelmaking operations would result in higher production costs and potential plant stoppages, affecting its profitability and results of operations.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris&#8217;s sales to Russian customers were not material in the year ended December 31, 2022. All sales to Russian customers and all purchases from Russian suppliers were made in compliance with applicable regulations. 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Pursuant to the transaction, Tenaris would pay approximately BRL <ix:nonFraction contextRef="I20230330_MajorPurchasesOfAssetsMember_OrdinarySharesMember_UsiminasMember_TTGroupMember_TheNewSHAMember" name="ts:SharesSubscribedToValue" unitRef="BRL" id="Tag3194" decimals="-6" scale="6" format="ixt:num-dot-decimal">110</ix:nonFraction> million (approximately $<ix:nonFraction contextRef="I20230330_MajorPurchasesOfAssetsMember_OrdinarySharesMember_UsiminasMember_TTGroupMember_TheNewSHAMember" name="ts:SharesSubscribedToValue" unitRef="USD" id="Tag3193" decimals="-6" scale="6" format="ixt:num-dot-decimal">21</ix:nonFraction> million) in cash for <ix:nonFraction contextRef="I20230330_MajorPurchasesOfAssetsMember_OrdinarySharesMember_UsiminasMember_TTGroupMember_TheNewSHAMember" name="ts:NumberOfSharesSubscribedTo" unitRef="Shares" id="Tag3192" decimals="-6" scale="6" format="ixt:num-dot-decimal">11</ix:nonFraction> million ordinary shares, increasing its participation in the Usiminas control group to <ix:nonFraction contextRef="D20230330_MajorPurchasesOfAssetsMember_UsiminasMember_TTGroupMember" name="ts:PercentageOfVotingCapitalIncreasedInControlGroup" unitRef="Pure" id="Tag3191" decimals="3" scale="-2" format="ixt:num-dot-decimal">9.8</ix:nonFraction>%. Upon the closing of this transaction, the T/T Group will hold an aggregate participation of <ix:nonFraction contextRef="D20230330_MajorPurchasesOfAssetsMember_UsiminasMember_TTGroupMember" name="ts:PercentageOfVotingCapitalInControlGroup" unitRef="Pure" id="Tag3190" decimals="3" scale="-2" format="ixt:num-dot-decimal">61.3</ix:nonFraction>% in the control group, with the NSC Group and Previd&#234;ncia Usiminas (Usiminas employees&#8217; pension fund) holding <ix:nonFraction contextRef="D20230330_UsiminasMember_NSSMCMember_MajorPurchasesOfAssetsMember" name="ts:PercentageOfVotingCapitalInControlGroup" unitRef="Pure" id="Tag3189" decimals="3" scale="-2" format="ixt:num-dot-decimal">31.7</ix:nonFraction>% and <ix:nonFraction contextRef="D20230330_MajorPurchasesOfAssetsMember_UsiminasMember_PrevidenciaUsiminasMember" name="ts:PercentageOfVotingCapitalInControlGroup" unitRef="Pure" id="Tag3188" decimals="3" scale="-2" format="ixt:num-dot-decimal">7.1</ix:nonFraction>%, respectively. The transaction is subject to approval by Brazil&#8217;s antitrust authorities and will be financed with cash on hand.</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">&#160;</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">The Company will continue having significant influence over Usiminas and consequently will continue accounting for its investment under the equity method.</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><br/></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">At closing, the existing Usiminas shareholders agreement will be replaced by a new shareholders agreement setting forth a new governance structure for Usiminas. The T/T Group will nominate a majority of the Usiminas board of directors, the chief executive officer and <ix:nonFraction contextRef="I20230330_MajorPurchasesOfAssetsMember_UsiminasMember_TTGroupMember_TheNewSHAMember" name="ts:NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" unitRef="Number" id="Tag3187" decimals="INF" format="ixt-sec:numwordsen">four</ix:nonFraction> other members of the Usiminas board of officers. Of the positions allocated to the T/T group, Tenaris will retain the right to nominate <ix:nonFraction contextRef="I20230330_MajorPurchasesOfAssetsMember_UsiminasMember_TenarisMember_TheNewSHAMember" name="ts:NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" unitRef="Number" id="Tag3186" decimals="INF" format="ixt-sec:numwordsen">one</ix:nonFraction> member of the Usiminas board of directors and <ix:nonFraction contextRef="I20230330_MajorPurchasesOfAssetsMember_UsiminasMember_TenarisMember_TheNewSHAMember" name="ts:NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" unitRef="Number" id="Tag3185" decimals="INF" format="ixt-sec:numwordsen">one</ix:nonFraction> members of the Usiminas board of officers. Ordinary decisions may be approved with a <ix:nonFraction contextRef="D20230330_MajorPurchasesOfAssetsMember_UsiminasMember_TheNewSHAMember" name="ts:MajorityPercentageOfControlGroupShares" unitRef="Pure" id="Tag3184" decimals="2" scale="-2" format="ixt:num-dot-decimal">55</ix:nonFraction>% majority of Usiminas&#8217; control group shares. </span><br/></span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><br/></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">At any time after the second anniversary of the closing of the transaction, the T/T Group will have the right to buy the NSC Group&#8217;s remaining interest in the Usiminas control group (<ix:nonFraction contextRef="D20230330_MajorPurchasesOfAssetsMember_OrdinarySharesMember_UsiminasMember_NSSMCMember_TheNewSHAMember" name="ts:NumberOfSharesToBePurchasedUnderAgreement" unitRef="Shares" id="Tag3183" decimals="-5" scale="6" format="ixt:num-dot-decimal">153.1</ix:nonFraction> million ordinary shares) at the higher of BRL<ix:nonFraction contextRef="I20230330_MajorPurchasesOfAssetsMember_OrdinarySharesMember_UsiminasMember_TTGroupMember_TheNewSHAMember" name="ts:SharesSubscribedToPricePerShare" unitRef="BRLPerShare" id="Tag3182" decimals="0" format="ixt:num-dot-decimal">10</ix:nonFraction> per share and the <ix:nonFraction contextRef="D20230330_MajorPurchasesOfAssetsMember_OrdinarySharesMember_UsiminasMember_TTGroupMember_TheNewSHAMember" name="ts:ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" unitRef="Number" id="Tag3181" decimals="0" format="ixt:num-dot-decimal">40</ix:nonFraction>-trading day average price per share immediately prior to the date of exercising the option. In addition, the NSC Group will have the right, at any time after the closing of the transaction, to withdraw its remaining shares from the control group and sell them in the open market after giving the T/T Group the opportunity to buy them at the <ix:nonFraction contextRef="D20230330_MajorPurchasesOfAssetsMember_OrdinarySharesMember_UsiminasMember_NSSMCMember_TheNewSHAMember" name="ts:NumberOfTradingDaysToCalculateMovingAverageSharePrice" unitRef="Number" id="Tag3180" decimals="0" format="ixt:num-dot-decimal">40</ix:nonFraction>-trading day average price per share, as well as the right, at any time after the second anniversary of the closing, to sell such shares to the T/T Group at BRL<ix:nonFraction contextRef="I20230330_MajorPurchasesOfAssetsMember_OrdinarySharesMember_UsiminasMember_NSSMCMember_TheNewSHAMember" name="ts:SharesSubscribedToPricePerShare" unitRef="BRLPerShare" id="Tag3196" decimals="0" format="ixt:num-dot-decimal">10</ix:nonFraction> per share. Confab will have the right to participate in each such transaction pro rata to its current participation in the T/T group.</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">&#160;</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">The Company will account for the transaction if and when the conditions precedent to closing are satisfied and the acquisition is completed.</span></p><div style="font-size: 10pt; font-family: 'times new roman', times;"><div id="t_ft_Q63TRPUERK00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 19.5968%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td><td style="width: 80.4032%;"><br/></td></tr></tbody></table></div></div><div style="font-size: 10pt; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><sup>1</sup></span><span style="font-size: 10pt; font-family: 'times new roman', times;">This note was added subsequently to the approval of these Consolidated Financial Statements by the Company&#8217;s Board of Directors on February 15, 2023.</span></div></ix:nonNumeric></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><br/></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><br/></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><br/></div><div style="font-family: 'times new roman', times; font-size: 10pt; text-align: right;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Alicia M&#243;ndolo&#160; &#160; &#160; &#160;</span><span style="font-size: 10pt; font-family: 'times new roman', times;"><br/>Chief</span><span style="font-size: 10pt; font-family: 'times new roman', times;"> Financial Officer</span></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><br/></div><div style="font-family: 'times new roman', times; font-size: 10pt;"><div><div id="t_ft_BQTB9V2NW000000000000000000000b"><table style="width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 17px;"><tbody><tr style="height: 17px;"><td class="pgno" style="padding: 0px; text-align: center; height: 17px;"><span style="font-size: 10pt;" class="pageno">F-77</span></td></tr></tbody></table></div><hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr><div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a><br/></div></div></div></div></body></html>
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    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="srt_RepurchaseAgreementCounterpartyNameDomain" xlink:to="ts_VestasGroupMember" xlink:title="Presentation : srt_RepurchaseAgreementCounterpartyNameDomain to ts_VestasGroupMember" order="13" preferredLabel="http://www.xbrl.org/2003/role/label" />
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<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>11
<FILENAME>ts-20221231_cal.xml
<DESCRIPTION>CALCULATION
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
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    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesToBePurchasedUnderAgreement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesToBePurchasedUnderAgreement" xml:lang="en-US" id="label_NumberOfSharesToBePurchasedUnderAgreement">Number of shares to be purchased under agreement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesToBePurchasedUnderAgreement" xlink:to="label_NumberOfSharesToBePurchasedUnderAgreement" xlink:title="Label : NumberOfSharesToBePurchasedUnderAgreement to label_NumberOfSharesToBePurchasedUnderAgreement" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingCapitalIncreasedInControlGroup_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfVotingCapitalIncreasedInControlGroup_2" xml:lang="en-US" id="label_PercentageOfVotingCapitalIncreasedInControlGroup_2">The percentage of company voting capital increased in control group upon the closing of the transaction under share purchase agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingCapitalIncreasedInControlGroup" xlink:to="label_PercentageOfVotingCapitalIncreasedInControlGroup_2" xlink:title="Label : PercentageOfVotingCapitalIncreasedInControlGroup to label_PercentageOfVotingCapitalIncreasedInControlGroup_2" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesToBePurchasedUnderAgreement_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfSharesToBePurchasedUnderAgreement_1" xml:lang="en-US" id="label_NumberOfSharesToBePurchasedUnderAgreement_1">The number of shares to be purchased under agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesToBePurchasedUnderAgreement" xlink:to="label_NumberOfSharesToBePurchasedUnderAgreement_1" xlink:title="Label : NumberOfSharesToBePurchasedUnderAgreement to label_NumberOfSharesToBePurchasedUnderAgreement_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" xlink:label="OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" xlink:title="OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" xml:lang="en-US" id="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember">This member stands for the information pertaining to One percent change, All foreign exchange exposure vs USD dollar foreign exchange risks.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" xlink:title="Label : OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember to label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CoverAbstract" xlink:label="CoverAbstract" xlink:title="CoverAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CoverAbstract" xml:lang="en-US" id="label_CoverAbstract">Cover page.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoverAbstract" xlink:to="label_CoverAbstract" xlink:title="Label : CoverAbstract to label_CoverAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationTable" xlink:label="DocumentInformationTable" xlink:title="DocumentInformationTable" />
    <link:label xlink:type="resource" xlink:label="label_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentInformationTable" xml:lang="en-US" id="label_DocumentInformationTable">Document Information [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentInformationTable" xlink:to="label_DocumentInformationTable" xlink:title="Label : DocumentInformationTable to label_DocumentInformationTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfShareCapitalAxis" xlink:label="ClassesOfShareCapitalAxis" xlink:title="ClassesOfShareCapitalAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfShareCapitalAxis" xml:lang="en-US" id="label_ClassesOfShareCapitalAxis">Classes of share capital [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfShareCapitalAxis" xlink:to="label_ClassesOfShareCapitalAxis" xlink:title="Label : ClassesOfShareCapitalAxis to label_ClassesOfShareCapitalAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfShareCapitalMember" xlink:label="ClassesOfShareCapitalMember" xlink:title="ClassesOfShareCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfShareCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfShareCapitalMember" xml:lang="en-US" id="label_ClassesOfShareCapitalMember">Share capital [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfShareCapitalMember" xlink:to="label_ClassesOfShareCapitalMember" xlink:title="Label : ClassesOfShareCapitalMember to label_ClassesOfShareCapitalMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AmericanDepositarySharesMember" xlink:label="AmericanDepositarySharesMember" xlink:title="AmericanDepositarySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_AmericanDepositarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmericanDepositarySharesMember" xml:lang="en-US" id="label_AmericanDepositarySharesMember">American Depositary Shares [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesMember" xlink:to="label_AmericanDepositarySharesMember" xlink:title="Label : AmericanDepositarySharesMember to label_AmericanDepositarySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_AmericanDepositarySharesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmericanDepositarySharesMember_1" xml:lang="en-US" id="label_AmericanDepositarySharesMember_1">American Depositary Shares (&#x201C;ADSs&#x201D;)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesMember" xlink:to="label_AmericanDepositarySharesMember_1" xlink:title="Label : AmericanDepositarySharesMember to label_AmericanDepositarySharesMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AmericanDepositarySharesMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmericanDepositarySharesMember_2" xml:lang="en-US" id="label_AmericanDepositarySharesMember_2">American Depositary Shares [Member].</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmericanDepositarySharesMember" xlink:to="label_AmericanDepositarySharesMember_2" xlink:title="Label : AmericanDepositarySharesMember to label_AmericanDepositarySharesMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OrdinarySharesMember" xlink:label="OrdinarySharesMember" xlink:title="OrdinarySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OrdinarySharesMember" xml:lang="en-US" id="label_OrdinarySharesMember">Ordinary Shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrdinarySharesMember" xlink:to="label_OrdinarySharesMember" xlink:title="Label : OrdinarySharesMember to label_OrdinarySharesMember" />
    <link:label xlink:type="resource" xlink:label="label_OrdinarySharesMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OrdinarySharesMember_1" xml:lang="en-US" id="label_OrdinarySharesMember_1">Ordinary shares [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OrdinarySharesMember" xlink:to="label_OrdinarySharesMember_1" xlink:title="Label : OrdinarySharesMember to label_OrdinarySharesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressesAddressTypeAxis" xlink:label="EntityAddressesAddressTypeAxis" xlink:title="EntityAddressesAddressTypeAxis" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressesAddressTypeAxis" xml:lang="en-US" id="label_EntityAddressesAddressTypeAxis">Entity Addresses, Address Type [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressesAddressTypeAxis" xlink:to="label_EntityAddressesAddressTypeAxis" xlink:title="Label : EntityAddressesAddressTypeAxis to label_EntityAddressesAddressTypeAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AddressTypeDomain" xlink:label="AddressTypeDomain" xlink:title="AddressTypeDomain" />
    <link:label xlink:type="resource" xlink:label="label_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AddressTypeDomain" xml:lang="en-US" id="label_AddressTypeDomain">Address Type [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AddressTypeDomain" xlink:to="label_AddressTypeDomain" xlink:title="Label : AddressTypeDomain to label_AddressTypeDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_BusinessContactMember" xlink:label="BusinessContactMember" xlink:title="BusinessContactMember" />
    <link:label xlink:type="resource" xlink:label="label_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BusinessContactMember" xml:lang="en-US" id="label_BusinessContactMember">Business Contact [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessContactMember" xlink:to="label_BusinessContactMember" xlink:title="Label : BusinessContactMember to label_BusinessContactMember" />
    <link:label xlink:type="resource" xlink:label="label_BusinessContactMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BusinessContactMember_1" xml:lang="en-US" id="label_BusinessContactMember_1">Business Contact</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessContactMember" xlink:to="label_BusinessContactMember_1" xlink:title="Label : BusinessContactMember to label_BusinessContactMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationLineItems" xlink:label="DocumentInformationLineItems" xlink:title="DocumentInformationLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentInformationLineItems" xml:lang="en-US" id="label_DocumentInformationLineItems">Document Information [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentInformationLineItems" xlink:to="label_DocumentInformationLineItems" xlink:title="Label : DocumentInformationLineItems to label_DocumentInformationLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
    <link:label xlink:type="resource" xlink:label="label_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityRegistrantName" xml:lang="en-US" id="label_EntityRegistrantName">Entity Registrant Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityRegistrantName" xlink:to="label_EntityRegistrantName" xlink:title="Label : EntityRegistrantName to label_EntityRegistrantName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:label="DocumentType" xlink:title="DocumentType" />
    <link:label xlink:type="resource" xlink:label="label_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentType" xml:lang="en-US" id="label_DocumentType">Document Type</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentType" xlink:to="label_DocumentType" xlink:title="Label : DocumentType to label_DocumentType" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentRegistrationStatement" xlink:label="DocumentRegistrationStatement" xlink:title="DocumentRegistrationStatement" />
    <link:label xlink:type="resource" xlink:label="label_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentRegistrationStatement" xml:lang="en-US" id="label_DocumentRegistrationStatement">Document Registration Statement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentRegistrationStatement" xlink:to="label_DocumentRegistrationStatement" xlink:title="Label : DocumentRegistrationStatement to label_DocumentRegistrationStatement" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentShellCompanyReport" xlink:label="DocumentShellCompanyReport" xlink:title="DocumentShellCompanyReport" />
    <link:label xlink:type="resource" xlink:label="label_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentShellCompanyReport" xml:lang="en-US" id="label_DocumentShellCompanyReport">Document Shell Company Report</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentShellCompanyReport" xlink:to="label_DocumentShellCompanyReport" xlink:title="Label : DocumentShellCompanyReport to label_DocumentShellCompanyReport" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentTransitionReport" xlink:label="DocumentTransitionReport" xlink:title="DocumentTransitionReport" />
    <link:label xlink:type="resource" xlink:label="label_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentTransitionReport" xml:lang="en-US" id="label_DocumentTransitionReport">Document Transition Report</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentTransitionReport" xlink:to="label_DocumentTransitionReport" xlink:title="Label : DocumentTransitionReport to label_DocumentTransitionReport" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAnnualReport" xlink:label="DocumentAnnualReport" xlink:title="DocumentAnnualReport" />
    <link:label xlink:type="resource" xlink:label="label_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentAnnualReport" xml:lang="en-US" id="label_DocumentAnnualReport">Document Annual Report</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentAnnualReport" xlink:to="label_DocumentAnnualReport" xlink:title="Label : DocumentAnnualReport to label_DocumentAnnualReport" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
    <link:label xlink:type="resource" xlink:label="label_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityFileNumber" xml:lang="en-US" id="label_EntityFileNumber">Entity File Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFileNumber" xlink:to="label_EntityFileNumber" xlink:title="Label : EntityFileNumber to label_EntityFileNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
    <link:label xlink:type="resource" xlink:label="label_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCentralIndexKey" xml:lang="en-US" id="label_EntityCentralIndexKey">Entity Central Index Key</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCentralIndexKey" xlink:to="label_EntityCentralIndexKey" xlink:title="Label : EntityCentralIndexKey to label_EntityCentralIndexKey" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CurrentFiscalYearEndDate" xlink:label="CurrentFiscalYearEndDate" xlink:title="CurrentFiscalYearEndDate" />
    <link:label xlink:type="resource" xlink:label="label_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentFiscalYearEndDate" xml:lang="en-US" id="label_CurrentFiscalYearEndDate">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentFiscalYearEndDate" xlink:to="label_CurrentFiscalYearEndDate" xlink:title="Label : CurrentFiscalYearEndDate to label_CurrentFiscalYearEndDate" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFilerCategory" xlink:label="EntityFilerCategory" xlink:title="EntityFilerCategory" />
    <link:label xlink:type="resource" xlink:label="label_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityFilerCategory" xml:lang="en-US" id="label_EntityFilerCategory">Entity Filer Category</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityFilerCategory" xlink:to="label_EntityFilerCategory" xlink:title="Label : EntityFilerCategory to label_EntityFilerCategory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCurrentReportingStatus" xlink:label="EntityCurrentReportingStatus" xlink:title="EntityCurrentReportingStatus" />
    <link:label xlink:type="resource" xlink:label="label_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCurrentReportingStatus" xml:lang="en-US" id="label_EntityCurrentReportingStatus">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCurrentReportingStatus" xlink:to="label_EntityCurrentReportingStatus" xlink:title="Label : EntityCurrentReportingStatus to label_EntityCurrentReportingStatus" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityVoluntaryFilers" xlink:label="EntityVoluntaryFilers" xlink:title="EntityVoluntaryFilers" />
    <link:label xlink:type="resource" xlink:label="label_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityVoluntaryFilers" xml:lang="en-US" id="label_EntityVoluntaryFilers">Entity Voluntary Filers</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityVoluntaryFilers" xlink:to="label_EntityVoluntaryFilers" xlink:title="Label : EntityVoluntaryFilers to label_EntityVoluntaryFilers" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="EntityWellKnownSeasonedIssuer" xlink:title="EntityWellKnownSeasonedIssuer" />
    <link:label xlink:type="resource" xlink:label="label_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityWellKnownSeasonedIssuer" xml:lang="en-US" id="label_EntityWellKnownSeasonedIssuer">Entity Well-known Seasoned Issuer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityWellKnownSeasonedIssuer" xlink:to="label_EntityWellKnownSeasonedIssuer" xlink:title="Label : EntityWellKnownSeasonedIssuer to label_EntityWellKnownSeasonedIssuer" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:label xlink:type="resource" xlink:label="label_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityEmergingGrowthCompany" xml:lang="en-US" id="label_EntityEmergingGrowthCompany">Entity Emerging Growth Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityEmergingGrowthCompany" xlink:to="label_EntityEmergingGrowthCompany" xlink:title="Label : EntityEmergingGrowthCompany to label_EntityEmergingGrowthCompany" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityInteractiveDataCurrent" xlink:label="EntityInteractiveDataCurrent" xlink:title="EntityInteractiveDataCurrent" />
    <link:label xlink:type="resource" xlink:label="label_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityInteractiveDataCurrent" xml:lang="en-US" id="label_EntityInteractiveDataCurrent">Entity Interactive Data Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityInteractiveDataCurrent" xlink:to="label_EntityInteractiveDataCurrent" xlink:title="Label : EntityInteractiveDataCurrent to label_EntityInteractiveDataCurrent" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="EntityCommonStockSharesOutstanding" xlink:title="EntityCommonStockSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityCommonStockSharesOutstanding" xml:lang="en-US" id="label_EntityCommonStockSharesOutstanding">Entity Common Stock, Shares Outstanding (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityCommonStockSharesOutstanding" xlink:to="label_EntityCommonStockSharesOutstanding" xlink:title="Label : EntityCommonStockSharesOutstanding to label_EntityCommonStockSharesOutstanding" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityShellCompany" xlink:label="EntityShellCompany" xlink:title="EntityShellCompany" />
    <link:label xlink:type="resource" xlink:label="label_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityShellCompany" xml:lang="en-US" id="label_EntityShellCompany">Entity Shell Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityShellCompany" xlink:to="label_EntityShellCompany" xlink:title="Label : EntityShellCompany to label_EntityShellCompany" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" xlink:title="DocumentPeriodEndDate" />
    <link:label xlink:type="resource" xlink:label="label_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentPeriodEndDate" xml:lang="en-US" id="label_DocumentPeriodEndDate">Document Period End Date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentPeriodEndDate" xlink:to="label_DocumentPeriodEndDate" xlink:title="Label : DocumentPeriodEndDate to label_DocumentPeriodEndDate" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentFiscalYearFocus" xml:lang="en-US" id="label_DocumentFiscalYearFocus">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalYearFocus" xlink:to="label_DocumentFiscalYearFocus" xlink:title="Label : DocumentFiscalYearFocus to label_DocumentFiscalYearFocus" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="DocumentFiscalPeriodFocus" xlink:title="DocumentFiscalPeriodFocus" />
    <link:label xlink:type="resource" xlink:label="label_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentFiscalPeriodFocus" xml:lang="en-US" id="label_DocumentFiscalPeriodFocus">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentFiscalPeriodFocus" xlink:to="label_DocumentFiscalPeriodFocus" xlink:title="Label : DocumentFiscalPeriodFocus to label_DocumentFiscalPeriodFocus" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
    <link:label xlink:type="resource" xlink:label="label_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmendmentFlag" xml:lang="en-US" id="label_AmendmentFlag">Amendment Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmendmentFlag" xlink:to="label_AmendmentFlag" xlink:title="Label : AmendmentFlag to label_AmendmentFlag" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
    <link:label xlink:type="resource" xlink:label="label_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Security12bTitle" xml:lang="en-US" id="label_Security12bTitle">Title of 12(b) Security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Security12bTitle" xlink:to="label_Security12bTitle" xlink:title="Label : Security12bTitle to label_Security12bTitle" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="label_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradingSymbol" xml:lang="en-US" id="label_TradingSymbol">Trading Symbol</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradingSymbol" xlink:to="label_TradingSymbol" xlink:title="Label : TradingSymbol to label_TradingSymbol" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
    <link:label xlink:type="resource" xlink:label="label_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SecurityExchangeName" xml:lang="en-US" id="label_SecurityExchangeName">Security Exchange Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecurityExchangeName" xlink:to="label_SecurityExchangeName" xlink:title="Label : SecurityExchangeName to label_SecurityExchangeName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_IcfrAuditorAttestationFlag" xlink:label="IcfrAuditorAttestationFlag" xlink:title="IcfrAuditorAttestationFlag" />
    <link:label xlink:type="resource" xlink:label="label_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IcfrAuditorAttestationFlag" xml:lang="en-US" id="label_IcfrAuditorAttestationFlag">ICFR Auditor Attestation Flag</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IcfrAuditorAttestationFlag" xlink:to="label_IcfrAuditorAttestationFlag" xlink:title="Label : IcfrAuditorAttestationFlag to label_IcfrAuditorAttestationFlag" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityExTransitionPeriod" xlink:label="EntityExTransitionPeriod" xlink:title="EntityExTransitionPeriod" />
    <link:label xlink:type="resource" xlink:label="label_EntityExTransitionPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityExTransitionPeriod" xml:lang="en-US" id="label_EntityExTransitionPeriod">Entity Ex Transition Period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityExTransitionPeriod" xlink:to="label_EntityExTransitionPeriod" xlink:title="Label : EntityExTransitionPeriod to label_EntityExTransitionPeriod" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAccountingStandard" xlink:label="DocumentAccountingStandard" xlink:title="DocumentAccountingStandard" />
    <link:label xlink:type="resource" xlink:label="label_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DocumentAccountingStandard" xml:lang="en-US" id="label_DocumentAccountingStandard">Document Accounting Standard</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DocumentAccountingStandard" xlink:to="label_DocumentAccountingStandard" xlink:title="Label : DocumentAccountingStandard to label_DocumentAccountingStandard" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_ContactPersonnelName" xlink:label="ContactPersonnelName" xlink:title="ContactPersonnelName" />
    <link:label xlink:type="resource" xlink:label="label_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContactPersonnelName" xml:lang="en-US" id="label_ContactPersonnelName">Contact Personnel Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContactPersonnelName" xlink:to="label_ContactPersonnelName" xlink:title="Label : ContactPersonnelName to label_ContactPersonnelName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
    <link:label xlink:type="resource" xlink:label="label_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityIncorporationStateCountryCode" xml:lang="en-US" id="label_EntityIncorporationStateCountryCode">Entity Incorporation, State or Country Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryCode" xlink:to="label_EntityIncorporationStateCountryCode" xlink:title="Label : EntityIncorporationStateCountryCode to label_EntityIncorporationStateCountryCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressAddressLine1" xml:lang="en-US" id="label_EntityAddressAddressLine1">Entity Address, Address Line One</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine1" xlink:to="label_EntityAddressAddressLine1" xlink:title="Label : EntityAddressAddressLine1 to label_EntityAddressAddressLine1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressPostalZipCode" xml:lang="en-US" id="label_EntityAddressPostalZipCode">Entity Address, Postal Zip Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressPostalZipCode" xlink:to="label_EntityAddressPostalZipCode" xlink:title="Label : EntityAddressPostalZipCode to label_EntityAddressPostalZipCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:label="EntityAddressCityOrTown" xlink:title="EntityAddressCityOrTown" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressCityOrTown" xml:lang="en-US" id="label_EntityAddressCityOrTown">Entity Address, City or Town</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCityOrTown" xlink:to="label_EntityAddressCityOrTown" xlink:title="Label : EntityAddressCityOrTown to label_EntityAddressCityOrTown" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCountry" xlink:label="EntityAddressCountry" xlink:title="EntityAddressCountry" />
    <link:label xlink:type="resource" xlink:label="label_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityAddressCountry" xml:lang="en-US" id="label_EntityAddressCountry">Entity Address, Country</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressCountry" xlink:to="label_EntityAddressCountry" xlink:title="Label : EntityAddressCountry to label_EntityAddressCountry" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
    <link:label xlink:type="resource" xlink:label="label_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CityAreaCode" xml:lang="en-US" id="label_CityAreaCode">City Area Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CityAreaCode" xlink:to="label_CityAreaCode" xlink:title="Label : CityAreaCode to label_CityAreaCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
    <link:label xlink:type="resource" xlink:label="label_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LocalPhoneNumber" xml:lang="en-US" id="label_LocalPhoneNumber">Local Phone Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LocalPhoneNumber" xlink:to="label_LocalPhoneNumber" xlink:title="Label : LocalPhoneNumber to label_LocalPhoneNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AuditorName" xlink:label="AuditorName" xlink:title="AuditorName" />
    <link:label xlink:type="resource" xlink:label="label_AuditorName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorName" xml:lang="en-US" id="label_AuditorName">Auditor Name</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorName" xlink:to="label_AuditorName" xlink:title="Label : AuditorName to label_AuditorName" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AuditorFirmId" xlink:label="AuditorFirmId" xlink:title="AuditorFirmId" />
    <link:label xlink:type="resource" xlink:label="label_AuditorFirmId" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorFirmId" xml:lang="en-US" id="label_AuditorFirmId">Auditor Firm ID</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorFirmId" xlink:to="label_AuditorFirmId" xlink:title="Label : AuditorFirmId to label_AuditorFirmId" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AuditorLocation" xlink:label="AuditorLocation" xlink:title="AuditorLocation" />
    <link:label xlink:type="resource" xlink:label="label_AuditorLocation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorLocation" xml:lang="en-US" id="label_AuditorLocation">Auditor Location</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorLocation" xlink:to="label_AuditorLocation" xlink:title="Label : AuditorLocation to label_AuditorLocation" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="IncomeStatementAbstract" xlink:title="IncomeStatementAbstract" />
    <link:label xlink:type="resource" xlink:label="label_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeStatementAbstract" xml:lang="en-US" id="label_IncomeStatementAbstract">CONSOLIDATED INCOME STATEMENT</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeStatementAbstract" xlink:to="label_IncomeStatementAbstract" xlink:title="Label : IncomeStatementAbstract to label_IncomeStatementAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ContinuingOperationsAbstract" xlink:label="ContinuingOperationsAbstract" xlink:title="ContinuingOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ContinuingOperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContinuingOperationsAbstract" xml:lang="en-US" id="label_ContinuingOperationsAbstract">Continuing operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContinuingOperationsAbstract" xlink:to="label_ContinuingOperationsAbstract" xlink:title="Label : ContinuingOperationsAbstract to label_ContinuingOperationsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Revenue" xlink:label="Revenue" xlink:title="Revenue" />
    <link:label xlink:type="resource" xlink:label="label_Revenue" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Revenue" xml:lang="en-US" id="label_Revenue">Revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue" xlink:title="Label : Revenue to label_Revenue" />
    <link:label xlink:type="resource" xlink:label="label_Revenue_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Revenue_1" xml:lang="en-US" id="label_Revenue_1">Net sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue_1" xlink:title="Label : Revenue to label_Revenue_1" />
    <link:label xlink:type="resource" xlink:label="label_Revenue_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Revenue_2" xml:lang="en-US" id="label_Revenue_2">IFRS - Net Sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Revenue" xlink:to="label_Revenue_2" xlink:title="Label : Revenue to label_Revenue_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CostOfSales" xlink:label="CostOfSales" xlink:title="CostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSales" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CostOfSales" xml:lang="en-US" id="label_CostOfSales">Cost of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="label_CostOfSales" xlink:title="Label : CostOfSales to label_CostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSales_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSales_1" xml:lang="en-US" id="label_CostOfSales_1">ifrs-full_CostOfSales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="label_CostOfSales_1" xlink:title="Label : CostOfSales to label_CostOfSales_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSales_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CostOfSales_2" xml:lang="en-US" id="label_CostOfSales_2">Cost of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSales" xlink:to="label_CostOfSales_2" xlink:title="Label : CostOfSales to label_CostOfSales_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GrossProfit" xlink:label="GrossProfit" xlink:title="GrossProfit" />
    <link:label xlink:type="resource" xlink:label="label_GrossProfit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrossProfit" xml:lang="en-US" id="label_GrossProfit">Gross profit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProfit" xlink:to="label_GrossProfit" xlink:title="Label : GrossProfit to label_GrossProfit" />
    <link:label xlink:type="resource" xlink:label="label_GrossProfit_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_GrossProfit_1" xml:lang="en-US" id="label_GrossProfit_1">Gross profit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossProfit" xlink:to="label_GrossProfit_1" xlink:title="Label : GrossProfit to label_GrossProfit_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:label="SellingGeneralAndAdministrativeExpense" xlink:title="SellingGeneralAndAdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpense" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpense">Selling, general and administrative expenses</link:label>
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    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpense_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpense_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpense_2">Total selling, general and administrative expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpense" xlink:to="label_SellingGeneralAndAdministrativeExpense_2" xlink:title="Label : SellingGeneralAndAdministrativeExpense to label_SellingGeneralAndAdministrativeExpense_2" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpense_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_SellingGeneralAndAdministrativeExpense_3" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpense_3">Total selling, general and administrative expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpense" xlink:to="label_SellingGeneralAndAdministrativeExpense_3" xlink:title="Label : SellingGeneralAndAdministrativeExpense to label_SellingGeneralAndAdministrativeExpense_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:title="ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
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    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_2" xml:lang="en-US" id="label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_2">Impairment charge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_2" xlink:title="Label : ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss to label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherIncome" xlink:label="OtherIncome" xlink:title="OtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherIncome" xml:lang="en-US" id="label_OtherIncome">Other operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome" xlink:title="Label : OtherIncome to label_OtherIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherIncome_1" xml:lang="en-US" id="label_OtherIncome_1">Other operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherIncome" xlink:to="label_OtherIncome_1" xlink:title="Label : OtherIncome to label_OtherIncome_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherExpenseByFunction" xlink:label="OtherExpenseByFunction" xlink:title="OtherExpenseByFunction" />
    <link:label xlink:type="resource" xlink:label="label_OtherExpenseByFunction" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherExpenseByFunction" xml:lang="en-US" id="label_OtherExpenseByFunction">Other operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByFunction" xlink:to="label_OtherExpenseByFunction" xlink:title="Label : OtherExpenseByFunction to label_OtherExpenseByFunction" />
    <link:label xlink:type="resource" xlink:label="label_OtherExpenseByFunction_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherExpenseByFunction_1" xml:lang="en-US" id="label_OtherExpenseByFunction_1">ifrs-full_OtherExpenseByFunction</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByFunction" xlink:to="label_OtherExpenseByFunction_1" xlink:title="Label : OtherExpenseByFunction to label_OtherExpenseByFunction_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherExpenseByFunction_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherExpenseByFunction_2" xml:lang="en-US" id="label_OtherExpenseByFunction_2">Other expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByFunction" xlink:to="label_OtherExpenseByFunction_2" xlink:title="Label : OtherExpenseByFunction to label_OtherExpenseByFunction_2" />
    <link:label xlink:type="resource" xlink:label="label_OtherExpenseByFunction_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherExpenseByFunction_3" xml:lang="en-US" id="label_OtherExpenseByFunction_3">Other operating expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherExpenseByFunction" xlink:to="label_OtherExpenseByFunction_3" xlink:title="Label : OtherExpenseByFunction to label_OtherExpenseByFunction_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="ProfitLossFromOperatingActivities" xlink:title="ProfitLossFromOperatingActivities" />
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    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromOperatingActivities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossFromOperatingActivities_1" xml:lang="en-US" id="label_ProfitLossFromOperatingActivities_1">ifrs-full_ProfitLossFromOperatingActivities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromOperatingActivities" xlink:to="label_ProfitLossFromOperatingActivities_1" xlink:title="Label : ProfitLossFromOperatingActivities to label_ProfitLossFromOperatingActivities_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromOperatingActivities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossFromOperatingActivities_2" xml:lang="en-US" id="label_ProfitLossFromOperatingActivities_2">Operating income (loss)</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinanceIncome" xlink:label="FinanceIncome" xlink:title="FinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinanceIncome" xml:lang="en-US" id="label_FinanceIncome">Finance Income (*)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncome" xlink:to="label_FinanceIncome" xlink:title="Label : FinanceIncome to label_FinanceIncome" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceIncome_1" xml:lang="en-US" id="label_FinanceIncome_1">Finance income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncome" xlink:to="label_FinanceIncome_1" xlink:title="Label : FinanceIncome to label_FinanceIncome_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinanceCosts" xlink:label="FinanceCosts" xlink:title="FinanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceCosts" xml:lang="en-US" id="label_FinanceCosts">ifrs-full_FinanceCosts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts" xlink:title="Label : FinanceCosts to label_FinanceCosts" />
    <link:label xlink:type="resource" xlink:label="label_FinanceCosts_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_FinanceCosts_1" xml:lang="en-US" id="label_FinanceCosts_1">Finance cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceCosts" xlink:to="label_FinanceCosts_1" xlink:title="Label : FinanceCosts to label_FinanceCosts_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherFinanceIncomeCost" xlink:label="OtherFinanceIncomeCost" xlink:title="OtherFinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherFinanceIncomeCost" xml:lang="en-US" id="label_OtherFinanceIncomeCost">Other financial results</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceIncomeCost" xlink:to="label_OtherFinanceIncomeCost" xlink:title="Label : OtherFinanceIncomeCost to label_OtherFinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceIncomeCost_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherFinanceIncomeCost_1" xml:lang="en-US" id="label_OtherFinanceIncomeCost_1">Other financial results</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceIncomeCost" xlink:to="label_OtherFinanceIncomeCost_1" xlink:title="Label : OtherFinanceIncomeCost to label_OtherFinanceIncomeCost_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" xlink:label="LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" xlink:title="LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ProfitLossBeforeTax" xlink:title="ProfitLossBeforeTax" />
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    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossBeforeTax_1" xml:lang="en-US" id="label_ProfitLossBeforeTax_1">Income before income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax_1" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossBeforeTax" xlink:to="label_ProfitLossBeforeTax_2" xlink:title="Label : ProfitLossBeforeTax to label_ProfitLossBeforeTax_2" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossBeforeTax_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossBeforeTax_3" xml:lang="en-US" id="label_ProfitLossBeforeTax_3">Income (loss) before income tax</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxExpenseContinuingOperations" xml:lang="en-US" id="label_IncomeTaxExpenseContinuingOperations">ifrs-full_IncomeTaxExpenseContinuingOperations</link:label>
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    <link:label xlink:type="resource" xlink:label="label_IncomeTaxExpenseContinuingOperations_1" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:title="label_IncomeTaxExpenseContinuingOperations_1" xml:lang="en-US" id="label_IncomeTaxExpenseContinuingOperations_1">Tax charge</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxExpenseContinuingOperations" xlink:to="label_IncomeTaxExpenseContinuingOperations_3" xlink:title="Label : IncomeTaxExpenseContinuingOperations to label_IncomeTaxExpenseContinuingOperations_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="ProfitLossFromContinuingOperations" xlink:title="ProfitLossFromContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLossFromContinuingOperations" xml:lang="en-US" id="label_ProfitLossFromContinuingOperations">Income (loss) for the year</link:label>
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    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromContinuingOperations_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossFromContinuingOperations_1" xml:lang="en-US" id="label_ProfitLossFromContinuingOperations_1">ifrs-full_ProfitLossFromContinuingOperations</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossAttributableToAbstract" xlink:label="ProfitLossAttributableToAbstract" xlink:title="ProfitLossAttributableToAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToAbstract" xml:lang="en-US" id="label_ProfitLossAttributableToAbstract">Attributable to:</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ProfitLossAttributableToOwnersOfParent" xlink:title="ProfitLossAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToOwnersOfParent" xml:lang="en-US" id="label_ProfitLossAttributableToOwnersOfParent">Shareholders' equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="label_ProfitLossAttributableToOwnersOfParent" xlink:title="Label : ProfitLossAttributableToOwnersOfParent to label_ProfitLossAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToOwnersOfParent_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToOwnersOfParent_1" xml:lang="en-US" id="label_ProfitLossAttributableToOwnersOfParent_1">Net income for the year attributable to owners of the parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToOwnersOfParent" xlink:to="label_ProfitLossAttributableToOwnersOfParent_1" xlink:title="Label : ProfitLossAttributableToOwnersOfParent to label_ProfitLossAttributableToOwnersOfParent_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ProfitLossAttributableToNoncontrollingInterests" xlink:title="ProfitLossAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLossAttributableToNoncontrollingInterests" xml:lang="en-US" id="label_ProfitLossAttributableToNoncontrollingInterests">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossAttributableToNoncontrollingInterests" xlink:to="label_ProfitLossAttributableToNoncontrollingInterests" xlink:title="Label : ProfitLossAttributableToNoncontrollingInterests to label_ProfitLossAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossAttributableToNoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossAttributableToNoncontrollingInterests_1" xml:lang="en-US" id="label_ProfitLossAttributableToNoncontrollingInterests_1">Non-controlling interests</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLoss" xlink:label="ProfitLoss" xlink:title="ProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_ProfitLoss" xml:lang="en-US" id="label_ProfitLoss">(Loss) income for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss" xlink:title="Label : ProfitLoss to label_ProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProfitLoss_1" xml:lang="en-US" id="label_ProfitLoss_1">(Loss) income for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_1" xlink:title="Label : ProfitLoss to label_ProfitLoss_1" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProfitLoss_2" xml:lang="en-US" id="label_ProfitLoss_2">(Loss) income for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_2" xlink:title="Label : ProfitLoss to label_ProfitLoss_2" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLoss_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLoss_3" xml:lang="en-US" id="label_ProfitLoss_3">Income (loss) for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLoss" xlink:to="label_ProfitLoss_3" xlink:title="Label : ProfitLoss to label_ProfitLoss_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EarningsPerShareAbstract" xlink:label="EarningsPerShareAbstract" xlink:title="EarningsPerShareAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_WeightedAverageShares" xlink:label="WeightedAverageShares" xlink:title="WeightedAverageShares" />
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    <link:label xlink:type="resource" xlink:label="label_WeightedAverageShares_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageShares_1" xml:lang="en-US" id="label_WeightedAverageShares_1">ifrs-full_WeightedAverageShares</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingExpense" xlink:to="label_MiscellaneousOtherOperatingExpense" xlink:title="Label : MiscellaneousOtherOperatingExpense to label_MiscellaneousOtherOperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherOperatingExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MiscellaneousOtherOperatingExpense_1" xml:lang="en-US" id="label_MiscellaneousOtherOperatingExpense_1">Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingExpense" xlink:to="label_MiscellaneousOtherOperatingExpense_1" xlink:title="Label : MiscellaneousOtherOperatingExpense to label_MiscellaneousOtherOperatingExpense_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_BasicAndDilutedEarningsLossPerShareFromContinuingOperations" xlink:label="BasicAndDilutedEarningsLossPerShareFromContinuingOperations" xlink:title="BasicAndDilutedEarningsLossPerShareFromContinuingOperations" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_BasicAndDilutedEarningsLossPerAmericanDepositaryShareFromContinuingOperations" xlink:label="BasicAndDilutedEarningsLossPerAmericanDepositaryShareFromContinuingOperations" xlink:title="BasicAndDilutedEarningsLossPerAmericanDepositaryShareFromContinuingOperations" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="StatementOfComprehensiveIncomeAbstract" xlink:title="StatementOfComprehensiveIncomeAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfComprehensiveIncomeAbstract" xlink:to="label_StatementOfComprehensiveIncomeAbstract" xlink:title="Label : StatementOfComprehensiveIncomeAbstract to label_StatementOfComprehensiveIncomeAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:title="ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:title="OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
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    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncome_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ComprehensiveIncome_2" xml:lang="en-US" id="label_ComprehensiveIncome_2">Total comprehensive income (loss) for the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncome" xlink:to="label_ComprehensiveIncome_2" xlink:title="Label : ComprehensiveIncome to label_ComprehensiveIncome_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:label="ComprehensiveIncomeAttributableToAbstract" xlink:title="ComprehensiveIncomeAttributableToAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeAttributableToAbstract" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToAbstract">Total comprehensive income (loss) for the year attributable to:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToAbstract" xlink:to="label_ComprehensiveIncomeAttributableToAbstract" xlink:title="Label : ComprehensiveIncomeAttributableToAbstract to label_ComprehensiveIncomeAttributableToAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeAttributableToAbstract_1" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToAbstract_1">Attributable to:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToAbstract" xlink:to="label_ComprehensiveIncomeAttributableToAbstract_1" xlink:title="Label : ComprehensiveIncomeAttributableToAbstract to label_ComprehensiveIncomeAttributableToAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:title="ComprehensiveIncomeAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ComprehensiveIncomeAttributableToOwnersOfParent" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToOwnersOfParent">Shareholders' equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="label_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:title="Label : ComprehensiveIncomeAttributableToOwnersOfParent to label_ComprehensiveIncomeAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToOwnersOfParent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ComprehensiveIncomeAttributableToOwnersOfParent_1" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToOwnersOfParent_1">Comprehensive income, attributable to owners of parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="label_ComprehensiveIncomeAttributableToOwnersOfParent_1" xlink:title="Label : ComprehensiveIncomeAttributableToOwnersOfParent to label_ComprehensiveIncomeAttributableToOwnersOfParent_1" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToOwnersOfParent_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeAttributableToOwnersOfParent_2" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToOwnersOfParent_2">Total comprehensive income for the year, net of tax, attributable to owners of the parent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="label_ComprehensiveIncomeAttributableToOwnersOfParent_2" xlink:title="Label : ComprehensiveIncomeAttributableToOwnersOfParent to label_ComprehensiveIncomeAttributableToOwnersOfParent_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:title="ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToNoncontrollingInterests">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="label_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:title="Label : ComprehensiveIncomeAttributableToNoncontrollingInterests to label_ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" xml:lang="en-US" id="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1">ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" xlink:title="Label : ComprehensiveIncomeAttributableToNoncontrollingInterests to label_ComprehensiveIncomeAttributableToNoncontrollingInterests_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="StatementOfFinancialPositionAbstract" xlink:title="StatementOfFinancialPositionAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfFinancialPositionAbstract" xml:lang="en-US" id="label_StatementOfFinancialPositionAbstract">CONSOLIDATED STATEMENT OF FINANCIAL POSITION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfFinancialPositionAbstract" xlink:to="label_StatementOfFinancialPositionAbstract" xlink:title="Label : StatementOfFinancialPositionAbstract to label_StatementOfFinancialPositionAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AssetsAbstract" xlink:label="AssetsAbstract" xlink:title="AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsAbstract" xml:lang="en-US" id="label_AssetsAbstract">ASSETS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract" xlink:title="Label : AssetsAbstract to label_AssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsAbstract_1" xml:lang="en-US" id="label_AssetsAbstract_1">Assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsAbstract" xlink:to="label_AssetsAbstract_1" xlink:title="Label : AssetsAbstract to label_AssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="NoncurrentAssetsAbstract" xlink:title="NoncurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentAssetsAbstract" xml:lang="en-US" id="label_NoncurrentAssetsAbstract">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsAbstract" xlink:to="label_NoncurrentAssetsAbstract" xlink:title="Label : NoncurrentAssetsAbstract to label_NoncurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssetsAbstract_1" xml:lang="en-US" id="label_NoncurrentAssetsAbstract_1">Non-current assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssetsAbstract" xlink:to="label_NoncurrentAssetsAbstract_1" xlink:title="Label : NoncurrentAssetsAbstract to label_NoncurrentAssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="PropertyPlantAndEquipment" xlink:title="PropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipment" xml:lang="en-US" id="label_PropertyPlantAndEquipment">Property, plant and equipment, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipment" xlink:to="label_PropertyPlantAndEquipment" xlink:title="Label : PropertyPlantAndEquipment to label_PropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipment_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_PropertyPlantAndEquipment_1" xml:lang="en-US" id="label_PropertyPlantAndEquipment_1">Beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipment" xlink:to="label_PropertyPlantAndEquipment_1" xlink:title="Label : PropertyPlantAndEquipment to label_PropertyPlantAndEquipment_1" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_PropertyPlantAndEquipment_2" xml:lang="en-US" id="label_PropertyPlantAndEquipment_2">End of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipment" xlink:to="label_PropertyPlantAndEquipment_2" xlink:title="Label : PropertyPlantAndEquipment to label_PropertyPlantAndEquipment_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="IntangibleAssetsAndGoodwill" xlink:title="IntangibleAssetsAndGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IntangibleAssetsAndGoodwill" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill">Intangible assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsAndGoodwill_1" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill_1">ifrs-full_IntangibleAssetsAndGoodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill_1" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill_1" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IntangibleAssetsAndGoodwill_2" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill_2">Total intangible assets and goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill_2" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill_2" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill_3" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_IntangibleAssetsAndGoodwill_3" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill_3">Values at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill_3" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill_3" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwill_4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_IntangibleAssetsAndGoodwill_4" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwill_4">Values at the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwill" xlink:to="label_IntangibleAssetsAndGoodwill_4" xlink:title="Label : IntangibleAssetsAndGoodwill to label_IntangibleAssetsAndGoodwill_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RightofuseAssets" xlink:label="RightofuseAssets" xlink:title="RightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_RightofuseAssets" xml:lang="en-US" id="label_RightofuseAssets">Cost and Depreciation end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets" xlink:title="Label : RightofuseAssets to label_RightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_RightofuseAssets_1" xml:lang="en-US" id="label_RightofuseAssets_1">Cost and Depreciation beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets_1" xlink:title="Label : RightofuseAssets to label_RightofuseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightofuseAssets_2" xml:lang="en-US" id="label_RightofuseAssets_2">Right-of-use assets, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets_2" xlink:title="Label : RightofuseAssets to label_RightofuseAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssets_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_RightofuseAssets_3" xml:lang="en-US" id="label_RightofuseAssets_3">Right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssets" xlink:to="label_RightofuseAssets_3" xlink:title="Label : RightofuseAssets to label_RightofuseAssets_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:label="InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:title="InvestmentsInSubsidiariesJointVenturesAndAssociates" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInSubsidiariesJointVenturesAndAssociates" xml:lang="en-US" id="label_InvestmentsInSubsidiariesJointVenturesAndAssociates">Value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="label_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:title="Label : InvestmentsInSubsidiariesJointVenturesAndAssociates to label_InvestmentsInSubsidiariesJointVenturesAndAssociates" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_1" xml:lang="en-US" id="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_1">At the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_1" xlink:title="Label : InvestmentsInSubsidiariesJointVenturesAndAssociates to label_InvestmentsInSubsidiariesJointVenturesAndAssociates_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_2" xml:lang="en-US" id="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_2">Investments in non-consolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_2" xlink:title="Label : InvestmentsInSubsidiariesJointVenturesAndAssociates to label_InvestmentsInSubsidiariesJointVenturesAndAssociates_2" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_3" xml:lang="en-US" id="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_3">Total investments in subsidiaries, joint ventures and associates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_3" xlink:title="Label : InvestmentsInSubsidiariesJointVenturesAndAssociates to label_InvestmentsInSubsidiariesJointVenturesAndAssociates_3" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_4" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_4" xml:lang="en-US" id="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_4">At the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="label_InvestmentsInSubsidiariesJointVenturesAndAssociates_4" xlink:title="Label : InvestmentsInSubsidiariesJointVenturesAndAssociates to label_InvestmentsInSubsidiariesJointVenturesAndAssociates_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:label="NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:title="NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xml:lang="en-US" id="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod">Other investments - non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:title="Label : NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod to label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_1">Other investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_1" xlink:title="Label : NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod to label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_2">Other investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_2" xlink:title="Label : NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod to label_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:label="NoncurrentDerivativeFinancialAssets" xlink:title="NoncurrentDerivativeFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentDerivativeFinancialAssets" xml:lang="en-US" id="label_NoncurrentDerivativeFinancialAssets">Derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDerivativeFinancialAssets" xlink:to="label_NoncurrentDerivativeFinancialAssets" xlink:title="Label : NoncurrentDerivativeFinancialAssets to label_NoncurrentDerivativeFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentDerivativeFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentDerivativeFinancialAssets_1" xml:lang="en-US" id="label_NoncurrentDerivativeFinancialAssets_1">ifrs-full_NoncurrentDerivativeFinancialAssets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentDerivativeFinancialAssets" xlink:to="label_NoncurrentDerivativeFinancialAssets_1" xlink:title="Label : NoncurrentDerivativeFinancialAssets to label_NoncurrentDerivativeFinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DeferredTaxAssets" xlink:label="DeferredTaxAssets" xlink:title="DeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxAssets" xml:lang="en-US" id="label_DeferredTaxAssets">Deferred tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DeferredTaxAssets_1" xml:lang="en-US" id="label_DeferredTaxAssets_1">Deferred tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets_1" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssets_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_DeferredTaxAssets_2" xml:lang="en-US" id="label_DeferredTaxAssets_2">Deferred tax assets to be recovered after 12 months</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssets" xlink:to="label_DeferredTaxAssets_2" xlink:title="Label : DeferredTaxAssets to label_DeferredTaxAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentReceivables" xlink:label="NoncurrentReceivables" xlink:title="NoncurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivables" xml:lang="en-US" id="label_NoncurrentReceivables">Receivables, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivables" xlink:to="label_NoncurrentReceivables" xlink:title="Label : NoncurrentReceivables to label_NoncurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivables_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentReceivables_1" xml:lang="en-US" id="label_NoncurrentReceivables_1">Total trade and other non-current receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivables" xlink:to="label_NoncurrentReceivables_1" xlink:title="Label : NoncurrentReceivables to label_NoncurrentReceivables_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivables_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentReceivables_2" xml:lang="en-US" id="label_NoncurrentReceivables_2">Trade and other non-current receivables before the allowance for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivables" xlink:to="label_NoncurrentReceivables_2" xlink:title="Label : NoncurrentReceivables to label_NoncurrentReceivables_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentAssets" xlink:label="NoncurrentAssets" xlink:title="NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentAssets" xml:lang="en-US" id="label_NoncurrentAssets">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentAssets_1" xml:lang="en-US" id="label_NoncurrentAssets_1">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets_1" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentAssets_2" xml:lang="en-US" id="label_NoncurrentAssets_2">Non-current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentAssets" xlink:to="label_NoncurrentAssets_2" xlink:title="Label : NoncurrentAssets to label_NoncurrentAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="CurrentAssetsAbstract" xlink:title="CurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAssetsAbstract" xml:lang="en-US" id="label_CurrentAssetsAbstract">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssetsAbstract" xlink:to="label_CurrentAssetsAbstract" xlink:title="Label : CurrentAssetsAbstract to label_CurrentAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssetsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssetsAbstract_1" xml:lang="en-US" id="label_CurrentAssetsAbstract_1">Current assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssetsAbstract" xlink:to="label_CurrentAssetsAbstract_1" xlink:title="Label : CurrentAssetsAbstract to label_CurrentAssetsAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Inventories" xlink:label="Inventories" xlink:title="Inventories" />
    <link:label xlink:type="resource" xlink:label="label_Inventories" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Inventories" xml:lang="en-US" id="label_Inventories">Inventories, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories" xlink:title="Label : Inventories to label_Inventories" />
    <link:label xlink:type="resource" xlink:label="label_Inventories_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Inventories_1" xml:lang="en-US" id="label_Inventories_1">Inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories_1" xlink:title="Label : Inventories to label_Inventories_1" />
    <link:label xlink:type="resource" xlink:label="label_Inventories_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Inventories_2" xml:lang="en-US" id="label_Inventories_2">Total current inventories</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Inventories" xlink:to="label_Inventories_2" xlink:title="Label : Inventories to label_Inventories_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets" xlink:label="CurrentPrepaymentsAndOtherCurrentAssets" xlink:title="CurrentPrepaymentsAndOtherCurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPrepaymentsAndOtherCurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPrepaymentsAndOtherCurrentAssets" xml:lang="en-US" id="label_CurrentPrepaymentsAndOtherCurrentAssets">Receivables and prepayments, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaymentsAndOtherCurrentAssets" xlink:to="label_CurrentPrepaymentsAndOtherCurrentAssets" xlink:title="Label : CurrentPrepaymentsAndOtherCurrentAssets to label_CurrentPrepaymentsAndOtherCurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPrepaymentsAndOtherCurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentPrepaymentsAndOtherCurrentAssets_1" xml:lang="en-US" id="label_CurrentPrepaymentsAndOtherCurrentAssets_1">Current prepayments and other current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaymentsAndOtherCurrentAssets" xlink:to="label_CurrentPrepaymentsAndOtherCurrentAssets_1" xlink:title="Label : CurrentPrepaymentsAndOtherCurrentAssets to label_CurrentPrepaymentsAndOtherCurrentAssets_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentTaxAssetsCurrent" xlink:label="CurrentTaxAssetsCurrent" xlink:title="CurrentTaxAssetsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxAssetsCurrent" xml:lang="en-US" id="label_CurrentTaxAssetsCurrent">Current tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsCurrent" xlink:to="label_CurrentTaxAssetsCurrent" xlink:title="Label : CurrentTaxAssetsCurrent to label_CurrentTaxAssetsCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxAssetsCurrent_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentTaxAssetsCurrent_1" xml:lang="en-US" id="label_CurrentTaxAssetsCurrent_1">Current tax assets, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxAssetsCurrent" xlink:to="label_CurrentTaxAssetsCurrent_1" xlink:title="Label : CurrentTaxAssetsCurrent to label_CurrentTaxAssetsCurrent_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentTradeReceivables" xlink:label="CurrentTradeReceivables" xlink:title="CurrentTradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentTradeReceivables" xml:lang="en-US" id="label_CurrentTradeReceivables">Trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivables_1" xml:lang="en-US" id="label_CurrentTradeReceivables_1">Trade receivables, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables_1" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTradeReceivables_2" xml:lang="en-US" id="label_CurrentTradeReceivables_2">Current trade receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables_2" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentTradeReceivables_3" xml:lang="en-US" id="label_CurrentTradeReceivables_3">Net Value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables_3" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentDerivativeFinancialAssets" xlink:label="CurrentDerivativeFinancialAssets" xlink:title="CurrentDerivativeFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentDerivativeFinancialAssets" xml:lang="en-US" id="label_CurrentDerivativeFinancialAssets">Derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDerivativeFinancialAssets" xlink:to="label_CurrentDerivativeFinancialAssets" xlink:title="Label : CurrentDerivativeFinancialAssets to label_CurrentDerivativeFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDerivativeFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentDerivativeFinancialAssets_1" xml:lang="en-US" id="label_CurrentDerivativeFinancialAssets_1">ifrs-full_CurrentDerivativeFinancialAssets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDerivativeFinancialAssets" xlink:to="label_CurrentDerivativeFinancialAssets_1" xlink:title="Label : CurrentDerivativeFinancialAssets to label_CurrentDerivativeFinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentInvestments" xlink:label="CurrentInvestments" xlink:title="CurrentInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CurrentInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentInvestments" xml:lang="en-US" id="label_CurrentInvestments">Other investments - current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInvestments" xlink:to="label_CurrentInvestments" xlink:title="Label : CurrentInvestments to label_CurrentInvestments" />
    <link:label xlink:type="resource" xlink:label="label_CurrentInvestments_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentInvestments_1" xml:lang="en-US" id="label_CurrentInvestments_1">Other investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInvestments" xlink:to="label_CurrentInvestments_1" xlink:title="Label : CurrentInvestments to label_CurrentInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentInvestments_2" xml:lang="en-US" id="label_CurrentInvestments_2">Other investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInvestments" xlink:to="label_CurrentInvestments_2" xlink:title="Label : CurrentInvestments to label_CurrentInvestments_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="CashAndCashEquivalents" xlink:title="CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashAndCashEquivalents" xml:lang="en-US" id="label_CashAndCashEquivalents">Cash at banks, liquidity funds and short - term investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalents_1" xml:lang="en-US" id="label_CashAndCashEquivalents_1">Cash and bank deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_1" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalents_2" xml:lang="en-US" id="label_CashAndCashEquivalents_2">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_2" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_2" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalents_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashAndCashEquivalents_3" xml:lang="en-US" id="label_CashAndCashEquivalents_3">Total cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalents" xlink:to="label_CashAndCashEquivalents_3" xlink:title="Label : CashAndCashEquivalents to label_CashAndCashEquivalents_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentAssets" xlink:label="CurrentAssets" xlink:title="CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAssets" xml:lang="en-US" id="label_CurrentAssets">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets" xlink:title="Label : CurrentAssets to label_CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAssets_1" xml:lang="en-US" id="label_CurrentAssets_1">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets_1" xlink:title="Label : CurrentAssets to label_CurrentAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentAssets_2" xml:lang="en-US" id="label_CurrentAssets_2">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets_2" xlink:title="Label : CurrentAssets to label_CurrentAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAssets_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentAssets_3" xml:lang="en-US" id="label_CurrentAssets_3">Current assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAssets" xlink:to="label_CurrentAssets_3" xlink:title="Label : CurrentAssets to label_CurrentAssets_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Assets" xlink:label="Assets" xlink:title="Assets" />
    <link:label xlink:type="resource" xlink:label="label_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Assets" xml:lang="en-US" id="label_Assets">Total assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets" xlink:title="Label : Assets to label_Assets" />
    <link:label xlink:type="resource" xlink:label="label_Assets_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Assets_1" xml:lang="en-US" id="label_Assets_1">Total assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets_1" xlink:title="Label : Assets to label_Assets_1" />
    <link:label xlink:type="resource" xlink:label="label_Assets_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_Assets_2" xml:lang="en-US" id="label_Assets_2">At the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets_2" xlink:title="Label : Assets to label_Assets_2" />
    <link:label xlink:type="resource" xlink:label="label_Assets_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_Assets_3" xml:lang="en-US" id="label_Assets_3">At the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Assets" xlink:to="label_Assets_3" xlink:title="Label : Assets to label_Assets_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EquityAbstract" xlink:label="EquityAbstract" xlink:title="EquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAbstract" xml:lang="en-US" id="label_EquityAbstract">EQUITY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAbstract" xlink:to="label_EquityAbstract" xlink:title="Label : EquityAbstract to label_EquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_EquityAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAbstract_1" xml:lang="en-US" id="label_EquityAbstract_1">Equity [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAbstract" xlink:to="label_EquityAbstract_1" xlink:title="Label : EquityAbstract to label_EquityAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="EquityAttributableToOwnersOfParent" xlink:title="EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAttributableToOwnersOfParent" xml:lang="en-US" id="label_EquityAttributableToOwnersOfParent">Shareholders' equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParent" xlink:to="label_EquityAttributableToOwnersOfParent" xlink:title="Label : EquityAttributableToOwnersOfParent to label_EquityAttributableToOwnersOfParent" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncontrollingInterests" xlink:label="NoncontrollingInterests" xlink:title="NoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterests" xml:lang="en-US" id="label_NoncontrollingInterests">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterests" xlink:to="label_NoncontrollingInterests" xlink:title="Label : NoncontrollingInterests to label_NoncontrollingInterests" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Equity" xlink:label="Equity" xlink:title="Equity" />
    <link:label xlink:type="resource" xlink:label="label_Equity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Equity" xml:lang="en-US" id="label_Equity">Total equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity" xlink:title="Label : Equity to label_Equity" />
    <link:label xlink:type="resource" xlink:label="label_Equity_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Equity_1" xml:lang="en-US" id="label_Equity_1">ifrs-full_Equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_1" xlink:title="Label : Equity to label_Equity_1" />
    <link:label xlink:type="resource" xlink:label="label_Equity_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Equity_2" xml:lang="en-US" id="label_Equity_2">Total equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_2" xlink:title="Label : Equity to label_Equity_2" />
    <link:label xlink:type="resource" xlink:label="label_Equity_3" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_Equity_3" xml:lang="en-US" id="label_Equity_3">Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_3" xlink:title="Label : Equity to label_Equity_3" />
    <link:label xlink:type="resource" xlink:label="label_Equity_4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_Equity_4" xml:lang="en-US" id="label_Equity_4">Balance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Equity" xlink:to="label_Equity_4" xlink:title="Label : Equity to label_Equity_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="LiabilitiesAbstract" xlink:title="LiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilitiesAbstract" xml:lang="en-US" id="label_LiabilitiesAbstract">LIABILITIES</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAbstract" xlink:to="label_LiabilitiesAbstract" xlink:title="Label : LiabilitiesAbstract to label_LiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesAbstract_1" xml:lang="en-US" id="label_LiabilitiesAbstract_1">Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesAbstract" xlink:to="label_LiabilitiesAbstract_1" xlink:title="Label : LiabilitiesAbstract to label_LiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="NoncurrentLiabilitiesAbstract" xlink:title="NoncurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLiabilitiesAbstract" xml:lang="en-US" id="label_NoncurrentLiabilitiesAbstract">Non-current liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilitiesAbstract" xlink:to="label_NoncurrentLiabilitiesAbstract" xlink:title="Label : NoncurrentLiabilitiesAbstract to label_NoncurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentLiabilitiesAbstract_1" xml:lang="en-US" id="label_NoncurrentLiabilitiesAbstract_1">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilitiesAbstract" xlink:to="label_NoncurrentLiabilitiesAbstract_1" xlink:title="Label : NoncurrentLiabilitiesAbstract to label_NoncurrentLiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LongtermBorrowings" xlink:label="LongtermBorrowings" xlink:title="LongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LongtermBorrowings" xml:lang="en-US" id="label_LongtermBorrowings">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LongtermBorrowings_1" xml:lang="en-US" id="label_LongtermBorrowings_1">ifrs-full_LongtermBorrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_1" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LongtermBorrowings_2" xml:lang="en-US" id="label_LongtermBorrowings_2">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_2" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings_2" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings_3" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:title="label_LongtermBorrowings_3" xml:lang="en-US" id="label_LongtermBorrowings_3">Total non-current portion of non-current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_3" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings_3" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings_4" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_LongtermBorrowings_4" xml:lang="en-US" id="label_LongtermBorrowings_4">At the beginning of the year, noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_4" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings_4" />
    <link:label xlink:type="resource" xlink:label="label_LongtermBorrowings_5" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_LongtermBorrowings_5" xml:lang="en-US" id="label_LongtermBorrowings_5">At the end of the year, noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LongtermBorrowings" xlink:to="label_LongtermBorrowings_5" xlink:title="Label : LongtermBorrowings to label_LongtermBorrowings_5" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentLeaseLiabilities" xlink:label="NoncurrentLeaseLiabilities" xlink:title="NoncurrentLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentLeaseLiabilities" xml:lang="en-US" id="label_NoncurrentLeaseLiabilities">Lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLeaseLiabilities" xlink:to="label_NoncurrentLeaseLiabilities" xlink:title="Label : NoncurrentLeaseLiabilities to label_NoncurrentLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLeaseLiabilities_1" xml:lang="en-US" id="label_NoncurrentLeaseLiabilities_1">ifrs-full_NoncurrentLeaseLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLeaseLiabilities" xlink:to="label_NoncurrentLeaseLiabilities_1" xlink:title="Label : NoncurrentLeaseLiabilities to label_NoncurrentLeaseLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="DeferredTaxLiabilities" xlink:title="DeferredTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DeferredTaxLiabilities" xml:lang="en-US" id="label_DeferredTaxLiabilities">Deferred tax liabilities to be settled after 12 months</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxLiabilities_1" xml:lang="en-US" id="label_DeferredTaxLiabilities_1">Deferred tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities_1" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredTaxLiabilities_2" xml:lang="en-US" id="label_DeferredTaxLiabilities_2">Deferred tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilities" xlink:to="label_DeferredTaxLiabilities_2" xlink:title="Label : DeferredTaxLiabilities to label_DeferredTaxLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherNoncurrentLiabilities" xlink:label="OtherNoncurrentLiabilities" xlink:title="OtherNoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherNoncurrentLiabilities" xml:lang="en-US" id="label_OtherNoncurrentLiabilities">Other liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentLiabilities" xlink:to="label_OtherNoncurrentLiabilities" xlink:title="Label : OtherNoncurrentLiabilities to label_OtherNoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentLiabilities_1" xml:lang="en-US" id="label_OtherNoncurrentLiabilities_1">ifrs-full_OtherNoncurrentLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentLiabilities" xlink:to="label_OtherNoncurrentLiabilities_1" xlink:title="Label : OtherNoncurrentLiabilities to label_OtherNoncurrentLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherNoncurrentLiabilities_2" xml:lang="en-US" id="label_OtherNoncurrentLiabilities_2">Other non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentLiabilities" xlink:to="label_OtherNoncurrentLiabilities_2" xlink:title="Label : OtherNoncurrentLiabilities to label_OtherNoncurrentLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentProvisions" xlink:label="NoncurrentProvisions" xlink:title="NoncurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentProvisions" xml:lang="en-US" id="label_NoncurrentProvisions">Provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisions" xlink:to="label_NoncurrentProvisions" xlink:title="Label : NoncurrentProvisions to label_NoncurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentProvisions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentProvisions_1" xml:lang="en-US" id="label_NoncurrentProvisions_1">ifrs-full_NoncurrentProvisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentProvisions" xlink:to="label_NoncurrentProvisions_1" xlink:title="Label : NoncurrentProvisions to label_NoncurrentProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="NoncurrentLiabilities" xlink:title="NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_NoncurrentLiabilities" xml:lang="en-US" id="label_NoncurrentLiabilities">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentLiabilities_1" xml:lang="en-US" id="label_NoncurrentLiabilities_1">Non-current liabilities:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities_1" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentLiabilities_2" xml:lang="en-US" id="label_NoncurrentLiabilities_2">Non-current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentLiabilities" xlink:to="label_NoncurrentLiabilities_2" xlink:title="Label : NoncurrentLiabilities to label_NoncurrentLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="CurrentLiabilitiesAbstract" xlink:title="CurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentLiabilitiesAbstract" xml:lang="en-US" id="label_CurrentLiabilitiesAbstract">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilitiesAbstract" xlink:to="label_CurrentLiabilitiesAbstract" xlink:title="Label : CurrentLiabilitiesAbstract to label_CurrentLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilitiesAbstract_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLiabilitiesAbstract_1" xml:lang="en-US" id="label_CurrentLiabilitiesAbstract_1">Current liabilities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilitiesAbstract" xlink:to="label_CurrentLiabilitiesAbstract_1" xlink:title="Label : CurrentLiabilitiesAbstract to label_CurrentLiabilitiesAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xml:lang="en-US" id="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="Label : CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xml:lang="en-US" id="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xlink:title="Label : CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" xml:lang="en-US" id="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2">At the beginning of the year, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" xlink:title="Label : CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_3" xml:lang="en-US" id="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_3">At the end of the year, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_3" xlink:title="Label : CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_3" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_4" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:title="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_4" xml:lang="en-US" id="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_4">Total current borrowings and current portion of non-current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_4" xlink:title="Label : CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_4" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentLeaseLiabilities" xlink:label="CurrentLeaseLiabilities" xlink:title="CurrentLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentLeaseLiabilities" xml:lang="en-US" id="label_CurrentLeaseLiabilities">Lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLeaseLiabilities" xlink:to="label_CurrentLeaseLiabilities" xlink:title="Label : CurrentLeaseLiabilities to label_CurrentLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLeaseLiabilities_1" xml:lang="en-US" id="label_CurrentLeaseLiabilities_1">ifrs-full_CurrentLeaseLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLeaseLiabilities" xlink:to="label_CurrentLeaseLiabilities_1" xlink:title="Label : CurrentLeaseLiabilities to label_CurrentLeaseLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:label="CurrentDerivativeFinancialLiabilities" xlink:title="CurrentDerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentDerivativeFinancialLiabilities" xml:lang="en-US" id="label_CurrentDerivativeFinancialLiabilities">Derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDerivativeFinancialLiabilities" xlink:to="label_CurrentDerivativeFinancialLiabilities" xlink:title="Label : CurrentDerivativeFinancialLiabilities to label_CurrentDerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentDerivativeFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentDerivativeFinancialLiabilities_1" xml:lang="en-US" id="label_CurrentDerivativeFinancialLiabilities_1">ifrs-full_CurrentDerivativeFinancialLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentDerivativeFinancialLiabilities" xlink:to="label_CurrentDerivativeFinancialLiabilities_1" xlink:title="Label : CurrentDerivativeFinancialLiabilities to label_CurrentDerivativeFinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="CurrentTaxLiabilitiesCurrent" xlink:title="CurrentTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentTaxLiabilitiesCurrent" xml:lang="en-US" id="label_CurrentTaxLiabilitiesCurrent">Current tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="label_CurrentTaxLiabilitiesCurrent" xlink:title="Label : CurrentTaxLiabilitiesCurrent to label_CurrentTaxLiabilitiesCurrent" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxLiabilitiesCurrent_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxLiabilitiesCurrent_1" xml:lang="en-US" id="label_CurrentTaxLiabilitiesCurrent_1">ifrs-full_CurrentTaxLiabilitiesCurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="label_CurrentTaxLiabilitiesCurrent_1" xlink:title="Label : CurrentTaxLiabilitiesCurrent to label_CurrentTaxLiabilitiesCurrent_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxLiabilitiesCurrent_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentTaxLiabilitiesCurrent_2" xml:lang="en-US" id="label_CurrentTaxLiabilitiesCurrent_2">Current tax liabilities, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxLiabilitiesCurrent" xlink:to="label_CurrentTaxLiabilitiesCurrent_2" xlink:title="Label : CurrentTaxLiabilitiesCurrent to label_CurrentTaxLiabilitiesCurrent_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherCurrentLiabilities" xlink:label="OtherCurrentLiabilities" xlink:title="OtherCurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherCurrentLiabilities" xml:lang="en-US" id="label_OtherCurrentLiabilities">Other liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentLiabilities" xlink:to="label_OtherCurrentLiabilities" xlink:title="Label : OtherCurrentLiabilities to label_OtherCurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentLiabilities_1" xml:lang="en-US" id="label_OtherCurrentLiabilities_1">ifrs-full_OtherCurrentLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentLiabilities" xlink:to="label_OtherCurrentLiabilities_1" xlink:title="Label : OtherCurrentLiabilities to label_OtherCurrentLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OtherCurrentLiabilities_2" xml:lang="en-US" id="label_OtherCurrentLiabilities_2">Other current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentLiabilities" xlink:to="label_OtherCurrentLiabilities_2" xlink:title="Label : OtherCurrentLiabilities to label_OtherCurrentLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentProvisions" xlink:label="CurrentProvisions" xlink:title="CurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentProvisions" xml:lang="en-US" id="label_CurrentProvisions">Current provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisions" xlink:to="label_CurrentProvisions" xlink:title="Label : CurrentProvisions to label_CurrentProvisions" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisions_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentProvisions_1" xml:lang="en-US" id="label_CurrentProvisions_1">Provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisions" xlink:to="label_CurrentProvisions_1" xlink:title="Label : CurrentProvisions to label_CurrentProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentAdvances" xlink:label="CurrentAdvances" xlink:title="CurrentAdvances" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAdvances" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentAdvances" xml:lang="en-US" id="label_CurrentAdvances">Customer advances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAdvances" xlink:to="label_CurrentAdvances" xlink:title="Label : CurrentAdvances to label_CurrentAdvances" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAdvances_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAdvances_1" xml:lang="en-US" id="label_CurrentAdvances_1">ifrs-full_CurrentAdvances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAdvances" xlink:to="label_CurrentAdvances_1" xlink:title="Label : CurrentAdvances to label_CurrentAdvances_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TradeAndOtherCurrentPayables" xlink:label="TradeAndOtherCurrentPayables" xlink:title="TradeAndOtherCurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_TradeAndOtherCurrentPayables" xml:lang="en-US" id="label_TradeAndOtherCurrentPayables">Trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayables" xlink:to="label_TradeAndOtherCurrentPayables" xlink:title="Label : TradeAndOtherCurrentPayables to label_TradeAndOtherCurrentPayables" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentPayables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherCurrentPayables_1" xml:lang="en-US" id="label_TradeAndOtherCurrentPayables_1">Trade payables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentPayables" xlink:to="label_TradeAndOtherCurrentPayables_1" xlink:title="Label : TradeAndOtherCurrentPayables to label_TradeAndOtherCurrentPayables_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentLiabilities" xlink:label="CurrentLiabilities" xlink:title="CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentLiabilities" xml:lang="en-US" id="label_CurrentLiabilities">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentLiabilities_1" xml:lang="en-US" id="label_CurrentLiabilities_1">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities_1" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentLiabilities_2" xml:lang="en-US" id="label_CurrentLiabilities_2">Current liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentLiabilities" xlink:to="label_CurrentLiabilities_2" xlink:title="Label : CurrentLiabilities to label_CurrentLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Liabilities" xlink:label="Liabilities" xlink:title="Liabilities" />
    <link:label xlink:type="resource" xlink:label="label_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Liabilities" xml:lang="en-US" id="label_Liabilities">Total liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:to="label_Liabilities" xlink:title="Label : Liabilities to label_Liabilities" />
    <link:label xlink:type="resource" xlink:label="label_Liabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Liabilities_1" xml:lang="en-US" id="label_Liabilities_1">Total liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Liabilities" xlink:to="label_Liabilities_1" xlink:title="Label : Liabilities to label_Liabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EquityAndLiabilities" xlink:label="EquityAndLiabilities" xlink:title="EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAndLiabilities" xml:lang="en-US" id="label_EquityAndLiabilities">ifrs-full_EquityAndLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities" xlink:title="Label : EquityAndLiabilities to label_EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EquityAndLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EquityAndLiabilities_1" xml:lang="en-US" id="label_EquityAndLiabilities_1">Total equity and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAndLiabilities" xlink:to="label_EquityAndLiabilities_1" xlink:title="Label : EquityAndLiabilities to label_EquityAndLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="StatementOfChangesInEquityAbstract" xlink:title="StatementOfChangesInEquityAbstract" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfChangesInEquityAbstract" xml:lang="en-US" id="label_StatementOfChangesInEquityAbstract">CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityAbstract" xlink:to="label_StatementOfChangesInEquityAbstract" xlink:title="Label : StatementOfChangesInEquityAbstract to label_StatementOfChangesInEquityAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="StatementOfChangesInEquityTable" xlink:title="StatementOfChangesInEquityTable" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfChangesInEquityTable" xml:lang="en-US" id="label_StatementOfChangesInEquityTable">Statement of changes in equity [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityTable" xlink:to="label_StatementOfChangesInEquityTable" xlink:title="Label : StatementOfChangesInEquityTable to label_StatementOfChangesInEquityTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ComponentsOfEquityAxis" xlink:title="ComponentsOfEquityAxis" />
    <link:label xlink:type="resource" xlink:label="label_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ComponentsOfEquityAxis" xml:lang="en-US" id="label_ComponentsOfEquityAxis">Components of equity [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ComponentsOfEquityAxis" xlink:to="label_ComponentsOfEquityAxis" xlink:title="Label : ComponentsOfEquityAxis to label_ComponentsOfEquityAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EquityMember" xlink:label="EquityMember" xlink:title="EquityMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityMember" xml:lang="en-US" id="label_EquityMember">Equity [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityMember" xlink:to="label_EquityMember" xlink:title="Label : EquityMember to label_EquityMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="EquityAttributableToOwnersOfParentMember" xlink:title="EquityAttributableToOwnersOfParentMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityAttributableToOwnersOfParentMember" xml:lang="en-US" id="label_EquityAttributableToOwnersOfParentMember">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityAttributableToOwnersOfParentMember_1" xml:lang="en-US" id="label_EquityAttributableToOwnersOfParentMember_1">Equity attributable to owners of parent [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember_1" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember_1" />
    <link:label xlink:type="resource" xlink:label="label_EquityAttributableToOwnersOfParentMember_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_EquityAttributableToOwnersOfParentMember_2" xml:lang="en-US" id="label_EquityAttributableToOwnersOfParentMember_2">Owners of the parent [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityAttributableToOwnersOfParentMember" xlink:to="label_EquityAttributableToOwnersOfParentMember_2" xlink:title="Label : EquityAttributableToOwnersOfParentMember to label_EquityAttributableToOwnersOfParentMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IssuedCapitalMember" xlink:label="IssuedCapitalMember" xlink:title="IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IssuedCapitalMember" xml:lang="en-US" id="label_IssuedCapitalMember">Share Capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember" xlink:title="Label : IssuedCapitalMember to label_IssuedCapitalMember" />
    <link:label xlink:type="resource" xlink:label="label_IssuedCapitalMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IssuedCapitalMember_1" xml:lang="en-US" id="label_IssuedCapitalMember_1">Issued capital [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IssuedCapitalMember" xlink:to="label_IssuedCapitalMember_1" xlink:title="Label : IssuedCapitalMember to label_IssuedCapitalMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_StatutoryReserveMember" xlink:label="StatutoryReserveMember" xlink:title="StatutoryReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_StatutoryReserveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatutoryReserveMember" xml:lang="en-US" id="label_StatutoryReserveMember">Legal Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryReserveMember" xlink:to="label_StatutoryReserveMember" xlink:title="Label : StatutoryReserveMember to label_StatutoryReserveMember" />
    <link:label xlink:type="resource" xlink:label="label_StatutoryReserveMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatutoryReserveMember_1" xml:lang="en-US" id="label_StatutoryReserveMember_1">Statutory reserve [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatutoryReserveMember" xlink:to="label_StatutoryReserveMember_1" xlink:title="Label : StatutoryReserveMember to label_StatutoryReserveMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SharePremiumMember" xlink:label="SharePremiumMember" xlink:title="SharePremiumMember" />
    <link:label xlink:type="resource" xlink:label="label_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharePremiumMember" xml:lang="en-US" id="label_SharePremiumMember">Share Premium</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremiumMember" xlink:to="label_SharePremiumMember" xlink:title="Label : SharePremiumMember to label_SharePremiumMember" />
    <link:label xlink:type="resource" xlink:label="label_SharePremiumMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharePremiumMember_1" xml:lang="en-US" id="label_SharePremiumMember_1">Share premium [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharePremiumMember" xlink:to="label_SharePremiumMember_1" xlink:title="Label : SharePremiumMember to label_SharePremiumMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfExchangeDifferencesOnTranslationMember" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslationMember">Reserve of exchange differences on translation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_ReserveOfExchangeDifferencesOnTranslationMember" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslationMember to label_ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslationMember_1">Currency Translation Adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="label_ReserveOfExchangeDifferencesOnTranslationMember_1" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslationMember to label_ReserveOfExchangeDifferencesOnTranslationMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherReservesMember" xlink:label="OtherReservesMember" xlink:title="OtherReservesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherReservesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReservesMember" xml:lang="en-US" id="label_OtherReservesMember">Other reserves [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReservesMember" xlink:to="label_OtherReservesMember" xlink:title="Label : OtherReservesMember to label_OtherReservesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherReservesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherReservesMember_1" xml:lang="en-US" id="label_OtherReservesMember_1">Other Reserves</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReservesMember" xlink:to="label_OtherReservesMember_1" xlink:title="Label : OtherReservesMember to label_OtherReservesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RetainedEarningsMember" xlink:label="RetainedEarningsMember" xlink:title="RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RetainedEarningsMember" xml:lang="en-US" id="label_RetainedEarningsMember">Retained earnings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember" xlink:title="Label : RetainedEarningsMember to label_RetainedEarningsMember" />
    <link:label xlink:type="resource" xlink:label="label_RetainedEarningsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RetainedEarningsMember_1" xml:lang="en-US" id="label_RetainedEarningsMember_1">Retained Earnings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RetainedEarningsMember" xlink:to="label_RetainedEarningsMember_1" xlink:title="Label : RetainedEarningsMember to label_RetainedEarningsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="NoncontrollingInterestsMember" xlink:title="NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncontrollingInterestsMember" xml:lang="en-US" id="label_NoncontrollingInterestsMember">Non-controlling interests [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="label_NoncontrollingInterestsMember" xlink:title="Label : NoncontrollingInterestsMember to label_NoncontrollingInterestsMember" />
    <link:label xlink:type="resource" xlink:label="label_NoncontrollingInterestsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncontrollingInterestsMember_1" xml:lang="en-US" id="label_NoncontrollingInterestsMember_1">Non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncontrollingInterestsMember" xlink:to="label_NoncontrollingInterestsMember_1" xlink:title="Label : NoncontrollingInterestsMember to label_NoncontrollingInterestsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_StatementOfChangesInEquityLineItems" xlink:label="StatementOfChangesInEquityLineItems" xlink:title="StatementOfChangesInEquityLineItems" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementOfChangesInEquityLineItems" xml:lang="en-US" id="label_StatementOfChangesInEquityLineItems">Statement of changes in equity [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityLineItems" xlink:to="label_StatementOfChangesInEquityLineItems" xlink:title="Label : StatementOfChangesInEquityLineItems to label_StatementOfChangesInEquityLineItems" />
    <link:label xlink:type="resource" xlink:label="label_StatementOfChangesInEquityLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_StatementOfChangesInEquityLineItems_1" xml:lang="en-US" id="label_StatementOfChangesInEquityLineItems_1">CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementOfChangesInEquityLineItems" xlink:to="label_StatementOfChangesInEquityLineItems_1" xlink:title="Label : StatementOfChangesInEquityLineItems to label_StatementOfChangesInEquityLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:title="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">Remeasurements of post-employment benefit obligations, net of taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans to label_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:title="OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xml:lang="en-US" id="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome">Change in value of instruments at fair value through other comprehensive income and cash flow hedges, net of taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:title="Label : OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome to label_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US" id="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">From other comprehensive income of non-consolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:title="Label : ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod to label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:label="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:title="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xml:lang="en-US" id="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl">Acquisition and other changes in non-controlling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:title="Label : IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl to label_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsPaid" xlink:label="DividendsPaid" xlink:title="DividendsPaid" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaid" xml:lang="en-US" id="label_DividendsPaid">ifrs-full_DividendsPaid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid" xlink:title="Label : DividendsPaid to label_DividendsPaid" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaid_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaid_1" xml:lang="en-US" id="label_DividendsPaid_1">Dividends recognised as distributions to owners</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_1" xlink:title="Label : DividendsPaid to label_DividendsPaid_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaid_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsPaid_2" xml:lang="en-US" id="label_DividendsPaid_2">Dividends paid in cash</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_2" xlink:title="Label : DividendsPaid to label_DividendsPaid_2" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaid_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DividendsPaid_3" xml:lang="en-US" id="label_DividendsPaid_3">Dividends recognised as distributions to owners</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaid" xlink:to="label_DividendsPaid_3" xlink:title="Label : DividendsPaid to label_DividendsPaid_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NumberOfSharesAuthorised" xlink:label="NumberOfSharesAuthorised" xlink:title="NumberOfSharesAuthorised" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesAuthorised" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesAuthorised" xml:lang="en-US" id="label_NumberOfSharesAuthorised">Authorized share capital (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesAuthorised" xlink:to="label_NumberOfSharesAuthorised" xlink:title="Label : NumberOfSharesAuthorised to label_NumberOfSharesAuthorised" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesAuthorised_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesAuthorised_1" xml:lang="en-US" id="label_NumberOfSharesAuthorised_1">Number of shares authorised (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesAuthorised" xlink:to="label_NumberOfSharesAuthorised_1" xlink:title="Label : NumberOfSharesAuthorised to label_NumberOfSharesAuthorised_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ParValuePerShare" xlink:label="ParValuePerShare" xlink:title="ParValuePerShare" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParValuePerShare" xlink:to="label_ParValuePerShare" xlink:title="Label : ParValuePerShare to label_ParValuePerShare" />
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    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesIssued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesIssued_1" xml:lang="en-US" id="label_NumberOfSharesIssued_1">Total number of shares issued (in shares)</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:title="CashFlowsFromUsedInOperatingActivitiesAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="AdjustmentsForReconcileProfitLossAbstract" xlink:title="AdjustmentsForReconcileProfitLossAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:label="AdjustmentsForDepreciationAndAmortisationExpense" xlink:title="AdjustmentsForDepreciationAndAmortisationExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForDepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForDepreciationAndAmortisationExpense" xml:lang="en-US" id="label_AdjustmentsForDepreciationAndAmortisationExpense">ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDepreciationAndAmortisationExpense" xlink:to="label_AdjustmentsForDepreciationAndAmortisationExpense" xlink:title="Label : AdjustmentsForDepreciationAndAmortisationExpense to label_AdjustmentsForDepreciationAndAmortisationExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForDepreciationAndAmortisationExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForDepreciationAndAmortisationExpense_1" xml:lang="en-US" id="label_AdjustmentsForDepreciationAndAmortisationExpense_1">Depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForDepreciationAndAmortisationExpense" xlink:to="label_AdjustmentsForDepreciationAndAmortisationExpense_1" xlink:title="Label : AdjustmentsForDepreciationAndAmortisationExpense to label_AdjustmentsForDepreciationAndAmortisationExpense_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:title="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:title="Label : AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss to label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1" xml:lang="en-US" id="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1">Impairment charge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1" xlink:title="Label : AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss to label_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:label="AdjustmentsForIncomeTaxExpense" xlink:title="AdjustmentsForIncomeTaxExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncomeTaxExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForIncomeTaxExpense" xml:lang="en-US" id="label_AdjustmentsForIncomeTaxExpense">ifrs-full_AdjustmentsForIncomeTaxExpense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncomeTaxExpense" xlink:to="label_AdjustmentsForIncomeTaxExpense" xlink:title="Label : AdjustmentsForIncomeTaxExpense to label_AdjustmentsForIncomeTaxExpense" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncomeTaxExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForIncomeTaxExpense_1" xml:lang="en-US" id="label_AdjustmentsForIncomeTaxExpense_1">Income tax accruals less payments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncomeTaxExpense" xlink:to="label_AdjustmentsForIncomeTaxExpense_1" xlink:title="Label : AdjustmentsForIncomeTaxExpense to label_AdjustmentsForIncomeTaxExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForIncomeTaxExpense_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AdjustmentsForIncomeTaxExpense_2" xml:lang="en-US" id="label_AdjustmentsForIncomeTaxExpense_2">Adjustments for income tax expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForIncomeTaxExpense" xlink:to="label_AdjustmentsForIncomeTaxExpense_2" xlink:title="Label : AdjustmentsForIncomeTaxExpense to label_AdjustmentsForIncomeTaxExpense_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates" xlink:label="AdjustmentsForUndistributedProfitsOfAssociates" xlink:title="AdjustmentsForUndistributedProfitsOfAssociates" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForUndistributedProfitsOfAssociates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForUndistributedProfitsOfAssociates" xml:lang="en-US" id="label_AdjustmentsForUndistributedProfitsOfAssociates">ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForUndistributedProfitsOfAssociates" xlink:to="label_AdjustmentsForUndistributedProfitsOfAssociates" xlink:title="Label : AdjustmentsForUndistributedProfitsOfAssociates to label_AdjustmentsForUndistributedProfitsOfAssociates" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForUndistributedProfitsOfAssociates_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdjustmentsForUndistributedProfitsOfAssociates_1" xml:lang="en-US" id="label_AdjustmentsForUndistributedProfitsOfAssociates_1">Equity in earnings of non-consolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForUndistributedProfitsOfAssociates" xlink:to="label_AdjustmentsForUndistributedProfitsOfAssociates_1" xlink:title="Label : AdjustmentsForUndistributedProfitsOfAssociates to label_AdjustmentsForUndistributedProfitsOfAssociates_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForFinanceIncomeCost" xlink:label="AdjustmentsForFinanceIncomeCost" xlink:title="AdjustmentsForFinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForFinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForFinanceIncomeCost" xml:lang="en-US" id="label_AdjustmentsForFinanceIncomeCost">Adjustments for finance income (cost)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForFinanceIncomeCost" xlink:to="label_AdjustmentsForFinanceIncomeCost" xlink:title="Label : AdjustmentsForFinanceIncomeCost to label_AdjustmentsForFinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForFinanceIncomeCost_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AdjustmentsForFinanceIncomeCost_1" xml:lang="en-US" id="label_AdjustmentsForFinanceIncomeCost_1">Interest accruals less payments, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForFinanceIncomeCost" xlink:to="label_AdjustmentsForFinanceIncomeCost_1" xlink:title="Label : AdjustmentsForFinanceIncomeCost to label_AdjustmentsForFinanceIncomeCost_1" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForFinanceIncomeCost_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_AdjustmentsForFinanceIncomeCost_2" xml:lang="en-US" id="label_AdjustmentsForFinanceIncomeCost_2">Interest income (expense)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForFinanceIncomeCost" xlink:to="label_AdjustmentsForFinanceIncomeCost_2" xlink:title="Label : AdjustmentsForFinanceIncomeCost to label_AdjustmentsForFinanceIncomeCost_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForProvisions" xlink:label="AdjustmentsForProvisions" xlink:title="AdjustmentsForProvisions" />
    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdjustmentsForProvisions" xml:lang="en-US" id="label_AdjustmentsForProvisions">ifrs-full_AdjustmentsForProvisions</link:label>
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    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForProvisions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdjustmentsForProvisions_1" xml:lang="en-US" id="label_AdjustmentsForProvisions_1">Changes in provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForProvisions" xlink:to="label_AdjustmentsForProvisions_1" xlink:title="Label : AdjustmentsForProvisions to label_AdjustmentsForProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:label="AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:title="AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:title="AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="IncreaseDecreaseInWorkingCapital" xlink:title="IncreaseDecreaseInWorkingCapital" />
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    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xml:lang="en-US" id="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition">At the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:to="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:title="Label : CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition to label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_1" xml:lang="en-US" id="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_1">At December 31,</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:to="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_1" xlink:title="Label : CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition to label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_2" xml:lang="en-US" id="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_2">ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:to="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_2" xlink:title="Label : CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition to label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_2" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_3" xml:lang="en-US" id="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_3">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:to="label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_3" xlink:title="Label : CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition to label_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:title="EffectOfExchangeRateChangesOnCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xml:lang="en-US" id="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents">ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:title="Label : EffectOfExchangeRateChangesOnCashAndCashEquivalents to label_EffectOfExchangeRateChangesOnCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents_1" xml:lang="en-US" id="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents_1">Effect of exchange rate changes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="label_EffectOfExchangeRateChangesOnCashAndCashEquivalents_1" xlink:title="Label : EffectOfExchangeRateChangesOnCashAndCashEquivalents to label_EffectOfExchangeRateChangesOnCashAndCashEquivalents_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashAndCashEquivalentsAbstract" xlink:label="CashAndCashEquivalentsAbstract" xlink:title="CashAndCashEquivalentsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CashAndCashEquivalentsAbstract" xml:lang="en-US" id="label_CashAndCashEquivalentsAbstract">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAbstract" xlink:to="label_CashAndCashEquivalentsAbstract" xlink:title="Label : CashAndCashEquivalentsAbstract to label_CashAndCashEquivalentsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashAndCashEquivalentsAbstract_1" xml:lang="en-US" id="label_CashAndCashEquivalentsAbstract_1">Cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAbstract" xlink:to="label_CashAndCashEquivalentsAbstract_1" xlink:title="Label : CashAndCashEquivalentsAbstract to label_CashAndCashEquivalentsAbstract_1" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsAbstract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsAbstract_2" xml:lang="en-US" id="label_CashAndCashEquivalentsAbstract_2">Cash and cash equivalents:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsAbstract" xlink:to="label_CashAndCashEquivalentsAbstract_2" xlink:title="Label : CashAndCashEquivalentsAbstract to label_CashAndCashEquivalentsAbstract_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_BankOverdraftsClassifiedAsCashEquivalents" xlink:label="BankOverdraftsClassifiedAsCashEquivalents" xlink:title="BankOverdraftsClassifiedAsCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_BankOverdraftsClassifiedAsCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BankOverdraftsClassifiedAsCashEquivalents" xml:lang="en-US" id="label_BankOverdraftsClassifiedAsCashEquivalents">ifrs-full_BankOverdraftsClassifiedAsCashEquivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankOverdraftsClassifiedAsCashEquivalents" xlink:to="label_BankOverdraftsClassifiedAsCashEquivalents" xlink:title="Label : BankOverdraftsClassifiedAsCashEquivalents to label_BankOverdraftsClassifiedAsCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_BankOverdraftsClassifiedAsCashEquivalents_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_BankOverdraftsClassifiedAsCashEquivalents_1" xml:lang="en-US" id="label_BankOverdraftsClassifiedAsCashEquivalents_1">Bank overdrafts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankOverdraftsClassifiedAsCashEquivalents" xlink:to="label_BankOverdraftsClassifiedAsCashEquivalents_1" xlink:title="Label : BankOverdraftsClassifiedAsCashEquivalents to label_BankOverdraftsClassifiedAsCashEquivalents_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfGeneralInformationAboutFinancialStatementsAbstract" xlink:label="DisclosureOfGeneralInformationAboutFinancialStatementsAbstract" xlink:title="DisclosureOfGeneralInformationAboutFinancialStatementsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGeneralInformationAboutFinancialStatementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfGeneralInformationAboutFinancialStatementsAbstract" xml:lang="en-US" id="label_DisclosureOfGeneralInformationAboutFinancialStatementsAbstract">Disclosure of General Information About Financial Statements [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGeneralInformationAboutFinancialStatementsAbstract" xlink:to="label_DisclosureOfGeneralInformationAboutFinancialStatementsAbstract" xlink:title="Label : DisclosureOfGeneralInformationAboutFinancialStatementsAbstract to label_DisclosureOfGeneralInformationAboutFinancialStatementsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:label="DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:title="DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xml:lang="en-US" id="label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory">Disclosure of general information about financial statements [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:to="label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:title="Label : DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory to label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory_1">I. GENERAL INFORMATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:to="label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory_1" xlink:title="Label : DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory to label_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract" xlink:label="DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract" xlink:title="DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract" xml:lang="en-US" id="label_DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract">Disclosure of Summary of Significant Accounting Policies [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract" xlink:to="label_DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract" xlink:title="Label : DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract to label_DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:label="DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:title="DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xml:lang="en-US" id="label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory">II. Accounting Policies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:to="label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:title="Label : DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory to label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_1">Disclosure of significant accounting policies [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory" xlink:to="label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_1" xlink:title="Label : DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory to label_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:label="DisclosureOfFinancialInstrumentsAbstract" xlink:title="DisclosureOfFinancialInstrumentsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialInstrumentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialInstrumentsAbstract" xml:lang="en-US" id="label_DisclosureOfFinancialInstrumentsAbstract">Disclosure of detailed information about financial instruments [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialInstrumentsAbstract" xlink:to="label_DisclosureOfFinancialInstrumentsAbstract" xlink:title="Label : DisclosureOfFinancialInstrumentsAbstract to label_DisclosureOfFinancialInstrumentsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:label="DisclosureOfFinancialRiskManagementExplanatory" xlink:title="DisclosureOfFinancialRiskManagementExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialRiskManagementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfFinancialRiskManagementExplanatory" xml:lang="en-US" id="label_DisclosureOfFinancialRiskManagementExplanatory">III. FINANCIAL RISK MANAGEMENT</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialRiskManagementExplanatory" xlink:to="label_DisclosureOfFinancialRiskManagementExplanatory" xlink:title="Label : DisclosureOfFinancialRiskManagementExplanatory to label_DisclosureOfFinancialRiskManagementExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialRiskManagementExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialRiskManagementExplanatory_1" xml:lang="en-US" id="label_DisclosureOfFinancialRiskManagementExplanatory_1">Disclosure of financial risk management [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialRiskManagementExplanatory" xlink:to="label_DisclosureOfFinancialRiskManagementExplanatory_1" xlink:title="Label : DisclosureOfFinancialRiskManagementExplanatory to label_DisclosureOfFinancialRiskManagementExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:label="DisclosureOfOperatingSegmentsAbstract" xlink:title="DisclosureOfOperatingSegmentsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOperatingSegmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOperatingSegmentsAbstract" xml:lang="en-US" id="label_DisclosureOfOperatingSegmentsAbstract">Disclosure of operating segments [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOperatingSegmentsAbstract" xlink:to="label_DisclosureOfOperatingSegmentsAbstract" xlink:title="Label : DisclosureOfOperatingSegmentsAbstract to label_DisclosureOfOperatingSegmentsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:label="DisclosureOfEntitysReportableSegmentsExplanatory" xlink:title="DisclosureOfEntitysReportableSegmentsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfEntitysReportableSegmentsExplanatory" xml:lang="en-US" id="label_DisclosureOfEntitysReportableSegmentsExplanatory">Disclosure of entity's operating segments [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="label_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:title="Label : DisclosureOfEntitysReportableSegmentsExplanatory to label_DisclosureOfEntitysReportableSegmentsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEntitysReportableSegmentsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfEntitysReportableSegmentsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfEntitysReportableSegmentsExplanatory_1">Note 1 - Segment Information</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="label_DisclosureOfEntitysReportableSegmentsExplanatory_1" xlink:title="Label : DisclosureOfEntitysReportableSegmentsExplanatory to label_DisclosureOfEntitysReportableSegmentsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfCostOfSalesAbstract" xlink:label="DisclosureOfCostOfSalesAbstract" xlink:title="DisclosureOfCostOfSalesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCostOfSalesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCostOfSalesAbstract" xml:lang="en-US" id="label_DisclosureOfCostOfSalesAbstract">Disclosure of Cost of Sales [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCostOfSalesAbstract" xlink:to="label_DisclosureOfCostOfSalesAbstract" xlink:title="Label : DisclosureOfCostOfSalesAbstract to label_DisclosureOfCostOfSalesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfCostOfSalesExplanatory" xlink:label="DisclosureOfCostOfSalesExplanatory" xlink:title="DisclosureOfCostOfSalesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCostOfSalesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCostOfSalesExplanatory" xml:lang="en-US" id="label_DisclosureOfCostOfSalesExplanatory">Disclosure of cost of sales [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCostOfSalesExplanatory" xlink:to="label_DisclosureOfCostOfSalesExplanatory" xlink:title="Label : DisclosureOfCostOfSalesExplanatory to label_DisclosureOfCostOfSalesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCostOfSalesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCostOfSalesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfCostOfSalesExplanatory_1">Note 2 - Cost of Sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCostOfSalesExplanatory" xlink:to="label_DisclosureOfCostOfSalesExplanatory_1" xlink:title="Label : DisclosureOfCostOfSalesExplanatory to label_DisclosureOfCostOfSalesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SellingGeneralAndAdministrativeExpenseAbstract" xlink:label="SellingGeneralAndAdministrativeExpenseAbstract" xlink:title="SellingGeneralAndAdministrativeExpenseAbstract" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpenseAbstract" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpenseAbstract">Selling, general and administrative expense [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpenseAbstract" xlink:to="label_SellingGeneralAndAdministrativeExpenseAbstract" xlink:title="Label : SellingGeneralAndAdministrativeExpenseAbstract to label_SellingGeneralAndAdministrativeExpenseAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:label="DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:title="DisclosureOfGeneralAndAdministrativeExpenseExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xml:lang="en-US" id="label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory">Note 3 - Selling, General and Administrative Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:to="label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:title="Label : DisclosureOfGeneralAndAdministrativeExpenseExplanatory to label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory_1" xml:lang="en-US" id="label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory_1">Disclosure of general and administrative expense [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGeneralAndAdministrativeExpenseExplanatory" xlink:to="label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory_1" xlink:title="Label : DisclosureOfGeneralAndAdministrativeExpenseExplanatory to label_DisclosureOfGeneralAndAdministrativeExpenseExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfLaborCostsAbstract" xlink:label="DisclosureOfLaborCostsAbstract" xlink:title="DisclosureOfLaborCostsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfLaborCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfLaborCostsAbstract" xml:lang="en-US" id="label_DisclosureOfLaborCostsAbstract">Disclosure of labor costs [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLaborCostsAbstract" xlink:to="label_DisclosureOfLaborCostsAbstract" xlink:title="Label : DisclosureOfLaborCostsAbstract to label_DisclosureOfLaborCostsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:label="DisclosureOfEmployeeBenefitsExplanatory" xlink:title="DisclosureOfEmployeeBenefitsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEmployeeBenefitsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfEmployeeBenefitsExplanatory" xml:lang="en-US" id="label_DisclosureOfEmployeeBenefitsExplanatory">Disclosure of employee benefits [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEmployeeBenefitsExplanatory" xlink:to="label_DisclosureOfEmployeeBenefitsExplanatory" xlink:title="Label : DisclosureOfEmployeeBenefitsExplanatory to label_DisclosureOfEmployeeBenefitsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEmployeeBenefitsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfEmployeeBenefitsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfEmployeeBenefitsExplanatory_1">4. Labor costs (included in Cost of sales and in Selling, general and administrative expenses)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEmployeeBenefitsExplanatory" xlink:to="label_DisclosureOfEmployeeBenefitsExplanatory_1" xlink:title="Label : DisclosureOfEmployeeBenefitsExplanatory to label_DisclosureOfEmployeeBenefitsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:label="DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:title="DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xml:lang="en-US" id="label_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract">Disclosure of impairment loss and reversal of impairment loss [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:to="label_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:title="Label : DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract to label_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfImpairmentOfAssetsExplanatory" xlink:label="DisclosureOfImpairmentOfAssetsExplanatory" xlink:title="DisclosureOfImpairmentOfAssetsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfImpairmentOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfImpairmentOfAssetsExplanatory" xml:lang="en-US" id="label_DisclosureOfImpairmentOfAssetsExplanatory">Note 5 - Impairment charge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfImpairmentOfAssetsExplanatory" xlink:to="label_DisclosureOfImpairmentOfAssetsExplanatory" xlink:title="Label : DisclosureOfImpairmentOfAssetsExplanatory to label_DisclosureOfImpairmentOfAssetsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfImpairmentOfAssetsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfImpairmentOfAssetsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfImpairmentOfAssetsExplanatory_1">Disclosure of impairment of assets [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfImpairmentOfAssetsExplanatory" xlink:to="label_DisclosureOfImpairmentOfAssetsExplanatory_1" xlink:title="Label : DisclosureOfImpairmentOfAssetsExplanatory to label_DisclosureOfImpairmentOfAssetsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:label="DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:title="DisclosureOfOtherOperatingIncomeExpenseAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherOperatingIncomeExpenseAbstract" xml:lang="en-US" id="label_DisclosureOfOtherOperatingIncomeExpenseAbstract">Disclosure of other operating income expense [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:to="label_DisclosureOfOtherOperatingIncomeExpenseAbstract" xlink:title="Label : DisclosureOfOtherOperatingIncomeExpenseAbstract to label_DisclosureOfOtherOperatingIncomeExpenseAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:label="DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:title="DisclosureOfOtherOperatingIncomeExpenseExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xml:lang="en-US" id="label_DisclosureOfOtherOperatingIncomeExpenseExplanatory">Note 6 - Other Operating Income and Expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:to="label_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:title="Label : DisclosureOfOtherOperatingIncomeExpenseExplanatory to label_DisclosureOfOtherOperatingIncomeExpenseExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherOperatingIncomeExpenseExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherOperatingIncomeExpenseExplanatory_1" xml:lang="en-US" id="label_DisclosureOfOtherOperatingIncomeExpenseExplanatory_1">Disclosure of other operating income (expense) [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:to="label_DisclosureOfOtherOperatingIncomeExpenseExplanatory_1" xlink:title="Label : DisclosureOfOtherOperatingIncomeExpenseExplanatory to label_DisclosureOfOtherOperatingIncomeExpenseExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfFinancialResultsAbstract" xlink:label="DisclosureOfFinancialResultsAbstract" xlink:title="DisclosureOfFinancialResultsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialResultsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialResultsAbstract" xml:lang="en-US" id="label_DisclosureOfFinancialResultsAbstract">Disclosure of Financial Results [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialResultsAbstract" xlink:to="label_DisclosureOfFinancialResultsAbstract" xlink:title="Label : DisclosureOfFinancialResultsAbstract to label_DisclosureOfFinancialResultsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:label="DisclosureOfFinanceIncomeExpenseExplanatory" xlink:title="DisclosureOfFinanceIncomeExpenseExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinanceIncomeExpenseExplanatory" xml:lang="en-US" id="label_DisclosureOfFinanceIncomeExpenseExplanatory">Disclosure of finance income (cost) [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinanceIncomeExpenseExplanatory" xlink:to="label_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:title="Label : DisclosureOfFinanceIncomeExpenseExplanatory to label_DisclosureOfFinanceIncomeExpenseExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinanceIncomeExpenseExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfFinanceIncomeExpenseExplanatory_1" xml:lang="en-US" id="label_DisclosureOfFinanceIncomeExpenseExplanatory_1">Note 7 - Financial Results</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinanceIncomeExpenseExplanatory" xlink:to="label_DisclosureOfFinanceIncomeExpenseExplanatory_1" xlink:title="Label : DisclosureOfFinanceIncomeExpenseExplanatory to label_DisclosureOfFinanceIncomeExpenseExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:label="MajorComponentsOfTaxExpenseIncomeAbstract" xlink:title="MajorComponentsOfTaxExpenseIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorComponentsOfTaxExpenseIncomeAbstract" xml:lang="en-US" id="label_MajorComponentsOfTaxExpenseIncomeAbstract">Major components of tax expense (income) [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorComponentsOfTaxExpenseIncomeAbstract" xlink:to="label_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:title="Label : MajorComponentsOfTaxExpenseIncomeAbstract to label_MajorComponentsOfTaxExpenseIncomeAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:label="DisclosureOfIncomeTaxExplanatory" xlink:title="DisclosureOfIncomeTaxExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfIncomeTaxExplanatory" xml:lang="en-US" id="label_DisclosureOfIncomeTaxExplanatory">Note 8 - Income Tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfIncomeTaxExplanatory" xlink:to="label_DisclosureOfIncomeTaxExplanatory" xlink:title="Label : DisclosureOfIncomeTaxExplanatory to label_DisclosureOfIncomeTaxExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfIncomeTaxExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfIncomeTaxExplanatory_1" xml:lang="en-US" id="label_DisclosureOfIncomeTaxExplanatory_1">Disclosure of income tax [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfIncomeTaxExplanatory" xlink:to="label_DisclosureOfIncomeTaxExplanatory_1" xlink:title="Label : DisclosureOfIncomeTaxExplanatory to label_DisclosureOfIncomeTaxExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfDividendsDistributionAbstract" xlink:label="DisclosureOfDividendsDistributionAbstract" xlink:title="DisclosureOfDividendsDistributionAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDividendsDistributionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDividendsDistributionAbstract" xml:lang="en-US" id="label_DisclosureOfDividendsDistributionAbstract">Disclosure of Dividends Distribution [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDividendsDistributionAbstract" xlink:to="label_DisclosureOfDividendsDistributionAbstract" xlink:title="Label : DisclosureOfDividendsDistributionAbstract to label_DisclosureOfDividendsDistributionAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDividendsExplanatory" xlink:label="DisclosureOfDividendsExplanatory" xlink:title="DisclosureOfDividendsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDividendsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfDividendsExplanatory" xml:lang="en-US" id="label_DisclosureOfDividendsExplanatory">Note 9 - Dividends Distribution</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDividendsExplanatory" xlink:to="label_DisclosureOfDividendsExplanatory" xlink:title="Label : DisclosureOfDividendsExplanatory to label_DisclosureOfDividendsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDividendsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDividendsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfDividendsExplanatory_1">Disclosure of dividends [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDividendsExplanatory" xlink:to="label_DisclosureOfDividendsExplanatory_1" xlink:title="Label : DisclosureOfDividendsExplanatory to label_DisclosureOfDividendsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:label="DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:title="DisclosureOfPropertyPlantAndEquipmentAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPropertyPlantAndEquipmentAbstract" xml:lang="en-US" id="label_DisclosureOfPropertyPlantAndEquipmentAbstract">Disclosure of detailed information about property, plant and equipment [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:to="label_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:title="Label : DisclosureOfPropertyPlantAndEquipmentAbstract to label_DisclosureOfPropertyPlantAndEquipmentAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:label="DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:title="DisclosureOfPropertyPlantAndEquipmentExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfPropertyPlantAndEquipmentExplanatory" xml:lang="en-US" id="label_DisclosureOfPropertyPlantAndEquipmentExplanatory">Note 10 - Property, Plant and Equipment, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="label_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:title="Label : DisclosureOfPropertyPlantAndEquipmentExplanatory to label_DisclosureOfPropertyPlantAndEquipmentExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyPlantAndEquipmentExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPropertyPlantAndEquipmentExplanatory_1" xml:lang="en-US" id="label_DisclosureOfPropertyPlantAndEquipmentExplanatory_1">Disclosure of property, plant and equipment [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="label_DisclosureOfPropertyPlantAndEquipmentExplanatory_1" xlink:title="Label : DisclosureOfPropertyPlantAndEquipmentExplanatory to label_DisclosureOfPropertyPlantAndEquipmentExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:label="DisclosureOfIntangibleAssetsAbstract" xlink:title="DisclosureOfIntangibleAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfIntangibleAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfIntangibleAssetsAbstract" xml:lang="en-US" id="label_DisclosureOfIntangibleAssetsAbstract">Disclosure of detailed information about intangible assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfIntangibleAssetsAbstract" xlink:to="label_DisclosureOfIntangibleAssetsAbstract" xlink:title="Label : DisclosureOfIntangibleAssetsAbstract to label_DisclosureOfIntangibleAssetsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:label="DisclosureOfIntangibleAssetsExplanatory" xlink:title="DisclosureOfIntangibleAssetsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfIntangibleAssetsExplanatory" xml:lang="en-US" id="label_DisclosureOfIntangibleAssetsExplanatory">Note 11 - Intangible Assets, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfIntangibleAssetsExplanatory" xlink:to="label_DisclosureOfIntangibleAssetsExplanatory" xlink:title="Label : DisclosureOfIntangibleAssetsExplanatory to label_DisclosureOfIntangibleAssetsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfIntangibleAssetsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfIntangibleAssetsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfIntangibleAssetsExplanatory_1">Disclosure of intangible assets [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfIntangibleAssetsExplanatory" xlink:to="label_DisclosureOfIntangibleAssetsExplanatory_1" xlink:title="Label : DisclosureOfIntangibleAssetsExplanatory to label_DisclosureOfIntangibleAssetsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:label="PresentationOfLeasesForLesseeAbstract" xlink:title="PresentationOfLeasesForLesseeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_PresentationOfLeasesForLesseeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PresentationOfLeasesForLesseeAbstract" xml:lang="en-US" id="label_PresentationOfLeasesForLesseeAbstract">Presentation of leases for lessee [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PresentationOfLeasesForLesseeAbstract" xlink:to="label_PresentationOfLeasesForLesseeAbstract" xlink:title="Label : PresentationOfLeasesForLesseeAbstract to label_PresentationOfLeasesForLesseeAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfLeasesExplanatory" xlink:label="DisclosureOfLeasesExplanatory" xlink:title="DisclosureOfLeasesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfLeasesExplanatory" xml:lang="en-US" id="label_DisclosureOfLeasesExplanatory">Note 12 - Right-of-use Assets, Net and Lease Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLeasesExplanatory" xlink:to="label_DisclosureOfLeasesExplanatory" xlink:title="Label : DisclosureOfLeasesExplanatory to label_DisclosureOfLeasesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfLeasesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfLeasesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfLeasesExplanatory_1">Disclosure of leases [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfLeasesExplanatory" xlink:to="label_DisclosureOfLeasesExplanatory_1" xlink:title="Label : DisclosureOfLeasesExplanatory to label_DisclosureOfLeasesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesAbstract" xlink:label="DisclosureOfUnconsolidatedStructuredEntitiesAbstract" xlink:title="DisclosureOfUnconsolidatedStructuredEntitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfUnconsolidatedStructuredEntitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfUnconsolidatedStructuredEntitiesAbstract" xml:lang="en-US" id="label_DisclosureOfUnconsolidatedStructuredEntitiesAbstract">Disclosure of unconsolidated structured entities [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfUnconsolidatedStructuredEntitiesAbstract" xlink:to="label_DisclosureOfUnconsolidatedStructuredEntitiesAbstract" xlink:title="Label : DisclosureOfUnconsolidatedStructuredEntitiesAbstract to label_DisclosureOfUnconsolidatedStructuredEntitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:label="DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:title="DisclosureOfInterestsInOtherEntitiesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfInterestsInOtherEntitiesExplanatory" xml:lang="en-US" id="label_DisclosureOfInterestsInOtherEntitiesExplanatory">Note 13 - Investments in Non-consolidated Companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:to="label_DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:title="Label : DisclosureOfInterestsInOtherEntitiesExplanatory to label_DisclosureOfInterestsInOtherEntitiesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInterestsInOtherEntitiesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInterestsInOtherEntitiesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfInterestsInOtherEntitiesExplanatory_1">Disclosure of interests in other entities [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInterestsInOtherEntitiesExplanatory" xlink:to="label_DisclosureOfInterestsInOtherEntitiesExplanatory_1" xlink:title="Label : DisclosureOfInterestsInOtherEntitiesExplanatory to label_DisclosureOfInterestsInOtherEntitiesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentReceivablesAbstract" xlink:label="NoncurrentReceivablesAbstract" xlink:title="NoncurrentReceivablesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivablesAbstract" xml:lang="en-US" id="label_NoncurrentReceivablesAbstract">Trade and other non-current receivables [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesAbstract" xlink:to="label_NoncurrentReceivablesAbstract" xlink:title="Label : NoncurrentReceivablesAbstract to label_NoncurrentReceivablesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfNoncurrentReceivablesTextBlock" xlink:label="DisclosureOfNoncurrentReceivablesTextBlock" xlink:title="DisclosureOfNoncurrentReceivablesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentReceivablesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfNoncurrentReceivablesTextBlock" xml:lang="en-US" id="label_DisclosureOfNoncurrentReceivablesTextBlock">Note 14 - Receivables - Non Current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentReceivablesTextBlock" xlink:to="label_DisclosureOfNoncurrentReceivablesTextBlock" xlink:title="Label : DisclosureOfNoncurrentReceivablesTextBlock to label_DisclosureOfNoncurrentReceivablesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentReceivablesTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNoncurrentReceivablesTextBlock_1" xml:lang="en-US" id="label_DisclosureOfNoncurrentReceivablesTextBlock_1">Disclosure of non-current receivables [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentReceivablesTextBlock" xlink:to="label_DisclosureOfNoncurrentReceivablesTextBlock_1" xlink:title="Label : DisclosureOfNoncurrentReceivablesTextBlock to label_DisclosureOfNoncurrentReceivablesTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentReceivablesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfNoncurrentReceivablesTextBlock_2" xml:lang="en-US" id="label_DisclosureOfNoncurrentReceivablesTextBlock_2">The disclosure for non-current receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentReceivablesTextBlock" xlink:to="label_DisclosureOfNoncurrentReceivablesTextBlock_2" xlink:title="Label : DisclosureOfNoncurrentReceivablesTextBlock to label_DisclosureOfNoncurrentReceivablesTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfInventoriesAbstract" xlink:label="ClassesOfInventoriesAbstract" xlink:title="ClassesOfInventoriesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfInventoriesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfInventoriesAbstract" xml:lang="en-US" id="label_ClassesOfInventoriesAbstract">Classes of current inventories [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfInventoriesAbstract" xlink:to="label_ClassesOfInventoriesAbstract" xlink:title="Label : ClassesOfInventoriesAbstract to label_ClassesOfInventoriesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfInventoriesExplanatory" xlink:label="DisclosureOfInventoriesExplanatory" xlink:title="DisclosureOfInventoriesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInventoriesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInventoriesExplanatory" xml:lang="en-US" id="label_DisclosureOfInventoriesExplanatory">Disclosure of inventories [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInventoriesExplanatory" xlink:to="label_DisclosureOfInventoriesExplanatory" xlink:title="Label : DisclosureOfInventoriesExplanatory to label_DisclosureOfInventoriesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInventoriesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfInventoriesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfInventoriesExplanatory_1">Note 15 - Inventories, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInventoriesExplanatory" xlink:to="label_DisclosureOfInventoriesExplanatory_1" xlink:title="Label : DisclosureOfInventoriesExplanatory to label_DisclosureOfInventoriesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract" xlink:label="CurrentPrepaymentsAndCurrentAccruedIncomeAbstract" xlink:title="CurrentPrepaymentsAndCurrentAccruedIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract" xml:lang="en-US" id="label_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract">Current prepayments and current accrued income [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaymentsAndCurrentAccruedIncomeAbstract" xlink:to="label_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract" xlink:title="Label : CurrentPrepaymentsAndCurrentAccruedIncomeAbstract to label_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:label="DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:title="DisclosureOfPrepaymentsAndOtherAssetsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xml:lang="en-US" id="label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory">Note 16 - Receivables and Prepayments, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:to="label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:title="Label : DisclosureOfPrepaymentsAndOtherAssetsExplanatory to label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory_1">Disclosure of prepayments and other assets [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:to="label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory_1" xlink:title="Label : DisclosureOfPrepaymentsAndOtherAssetsExplanatory to label_DisclosureOfPrepaymentsAndOtherAssetsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract" xlink:label="DisclosureOfCurrentTaxReceivablesAndPayablesAbstract" xlink:title="DisclosureOfCurrentTaxReceivablesAndPayablesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract" xml:lang="en-US" id="label_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract">Disclosure of Current Tax Receivables and Payables [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCurrentTaxReceivablesAndPayablesAbstract" xlink:to="label_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract" xlink:title="Label : DisclosureOfCurrentTaxReceivablesAndPayablesAbstract to label_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:label="DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:title="DisclosureOfTaxReceivablesAndPayablesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfTaxReceivablesAndPayablesExplanatory" xml:lang="en-US" id="label_DisclosureOfTaxReceivablesAndPayablesExplanatory">Note 17 - Current Tax Assets and Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:to="label_DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:title="Label : DisclosureOfTaxReceivablesAndPayablesExplanatory to label_DisclosureOfTaxReceivablesAndPayablesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTaxReceivablesAndPayablesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTaxReceivablesAndPayablesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfTaxReceivablesAndPayablesExplanatory_1">Disclosure of tax receivables and payables [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTaxReceivablesAndPayablesExplanatory" xlink:to="label_DisclosureOfTaxReceivablesAndPayablesExplanatory_1" xlink:title="Label : DisclosureOfTaxReceivablesAndPayablesExplanatory to label_DisclosureOfTaxReceivablesAndPayablesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TradeAndOtherReceivablesAbstract" xlink:label="TradeAndOtherReceivablesAbstract" xlink:title="TradeAndOtherReceivablesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherReceivablesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherReceivablesAbstract" xml:lang="en-US" id="label_TradeAndOtherReceivablesAbstract">Trade and other receivables [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherReceivablesAbstract" xlink:to="label_TradeAndOtherReceivablesAbstract" xlink:title="Label : TradeAndOtherReceivablesAbstract to label_TradeAndOtherReceivablesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:label="DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:title="DisclosureOfTradeAndOtherReceivablesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfTradeAndOtherReceivablesExplanatory" xml:lang="en-US" id="label_DisclosureOfTradeAndOtherReceivablesExplanatory">Note 18 - Trade Receivables, Net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:to="label_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:title="Label : DisclosureOfTradeAndOtherReceivablesExplanatory to label_DisclosureOfTradeAndOtherReceivablesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTradeAndOtherReceivablesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTradeAndOtherReceivablesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfTradeAndOtherReceivablesExplanatory_1">Disclosure of trade and other receivables [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:to="label_DisclosureOfTradeAndOtherReceivablesExplanatory_1" xlink:title="Label : DisclosureOfTradeAndOtherReceivablesExplanatory to label_DisclosureOfTradeAndOtherReceivablesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract" xlink:label="DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract" xlink:title="DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract" xml:lang="en-US" id="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract">Disclosure of Cash and Cash Equivalents and Other Investments [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract" xlink:to="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract" xlink:title="Label : DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract to label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:label="DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:title="DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xml:lang="en-US" id="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock">Note 19 - Cash and Cash Equivalents and Other Investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:to="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:title="Label : DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock to label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_1" xml:lang="en-US" id="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_1">Disclosure of cash and cash equivalents and other investments [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:to="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_1" xlink:title="Label : DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock to label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_2" xml:lang="en-US" id="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_2">The disclosure of cash and cash equivalents and other investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" xlink:to="label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_2" xlink:title="Label : DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock to label_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_BorrowingsAbstract" xlink:label="BorrowingsAbstract" xlink:title="BorrowingsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsAbstract" xml:lang="en-US" id="label_BorrowingsAbstract">Borrowings [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsAbstract" xlink:to="label_BorrowingsAbstract" xlink:title="Label : BorrowingsAbstract to label_BorrowingsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:label="DisclosureOfBorrowingsExplanatory" xlink:title="DisclosureOfBorrowingsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfBorrowingsExplanatory" xml:lang="en-US" id="label_DisclosureOfBorrowingsExplanatory">Note 20 - Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBorrowingsExplanatory" xlink:to="label_DisclosureOfBorrowingsExplanatory" xlink:title="Label : DisclosureOfBorrowingsExplanatory to label_DisclosureOfBorrowingsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBorrowingsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfBorrowingsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfBorrowingsExplanatory_1">Disclosure of borrowings [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBorrowingsExplanatory" xlink:to="label_DisclosureOfBorrowingsExplanatory_1" xlink:title="Label : DisclosureOfBorrowingsExplanatory to label_DisclosureOfBorrowingsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract" xlink:label="DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract" xlink:title="DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract" xml:lang="en-US" id="label_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract">Disclosure of temporary difference, unused tax losses and unused tax credits [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract" xlink:to="label_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract" xlink:title="Label : DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract to label_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:label="DisclosureOfDeferredTaxesExplanatory" xlink:title="DisclosureOfDeferredTaxesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDeferredTaxesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDeferredTaxesExplanatory" xml:lang="en-US" id="label_DisclosureOfDeferredTaxesExplanatory">Disclosure of deferred taxes [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDeferredTaxesExplanatory" xlink:to="label_DisclosureOfDeferredTaxesExplanatory" xlink:title="Label : DisclosureOfDeferredTaxesExplanatory to label_DisclosureOfDeferredTaxesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDeferredTaxesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfDeferredTaxesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfDeferredTaxesExplanatory_1">Note 21 - Deferred tax assets and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDeferredTaxesExplanatory" xlink:to="label_DisclosureOfDeferredTaxesExplanatory_1" xlink:title="Label : DisclosureOfDeferredTaxesExplanatory to label_DisclosureOfDeferredTaxesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfOtherLiabilitiesAbstract" xlink:label="DisclosureOfOtherLiabilitiesAbstract" xlink:title="DisclosureOfOtherLiabilitiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherLiabilitiesAbstract" xml:lang="en-US" id="label_DisclosureOfOtherLiabilitiesAbstract">Disclosure of Other Liabilities [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherLiabilitiesAbstract" xlink:to="label_DisclosureOfOtherLiabilitiesAbstract" xlink:title="Label : DisclosureOfOtherLiabilitiesAbstract to label_DisclosureOfOtherLiabilitiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:label="DisclosureOfOtherLiabilitiesExplanatory" xlink:title="DisclosureOfOtherLiabilitiesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfOtherLiabilitiesExplanatory" xml:lang="en-US" id="label_DisclosureOfOtherLiabilitiesExplanatory">Note 22 - Other Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherLiabilitiesExplanatory" xlink:to="label_DisclosureOfOtherLiabilitiesExplanatory" xlink:title="Label : DisclosureOfOtherLiabilitiesExplanatory to label_DisclosureOfOtherLiabilitiesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherLiabilitiesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherLiabilitiesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfOtherLiabilitiesExplanatory_1">Disclosure of other liabilities [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherLiabilitiesExplanatory" xlink:to="label_DisclosureOfOtherLiabilitiesExplanatory_1" xlink:title="Label : DisclosureOfOtherLiabilitiesExplanatory to label_DisclosureOfOtherLiabilitiesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfNonCurrentAllowancesAndProvisionsAbstract" xlink:label="DisclosureOfNonCurrentAllowancesAndProvisionsAbstract" xlink:title="DisclosureOfNonCurrentAllowancesAndProvisionsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNonCurrentAllowancesAndProvisionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNonCurrentAllowancesAndProvisionsAbstract" xml:lang="en-US" id="label_DisclosureOfNonCurrentAllowancesAndProvisionsAbstract">Disclosure of Non-current allowances and provisions [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNonCurrentAllowancesAndProvisionsAbstract" xlink:to="label_DisclosureOfNonCurrentAllowancesAndProvisionsAbstract" xlink:title="Label : DisclosureOfNonCurrentAllowancesAndProvisionsAbstract to label_DisclosureOfNonCurrentAllowancesAndProvisionsAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:label="DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:title="DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xml:lang="en-US" id="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock">The disclosure of non-current allowances and provisions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:to="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:title="Label : DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock to label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_1" xml:lang="en-US" id="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_1">Disclosure of non-current allowances and provisions [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:to="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_1" xlink:title="Label : DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock to label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_2" xml:lang="en-US" id="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_2">Note 23 - Non-current allowances and provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock" xlink:to="label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_2" xlink:title="Label : DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock to label_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfCurrentAllowancesAndProvisionsAbstract" xlink:label="DisclosureOfCurrentAllowancesAndProvisionsAbstract" xlink:title="DisclosureOfCurrentAllowancesAndProvisionsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCurrentAllowancesAndProvisionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCurrentAllowancesAndProvisionsAbstract" xml:lang="en-US" id="label_DisclosureOfCurrentAllowancesAndProvisionsAbstract">Disclosure of Current allowances and provisions [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCurrentAllowancesAndProvisionsAbstract" xlink:to="label_DisclosureOfCurrentAllowancesAndProvisionsAbstract" xlink:title="Label : DisclosureOfCurrentAllowancesAndProvisionsAbstract to label_DisclosureOfCurrentAllowancesAndProvisionsAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:label="DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:title="DisclosureOfCurrentAllowancesAndProvisionsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xml:lang="en-US" id="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock">Disclosure of Current allowances and provisions [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:to="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:title="Label : DisclosureOfCurrentAllowancesAndProvisionsTextBlock to label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_1" xml:lang="en-US" id="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_1">The disclosure of current allowances and provisions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:to="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_1" xlink:title="Label : DisclosureOfCurrentAllowancesAndProvisionsTextBlock to label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_2" xml:lang="en-US" id="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_2">Note 24 - Current allowances and provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCurrentAllowancesAndProvisionsTextBlock" xlink:to="label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_2" xlink:title="Label : DisclosureOfCurrentAllowancesAndProvisionsTextBlock to label_DisclosureOfCurrentAllowancesAndProvisionsTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:label="DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:title="DisclosureOfDerivativeFinancialInstrumentsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xml:lang="en-US" id="label_DisclosureOfDerivativeFinancialInstrumentsExplanatory">Disclosure of derivative financial instruments [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:to="label_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:title="Label : DisclosureOfDerivativeFinancialInstrumentsExplanatory to label_DisclosureOfDerivativeFinancialInstrumentsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDerivativeFinancialInstrumentsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfDerivativeFinancialInstrumentsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfDerivativeFinancialInstrumentsExplanatory_1">Note 25 - Derivative Financial Instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:to="label_DisclosureOfDerivativeFinancialInstrumentsExplanatory_1" xlink:title="Label : DisclosureOfDerivativeFinancialInstrumentsExplanatory to label_DisclosureOfDerivativeFinancialInstrumentsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract" xlink:label="DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract" xlink:title="DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract" xml:lang="en-US" id="label_DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract">Disclosure of Contingencies, Commitments and Restrictions on Distribution of Profits [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract" xlink:to="label_DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract" xlink:title="Label : DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract to label_DisclosureOfContingenciesCommitmentsAndRestrictionsOnDistributionOfProfitsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:label="DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:title="DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xml:lang="en-US" id="label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory">Disclosure of commitments and contingent liabilities [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:title="Label : DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory to label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_1">Note 26 - Contingencies, Commitments and Restrictions On the Distribution of Profits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_1" xlink:title="Label : DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory to label_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract" xlink:label="DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract" xlink:title="DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract" xml:lang="en-US" id="label_DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract">Disclosure of Cancellation of title Deed in Affiliates [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract" xlink:to="label_DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract" xlink:title="Label : DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract to label_DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" xlink:label="DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" xlink:title="DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" xml:lang="en-US" id="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock">The entire disclosure describing the cancellation of title deed in Affiliated entities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" xlink:to="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" xlink:title="Label : DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock to label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_1" xml:lang="en-US" id="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_1">Disclosure of Cancellation of Title Deed in Affiliates [Text Block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" xlink:to="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_1" xlink:title="Label : DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock to label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_2" xml:lang="en-US" id="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_2">Note 27 - Cancellation of title deed in Saudi Steel Pipe Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock" xlink:to="label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_2" xlink:title="Label : DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock to label_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ForeignExchangeRatesAbstract" xlink:label="ForeignExchangeRatesAbstract" xlink:title="ForeignExchangeRatesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeRatesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeRatesAbstract" xml:lang="en-US" id="label_ForeignExchangeRatesAbstract">Foreign exchange rates [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeRatesAbstract" xlink:to="label_ForeignExchangeRatesAbstract" xlink:title="Label : ForeignExchangeRatesAbstract to label_ForeignExchangeRatesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" xlink:label="DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" xlink:title="DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" xml:lang="en-US" id="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock">The entire disclosure describing the foreign exchange control measures in foreign countries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" xlink:to="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" xlink:title="Label : DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock to label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_1" xml:lang="en-US" id="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_1">Disclosure of Foreign Exchange Control Measures in Foriegn Countries [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" xlink:to="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_1" xlink:title="Label : DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock to label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_2" xml:lang="en-US" id="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_2">Note 28 - Foreign exchange control measures in Argentina</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock" xlink:to="label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_2" xlink:title="Label : DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock to label_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfCashFlowAbstract" xlink:label="DisclosureOfCashFlowAbstract" xlink:title="DisclosureOfCashFlowAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashFlowAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCashFlowAbstract" xml:lang="en-US" id="label_DisclosureOfCashFlowAbstract">Disclosure of Cash Flow [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashFlowAbstract" xlink:to="label_DisclosureOfCashFlowAbstract" xlink:title="Label : DisclosureOfCashFlowAbstract to label_DisclosureOfCashFlowAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfCashFlowStatementExplanatory" xlink:label="DisclosureOfCashFlowStatementExplanatory" xlink:title="DisclosureOfCashFlowStatementExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashFlowStatementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfCashFlowStatementExplanatory" xml:lang="en-US" id="label_DisclosureOfCashFlowStatementExplanatory">Note 29 - Cash Flow Disclosures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashFlowStatementExplanatory" xlink:to="label_DisclosureOfCashFlowStatementExplanatory" xlink:title="Label : DisclosureOfCashFlowStatementExplanatory to label_DisclosureOfCashFlowStatementExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfCashFlowStatementExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfCashFlowStatementExplanatory_1" xml:lang="en-US" id="label_DisclosureOfCashFlowStatementExplanatory_1">Disclosure of cash flow statement [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfCashFlowStatementExplanatory" xlink:to="label_DisclosureOfCashFlowStatementExplanatory_1" xlink:title="Label : DisclosureOfCashFlowStatementExplanatory to label_DisclosureOfCashFlowStatementExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:label="DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:title="DisclosureOfTransactionsBetweenRelatedPartiesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xml:lang="en-US" id="label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract">Disclosure of transactions between related parties [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:to="label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:title="Label : DisclosureOfTransactionsBetweenRelatedPartiesAbstract to label_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:label="DisclosureOfRelatedPartyExplanatory" xlink:title="DisclosureOfRelatedPartyExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfRelatedPartyExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfRelatedPartyExplanatory" xml:lang="en-US" id="label_DisclosureOfRelatedPartyExplanatory">Disclosure of related party [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfRelatedPartyExplanatory" xlink:to="label_DisclosureOfRelatedPartyExplanatory" xlink:title="Label : DisclosureOfRelatedPartyExplanatory to label_DisclosureOfRelatedPartyExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfRelatedPartyExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfRelatedPartyExplanatory_1" xml:lang="en-US" id="label_DisclosureOfRelatedPartyExplanatory_1">Note 30 - Related Party Transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfRelatedPartyExplanatory" xlink:to="label_DisclosureOfRelatedPartyExplanatory_1" xlink:title="Label : DisclosureOfRelatedPartyExplanatory to label_DisclosureOfRelatedPartyExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdditionalInformationAbstract" xlink:label="AdditionalInformationAbstract" xlink:title="AdditionalInformationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalInformationAbstract" xml:lang="en-US" id="label_AdditionalInformationAbstract">Additional information [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalInformationAbstract" xlink:to="label_AdditionalInformationAbstract" xlink:title="Label : AdditionalInformationAbstract to label_AdditionalInformationAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfAdditionalInformationExplanatory" xlink:label="DisclosureOfAdditionalInformationExplanatory" xlink:title="DisclosureOfAdditionalInformationExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfAdditionalInformationExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfAdditionalInformationExplanatory" xml:lang="en-US" id="label_DisclosureOfAdditionalInformationExplanatory">Note 31 - Principal accountant fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfAdditionalInformationExplanatory" xlink:to="label_DisclosureOfAdditionalInformationExplanatory" xlink:title="Label : DisclosureOfAdditionalInformationExplanatory to label_DisclosureOfAdditionalInformationExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfAdditionalInformationExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfAdditionalInformationExplanatory_1" xml:lang="en-US" id="label_DisclosureOfAdditionalInformationExplanatory_1">Disclosure of additional information [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfAdditionalInformationExplanatory" xlink:to="label_DisclosureOfAdditionalInformationExplanatory_1" xlink:title="Label : DisclosureOfAdditionalInformationExplanatory to label_DisclosureOfAdditionalInformationExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" xlink:label="DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" xlink:title="DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract">Disclosure of subsidiaries [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" xlink:to="label_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" xlink:title="Label : DisclosureOfSignificantInvestmentsInSubsidiariesAbstract to label_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:label="DisclosureOfInterestsInSubsidiariesExplanatory" xlink:title="DisclosureOfInterestsInSubsidiariesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfInterestsInSubsidiariesExplanatory" xml:lang="en-US" id="label_DisclosureOfInterestsInSubsidiariesExplanatory">Principal subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInterestsInSubsidiariesExplanatory" xlink:to="label_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:title="Label : DisclosureOfInterestsInSubsidiariesExplanatory to label_DisclosureOfInterestsInSubsidiariesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInterestsInSubsidiariesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInterestsInSubsidiariesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfInterestsInSubsidiariesExplanatory_1">Disclosure of interests in subsidiaries [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInterestsInSubsidiariesExplanatory" xlink:to="label_DisclosureOfInterestsInSubsidiariesExplanatory_1" xlink:title="Label : DisclosureOfInterestsInSubsidiariesExplanatory to label_DisclosureOfInterestsInSubsidiariesExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInterestsInSubsidiariesExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DisclosureOfInterestsInSubsidiariesExplanatory_2" xml:lang="en-US" id="label_DisclosureOfInterestsInSubsidiariesExplanatory_2">Note 32 - Principal Subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInterestsInSubsidiariesExplanatory" xlink:to="label_DisclosureOfInterestsInSubsidiariesExplanatory_2" xlink:title="Label : DisclosureOfInterestsInSubsidiariesExplanatory to label_DisclosureOfInterestsInSubsidiariesExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfBusinessCombinationsAbstract" xlink:label="DisclosureOfBusinessCombinationsAbstract" xlink:title="DisclosureOfBusinessCombinationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBusinessCombinationsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfBusinessCombinationsAbstract" xml:lang="en-US" id="label_DisclosureOfBusinessCombinationsAbstract">Disclosure of detailed information about business combination [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBusinessCombinationsAbstract" xlink:to="label_DisclosureOfBusinessCombinationsAbstract" xlink:title="Label : DisclosureOfBusinessCombinationsAbstract to label_DisclosureOfBusinessCombinationsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfBusinessCombinationsExplanatory" xlink:label="DisclosureOfBusinessCombinationsExplanatory" xlink:title="DisclosureOfBusinessCombinationsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfBusinessCombinationsExplanatory" xml:lang="en-US" id="label_DisclosureOfBusinessCombinationsExplanatory">Disclosure of business combinations [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBusinessCombinationsExplanatory" xlink:to="label_DisclosureOfBusinessCombinationsExplanatory" xlink:title="Label : DisclosureOfBusinessCombinationsExplanatory to label_DisclosureOfBusinessCombinationsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBusinessCombinationsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfBusinessCombinationsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfBusinessCombinationsExplanatory_1">Note 33 - Business Combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBusinessCombinationsExplanatory" xlink:to="label_DisclosureOfBusinessCombinationsExplanatory_1" xlink:title="Label : DisclosureOfBusinessCombinationsExplanatory to label_DisclosureOfBusinessCombinationsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfNationalizationOfSubsidiariesAbstract" xlink:label="DisclosureOfNationalizationOfSubsidiariesAbstract" xlink:title="DisclosureOfNationalizationOfSubsidiariesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNationalizationOfSubsidiariesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNationalizationOfSubsidiariesAbstract" xml:lang="en-US" id="label_DisclosureOfNationalizationOfSubsidiariesAbstract">Disclosure of Nationalization of Venezuelan subsidiaries [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNationalizationOfSubsidiariesAbstract" xlink:to="label_DisclosureOfNationalizationOfSubsidiariesAbstract" xlink:title="Label : DisclosureOfNationalizationOfSubsidiariesAbstract to label_DisclosureOfNationalizationOfSubsidiariesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:label="DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:title="DisclosureOfNationalizationOfSubsidiariesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfNationalizationOfSubsidiariesTextBlock" xml:lang="en-US" id="label_DisclosureOfNationalizationOfSubsidiariesTextBlock">Note 34 - Nationalization of Venezuelan Subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:to="label_DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:title="Label : DisclosureOfNationalizationOfSubsidiariesTextBlock to label_DisclosureOfNationalizationOfSubsidiariesTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNationalizationOfSubsidiariesTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNationalizationOfSubsidiariesTextBlock_1" xml:lang="en-US" id="label_DisclosureOfNationalizationOfSubsidiariesTextBlock_1">Disclosure of Nationalization of Subsidiaries [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:to="label_DisclosureOfNationalizationOfSubsidiariesTextBlock_1" xlink:title="Label : DisclosureOfNationalizationOfSubsidiariesTextBlock to label_DisclosureOfNationalizationOfSubsidiariesTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNationalizationOfSubsidiariesTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfNationalizationOfSubsidiariesTextBlock_2" xml:lang="en-US" id="label_DisclosureOfNationalizationOfSubsidiariesTextBlock_2">The entire disclosure for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNationalizationOfSubsidiariesTextBlock" xlink:to="label_DisclosureOfNationalizationOfSubsidiariesTextBlock_2" xlink:title="Label : DisclosureOfNationalizationOfSubsidiariesTextBlock to label_DisclosureOfNationalizationOfSubsidiariesTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfOtherRelevantInformationAbstract" xlink:label="DisclosureOfOtherRelevantInformationAbstract" xlink:title="DisclosureOfOtherRelevantInformationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherRelevantInformationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherRelevantInformationAbstract" xml:lang="en-US" id="label_DisclosureOfOtherRelevantInformationAbstract">Disclosure of other relevant information [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherRelevantInformationAbstract" xlink:to="label_DisclosureOfOtherRelevantInformationAbstract" xlink:title="Label : DisclosureOfOtherRelevantInformationAbstract to label_DisclosureOfOtherRelevantInformationAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherRelevantInformationAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfOtherRelevantInformationAbstract_1" xml:lang="en-US" id="label_DisclosureOfOtherRelevantInformationAbstract_1">Other relevant information</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherRelevantInformationAbstract" xlink:to="label_DisclosureOfOtherRelevantInformationAbstract_1" xlink:title="Label : DisclosureOfOtherRelevantInformationAbstract to label_DisclosureOfOtherRelevantInformationAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfOtherRelevantInformationTextBlock" xlink:label="DisclosureOfOtherRelevantInformationTextBlock" xlink:title="DisclosureOfOtherRelevantInformationTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherRelevantInformationTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfOtherRelevantInformationTextBlock" xml:lang="en-US" id="label_DisclosureOfOtherRelevantInformationTextBlock">The entire disclosure describing of other relevant informations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherRelevantInformationTextBlock" xlink:to="label_DisclosureOfOtherRelevantInformationTextBlock" xlink:title="Label : DisclosureOfOtherRelevantInformationTextBlock to label_DisclosureOfOtherRelevantInformationTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherRelevantInformationTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfOtherRelevantInformationTextBlock_1" xml:lang="en-US" id="label_DisclosureOfOtherRelevantInformationTextBlock_1">Note 35 - Other relevant information</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherRelevantInformationTextBlock" xlink:to="label_DisclosureOfOtherRelevantInformationTextBlock_1" xlink:title="Label : DisclosureOfOtherRelevantInformationTextBlock to label_DisclosureOfOtherRelevantInformationTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherRelevantInformationTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherRelevantInformationTextBlock_2" xml:lang="en-US" id="label_DisclosureOfOtherRelevantInformationTextBlock_2">Disclosure of other relevant information [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherRelevantInformationTextBlock" xlink:to="label_DisclosureOfOtherRelevantInformationTextBlock_2" xlink:title="Label : DisclosureOfOtherRelevantInformationTextBlock to label_DisclosureOfOtherRelevantInformationTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ExtraordinaryAndUnusualItems1Abstract" xlink:label="ExtraordinaryAndUnusualItems1Abstract" xlink:title="ExtraordinaryAndUnusualItems1Abstract" />
    <link:label xlink:type="resource" xlink:label="label_ExtraordinaryAndUnusualItems1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExtraordinaryAndUnusualItems1Abstract" xml:lang="en-US" id="label_ExtraordinaryAndUnusualItems1Abstract">Extraordinary and Unusual Items 1 [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExtraordinaryAndUnusualItems1Abstract" xlink:to="label_ExtraordinaryAndUnusualItems1Abstract" xlink:title="Label : ExtraordinaryAndUnusualItems1Abstract to label_ExtraordinaryAndUnusualItems1Abstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UnusualOrInfrequentItems1DisclosureTextBlock" xlink:label="UnusualOrInfrequentItems1DisclosureTextBlock" xlink:title="UnusualOrInfrequentItems1DisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_UnusualOrInfrequentItems1DisclosureTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnusualOrInfrequentItems1DisclosureTextBlock" xml:lang="en-US" id="label_UnusualOrInfrequentItems1DisclosureTextBlock">Note 36 - The Russia-Ukraine armed conflict and its impact on Tenaris&#x2019;s operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItems1DisclosureTextBlock" xlink:to="label_UnusualOrInfrequentItems1DisclosureTextBlock" xlink:title="Label : UnusualOrInfrequentItems1DisclosureTextBlock to label_UnusualOrInfrequentItems1DisclosureTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_UnusualOrInfrequentItems1DisclosureTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnusualOrInfrequentItems1DisclosureTextBlock_1" xml:lang="en-US" id="label_UnusualOrInfrequentItems1DisclosureTextBlock_1">The entire disclosure for an event or transaction that is unusual in nature or infrequent in occurrence, or both.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItems1DisclosureTextBlock" xlink:to="label_UnusualOrInfrequentItems1DisclosureTextBlock_1" xlink:title="Label : UnusualOrInfrequentItems1DisclosureTextBlock to label_UnusualOrInfrequentItems1DisclosureTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_UnusualOrInfrequentItems1DisclosureTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnusualOrInfrequentItems1DisclosureTextBlock_2" xml:lang="en-US" id="label_UnusualOrInfrequentItems1DisclosureTextBlock_2">Unusual or Infrequent Items 1 Disclosure [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItems1DisclosureTextBlock" xlink:to="label_UnusualOrInfrequentItems1DisclosureTextBlock_2" xlink:title="Label : UnusualOrInfrequentItems1DisclosureTextBlock to label_UnusualOrInfrequentItems1DisclosureTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:label="DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:title="DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xml:lang="en-US" id="label_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract">Disclosure of non-adjusting events after reporting period [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:to="label_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:title="Label : DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract to label_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:label="DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:title="DisclosureOfEventsAfterReportingPeriodExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfEventsAfterReportingPeriodExplanatory" xml:lang="en-US" id="label_DisclosureOfEventsAfterReportingPeriodExplanatory">Disclosure of events after reporting period [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="label_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:title="Label : DisclosureOfEventsAfterReportingPeriodExplanatory to label_DisclosureOfEventsAfterReportingPeriodExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEventsAfterReportingPeriodExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfEventsAfterReportingPeriodExplanatory_1" xml:lang="en-US" id="label_DisclosureOfEventsAfterReportingPeriodExplanatory_1">Note 38 - Events after the reporting period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="label_DisclosureOfEventsAfterReportingPeriodExplanatory_1" xlink:title="Label : DisclosureOfEventsAfterReportingPeriodExplanatory to label_DisclosureOfEventsAfterReportingPeriodExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract" xlink:label="DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract" xlink:title="DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract" xml:lang="en-US" id="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract">Disclosure of events after reporting period and approval date [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract" xlink:to="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract" xlink:title="Label : DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract to label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" xlink:label="DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" xlink:title="DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" xml:lang="en-US" id="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock">Note 39 - Update as of March 31, 2023</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" xlink:to="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" xlink:title="Label : DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock to label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_1" xml:lang="en-US" id="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_1">The entire disclosure for events after the reporting period and subsequent to the approval of the financial statements by the board of directors.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" xlink:to="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_1" xlink:title="Label : DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock to label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_2" xml:lang="en-US" id="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_2">Disclosure of events after reporting period and approval date [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock" xlink:to="label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_2" xlink:title="Label : DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock to label_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfDelistingOfSharesFromStockExchangeAbstract" xlink:label="DisclosureOfDelistingOfSharesFromStockExchangeAbstract" xlink:title="DisclosureOfDelistingOfSharesFromStockExchangeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDelistingOfSharesFromStockExchangeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDelistingOfSharesFromStockExchangeAbstract" xml:lang="en-US" id="label_DisclosureOfDelistingOfSharesFromStockExchangeAbstract">Disclosure of Delisting of Shares from Stock Exchange [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDelistingOfSharesFromStockExchangeAbstract" xlink:to="label_DisclosureOfDelistingOfSharesFromStockExchangeAbstract" xlink:title="Label : DisclosureOfDelistingOfSharesFromStockExchangeAbstract to label_DisclosureOfDelistingOfSharesFromStockExchangeAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DelistingOfSharesFromStockExchangeExplanatory" xlink:label="DelistingOfSharesFromStockExchangeExplanatory" xlink:title="DelistingOfSharesFromStockExchangeExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DelistingOfSharesFromStockExchangeExplanatory" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DelistingOfSharesFromStockExchangeExplanatory" xml:lang="en-US" id="label_DelistingOfSharesFromStockExchangeExplanatory">The entire disclosure describing the delisting of shares from a stock exchange.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DelistingOfSharesFromStockExchangeExplanatory" xlink:to="label_DelistingOfSharesFromStockExchangeExplanatory" xlink:title="Label : DelistingOfSharesFromStockExchangeExplanatory to label_DelistingOfSharesFromStockExchangeExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DelistingOfSharesFromStockExchangeExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DelistingOfSharesFromStockExchangeExplanatory_1" xml:lang="en-US" id="label_DelistingOfSharesFromStockExchangeExplanatory_1">Delisting of shares from stock exchange [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DelistingOfSharesFromStockExchangeExplanatory" xlink:to="label_DelistingOfSharesFromStockExchangeExplanatory_1" xlink:title="Label : DelistingOfSharesFromStockExchangeExplanatory to label_DelistingOfSharesFromStockExchangeExplanatory_1" />
    <link:label xlink:type="resource" xlink:label="label_DelistingOfSharesFromStockExchangeExplanatory_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DelistingOfSharesFromStockExchangeExplanatory_2" xml:lang="en-US" id="label_DelistingOfSharesFromStockExchangeExplanatory_2">Note 34 - Delisting of Tenaris's Shares from the Buenos Aires Stock Exchange</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DelistingOfSharesFromStockExchangeExplanatory" xlink:to="label_DelistingOfSharesFromStockExchangeExplanatory_2" xlink:title="Label : DelistingOfSharesFromStockExchangeExplanatory to label_DelistingOfSharesFromStockExchangeExplanatory_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract" xlink:label="DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract" xlink:title="DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract" xml:lang="en-US" id="label_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract">Disclosure of analysis of single amount of discontinued operations [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract" xlink:to="label_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract" xlink:title="Label : DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract to label_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:label="DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:title="DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xml:lang="en-US" id="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory">Disclosure of non-current assets held for sale and discontinued operations [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:to="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:title="Label : DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory to label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1" xml:lang="en-US" id="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1">Note 29 - Discontinued Operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:to="label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1" xlink:title="Label : DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory to label_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:label="DisclosureOfSignificantAccountingPoliciesAbstract" xlink:title="DisclosureOfSignificantAccountingPoliciesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantAccountingPoliciesAbstract" xml:lang="en-US" id="label_DisclosureOfSignificantAccountingPoliciesAbstract">Disclosure of Significant Accounting Policies [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantAccountingPoliciesAbstract" xlink:to="label_DisclosureOfSignificantAccountingPoliciesAbstract" xlink:title="Label : DisclosureOfSignificantAccountingPoliciesAbstract to label_DisclosureOfSignificantAccountingPoliciesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xlink:label="DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xlink:title="DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock">Description of accounting policy for basis of presentation [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xlink:to="label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xlink:title="Label : DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock to label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock_1" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock_1">The description of the entity's accounting policy for basis of presentation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock" xlink:to="label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock_1" xlink:title="Label : DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock to label_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:label="DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:title="DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory">Description of accounting policy for investment in associates and joint ventures [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory to label_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:label="DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:title="DescriptionOfAccountingPolicyForSegmentReportingExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory">Description of accounting policy for segment reporting [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForSegmentReportingExplanatory to label_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:label="DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:title="DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory">Description of accounting policy for foreign currency translation [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory to label_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:label="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:title="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory">Description of accounting policy for property, plant and equipment [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory to label_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:label="DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:title="DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory">Description of accounting policy for intangible assets and goodwill [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory to label_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:label="DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:title="DescriptionOfAccountingPolicyForLeasesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForLeasesExplanatory" xml:lang="en-US" id="label_DescriptionOfAccountingPolicyForLeasesExplanatory">Description of accounting policy for leases [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:title="Label : DescriptionOfAccountingPolicyForLeasesExplanatory to label_DescriptionOfAccountingPolicyForLeasesExplanatory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:label="DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:title="DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfDetailedInformationAboutLaborCostsTextBlock" xlink:label="DisclosureOfDetailedInformationAboutLaborCostsTextBlock" xlink:title="DisclosureOfDetailedInformationAboutLaborCostsTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xlink:label="DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" xlink:title="DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitExplanatory" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfSensitivityAnalysisForAdditionalImpairmentToChangesInKeyAssumptionsTextBlock" xlink:label="DisclosureOfSensitivityAnalysisForAdditionalImpairmentToChangesInKeyAssumptionsTextBlock" xlink:title="DisclosureOfSensitivityAnalysisForAdditionalImpairmentToChangesInKeyAssumptionsTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock" xlink:label="DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock" xlink:title="DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfDetailedInformationAboutFinancialIncomeCost" xlink:label="DisclosureOfDetailedInformationAboutFinancialIncomeCost" xlink:title="DisclosureOfDetailedInformationAboutFinancialIncomeCost" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock" xlink:label="DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock" xlink:title="DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:label="DisclosureOfBusinessCombinationsLineItems" xlink:title="DisclosureOfBusinessCombinationsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfBusinessCombinationsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfBusinessCombinationsLineItems" xml:lang="en-US" id="label_DisclosureOfBusinessCombinationsLineItems">Disclosure of detailed information about business combination [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfBusinessCombinationsLineItems" xlink:to="label_DisclosureOfBusinessCombinationsLineItems" xlink:title="Label : DisclosureOfBusinessCombinationsLineItems to label_DisclosureOfBusinessCombinationsLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:label="DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:title="DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xml:lang="en-US" id="label_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory">Disclosure of detailed information about business combination [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:to="label_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:title="Label : DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory to label_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AcquisitionOfIPSCOMember" xlink:label="AcquisitionOfIPSCOMember" xlink:title="AcquisitionOfIPSCOMember" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionOfIPSCOMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionOfIPSCOMember" xml:lang="en-US" id="label_AcquisitionOfIPSCOMember">Acquisition of IPSCO [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionOfIPSCOMember" xlink:to="label_AcquisitionOfIPSCOMember" xlink:title="Label : AcquisitionOfIPSCOMember to label_AcquisitionOfIPSCOMember" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionOfIPSCOMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AcquisitionOfIPSCOMember_1" xml:lang="en-US" id="label_AcquisitionOfIPSCOMember_1">Represents information related to the acquisition of IPSCO Tubulars, Inc., a U.S. manufacturer of steel pipes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionOfIPSCOMember" xlink:to="label_AcquisitionOfIPSCOMember_1" xlink:title="Label : AcquisitionOfIPSCOMember to label_AcquisitionOfIPSCOMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:label="DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:title="DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory">Disclosure of subsidiaries [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:to="label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:title="Label : DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory to label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_1" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_1">Principal subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory" xlink:to="label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_1" xlink:title="Label : DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory to label_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xlink:label="DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xlink:title="DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xml:lang="en-US" id="label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock">Disclosure of discontinued operations net income components [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xlink:to="label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xlink:title="Label : DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock to label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock_1" xml:lang="en-US" id="label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock_1">The disclosure of discontinued operations net income components.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" xlink:to="label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock_1" xlink:title="Label : DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock to label_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xlink:label="DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xlink:title="DisclosureOfSaleOfDiscontinuedOperationsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xml:lang="en-US" id="label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock">Disclosure of sale of discontinued operations [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xlink:to="label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xlink:title="Label : DisclosureOfSaleOfDiscontinuedOperationsTextBlock to label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock_1" xml:lang="en-US" id="label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock_1">The complete disclosure of the sale of discontinued operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSaleOfDiscontinuedOperationsTextBlock" xlink:to="label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock_1" xlink:title="Label : DisclosureOfSaleOfDiscontinuedOperationsTextBlock to label_DisclosureOfSaleOfDiscontinuedOperationsTextBlock_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDiscontinuedOperationsExplanatory" xlink:label="DisclosureOfDiscontinuedOperationsExplanatory" xlink:title="DisclosureOfDiscontinuedOperationsExplanatory" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDiscontinuedOperationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDiscontinuedOperationsExplanatory" xml:lang="en-US" id="label_DisclosureOfDiscontinuedOperationsExplanatory">Disclosure of discontinued operations [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDiscontinuedOperationsExplanatory" xlink:to="label_DisclosureOfDiscontinuedOperationsExplanatory" xlink:title="Label : DisclosureOfDiscontinuedOperationsExplanatory to label_DisclosureOfDiscontinuedOperationsExplanatory" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:label="DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:title="DisclosureOfSignificantInvestmentsInAssociatesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantInvestmentsInAssociatesTable" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInAssociatesTable">Disclosure of associates [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:to="label_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:title="Label : DisclosureOfSignificantInvestmentsInAssociatesTable to label_DisclosureOfSignificantInvestmentsInAssociatesTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="SignificantInvestmentsInAssociatesAxis" xlink:title="SignificantInvestmentsInAssociatesAxis" />
    <link:label xlink:type="resource" xlink:label="label_SignificantInvestmentsInAssociatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantInvestmentsInAssociatesAxis" xml:lang="en-US" id="label_SignificantInvestmentsInAssociatesAxis">Associates [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantInvestmentsInAssociatesAxis" xlink:to="label_SignificantInvestmentsInAssociatesAxis" xlink:title="Label : SignificantInvestmentsInAssociatesAxis to label_SignificantInvestmentsInAssociatesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EntitysTotalForAssociatesMember" xlink:label="EntitysTotalForAssociatesMember" xlink:title="EntitysTotalForAssociatesMember" />
    <link:label xlink:type="resource" xlink:label="label_EntitysTotalForAssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitysTotalForAssociatesMember" xml:lang="en-US" id="label_EntitysTotalForAssociatesMember">Entity's total for associates [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitysTotalForAssociatesMember" xlink:to="label_EntitysTotalForAssociatesMember" xlink:title="Label : EntitysTotalForAssociatesMember to label_EntitysTotalForAssociatesMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TerniumSAMember" xlink:label="TerniumSAMember" xlink:title="TerniumSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TerniumSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TerniumSAMember" xml:lang="en-US" id="label_TerniumSAMember">Ternium S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumSAMember" xlink:to="label_TerniumSAMember" xlink:title="Label : TerniumSAMember to label_TerniumSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TerniumSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TerniumSAMember_1" xml:lang="en-US" id="label_TerniumSAMember_1">This member stands for the information pertaining to Ternium S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumSAMember" xlink:to="label_TerniumSAMember_1" xlink:title="Label : TerniumSAMember to label_TerniumSAMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UsiminasMember" xlink:label="UsiminasMember" xlink:title="UsiminasMember" />
    <link:label xlink:type="resource" xlink:label="label_UsiminasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UsiminasMember" xml:lang="en-US" id="label_UsiminasMember">Usiminas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsiminasMember" xlink:to="label_UsiminasMember" xlink:title="Label : UsiminasMember to label_UsiminasMember" />
    <link:label xlink:type="resource" xlink:label="label_UsiminasMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UsiminasMember_1" xml:lang="en-US" id="label_UsiminasMember_1">Information related to Usiminas.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsiminasMember" xlink:to="label_UsiminasMember_1" xlink:title="Label : UsiminasMember to label_UsiminasMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="SignificantInvestmentsInSubsidiariesAxis" xlink:title="SignificantInvestmentsInSubsidiariesAxis" />
    <link:label xlink:type="resource" xlink:label="label_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantInvestmentsInSubsidiariesAxis" xml:lang="en-US" id="label_SignificantInvestmentsInSubsidiariesAxis">Subsidiaries [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantInvestmentsInSubsidiariesAxis" xlink:to="label_SignificantInvestmentsInSubsidiariesAxis" xlink:title="Label : SignificantInvestmentsInSubsidiariesAxis to label_SignificantInvestmentsInSubsidiariesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EntitysTotalForSubsidiariesMember" xlink:label="EntitysTotalForSubsidiariesMember" xlink:title="EntitysTotalForSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_EntitysTotalForSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitysTotalForSubsidiariesMember" xml:lang="en-US" id="label_EntitysTotalForSubsidiariesMember">Entity's total for subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitysTotalForSubsidiariesMember" xlink:to="label_EntitysTotalForSubsidiariesMember" xlink:title="Label : EntitysTotalForSubsidiariesMember to label_EntitysTotalForSubsidiariesMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ConfabIndustrialSaAndSubsidiariesMember" xlink:label="ConfabIndustrialSaAndSubsidiariesMember" xlink:title="ConfabIndustrialSaAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_ConfabIndustrialSaAndSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConfabIndustrialSaAndSubsidiariesMember" xml:lang="en-US" id="label_ConfabIndustrialSaAndSubsidiariesMember">CONFAB INDUSTRIAL S.A. and subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConfabIndustrialSaAndSubsidiariesMember" xlink:to="label_ConfabIndustrialSaAndSubsidiariesMember" xlink:title="Label : ConfabIndustrialSaAndSubsidiariesMember to label_ConfabIndustrialSaAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_ConfabIndustrialSaAndSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConfabIndustrialSaAndSubsidiariesMember_1" xml:lang="en-US" id="label_ConfabIndustrialSaAndSubsidiariesMember_1">The entity CONFAB INDUSTRIAL S.A. and subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConfabIndustrialSaAndSubsidiariesMember" xlink:to="label_ConfabIndustrialSaAndSubsidiariesMember_1" xlink:title="Label : ConfabIndustrialSaAndSubsidiariesMember to label_ConfabIndustrialSaAndSubsidiariesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PreferenceSharesMember" xlink:label="PreferenceSharesMember" xlink:title="PreferenceSharesMember" />
    <link:label xlink:type="resource" xlink:label="label_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PreferenceSharesMember" xml:lang="en-US" id="label_PreferenceSharesMember">Preference shares [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreferenceSharesMember" xlink:to="label_PreferenceSharesMember" xlink:title="Label : PreferenceSharesMember to label_PreferenceSharesMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" xlink:title="LegalEntityAxis" />
    <link:label xlink:type="resource" xlink:label="label_LegalEntityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LegalEntityAxis" xml:lang="en-US" id="label_LegalEntityAxis">Legal Entity [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalEntityAxis" xlink:to="label_LegalEntityAxis" xlink:title="Label : LegalEntityAxis to label_LegalEntityAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityDomain" xlink:label="EntityDomain" xlink:title="EntityDomain" />
    <link:label xlink:type="resource" xlink:label="label_EntityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntityDomain" xml:lang="en-US" id="label_EntityDomain">Entity [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityDomain" xlink:to="label_EntityDomain" xlink:title="Label : EntityDomain to label_EntityDomain" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TTGroupMember" xlink:label="TTGroupMember" xlink:title="TTGroupMember" />
    <link:label xlink:type="resource" xlink:label="label_TTGroupMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TTGroupMember" xml:lang="en-US" id="label_TTGroupMember">T/T Group [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TTGroupMember" xlink:to="label_TTGroupMember" xlink:title="Label : TTGroupMember to label_TTGroupMember" />
    <link:label xlink:type="resource" xlink:label="label_TTGroupMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TTGroupMember_1" xml:lang="en-US" id="label_TTGroupMember_1">Related to the T/T Group.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TTGroupMember" xlink:to="label_TTGroupMember_1" xlink:title="Label : TTGroupMember to label_TTGroupMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TerniumEntititesMember" xlink:label="TerniumEntititesMember" xlink:title="TerniumEntititesMember" />
    <link:label xlink:type="resource" xlink:label="label_TerniumEntititesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TerniumEntititesMember" xml:lang="en-US" id="label_TerniumEntititesMember">Ternium entitites [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumEntititesMember" xlink:to="label_TerniumEntititesMember" xlink:title="Label : TerniumEntititesMember to label_TerniumEntititesMember" />
    <link:label xlink:type="resource" xlink:label="label_TerniumEntititesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TerniumEntititesMember_1" xml:lang="en-US" id="label_TerniumEntititesMember_1">Related to Ternium entities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumEntititesMember" xlink:to="label_TerniumEntititesMember_1" xlink:title="Label : TerniumEntititesMember to label_TerniumEntititesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ConfabMember" xlink:label="ConfabMember" xlink:title="ConfabMember" />
    <link:label xlink:type="resource" xlink:label="label_ConfabMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConfabMember" xml:lang="en-US" id="label_ConfabMember">Confab [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConfabMember" xlink:to="label_ConfabMember" xlink:title="Label : ConfabMember to label_ConfabMember" />
    <link:label xlink:type="resource" xlink:label="label_ConfabMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConfabMember_1" xml:lang="en-US" id="label_ConfabMember_1">Information related to Confab.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConfabMember" xlink:to="label_ConfabMember_1" xlink:title="Label : ConfabMember to label_ConfabMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NSSMCMember" xlink:label="NSSMCMember" xlink:title="NSSMCMember" />
    <link:label xlink:type="resource" xlink:label="label_NSSMCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NSSMCMember" xml:lang="en-US" id="label_NSSMCMember">NSSMC [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSSMCMember" xlink:to="label_NSSMCMember" xlink:title="Label : NSSMCMember to label_NSSMCMember" />
    <link:label xlink:type="resource" xlink:label="label_NSSMCMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NSSMCMember_1" xml:lang="en-US" id="label_NSSMCMember_1">Related to the entity NSSMC.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NSSMCMember" xlink:to="label_NSSMCMember_1" xlink:title="Label : NSSMCMember to label_NSSMCMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PrevidenciaUsiminasMember" xlink:label="PrevidenciaUsiminasMember" xlink:title="PrevidenciaUsiminasMember" />
    <link:label xlink:type="resource" xlink:label="label_PrevidenciaUsiminasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrevidenciaUsiminasMember" xml:lang="en-US" id="label_PrevidenciaUsiminasMember">Previdencia Usiminas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrevidenciaUsiminasMember" xlink:to="label_PrevidenciaUsiminasMember" xlink:title="Label : PrevidenciaUsiminasMember to label_PrevidenciaUsiminasMember" />
    <link:label xlink:type="resource" xlink:label="label_PrevidenciaUsiminasMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrevidenciaUsiminasMember_1" xml:lang="en-US" id="label_PrevidenciaUsiminasMember_1">Related to Previdencia Usiminas.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrevidenciaUsiminasMember" xlink:to="label_PrevidenciaUsiminasMember_1" xlink:title="Label : PrevidenciaUsiminasMember to label_PrevidenciaUsiminasMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TecpetrolInternationalSAMember" xlink:label="TecpetrolInternationalSAMember" xlink:title="TecpetrolInternationalSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TecpetrolInternationalSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TecpetrolInternationalSAMember" xml:lang="en-US" id="label_TecpetrolInternationalSAMember">Tecpetrol International S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TecpetrolInternationalSAMember" xlink:to="label_TecpetrolInternationalSAMember" xlink:title="Label : TecpetrolInternationalSAMember to label_TecpetrolInternationalSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TecpetrolInternationalSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TecpetrolInternationalSAMember_1" xml:lang="en-US" id="label_TecpetrolInternationalSAMember_1">Related to the entity Tecpetrol International S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TecpetrolInternationalSAMember" xlink:to="label_TecpetrolInternationalSAMember_1" xlink:title="Label : TecpetrolInternationalSAMember to label_TecpetrolInternationalSAMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisMember" xlink:label="TenarisMember" xlink:title="TenarisMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisMember" xml:lang="en-US" id="label_TenarisMember">Tenaris [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisMember" xlink:to="label_TenarisMember" xlink:title="Label : TenarisMember to label_TenarisMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisMember_1" xml:lang="en-US" id="label_TenarisMember_1">Related to Tenaris.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisMember" xlink:to="label_TenarisMember_1" xlink:title="Label : TenarisMember to label_TenarisMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TypesOfContractsAxis" xlink:label="TypesOfContractsAxis" xlink:title="TypesOfContractsAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfContractsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfContractsAxis" xml:lang="en-US" id="label_TypesOfContractsAxis">Types of contracts [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfContractsAxis" xlink:to="label_TypesOfContractsAxis" xlink:title="Label : TypesOfContractsAxis to label_TypesOfContractsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TypesOfContractsMember" xlink:label="TypesOfContractsMember" xlink:title="TypesOfContractsMember" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfContractsMember" xml:lang="en-US" id="label_TypesOfContractsMember">Types of contracts [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfContractsMember" xlink:to="label_TypesOfContractsMember" xlink:title="Label : TypesOfContractsMember to label_TypesOfContractsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TheNewSHAMember" xlink:label="TheNewSHAMember" xlink:title="TheNewSHAMember" />
    <link:label xlink:type="resource" xlink:label="label_TheNewSHAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TheNewSHAMember" xml:lang="en-US" id="label_TheNewSHAMember">The new SHA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TheNewSHAMember" xlink:to="label_TheNewSHAMember" xlink:title="Label : TheNewSHAMember to label_TheNewSHAMember" />
    <link:label xlink:type="resource" xlink:label="label_TheNewSHAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TheNewSHAMember_1" xml:lang="en-US" id="label_TheNewSHAMember_1">Related to the new SHA.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TheNewSHAMember" xlink:to="label_TheNewSHAMember_1" xlink:title="Label : TheNewSHAMember to label_TheNewSHAMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_JointVenturesAxis" xlink:label="JointVenturesAxis" xlink:title="JointVenturesAxis" />
    <link:label xlink:type="resource" xlink:label="label_JointVenturesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JointVenturesAxis" xml:lang="en-US" id="label_JointVenturesAxis">Joint ventures [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JointVenturesAxis" xlink:to="label_JointVenturesAxis" xlink:title="Label : JointVenturesAxis to label_JointVenturesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EntitysTotalForJointVenturesMember" xlink:label="EntitysTotalForJointVenturesMember" xlink:title="EntitysTotalForJointVenturesMember" />
    <link:label xlink:type="resource" xlink:label="label_EntitysTotalForJointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitysTotalForJointVenturesMember" xml:lang="en-US" id="label_EntitysTotalForJointVenturesMember">Entity's total for joint ventures [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitysTotalForJointVenturesMember" xlink:to="label_EntitysTotalForJointVenturesMember" xlink:title="Label : EntitysTotalForJointVenturesMember to label_EntitysTotalForJointVenturesMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TechgenSAMember" xlink:label="TechgenSAMember" xlink:title="TechgenSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TechgenSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TechgenSAMember" xml:lang="en-US" id="label_TechgenSAMember">Techgen s.a. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechgenSAMember" xlink:to="label_TechgenSAMember" xlink:title="Label : TechgenSAMember to label_TechgenSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TechgenSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TechgenSAMember_1" xml:lang="en-US" id="label_TechgenSAMember_1">Information related to Techgen S.A. "Techgen".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechgenSAMember" xlink:to="label_TechgenSAMember_1" xlink:title="Label : TechgenSAMember to label_TechgenSAMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_GlobalPipeCompanyMember" xlink:label="GlobalPipeCompanyMember" xlink:title="GlobalPipeCompanyMember" />
    <link:label xlink:type="resource" xlink:label="label_GlobalPipeCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GlobalPipeCompanyMember" xml:lang="en-US" id="label_GlobalPipeCompanyMember">This member stands for the information pertaining to Global Pipe Company (&#x201C;GPC&#x201D;).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GlobalPipeCompanyMember" xlink:to="label_GlobalPipeCompanyMember" xlink:title="Label : GlobalPipeCompanyMember to label_GlobalPipeCompanyMember" />
    <link:label xlink:type="resource" xlink:label="label_GlobalPipeCompanyMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GlobalPipeCompanyMember_1" xml:lang="en-US" id="label_GlobalPipeCompanyMember_1">Global Pipe Company [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GlobalPipeCompanyMember" xlink:to="label_GlobalPipeCompanyMember_1" xlink:title="Label : GlobalPipeCompanyMember to label_GlobalPipeCompanyMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RangeAxis" xlink:label="RangeAxis" xlink:title="RangeAxis" />
    <link:label xlink:type="resource" xlink:label="label_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RangeAxis" xml:lang="en-US" id="label_RangeAxis">Range [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RangeAxis" xlink:to="label_RangeAxis" xlink:title="Label : RangeAxis to label_RangeAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RangesMember" xlink:label="RangesMember" xlink:title="RangesMember" />
    <link:label xlink:type="resource" xlink:label="label_RangesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RangesMember" xml:lang="en-US" id="label_RangesMember">Ranges [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RangesMember" xlink:to="label_RangesMember" xlink:title="Label : RangesMember to label_RangesMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TopOfRangeMember" xlink:label="TopOfRangeMember" xlink:title="TopOfRangeMember" />
    <link:label xlink:type="resource" xlink:label="label_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TopOfRangeMember" xml:lang="en-US" id="label_TopOfRangeMember">Top of range [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TopOfRangeMember" xlink:to="label_TopOfRangeMember" xlink:title="Label : TopOfRangeMember to label_TopOfRangeMember" />
    <link:label xlink:type="resource" xlink:label="label_TopOfRangeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TopOfRangeMember_1" xml:lang="en-US" id="label_TopOfRangeMember_1">Maximum</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TopOfRangeMember" xlink:to="label_TopOfRangeMember_1" xlink:title="Label : TopOfRangeMember to label_TopOfRangeMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_BottomOfRangeMember" xlink:label="BottomOfRangeMember" xlink:title="BottomOfRangeMember" />
    <link:label xlink:type="resource" xlink:label="label_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BottomOfRangeMember" xml:lang="en-US" id="label_BottomOfRangeMember">Bottom of range [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BottomOfRangeMember" xlink:to="label_BottomOfRangeMember" xlink:title="Label : BottomOfRangeMember to label_BottomOfRangeMember" />
    <link:label xlink:type="resource" xlink:label="label_BottomOfRangeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BottomOfRangeMember_1" xml:lang="en-US" id="label_BottomOfRangeMember_1">Minimum</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BottomOfRangeMember" xlink:to="label_BottomOfRangeMember_1" xlink:title="Label : BottomOfRangeMember to label_BottomOfRangeMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:label="ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:title="ClassesOfIntangibleAssetsAndGoodwillAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfIntangibleAssetsAndGoodwillAxis" xml:lang="en-US" id="label_ClassesOfIntangibleAssetsAndGoodwillAxis">Classes of intangible assets and goodwill [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="label_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:title="Label : ClassesOfIntangibleAssetsAndGoodwillAxis to label_ClassesOfIntangibleAssetsAndGoodwillAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:label="IntangibleAssetsAndGoodwillMember" xlink:title="IntangibleAssetsAndGoodwillMember" />
    <link:label xlink:type="resource" xlink:label="label_IntangibleAssetsAndGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IntangibleAssetsAndGoodwillMember" xml:lang="en-US" id="label_IntangibleAssetsAndGoodwillMember">Intangible assets and goodwill [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IntangibleAssetsAndGoodwillMember" xlink:to="label_IntangibleAssetsAndGoodwillMember" xlink:title="Label : IntangibleAssetsAndGoodwillMember to label_IntangibleAssetsAndGoodwillMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_InformationSystemProjectsMember" xlink:label="InformationSystemProjectsMember" xlink:title="InformationSystemProjectsMember" />
    <link:label xlink:type="resource" xlink:label="label_InformationSystemProjectsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InformationSystemProjectsMember" xml:lang="en-US" id="label_InformationSystemProjectsMember">Information system projects [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InformationSystemProjectsMember" xlink:to="label_InformationSystemProjectsMember" xlink:title="Label : InformationSystemProjectsMember to label_InformationSystemProjectsMember" />
    <link:label xlink:type="resource" xlink:label="label_InformationSystemProjectsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InformationSystemProjectsMember_1" xml:lang="en-US" id="label_InformationSystemProjectsMember_1">Intangible assets classified as information system projects.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InformationSystemProjectsMember" xlink:to="label_InformationSystemProjectsMember_1" xlink:title="Label : InformationSystemProjectsMember to label_InformationSystemProjectsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember" xlink:label="LicensesPatentsTrademarksAndProprietaryTechnologyMember" xlink:title="LicensesPatentsTrademarksAndProprietaryTechnologyMember" />
    <link:label xlink:type="resource" xlink:label="label_LicensesPatentsTrademarksAndProprietaryTechnologyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LicensesPatentsTrademarksAndProprietaryTechnologyMember" xml:lang="en-US" id="label_LicensesPatentsTrademarksAndProprietaryTechnologyMember">Licenses, patents, trademarks, and proprietary technology [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LicensesPatentsTrademarksAndProprietaryTechnologyMember" xlink:to="label_LicensesPatentsTrademarksAndProprietaryTechnologyMember" xlink:title="Label : LicensesPatentsTrademarksAndProprietaryTechnologyMember to label_LicensesPatentsTrademarksAndProprietaryTechnologyMember" />
    <link:label xlink:type="resource" xlink:label="label_LicensesPatentsTrademarksAndProprietaryTechnologyMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LicensesPatentsTrademarksAndProprietaryTechnologyMember_1" xml:lang="en-US" id="label_LicensesPatentsTrademarksAndProprietaryTechnologyMember_1">Information related to licenses, patents, trademarks, and proprietary technology.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LicensesPatentsTrademarksAndProprietaryTechnologyMember" xlink:to="label_LicensesPatentsTrademarksAndProprietaryTechnologyMember_1" xlink:title="Label : LicensesPatentsTrademarksAndProprietaryTechnologyMember to label_LicensesPatentsTrademarksAndProprietaryTechnologyMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TrademarksMember" xlink:label="TrademarksMember" xlink:title="TrademarksMember" />
    <link:label xlink:type="resource" xlink:label="label_TrademarksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TrademarksMember" xml:lang="en-US" id="label_TrademarksMember">Trademarks [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrademarksMember" xlink:to="label_TrademarksMember" xlink:title="Label : TrademarksMember to label_TrademarksMember" />
    <link:label xlink:type="resource" xlink:label="label_TrademarksMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TrademarksMember_1" xml:lang="en-US" id="label_TrademarksMember_1">Refers to information regarding trademarks.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TrademarksMember" xlink:to="label_TrademarksMember_1" xlink:title="Label : TrademarksMember to label_TrademarksMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:label="CustomerrelatedIntangibleAssetsMember" xlink:title="CustomerrelatedIntangibleAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_CustomerrelatedIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CustomerrelatedIntangibleAssetsMember" xml:lang="en-US" id="label_CustomerrelatedIntangibleAssetsMember">Customer-related intangible assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerrelatedIntangibleAssetsMember" xlink:to="label_CustomerrelatedIntangibleAssetsMember" xlink:title="Label : CustomerrelatedIntangibleAssetsMember to label_CustomerrelatedIntangibleAssetsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MaverickAcquisitionMember" xlink:label="MaverickAcquisitionMember" xlink:title="MaverickAcquisitionMember" />
    <link:label xlink:type="resource" xlink:label="label_MaverickAcquisitionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaverickAcquisitionMember" xml:lang="en-US" id="label_MaverickAcquisitionMember">Maverick acquisition [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaverickAcquisitionMember" xlink:to="label_MaverickAcquisitionMember" xlink:title="Label : MaverickAcquisitionMember to label_MaverickAcquisitionMember" />
    <link:label xlink:type="resource" xlink:label="label_MaverickAcquisitionMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaverickAcquisitionMember_1" xml:lang="en-US" id="label_MaverickAcquisitionMember_1">Represents the Maverick acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaverickAcquisitionMember" xlink:to="label_MaverickAcquisitionMember_1" xlink:title="Label : MaverickAcquisitionMember to label_MaverickAcquisitionMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_HydrillAcquisitionMember" xlink:label="HydrillAcquisitionMember" xlink:title="HydrillAcquisitionMember" />
    <link:label xlink:type="resource" xlink:label="label_HydrillAcquisitionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HydrillAcquisitionMember" xml:lang="en-US" id="label_HydrillAcquisitionMember">Hydrill acquisition [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HydrillAcquisitionMember" xlink:to="label_HydrillAcquisitionMember" xlink:title="Label : HydrillAcquisitionMember to label_HydrillAcquisitionMember" />
    <link:label xlink:type="resource" xlink:label="label_HydrillAcquisitionMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HydrillAcquisitionMember_1" xml:lang="en-US" id="label_HydrillAcquisitionMember_1">Represents the Hydrill acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HydrillAcquisitionMember" xlink:to="label_HydrillAcquisitionMember_1" xlink:title="Label : HydrillAcquisitionMember to label_HydrillAcquisitionMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:label="IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:title="IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" />
    <link:label xlink:type="resource" xlink:label="label_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xml:lang="en-US" id="label_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis">Cash-generating units [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:to="label_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:title="Label : IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis to label_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EntitysTotalForCashgeneratingUnitsMember" xlink:label="EntitysTotalForCashgeneratingUnitsMember" xlink:title="EntitysTotalForCashgeneratingUnitsMember" />
    <link:label xlink:type="resource" xlink:label="label_EntitysTotalForCashgeneratingUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitysTotalForCashgeneratingUnitsMember" xml:lang="en-US" id="label_EntitysTotalForCashgeneratingUnitsMember">Entity's total for cash-generating units [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitysTotalForCashgeneratingUnitsMember" xlink:to="label_EntitysTotalForCashgeneratingUnitsMember" xlink:title="Label : EntitysTotalForCashgeneratingUnitsMember to label_EntitysTotalForCashgeneratingUnitsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OCTGUSAMember" xlink:label="OCTGUSAMember" xlink:title="OCTGUSAMember" />
    <link:label xlink:type="resource" xlink:label="label_OCTGUSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OCTGUSAMember" xml:lang="en-US" id="label_OCTGUSAMember">OCTG (USA) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OCTGUSAMember" xlink:to="label_OCTGUSAMember" xlink:title="Label : OCTGUSAMember to label_OCTGUSAMember" />
    <link:label xlink:type="resource" xlink:label="label_OCTGUSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OCTGUSAMember_1" xml:lang="en-US" id="label_OCTGUSAMember_1">The cash generating unit OCTG (USA).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OCTGUSAMember" xlink:to="label_OCTGUSAMember_1" xlink:title="Label : OCTGUSAMember to label_OCTGUSAMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DefinedBenefitPlansAxis" xlink:label="DefinedBenefitPlansAxis" xlink:title="DefinedBenefitPlansAxis" />
    <link:label xlink:type="resource" xlink:label="label_DefinedBenefitPlansAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefinedBenefitPlansAxis" xml:lang="en-US" id="label_DefinedBenefitPlansAxis">Defined benefit plans [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedBenefitPlansAxis" xlink:to="label_DefinedBenefitPlansAxis" xlink:title="Label : DefinedBenefitPlansAxis to label_DefinedBenefitPlansAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DefinedBenefitPlansMember" xlink:label="DefinedBenefitPlansMember" xlink:title="DefinedBenefitPlansMember" />
    <link:label xlink:type="resource" xlink:label="label_DefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefinedBenefitPlansMember" xml:lang="en-US" id="label_DefinedBenefitPlansMember">Defined benefit plans [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinedBenefitPlansMember" xlink:to="label_DefinedBenefitPlansMember" xlink:title="Label : DefinedBenefitPlansMember to label_DefinedBenefitPlansMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xlink:label="UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xlink:title="UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" />
    <link:label xlink:type="resource" xlink:label="label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xml:lang="en-US" id="label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember">Unfunded defined benefit employee retirement plan for certain senior officers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xlink:to="label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xlink:title="Label : UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember to label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" />
    <link:label xlink:type="resource" xlink:label="label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember_1" xml:lang="en-US" id="label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember_1">Refers to the unfunded defined benefit employee retirement plan for certain senior officers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" xlink:to="label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember_1" xlink:title="Label : UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember to label_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FundedPostemploymentBenefitsMember" xlink:label="FundedPostemploymentBenefitsMember" xlink:title="FundedPostemploymentBenefitsMember" />
    <link:label xlink:type="resource" xlink:label="label_FundedPostemploymentBenefitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FundedPostemploymentBenefitsMember" xml:lang="en-US" id="label_FundedPostemploymentBenefitsMember">Funded post-employment benefits [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FundedPostemploymentBenefitsMember" xlink:to="label_FundedPostemploymentBenefitsMember" xlink:title="Label : FundedPostemploymentBenefitsMember to label_FundedPostemploymentBenefitsMember" />
    <link:label xlink:type="resource" xlink:label="label_FundedPostemploymentBenefitsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FundedPostemploymentBenefitsMember_1" xml:lang="en-US" id="label_FundedPostemploymentBenefitsMember_1">This member stands for funded post-employment benefits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FundedPostemploymentBenefitsMember" xlink:to="label_FundedPostemploymentBenefitsMember_1" xlink:title="Label : FundedPostemploymentBenefitsMember to label_FundedPostemploymentBenefitsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="GeographicalAreasAxis" xlink:title="GeographicalAreasAxis" />
    <link:label xlink:type="resource" xlink:label="label_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeographicalAreasAxis" xml:lang="en-US" id="label_GeographicalAreasAxis">Geographical areas [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeographicalAreasAxis" xlink:to="label_GeographicalAreasAxis" xlink:title="Label : GeographicalAreasAxis to label_GeographicalAreasAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GeographicalAreasMember" xlink:label="GeographicalAreasMember" xlink:title="GeographicalAreasMember" />
    <link:label xlink:type="resource" xlink:label="label_GeographicalAreasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GeographicalAreasMember" xml:lang="en-US" id="label_GeographicalAreasMember">Geographical areas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GeographicalAreasMember" xlink:to="label_GeographicalAreasMember" xlink:title="Label : GeographicalAreasMember to label_GeographicalAreasMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_IT" xlink:label="IT" xlink:title="IT" />
    <link:label xlink:type="resource" xlink:label="label_IT" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IT" xml:lang="en-US" id="label_IT">Italy</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IT" xlink:to="label_IT" xlink:title="Label : IT to label_IT" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_CA" xlink:label="CA" xlink:title="CA" />
    <link:label xlink:type="resource" xlink:label="label_CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CA" xml:lang="en-US" id="label_CA">Canada</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CA" xlink:to="label_CA" xlink:title="Label : CA to label_CA" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_US" xlink:label="US" xlink:title="US" />
    <link:label xlink:type="resource" xlink:label="label_US" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_US" xml:lang="en-US" id="label_US">USA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="US" xlink:to="label_US" xlink:title="Label : US to label_US" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:label="DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:title="DisclosureOfSignificantInvestmentsInAssociatesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInAssociatesLineItems">Disclosure of associates [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:to="label_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:title="Label : DisclosureOfSignificantInvestmentsInAssociatesLineItems to label_DisclosureOfSignificantInvestmentsInAssociatesLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:label="ProportionOfOwnershipInterestInAssociate" xlink:title="ProportionOfOwnershipInterestInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestInAssociate" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInAssociate">Percentage of ownership</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInAssociate" xlink:to="label_ProportionOfOwnershipInterestInAssociate" xlink:title="Label : ProportionOfOwnershipInterestInAssociate to label_ProportionOfOwnershipInterestInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInAssociate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfOwnershipInterestInAssociate_1" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInAssociate_1">Proportion of ownership interest in associate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInAssociate" xlink:to="label_ProportionOfOwnershipInterestInAssociate_1" xlink:title="Label : ProportionOfOwnershipInterestInAssociate to label_ProportionOfOwnershipInterestInAssociate_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProportionOfVotingPowerHeldInAssociate" xlink:label="ProportionOfVotingPowerHeldInAssociate" xlink:title="ProportionOfVotingPowerHeldInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfVotingPowerHeldInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfVotingPowerHeldInAssociate" xml:lang="en-US" id="label_ProportionOfVotingPowerHeldInAssociate">ifrs-full_ProportionOfVotingPowerHeldInAssociate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfVotingPowerHeldInAssociate" xlink:to="label_ProportionOfVotingPowerHeldInAssociate" xlink:title="Label : ProportionOfVotingPowerHeldInAssociate to label_ProportionOfVotingPowerHeldInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfVotingPowerHeldInAssociate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfVotingPowerHeldInAssociate_1" xml:lang="en-US" id="label_ProportionOfVotingPowerHeldInAssociate_1">Proportion of voting rights held in associate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfVotingPowerHeldInAssociate" xlink:to="label_ProportionOfVotingPowerHeldInAssociate_1" xlink:title="Label : ProportionOfVotingPowerHeldInAssociate to label_ProportionOfVotingPowerHeldInAssociate_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NumberOfSharesSubscribedTo" xlink:label="NumberOfSharesSubscribedTo" xlink:title="NumberOfSharesSubscribedTo" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesSubscribedTo" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesSubscribedTo" xml:lang="en-US" id="label_NumberOfSharesSubscribedTo">Number of shares subscribed to</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesSubscribedTo" xlink:to="label_NumberOfSharesSubscribedTo" xlink:title="Label : NumberOfSharesSubscribedTo to label_NumberOfSharesSubscribedTo" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesSubscribedTo_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesSubscribedTo_1" xml:lang="en-US" id="label_NumberOfSharesSubscribedTo_1">Number of shares subscribed to (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesSubscribedTo" xlink:to="label_NumberOfSharesSubscribedTo_1" xlink:title="Label : NumberOfSharesSubscribedTo to label_NumberOfSharesSubscribedTo_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesSubscribedTo_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfSharesSubscribedTo_2" xml:lang="en-US" id="label_NumberOfSharesSubscribedTo_2">Represents the amount of shares subscribed to.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesSubscribedTo" xlink:to="label_NumberOfSharesSubscribedTo_2" xlink:title="Label : NumberOfSharesSubscribedTo to label_NumberOfSharesSubscribedTo_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SharesSubscribedToPricePerShare" xlink:label="SharesSubscribedToPricePerShare" xlink:title="SharesSubscribedToPricePerShare" />
    <link:label xlink:type="resource" xlink:label="label_SharesSubscribedToPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharesSubscribedToPricePerShare" xml:lang="en-US" id="label_SharesSubscribedToPricePerShare">Shares subscribed to price per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesSubscribedToPricePerShare" xlink:to="label_SharesSubscribedToPricePerShare" xlink:title="Label : SharesSubscribedToPricePerShare to label_SharesSubscribedToPricePerShare" />
    <link:label xlink:type="resource" xlink:label="label_SharesSubscribedToPricePerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharesSubscribedToPricePerShare_1" xml:lang="en-US" id="label_SharesSubscribedToPricePerShare_1">Shares subscribed to, price per share (in BRL per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesSubscribedToPricePerShare" xlink:to="label_SharesSubscribedToPricePerShare_1" xlink:title="Label : SharesSubscribedToPricePerShare to label_SharesSubscribedToPricePerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_SharesSubscribedToPricePerShare_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SharesSubscribedToPricePerShare_2" xml:lang="en-US" id="label_SharesSubscribedToPricePerShare_2">Represents the price per share of shares subscribed to.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesSubscribedToPricePerShare" xlink:to="label_SharesSubscribedToPricePerShare_2" xlink:title="Label : SharesSubscribedToPricePerShare to label_SharesSubscribedToPricePerShare_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SharesSubscribedToValue" xlink:label="SharesSubscribedToValue" xlink:title="SharesSubscribedToValue" />
    <link:label xlink:type="resource" xlink:label="label_SharesSubscribedToValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharesSubscribedToValue" xml:lang="en-US" id="label_SharesSubscribedToValue">Shares subscribed to value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesSubscribedToValue" xlink:to="label_SharesSubscribedToValue" xlink:title="Label : SharesSubscribedToValue to label_SharesSubscribedToValue" />
    <link:label xlink:type="resource" xlink:label="label_SharesSubscribedToValue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharesSubscribedToValue_1" xml:lang="en-US" id="label_SharesSubscribedToValue_1">Shares subscribed to, value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesSubscribedToValue" xlink:to="label_SharesSubscribedToValue_1" xlink:title="Label : SharesSubscribedToValue to label_SharesSubscribedToValue_1" />
    <link:label xlink:type="resource" xlink:label="label_SharesSubscribedToValue_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SharesSubscribedToValue_2" xml:lang="en-US" id="label_SharesSubscribedToValue_2">Represents the value of shares subscribed to.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesSubscribedToValue" xlink:to="label_SharesSubscribedToValue_2" xlink:title="Label : SharesSubscribedToValue to label_SharesSubscribedToValue_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_InterestInAssociateSharesOwned" xlink:label="InterestInAssociateSharesOwned" xlink:title="InterestInAssociateSharesOwned" />
    <link:label xlink:type="resource" xlink:label="label_InterestInAssociateSharesOwned" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestInAssociateSharesOwned" xml:lang="en-US" id="label_InterestInAssociateSharesOwned">Interest in associate shares owned</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestInAssociateSharesOwned" xlink:to="label_InterestInAssociateSharesOwned" xlink:title="Label : InterestInAssociateSharesOwned to label_InterestInAssociateSharesOwned" />
    <link:label xlink:type="resource" xlink:label="label_InterestInAssociateSharesOwned_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestInAssociateSharesOwned_1" xml:lang="en-US" id="label_InterestInAssociateSharesOwned_1">Interest in associate, shares owned (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestInAssociateSharesOwned" xlink:to="label_InterestInAssociateSharesOwned_1" xlink:title="Label : InterestInAssociateSharesOwned to label_InterestInAssociateSharesOwned_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestInAssociateSharesOwned_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestInAssociateSharesOwned_2" xml:lang="en-US" id="label_InterestInAssociateSharesOwned_2">Represents the amount of shares owned of an associate entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestInAssociateSharesOwned" xlink:to="label_InterestInAssociateSharesOwned_2" xlink:title="Label : InterestInAssociateSharesOwned to label_InterestInAssociateSharesOwned_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SharesBoundToSHA" xlink:label="SharesBoundToSHA" xlink:title="SharesBoundToSHA" />
    <link:label xlink:type="resource" xlink:label="label_SharesBoundToSHA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SharesBoundToSHA" xml:lang="en-US" id="label_SharesBoundToSHA">Shares bound to sha</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesBoundToSHA" xlink:to="label_SharesBoundToSHA" xlink:title="Label : SharesBoundToSHA to label_SharesBoundToSHA" />
    <link:label xlink:type="resource" xlink:label="label_SharesBoundToSHA_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SharesBoundToSHA_1" xml:lang="en-US" id="label_SharesBoundToSHA_1">Shares bound to SHA (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesBoundToSHA" xlink:to="label_SharesBoundToSHA_1" xlink:title="Label : SharesBoundToSHA to label_SharesBoundToSHA_1" />
    <link:label xlink:type="resource" xlink:label="label_SharesBoundToSHA_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SharesBoundToSHA_2" xml:lang="en-US" id="label_SharesBoundToSHA_2">The amount of shares bound to SHA.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SharesBoundToSHA" xlink:to="label_SharesBoundToSHA_2" xlink:title="Label : SharesBoundToSHA to label_SharesBoundToSHA_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentOfCompanyVotingCapital" xlink:label="PercentOfCompanyVotingCapital" xlink:title="PercentOfCompanyVotingCapital" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfCompanyVotingCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentOfCompanyVotingCapital" xml:lang="en-US" id="label_PercentOfCompanyVotingCapital">Percent of company voting capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfCompanyVotingCapital" xlink:to="label_PercentOfCompanyVotingCapital" xlink:title="Label : PercentOfCompanyVotingCapital to label_PercentOfCompanyVotingCapital" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfCompanyVotingCapital_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentOfCompanyVotingCapital_1" xml:lang="en-US" id="label_PercentOfCompanyVotingCapital_1">Percent of company voting capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfCompanyVotingCapital" xlink:to="label_PercentOfCompanyVotingCapital_1" xlink:title="Label : PercentOfCompanyVotingCapital to label_PercentOfCompanyVotingCapital_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfCompanyVotingCapital_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentOfCompanyVotingCapital_2" xml:lang="en-US" id="label_PercentOfCompanyVotingCapital_2">The percent of a company's voting capital represented.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfCompanyVotingCapital" xlink:to="label_PercentOfCompanyVotingCapital_2" xlink:title="Label : PercentOfCompanyVotingCapital to label_PercentOfCompanyVotingCapital_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:label="ProportionOfOwnershipInterestInJointVenture" xlink:title="ProportionOfOwnershipInterestInJointVenture" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInJointVenture" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestInJointVenture" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInJointVenture">ifrs-full_ProportionOfOwnershipInterestInJointVenture</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInJointVenture" xlink:to="label_ProportionOfOwnershipInterestInJointVenture" xlink:title="Label : ProportionOfOwnershipInterestInJointVenture to label_ProportionOfOwnershipInterestInJointVenture" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInJointVenture_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfOwnershipInterestInJointVenture_1" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInJointVenture_1">Proportion of ownership interest in joint venture</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInJointVenture" xlink:to="label_ProportionOfOwnershipInterestInJointVenture_1" xlink:title="Label : ProportionOfOwnershipInterestInJointVenture to label_ProportionOfOwnershipInterestInJointVenture_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" xlink:label="NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" xlink:title="NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" xml:lang="en-US" id="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement">Number of Board members can be appointed through the shareholders agreement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" xlink:to="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" xlink:title="Label : NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement to label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_1" xml:lang="en-US" id="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_1">The number of Board members can be appointed through the shareholders agreement by the entity at a date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" xlink:to="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_1" xlink:title="Label : NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement to label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_2" xml:lang="en-US" id="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_2">Number of board members can be appointed through shareholders agreement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" xlink:to="label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_2" xlink:title="Label : NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement to label_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NumberOfBoardMembers" xlink:label="NumberOfBoardMembers" xlink:title="NumberOfBoardMembers" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfBoardMembers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfBoardMembers" xml:lang="en-US" id="label_NumberOfBoardMembers">Number of Board members</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfBoardMembers" xlink:to="label_NumberOfBoardMembers" xlink:title="Label : NumberOfBoardMembers to label_NumberOfBoardMembers" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfBoardMembers_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfBoardMembers_1" xml:lang="en-US" id="label_NumberOfBoardMembers_1">The number of Board members by the entity at a date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfBoardMembers" xlink:to="label_NumberOfBoardMembers_1" xlink:title="Label : NumberOfBoardMembers to label_NumberOfBoardMembers_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfBoardMembers_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfBoardMembers_2" xml:lang="en-US" id="label_NumberOfBoardMembers_2">Number of board members</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfBoardMembers" xlink:to="label_NumberOfBoardMembers_2" xlink:title="Label : NumberOfBoardMembers to label_NumberOfBoardMembers_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:label="AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:title="AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" />
    <link:label xlink:type="resource" xlink:label="label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xml:lang="en-US" id="label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities">Assets recognised in entity's financial statements in relation to structured entities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:to="label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:title="Label : AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities to label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" />
    <link:label xlink:type="resource" xlink:label="label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_1" xml:lang="en-US" id="label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_1">Goodwill or intangible assets recognized in relation to investments in non consolidated companies under the equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:to="label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_1" xlink:title="Label : AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities to label_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:label="ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:title="ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xml:lang="en-US" id="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies">The amount of impairment loss on equity method investment in non-consolidated companies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:to="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:title="Label : ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies to label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_1" xml:lang="en-US" id="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_1">Impairment loss on equity method investment in nonconsolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:to="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_1" xlink:title="Label : ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies to label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_1" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_2" xml:lang="en-US" id="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_2">Impairment loss on equity method investment in non-consolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" xlink:to="label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_2" xlink:title="Label : ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies to label_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NumberOfMajorBusinessSegments" xlink:label="NumberOfMajorBusinessSegments" xlink:title="NumberOfMajorBusinessSegments" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfMajorBusinessSegments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfMajorBusinessSegments" xml:lang="en-US" id="label_NumberOfMajorBusinessSegments">Number Of major business segments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfMajorBusinessSegments" xlink:to="label_NumberOfMajorBusinessSegments" xlink:title="Label : NumberOfMajorBusinessSegments to label_NumberOfMajorBusinessSegments" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfMajorBusinessSegments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfMajorBusinessSegments_1" xml:lang="en-US" id="label_NumberOfMajorBusinessSegments_1">Number of major business segments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfMajorBusinessSegments" xlink:to="label_NumberOfMajorBusinessSegments_1" xlink:title="Label : NumberOfMajorBusinessSegments to label_NumberOfMajorBusinessSegments_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfMajorBusinessSegments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfMajorBusinessSegments_2" xml:lang="en-US" id="label_NumberOfMajorBusinessSegments_2">Represents the number of major business segments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfMajorBusinessSegments" xlink:to="label_NumberOfMajorBusinessSegments_2" xlink:title="Label : NumberOfMajorBusinessSegments to label_NumberOfMajorBusinessSegments_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NumberOfReportableOperatingSegments" xlink:label="NumberOfReportableOperatingSegments" xlink:title="NumberOfReportableOperatingSegments" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfReportableOperatingSegments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfReportableOperatingSegments" xml:lang="en-US" id="label_NumberOfReportableOperatingSegments">Number of reportable operating segments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfReportableOperatingSegments" xlink:to="label_NumberOfReportableOperatingSegments" xlink:title="Label : NumberOfReportableOperatingSegments to label_NumberOfReportableOperatingSegments" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfReportableOperatingSegments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfReportableOperatingSegments_1" xml:lang="en-US" id="label_NumberOfReportableOperatingSegments_1">Number of reportable operating segments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfReportableOperatingSegments" xlink:to="label_NumberOfReportableOperatingSegments_1" xlink:title="Label : NumberOfReportableOperatingSegments to label_NumberOfReportableOperatingSegments_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfReportableOperatingSegments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfReportableOperatingSegments_2" xml:lang="en-US" id="label_NumberOfReportableOperatingSegments_2">Represents the number of reportable operating segments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfReportableOperatingSegments" xlink:to="label_NumberOfReportableOperatingSegments_2" xlink:title="Label : NumberOfReportableOperatingSegments to label_NumberOfReportableOperatingSegments_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AdditionalAmortizationExpenses" xlink:label="AdditionalAmortizationExpenses" xlink:title="AdditionalAmortizationExpenses" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalAmortizationExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalAmortizationExpenses" xml:lang="en-US" id="label_AdditionalAmortizationExpenses">Additional amortization expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalAmortizationExpenses" xlink:to="label_AdditionalAmortizationExpenses" xlink:title="Label : AdditionalAmortizationExpenses to label_AdditionalAmortizationExpenses" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalAmortizationExpenses_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionalAmortizationExpenses_1" xml:lang="en-US" id="label_AdditionalAmortizationExpenses_1">The amount of additional amortization expenses arising from re-estimation of assets useful lives, performed in accordance with IAS 38.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalAmortizationExpenses" xlink:to="label_AdditionalAmortizationExpenses_1" xlink:title="Label : AdditionalAmortizationExpenses to label_AdditionalAmortizationExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalAmortizationExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalAmortizationExpenses_2" xml:lang="en-US" id="label_AdditionalAmortizationExpenses_2">Additional amortization expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalAmortizationExpenses" xlink:to="label_AdditionalAmortizationExpenses_2" xlink:title="Label : AdditionalAmortizationExpenses to label_AdditionalAmortizationExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FinitelivedIntangibleAssetUsefulLife" xlink:label="FinitelivedIntangibleAssetUsefulLife" xlink:title="FinitelivedIntangibleAssetUsefulLife" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetUsefulLife" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinitelivedIntangibleAssetUsefulLife" xml:lang="en-US" id="label_FinitelivedIntangibleAssetUsefulLife">Finite lived intangible asset useful life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetUsefulLife" xlink:to="label_FinitelivedIntangibleAssetUsefulLife" xlink:title="Label : FinitelivedIntangibleAssetUsefulLife to label_FinitelivedIntangibleAssetUsefulLife" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetUsefulLife_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinitelivedIntangibleAssetUsefulLife_1" xml:lang="en-US" id="label_FinitelivedIntangibleAssetUsefulLife_1">Finite-lived intangible asset, useful life (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetUsefulLife" xlink:to="label_FinitelivedIntangibleAssetUsefulLife_1" xlink:title="Label : FinitelivedIntangibleAssetUsefulLife to label_FinitelivedIntangibleAssetUsefulLife_1" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetUsefulLife_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinitelivedIntangibleAssetUsefulLife_2" xml:lang="en-US" id="label_FinitelivedIntangibleAssetUsefulLife_2">Represents the useful life of finite-lived intangible assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetUsefulLife" xlink:to="label_FinitelivedIntangibleAssetUsefulLife_2" xlink:title="Label : FinitelivedIntangibleAssetUsefulLife to label_FinitelivedIntangibleAssetUsefulLife_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ResearchAndDevelopmentExpense" xlink:label="ResearchAndDevelopmentExpense" xlink:title="ResearchAndDevelopmentExpense" />
    <link:label xlink:type="resource" xlink:label="label_ResearchAndDevelopmentExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ResearchAndDevelopmentExpense" xml:lang="en-US" id="label_ResearchAndDevelopmentExpense">ifrs-full_ResearchAndDevelopmentExpense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResearchAndDevelopmentExpense" xlink:to="label_ResearchAndDevelopmentExpense" xlink:title="Label : ResearchAndDevelopmentExpense to label_ResearchAndDevelopmentExpense" />
    <link:label xlink:type="resource" xlink:label="label_ResearchAndDevelopmentExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ResearchAndDevelopmentExpense_1" xml:lang="en-US" id="label_ResearchAndDevelopmentExpense_1">Research and development expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ResearchAndDevelopmentExpense" xlink:to="label_ResearchAndDevelopmentExpense_1" xlink:title="Label : ResearchAndDevelopmentExpense to label_ResearchAndDevelopmentExpense_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019" xlink:label="RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019" xlink:title="RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019" />
    <link:label xlink:type="resource" xlink:label="label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019" xml:lang="en-US" id="label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019">ifrs-full_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019" xlink:to="label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019" xlink:title="Label : RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019 to label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019" />
    <link:label xlink:type="resource" xlink:label="label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019_1" xml:lang="en-US" id="label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019_1">Remaining amortisation period of intangible assets material to entity (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019" xlink:to="label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019_1" xlink:title="Label : RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019 to label_RemainingAmortisationPeriodOfIntangibleAssetsMaterialToEntity2019_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:label="SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:title="SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets">Amortization of intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:to="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:title="Label : SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets to label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_1">Amount of amortization of intangible assets attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:to="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets to label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_2">Selling general and administrative expenses amortization of intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:to="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets to label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_3" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_3">Selling, general and administrative expenses, amortization of intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" xlink:to="label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_3" xlink:title="Label : SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets to label_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FinitelivedIntangibleAssetResidualValue" xlink:label="FinitelivedIntangibleAssetResidualValue" xlink:title="FinitelivedIntangibleAssetResidualValue" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetResidualValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinitelivedIntangibleAssetResidualValue" xml:lang="en-US" id="label_FinitelivedIntangibleAssetResidualValue">Finite lived intangible asset residual value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetResidualValue" xlink:to="label_FinitelivedIntangibleAssetResidualValue" xlink:title="Label : FinitelivedIntangibleAssetResidualValue to label_FinitelivedIntangibleAssetResidualValue" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetResidualValue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinitelivedIntangibleAssetResidualValue_1" xml:lang="en-US" id="label_FinitelivedIntangibleAssetResidualValue_1">Finite-lived intangible asset, residual value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetResidualValue" xlink:to="label_FinitelivedIntangibleAssetResidualValue_1" xlink:title="Label : FinitelivedIntangibleAssetResidualValue to label_FinitelivedIntangibleAssetResidualValue_1" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetResidualValue_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinitelivedIntangibleAssetResidualValue_2" xml:lang="en-US" id="label_FinitelivedIntangibleAssetResidualValue_2">Represents the aggregate expected value at the end of their useful life of a finite-lived intangible asset.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetResidualValue" xlink:to="label_FinitelivedIntangibleAssetResidualValue_2" xlink:title="Label : FinitelivedIntangibleAssetResidualValue to label_FinitelivedIntangibleAssetResidualValue_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FinitelivedIntangibleAssetResidualUsefulLife" xlink:label="FinitelivedIntangibleAssetResidualUsefulLife" xlink:title="FinitelivedIntangibleAssetResidualUsefulLife" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetResidualUsefulLife" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinitelivedIntangibleAssetResidualUsefulLife" xml:lang="en-US" id="label_FinitelivedIntangibleAssetResidualUsefulLife">Finite lived intangible asset residual useful life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetResidualUsefulLife" xlink:to="label_FinitelivedIntangibleAssetResidualUsefulLife" xlink:title="Label : FinitelivedIntangibleAssetResidualUsefulLife to label_FinitelivedIntangibleAssetResidualUsefulLife" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetResidualUsefulLife_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinitelivedIntangibleAssetResidualUsefulLife_1" xml:lang="en-US" id="label_FinitelivedIntangibleAssetResidualUsefulLife_1">Finite-lived intangible asset, residual useful life (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetResidualUsefulLife" xlink:to="label_FinitelivedIntangibleAssetResidualUsefulLife_1" xlink:title="Label : FinitelivedIntangibleAssetResidualUsefulLife to label_FinitelivedIntangibleAssetResidualUsefulLife_1" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetResidualUsefulLife_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinitelivedIntangibleAssetResidualUsefulLife_2" xml:lang="en-US" id="label_FinitelivedIntangibleAssetResidualUsefulLife_2">Represents the residual useful life of a finite-lived intangible asset.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetResidualUsefulLife" xlink:to="label_FinitelivedIntangibleAssetResidualUsefulLife_2" xlink:title="Label : FinitelivedIntangibleAssetResidualUsefulLife to label_FinitelivedIntangibleAssetResidualUsefulLife_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:label="DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:title="DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xml:lang="en-US" id="label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse">ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:to="label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:title="Label : DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse to label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_1" xml:lang="en-US" id="label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_1">Discount rate used in current estimate of value in use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse" xlink:to="label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_1" xlink:title="Label : DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse to label_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:label="AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:title="AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" />
    <link:label xlink:type="resource" xlink:label="label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xml:lang="en-US" id="label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount">ifrs-full_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:to="label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:title="Label : AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount to label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" />
    <link:label xlink:type="resource" xlink:label="label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_1" xml:lang="en-US" id="label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_1">Amount by which unit's recoverable amount exceeds its carrying amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount" xlink:to="label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_1" xlink:title="Label : AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount to label_AmountByWhichUnitsRecoverableAmountExceedsItsCarryingAmount_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="NumberOfSharesOutstanding" xlink:title="NumberOfSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfSharesOutstanding" xml:lang="en-US" id="label_NumberOfSharesOutstanding">ifrs-full_NumberOfSharesOutstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesOutstanding" xlink:to="label_NumberOfSharesOutstanding" xlink:title="Label : NumberOfSharesOutstanding to label_NumberOfSharesOutstanding" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesOutstanding_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesOutstanding_1" xml:lang="en-US" id="label_NumberOfSharesOutstanding_1">Number of shares outstanding at end of period (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesOutstanding" xlink:to="label_NumberOfSharesOutstanding_1" xlink:title="Label : NumberOfSharesOutstanding to label_NumberOfSharesOutstanding_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NumberOfVotesPerShare" xlink:label="NumberOfVotesPerShare" xlink:title="NumberOfVotesPerShare" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfVotesPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfVotesPerShare" xml:lang="en-US" id="label_NumberOfVotesPerShare">Number of votes per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVotesPerShare" xlink:to="label_NumberOfVotesPerShare" xlink:title="Label : NumberOfVotesPerShare to label_NumberOfVotesPerShare" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfVotesPerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfVotesPerShare_1" xml:lang="en-US" id="label_NumberOfVotesPerShare_1">Number of votes, per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVotesPerShare" xlink:to="label_NumberOfVotesPerShare_1" xlink:title="Label : NumberOfVotesPerShare to label_NumberOfVotesPerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfVotesPerShare_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfVotesPerShare_2" xml:lang="en-US" id="label_NumberOfVotesPerShare_2">Represents the number of votes given to each share of stock.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfVotesPerShare" xlink:to="label_NumberOfVotesPerShare_2" xlink:title="Label : NumberOfVotesPerShare to label_NumberOfVotesPerShare_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:label="LiabilityAssetOfDefinedBenefitPlans" xlink:title="LiabilityAssetOfDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilityAssetOfDefinedBenefitPlans" xml:lang="en-US" id="label_LiabilityAssetOfDefinedBenefitPlans">ifrs-full_LiabilityAssetOfDefinedBenefitPlans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityAssetOfDefinedBenefitPlans" xlink:to="label_LiabilityAssetOfDefinedBenefitPlans" xlink:title="Label : LiabilityAssetOfDefinedBenefitPlans to label_LiabilityAssetOfDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityAssetOfDefinedBenefitPlans_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiabilityAssetOfDefinedBenefitPlans_1" xml:lang="en-US" id="label_LiabilityAssetOfDefinedBenefitPlans_1">Net defined benefit liability (asset) at end of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityAssetOfDefinedBenefitPlans" xlink:to="label_LiabilityAssetOfDefinedBenefitPlans_1" xlink:title="Label : LiabilityAssetOfDefinedBenefitPlans to label_LiabilityAssetOfDefinedBenefitPlans_1" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityAssetOfDefinedBenefitPlans_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_LiabilityAssetOfDefinedBenefitPlans_2" xml:lang="en-US" id="label_LiabilityAssetOfDefinedBenefitPlans_2">Values at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityAssetOfDefinedBenefitPlans" xlink:to="label_LiabilityAssetOfDefinedBenefitPlans_2" xlink:title="Label : LiabilityAssetOfDefinedBenefitPlans to label_LiabilityAssetOfDefinedBenefitPlans_2" />
    <link:label xlink:type="resource" xlink:label="label_LiabilityAssetOfDefinedBenefitPlans_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_LiabilityAssetOfDefinedBenefitPlans_3" xml:lang="en-US" id="label_LiabilityAssetOfDefinedBenefitPlans_3">At the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilityAssetOfDefinedBenefitPlans" xlink:to="label_LiabilityAssetOfDefinedBenefitPlans_3" xlink:title="Label : LiabilityAssetOfDefinedBenefitPlans to label_LiabilityAssetOfDefinedBenefitPlans_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:label="NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:title="NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" />
    <link:label xlink:type="resource" xlink:label="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xml:lang="en-US" id="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod">Net defined contribution plan liability asset at end of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:to="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:title="Label : NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod to label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" />
    <link:label xlink:type="resource" xlink:label="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_1" xml:lang="en-US" id="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_1">Net defined contribution plan liability (asset) at end of period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:to="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_1" xlink:title="Label : NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod to label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_2" xml:lang="en-US" id="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_2">The amount of deficit or surplus in a defined contribution plan, adjusted for any effect of limiting a net defined contribution asset to the asset ceiling.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" xlink:to="label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_2" xlink:title="Label : NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod to label_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EmployeeBenefitsUnitVestingPeriod" xlink:label="EmployeeBenefitsUnitVestingPeriod" xlink:title="EmployeeBenefitsUnitVestingPeriod" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsUnitVestingPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmployeeBenefitsUnitVestingPeriod" xml:lang="en-US" id="label_EmployeeBenefitsUnitVestingPeriod">Employee benefits unit vesting period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsUnitVestingPeriod" xlink:to="label_EmployeeBenefitsUnitVestingPeriod" xlink:title="Label : EmployeeBenefitsUnitVestingPeriod to label_EmployeeBenefitsUnitVestingPeriod" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsUnitVestingPeriod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmployeeBenefitsUnitVestingPeriod_1" xml:lang="en-US" id="label_EmployeeBenefitsUnitVestingPeriod_1">Employee benefits, unit vesting period (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsUnitVestingPeriod" xlink:to="label_EmployeeBenefitsUnitVestingPeriod_1" xlink:title="Label : EmployeeBenefitsUnitVestingPeriod to label_EmployeeBenefitsUnitVestingPeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsUnitVestingPeriod_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EmployeeBenefitsUnitVestingPeriod_2" xml:lang="en-US" id="label_EmployeeBenefitsUnitVestingPeriod_2">Represents the period that units under an employee retention and long term incentive program vest ratably.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsUnitVestingPeriod" xlink:to="label_EmployeeBenefitsUnitVestingPeriod_2" xlink:title="Label : EmployeeBenefitsUnitVestingPeriod to label_EmployeeBenefitsUnitVestingPeriod_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EmployeeBenefitsCompanyRedemptionPeriod" xlink:label="EmployeeBenefitsCompanyRedemptionPeriod" xlink:title="EmployeeBenefitsCompanyRedemptionPeriod" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsCompanyRedemptionPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmployeeBenefitsCompanyRedemptionPeriod" xml:lang="en-US" id="label_EmployeeBenefitsCompanyRedemptionPeriod">Employee benefits company redemption period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsCompanyRedemptionPeriod" xlink:to="label_EmployeeBenefitsCompanyRedemptionPeriod" xlink:title="Label : EmployeeBenefitsCompanyRedemptionPeriod to label_EmployeeBenefitsCompanyRedemptionPeriod" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsCompanyRedemptionPeriod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmployeeBenefitsCompanyRedemptionPeriod_1" xml:lang="en-US" id="label_EmployeeBenefitsCompanyRedemptionPeriod_1">Employee benefits, company redemption period (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsCompanyRedemptionPeriod" xlink:to="label_EmployeeBenefitsCompanyRedemptionPeriod_1" xlink:title="Label : EmployeeBenefitsCompanyRedemptionPeriod to label_EmployeeBenefitsCompanyRedemptionPeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsCompanyRedemptionPeriod_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EmployeeBenefitsCompanyRedemptionPeriod_2" xml:lang="en-US" id="label_EmployeeBenefitsCompanyRedemptionPeriod_2">Represents the period at which the company will redeem units granted under the employee retention and long term inventive program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsCompanyRedemptionPeriod" xlink:to="label_EmployeeBenefitsCompanyRedemptionPeriod_2" xlink:title="Label : EmployeeBenefitsCompanyRedemptionPeriod to label_EmployeeBenefitsCompanyRedemptionPeriod_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EmployeeBenefitsEarlyRedemptionPeriod" xlink:label="EmployeeBenefitsEarlyRedemptionPeriod" xlink:title="EmployeeBenefitsEarlyRedemptionPeriod" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsEarlyRedemptionPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EmployeeBenefitsEarlyRedemptionPeriod" xml:lang="en-US" id="label_EmployeeBenefitsEarlyRedemptionPeriod">Represents the period that the company may exercise an option to for early redemption of units granted under the employee retention and long term incentive program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsEarlyRedemptionPeriod" xlink:to="label_EmployeeBenefitsEarlyRedemptionPeriod" xlink:title="Label : EmployeeBenefitsEarlyRedemptionPeriod to label_EmployeeBenefitsEarlyRedemptionPeriod" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsEarlyRedemptionPeriod_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmployeeBenefitsEarlyRedemptionPeriod_1" xml:lang="en-US" id="label_EmployeeBenefitsEarlyRedemptionPeriod_1">Employee benefits early redemption period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsEarlyRedemptionPeriod" xlink:to="label_EmployeeBenefitsEarlyRedemptionPeriod_1" xlink:title="Label : EmployeeBenefitsEarlyRedemptionPeriod to label_EmployeeBenefitsEarlyRedemptionPeriod_1" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsEarlyRedemptionPeriod_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmployeeBenefitsEarlyRedemptionPeriod_2" xml:lang="en-US" id="label_EmployeeBenefitsEarlyRedemptionPeriod_2">Employee benefits, early redemption period (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsEarlyRedemptionPeriod" xlink:to="label_EmployeeBenefitsEarlyRedemptionPeriod_2" xlink:title="Label : EmployeeBenefitsEarlyRedemptionPeriod to label_EmployeeBenefitsEarlyRedemptionPeriod_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CarryingValueOfUnitsGranted" xlink:label="CarryingValueOfUnitsGranted" xlink:title="CarryingValueOfUnitsGranted" />
    <link:label xlink:type="resource" xlink:label="label_CarryingValueOfUnitsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingValueOfUnitsGranted" xml:lang="en-US" id="label_CarryingValueOfUnitsGranted">Carrying value of units granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingValueOfUnitsGranted" xlink:to="label_CarryingValueOfUnitsGranted" xlink:title="Label : CarryingValueOfUnitsGranted to label_CarryingValueOfUnitsGranted" />
    <link:label xlink:type="resource" xlink:label="label_CarryingValueOfUnitsGranted_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CarryingValueOfUnitsGranted_1" xml:lang="en-US" id="label_CarryingValueOfUnitsGranted_1">Carrying value of units granted</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingValueOfUnitsGranted" xlink:to="label_CarryingValueOfUnitsGranted_1" xlink:title="Label : CarryingValueOfUnitsGranted to label_CarryingValueOfUnitsGranted_1" />
    <link:label xlink:type="resource" xlink:label="label_CarryingValueOfUnitsGranted_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CarryingValueOfUnitsGranted_2" xml:lang="en-US" id="label_CarryingValueOfUnitsGranted_2">Represents the carrying value of units granted to date under the employee retention and long term incentive program.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingValueOfUnitsGranted" xlink:to="label_CarryingValueOfUnitsGranted_2" xlink:title="Label : CarryingValueOfUnitsGranted to label_CarryingValueOfUnitsGranted_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:label="DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:title="DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" />
    <link:label xlink:type="resource" xlink:label="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xml:lang="en-US" id="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares">ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:title="Label : DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares to label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" />
    <link:label xlink:type="resource" xlink:label="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1" xml:lang="en-US" id="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1">Dilutive effect of share options on number of ordinary shares (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1" xlink:title="Label : DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares to label_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentageOfVotingRightsHeldInUnconsolidatedEntities" xlink:label="PercentageOfVotingRightsHeldInUnconsolidatedEntities" xlink:title="PercentageOfVotingRightsHeldInUnconsolidatedEntities" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities" xml:lang="en-US" id="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities">Percentage of voting rights held in unconsolidated entities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingRightsHeldInUnconsolidatedEntities" xlink:to="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities" xlink:title="Label : PercentageOfVotingRightsHeldInUnconsolidatedEntities to label_PercentageOfVotingRightsHeldInUnconsolidatedEntities" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_1" xml:lang="en-US" id="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_1">Percentage of voting rights held in unconsolidated entities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingRightsHeldInUnconsolidatedEntities" xlink:to="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_1" xlink:title="Label : PercentageOfVotingRightsHeldInUnconsolidatedEntities to label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_2" xml:lang="en-US" id="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_2">The percentage of voting rights held in unconsolidated entities in which reporting entity has significant influence but not control.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingRightsHeldInUnconsolidatedEntities" xlink:to="label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_2" xlink:title="Label : PercentageOfVotingRightsHeldInUnconsolidatedEntities to label_PercentageOfVotingRightsHeldInUnconsolidatedEntities_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PeriodOfLeaseTermOfShortTermLeases" xlink:label="PeriodOfLeaseTermOfShortTermLeases" xlink:title="PeriodOfLeaseTermOfShortTermLeases" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfLeaseTermOfShortTermLeases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOfLeaseTermOfShortTermLeases" xml:lang="en-US" id="label_PeriodOfLeaseTermOfShortTermLeases">Period of lease term of short-term leases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfLeaseTermOfShortTermLeases" xlink:to="label_PeriodOfLeaseTermOfShortTermLeases" xlink:title="Label : PeriodOfLeaseTermOfShortTermLeases to label_PeriodOfLeaseTermOfShortTermLeases" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfLeaseTermOfShortTermLeases_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOfLeaseTermOfShortTermLeases_1" xml:lang="en-US" id="label_PeriodOfLeaseTermOfShortTermLeases_1">Period of lease term of short-term leases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfLeaseTermOfShortTermLeases" xlink:to="label_PeriodOfLeaseTermOfShortTermLeases_1" xlink:title="Label : PeriodOfLeaseTermOfShortTermLeases to label_PeriodOfLeaseTermOfShortTermLeases_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOfLeaseTermOfShortTermLeases_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOfLeaseTermOfShortTermLeases_2" xml:lang="en-US" id="label_PeriodOfLeaseTermOfShortTermLeases_2">The period of lease term of short-term leases upon lease contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOfLeaseTermOfShortTermLeases" xlink:to="label_PeriodOfLeaseTermOfShortTermLeases_2" xlink:title="Label : PeriodOfLeaseTermOfShortTermLeases to label_PeriodOfLeaseTermOfShortTermLeases_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForecastPeriodOfCashFlowProjections" xlink:label="ForecastPeriodOfCashFlowProjections" xlink:title="ForecastPeriodOfCashFlowProjections" />
    <link:label xlink:type="resource" xlink:label="label_ForecastPeriodOfCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForecastPeriodOfCashFlowProjections" xml:lang="en-US" id="label_ForecastPeriodOfCashFlowProjections">The forecast period of cash flow projections used in cash-generating units.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForecastPeriodOfCashFlowProjections" xlink:to="label_ForecastPeriodOfCashFlowProjections" xlink:title="Label : ForecastPeriodOfCashFlowProjections to label_ForecastPeriodOfCashFlowProjections" />
    <link:label xlink:type="resource" xlink:label="label_ForecastPeriodOfCashFlowProjections_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForecastPeriodOfCashFlowProjections_1" xml:lang="en-US" id="label_ForecastPeriodOfCashFlowProjections_1">Forecast period of cash flow projections</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForecastPeriodOfCashFlowProjections" xlink:to="label_ForecastPeriodOfCashFlowProjections_1" xlink:title="Label : ForecastPeriodOfCashFlowProjections to label_ForecastPeriodOfCashFlowProjections_1" />
    <link:label xlink:type="resource" xlink:label="label_ForecastPeriodOfCashFlowProjections_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForecastPeriodOfCashFlowProjections_2" xml:lang="en-US" id="label_ForecastPeriodOfCashFlowProjections_2">Forecast period of cash flow projections</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForecastPeriodOfCashFlowProjections" xlink:to="label_ForecastPeriodOfCashFlowProjections_2" xlink:title="Label : ForecastPeriodOfCashFlowProjections to label_ForecastPeriodOfCashFlowProjections_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:label="DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:title="DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xml:lang="en-US" id="label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections">Growth rate used to extrapolate cash flow projections</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:to="label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:title="Label : DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections to label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" />
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_1" xml:lang="en-US" id="label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_1">Nominal growth rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:to="label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_1" xlink:title="Label : DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections to label_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" xlink:label="MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" xlink:title="MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" />
    <link:label xlink:type="resource" xlink:label="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" xml:lang="en-US" id="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature">Maximum maturity period of fair value through other comprehensive income instruments for short-term nature</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" xlink:to="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" xlink:title="Label : MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature to label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" />
    <link:label xlink:type="resource" xlink:label="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_1" xml:lang="en-US" id="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_1">Maximum maturity period of fair value through other comprehensive income instruments for short-term nature</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" xlink:to="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_1" xlink:title="Label : MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature to label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_1" />
    <link:label xlink:type="resource" xlink:label="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_2" xml:lang="en-US" id="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_2">The maximum maturity period of financial assets at fair value through other comprehensive income (&#x201C;FVOCI&#x201D;) instruments for short-term nature.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" xlink:to="label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_2" xlink:title="Label : MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature to label_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:label="DisclosureOfPropertyPlantAndEquipmentTable" xlink:title="DisclosureOfPropertyPlantAndEquipmentTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyPlantAndEquipmentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPropertyPlantAndEquipmentTable" xml:lang="en-US" id="label_DisclosureOfPropertyPlantAndEquipmentTable">Disclosure of detailed information about property, plant and equipment [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyPlantAndEquipmentTable" xlink:to="label_DisclosureOfPropertyPlantAndEquipmentTable" xlink:title="Label : DisclosureOfPropertyPlantAndEquipmentTable to label_DisclosureOfPropertyPlantAndEquipmentTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="ClassesOfPropertyPlantAndEquipmentAxis" xlink:title="ClassesOfPropertyPlantAndEquipmentAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfPropertyPlantAndEquipmentAxis" xml:lang="en-US" id="label_ClassesOfPropertyPlantAndEquipmentAxis">Classes of property, plant and equipment [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="label_ClassesOfPropertyPlantAndEquipmentAxis" xlink:title="Label : ClassesOfPropertyPlantAndEquipmentAxis to label_ClassesOfPropertyPlantAndEquipmentAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="PropertyPlantAndEquipmentMember" xlink:title="PropertyPlantAndEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentMember" xml:lang="en-US" id="label_PropertyPlantAndEquipmentMember">Property, plant and equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentMember" xlink:to="label_PropertyPlantAndEquipmentMember" xlink:title="Label : PropertyPlantAndEquipmentMember to label_PropertyPlantAndEquipmentMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_BuildingsAndImprovementsMember" xlink:label="BuildingsAndImprovementsMember" xlink:title="BuildingsAndImprovementsMember" />
    <link:label xlink:type="resource" xlink:label="label_BuildingsAndImprovementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BuildingsAndImprovementsMember" xml:lang="en-US" id="label_BuildingsAndImprovementsMember">Buildings and improvements [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BuildingsAndImprovementsMember" xlink:to="label_BuildingsAndImprovementsMember" xlink:title="Label : BuildingsAndImprovementsMember to label_BuildingsAndImprovementsMember" />
    <link:label xlink:type="resource" xlink:label="label_BuildingsAndImprovementsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BuildingsAndImprovementsMember_1" xml:lang="en-US" id="label_BuildingsAndImprovementsMember_1">This member stands for a class of property, plant and equipment representing buildings and equipment held by the entity for use in operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BuildingsAndImprovementsMember" xlink:to="label_BuildingsAndImprovementsMember_1" xlink:title="Label : BuildingsAndImprovementsMember to label_BuildingsAndImprovementsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PlantAndProductionEquipmentMember" xlink:label="PlantAndProductionEquipmentMember" xlink:title="PlantAndProductionEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_PlantAndProductionEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PlantAndProductionEquipmentMember" xml:lang="en-US" id="label_PlantAndProductionEquipmentMember">Plant and production equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PlantAndProductionEquipmentMember" xlink:to="label_PlantAndProductionEquipmentMember" xlink:title="Label : PlantAndProductionEquipmentMember to label_PlantAndProductionEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_PlantAndProductionEquipmentMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PlantAndProductionEquipmentMember_1" xml:lang="en-US" id="label_PlantAndProductionEquipmentMember_1">This member stands for a class of property, plant and equipment representing plant and production equipment used in operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PlantAndProductionEquipmentMember" xlink:to="label_PlantAndProductionEquipmentMember_1" xlink:title="Label : PlantAndProductionEquipmentMember to label_PlantAndProductionEquipmentMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xlink:label="VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xlink:title="VehiclesFurnitureAndFixturesAndOtherEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xml:lang="en-US" id="label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember">Vehicles, furniture and fixtures, and other equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xlink:to="label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xlink:title="Label : VehiclesFurnitureAndFixturesAndOtherEquipmentMember to label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember_1" xml:lang="en-US" id="label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember_1">This member stands for a class of property, plant and equipment representing vehicles, furniture and fixtures, and other equipment held by the entity for use in operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VehiclesFurnitureAndFixturesAndOtherEquipmentMember" xlink:to="label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember_1" xlink:title="Label : VehiclesFurnitureAndFixturesAndOtherEquipmentMember to label_VehiclesFurnitureAndFixturesAndOtherEquipmentMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:label="DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:title="DisclosureOfPropertyPlantAndEquipmentLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfPropertyPlantAndEquipmentLineItems" xml:lang="en-US" id="label_DisclosureOfPropertyPlantAndEquipmentLineItems">Disclosure of detailed information about property, plant and equipment [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:to="label_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:title="Label : DisclosureOfPropertyPlantAndEquipmentLineItems to label_DisclosureOfPropertyPlantAndEquipmentLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:label="UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:title="UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xml:lang="en-US" id="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment">Useful life measured as period of time, property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:title="Label : UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment to label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_1" xml:lang="en-US" id="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_1">Property, plant and equipment (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_1" xlink:title="Label : UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment to label_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AdditionalDepreciationExpenses" xlink:label="AdditionalDepreciationExpenses" xlink:title="AdditionalDepreciationExpenses" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDepreciationExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalDepreciationExpenses" xml:lang="en-US" id="label_AdditionalDepreciationExpenses">Additional depreciation expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDepreciationExpenses" xlink:to="label_AdditionalDepreciationExpenses" xlink:title="Label : AdditionalDepreciationExpenses to label_AdditionalDepreciationExpenses" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDepreciationExpenses_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionalDepreciationExpenses_1" xml:lang="en-US" id="label_AdditionalDepreciationExpenses_1">The amount of additional depreciation expenses arising from re-estimation of assets useful lives, performed in accordance with IAS 16.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDepreciationExpenses" xlink:to="label_AdditionalDepreciationExpenses_1" xlink:title="Label : AdditionalDepreciationExpenses to label_AdditionalDepreciationExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalDepreciationExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalDepreciationExpenses_2" xml:lang="en-US" id="label_AdditionalDepreciationExpenses_2">Additional depreciation expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalDepreciationExpenses" xlink:to="label_AdditionalDepreciationExpenses_2" xlink:title="Label : AdditionalDepreciationExpenses to label_AdditionalDepreciationExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:label="DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:title="DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xml:lang="en-US" id="label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:to="label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:title="Label : DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable to label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_UnobservableInputsAxis" xlink:label="UnobservableInputsAxis" xlink:title="UnobservableInputsAxis" />
    <link:label xlink:type="resource" xlink:label="label_UnobservableInputsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnobservableInputsAxis" xml:lang="en-US" id="label_UnobservableInputsAxis">Unobservable inputs [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnobservableInputsAxis" xlink:to="label_UnobservableInputsAxis" xlink:title="Label : UnobservableInputsAxis to label_UnobservableInputsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_UnobservableInputsMember" xlink:label="UnobservableInputsMember" xlink:title="UnobservableInputsMember" />
    <link:label xlink:type="resource" xlink:label="label_UnobservableInputsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnobservableInputsMember" xml:lang="en-US" id="label_UnobservableInputsMember">Unobservable inputs [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnobservableInputsMember" xlink:to="label_UnobservableInputsMember" xlink:title="Label : UnobservableInputsMember to label_UnobservableInputsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DiscountRateMeasurementInputMember" xlink:label="DiscountRateMeasurementInputMember" xlink:title="DiscountRateMeasurementInputMember" />
    <link:label xlink:type="resource" xlink:label="label_DiscountRateMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscountRateMeasurementInputMember" xml:lang="en-US" id="label_DiscountRateMeasurementInputMember">Discount rate, measurement input [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscountRateMeasurementInputMember" xlink:to="label_DiscountRateMeasurementInputMember" xlink:title="Label : DiscountRateMeasurementInputMember to label_DiscountRateMeasurementInputMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_GrowthRateMeasurementInputMember" xlink:label="GrowthRateMeasurementInputMember" xlink:title="GrowthRateMeasurementInputMember" />
    <link:label xlink:type="resource" xlink:label="label_GrowthRateMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrowthRateMeasurementInputMember" xml:lang="en-US" id="label_GrowthRateMeasurementInputMember">Growth rate, measurement input [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrowthRateMeasurementInputMember" xlink:to="label_GrowthRateMeasurementInputMember" xlink:title="Label : GrowthRateMeasurementInputMember to label_GrowthRateMeasurementInputMember" />
    <link:label xlink:type="resource" xlink:label="label_GrowthRateMeasurementInputMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrowthRateMeasurementInputMember_1" xml:lang="en-US" id="label_GrowthRateMeasurementInputMember_1">This member stands for a growth rate used as a measurement input.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrowthRateMeasurementInputMember" xlink:to="label_GrowthRateMeasurementInputMember_1" xlink:title="Label : GrowthRateMeasurementInputMember to label_GrowthRateMeasurementInputMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" xlink:label="ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" xlink:title="ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" />
    <link:label xlink:type="resource" xlink:label="label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" xml:lang="en-US" id="label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember">Projected change rate in future cash flows, measurement input [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" xlink:to="label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" xlink:title="Label : ProjectedChangeRateInFutureCashFlowsMeasurementInputMember to label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" />
    <link:label xlink:type="resource" xlink:label="label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember_1" xml:lang="en-US" id="label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember_1">This member stands for the rate of change in projected cash flows as a measurement input.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" xlink:to="label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember_1" xlink:title="Label : ProjectedChangeRateInFutureCashFlowsMeasurementInputMember to label_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" xlink:label="DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" xlink:title="DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" xml:lang="en-US" id="label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" xlink:to="label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" xlink:title="Label : DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems to label_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" xlink:label="AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" xlink:title="AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" />
    <link:label xlink:type="resource" xlink:label="label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" xml:lang="en-US" id="label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage">Increase (decrease) in key assumption</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" xlink:to="label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" xlink:title="Label : AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage to label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" />
    <link:label xlink:type="resource" xlink:label="label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage_1" xml:lang="en-US" id="label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage_1">The amount by which value that has been assigned to a key assumption must change in order for a unit's recoverable amount to be equal to its carrying amount, expressed as a percentage.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" xlink:to="label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage_1" xlink:title="Label : AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage to label_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable" xlink:label="DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable" xlink:title="DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable" xml:lang="en-US" id="label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable">Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable" xlink:to="label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable" xlink:title="Label : DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable to label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="TypesOfRisksAxis" xlink:title="TypesOfRisksAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfRisksAxis" xml:lang="en-US" id="label_TypesOfRisksAxis">Types of risks [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRisksAxis" xlink:to="label_TypesOfRisksAxis" xlink:title="Label : TypesOfRisksAxis to label_TypesOfRisksAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TypesOfRisksMember" xlink:label="TypesOfRisksMember" xlink:title="TypesOfRisksMember" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfRisksMember" xml:lang="en-US" id="label_TypesOfRisksMember">Risks [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfRisksMember" xlink:to="label_TypesOfRisksMember" xlink:title="Label : TypesOfRisksMember to label_TypesOfRisksMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xlink:label="OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xlink:title="OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xml:lang="en-US" id="label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember">One percent change, Argentine Peso / U.S. dollar foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xlink:title="Label : OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember to label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember_1" xml:lang="en-US" id="label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember_1">Represents a one percent change in Argentine Peso / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember_1" xlink:title="Label : OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember to label_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xlink:label="OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xlink:title="OnePercentChangeEuroUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xml:lang="en-US" id="label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember">One percent change, Euro / U.S. dollar foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xlink:title="Label : OnePercentChangeEuroUsDollarForeignExchangeRiskMember to label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember_1" xml:lang="en-US" id="label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember_1">Represents a one percent change in Euro / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeEuroUsDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember_1" xlink:title="Label : OnePercentChangeEuroUsDollarForeignExchangeRiskMember to label_OnePercentChangeEuroUsDollarForeignExchangeRiskMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" xlink:label="OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" xlink:title="OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" xml:lang="en-US" id="label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember">One percent change, Saudi Arabian Riyal / U.S. dollar foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" xlink:title="Label : OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember to label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember_1" xml:lang="en-US" id="label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember_1">Represents a one percent change in Saudi Arabian Riyal / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember_1" xlink:title="Label : OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember to label_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CustomerConcentrationRisk1Member" xlink:label="CustomerConcentrationRisk1Member" xlink:title="CustomerConcentrationRisk1Member" />
    <link:label xlink:type="resource" xlink:label="label_CustomerConcentrationRisk1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CustomerConcentrationRisk1Member" xml:lang="en-US" id="label_CustomerConcentrationRisk1Member">Customer concentration risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationRisk1Member" xlink:to="label_CustomerConcentrationRisk1Member" xlink:title="Label : CustomerConcentrationRisk1Member to label_CustomerConcentrationRisk1Member" />
    <link:label xlink:type="resource" xlink:label="label_CustomerConcentrationRisk1Member_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CustomerConcentrationRisk1Member_1" xml:lang="en-US" id="label_CustomerConcentrationRisk1Member_1">Reflects the percentage that revenues or credit exposure in the period are from one or more significant customers. The risk is the materially adverse effects of loss of a significant customer.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CustomerConcentrationRisk1Member" xlink:to="label_CustomerConcentrationRisk1Member_1" xlink:title="Label : CustomerConcentrationRisk1Member to label_CustomerConcentrationRisk1Member_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CounterpartyRiskMember" xlink:label="CounterpartyRiskMember" xlink:title="CounterpartyRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_CounterpartyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CounterpartyRiskMember" xml:lang="en-US" id="label_CounterpartyRiskMember">Counterparty risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartyRiskMember" xlink:to="label_CounterpartyRiskMember" xlink:title="Label : CounterpartyRiskMember to label_CounterpartyRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_CounterpartyRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CounterpartyRiskMember_1" xml:lang="en-US" id="label_CounterpartyRiskMember_1">Represents the percentage of financial assets held with counter parties rated as investment grade.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartyRiskMember" xlink:to="label_CounterpartyRiskMember_1" xlink:title="Label : CounterpartyRiskMember to label_CounterpartyRiskMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LiquidityRiskMember" xlink:label="LiquidityRiskMember" xlink:title="LiquidityRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_LiquidityRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiquidityRiskMember" xml:lang="en-US" id="label_LiquidityRiskMember">Liquidity risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidityRiskMember" xlink:to="label_LiquidityRiskMember" xlink:title="Label : LiquidityRiskMember to label_LiquidityRiskMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CommodityPriceRiskMember" xlink:label="CommodityPriceRiskMember" xlink:title="CommodityPriceRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_CommodityPriceRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommodityPriceRiskMember" xml:lang="en-US" id="label_CommodityPriceRiskMember">Commodity price risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommodityPriceRiskMember" xlink:to="label_CommodityPriceRiskMember" xlink:title="Label : CommodityPriceRiskMember to label_CommodityPriceRiskMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_HedgingInstrumentsAxis" xlink:label="HedgingInstrumentsAxis" xlink:title="HedgingInstrumentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgingInstrumentsAxis" xml:lang="en-US" id="label_HedgingInstrumentsAxis">Hedging instruments [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentsAxis" xlink:to="label_HedgingInstrumentsAxis" xlink:title="Label : HedgingInstrumentsAxis to label_HedgingInstrumentsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_HedgingInstrumentsMember" xlink:label="HedgingInstrumentsMember" xlink:title="HedgingInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_HedgingInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgingInstrumentsMember" xml:lang="en-US" id="label_HedgingInstrumentsMember">Hedging instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgingInstrumentsMember" xlink:to="label_HedgingInstrumentsMember" xlink:title="Label : HedgingInstrumentsMember to label_HedgingInstrumentsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeDerivativesContractsMember" xlink:label="ForeignExchangeDerivativesContractsMember" xlink:title="ForeignExchangeDerivativesContractsMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeDerivativesContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeDerivativesContractsMember" xml:lang="en-US" id="label_ForeignExchangeDerivativesContractsMember">Foreign exchange derivatives contracts [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeDerivativesContractsMember" xlink:to="label_ForeignExchangeDerivativesContractsMember" xlink:title="Label : ForeignExchangeDerivativesContractsMember to label_ForeignExchangeDerivativesContractsMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeDerivativesContractsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeDerivativesContractsMember_1" xml:lang="en-US" id="label_ForeignExchangeDerivativesContractsMember_1">Represents foreign exchange derivatives contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeDerivativesContractsMember" xlink:to="label_ForeignExchangeDerivativesContractsMember_1" xlink:title="Label : ForeignExchangeDerivativesContractsMember to label_ForeignExchangeDerivativesContractsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TypesOfInterestRatesAxis" xlink:label="TypesOfInterestRatesAxis" xlink:title="TypesOfInterestRatesAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfInterestRatesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfInterestRatesAxis" xml:lang="en-US" id="label_TypesOfInterestRatesAxis">Types of interest rates [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfInterestRatesAxis" xlink:to="label_TypesOfInterestRatesAxis" xlink:title="Label : TypesOfInterestRatesAxis to label_TypesOfInterestRatesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestRateTypesMember" xlink:label="InterestRateTypesMember" xlink:title="InterestRateTypesMember" />
    <link:label xlink:type="resource" xlink:label="label_InterestRateTypesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestRateTypesMember" xml:lang="en-US" id="label_InterestRateTypesMember">Interest rate types [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateTypesMember" xlink:to="label_InterestRateTypesMember" xlink:title="Label : InterestRateTypesMember to label_InterestRateTypesMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FixedInterestRateMember" xlink:label="FixedInterestRateMember" xlink:title="FixedInterestRateMember" />
    <link:label xlink:type="resource" xlink:label="label_FixedInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedInterestRateMember" xml:lang="en-US" id="label_FixedInterestRateMember">Fixed interest rate [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedInterestRateMember" xlink:to="label_FixedInterestRateMember" xlink:title="Label : FixedInterestRateMember to label_FixedInterestRateMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ClassesOfFinancialInstrumentsAxis" xlink:title="ClassesOfFinancialInstrumentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfFinancialInstrumentsAxis" xml:lang="en-US" id="label_ClassesOfFinancialInstrumentsAxis">Classes of financial instruments [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfFinancialInstrumentsAxis" xlink:to="label_ClassesOfFinancialInstrumentsAxis" xlink:title="Label : ClassesOfFinancialInstrumentsAxis to label_ClassesOfFinancialInstrumentsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:label="ClassesOfFinancialInstrumentsMember" xlink:title="ClassesOfFinancialInstrumentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfFinancialInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfFinancialInstrumentsMember" xml:lang="en-US" id="label_ClassesOfFinancialInstrumentsMember">Financial instruments, class [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfFinancialInstrumentsMember" xlink:to="label_ClassesOfFinancialInstrumentsMember" xlink:title="Label : ClassesOfFinancialInstrumentsMember to label_ClassesOfFinancialInstrumentsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_GuaranteesUnderCreditInsuranceMember" xlink:label="GuaranteesUnderCreditInsuranceMember" xlink:title="GuaranteesUnderCreditInsuranceMember" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteesUnderCreditInsuranceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GuaranteesUnderCreditInsuranceMember" xml:lang="en-US" id="label_GuaranteesUnderCreditInsuranceMember">Guarantees under credit insurance [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteesUnderCreditInsuranceMember" xlink:to="label_GuaranteesUnderCreditInsuranceMember" xlink:title="Label : GuaranteesUnderCreditInsuranceMember to label_GuaranteesUnderCreditInsuranceMember" />
    <link:label xlink:type="resource" xlink:label="label_GuaranteesUnderCreditInsuranceMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GuaranteesUnderCreditInsuranceMember_1" xml:lang="en-US" id="label_GuaranteesUnderCreditInsuranceMember_1">Represents guarantees under credit insurance.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GuaranteesUnderCreditInsuranceMember" xlink:to="label_GuaranteesUnderCreditInsuranceMember_1" xlink:title="Label : GuaranteesUnderCreditInsuranceMember to label_GuaranteesUnderCreditInsuranceMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LetterOfCreditAndOtherBankGuaranteesMember" xlink:label="LetterOfCreditAndOtherBankGuaranteesMember" xlink:title="LetterOfCreditAndOtherBankGuaranteesMember" />
    <link:label xlink:type="resource" xlink:label="label_LetterOfCreditAndOtherBankGuaranteesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LetterOfCreditAndOtherBankGuaranteesMember" xml:lang="en-US" id="label_LetterOfCreditAndOtherBankGuaranteesMember">Letter of credit and other bank guarantees [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LetterOfCreditAndOtherBankGuaranteesMember" xlink:to="label_LetterOfCreditAndOtherBankGuaranteesMember" xlink:title="Label : LetterOfCreditAndOtherBankGuaranteesMember to label_LetterOfCreditAndOtherBankGuaranteesMember" />
    <link:label xlink:type="resource" xlink:label="label_LetterOfCreditAndOtherBankGuaranteesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LetterOfCreditAndOtherBankGuaranteesMember_1" xml:lang="en-US" id="label_LetterOfCreditAndOtherBankGuaranteesMember_1">Represents letter of credit and other bank guarantees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LetterOfCreditAndOtherBankGuaranteesMember" xlink:to="label_LetterOfCreditAndOtherBankGuaranteesMember_1" xlink:title="Label : LetterOfCreditAndOtherBankGuaranteesMember to label_LetterOfCreditAndOtherBankGuaranteesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherGuaranteesMember" xlink:label="OtherGuaranteesMember" xlink:title="OtherGuaranteesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherGuaranteesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherGuaranteesMember" xml:lang="en-US" id="label_OtherGuaranteesMember">Other guarantees [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherGuaranteesMember" xlink:to="label_OtherGuaranteesMember" xlink:title="Label : OtherGuaranteesMember to label_OtherGuaranteesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherGuaranteesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherGuaranteesMember_1" xml:lang="en-US" id="label_OtherGuaranteesMember_1">Represents other guarantees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherGuaranteesMember" xlink:to="label_OtherGuaranteesMember_1" xlink:title="Label : OtherGuaranteesMember to label_OtherGuaranteesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialGuaranteeContractsMember" xlink:label="FinancialGuaranteeContractsMember" xlink:title="FinancialGuaranteeContractsMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialGuaranteeContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialGuaranteeContractsMember" xml:lang="en-US" id="label_FinancialGuaranteeContractsMember">Financial guarantee contracts [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialGuaranteeContractsMember" xlink:to="label_FinancialGuaranteeContractsMember" xlink:title="Label : FinancialGuaranteeContractsMember to label_FinancialGuaranteeContractsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PastDueStatusAxis" xlink:label="PastDueStatusAxis" xlink:title="PastDueStatusAxis" />
    <link:label xlink:type="resource" xlink:label="label_PastDueStatusAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PastDueStatusAxis" xml:lang="en-US" id="label_PastDueStatusAxis">Past due status [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PastDueStatusAxis" xlink:to="label_PastDueStatusAxis" xlink:title="Label : PastDueStatusAxis to label_PastDueStatusAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PastDueStatusMember" xlink:label="PastDueStatusMember" xlink:title="PastDueStatusMember" />
    <link:label xlink:type="resource" xlink:label="label_PastDueStatusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PastDueStatusMember" xml:lang="en-US" id="label_PastDueStatusMember">Past due status [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PastDueStatusMember" xlink:to="label_PastDueStatusMember" xlink:title="Label : PastDueStatusMember to label_PastDueStatusMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PastDueMember" xlink:label="PastDueMember" xlink:title="PastDueMember" />
    <link:label xlink:type="resource" xlink:label="label_PastDueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PastDueMember" xml:lang="en-US" id="label_PastDueMember">Past due [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PastDueMember" xlink:to="label_PastDueMember" xlink:title="Label : PastDueMember to label_PastDueMember" />
    <link:label xlink:type="resource" xlink:label="label_PastDueMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PastDueMember_1" xml:lang="en-US" id="label_PastDueMember_1">Represents a financial instrument which is past due.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PastDueMember" xlink:to="label_PastDueMember_1" xlink:title="Label : PastDueMember to label_PastDueMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ClassesOfProvisionsAxis" xlink:title="ClassesOfProvisionsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfProvisionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfProvisionsAxis" xml:lang="en-US" id="label_ClassesOfProvisionsAxis">Classes of other provisions [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfProvisionsAxis" xlink:to="label_ClassesOfProvisionsAxis" xlink:title="Label : ClassesOfProvisionsAxis to label_ClassesOfProvisionsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherProvisionsMember" xlink:label="OtherProvisionsMember" xlink:title="OtherProvisionsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherProvisionsMember" xml:lang="en-US" id="label_OtherProvisionsMember">Other provisions [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisionsMember" xlink:to="label_OtherProvisionsMember" xlink:title="Label : OtherProvisionsMember to label_OtherProvisionsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AllowanceForDoubtfulAccountsTradeReceivablesMember" xlink:label="AllowanceForDoubtfulAccountsTradeReceivablesMember" xlink:title="AllowanceForDoubtfulAccountsTradeReceivablesMember" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceForDoubtfulAccountsTradeReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceForDoubtfulAccountsTradeReceivablesMember" xml:lang="en-US" id="label_AllowanceForDoubtfulAccountsTradeReceivablesMember">Allowance for doubtful accounts - trade receivables [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForDoubtfulAccountsTradeReceivablesMember" xlink:to="label_AllowanceForDoubtfulAccountsTradeReceivablesMember" xlink:title="Label : AllowanceForDoubtfulAccountsTradeReceivablesMember to label_AllowanceForDoubtfulAccountsTradeReceivablesMember" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceForDoubtfulAccountsTradeReceivablesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllowanceForDoubtfulAccountsTradeReceivablesMember_1" xml:lang="en-US" id="label_AllowanceForDoubtfulAccountsTradeReceivablesMember_1">Represents the allowance for doubtful accounts attributable to trade receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForDoubtfulAccountsTradeReceivablesMember" xlink:to="label_AllowanceForDoubtfulAccountsTradeReceivablesMember_1" xlink:title="Label : AllowanceForDoubtfulAccountsTradeReceivablesMember to label_AllowanceForDoubtfulAccountsTradeReceivablesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_CurrencyAxis" xlink:label="CurrencyAxis" xlink:title="CurrencyAxis" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrencyAxis" xml:lang="en-US" id="label_CurrencyAxis">Currency [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyAxis" xlink:to="label_CurrencyAxis" xlink:title="Label : CurrencyAxis to label_CurrencyAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2022/currency-2022.xsd#currency_AllCurrenciesDomain" xlink:label="AllCurrenciesDomain" xlink:title="AllCurrenciesDomain" />
    <link:label xlink:type="resource" xlink:label="label_AllCurrenciesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllCurrenciesDomain" xml:lang="en-US" id="label_AllCurrenciesDomain">All Currencies [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllCurrenciesDomain" xlink:to="label_AllCurrenciesDomain" xlink:title="Label : AllCurrenciesDomain to label_AllCurrenciesDomain" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2022/currency-2022.xsd#currency_USD" xlink:label="USD" xlink:title="USD" />
    <link:label xlink:type="resource" xlink:label="label_USD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_USD" xml:lang="en-US" id="label_USD">United States of America, Dollars</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USD" xlink:to="label_USD" xlink:title="Label : USD to label_USD" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems" xlink:label="DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems" xlink:title="DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems" xml:lang="en-US" id="label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems">Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems" xlink:to="label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems" xlink:title="Label : DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems to label_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DebtToEquityRatio" xlink:label="DebtToEquityRatio" xlink:title="DebtToEquityRatio" />
    <link:label xlink:type="resource" xlink:label="label_DebtToEquityRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtToEquityRatio" xml:lang="en-US" id="label_DebtToEquityRatio">Debt to equity ratio</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtToEquityRatio" xlink:to="label_DebtToEquityRatio" xlink:title="Label : DebtToEquityRatio to label_DebtToEquityRatio" />
    <link:label xlink:type="resource" xlink:label="label_DebtToEquityRatio_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtToEquityRatio_1" xml:lang="en-US" id="label_DebtToEquityRatio_1">Debt to equity ratio (as a ratio)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtToEquityRatio" xlink:to="label_DebtToEquityRatio_1" xlink:title="Label : DebtToEquityRatio to label_DebtToEquityRatio_1" />
    <link:label xlink:type="resource" xlink:label="label_DebtToEquityRatio_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtToEquityRatio_2" xml:lang="en-US" id="label_DebtToEquityRatio_2">The year-end ratio of debt to total equity (where &#x201C;debt&#x201D; comprises financial borrowings and &#x201C;total equity&#x201D; is the sum of financial borrowings and equity).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtToEquityRatio" xlink:to="label_DebtToEquityRatio_2" xlink:title="Label : DebtToEquityRatio to label_DebtToEquityRatio_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeRiskCurrencyExposure" xlink:label="ForeignExchangeRiskCurrencyExposure" xlink:title="ForeignExchangeRiskCurrencyExposure" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeRiskCurrencyExposure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeRiskCurrencyExposure" xml:lang="en-US" id="label_ForeignExchangeRiskCurrencyExposure">The amount of currency exposure which impact profit and loss expressed as long/(short).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeRiskCurrencyExposure" xlink:to="label_ForeignExchangeRiskCurrencyExposure" xlink:title="Label : ForeignExchangeRiskCurrencyExposure to label_ForeignExchangeRiskCurrencyExposure" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeRiskCurrencyExposure_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignExchangeRiskCurrencyExposure_1" xml:lang="en-US" id="label_ForeignExchangeRiskCurrencyExposure_1">Foreign exchange risk, currency exposure</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeRiskCurrencyExposure" xlink:to="label_ForeignExchangeRiskCurrencyExposure_1" xlink:title="Label : ForeignExchangeRiskCurrencyExposure to label_ForeignExchangeRiskCurrencyExposure_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeRiskCurrencyExposure_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeRiskCurrencyExposure_2" xml:lang="en-US" id="label_ForeignExchangeRiskCurrencyExposure_2">Currency exposure / functional currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeRiskCurrencyExposure" xlink:to="label_ForeignExchangeRiskCurrencyExposure_2" xlink:title="Label : ForeignExchangeRiskCurrencyExposure to label_ForeignExchangeRiskCurrencyExposure_2" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeRiskCurrencyExposure_3" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ForeignExchangeRiskCurrencyExposure_3" xml:lang="en-US" id="label_ForeignExchangeRiskCurrencyExposure_3">Currency exposure / functional currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeRiskCurrencyExposure" xlink:to="label_ForeignExchangeRiskCurrencyExposure_3" xlink:title="Label : ForeignExchangeRiskCurrencyExposure to label_ForeignExchangeRiskCurrencyExposure_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:label="ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:title="ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xml:lang="en-US" id="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax">Reserve of exchange differences on translation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:title="Label : ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax to label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_1" xml:lang="en-US" id="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_1">Reclassification adjustments on exchange differences on translation of foreign operations, before tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_1" xlink:title="Label : ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax to label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Borrowings" xlink:label="Borrowings" xlink:title="Borrowings" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_Borrowings" xml:lang="en-US" id="label_Borrowings">Significant borrowings as of closing date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings" xlink:title="Label : Borrowings to label_Borrowings" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Borrowings_1" xml:lang="en-US" id="label_Borrowings_1">Borrowings C and NC</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_1" xlink:title="Label : Borrowings to label_Borrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Borrowings_2" xml:lang="en-US" id="label_Borrowings_2">Total borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_2" xlink:title="Label : Borrowings to label_Borrowings_2" />
    <link:label xlink:type="resource" xlink:label="label_Borrowings_3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_Borrowings_3" xml:lang="en-US" id="label_Borrowings_3">Total Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Borrowings" xlink:to="label_Borrowings_3" xlink:title="Label : Borrowings to label_Borrowings_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShorttermBorrowings" xlink:label="ShorttermBorrowings" xlink:title="ShorttermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShorttermBorrowings" xml:lang="en-US" id="label_ShorttermBorrowings">ifrs-full_ShorttermBorrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermBorrowings" xlink:to="label_ShorttermBorrowings" xlink:title="Label : ShorttermBorrowings to label_ShorttermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShorttermBorrowings_1" xml:lang="en-US" id="label_ShorttermBorrowings_1">Current borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermBorrowings" xlink:to="label_ShorttermBorrowings_1" xlink:title="Label : ShorttermBorrowings to label_ShorttermBorrowings_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:label="LossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:title="LossOnInterestRateRiskIfMarketInterestRatesWereHigher" />
    <link:label xlink:type="resource" xlink:label="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher" xml:lang="en-US" id="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher">Loss on interest rate risk if market interest rates were higher</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:to="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:title="Label : LossOnInterestRateRiskIfMarketInterestRatesWereHigher to label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher" />
    <link:label xlink:type="resource" xlink:label="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_1" xml:lang="en-US" id="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_1">The amount of potential loss on interest rate risk if the market interest rates were higher.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:to="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_1" xlink:title="Label : LossOnInterestRateRiskIfMarketInterestRatesWereHigher to label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CreditExposure" xlink:label="CreditExposure" xlink:title="CreditExposure" />
    <link:label xlink:type="resource" xlink:label="label_CreditExposure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CreditExposure" xml:lang="en-US" id="label_CreditExposure">ifrs-full_CreditExposure</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditExposure" xlink:to="label_CreditExposure" xlink:title="Label : CreditExposure to label_CreditExposure" />
    <link:label xlink:type="resource" xlink:label="label_CreditExposure_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CreditExposure_1" xml:lang="en-US" id="label_CreditExposure_1">Credit exposure</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditExposure" xlink:to="label_CreditExposure_1" xlink:title="Label : CreditExposure to label_CreditExposure_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ExposureInvestmentGradeRatedInstruments" xlink:label="ExposureInvestmentGradeRatedInstruments" xlink:title="ExposureInvestmentGradeRatedInstruments" />
    <link:label xlink:type="resource" xlink:label="label_ExposureInvestmentGradeRatedInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExposureInvestmentGradeRatedInstruments" xml:lang="en-US" id="label_ExposureInvestmentGradeRatedInstruments">Exposure investment grade rated instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureInvestmentGradeRatedInstruments" xlink:to="label_ExposureInvestmentGradeRatedInstruments" xlink:title="Label : ExposureInvestmentGradeRatedInstruments to label_ExposureInvestmentGradeRatedInstruments" />
    <link:label xlink:type="resource" xlink:label="label_ExposureInvestmentGradeRatedInstruments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExposureInvestmentGradeRatedInstruments_1" xml:lang="en-US" id="label_ExposureInvestmentGradeRatedInstruments_1">Exposure investment-grade rated instruments (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureInvestmentGradeRatedInstruments" xlink:to="label_ExposureInvestmentGradeRatedInstruments_1" xlink:title="Label : ExposureInvestmentGradeRatedInstruments to label_ExposureInvestmentGradeRatedInstruments_1" />
    <link:label xlink:type="resource" xlink:label="label_ExposureInvestmentGradeRatedInstruments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExposureInvestmentGradeRatedInstruments_2" xml:lang="en-US" id="label_ExposureInvestmentGradeRatedInstruments_2">The percentage for exposure investment-grade rated Instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureInvestmentGradeRatedInstruments" xlink:to="label_ExposureInvestmentGradeRatedInstruments_2" xlink:title="Label : ExposureInvestmentGradeRatedInstruments to label_ExposureInvestmentGradeRatedInstruments_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ConcentrationRiskPercentage" xlink:label="ConcentrationRiskPercentage" xlink:title="ConcentrationRiskPercentage" />
    <link:label xlink:type="resource" xlink:label="label_ConcentrationRiskPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConcentrationRiskPercentage" xml:lang="en-US" id="label_ConcentrationRiskPercentage">Concentration risk percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConcentrationRiskPercentage" xlink:to="label_ConcentrationRiskPercentage" xlink:title="Label : ConcentrationRiskPercentage to label_ConcentrationRiskPercentage" />
    <link:label xlink:type="resource" xlink:label="label_ConcentrationRiskPercentage_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConcentrationRiskPercentage_1" xml:lang="en-US" id="label_ConcentrationRiskPercentage_1">Concentration risk (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConcentrationRiskPercentage" xlink:to="label_ConcentrationRiskPercentage_1" xlink:title="Label : ConcentrationRiskPercentage to label_ConcentrationRiskPercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_ConcentrationRiskPercentage_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ConcentrationRiskPercentage_2" xml:lang="en-US" id="label_ConcentrationRiskPercentage_2">For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConcentrationRiskPercentage" xlink:to="label_ConcentrationRiskPercentage_2" xlink:title="Label : ConcentrationRiskPercentage to label_ConcentrationRiskPercentage_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LiquidFinancialAssetsPercentage" xlink:label="LiquidFinancialAssetsPercentage" xlink:title="LiquidFinancialAssetsPercentage" />
    <link:label xlink:type="resource" xlink:label="label_LiquidFinancialAssetsPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiquidFinancialAssetsPercentage" xml:lang="en-US" id="label_LiquidFinancialAssetsPercentage">The percentage of assets held that are liquid.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidFinancialAssetsPercentage" xlink:to="label_LiquidFinancialAssetsPercentage" xlink:title="Label : LiquidFinancialAssetsPercentage to label_LiquidFinancialAssetsPercentage" />
    <link:label xlink:type="resource" xlink:label="label_LiquidFinancialAssetsPercentage_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiquidFinancialAssetsPercentage_1" xml:lang="en-US" id="label_LiquidFinancialAssetsPercentage_1">Liquid financial assets (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidFinancialAssetsPercentage" xlink:to="label_LiquidFinancialAssetsPercentage_1" xlink:title="Label : LiquidFinancialAssetsPercentage to label_LiquidFinancialAssetsPercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_LiquidFinancialAssetsPercentage_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiquidFinancialAssetsPercentage_2" xml:lang="en-US" id="label_LiquidFinancialAssetsPercentage_2">Liquid financial assets percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidFinancialAssetsPercentage" xlink:to="label_LiquidFinancialAssetsPercentage_2" xlink:title="Label : LiquidFinancialAssetsPercentage to label_LiquidFinancialAssetsPercentage_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:label="LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:title="LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" />
    <link:label xlink:type="resource" xlink:label="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xml:lang="en-US" id="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency">Liquid financial assets, percentage denominated by a specific currency (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:to="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:title="Label : LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency to label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" />
    <link:label xlink:type="resource" xlink:label="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_1" xml:lang="en-US" id="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_1">Liquid financial assets percentage denominated by a specific currency</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:to="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_1" xlink:title="Label : LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency to label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_1" />
    <link:label xlink:type="resource" xlink:label="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_2" xml:lang="en-US" id="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_2">The percentage of liquid financial assets that are denominated by a specific currency.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" xlink:to="label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_2" xlink:title="Label : LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency to label_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:label="TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:title="TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" />
    <link:label xlink:type="resource" xlink:label="label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xml:lang="en-US" id="label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets">ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:to="label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:title="Label : TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets to label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" />
    <link:label xlink:type="resource" xlink:label="label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets_1" xml:lang="en-US" id="label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets_1">Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:to="label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets_1" xlink:title="Label : TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets to label_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:label="FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:title="FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xml:lang="en-US" id="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue">The percentage of a financial liabilities carrying amount that represents its fair value.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:to="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:title="Label : FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue to label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_1" xml:lang="en-US" id="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_1">Financial liabilities, fair value as a percentage of carrying value (as a percent)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:to="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_1" xlink:title="Label : FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue to label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_2" xml:lang="en-US" id="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_2">Financial liabilities fair value as a percentage of carrying value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" xlink:to="label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_2" xlink:title="Label : FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue to label_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReserveOfCashFlowHedgesContinuingHedges" xlink:label="ReserveOfCashFlowHedgesContinuingHedges" xlink:title="ReserveOfCashFlowHedgesContinuingHedges" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfCashFlowHedgesContinuingHedges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfCashFlowHedgesContinuingHedges" xml:lang="en-US" id="label_ReserveOfCashFlowHedgesContinuingHedges">Hedge accounting reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesContinuingHedges" xlink:to="label_ReserveOfCashFlowHedgesContinuingHedges" xlink:title="Label : ReserveOfCashFlowHedgesContinuingHedges to label_ReserveOfCashFlowHedgesContinuingHedges" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfCashFlowHedgesContinuingHedges_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfCashFlowHedgesContinuingHedges_1" xml:lang="en-US" id="label_ReserveOfCashFlowHedgesContinuingHedges_1">Reserve of cash flow hedges, continuing hedges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesContinuingHedges" xlink:to="label_ReserveOfCashFlowHedgesContinuingHedges_1" xlink:title="Label : ReserveOfCashFlowHedgesContinuingHedges to label_ReserveOfCashFlowHedgesContinuingHedges_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfCashFlowHedgesContinuingHedges_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_ReserveOfCashFlowHedgesContinuingHedges_2" xml:lang="en-US" id="label_ReserveOfCashFlowHedgesContinuingHedges_2">Hedge accounting reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesContinuingHedges" xlink:to="label_ReserveOfCashFlowHedgesContinuingHedges_2" xlink:title="Label : ReserveOfCashFlowHedgesContinuingHedges to label_ReserveOfCashFlowHedgesContinuingHedges_2" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfCashFlowHedgesContinuingHedges_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_ReserveOfCashFlowHedgesContinuingHedges_3" xml:lang="en-US" id="label_ReserveOfCashFlowHedgesContinuingHedges_3">Hedge accounting reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfCashFlowHedgesContinuingHedges" xlink:to="label_ReserveOfCashFlowHedgesContinuingHedges_3" xlink:title="Label : ReserveOfCashFlowHedgesContinuingHedges to label_ReserveOfCashFlowHedgesContinuingHedges_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:label="TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:title="TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" />
    <link:label xlink:type="resource" xlink:label="label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xml:lang="en-US" id="label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets">ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:to="label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:title="Label : TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets to label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" />
    <link:label xlink:type="resource" xlink:label="label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets_1" xml:lang="en-US" id="label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets_1">Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:to="label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets_1" xlink:title="Label : TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets to label_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MaximumMaturityPeriodOfCashAndCashEquivalents" xlink:label="MaximumMaturityPeriodOfCashAndCashEquivalents" xlink:title="MaximumMaturityPeriodOfCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_MaximumMaturityPeriodOfCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumMaturityPeriodOfCashAndCashEquivalents" xml:lang="en-US" id="label_MaximumMaturityPeriodOfCashAndCashEquivalents">Maximum maturity period of cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumMaturityPeriodOfCashAndCashEquivalents" xlink:to="label_MaximumMaturityPeriodOfCashAndCashEquivalents" xlink:title="Label : MaximumMaturityPeriodOfCashAndCashEquivalents to label_MaximumMaturityPeriodOfCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_MaximumMaturityPeriodOfCashAndCashEquivalents_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumMaturityPeriodOfCashAndCashEquivalents_1" xml:lang="en-US" id="label_MaximumMaturityPeriodOfCashAndCashEquivalents_1">Maximum maturity period of cash and cash equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumMaturityPeriodOfCashAndCashEquivalents" xlink:to="label_MaximumMaturityPeriodOfCashAndCashEquivalents_1" xlink:title="Label : MaximumMaturityPeriodOfCashAndCashEquivalents to label_MaximumMaturityPeriodOfCashAndCashEquivalents_1" />
    <link:label xlink:type="resource" xlink:label="label_MaximumMaturityPeriodOfCashAndCashEquivalents_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumMaturityPeriodOfCashAndCashEquivalents_2" xml:lang="en-US" id="label_MaximumMaturityPeriodOfCashAndCashEquivalents_2">The maximum maturity period of cash and cash equivalents.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumMaturityPeriodOfCashAndCashEquivalents" xlink:to="label_MaximumMaturityPeriodOfCashAndCashEquivalents_2" xlink:title="Label : MaximumMaturityPeriodOfCashAndCashEquivalents to label_MaximumMaturityPeriodOfCashAndCashEquivalents_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:label="RiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:title="RiskExposureAssociatedWithInstrumentsSharingCharacteristic" />
    <link:label xlink:type="resource" xlink:label="label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic" xml:lang="en-US" id="label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic">Risk exposure associated with instruments sharing characteristic</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:to="label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:title="Label : RiskExposureAssociatedWithInstrumentsSharingCharacteristic to label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic" />
    <link:label xlink:type="resource" xlink:label="label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic_1" xml:lang="en-US" id="label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic_1">Direct exposure to financial instruments issued by European sovereign counterparties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:to="label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic_1" xlink:title="Label : RiskExposureAssociatedWithInstrumentsSharingCharacteristic to label_RiskExposureAssociatedWithInstrumentsSharingCharacteristic_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" xlink:label="MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" xlink:title="MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" />
    <link:label xlink:type="resource" xlink:label="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" xml:lang="en-US" id="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature">Maximum period of fixed price of commodities for short-term nature</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" xlink:to="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" xlink:title="Label : MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature to label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" />
    <link:label xlink:type="resource" xlink:label="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_1" xml:lang="en-US" id="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_1">Maximum period of fixed price of commodities for short-term nature</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" xlink:to="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_1" xlink:title="Label : MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature to label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_1" />
    <link:label xlink:type="resource" xlink:label="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_2" xml:lang="en-US" id="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_2">The maximum period of fixed price of commodities for short-term nature.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" xlink:to="label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_2" xlink:title="Label : MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature to label_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MinimumMaturityPeriodOfCertificatesOfDeposits" xlink:label="MinimumMaturityPeriodOfCertificatesOfDeposits" xlink:title="MinimumMaturityPeriodOfCertificatesOfDeposits" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMaturityPeriodOfCertificatesOfDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MinimumMaturityPeriodOfCertificatesOfDeposits" xml:lang="en-US" id="label_MinimumMaturityPeriodOfCertificatesOfDeposits">Minimum maturity period of certificates of deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMaturityPeriodOfCertificatesOfDeposits" xlink:to="label_MinimumMaturityPeriodOfCertificatesOfDeposits" xlink:title="Label : MinimumMaturityPeriodOfCertificatesOfDeposits to label_MinimumMaturityPeriodOfCertificatesOfDeposits" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMaturityPeriodOfCertificatesOfDeposits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MinimumMaturityPeriodOfCertificatesOfDeposits_1" xml:lang="en-US" id="label_MinimumMaturityPeriodOfCertificatesOfDeposits_1">Minimum maturity period of certificates of deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMaturityPeriodOfCertificatesOfDeposits" xlink:to="label_MinimumMaturityPeriodOfCertificatesOfDeposits_1" xlink:title="Label : MinimumMaturityPeriodOfCertificatesOfDeposits to label_MinimumMaturityPeriodOfCertificatesOfDeposits_1" />
    <link:label xlink:type="resource" xlink:label="label_MinimumMaturityPeriodOfCertificatesOfDeposits_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MinimumMaturityPeriodOfCertificatesOfDeposits_2" xml:lang="en-US" id="label_MinimumMaturityPeriodOfCertificatesOfDeposits_2">The minimum maturity period of certificates of deposits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MinimumMaturityPeriodOfCertificatesOfDeposits" xlink:to="label_MinimumMaturityPeriodOfCertificatesOfDeposits_2" xlink:title="Label : MinimumMaturityPeriodOfCertificatesOfDeposits to label_MinimumMaturityPeriodOfCertificatesOfDeposits_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ArgentinePesoUsDollarForeignExchangeRiskMember" xlink:label="ArgentinePesoUsDollarForeignExchangeRiskMember" xlink:title="ArgentinePesoUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_ArgentinePesoUsDollarForeignExchangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ArgentinePesoUsDollarForeignExchangeRiskMember" xml:lang="en-US" id="label_ArgentinePesoUsDollarForeignExchangeRiskMember">Argentine Peso / U.S. dollar foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentinePesoUsDollarForeignExchangeRiskMember" xlink:to="label_ArgentinePesoUsDollarForeignExchangeRiskMember" xlink:title="Label : ArgentinePesoUsDollarForeignExchangeRiskMember to label_ArgentinePesoUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_ArgentinePesoUsDollarForeignExchangeRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ArgentinePesoUsDollarForeignExchangeRiskMember_1" xml:lang="en-US" id="label_ArgentinePesoUsDollarForeignExchangeRiskMember_1">Represents a Argentine Peso / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentinePesoUsDollarForeignExchangeRiskMember" xlink:to="label_ArgentinePesoUsDollarForeignExchangeRiskMember_1" xlink:title="Label : ArgentinePesoUsDollarForeignExchangeRiskMember to label_ArgentinePesoUsDollarForeignExchangeRiskMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EuroUsDollarForeignExchangeRiskMember" xlink:label="EuroUsDollarForeignExchangeRiskMember" xlink:title="EuroUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_EuroUsDollarForeignExchangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EuroUsDollarForeignExchangeRiskMember" xml:lang="en-US" id="label_EuroUsDollarForeignExchangeRiskMember">Euro / U.S. dollar foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EuroUsDollarForeignExchangeRiskMember" xlink:to="label_EuroUsDollarForeignExchangeRiskMember" xlink:title="Label : EuroUsDollarForeignExchangeRiskMember to label_EuroUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_EuroUsDollarForeignExchangeRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EuroUsDollarForeignExchangeRiskMember_1" xml:lang="en-US" id="label_EuroUsDollarForeignExchangeRiskMember_1">Represents a Euro / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EuroUsDollarForeignExchangeRiskMember" xlink:to="label_EuroUsDollarForeignExchangeRiskMember_1" xlink:title="Label : EuroUsDollarForeignExchangeRiskMember to label_EuroUsDollarForeignExchangeRiskMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SaudiArabianRiyalUsDollarExchangeRiskMember" xlink:label="SaudiArabianRiyalUsDollarExchangeRiskMember" xlink:title="SaudiArabianRiyalUsDollarExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_SaudiArabianRiyalUsDollarExchangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SaudiArabianRiyalUsDollarExchangeRiskMember" xml:lang="en-US" id="label_SaudiArabianRiyalUsDollarExchangeRiskMember">Saudi Arabian Riyal / US Dollar exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaudiArabianRiyalUsDollarExchangeRiskMember" xlink:to="label_SaudiArabianRiyalUsDollarExchangeRiskMember" xlink:title="Label : SaudiArabianRiyalUsDollarExchangeRiskMember to label_SaudiArabianRiyalUsDollarExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_SaudiArabianRiyalUsDollarExchangeRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SaudiArabianRiyalUsDollarExchangeRiskMember_1" xml:lang="en-US" id="label_SaudiArabianRiyalUsDollarExchangeRiskMember_1">Represents information pertaining to Saudi Arabian Riyal/US Dollar exchange risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SaudiArabianRiyalUsDollarExchangeRiskMember" xlink:to="label_SaudiArabianRiyalUsDollarExchangeRiskMember_1" xlink:title="Label : SaudiArabianRiyalUsDollarExchangeRiskMember to label_SaudiArabianRiyalUsDollarExchangeRiskMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FloatingInterestRateMember" xlink:label="FloatingInterestRateMember" xlink:title="FloatingInterestRateMember" />
    <link:label xlink:type="resource" xlink:label="label_FloatingInterestRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FloatingInterestRateMember" xml:lang="en-US" id="label_FloatingInterestRateMember">Floating interest rate [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FloatingInterestRateMember" xlink:to="label_FloatingInterestRateMember" xlink:title="Label : FloatingInterestRateMember to label_FloatingInterestRateMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:label="DisclosureOfFinancialInstrumentsTable" xlink:title="DisclosureOfFinancialInstrumentsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialInstrumentsTable" xml:lang="en-US" id="label_DisclosureOfFinancialInstrumentsTable">Disclosure of detailed information about financial instruments [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialInstrumentsTable" xlink:to="label_DisclosureOfFinancialInstrumentsTable" xlink:title="Label : DisclosureOfFinancialInstrumentsTable to label_DisclosureOfFinancialInstrumentsTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="CategoriesOfFinancialAssetsAxis" xlink:title="CategoriesOfFinancialAssetsAxis" />
    <link:label xlink:type="resource" xlink:label="label_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CategoriesOfFinancialAssetsAxis" xml:lang="en-US" id="label_CategoriesOfFinancialAssetsAxis">Categories of financial assets [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoriesOfFinancialAssetsAxis" xlink:to="label_CategoriesOfFinancialAssetsAxis" xlink:title="Label : CategoriesOfFinancialAssetsAxis to label_CategoriesOfFinancialAssetsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsCategoryMember" xlink:label="FinancialAssetsCategoryMember" xlink:title="FinancialAssetsCategoryMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssetsCategoryMember" xml:lang="en-US" id="label_FinancialAssetsCategoryMember">Financial assets, category [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsCategoryMember" xlink:to="label_FinancialAssetsCategoryMember" xlink:title="Label : FinancialAssetsCategoryMember to label_FinancialAssetsCategoryMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:label="FinancialAssetsAtAmortisedCostCategoryMember" xlink:title="FinancialAssetsAtAmortisedCostCategoryMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssetsAtAmortisedCostCategoryMember" xml:lang="en-US" id="label_FinancialAssetsAtAmortisedCostCategoryMember">Financial assets at amortised cost, category [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtAmortisedCostCategoryMember" xlink:to="label_FinancialAssetsAtAmortisedCostCategoryMember" xlink:title="Label : FinancialAssetsAtAmortisedCostCategoryMember to label_FinancialAssetsAtAmortisedCostCategoryMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:label="FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:title="FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xml:lang="en-US" id="label_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember">Financial assets at fair value through other comprehensive income, category [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:to="label_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:title="Label : FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember to label_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:label="FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:title="FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xml:lang="en-US" id="label_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember">Financial assets at fair value through profit or loss, category [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:to="label_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:title="Label : FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember to label_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="LevelsOfFairValueHierarchyAxis" xlink:title="LevelsOfFairValueHierarchyAxis" />
    <link:label xlink:type="resource" xlink:label="label_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LevelsOfFairValueHierarchyAxis" xml:lang="en-US" id="label_LevelsOfFairValueHierarchyAxis">Levels of fair value hierarchy [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LevelsOfFairValueHierarchyAxis" xlink:to="label_LevelsOfFairValueHierarchyAxis" xlink:title="Label : LevelsOfFairValueHierarchyAxis to label_LevelsOfFairValueHierarchyAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:label="AllLevelsOfFairValueHierarchyMember" xlink:title="AllLevelsOfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_AllLevelsOfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllLevelsOfFairValueHierarchyMember" xml:lang="en-US" id="label_AllLevelsOfFairValueHierarchyMember">All levels of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllLevelsOfFairValueHierarchyMember" xlink:to="label_AllLevelsOfFairValueHierarchyMember" xlink:title="Label : AllLevelsOfFairValueHierarchyMember to label_AllLevelsOfFairValueHierarchyMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="Level1OfFairValueHierarchyMember" xlink:title="Level1OfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Level1OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level1OfFairValueHierarchyMember">Level 1 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level1OfFairValueHierarchyMember" xlink:to="label_Level1OfFairValueHierarchyMember" xlink:title="Label : Level1OfFairValueHierarchyMember to label_Level1OfFairValueHierarchyMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="Level2OfFairValueHierarchyMember" xlink:title="Level2OfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Level2OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level2OfFairValueHierarchyMember">Level 2 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level2OfFairValueHierarchyMember" xlink:to="label_Level2OfFairValueHierarchyMember" xlink:title="Label : Level2OfFairValueHierarchyMember to label_Level2OfFairValueHierarchyMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="Level3OfFairValueHierarchyMember" xlink:title="Level3OfFairValueHierarchyMember" />
    <link:label xlink:type="resource" xlink:label="label_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Level3OfFairValueHierarchyMember" xml:lang="en-US" id="label_Level3OfFairValueHierarchyMember">Level 3 of fair value hierarchy [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level3OfFairValueHierarchyMember" xlink:to="label_Level3OfFairValueHierarchyMember" xlink:title="Label : Level3OfFairValueHierarchyMember to label_Level3OfFairValueHierarchyMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfFinancialAssetsAxis" xlink:label="ClassesOfFinancialAssetsAxis" xlink:title="ClassesOfFinancialAssetsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfFinancialAssetsAxis" xml:lang="en-US" id="label_ClassesOfFinancialAssetsAxis">Classes of financial assets [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfFinancialAssetsAxis" xlink:to="label_ClassesOfFinancialAssetsAxis" xlink:title="Label : ClassesOfFinancialAssetsAxis to label_ClassesOfFinancialAssetsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsMember" xlink:label="FinancialAssetsMember" xlink:title="FinancialAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssetsMember" xml:lang="en-US" id="label_FinancialAssetsMember">Financial assets, class [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssetsMember" xlink:to="label_FinancialAssetsMember" xlink:title="Label : FinancialAssetsMember to label_FinancialAssetsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xlink:label="FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xlink:title="FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xml:lang="en-US" id="label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember">Fixed Income (time-deposit, zero coupon bonds, commercial papers) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xlink:to="label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xlink:title="Label : FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember to label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" />
    <link:label xlink:type="resource" xlink:label="label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_1" xml:lang="en-US" id="label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_1">Represents fixed income (time-deposit, zero coupon bonds, commercial papers).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" xlink:to="label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_1" xlink:title="Label : FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember to label_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UsSovereignBillsMember" xlink:label="UsSovereignBillsMember" xlink:title="UsSovereignBillsMember" />
    <link:label xlink:type="resource" xlink:label="label_UsSovereignBillsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UsSovereignBillsMember" xml:lang="en-US" id="label_UsSovereignBillsMember">Represents U.S. Sovereign Bills.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsSovereignBillsMember" xlink:to="label_UsSovereignBillsMember" xlink:title="Label : UsSovereignBillsMember to label_UsSovereignBillsMember" />
    <link:label xlink:type="resource" xlink:label="label_UsSovereignBillsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UsSovereignBillsMember_1" xml:lang="en-US" id="label_UsSovereignBillsMember_1">U.S. Sovereign Bills [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsSovereignBillsMember" xlink:to="label_UsSovereignBillsMember_1" xlink:title="Label : UsSovereignBillsMember to label_UsSovereignBillsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NonUsSovereignBillsMember" xlink:label="NonUsSovereignBillsMember" xlink:title="NonUsSovereignBillsMember" />
    <link:label xlink:type="resource" xlink:label="label_NonUsSovereignBillsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonUsSovereignBillsMember" xml:lang="en-US" id="label_NonUsSovereignBillsMember">Represents Non - U.S. Sovereign Bills.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonUsSovereignBillsMember" xlink:to="label_NonUsSovereignBillsMember" xlink:title="Label : NonUsSovereignBillsMember to label_NonUsSovereignBillsMember" />
    <link:label xlink:type="resource" xlink:label="label_NonUsSovereignBillsMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonUsSovereignBillsMember_1" xml:lang="en-US" id="label_NonUsSovereignBillsMember_1">Non - U.S. Sovereign Bills [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonUsSovereignBillsMember" xlink:to="label_NonUsSovereignBillsMember_1" xlink:title="Label : NonUsSovereignBillsMember to label_NonUsSovereignBillsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CertificatesOfDepositsMember" xlink:label="CertificatesOfDepositsMember" xlink:title="CertificatesOfDepositsMember" />
    <link:label xlink:type="resource" xlink:label="label_CertificatesOfDepositsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CertificatesOfDepositsMember" xml:lang="en-US" id="label_CertificatesOfDepositsMember">Certificates of Deposits [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CertificatesOfDepositsMember" xlink:to="label_CertificatesOfDepositsMember" xlink:title="Label : CertificatesOfDepositsMember to label_CertificatesOfDepositsMember" />
    <link:label xlink:type="resource" xlink:label="label_CertificatesOfDepositsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CertificatesOfDepositsMember_1" xml:lang="en-US" id="label_CertificatesOfDepositsMember_1">Securities classified as Certificates of Deposits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CertificatesOfDepositsMember" xlink:to="label_CertificatesOfDepositsMember_1" xlink:title="Label : CertificatesOfDepositsMember to label_CertificatesOfDepositsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CommercialPapersMember" xlink:label="CommercialPapersMember" xlink:title="CommercialPapersMember" />
    <link:label xlink:type="resource" xlink:label="label_CommercialPapersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommercialPapersMember" xml:lang="en-US" id="label_CommercialPapersMember">Commercial Papers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialPapersMember" xlink:to="label_CommercialPapersMember" xlink:title="Label : CommercialPapersMember to label_CommercialPapersMember" />
    <link:label xlink:type="resource" xlink:label="label_CommercialPapersMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommercialPapersMember_1" xml:lang="en-US" id="label_CommercialPapersMember_1">Securities classified as Commercial Papers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommercialPapersMember" xlink:to="label_CommercialPapersMember_1" xlink:title="Label : CommercialPapersMember to label_CommercialPapersMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherNotesMember" xlink:label="OtherNotesMember" xlink:title="OtherNotesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNotesMember" xml:lang="en-US" id="label_OtherNotesMember">Other notes [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNotesMember" xlink:to="label_OtherNotesMember" xlink:title="Label : OtherNotesMember to label_OtherNotesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherNotesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherNotesMember_1" xml:lang="en-US" id="label_OtherNotesMember_1">Securities classified as other notes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNotesMember" xlink:to="label_OtherNotesMember_1" xlink:title="Label : OtherNotesMember to label_OtherNotesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_BondsAndOtherFixedIncomeMember" xlink:label="BondsAndOtherFixedIncomeMember" xlink:title="BondsAndOtherFixedIncomeMember" />
    <link:label xlink:type="resource" xlink:label="label_BondsAndOtherFixedIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BondsAndOtherFixedIncomeMember" xml:lang="en-US" id="label_BondsAndOtherFixedIncomeMember">Bonds and other fixed income [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BondsAndOtherFixedIncomeMember" xlink:to="label_BondsAndOtherFixedIncomeMember" xlink:title="Label : BondsAndOtherFixedIncomeMember to label_BondsAndOtherFixedIncomeMember" />
    <link:label xlink:type="resource" xlink:label="label_BondsAndOtherFixedIncomeMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BondsAndOtherFixedIncomeMember_1" xml:lang="en-US" id="label_BondsAndOtherFixedIncomeMember_1">Represents bonds and other fixed income.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BondsAndOtherFixedIncomeMember" xlink:to="label_BondsAndOtherFixedIncomeMember_1" xlink:title="Label : BondsAndOtherFixedIncomeMember to label_BondsAndOtherFixedIncomeMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UsGovernmentSecuritiesMember" xlink:label="UsGovernmentSecuritiesMember" xlink:title="UsGovernmentSecuritiesMember" />
    <link:label xlink:type="resource" xlink:label="label_UsGovernmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UsGovernmentSecuritiesMember" xml:lang="en-US" id="label_UsGovernmentSecuritiesMember">U.S. government securities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsGovernmentSecuritiesMember" xlink:to="label_UsGovernmentSecuritiesMember" xlink:title="Label : UsGovernmentSecuritiesMember to label_UsGovernmentSecuritiesMember" />
    <link:label xlink:type="resource" xlink:label="label_UsGovernmentSecuritiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UsGovernmentSecuritiesMember_1" xml:lang="en-US" id="label_UsGovernmentSecuritiesMember_1">Securities classified as U.S. government securities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsGovernmentSecuritiesMember" xlink:to="label_UsGovernmentSecuritiesMember_1" xlink:title="Label : UsGovernmentSecuritiesMember to label_UsGovernmentSecuritiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NonUsGovernmentSecuritiesMember" xlink:label="NonUsGovernmentSecuritiesMember" xlink:title="NonUsGovernmentSecuritiesMember" />
    <link:label xlink:type="resource" xlink:label="label_NonUsGovernmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonUsGovernmentSecuritiesMember" xml:lang="en-US" id="label_NonUsGovernmentSecuritiesMember">Non - U.S. government securities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonUsGovernmentSecuritiesMember" xlink:to="label_NonUsGovernmentSecuritiesMember" xlink:title="Label : NonUsGovernmentSecuritiesMember to label_NonUsGovernmentSecuritiesMember" />
    <link:label xlink:type="resource" xlink:label="label_NonUsGovernmentSecuritiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonUsGovernmentSecuritiesMember_1" xml:lang="en-US" id="label_NonUsGovernmentSecuritiesMember_1">Securities classified as Non - U.S. government securities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonUsGovernmentSecuritiesMember" xlink:to="label_NonUsGovernmentSecuritiesMember_1" xlink:title="Label : NonUsGovernmentSecuritiesMember to label_NonUsGovernmentSecuritiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CorporatesSecuritiesMember" xlink:label="CorporatesSecuritiesMember" xlink:title="CorporatesSecuritiesMember" />
    <link:label xlink:type="resource" xlink:label="label_CorporatesSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CorporatesSecuritiesMember" xml:lang="en-US" id="label_CorporatesSecuritiesMember">Corporates securities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporatesSecuritiesMember" xlink:to="label_CorporatesSecuritiesMember" xlink:title="Label : CorporatesSecuritiesMember to label_CorporatesSecuritiesMember" />
    <link:label xlink:type="resource" xlink:label="label_CorporatesSecuritiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CorporatesSecuritiesMember_1" xml:lang="en-US" id="label_CorporatesSecuritiesMember_1">Securities classified as Corporates securities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporatesSecuritiesMember" xlink:to="label_CorporatesSecuritiesMember_1" xlink:title="Label : CorporatesSecuritiesMember to label_CorporatesSecuritiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_StructuredNotesMember" xlink:label="StructuredNotesMember" xlink:title="StructuredNotesMember" />
    <link:label xlink:type="resource" xlink:label="label_StructuredNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StructuredNotesMember" xml:lang="en-US" id="label_StructuredNotesMember">Structured Notes [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StructuredNotesMember" xlink:to="label_StructuredNotesMember" xlink:title="Label : StructuredNotesMember to label_StructuredNotesMember" />
    <link:label xlink:type="resource" xlink:label="label_StructuredNotesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_StructuredNotesMember_1" xml:lang="en-US" id="label_StructuredNotesMember_1">Securities classified as Structured Notes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StructuredNotesMember" xlink:to="label_StructuredNotesMember_1" xlink:title="Label : StructuredNotesMember to label_StructuredNotesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherInvestments1Member" xlink:label="OtherInvestments1Member" xlink:title="OtherInvestments1Member" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestments1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestments1Member" xml:lang="en-US" id="label_OtherInvestments1Member">Other investments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestments1Member" xlink:to="label_OtherInvestments1Member" xlink:title="Label : OtherInvestments1Member to label_OtherInvestments1Member" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestments1Member_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherInvestments1Member_1" xml:lang="en-US" id="label_OtherInvestments1Member_1">Investments classified as other.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestments1Member" xlink:to="label_OtherInvestments1Member_1" xlink:title="Label : OtherInvestments1Member to label_OtherInvestments1Member_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="ClassesOfAssetsAxis" xlink:title="ClassesOfAssetsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfAssetsAxis" xml:lang="en-US" id="label_ClassesOfAssetsAxis">Classes of assets [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfAssetsAxis" xlink:to="label_ClassesOfAssetsAxis" xlink:title="Label : ClassesOfAssetsAxis to label_ClassesOfAssetsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfAssetsMember" xlink:label="ClassesOfAssetsMember" xlink:title="ClassesOfAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfAssetsMember" xml:lang="en-US" id="label_ClassesOfAssetsMember">Assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfAssetsMember" xlink:to="label_ClassesOfAssetsMember" xlink:title="Label : ClassesOfAssetsMember to label_ClassesOfAssetsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativesMember" xlink:label="DerivativesMember" xlink:title="DerivativesMember" />
    <link:label xlink:type="resource" xlink:label="label_DerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativesMember" xml:lang="en-US" id="label_DerivativesMember">Derivatives [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesMember" xlink:to="label_DerivativesMember" xlink:title="Label : DerivativesMember to label_DerivativesMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherReceivablesMember" xlink:label="OtherReceivablesMember" xlink:title="OtherReceivablesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReceivablesMember" xml:lang="en-US" id="label_OtherReceivablesMember">Other receivables [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesMember" xlink:to="label_OtherReceivablesMember" xlink:title="Label : OtherReceivablesMember to label_OtherReceivablesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherReceivablesMember_1" xml:lang="en-US" id="label_OtherReceivablesMember_1">Assets classified as other receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesMember" xlink:to="label_OtherReceivablesMember_1" xlink:title="Label : OtherReceivablesMember to label_OtherReceivablesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherReceivablesNonfinancialMember" xlink:label="OtherReceivablesNonfinancialMember" xlink:title="OtherReceivablesNonfinancialMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesNonfinancialMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReceivablesNonfinancialMember" xml:lang="en-US" id="label_OtherReceivablesNonfinancialMember">Other receivables (non-Financial) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesNonfinancialMember" xlink:to="label_OtherReceivablesNonfinancialMember" xlink:title="Label : OtherReceivablesNonfinancialMember to label_OtherReceivablesNonfinancialMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivablesNonfinancialMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherReceivablesNonfinancialMember_1" xml:lang="en-US" id="label_OtherReceivablesNonfinancialMember_1">Assets classified as other receivables (non-financial).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivablesNonfinancialMember" xlink:to="label_OtherReceivablesNonfinancialMember_1" xlink:title="Label : OtherReceivablesNonfinancialMember to label_OtherReceivablesNonfinancialMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfLiabilitiesAxis" xlink:label="ClassesOfLiabilitiesAxis" xlink:title="ClassesOfLiabilitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfLiabilitiesAxis" xml:lang="en-US" id="label_ClassesOfLiabilitiesAxis">Classes of liabilities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfLiabilitiesAxis" xlink:to="label_ClassesOfLiabilitiesAxis" xlink:title="Label : ClassesOfLiabilitiesAxis to label_ClassesOfLiabilitiesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LiabilitiesMember" xlink:label="LiabilitiesMember" xlink:title="LiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_LiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LiabilitiesMember" xml:lang="en-US" id="label_LiabilitiesMember">Liabilities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LiabilitiesMember" xlink:to="label_LiabilitiesMember" xlink:title="Label : LiabilitiesMember to label_LiabilitiesMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DerivativeLiabilitiesMember" xlink:label="DerivativeLiabilitiesMember" xlink:title="DerivativeLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeLiabilitiesMember" xml:lang="en-US" id="label_DerivativeLiabilitiesMember">Derivative liabilities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeLiabilitiesMember" xlink:to="label_DerivativeLiabilitiesMember" xlink:title="Label : DerivativeLiabilitiesMember to label_DerivativeLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeLiabilitiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DerivativeLiabilitiesMember_1" xml:lang="en-US" id="label_DerivativeLiabilitiesMember_1">Related to derivative liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeLiabilitiesMember" xlink:to="label_DerivativeLiabilitiesMember_1" xlink:title="Label : DerivativeLiabilitiesMember to label_DerivativeLiabilitiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:label="DisclosureOfFinancialInstrumentsLineItems" xlink:title="DisclosureOfFinancialInstrumentsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialInstrumentsLineItems" xml:lang="en-US" id="label_DisclosureOfFinancialInstrumentsLineItems">Disclosure of detailed information about financial instruments [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialInstrumentsLineItems" xlink:to="label_DisclosureOfFinancialInstrumentsLineItems" xlink:title="Label : DisclosureOfFinancialInstrumentsLineItems to label_DisclosureOfFinancialInstrumentsLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativeFinancialAssets" xlink:label="DerivativeFinancialAssets" xlink:title="DerivativeFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeFinancialAssets" xml:lang="en-US" id="label_DerivativeFinancialAssets">Derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialAssets" xlink:to="label_DerivativeFinancialAssets" xlink:title="Label : DerivativeFinancialAssets to label_DerivativeFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeFinancialAssets_1" xml:lang="en-US" id="label_DerivativeFinancialAssets_1">Derivatives with positive fair values</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialAssets" xlink:to="label_DerivativeFinancialAssets_1" xlink:title="Label : DerivativeFinancialAssets to label_DerivativeFinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherReceivables" xlink:label="OtherReceivables" xlink:title="OtherReceivables" />
    <link:label xlink:type="resource" xlink:label="label_OtherReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherReceivables" xml:lang="en-US" id="label_OtherReceivables">Other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherReceivables" xlink:to="label_OtherReceivables" xlink:title="Label : OtherReceivables to label_OtherReceivables" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssets" xlink:label="FinancialAssets" xlink:title="FinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialAssets" xml:lang="en-US" id="label_FinancialAssets">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssets" xlink:to="label_FinancialAssets" xlink:title="Label : FinancialAssets to label_FinancialAssets" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LeaseLiabilities" xlink:label="LeaseLiabilities" xlink:title="LeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_LeaseLiabilities" xml:lang="en-US" id="label_LeaseLiabilities">Ending net book amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities" xlink:title="Label : LeaseLiabilities to label_LeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_LeaseLiabilities_1" xml:lang="en-US" id="label_LeaseLiabilities_1">Opening net book amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities_1" xlink:title="Label : LeaseLiabilities to label_LeaseLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilities_2" xml:lang="en-US" id="label_LeaseLiabilities_2">Lease Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities_2" xlink:title="Label : LeaseLiabilities to label_LeaseLiabilities_2" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_LeaseLiabilities_3" xml:lang="en-US" id="label_LeaseLiabilities_3">Lease Liabilities C and NC</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilities" xlink:to="label_LeaseLiabilities_3" xlink:title="Label : LeaseLiabilities to label_LeaseLiabilities_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativeFinancialLiabilities" xlink:label="DerivativeFinancialLiabilities" xlink:title="DerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DerivativeFinancialLiabilities" xml:lang="en-US" id="label_DerivativeFinancialLiabilities">Derivative financial instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialLiabilities" xlink:to="label_DerivativeFinancialLiabilities" xlink:title="Label : DerivativeFinancialLiabilities to label_DerivativeFinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeFinancialLiabilities_1" xml:lang="en-US" id="label_DerivativeFinancialLiabilities_1">ifrs-full_DerivativeFinancialLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialLiabilities" xlink:to="label_DerivativeFinancialLiabilities_1" xlink:title="Label : DerivativeFinancialLiabilities to label_DerivativeFinancialLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialLiabilities_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DerivativeFinancialLiabilities_2" xml:lang="en-US" id="label_DerivativeFinancialLiabilities_2">Derivatives with negative fair values</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialLiabilities" xlink:to="label_DerivativeFinancialLiabilities_2" xlink:title="Label : DerivativeFinancialLiabilities to label_DerivativeFinancialLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilities" xlink:label="FinancialLiabilities" xlink:title="FinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinancialLiabilities" xml:lang="en-US" id="label_FinancialLiabilities">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilities" xlink:to="label_FinancialLiabilities" xlink:title="Label : FinancialLiabilities to label_FinancialLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_FinancialLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialLiabilities_1" xml:lang="en-US" id="label_FinancialLiabilities_1">ifrs-full_FinancialLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialLiabilities" xlink:to="label_FinancialLiabilities_1" xlink:title="Label : FinancialLiabilities to label_FinancialLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:label="DisclosureOfFairValueMeasurementOfAssetsTable" xlink:title="DisclosureOfFairValueMeasurementOfAssetsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFairValueMeasurementOfAssetsTable" xml:lang="en-US" id="label_DisclosureOfFairValueMeasurementOfAssetsTable">Disclosure of fair value measurement of assets [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFairValueMeasurementOfAssetsTable" xlink:to="label_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:title="Label : DisclosureOfFairValueMeasurementOfAssetsTable to label_DisclosureOfFairValueMeasurementOfAssetsTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:label="DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:title="DisclosureOfFairValueMeasurementOfAssetsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFairValueMeasurementOfAssetsLineItems" xml:lang="en-US" id="label_DisclosureOfFairValueMeasurementOfAssetsLineItems">Disclosure of fair value measurement of assets [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:to="label_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:title="Label : DisclosureOfFairValueMeasurementOfAssetsLineItems to label_DisclosureOfFairValueMeasurementOfAssetsLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets" xlink:label="IncreaseDecreaseInFairValueMeasurementAssets" xlink:title="IncreaseDecreaseInFairValueMeasurementAssets" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseInFairValueMeasurementAssets" xml:lang="en-US" id="label_IncreaseDecreaseInFairValueMeasurementAssets">Increase (decrease) in fair value measurement, assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInFairValueMeasurementAssets" xlink:to="label_IncreaseDecreaseInFairValueMeasurementAssets" xlink:title="Label : IncreaseDecreaseInFairValueMeasurementAssets to label_IncreaseDecreaseInFairValueMeasurementAssets" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseInFairValueMeasurementAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseInFairValueMeasurementAssets_1" xml:lang="en-US" id="label_IncreaseDecreaseInFairValueMeasurementAssets_1">(Decrease) / increase</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInFairValueMeasurementAssets" xlink:to="label_IncreaseDecreaseInFairValueMeasurementAssets_1" xlink:title="Label : IncreaseDecreaseInFairValueMeasurementAssets to label_IncreaseDecreaseInFairValueMeasurementAssets_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchasesFairValueMeasurementAssets" xlink:label="PurchasesFairValueMeasurementAssets" xlink:title="PurchasesFairValueMeasurementAssets" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchasesFairValueMeasurementAssets" xml:lang="en-US" id="label_PurchasesFairValueMeasurementAssets">Purchases, fair value measurement, assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesFairValueMeasurementAssets" xlink:to="label_PurchasesFairValueMeasurementAssets" xlink:title="Label : PurchasesFairValueMeasurementAssets to label_PurchasesFairValueMeasurementAssets" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesFairValueMeasurementAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PurchasesFairValueMeasurementAssets_1" xml:lang="en-US" id="label_PurchasesFairValueMeasurementAssets_1">Increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesFairValueMeasurementAssets" xlink:to="label_PurchasesFairValueMeasurementAssets_1" xlink:title="Label : PurchasesFairValueMeasurementAssets to label_PurchasesFairValueMeasurementAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:label="CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:title="CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xml:lang="en-US" id="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets">Currency translation adjustment and others fair value measurement assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:to="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:title="Label : CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets to label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_1" xml:lang="en-US" id="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_1">Currency translation adjustment and others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:to="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_1" xlink:title="Label : CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets to label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_2" xml:lang="en-US" id="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_2">The increase (decrease) in the fair value measurement of assets resulting from currency translation adjustments and others.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" xlink:to="label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_2" xlink:title="Label : CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets to label_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:label="DisclosureOfOperatingSegmentsTable" xlink:title="DisclosureOfOperatingSegmentsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOperatingSegmentsTable" xml:lang="en-US" id="label_DisclosureOfOperatingSegmentsTable">Disclosure of operating segments [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOperatingSegmentsTable" xlink:to="label_DisclosureOfOperatingSegmentsTable" xlink:title="Label : DisclosureOfOperatingSegmentsTable to label_DisclosureOfOperatingSegmentsTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="SegmentConsolidationItemsAxis" xlink:title="SegmentConsolidationItemsAxis" />
    <link:label xlink:type="resource" xlink:label="label_SegmentConsolidationItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentConsolidationItemsAxis" xml:lang="en-US" id="label_SegmentConsolidationItemsAxis">Segment consolidation items [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentConsolidationItemsAxis" xlink:to="label_SegmentConsolidationItemsAxis" xlink:title="Label : SegmentConsolidationItemsAxis to label_SegmentConsolidationItemsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:label="EntitysTotalForSegmentConsolidationItemsMember" xlink:title="EntitysTotalForSegmentConsolidationItemsMember" />
    <link:label xlink:type="resource" xlink:label="label_EntitysTotalForSegmentConsolidationItemsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitysTotalForSegmentConsolidationItemsMember" xml:lang="en-US" id="label_EntitysTotalForSegmentConsolidationItemsMember">Entity's total for segment consolidation items [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitysTotalForSegmentConsolidationItemsMember" xlink:to="label_EntitysTotalForSegmentConsolidationItemsMember" xlink:title="Label : EntitysTotalForSegmentConsolidationItemsMember to label_EntitysTotalForSegmentConsolidationItemsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:label="EliminationOfIntersegmentAmountsMember" xlink:title="EliminationOfIntersegmentAmountsMember" />
    <link:label xlink:type="resource" xlink:label="label_EliminationOfIntersegmentAmountsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EliminationOfIntersegmentAmountsMember" xml:lang="en-US" id="label_EliminationOfIntersegmentAmountsMember">Elimination of intersegment amounts [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EliminationOfIntersegmentAmountsMember" xlink:to="label_EliminationOfIntersegmentAmountsMember" xlink:title="Label : EliminationOfIntersegmentAmountsMember to label_EliminationOfIntersegmentAmountsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_LU" xlink:label="LU" xlink:title="LU" />
    <link:label xlink:type="resource" xlink:label="label_LU" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LU" xml:lang="en-US" id="label_LU">LUXEMBOURG</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LU" xlink:to="label_LU" xlink:title="Label : LU to label_LU" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_AR" xlink:label="AR" xlink:title="AR" />
    <link:label xlink:type="resource" xlink:label="label_AR" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AR" xml:lang="en-US" id="label_AR">Argentina</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AR" xlink:to="label_AR" xlink:title="Label : AR to label_AR" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TypesOfCustomersAxis" xlink:label="TypesOfCustomersAxis" xlink:title="TypesOfCustomersAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfCustomersAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfCustomersAxis" xml:lang="en-US" id="label_TypesOfCustomersAxis">Types of customers [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfCustomersAxis" xlink:to="label_TypesOfCustomersAxis" xlink:title="Label : TypesOfCustomersAxis to label_TypesOfCustomersAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TypesOfCustomersMember" xlink:label="TypesOfCustomersMember" xlink:title="TypesOfCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfCustomersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfCustomersMember" xml:lang="en-US" id="label_TypesOfCustomersMember">Types of customers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfCustomersMember" xlink:to="label_TypesOfCustomersMember" xlink:title="Label : TypesOfCustomersMember to label_TypesOfCustomersMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GovernmentCustomersMember" xlink:label="GovernmentCustomersMember" xlink:title="GovernmentCustomersMember" />
    <link:label xlink:type="resource" xlink:label="label_GovernmentCustomersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GovernmentCustomersMember" xml:lang="en-US" id="label_GovernmentCustomersMember">Government customers [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GovernmentCustomersMember" xlink:to="label_GovernmentCustomersMember" xlink:title="Label : GovernmentCustomersMember to label_GovernmentCustomersMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:label="DisclosureOfOperatingSegmentsLineItems" xlink:title="DisclosureOfOperatingSegmentsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOperatingSegmentsLineItems" xml:lang="en-US" id="label_DisclosureOfOperatingSegmentsLineItems">Disclosure of operating segments [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOperatingSegmentsLineItems" xlink:to="label_DisclosureOfOperatingSegmentsLineItems" xlink:title="Label : DisclosureOfOperatingSegmentsLineItems to label_DisclosureOfOperatingSegmentsLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentFinancialAssetsAvailableforsale" xlink:label="NoncurrentFinancialAssetsAvailableforsale" xlink:title="NoncurrentFinancialAssetsAvailableforsale" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentFinancialAssetsAvailableforsale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentFinancialAssetsAvailableforsale" xml:lang="en-US" id="label_NoncurrentFinancialAssetsAvailableforsale">ifrs-full_NoncurrentFinancialAssetsAvailableforsale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinancialAssetsAvailableforsale" xlink:to="label_NoncurrentFinancialAssetsAvailableforsale" xlink:title="Label : NoncurrentFinancialAssetsAvailableforsale to label_NoncurrentFinancialAssetsAvailableforsale" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentFinancialAssetsAvailableforsale_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentFinancialAssetsAvailableforsale_1" xml:lang="en-US" id="label_NoncurrentFinancialAssetsAvailableforsale_1">Non-current financial assets available-for-sale</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentFinancialAssetsAvailableforsale" xlink:to="label_NoncurrentFinancialAssetsAvailableforsale_1" xlink:title="Label : NoncurrentFinancialAssetsAvailableforsale to label_NoncurrentFinancialAssetsAvailableforsale_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PercentageOfEntitysRevenue" xlink:label="PercentageOfEntitysRevenue" xlink:title="PercentageOfEntitysRevenue" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEntitysRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfEntitysRevenue" xml:lang="en-US" id="label_PercentageOfEntitysRevenue">ifrs-full_PercentageOfEntitysRevenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEntitysRevenue" xlink:to="label_PercentageOfEntitysRevenue" xlink:title="Label : PercentageOfEntitysRevenue to label_PercentageOfEntitysRevenue" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEntitysRevenue_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfEntitysRevenue_1" xml:lang="en-US" id="label_PercentageOfEntitysRevenue_1">Percentage of entity's revenue</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEntitysRevenue" xlink:to="label_PercentageOfEntitysRevenue_1" xlink:title="Label : PercentageOfEntitysRevenue to label_PercentageOfEntitysRevenue_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ContractLiabilities" xlink:label="ContractLiabilities" xlink:title="ContractLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_ContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContractLiabilities" xml:lang="en-US" id="label_ContractLiabilities">Contract liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractLiabilities" xlink:to="label_ContractLiabilities" xlink:title="Label : ContractLiabilities to label_ContractLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_ContractLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContractLiabilities_1" xml:lang="en-US" id="label_ContractLiabilities_1">ifrs-full_ContractLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContractLiabilities" xlink:to="label_ContractLiabilities_1" xlink:title="Label : ContractLiabilities to label_ContractLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SegmentsAxis" xlink:label="SegmentsAxis" xlink:title="SegmentsAxis" />
    <link:label xlink:type="resource" xlink:label="label_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentsAxis" xml:lang="en-US" id="label_SegmentsAxis">Segments [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentsAxis" xlink:to="label_SegmentsAxis" xlink:title="Label : SegmentsAxis to label_SegmentsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SegmentsMember" xlink:label="SegmentsMember" xlink:title="SegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_SegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentsMember" xml:lang="en-US" id="label_SegmentsMember">Segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentsMember" xlink:to="label_SegmentsMember" xlink:title="Label : SegmentsMember to label_SegmentsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TubesMember" xlink:label="TubesMember" xlink:title="TubesMember" />
    <link:label xlink:type="resource" xlink:label="label_TubesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TubesMember" xml:lang="en-US" id="label_TubesMember">Tubes [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubesMember" xlink:to="label_TubesMember" xlink:title="Label : TubesMember to label_TubesMember" />
    <link:label xlink:type="resource" xlink:label="label_TubesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TubesMember_1" xml:lang="en-US" id="label_TubesMember_1">Segment classified as "Tubes".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubesMember" xlink:to="label_TubesMember_1" xlink:title="Label : TubesMember to label_TubesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AllOtherSegmentsMember" xlink:label="AllOtherSegmentsMember" xlink:title="AllOtherSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_AllOtherSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllOtherSegmentsMember" xml:lang="en-US" id="label_AllOtherSegmentsMember">All other segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllOtherSegmentsMember" xlink:to="label_AllOtherSegmentsMember" xlink:title="Label : AllOtherSegmentsMember to label_AllOtherSegmentsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReportableSegmentsMember" xlink:label="ReportableSegmentsMember" xlink:title="ReportableSegmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_ReportableSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReportableSegmentsMember" xml:lang="en-US" id="label_ReportableSegmentsMember">Reportable segments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReportableSegmentsMember" xlink:to="label_ReportableSegmentsMember" xlink:title="Label : ReportableSegmentsMember to label_ReportableSegmentsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:label="ContinuingAndDiscontinuedOperationsAxis" xlink:title="ContinuingAndDiscontinuedOperationsAxis" />
    <link:label xlink:type="resource" xlink:label="label_ContinuingAndDiscontinuedOperationsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContinuingAndDiscontinuedOperationsAxis" xml:lang="en-US" id="label_ContinuingAndDiscontinuedOperationsAxis">Continuing and discontinued operations [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContinuingAndDiscontinuedOperationsAxis" xlink:to="label_ContinuingAndDiscontinuedOperationsAxis" xlink:title="Label : ContinuingAndDiscontinuedOperationsAxis to label_ContinuingAndDiscontinuedOperationsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ContinuingOperationsMember" xlink:label="ContinuingOperationsMember" xlink:title="ContinuingOperationsMember" />
    <link:label xlink:type="resource" xlink:label="label_ContinuingOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContinuingOperationsMember" xml:lang="en-US" id="label_ContinuingOperationsMember">Continuing operations [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContinuingOperationsMember" xlink:to="label_ContinuingOperationsMember" xlink:title="Label : ContinuingOperationsMember to label_ContinuingOperationsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DiscontinuedOperationsMember" xlink:label="DiscontinuedOperationsMember" xlink:title="DiscontinuedOperationsMember" />
    <link:label xlink:type="resource" xlink:label="label_DiscontinuedOperationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DiscontinuedOperationsMember" xml:lang="en-US" id="label_DiscontinuedOperationsMember">Discontinued operations [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DiscontinuedOperationsMember" xlink:to="label_DiscontinuedOperationsMember" xlink:title="Label : DiscontinuedOperationsMember to label_DiscontinuedOperationsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ManagementViewOperatingIncome" xlink:label="ManagementViewOperatingIncome" xlink:title="ManagementViewOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManagementViewOperatingIncome" xml:lang="en-US" id="label_ManagementViewOperatingIncome">Operating income under management view.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewOperatingIncome" xlink:to="label_ManagementViewOperatingIncome" xlink:title="Label : ManagementViewOperatingIncome to label_ManagementViewOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewOperatingIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementViewOperatingIncome_1" xml:lang="en-US" id="label_ManagementViewOperatingIncome_1">Management view operating income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewOperatingIncome" xlink:to="label_ManagementViewOperatingIncome_1" xlink:title="Label : ManagementViewOperatingIncome to label_ManagementViewOperatingIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewOperatingIncome_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ManagementViewOperatingIncome_2" xml:lang="en-US" id="label_ManagementViewOperatingIncome_2">Management view - operating income (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewOperatingIncome" xlink:to="label_ManagementViewOperatingIncome_2" xlink:title="Label : ManagementViewOperatingIncome to label_ManagementViewOperatingIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ManagementViewDifferencesInCostOfSales" xlink:label="ManagementViewDifferencesInCostOfSales" xlink:title="ManagementViewDifferencesInCostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInCostOfSales" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManagementViewDifferencesInCostOfSales" xml:lang="en-US" id="label_ManagementViewDifferencesInCostOfSales">Differences in cost of sales under management view.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInCostOfSales" xlink:to="label_ManagementViewDifferencesInCostOfSales" xlink:title="Label : ManagementViewDifferencesInCostOfSales to label_ManagementViewDifferencesInCostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInCostOfSales_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementViewDifferencesInCostOfSales_1" xml:lang="en-US" id="label_ManagementViewDifferencesInCostOfSales_1">Management view differences in cost of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInCostOfSales" xlink:to="label_ManagementViewDifferencesInCostOfSales_1" xlink:title="Label : ManagementViewDifferencesInCostOfSales to label_ManagementViewDifferencesInCostOfSales_1" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInCostOfSales_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ManagementViewDifferencesInCostOfSales_2" xml:lang="en-US" id="label_ManagementViewDifferencesInCostOfSales_2">Difference in cost of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInCostOfSales" xlink:to="label_ManagementViewDifferencesInCostOfSales_2" xlink:title="Label : ManagementViewDifferencesInCostOfSales to label_ManagementViewDifferencesInCostOfSales_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ManagementViewDifferencesInDepreciationAndAmortization" xlink:label="ManagementViewDifferencesInDepreciationAndAmortization" xlink:title="ManagementViewDifferencesInDepreciationAndAmortization" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInDepreciationAndAmortization" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ManagementViewDifferencesInDepreciationAndAmortization" xml:lang="en-US" id="label_ManagementViewDifferencesInDepreciationAndAmortization">Differences in depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInDepreciationAndAmortization" xlink:to="label_ManagementViewDifferencesInDepreciationAndAmortization" xlink:title="Label : ManagementViewDifferencesInDepreciationAndAmortization to label_ManagementViewDifferencesInDepreciationAndAmortization" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInDepreciationAndAmortization_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementViewDifferencesInDepreciationAndAmortization_1" xml:lang="en-US" id="label_ManagementViewDifferencesInDepreciationAndAmortization_1">Management view differences in depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInDepreciationAndAmortization" xlink:to="label_ManagementViewDifferencesInDepreciationAndAmortization_1" xlink:title="Label : ManagementViewDifferencesInDepreciationAndAmortization to label_ManagementViewDifferencesInDepreciationAndAmortization_1" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInDepreciationAndAmortization_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManagementViewDifferencesInDepreciationAndAmortization_2" xml:lang="en-US" id="label_ManagementViewDifferencesInDepreciationAndAmortization_2">Differences in depreciation and amortization under management view.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInDepreciationAndAmortization" xlink:to="label_ManagementViewDifferencesInDepreciationAndAmortization_2" xlink:title="Label : ManagementViewDifferencesInDepreciationAndAmortization to label_ManagementViewDifferencesInDepreciationAndAmortization_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" xlink:label="ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" xlink:title="ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" xml:lang="en-US" id="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses">Differences in selling, general and administrative expenses under management view.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" xlink:to="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" xlink:title="Label : ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses to label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_1" xml:lang="en-US" id="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_1">Differences in selling, general and administrative expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" xlink:to="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_1" xlink:title="Label : ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses to label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_2" xml:lang="en-US" id="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_2">Management view differences in selling general and administrative expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" xlink:to="label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_2" xlink:title="Label : ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses to label_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:label="ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:title="ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xml:lang="en-US" id="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet">Differences in other operating income (expenses), net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:to="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:title="Label : ManagementViewDifferencesInOtherOperatingIncomeExpensesNet to label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_1" xml:lang="en-US" id="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_1">Management view differences in other operating income expenses net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:to="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_1" xlink:title="Label : ManagementViewDifferencesInOtherOperatingIncomeExpensesNet to label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_1" />
    <link:label xlink:type="resource" xlink:label="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_2" xml:lang="en-US" id="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_2">Differences in net other operating income (expenses) under management view.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" xlink:to="label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_2" xlink:title="Label : ManagementViewDifferencesInOtherOperatingIncomeExpensesNet to label_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinanceIncomeCost" xlink:label="FinanceIncomeCost" xlink:title="FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinanceIncomeCost" xml:lang="en-US" id="label_FinanceIncomeCost">Net financial results</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceIncomeCost_1" xml:lang="en-US" id="label_FinanceIncomeCost_1">ifrs-full_FinanceIncomeCost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost_1" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost_1" />
    <link:label xlink:type="resource" xlink:label="label_FinanceIncomeCost_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_FinanceIncomeCost_2" xml:lang="en-US" id="label_FinanceIncomeCost_2">Financial income (expense), net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceIncomeCost" xlink:to="label_FinanceIncomeCost_2" xlink:title="Label : FinanceIncomeCost to label_FinanceIncomeCost_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="DepreciationAndAmortisationExpense" xlink:title="DepreciationAndAmortisationExpense" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DepreciationAndAmortisationExpense" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense">Depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense" xlink:title="Label : DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationAndAmortisationExpense_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationAndAmortisationExpense_1" xml:lang="en-US" id="label_DepreciationAndAmortisationExpense_1">Depreciation and amortization</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationAndAmortisationExpense" xlink:to="label_DepreciationAndAmortisationExpense_1" xlink:title="Label : DepreciationAndAmortisationExpense to label_DepreciationAndAmortisationExpense_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_NorthAmericaMember" xlink:label="NorthAmericaMember" xlink:title="NorthAmericaMember" />
    <link:label xlink:type="resource" xlink:label="label_NorthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NorthAmericaMember" xml:lang="en-US" id="label_NorthAmericaMember">North America [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NorthAmericaMember" xlink:to="label_NorthAmericaMember" xlink:title="Label : NorthAmericaMember to label_NorthAmericaMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_SouthAmericaMember" xlink:label="SouthAmericaMember" xlink:title="SouthAmericaMember" />
    <link:label xlink:type="resource" xlink:label="label_SouthAmericaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SouthAmericaMember" xml:lang="en-US" id="label_SouthAmericaMember">South America [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SouthAmericaMember" xlink:to="label_SouthAmericaMember" xlink:title="Label : SouthAmericaMember to label_SouthAmericaMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_EuropeMember" xlink:label="EuropeMember" xlink:title="EuropeMember" />
    <link:label xlink:type="resource" xlink:label="label_EuropeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EuropeMember" xml:lang="en-US" id="label_EuropeMember">Europe [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EuropeMember" xlink:to="label_EuropeMember" xlink:title="Label : EuropeMember to label_EuropeMember" />
    <link:label xlink:type="resource" xlink:label="label_EuropeMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EuropeMember_1" xml:lang="en-US" id="label_EuropeMember_1">European</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EuropeMember" xlink:to="label_EuropeMember_1" xlink:title="Label : EuropeMember to label_EuropeMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MiddleEastAndAfricaMember" xlink:label="MiddleEastAndAfricaMember" xlink:title="MiddleEastAndAfricaMember" />
    <link:label xlink:type="resource" xlink:label="label_MiddleEastAndAfricaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiddleEastAndAfricaMember" xml:lang="en-US" id="label_MiddleEastAndAfricaMember">Middle East and Africa [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiddleEastAndAfricaMember" xlink:to="label_MiddleEastAndAfricaMember" xlink:title="Label : MiddleEastAndAfricaMember to label_MiddleEastAndAfricaMember" />
    <link:label xlink:type="resource" xlink:label="label_MiddleEastAndAfricaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MiddleEastAndAfricaMember_1" xml:lang="en-US" id="label_MiddleEastAndAfricaMember_1">Regions of the Middle East and Africa.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiddleEastAndAfricaMember" xlink:to="label_MiddleEastAndAfricaMember_1" xlink:title="Label : MiddleEastAndAfricaMember to label_MiddleEastAndAfricaMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_AsiaPacificMember" xlink:label="AsiaPacificMember" xlink:title="AsiaPacificMember" />
    <link:label xlink:type="resource" xlink:label="label_AsiaPacificMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AsiaPacificMember" xml:lang="en-US" id="label_AsiaPacificMember">Asia Pacific [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AsiaPacificMember" xlink:to="label_AsiaPacificMember" xlink:title="Label : AsiaPacificMember to label_AsiaPacificMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UnallocatedRegionMember" xlink:label="UnallocatedRegionMember" xlink:title="UnallocatedRegionMember" />
    <link:label xlink:type="resource" xlink:label="label_UnallocatedRegionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnallocatedRegionMember" xml:lang="en-US" id="label_UnallocatedRegionMember">Unallocated [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnallocatedRegionMember" xlink:to="label_UnallocatedRegionMember" xlink:title="Label : UnallocatedRegionMember to label_UnallocatedRegionMember" />
    <link:label xlink:type="resource" xlink:label="label_UnallocatedRegionMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnallocatedRegionMember_1" xml:lang="en-US" id="label_UnallocatedRegionMember_1">Represents an unallocated region.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnallocatedRegionMember" xlink:to="label_UnallocatedRegionMember_1" xlink:title="Label : UnallocatedRegionMember to label_UnallocatedRegionMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UnallocatedRegionMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnallocatedRegionMember_2" xml:lang="en-US" id="label_UnallocatedRegionMember_2">Unallocated region [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnallocatedRegionMember" xlink:to="label_UnallocatedRegionMember_2" xlink:title="Label : UnallocatedRegionMember to label_UnallocatedRegionMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProductsAndServicesAxis" xlink:label="ProductsAndServicesAxis" xlink:title="ProductsAndServicesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ProductsAndServicesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProductsAndServicesAxis" xml:lang="en-US" id="label_ProductsAndServicesAxis">Products and services [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProductsAndServicesAxis" xlink:to="label_ProductsAndServicesAxis" xlink:title="Label : ProductsAndServicesAxis to label_ProductsAndServicesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProductsAndServicesMember" xlink:label="ProductsAndServicesMember" xlink:title="ProductsAndServicesMember" />
    <link:label xlink:type="resource" xlink:label="label_ProductsAndServicesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProductsAndServicesMember" xml:lang="en-US" id="label_ProductsAndServicesMember">Products and services [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProductsAndServicesMember" xlink:to="label_ProductsAndServicesMember" xlink:title="Label : ProductsAndServicesMember to label_ProductsAndServicesMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OilAndGasMember" xlink:label="OilAndGasMember" xlink:title="OilAndGasMember" />
    <link:label xlink:type="resource" xlink:label="label_OilAndGasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OilAndGasMember" xml:lang="en-US" id="label_OilAndGasMember">Oil and gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OilAndGasMember" xlink:to="label_OilAndGasMember" xlink:title="Label : OilAndGasMember to label_OilAndGasMember" />
    <link:label xlink:type="resource" xlink:label="label_OilAndGasMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OilAndGasMember_1" xml:lang="en-US" id="label_OilAndGasMember_1">Represents information pertaining to oil and gas.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OilAndGasMember" xlink:to="label_OilAndGasMember_1" xlink:title="Label : OilAndGasMember to label_OilAndGasMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_HydrocarbonProcessingAndPowerGenerationMember" xlink:label="HydrocarbonProcessingAndPowerGenerationMember" xlink:title="HydrocarbonProcessingAndPowerGenerationMember" />
    <link:label xlink:type="resource" xlink:label="label_HydrocarbonProcessingAndPowerGenerationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HydrocarbonProcessingAndPowerGenerationMember" xml:lang="en-US" id="label_HydrocarbonProcessingAndPowerGenerationMember">Hydrocarbon processing and power generation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HydrocarbonProcessingAndPowerGenerationMember" xlink:to="label_HydrocarbonProcessingAndPowerGenerationMember" xlink:title="Label : HydrocarbonProcessingAndPowerGenerationMember to label_HydrocarbonProcessingAndPowerGenerationMember" />
    <link:label xlink:type="resource" xlink:label="label_HydrocarbonProcessingAndPowerGenerationMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HydrocarbonProcessingAndPowerGenerationMember_1" xml:lang="en-US" id="label_HydrocarbonProcessingAndPowerGenerationMember_1">Represents information pertaining to hydrocarbon processing and power generation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HydrocarbonProcessingAndPowerGenerationMember" xlink:to="label_HydrocarbonProcessingAndPowerGenerationMember_1" xlink:title="Label : HydrocarbonProcessingAndPowerGenerationMember to label_HydrocarbonProcessingAndPowerGenerationMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IndustrialAndOtherMember" xlink:label="IndustrialAndOtherMember" xlink:title="IndustrialAndOtherMember" />
    <link:label xlink:type="resource" xlink:label="label_IndustrialAndOtherMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IndustrialAndOtherMember" xml:lang="en-US" id="label_IndustrialAndOtherMember">Represents information pertaining to industrial and other.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndustrialAndOtherMember" xlink:to="label_IndustrialAndOtherMember" xlink:title="Label : IndustrialAndOtherMember to label_IndustrialAndOtherMember" />
    <link:label xlink:type="resource" xlink:label="label_IndustrialAndOtherMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndustrialAndOtherMember_1" xml:lang="en-US" id="label_IndustrialAndOtherMember_1">Industrial and other [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndustrialAndOtherMember" xlink:to="label_IndustrialAndOtherMember_1" xlink:title="Label : IndustrialAndOtherMember to label_IndustrialAndOtherMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_InventoriesIncludingDiscontinuedOperations" xlink:label="InventoriesIncludingDiscontinuedOperations" xlink:title="InventoriesIncludingDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesIncludingDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_InventoriesIncludingDiscontinuedOperations" xml:lang="en-US" id="label_InventoriesIncludingDiscontinuedOperations">Inventories at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesIncludingDiscontinuedOperations" xlink:to="label_InventoriesIncludingDiscontinuedOperations" xlink:title="Label : InventoriesIncludingDiscontinuedOperations to label_InventoriesIncludingDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesIncludingDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoriesIncludingDiscontinuedOperations_1" xml:lang="en-US" id="label_InventoriesIncludingDiscontinuedOperations_1">Inventories including discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesIncludingDiscontinuedOperations" xlink:to="label_InventoriesIncludingDiscontinuedOperations_1" xlink:title="Label : InventoriesIncludingDiscontinuedOperations to label_InventoriesIncludingDiscontinuedOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesIncludingDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:title="label_InventoriesIncludingDiscontinuedOperations_2" xml:lang="en-US" id="label_InventoriesIncludingDiscontinuedOperations_2">Less: Inventories at the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesIncludingDiscontinuedOperations" xlink:to="label_InventoriesIncludingDiscontinuedOperations_2" xlink:title="Label : InventoriesIncludingDiscontinuedOperations to label_InventoriesIncludingDiscontinuedOperations_2" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesIncludingDiscontinuedOperations_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InventoriesIncludingDiscontinuedOperations_3" xml:lang="en-US" id="label_InventoriesIncludingDiscontinuedOperations_3">The amount of current inventories including discontinued operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesIncludingDiscontinuedOperations" xlink:to="label_InventoriesIncludingDiscontinuedOperations_3" xlink:title="Label : InventoriesIncludingDiscontinuedOperations to label_InventoriesIncludingDiscontinuedOperations_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncreaseInInventoryDueToBusinessCombinations" xlink:label="IncreaseInInventoryDueToBusinessCombinations" xlink:title="IncreaseInInventoryDueToBusinessCombinations" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseInInventoryDueToBusinessCombinations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseInInventoryDueToBusinessCombinations" xml:lang="en-US" id="label_IncreaseInInventoryDueToBusinessCombinations">Increase in inventory due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInInventoryDueToBusinessCombinations" xlink:to="label_IncreaseInInventoryDueToBusinessCombinations" xlink:title="Label : IncreaseInInventoryDueToBusinessCombinations to label_IncreaseInInventoryDueToBusinessCombinations" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseInInventoryDueToBusinessCombinations_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseInInventoryDueToBusinessCombinations_1" xml:lang="en-US" id="label_IncreaseInInventoryDueToBusinessCombinations_1">Represents the amount of increase in inventory during the period due to business combinations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInInventoryDueToBusinessCombinations" xlink:to="label_IncreaseInInventoryDueToBusinessCombinations_1" xlink:title="Label : IncreaseInInventoryDueToBusinessCombinations to label_IncreaseInInventoryDueToBusinessCombinations_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DecreaseInInventoryDueToSaleOfSubsidiaries" xlink:label="DecreaseInInventoryDueToSaleOfSubsidiaries" xlink:title="DecreaseInInventoryDueToSaleOfSubsidiaries" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseInInventoryDueToSaleOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DecreaseInInventoryDueToSaleOfSubsidiaries" xml:lang="en-US" id="label_DecreaseInInventoryDueToSaleOfSubsidiaries">The amount of decrease in inventory during the period due to sale of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInInventoryDueToSaleOfSubsidiaries" xlink:to="label_DecreaseInInventoryDueToSaleOfSubsidiaries" xlink:title="Label : DecreaseInInventoryDueToSaleOfSubsidiaries to label_DecreaseInInventoryDueToSaleOfSubsidiaries" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseInInventoryDueToSaleOfSubsidiaries_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseInInventoryDueToSaleOfSubsidiaries_1" xml:lang="en-US" id="label_DecreaseInInventoryDueToSaleOfSubsidiaries_1">Decrease in inventory due to sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInInventoryDueToSaleOfSubsidiaries" xlink:to="label_DecreaseInInventoryDueToSaleOfSubsidiaries_1" xlink:title="Label : DecreaseInInventoryDueToSaleOfSubsidiaries to label_DecreaseInInventoryDueToSaleOfSubsidiaries_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseInInventoryDueToSaleOfSubsidiaries_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseInInventoryDueToSaleOfSubsidiaries_2" xml:lang="en-US" id="label_DecreaseInInventoryDueToSaleOfSubsidiaries_2">Decrease in inventory due to sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseInInventoryDueToSaleOfSubsidiaries" xlink:to="label_DecreaseInInventoryDueToSaleOfSubsidiaries_2" xlink:title="Label : DecreaseInInventoryDueToSaleOfSubsidiaries to label_DecreaseInInventoryDueToSaleOfSubsidiaries_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ExpenseByNatureAbstract" xlink:label="ExpenseByNatureAbstract" xlink:title="ExpenseByNatureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ExpenseByNatureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExpenseByNatureAbstract" xml:lang="en-US" id="label_ExpenseByNatureAbstract">Expenses by nature [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseByNatureAbstract" xlink:to="label_ExpenseByNatureAbstract" xlink:title="Label : ExpenseByNatureAbstract to label_ExpenseByNatureAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ExpenseByNatureAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExpenseByNatureAbstract_1" xml:lang="en-US" id="label_ExpenseByNatureAbstract_1">Plus: Charges of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExpenseByNatureAbstract" xlink:to="label_ExpenseByNatureAbstract_1" xlink:title="Label : ExpenseByNatureAbstract to label_ExpenseByNatureAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:label="CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:title="CostOfSalesRawMaterialsEnergyConsumablesAndOther" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther" xml:lang="en-US" id="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther">Raw materials, energy, consumables and other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:to="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:title="Label : CostOfSalesRawMaterialsEnergyConsumablesAndOther to label_CostOfSalesRawMaterialsEnergyConsumablesAndOther" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_1" xml:lang="en-US" id="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_1">Cost of sales raw materials energy consumables and other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:to="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_1" xlink:title="Label : CostOfSalesRawMaterialsEnergyConsumablesAndOther to label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_2" xml:lang="en-US" id="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_2">Amount of raw materials, energy, consumables and other expense attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesRawMaterialsEnergyConsumablesAndOther" xlink:to="label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_2" xlink:title="Label : CostOfSalesRawMaterialsEnergyConsumablesAndOther to label_CostOfSalesRawMaterialsEnergyConsumablesAndOther_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesServicesAndFees" xlink:label="CostOfSalesServicesAndFees" xlink:title="CostOfSalesServicesAndFees" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesServicesAndFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesServicesAndFees" xml:lang="en-US" id="label_CostOfSalesServicesAndFees">Cost of sales services and fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesServicesAndFees" xlink:to="label_CostOfSalesServicesAndFees" xlink:title="Label : CostOfSalesServicesAndFees to label_CostOfSalesServicesAndFees" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesServicesAndFees_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesServicesAndFees_1" xml:lang="en-US" id="label_CostOfSalesServicesAndFees_1">Amount of services and fees expense attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesServicesAndFees" xlink:to="label_CostOfSalesServicesAndFees_1" xlink:title="Label : CostOfSalesServicesAndFees to label_CostOfSalesServicesAndFees_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesServicesAndFees_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSalesServicesAndFees_2" xml:lang="en-US" id="label_CostOfSalesServicesAndFees_2">Services and fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesServicesAndFees" xlink:to="label_CostOfSalesServicesAndFees_2" xlink:title="Label : CostOfSalesServicesAndFees to label_CostOfSalesServicesAndFees_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesLaborCost" xlink:label="CostOfSalesLaborCost" xlink:title="CostOfSalesLaborCost" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesLaborCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSalesLaborCost" xml:lang="en-US" id="label_CostOfSalesLaborCost">Labor cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesLaborCost" xlink:to="label_CostOfSalesLaborCost" xlink:title="Label : CostOfSalesLaborCost to label_CostOfSalesLaborCost" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesLaborCost_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesLaborCost_1" xml:lang="en-US" id="label_CostOfSalesLaborCost_1">Cost of sales labor cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesLaborCost" xlink:to="label_CostOfSalesLaborCost_1" xlink:title="Label : CostOfSalesLaborCost to label_CostOfSalesLaborCost_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesLaborCost_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesLaborCost_2" xml:lang="en-US" id="label_CostOfSalesLaborCost_2">Amount of labor cost attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesLaborCost" xlink:to="label_CostOfSalesLaborCost_2" xlink:title="Label : CostOfSalesLaborCost to label_CostOfSalesLaborCost_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:label="CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:title="CostOfSalesDepreciationOfPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment" xml:lang="en-US" id="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment">Depreciation of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:to="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:title="Label : CostOfSalesDepreciationOfPropertyPlantAndEquipment to label_CostOfSalesDepreciationOfPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_1" xml:lang="en-US" id="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_1">Cost of sales depreciation of property plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:to="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_1" xlink:title="Label : CostOfSalesDepreciationOfPropertyPlantAndEquipment to label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_2" xml:lang="en-US" id="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_2">Amount of depreciation of property, plant and equipment attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesDepreciationOfPropertyPlantAndEquipment" xlink:to="label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_2" xlink:title="Label : CostOfSalesDepreciationOfPropertyPlantAndEquipment to label_CostOfSalesDepreciationOfPropertyPlantAndEquipment_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesAmortizationOfIntangibleAssets" xlink:label="CostOfSalesAmortizationOfIntangibleAssets" xlink:title="CostOfSalesAmortizationOfIntangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesAmortizationOfIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSalesAmortizationOfIntangibleAssets" xml:lang="en-US" id="label_CostOfSalesAmortizationOfIntangibleAssets">Amortization of intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesAmortizationOfIntangibleAssets" xlink:to="label_CostOfSalesAmortizationOfIntangibleAssets" xlink:title="Label : CostOfSalesAmortizationOfIntangibleAssets to label_CostOfSalesAmortizationOfIntangibleAssets" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesAmortizationOfIntangibleAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesAmortizationOfIntangibleAssets_1" xml:lang="en-US" id="label_CostOfSalesAmortizationOfIntangibleAssets_1">Cost of sales amortization of intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesAmortizationOfIntangibleAssets" xlink:to="label_CostOfSalesAmortizationOfIntangibleAssets_1" xlink:title="Label : CostOfSalesAmortizationOfIntangibleAssets to label_CostOfSalesAmortizationOfIntangibleAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesAmortizationOfIntangibleAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesAmortizationOfIntangibleAssets_2" xml:lang="en-US" id="label_CostOfSalesAmortizationOfIntangibleAssets_2">Amount of amortization of intangible assets attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesAmortizationOfIntangibleAssets" xlink:to="label_CostOfSalesAmortizationOfIntangibleAssets_2" xlink:title="Label : CostOfSalesAmortizationOfIntangibleAssets to label_CostOfSalesAmortizationOfIntangibleAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" xlink:label="DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" xlink:title="DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" xml:lang="en-US" id="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales">Depreciation of right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" xlink:to="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" xlink:title="Label : DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales to label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_1" xml:lang="en-US" id="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_1">Depreciation of right of use assets inventory impact on cost of sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" xlink:to="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_1" xlink:title="Label : DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales to label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_1" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_2" xml:lang="en-US" id="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_2">Represents the cost of sales impact of depreciation of right-of-use assets during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" xlink:to="label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_2" xlink:title="Label : DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales to label_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesMaintenanceExpenses" xlink:label="CostOfSalesMaintenanceExpenses" xlink:title="CostOfSalesMaintenanceExpenses" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesMaintenanceExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSalesMaintenanceExpenses" xml:lang="en-US" id="label_CostOfSalesMaintenanceExpenses">Maintenance expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesMaintenanceExpenses" xlink:to="label_CostOfSalesMaintenanceExpenses" xlink:title="Label : CostOfSalesMaintenanceExpenses to label_CostOfSalesMaintenanceExpenses" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesMaintenanceExpenses_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesMaintenanceExpenses_1" xml:lang="en-US" id="label_CostOfSalesMaintenanceExpenses_1">Cost of sales maintenance expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesMaintenanceExpenses" xlink:to="label_CostOfSalesMaintenanceExpenses_1" xlink:title="Label : CostOfSalesMaintenanceExpenses to label_CostOfSalesMaintenanceExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesMaintenanceExpenses_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesMaintenanceExpenses_2" xml:lang="en-US" id="label_CostOfSalesMaintenanceExpenses_2">Amount of maintenance expenses attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesMaintenanceExpenses" xlink:to="label_CostOfSalesMaintenanceExpenses_2" xlink:title="Label : CostOfSalesMaintenanceExpenses to label_CostOfSalesMaintenanceExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesAllowanceForObsolescence" xlink:label="CostOfSalesAllowanceForObsolescence" xlink:title="CostOfSalesAllowanceForObsolescence" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesAllowanceForObsolescence" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSalesAllowanceForObsolescence" xml:lang="en-US" id="label_CostOfSalesAllowanceForObsolescence">Allowance for obsolescence</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesAllowanceForObsolescence" xlink:to="label_CostOfSalesAllowanceForObsolescence" xlink:title="Label : CostOfSalesAllowanceForObsolescence to label_CostOfSalesAllowanceForObsolescence" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesAllowanceForObsolescence_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesAllowanceForObsolescence_1" xml:lang="en-US" id="label_CostOfSalesAllowanceForObsolescence_1">Cost of sales allowance for obsolescence</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesAllowanceForObsolescence" xlink:to="label_CostOfSalesAllowanceForObsolescence_1" xlink:title="Label : CostOfSalesAllowanceForObsolescence to label_CostOfSalesAllowanceForObsolescence_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesAllowanceForObsolescence_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesAllowanceForObsolescence_2" xml:lang="en-US" id="label_CostOfSalesAllowanceForObsolescence_2">Amount of allowance for obsolescence attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesAllowanceForObsolescence" xlink:to="label_CostOfSalesAllowanceForObsolescence_2" xlink:title="Label : CostOfSalesAllowanceForObsolescence to label_CostOfSalesAllowanceForObsolescence_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesTaxes" xlink:label="CostOfSalesTaxes" xlink:title="CostOfSalesTaxes" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSalesTaxes" xml:lang="en-US" id="label_CostOfSalesTaxes">Taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesTaxes" xlink:to="label_CostOfSalesTaxes" xlink:title="Label : CostOfSalesTaxes to label_CostOfSalesTaxes" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesTaxes_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesTaxes_1" xml:lang="en-US" id="label_CostOfSalesTaxes_1">Cost of sales taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesTaxes" xlink:to="label_CostOfSalesTaxes_1" xlink:title="Label : CostOfSalesTaxes to label_CostOfSalesTaxes_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesTaxes_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesTaxes_2" xml:lang="en-US" id="label_CostOfSalesTaxes_2">Amount of tax expense attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesTaxes" xlink:to="label_CostOfSalesTaxes_2" xlink:title="Label : CostOfSalesTaxes to label_CostOfSalesTaxes_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesOther" xlink:label="CostOfSalesOther" xlink:title="CostOfSalesOther" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesOther" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CostOfSalesOther" xml:lang="en-US" id="label_CostOfSalesOther">Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesOther" xlink:to="label_CostOfSalesOther" xlink:title="Label : CostOfSalesOther to label_CostOfSalesOther" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesOther_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesOther_1" xml:lang="en-US" id="label_CostOfSalesOther_1">Cost of sales other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesOther" xlink:to="label_CostOfSalesOther_1" xlink:title="Label : CostOfSalesOther to label_CostOfSalesOther_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesOther_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesOther_2" xml:lang="en-US" id="label_CostOfSalesOther_2">Amount of other expense attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesOther" xlink:to="label_CostOfSalesOther_2" xlink:title="Label : CostOfSalesOther to label_CostOfSalesOther_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesIncludingDiscontinuedOperations" xlink:label="CostOfSalesIncludingDiscontinuedOperations" xlink:title="CostOfSalesIncludingDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesIncludingDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesIncludingDiscontinuedOperations" xml:lang="en-US" id="label_CostOfSalesIncludingDiscontinuedOperations">Cost of sales including discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesIncludingDiscontinuedOperations" xlink:to="label_CostOfSalesIncludingDiscontinuedOperations" xlink:title="Label : CostOfSalesIncludingDiscontinuedOperations to label_CostOfSalesIncludingDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesIncludingDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CostOfSalesIncludingDiscontinuedOperations_1" xml:lang="en-US" id="label_CostOfSalesIncludingDiscontinuedOperations_1">Cost of sales including discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesIncludingDiscontinuedOperations" xlink:to="label_CostOfSalesIncludingDiscontinuedOperations_1" xlink:title="Label : CostOfSalesIncludingDiscontinuedOperations to label_CostOfSalesIncludingDiscontinuedOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesIncludingDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesIncludingDiscontinuedOperations_2" xml:lang="en-US" id="label_CostOfSalesIncludingDiscontinuedOperations_2">Amount of cost of sales including discontinued operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesIncludingDiscontinuedOperations" xlink:to="label_CostOfSalesIncludingDiscontinuedOperations_2" xlink:title="Label : CostOfSalesIncludingDiscontinuedOperations to label_CostOfSalesIncludingDiscontinuedOperations_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesDiscontinuedOperations" xlink:label="CostOfSalesDiscontinuedOperations" xlink:title="CostOfSalesDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesDiscontinuedOperations" xml:lang="en-US" id="label_CostOfSalesDiscontinuedOperations">Cost of sales discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesDiscontinuedOperations" xlink:to="label_CostOfSalesDiscontinuedOperations" xlink:title="Label : CostOfSalesDiscontinuedOperations to label_CostOfSalesDiscontinuedOperations" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesDiscontinuedOperations_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_CostOfSalesDiscontinuedOperations_1" xml:lang="en-US" id="label_CostOfSalesDiscontinuedOperations_1">From discontinued operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesDiscontinuedOperations" xlink:to="label_CostOfSalesDiscontinuedOperations_1" xlink:title="Label : CostOfSalesDiscontinuedOperations to label_CostOfSalesDiscontinuedOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesDiscontinuedOperations_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesDiscontinuedOperations_2" xml:lang="en-US" id="label_CostOfSalesDiscontinuedOperations_2">Amount of expense attributable to cost of sales from discontinued operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesDiscontinuedOperations" xlink:to="label_CostOfSalesDiscontinuedOperations_2" xlink:title="Label : CostOfSalesDiscontinuedOperations to label_CostOfSalesDiscontinuedOperations_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CostOfSalesLaborCostSeveranceCharges" xlink:label="CostOfSalesLaborCostSeveranceCharges" xlink:title="CostOfSalesLaborCostSeveranceCharges" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesLaborCostSeveranceCharges" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CostOfSalesLaborCostSeveranceCharges" xml:lang="en-US" id="label_CostOfSalesLaborCostSeveranceCharges">Cost of sales, labor cost severance charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesLaborCostSeveranceCharges" xlink:to="label_CostOfSalesLaborCostSeveranceCharges" xlink:title="Label : CostOfSalesLaborCostSeveranceCharges to label_CostOfSalesLaborCostSeveranceCharges" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesLaborCostSeveranceCharges_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CostOfSalesLaborCostSeveranceCharges_1" xml:lang="en-US" id="label_CostOfSalesLaborCostSeveranceCharges_1">Amount of labor cost severance charges attributable to cost of sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesLaborCostSeveranceCharges" xlink:to="label_CostOfSalesLaborCostSeveranceCharges_1" xlink:title="Label : CostOfSalesLaborCostSeveranceCharges to label_CostOfSalesLaborCostSeveranceCharges_1" />
    <link:label xlink:type="resource" xlink:label="label_CostOfSalesLaborCostSeveranceCharges_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CostOfSalesLaborCostSeveranceCharges_2" xml:lang="en-US" id="label_CostOfSalesLaborCostSeveranceCharges_2">Cost of sales labor cost severance charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CostOfSalesLaborCostSeveranceCharges" xlink:to="label_CostOfSalesLaborCostSeveranceCharges_2" xlink:title="Label : CostOfSalesLaborCostSeveranceCharges to label_CostOfSalesLaborCostSeveranceCharges_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:label="SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:title="SellingGeneralAndAdministrativeExpensesServicesAndFees" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesServicesAndFees" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesServicesAndFees">Selling general and administrative expenses services and fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:to="label_SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:title="Label : SellingGeneralAndAdministrativeExpensesServicesAndFees to label_SellingGeneralAndAdministrativeExpensesServicesAndFees" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesServicesAndFees_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesServicesAndFees_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesServicesAndFees_1">Services and fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:to="label_SellingGeneralAndAdministrativeExpensesServicesAndFees_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesServicesAndFees to label_SellingGeneralAndAdministrativeExpensesServicesAndFees_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesServicesAndFees_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesServicesAndFees_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesServicesAndFees_2">Amount of services and fees attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesServicesAndFees" xlink:to="label_SellingGeneralAndAdministrativeExpensesServicesAndFees_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesServicesAndFees to label_SellingGeneralAndAdministrativeExpensesServicesAndFees_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesLaborCost" xlink:label="SellingGeneralAndAdministrativeExpensesLaborCost" xlink:title="SellingGeneralAndAdministrativeExpensesLaborCost" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesLaborCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesLaborCost" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesLaborCost">Selling general and administrative expenses labor cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesLaborCost" xlink:to="label_SellingGeneralAndAdministrativeExpensesLaborCost" xlink:title="Label : SellingGeneralAndAdministrativeExpensesLaborCost to label_SellingGeneralAndAdministrativeExpensesLaborCost" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesLaborCost_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesLaborCost_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesLaborCost_1">Labor cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesLaborCost" xlink:to="label_SellingGeneralAndAdministrativeExpensesLaborCost_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesLaborCost to label_SellingGeneralAndAdministrativeExpensesLaborCost_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesLaborCost_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesLaborCost_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesLaborCost_2">Amount of labor cost attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesLaborCost" xlink:to="label_SellingGeneralAndAdministrativeExpensesLaborCost_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesLaborCost to label_SellingGeneralAndAdministrativeExpensesLaborCost_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:label="SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:title="SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment">Selling general and administrative expenses depreciation of property plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:to="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:title="Label : SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment to label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_1">Amount of depreciation of property, plant and equipment attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:to="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment to label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_2">Depreciation of property, plant and equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" xlink:to="label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment to label_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" xlink:label="SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" xlink:title="SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets">Amount of amortization of depreciation of right-of-use assets attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" xlink:to="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" xlink:title="Label : SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets to label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_1">Selling general and administrative expenses depreciation of right of use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" xlink:to="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets to label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_2">Depreciation of right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" xlink:to="label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets to label_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:label="SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:title="SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses">Selling general and administrative expenses commissions freight and other selling expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:to="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:title="Label : SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses to label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_1">Commissions, freight and other selling expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:to="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses to label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_2">Amount of commissions, freight and other selling expenses attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" xlink:to="label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses to label_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:label="SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:title="SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies">Selling general and administrative expenses provisions for contingencies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:to="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:title="Label : SellingGeneralAndAdministrativeExpensesProvisionsForContingencies to label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_1">Provisions for contingencies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:to="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesProvisionsForContingencies to label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_2">Amount of provisions for contingencies attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" xlink:to="label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesProvisionsForContingencies to label_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:label="SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:title="SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts">Allowances for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:to="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:title="Label : SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts to label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_1">Amount of allowances for doubtful accounts attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:to="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts to label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_2">Selling general and administrative expenses allowances for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" xlink:to="label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts to label_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesTaxes" xlink:label="SellingGeneralAndAdministrativeExpensesTaxes" xlink:title="SellingGeneralAndAdministrativeExpensesTaxes" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesTaxes" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesTaxes">Selling general and administrative expenses taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesTaxes" xlink:to="label_SellingGeneralAndAdministrativeExpensesTaxes" xlink:title="Label : SellingGeneralAndAdministrativeExpensesTaxes to label_SellingGeneralAndAdministrativeExpensesTaxes" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesTaxes_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesTaxes_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesTaxes_1">Taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesTaxes" xlink:to="label_SellingGeneralAndAdministrativeExpensesTaxes_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesTaxes to label_SellingGeneralAndAdministrativeExpensesTaxes_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesTaxes_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesTaxes_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesTaxes_2">Amount of taxes attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesTaxes" xlink:to="label_SellingGeneralAndAdministrativeExpensesTaxes_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesTaxes to label_SellingGeneralAndAdministrativeExpensesTaxes_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesOther" xlink:label="SellingGeneralAndAdministrativeExpensesOther" xlink:title="SellingGeneralAndAdministrativeExpensesOther" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesOther" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesOther">Selling general and administrative expenses other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesOther" xlink:to="label_SellingGeneralAndAdministrativeExpensesOther" xlink:title="Label : SellingGeneralAndAdministrativeExpensesOther to label_SellingGeneralAndAdministrativeExpensesOther" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesOther_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesOther_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesOther_1">Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesOther" xlink:to="label_SellingGeneralAndAdministrativeExpensesOther_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesOther to label_SellingGeneralAndAdministrativeExpensesOther_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesOther_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesOther_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesOther_2">Amount of other expenses attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesOther" xlink:to="label_SellingGeneralAndAdministrativeExpensesOther_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesOther to label_SellingGeneralAndAdministrativeExpensesOther_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" xlink:label="SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" xlink:title="SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges">Selling, general and administrative expenses, labor cost severance charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" xlink:to="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" xlink:title="Label : SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges to label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_1" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_1">Selling general and administrative expenses labor cost severance charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" xlink:to="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_1" xlink:title="Label : SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges to label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_1" />
    <link:label xlink:type="resource" xlink:label="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_2" xml:lang="en-US" id="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_2">Amount of labor cost severance charges attributable to selling, general and administrative expenses.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" xlink:to="label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_2" xlink:title="Label : SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges to label_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:label="ShorttermEmployeeBenefitsExpense" xlink:title="ShorttermEmployeeBenefitsExpense" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermEmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShorttermEmployeeBenefitsExpense" xml:lang="en-US" id="label_ShorttermEmployeeBenefitsExpense">ifrs-full_ShorttermEmployeeBenefitsExpense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermEmployeeBenefitsExpense" xlink:to="label_ShorttermEmployeeBenefitsExpense" xlink:title="Label : ShorttermEmployeeBenefitsExpense to label_ShorttermEmployeeBenefitsExpense" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermEmployeeBenefitsExpense_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShorttermEmployeeBenefitsExpense_1" xml:lang="en-US" id="label_ShorttermEmployeeBenefitsExpense_1">Wages, salaries and social security costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermEmployeeBenefitsExpense" xlink:to="label_ShorttermEmployeeBenefitsExpense_1" xlink:title="Label : ShorttermEmployeeBenefitsExpense to label_ShorttermEmployeeBenefitsExpense_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TerminationBenefitsExpense" xlink:label="TerminationBenefitsExpense" xlink:title="TerminationBenefitsExpense" />
    <link:label xlink:type="resource" xlink:label="label_TerminationBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TerminationBenefitsExpense" xml:lang="en-US" id="label_TerminationBenefitsExpense">Severance indemnities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerminationBenefitsExpense" xlink:to="label_TerminationBenefitsExpense" xlink:title="Label : TerminationBenefitsExpense to label_TerminationBenefitsExpense" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:label="PostemploymentBenefitExpenseDefinedContributionPlans" xlink:title="PostemploymentBenefitExpenseDefinedContributionPlans" />
    <link:label xlink:type="resource" xlink:label="label_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PostemploymentBenefitExpenseDefinedContributionPlans" xml:lang="en-US" id="label_PostemploymentBenefitExpenseDefinedContributionPlans">Defined contribution plans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PostemploymentBenefitExpenseDefinedContributionPlans" xlink:to="label_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:title="Label : PostemploymentBenefitExpenseDefinedContributionPlans to label_PostemploymentBenefitExpenseDefinedContributionPlans" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:label="PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:title="PostemploymentBenefitExpenseDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PostemploymentBenefitExpenseDefinedBenefitPlans" xml:lang="en-US" id="label_PostemploymentBenefitExpenseDefinedBenefitPlans">ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="label_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:title="Label : PostemploymentBenefitExpenseDefinedBenefitPlans to label_PostemploymentBenefitExpenseDefinedBenefitPlans" />
    <link:label xlink:type="resource" xlink:label="label_PostemploymentBenefitExpenseDefinedBenefitPlans_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PostemploymentBenefitExpenseDefinedBenefitPlans_1" xml:lang="en-US" id="label_PostemploymentBenefitExpenseDefinedBenefitPlans_1">Pension benefits - defined benefit plans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="label_PostemploymentBenefitExpenseDefinedBenefitPlans_1" xlink:title="Label : PostemploymentBenefitExpenseDefinedBenefitPlans to label_PostemploymentBenefitExpenseDefinedBenefitPlans_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" xlink:label="EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" xlink:title="EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" xml:lang="en-US" id="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome">Employee retention and long-term incentive program</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" xlink:to="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" xlink:title="Label : EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome to label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_1" xml:lang="en-US" id="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_1">Employee retention and long term incentive program expenses (income)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" xlink:to="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_1" xlink:title="Label : EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome to label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_2" xml:lang="en-US" id="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_2">The amount of expense in relation to employee retention and long-term incentive program expenses (income).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" xlink:to="label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_2" xlink:title="Label : EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome to label_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="EmployeeBenefitsExpense" xlink:title="EmployeeBenefitsExpense" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EmployeeBenefitsExpense" xml:lang="en-US" id="label_EmployeeBenefitsExpense">Total employee benefits expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExpense" xlink:to="label_EmployeeBenefitsExpense" xlink:title="Label : EmployeeBenefitsExpense to label_EmployeeBenefitsExpense" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExpense_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EmployeeBenefitsExpense_1" xml:lang="en-US" id="label_EmployeeBenefitsExpense_1">ifrs-full_EmployeeBenefitsExpense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExpense" xlink:to="label_EmployeeBenefitsExpense_1" xlink:title="Label : EmployeeBenefitsExpense to label_EmployeeBenefitsExpense_1" />
    <link:label xlink:type="resource" xlink:label="label_EmployeeBenefitsExpense_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_EmployeeBenefitsExpense_2" xml:lang="en-US" id="label_EmployeeBenefitsExpense_2">Total employee benefits expense</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EmployeeBenefitsExpense" xlink:to="label_EmployeeBenefitsExpense_2" xlink:title="Label : EmployeeBenefitsExpense to label_EmployeeBenefitsExpense_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfGeographicalAreasTable" xlink:label="DisclosureOfGeographicalAreasTable" xlink:title="DisclosureOfGeographicalAreasTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGeographicalAreasTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfGeographicalAreasTable" xml:lang="en-US" id="label_DisclosureOfGeographicalAreasTable">Disclosure of geographical areas [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGeographicalAreasTable" xlink:to="label_DisclosureOfGeographicalAreasTable" xlink:title="Label : DisclosureOfGeographicalAreasTable to label_DisclosureOfGeographicalAreasTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_MX" xlink:label="MX" xlink:title="MX" />
    <link:label xlink:type="resource" xlink:label="label_MX" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MX" xml:lang="en-US" id="label_MX">Mexico</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MX" xlink:to="label_MX" xlink:title="Label : MX to label_MX" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_BR" xlink:label="BR" xlink:title="BR" />
    <link:label xlink:type="resource" xlink:label="label_BR" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BR" xml:lang="en-US" id="label_BR">Brazil</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BR" xlink:to="label_BR" xlink:title="Label : BR to label_BR" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_RO" xlink:label="RO" xlink:title="RO" />
    <link:label xlink:type="resource" xlink:label="label_RO" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RO" xml:lang="en-US" id="label_RO">Romania</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RO" xlink:to="label_RO" xlink:title="Label : RO to label_RO" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_CO" xlink:label="CO" xlink:title="CO" />
    <link:label xlink:type="resource" xlink:label="label_CO" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CO" xml:lang="en-US" id="label_CO">Colombia</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CO" xlink:to="label_CO" xlink:title="Label : CO to label_CO" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_ID" xlink:label="ID" xlink:title="ID" />
    <link:label xlink:type="resource" xlink:label="label_ID" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ID" xml:lang="en-US" id="label_ID">Indonesia</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ID" xlink:to="label_ID" xlink:title="Label : ID to label_ID" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_JP" xlink:label="JP" xlink:title="JP" />
    <link:label xlink:type="resource" xlink:label="label_JP" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JP" xml:lang="en-US" id="label_JP">Japan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JP" xlink:to="label_JP" xlink:title="Label : JP to label_JP" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherGeographicalAreasMember" xlink:label="OtherGeographicalAreasMember" xlink:title="OtherGeographicalAreasMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherGeographicalAreasMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherGeographicalAreasMember" xml:lang="en-US" id="label_OtherGeographicalAreasMember">Geographical areas not otherwise defined.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherGeographicalAreasMember" xlink:to="label_OtherGeographicalAreasMember" xlink:title="Label : OtherGeographicalAreasMember to label_OtherGeographicalAreasMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherGeographicalAreasMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherGeographicalAreasMember_1" xml:lang="en-US" id="label_OtherGeographicalAreasMember_1">Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherGeographicalAreasMember" xlink:to="label_OtherGeographicalAreasMember_1" xlink:title="Label : OtherGeographicalAreasMember to label_OtherGeographicalAreasMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfGeographicalAreasLineItems" xlink:label="DisclosureOfGeographicalAreasLineItems" xlink:title="DisclosureOfGeographicalAreasLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfGeographicalAreasLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfGeographicalAreasLineItems" xml:lang="en-US" id="label_DisclosureOfGeographicalAreasLineItems">Disclosure of geographical areas [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfGeographicalAreasLineItems" xlink:to="label_DisclosureOfGeographicalAreasLineItems" xlink:title="Label : DisclosureOfGeographicalAreasLineItems to label_DisclosureOfGeographicalAreasLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NumberOfEmployees" xlink:label="NumberOfEmployees" xlink:title="NumberOfEmployees" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfEmployees" xml:lang="en-US" id="label_NumberOfEmployees">ifrs-full_NumberOfEmployees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfEmployees" xlink:to="label_NumberOfEmployees" xlink:title="Label : NumberOfEmployees to label_NumberOfEmployees" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfEmployees_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfEmployees_1" xml:lang="en-US" id="label_NumberOfEmployees_1">Number of employees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfEmployees" xlink:to="label_NumberOfEmployees_1" xlink:title="Label : NumberOfEmployees to label_NumberOfEmployees_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedTable" xlink:label="DisclosureOfImpairmentLossRecognisedOrReversedTable" xlink:title="DisclosureOfImpairmentLossRecognisedOrReversedTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfImpairmentLossRecognisedOrReversedTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfImpairmentLossRecognisedOrReversedTable" xml:lang="en-US" id="label_DisclosureOfImpairmentLossRecognisedOrReversedTable">Disclosure of impairment loss recognised or reversed for cash-generating unit [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfImpairmentLossRecognisedOrReversedTable" xlink:to="label_DisclosureOfImpairmentLossRecognisedOrReversedTable" xlink:title="Label : DisclosureOfImpairmentLossRecognisedOrReversedTable to label_DisclosureOfImpairmentLossRecognisedOrReversedTable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NkktubesMember" xlink:label="NkktubesMember" xlink:title="NkktubesMember" />
    <link:label xlink:type="resource" xlink:label="label_NkktubesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NkktubesMember" xml:lang="en-US" id="label_NkktubesMember">NKKTUBES [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NkktubesMember" xlink:to="label_NkktubesMember" xlink:title="Label : NkktubesMember to label_NkktubesMember" />
    <link:label xlink:type="resource" xlink:label="label_NkktubesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NkktubesMember_1" xml:lang="en-US" id="label_NkktubesMember_1">The entity NKKTUBES.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NkktubesMember" xlink:to="label_NkktubesMember_1" xlink:title="Label : NkktubesMember to label_NkktubesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:label="IndividualAssetsOrCashgeneratingUnitsAxis" xlink:title="IndividualAssetsOrCashgeneratingUnitsAxis" />
    <link:label xlink:type="resource" xlink:label="label_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndividualAssetsOrCashgeneratingUnitsAxis" xml:lang="en-US" id="label_IndividualAssetsOrCashgeneratingUnitsAxis">Individual assets or cash-generating units [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndividualAssetsOrCashgeneratingUnitsAxis" xlink:to="label_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:title="Label : IndividualAssetsOrCashgeneratingUnitsAxis to label_IndividualAssetsOrCashgeneratingUnitsAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:label="EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:title="EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" />
    <link:label xlink:type="resource" xlink:label="label_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xml:lang="en-US" id="label_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember">Entity's total for individual assets or cash-generating units [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:to="label_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:title="Label : EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember to label_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IPSCOMember" xlink:label="IPSCOMember" xlink:title="IPSCOMember" />
    <link:label xlink:type="resource" xlink:label="label_IPSCOMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IPSCOMember" xml:lang="en-US" id="label_IPSCOMember">IPSCO [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IPSCOMember" xlink:to="label_IPSCOMember" xlink:title="Label : IPSCOMember to label_IPSCOMember" />
    <link:label xlink:type="resource" xlink:label="label_IPSCOMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IPSCOMember_1" xml:lang="en-US" id="label_IPSCOMember_1">The cash generating unit IPSCO.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IPSCOMember" xlink:to="label_IPSCOMember_1" xlink:title="Label : IPSCOMember to label_IPSCOMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CoiledTubingMember" xlink:label="CoiledTubingMember" xlink:title="CoiledTubingMember" />
    <link:label xlink:type="resource" xlink:label="label_CoiledTubingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CoiledTubingMember" xml:lang="en-US" id="label_CoiledTubingMember">Coiled Tubing [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoiledTubingMember" xlink:to="label_CoiledTubingMember" xlink:title="Label : CoiledTubingMember to label_CoiledTubingMember" />
    <link:label xlink:type="resource" xlink:label="label_CoiledTubingMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CoiledTubingMember_1" xml:lang="en-US" id="label_CoiledTubingMember_1">The cash generating unit Coiled Tubing.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CoiledTubingMember" xlink:to="label_CoiledTubingMember_1" xlink:title="Label : CoiledTubingMember to label_CoiledTubingMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_RodsUSAMember" xlink:label="RodsUSAMember" xlink:title="RodsUSAMember" />
    <link:label xlink:type="resource" xlink:label="label_RodsUSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RodsUSAMember" xml:lang="en-US" id="label_RodsUSAMember">Rods USA [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RodsUSAMember" xlink:to="label_RodsUSAMember" xlink:title="Label : RodsUSAMember to label_RodsUSAMember" />
    <link:label xlink:type="resource" xlink:label="label_RodsUSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RodsUSAMember_1" xml:lang="en-US" id="label_RodsUSAMember_1">The cash generating unit Rods (USA).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RodsUSAMember" xlink:to="label_RodsUSAMember_1" xlink:title="Label : RodsUSAMember to label_RodsUSAMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems" xlink:label="DisclosureOfImpairmentLossRecognisedOrReversedLineItems" xlink:title="DisclosureOfImpairmentLossRecognisedOrReversedLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfImpairmentLossRecognisedOrReversedLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfImpairmentLossRecognisedOrReversedLineItems" xml:lang="en-US" id="label_DisclosureOfImpairmentLossRecognisedOrReversedLineItems">Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfImpairmentLossRecognisedOrReversedLineItems" xlink:to="label_DisclosureOfImpairmentLossRecognisedOrReversedLineItems" xlink:title="Label : DisclosureOfImpairmentLossRecognisedOrReversedLineItems to label_DisclosureOfImpairmentLossRecognisedOrReversedLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_GrowthRatesUsedInCurrentEstimateOfValueInUse" xlink:label="GrowthRatesUsedInCurrentEstimateOfValueInUse" xlink:title="GrowthRatesUsedInCurrentEstimateOfValueInUse" />
    <link:label xlink:type="resource" xlink:label="label_GrowthRatesUsedInCurrentEstimateOfValueInUse" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GrowthRatesUsedInCurrentEstimateOfValueInUse" xml:lang="en-US" id="label_GrowthRatesUsedInCurrentEstimateOfValueInUse">The growth rate used in the current estimate of the present value of the future cash flows expected to be derived from an asset or cash-generating unit.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrowthRatesUsedInCurrentEstimateOfValueInUse" xlink:to="label_GrowthRatesUsedInCurrentEstimateOfValueInUse" xlink:title="Label : GrowthRatesUsedInCurrentEstimateOfValueInUse to label_GrowthRatesUsedInCurrentEstimateOfValueInUse" />
    <link:label xlink:type="resource" xlink:label="label_GrowthRatesUsedInCurrentEstimateOfValueInUse_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrowthRatesUsedInCurrentEstimateOfValueInUse_1" xml:lang="en-US" id="label_GrowthRatesUsedInCurrentEstimateOfValueInUse_1">Growth rates used in current estimate of value in use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrowthRatesUsedInCurrentEstimateOfValueInUse" xlink:to="label_GrowthRatesUsedInCurrentEstimateOfValueInUse_1" xlink:title="Label : GrowthRatesUsedInCurrentEstimateOfValueInUse to label_GrowthRatesUsedInCurrentEstimateOfValueInUse_1" />
    <link:label xlink:type="resource" xlink:label="label_GrowthRatesUsedInCurrentEstimateOfValueInUse_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GrowthRatesUsedInCurrentEstimateOfValueInUse_2" xml:lang="en-US" id="label_GrowthRatesUsedInCurrentEstimateOfValueInUse_2">Growth rate used in current estimate of value in use</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrowthRatesUsedInCurrentEstimateOfValueInUse" xlink:to="label_GrowthRatesUsedInCurrentEstimateOfValueInUse_2" xlink:title="Label : GrowthRatesUsedInCurrentEstimateOfValueInUse to label_GrowthRatesUsedInCurrentEstimateOfValueInUse_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CarryingAmountAfterImpairment" xlink:label="CarryingAmountAfterImpairment" xlink:title="CarryingAmountAfterImpairment" />
    <link:label xlink:type="resource" xlink:label="label_CarryingAmountAfterImpairment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CarryingAmountAfterImpairment" xml:lang="en-US" id="label_CarryingAmountAfterImpairment">The carrying amount after impairment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountAfterImpairment" xlink:to="label_CarryingAmountAfterImpairment" xlink:title="Label : CarryingAmountAfterImpairment to label_CarryingAmountAfterImpairment" />
    <link:label xlink:type="resource" xlink:label="label_CarryingAmountAfterImpairment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CarryingAmountAfterImpairment_1" xml:lang="en-US" id="label_CarryingAmountAfterImpairment_1">Carrying amount after impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountAfterImpairment" xlink:to="label_CarryingAmountAfterImpairment_1" xlink:title="Label : CarryingAmountAfterImpairment to label_CarryingAmountAfterImpairment_1" />
    <link:label xlink:type="resource" xlink:label="label_CarryingAmountAfterImpairment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingAmountAfterImpairment_2" xml:lang="en-US" id="label_CarryingAmountAfterImpairment_2">Carrying amount after impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountAfterImpairment" xlink:to="label_CarryingAmountAfterImpairment_2" xlink:title="Label : CarryingAmountAfterImpairment to label_CarryingAmountAfterImpairment_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:label="InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:title="InvestmentsInJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xml:lang="en-US" id="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod">Investments in joint ventures accounted for using equity method</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:title="Label : InvestmentsInJointVenturesAccountedForUsingEquityMethod to label_InvestmentsInJointVenturesAccountedForUsingEquityMethod" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_1" xml:lang="en-US" id="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_1">Carrying amounts after the recognition of impairment charges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_1" xlink:title="Label : InvestmentsInJointVenturesAccountedForUsingEquityMethod to label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2" xml:lang="en-US" id="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2">Investment in joint venture</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:to="label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2" xlink:title="Label : InvestmentsInJointVenturesAccountedForUsingEquityMethod to label_InvestmentsInJointVenturesAccountedForUsingEquityMethod_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" xlink:label="PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" xlink:title="PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" xml:lang="en-US" id="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment">Percentage of reasonably possible increase (decrease) in key assumption resulting additional impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" xlink:to="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" xlink:title="Label : PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment to label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_1" xml:lang="en-US" id="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_1">The reasonably possible percentage of the increase (decrease) in the key assumption resulting additional impairment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" xlink:to="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_1" xlink:title="Label : PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment to label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_2" xml:lang="en-US" id="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_2">Percentage of reasonably possible increase (decrease) in key assumption resulting additional impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" xlink:to="label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_2" xlink:title="Label : PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment to label_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" xlink:label="DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" xlink:title="DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" xml:lang="en-US" id="label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable">Disclosure of detailed information about other operating income and expenses [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" xlink:to="label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" xlink:title="Label : DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable to label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BusinessDivestituresAxis" xlink:to="label_BusinessDivestituresAxis_1" xlink:title="Label : BusinessDivestituresAxis to label_BusinessDivestituresAxis_1" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_GenevaStructuralTubesLlcMember" xlink:label="GenevaStructuralTubesLlcMember" xlink:title="GenevaStructuralTubesLlcMember" />
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    <link:label xlink:type="resource" xlink:label="label_GenevaStructuralTubesLlcMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GenevaStructuralTubesLlcMember_1" xml:lang="en-US" id="label_GenevaStructuralTubesLlcMember_1">Geneva Structural Tubes LLC (&#x201C;Geneva&#x201D;)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GenevaStructuralTubesLlcMember" xlink:to="label_GenevaStructuralTubesLlcMember_1" xlink:title="Label : GenevaStructuralTubesLlcMember to label_GenevaStructuralTubesLlcMember_1" />
    <link:label xlink:type="resource" xlink:label="label_GenevaStructuralTubesLlcMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GenevaStructuralTubesLlcMember_2" xml:lang="en-US" id="label_GenevaStructuralTubesLlcMember_2">This member stands for the information pertaining to Geneva Structural Tubes LLC (&#x201C;Geneva&#x201D;), a acquiree in a material business divestitures.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GenevaStructuralTubesLlcMember" xlink:to="label_GenevaStructuralTubesLlcMember_2" xlink:title="Label : GenevaStructuralTubesLlcMember to label_GenevaStructuralTubesLlcMember_2" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EntitySTotalForBusinessDivestituresAcquirerDomain" xlink:label="EntitySTotalForBusinessDivestituresAcquirerDomain" xlink:title="EntitySTotalForBusinessDivestituresAcquirerDomain" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitySTotalForBusinessDivestituresAcquirerDomain" xlink:to="label_EntitySTotalForBusinessDivestituresAcquirerDomain_1" xlink:title="Label : EntitySTotalForBusinessDivestituresAcquirerDomain to label_EntitySTotalForBusinessDivestituresAcquirerDomain_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MkkUsaIncMember" xlink:label="MkkUsaIncMember" xlink:title="MkkUsaIncMember" />
    <link:label xlink:type="resource" xlink:label="label_MkkUsaIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MkkUsaIncMember" xml:lang="en-US" id="label_MkkUsaIncMember">Mkk Usa Inc [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MkkUsaIncMember" xlink:to="label_MkkUsaIncMember" xlink:title="Label : MkkUsaIncMember to label_MkkUsaIncMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MkkUsaIncMember" xlink:to="label_MkkUsaIncMember_1" xlink:title="Label : MkkUsaIncMember to label_MkkUsaIncMember_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MkkUsaIncMember" xlink:to="label_MkkUsaIncMember_2" xlink:title="Label : MkkUsaIncMember to label_MkkUsaIncMember_2" />
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    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems_1" xml:lang="en-US" id="label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems_1">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems" xlink:to="label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems_1" xlink:title="Label : DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems to label_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:label="TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:title="TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:to="label_TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:title="Label : TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity to label_TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" xlink:label="TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" xlink:title="TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" />
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    <link:label xlink:type="resource" xlink:label="label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_1" xml:lang="en-US" id="label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_1">The amount of tax credit from Program of Social Integration (&#x201C;PIS&#x201D;) and Contribution for Financing of Social Security (&#x201C;COFINS&#x201D;) recognized in other operating income during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" xlink:to="label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_1" xlink:title="Label : TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome to label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_2" xml:lang="en-US" id="label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_2">Tax recovery in Brazilian subsidiaries</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" xlink:to="label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_3" xlink:title="Label : TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome to label_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_InterestIncomeOnTaxAssets" xlink:label="InterestIncomeOnTaxAssets" xlink:title="InterestIncomeOnTaxAssets" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnTaxAssets" xlink:to="label_InterestIncomeOnTaxAssets" xlink:title="Label : InterestIncomeOnTaxAssets to label_InterestIncomeOnTaxAssets" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnTaxAssets" xlink:to="label_InterestIncomeOnTaxAssets_1" xlink:title="Label : InterestIncomeOnTaxAssets to label_InterestIncomeOnTaxAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOnTaxAssets_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestIncomeOnTaxAssets_2" xml:lang="en-US" id="label_InterestIncomeOnTaxAssets_2">Tax credit from PIS and COFINS recognized in financial results</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnTaxAssets" xlink:to="label_InterestIncomeOnTaxAssets_2" xlink:title="Label : InterestIncomeOnTaxAssets to label_InterestIncomeOnTaxAssets_2" />
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOnTaxAssets_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InterestIncomeOnTaxAssets_3" xml:lang="en-US" id="label_InterestIncomeOnTaxAssets_3">The amount of interest income on tax assets during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnTaxAssets" xlink:to="label_InterestIncomeOnTaxAssets_3" xlink:title="Label : InterestIncomeOnTaxAssets to label_InterestIncomeOnTaxAssets_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:label="TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:title="TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" />
    <link:label xlink:type="resource" xlink:label="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xml:lang="en-US" id="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity">The amount of tax expense on gain from tax claims of Program of Social Integration (&#x201C;PIS&#x201D;) and Contribution for Financing of Social Security (&#x201C;COFINS&#x201D;) during the reporting period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:to="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:title="Label : TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity to label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" />
    <link:label xlink:type="resource" xlink:label="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_1" xml:lang="en-US" id="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_1">Tax expense on gain from tax claims of Program of Social Integration and Contribution for Financing of Social Security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:to="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_1" xlink:title="Label : TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity to label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_2" xml:lang="en-US" id="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_2">Tax charge related to gain from tax claims of PIS and COFINS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" xlink:to="label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_2" xlink:title="Label : TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity to label_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentageOfVotingEquityInterestsDivested" xlink:label="PercentageOfVotingEquityInterestsDivested" xlink:title="PercentageOfVotingEquityInterestsDivested" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsDivested" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfVotingEquityInterestsDivested" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsDivested">The percentage of the voting equity interests divested in a business divestiture.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsDivested" xlink:to="label_PercentageOfVotingEquityInterestsDivested" xlink:title="Label : PercentageOfVotingEquityInterestsDivested to label_PercentageOfVotingEquityInterestsDivested" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsDivested_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfVotingEquityInterestsDivested_1" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsDivested_1">Percentage of voting equity interests divested</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsDivested" xlink:to="label_PercentageOfVotingEquityInterestsDivested_1" xlink:title="Label : PercentageOfVotingEquityInterestsDivested to label_PercentageOfVotingEquityInterestsDivested_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsDivested_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfVotingEquityInterestsDivested_2" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsDivested_2">Percentage of voting equity interests divested</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsDivested" xlink:to="label_PercentageOfVotingEquityInterestsDivested_2" xlink:title="Label : PercentageOfVotingEquityInterestsDivested to label_PercentageOfVotingEquityInterestsDivested_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ConsiderationPaidReceived" xlink:label="ConsiderationPaidReceived" xlink:title="ConsiderationPaidReceived" />
    <link:label xlink:type="resource" xlink:label="label_ConsiderationPaidReceived" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConsiderationPaidReceived" xml:lang="en-US" id="label_ConsiderationPaidReceived">Consideration paid (received)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationPaidReceived" xlink:to="label_ConsiderationPaidReceived" xlink:title="Label : ConsiderationPaidReceived to label_ConsiderationPaidReceived" />
    <link:label xlink:type="resource" xlink:label="label_ConsiderationPaidReceived_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ConsiderationPaidReceived_1" xml:lang="en-US" id="label_ConsiderationPaidReceived_1">Aggregate selling price of subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConsiderationPaidReceived" xlink:to="label_ConsiderationPaidReceived_1" xlink:title="Label : ConsiderationPaidReceived to label_ConsiderationPaidReceived_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:label="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:title="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xml:lang="en-US" id="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost">Gains (losses) recognised when control of subsidiary is lost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:to="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:title="Label : GainsLossesRecognisedWhenControlInSubsidiaryIsLost to label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1" xml:lang="en-US" id="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1">Gain on sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesRecognisedWhenControlInSubsidiaryIsLost" xlink:to="label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1" xlink:title="Label : GainsLossesRecognisedWhenControlInSubsidiaryIsLost to label_GainsLossesRecognisedWhenControlInSubsidiaryIsLost_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherOperatingIncomeAbstract" xlink:label="OtherOperatingIncomeAbstract" xlink:title="OtherOperatingIncomeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingIncomeAbstract" xml:lang="en-US" id="label_OtherOperatingIncomeAbstract">Other operating income:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeAbstract" xlink:to="label_OtherOperatingIncomeAbstract" xlink:title="Label : OtherOperatingIncomeAbstract to label_OtherOperatingIncomeAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherOperatingIncomeNetIncomeFromOtherSales" xlink:label="OtherOperatingIncomeNetIncomeFromOtherSales" xlink:title="OtherOperatingIncomeNetIncomeFromOtherSales" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeNetIncomeFromOtherSales" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherOperatingIncomeNetIncomeFromOtherSales" xml:lang="en-US" id="label_OtherOperatingIncomeNetIncomeFromOtherSales">Net income from other sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeNetIncomeFromOtherSales" xlink:to="label_OtherOperatingIncomeNetIncomeFromOtherSales" xlink:title="Label : OtherOperatingIncomeNetIncomeFromOtherSales to label_OtherOperatingIncomeNetIncomeFromOtherSales" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeNetIncomeFromOtherSales_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingIncomeNetIncomeFromOtherSales_1" xml:lang="en-US" id="label_OtherOperatingIncomeNetIncomeFromOtherSales_1">Other operating income net income from other sales</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeNetIncomeFromOtherSales" xlink:to="label_OtherOperatingIncomeNetIncomeFromOtherSales_1" xlink:title="Label : OtherOperatingIncomeNetIncomeFromOtherSales to label_OtherOperatingIncomeNetIncomeFromOtherSales_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeNetIncomeFromOtherSales_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherOperatingIncomeNetIncomeFromOtherSales_2" xml:lang="en-US" id="label_OtherOperatingIncomeNetIncomeFromOtherSales_2">Amount of other operating income attributable to net income from other sales.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeNetIncomeFromOtherSales" xlink:to="label_OtherOperatingIncomeNetIncomeFromOtherSales_2" xlink:title="Label : OtherOperatingIncomeNetIncomeFromOtherSales to label_OtherOperatingIncomeNetIncomeFromOtherSales_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RentalIncome" xlink:label="RentalIncome" xlink:title="RentalIncome" />
    <link:label xlink:type="resource" xlink:label="label_RentalIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RentalIncome" xml:lang="en-US" id="label_RentalIncome">Rental income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalIncome" xlink:to="label_RentalIncome" xlink:title="Label : RentalIncome to label_RentalIncome" />
    <link:label xlink:type="resource" xlink:label="label_RentalIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RentalIncome_1" xml:lang="en-US" id="label_RentalIncome_1">Net rents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RentalIncome" xlink:to="label_RentalIncome_1" xlink:title="Label : RentalIncome to label_RentalIncome_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MiscellaneousOtherOperatingIncome" xlink:label="MiscellaneousOtherOperatingIncome" xlink:title="MiscellaneousOtherOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_MiscellaneousOtherOperatingIncome" xml:lang="en-US" id="label_MiscellaneousOtherOperatingIncome">Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingIncome" xlink:to="label_MiscellaneousOtherOperatingIncome" xlink:title="Label : MiscellaneousOtherOperatingIncome to label_MiscellaneousOtherOperatingIncome" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherOperatingIncome_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousOtherOperatingIncome_1" xml:lang="en-US" id="label_MiscellaneousOtherOperatingIncome_1">ifrs-full_MiscellaneousOtherOperatingIncome</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherOperatingIncome" xlink:to="label_MiscellaneousOtherOperatingIncome_1" xlink:title="Label : MiscellaneousOtherOperatingIncome to label_MiscellaneousOtherOperatingIncome_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" xlink:label="OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" xlink:title="OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" xml:lang="en-US" id="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts">Amount of other operating income attributable to recovery on allowance for doubtful accounts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" xlink:to="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" xlink:title="Label : OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts to label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_1" xml:lang="en-US" id="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_1">Recovery on allowance for doubtful receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" xlink:to="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_1" xlink:title="Label : OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts to label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_2" xml:lang="en-US" id="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_2">Other operating income recovery on allowance for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" xlink:to="label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_2" xlink:title="Label : OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts to label_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherOperatingExpensesAbstract" xlink:label="OtherOperatingExpensesAbstract" xlink:title="OtherOperatingExpensesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpensesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingExpensesAbstract" xml:lang="en-US" id="label_OtherOperatingExpensesAbstract">Other operating expenses:</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpensesAbstract" xlink:to="label_OtherOperatingExpensesAbstract" xlink:title="Label : OtherOperatingExpensesAbstract to label_OtherOperatingExpensesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:label="OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:title="OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xml:lang="en-US" id="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations">Contributions to welfare projects and non-profits organizations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:to="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:title="Label : OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations to label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_1" xml:lang="en-US" id="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_1">Other operating expense contributions to welfare projects and nonprofits organizations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:to="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_1" xlink:title="Label : OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations to label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_2" xml:lang="en-US" id="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_2">Amount of other operating expense attributable to contributions to welfare projects and non-profits organizations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" xlink:to="label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_2" xlink:title="Label : OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations to label_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:label="OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:title="OtherOperatingExpensesAllowanceForDoubtfulReceivables" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables" xml:lang="en-US" id="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables">Allowance for doubtful receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:to="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:title="Label : OtherOperatingExpensesAllowanceForDoubtfulReceivables to label_OtherOperatingExpensesAllowanceForDoubtfulReceivables" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_1" xml:lang="en-US" id="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_1">Other operating expenses allowance for doubtful receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:to="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_1" xlink:title="Label : OtherOperatingExpensesAllowanceForDoubtfulReceivables to label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_2" xml:lang="en-US" id="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_2">Amount of other operating expenses attributable to allowance for doubtful receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpensesAllowanceForDoubtfulReceivables" xlink:to="label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_2" xlink:title="Label : OtherOperatingExpensesAllowanceForDoubtfulReceivables to label_OtherOperatingExpensesAllowanceForDoubtfulReceivables_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:title="InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xml:lang="en-US" id="label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss">Interest related to instruments carried at FVPL</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:to="label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:title="Label : InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss to label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_1" xml:lang="en-US" id="label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_1">Interest income on financial assets designated at fair value through profit or loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:to="label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_1" xlink:title="Label : InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss to label_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevenueFromInterest" xlink:label="RevenueFromInterest" xlink:title="RevenueFromInterest" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromInterest" xml:lang="en-US" id="label_RevenueFromInterest">Interest Income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromInterest" xlink:to="label_RevenueFromInterest" xlink:title="Label : RevenueFromInterest to label_RevenueFromInterest" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:label="NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:title="NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" />
    <link:label xlink:type="resource" xlink:label="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xml:lang="en-US" id="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL">Net financial income on changes in FV of financial assets at FVTPL</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:to="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:title="Label : NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL to label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" />
    <link:label xlink:type="resource" xlink:label="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_1" xml:lang="en-US" id="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_1">Represents the net financial income on changes in fair value of financial assets at fair value through profit os loss.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:to="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_1" xlink:title="Label : NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL to label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_1" />
    <link:label xlink:type="resource" xlink:label="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_2" xml:lang="en-US" id="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_2">Net result on changes in FV of financial assets at FVPL</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" xlink:to="label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_2" xlink:title="Label : NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL to label_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossOnFinancialAssets" xlink:label="ImpairmentLossOnFinancialAssets" xlink:title="ImpairmentLossOnFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossOnFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ImpairmentLossOnFinancialAssets" xml:lang="en-US" id="label_ImpairmentLossOnFinancialAssets">Impairment result on financial assets at FVTOCI</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossOnFinancialAssets" xlink:to="label_ImpairmentLossOnFinancialAssets" xlink:title="Label : ImpairmentLossOnFinancialAssets to label_ImpairmentLossOnFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossOnFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentLossOnFinancialAssets_1" xml:lang="en-US" id="label_ImpairmentLossOnFinancialAssets_1">Impairment loss on financial assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossOnFinancialAssets" xlink:to="label_ImpairmentLossOnFinancialAssets_1" xlink:title="Label : ImpairmentLossOnFinancialAssets to label_ImpairmentLossOnFinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:label="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:title="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xml:lang="en-US" id="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss">Foreign exchange gain (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:title="Label : GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss to label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_1" xml:lang="en-US" id="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_1">Net foreign exchange transactions results</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_1" xlink:title="Label : GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss to label_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeDerivativesContractsResults" xlink:label="ForeignExchangeDerivativesContractsResults" xlink:title="ForeignExchangeDerivativesContractsResults" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeDerivativesContractsResults" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeDerivativesContractsResults" xml:lang="en-US" id="label_ForeignExchangeDerivativesContractsResults">Foreign exchange derivatives contracts results</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeDerivativesContractsResults" xlink:to="label_ForeignExchangeDerivativesContractsResults" xlink:title="Label : ForeignExchangeDerivativesContractsResults to label_ForeignExchangeDerivativesContractsResults" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeDerivativesContractsResults_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeDerivativesContractsResults_1" xml:lang="en-US" id="label_ForeignExchangeDerivativesContractsResults_1">The amount of income or cost associated with foreign exchange derivatives contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeDerivativesContractsResults" xlink:to="label_ForeignExchangeDerivativesContractsResults_1" xlink:title="Label : ForeignExchangeDerivativesContractsResults to label_ForeignExchangeDerivativesContractsResults_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherFinanceCost" xlink:label="OtherFinanceCost" xlink:title="OtherFinanceCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherFinanceCost" xml:lang="en-US" id="label_OtherFinanceCost">Other finance cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost" xlink:title="Label : OtherFinanceCost to label_OtherFinanceCost" />
    <link:label xlink:type="resource" xlink:label="label_OtherFinanceCost_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherFinanceCost_1" xml:lang="en-US" id="label_OtherFinanceCost_1">Other</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherFinanceCost" xlink:to="label_OtherFinanceCost_1" xlink:title="Label : OtherFinanceCost to label_OtherFinanceCost_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ArgentinaAndMexicoMember" xlink:label="ArgentinaAndMexicoMember" xlink:title="ArgentinaAndMexicoMember" />
    <link:label xlink:type="resource" xlink:label="label_ArgentinaAndMexicoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ArgentinaAndMexicoMember" xml:lang="en-US" id="label_ArgentinaAndMexicoMember">Argentina And Mexico [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentinaAndMexicoMember" xlink:to="label_ArgentinaAndMexicoMember" xlink:title="Label : ArgentinaAndMexicoMember to label_ArgentinaAndMexicoMember" />
    <link:label xlink:type="resource" xlink:label="label_ArgentinaAndMexicoMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ArgentinaAndMexicoMember_1" xml:lang="en-US" id="label_ArgentinaAndMexicoMember_1">Argentina and Mexico</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentinaAndMexicoMember" xlink:to="label_ArgentinaAndMexicoMember_1" xlink:title="Label : ArgentinaAndMexicoMember to label_ArgentinaAndMexicoMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ArgentinaAndMexicoMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ArgentinaAndMexicoMember_2" xml:lang="en-US" id="label_ArgentinaAndMexicoMember_2">This member stands for the information pertaining to "Argentina and Mexico", a geographical region of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentinaAndMexicoMember" xlink:to="label_ArgentinaAndMexicoMember_2" xlink:title="Label : ArgentinaAndMexicoMember to label_ArgentinaAndMexicoMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ApplicableTaxRate" xlink:title="ApplicableTaxRate" />
    <link:label xlink:type="resource" xlink:label="label_ApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ApplicableTaxRate" xml:lang="en-US" id="label_ApplicableTaxRate">Applicable tax rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ApplicableTaxRate" xlink:to="label_ApplicableTaxRate" xlink:title="Label : ApplicableTaxRate to label_ApplicableTaxRate" />
    <link:label xlink:type="resource" xlink:label="label_ApplicableTaxRate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ApplicableTaxRate_1" xml:lang="en-US" id="label_ApplicableTaxRate_1">Corporate income tax rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ApplicableTaxRate" xlink:to="label_ApplicableTaxRate_1" xlink:title="Label : ApplicableTaxRate to label_ApplicableTaxRate_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" xlink:label="AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" xlink:title="AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" xml:lang="en-US" id="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss">After tax effect of expense not deductible in determining profit loss</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" xlink:to="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" xlink:title="Label : AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss to label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_1" xml:lang="en-US" id="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_1">After tax effect of expense not deductible in determining profit (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" xlink:to="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_1" xlink:title="Label : AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss to label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_1" />
    <link:label xlink:type="resource" xlink:label="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_2" xml:lang="en-US" id="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_2">The amount represents the difference between the after tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to expenses not deductible in determining profit (loss).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" xlink:to="label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_2" xlink:title="Label : AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss to label_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" xlink:label="ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" xlink:title="ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" />
    <link:label xlink:type="resource" xlink:label="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" xml:lang="en-US" id="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations">Charge related to withholding taxes for intra group international operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" xlink:to="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" xlink:title="Label : ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations to label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" />
    <link:label xlink:type="resource" xlink:label="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_1" xml:lang="en-US" id="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_1">Represents the amount of charge related to withholding taxes for intra group international operations during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" xlink:to="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_1" xlink:title="Label : ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations to label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_1" />
    <link:label xlink:type="resource" xlink:label="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_2" xml:lang="en-US" id="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_2">Charge related to withholding taxes for intra group international operations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" xlink:to="label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_2" xlink:title="Label : ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations to label_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfIncomeTaxLineItems" xlink:label="DisclosureOfIncomeTaxLineItems" xlink:title="DisclosureOfIncomeTaxLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfIncomeTaxLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfIncomeTaxLineItems" xml:lang="en-US" id="label_DisclosureOfIncomeTaxLineItems">Disclosure of income tax [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfIncomeTaxLineItems" xlink:to="label_DisclosureOfIncomeTaxLineItems" xlink:title="Label : DisclosureOfIncomeTaxLineItems to label_DisclosureOfIncomeTaxLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="CurrentTaxExpenseIncome" xlink:title="CurrentTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTaxExpenseIncome" xml:lang="en-US" id="label_CurrentTaxExpenseIncome">Current tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxExpenseIncome" xlink:to="label_CurrentTaxExpenseIncome" xlink:title="Label : CurrentTaxExpenseIncome to label_CurrentTaxExpenseIncome" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTaxExpenseIncome_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CurrentTaxExpenseIncome_1" xml:lang="en-US" id="label_CurrentTaxExpenseIncome_1">Current tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTaxExpenseIncome" xlink:to="label_CurrentTaxExpenseIncome_1" xlink:title="Label : CurrentTaxExpenseIncome to label_CurrentTaxExpenseIncome_1" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax" xlink:label="ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax" xlink:title="ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:label="TaxExpenseIncomeAtApplicableTaxRate" xlink:title="TaxExpenseIncomeAtApplicableTaxRate" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TaxEffectFromChangeInTaxRate" xlink:label="TaxEffectFromChangeInTaxRate" xlink:title="TaxEffectFromChangeInTaxRate" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TaxEffectOfTaxLosses" xlink:label="TaxEffectOfTaxLosses" xlink:title="TaxEffectOfTaxLosses" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:label="TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:title="TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" />
    <link:label xlink:type="resource" xlink:label="label_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xml:lang="en-US" id="label_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss">Tax revaluation, withholding tax and others</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:label="DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:title="DividendsRecognisedAsDistributionsToOwnersPerShare" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DividendsPayableAmountPerAmericanDepositarySecurity" xlink:label="DividendsPayableAmountPerAmericanDepositarySecurity" xlink:title="DividendsPayableAmountPerAmericanDepositarySecurity" />
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    <link:label xlink:type="resource" xlink:label="label_DividendsPayableAmountPerAmericanDepositarySecurity_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableAmountPerAmericanDepositarySecurity_1" xml:lang="en-US" id="label_DividendsPayableAmountPerAmericanDepositarySecurity_1">Dividends payable amount per american depositary security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableAmountPerAmericanDepositarySecurity" xlink:to="label_DividendsPayableAmountPerAmericanDepositarySecurity_1" xlink:title="Label : DividendsPayableAmountPerAmericanDepositarySecurity to label_DividendsPayableAmountPerAmericanDepositarySecurity_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayableAmountPerAmericanDepositarySecurity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPayableAmountPerAmericanDepositarySecurity_2" xml:lang="en-US" id="label_DividendsPayableAmountPerAmericanDepositarySecurity_2">The amount of a dividend declared or approved, but not yet paid (Dividends payable) per American Depositary Security (ADS). Each ADS equals two shares.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DividendsPaidAmountPerShareIncludingInterimDividend" xlink:label="DividendsPaidAmountPerShareIncludingInterimDividend" xlink:title="DividendsPaidAmountPerShareIncludingInterimDividend" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidAmountPerShareIncludingInterimDividend" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPaidAmountPerShareIncludingInterimDividend" xml:lang="en-US" id="label_DividendsPaidAmountPerShareIncludingInterimDividend">The amount of dividends paid per share including interim dividend.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DividendsPaidAmountPerShareIncludingInterimDividend_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidAmountPerShareIncludingInterimDividend_2" xml:lang="en-US" id="label_DividendsPaidAmountPerShareIncludingInterimDividend_2">Dividends paid amount per share including interim dividend</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidAmountPerShareIncludingInterimDividend" xlink:to="label_DividendsPaidAmountPerShareIncludingInterimDividend_2" xlink:title="Label : DividendsPaidAmountPerShareIncludingInterimDividend to label_DividendsPaidAmountPerShareIncludingInterimDividend_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DividendsPayableAmountPerShareIncludingInterimDividend" xlink:label="DividendsPayableAmountPerShareIncludingInterimDividend" xlink:title="DividendsPayableAmountPerShareIncludingInterimDividend" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayableAmountPerShareIncludingInterimDividend" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableAmountPerShareIncludingInterimDividend" xml:lang="en-US" id="label_DividendsPayableAmountPerShareIncludingInterimDividend">Dividends payable amount per share including interim dividend</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableAmountPerShareIncludingInterimDividend" xlink:to="label_DividendsPayableAmountPerShareIncludingInterimDividend" xlink:title="Label : DividendsPayableAmountPerShareIncludingInterimDividend to label_DividendsPayableAmountPerShareIncludingInterimDividend" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:label="DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:title="DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend" />
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    <link:label xlink:type="resource" xlink:label="label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_1" xml:lang="en-US" id="label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_1">The amount of dividends paid, amount per ADS including interim dividend.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:to="label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_1" xlink:title="Label : DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend to label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_2" xml:lang="en-US" id="label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_2">Dividends paid amount per american depositary security including interim dividend</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:to="label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_2" xlink:title="Label : DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend to label_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:label="DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:title="DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" xml:lang="en-US" id="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend">The amount of a dividend payable including an interim dividend paid previously per American Depositary Security (ADS). Each ADS equals two shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:to="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:title="Label : DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend to label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_1" xml:lang="en-US" id="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_1">Dividends payable, amount per ADS including interim dividend (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:to="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_1" xlink:title="Label : DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend to label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_2" xml:lang="en-US" id="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_2">Dividends payable amount per american depositary security including interim dividend</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" xlink:to="label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_2" xlink:title="Label : DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend to label_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:label="DividendsPaidOrdinarySharesPerShare" xlink:title="DividendsPaidOrdinarySharesPerShare" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidOrdinarySharesPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaidOrdinarySharesPerShare" xml:lang="en-US" id="label_DividendsPaidOrdinarySharesPerShare">Dividends paid, ordinary shares per share (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidOrdinarySharesPerShare" xlink:to="label_DividendsPaidOrdinarySharesPerShare" xlink:title="Label : DividendsPaidOrdinarySharesPerShare to label_DividendsPaidOrdinarySharesPerShare" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidOrdinarySharesPerShare_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidOrdinarySharesPerShare_1" xml:lang="en-US" id="label_DividendsPaidOrdinarySharesPerShare_1">ifrs-full_DividendsPaidOrdinarySharesPerShare</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidOrdinarySharesPerShare" xlink:to="label_DividendsPaidOrdinarySharesPerShare_1" xlink:title="Label : DividendsPaidOrdinarySharesPerShare to label_DividendsPaidOrdinarySharesPerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidOrdinarySharesPerShare_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_DividendsPaidOrdinarySharesPerShare_2" xml:lang="en-US" id="label_DividendsPaidOrdinarySharesPerShare_2">Dividends paid, ordinary shares per share (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidOrdinarySharesPerShare" xlink:to="label_DividendsPaidOrdinarySharesPerShare_2" xlink:title="Label : DividendsPaidOrdinarySharesPerShare to label_DividendsPaidOrdinarySharesPerShare_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DividendsPaidPerAmericanDepositarySecurity" xlink:label="DividendsPaidPerAmericanDepositarySecurity" xlink:title="DividendsPaidPerAmericanDepositarySecurity" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidPerAmericanDepositarySecurity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPaidPerAmericanDepositarySecurity" xml:lang="en-US" id="label_DividendsPaidPerAmericanDepositarySecurity">Dividends paid per american depositary security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidPerAmericanDepositarySecurity" xlink:to="label_DividendsPaidPerAmericanDepositarySecurity" xlink:title="Label : DividendsPaidPerAmericanDepositarySecurity to label_DividendsPaidPerAmericanDepositarySecurity" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidPerAmericanDepositarySecurity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPaidPerAmericanDepositarySecurity_1" xml:lang="en-US" id="label_DividendsPaidPerAmericanDepositarySecurity_1">Dividends paid, per ADS (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidPerAmericanDepositarySecurity" xlink:to="label_DividendsPaidPerAmericanDepositarySecurity_1" xlink:title="Label : DividendsPaidPerAmericanDepositarySecurity to label_DividendsPaidPerAmericanDepositarySecurity_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPaidPerAmericanDepositarySecurity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPaidPerAmericanDepositarySecurity_2" xml:lang="en-US" id="label_DividendsPaidPerAmericanDepositarySecurity_2">The amount of dividends paid per American Depositary Security ("ADS"). Each ADS equals two shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPaidPerAmericanDepositarySecurity" xlink:to="label_DividendsPaidPerAmericanDepositarySecurity_2" xlink:title="Label : DividendsPaidPerAmericanDepositarySecurity to label_DividendsPaidPerAmericanDepositarySecurity_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PropertyPlantAndEquipmentCapitalizedInterest" xlink:label="PropertyPlantAndEquipmentCapitalizedInterest" xlink:title="PropertyPlantAndEquipmentCapitalizedInterest" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentCapitalizedInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PropertyPlantAndEquipmentCapitalizedInterest" xml:lang="en-US" id="label_PropertyPlantAndEquipmentCapitalizedInterest">The amount of property plant and equipment capitalized interest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentCapitalizedInterest" xlink:to="label_PropertyPlantAndEquipmentCapitalizedInterest" xlink:title="Label : PropertyPlantAndEquipmentCapitalizedInterest to label_PropertyPlantAndEquipmentCapitalizedInterest" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentCapitalizedInterest_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentCapitalizedInterest_1" xml:lang="en-US" id="label_PropertyPlantAndEquipmentCapitalizedInterest_1">Property, plant and equipment, capitalized interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentCapitalizedInterest" xlink:to="label_PropertyPlantAndEquipmentCapitalizedInterest_1" xlink:title="Label : PropertyPlantAndEquipmentCapitalizedInterest to label_PropertyPlantAndEquipmentCapitalizedInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentCapitalizedInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentCapitalizedInterest_2" xml:lang="en-US" id="label_PropertyPlantAndEquipmentCapitalizedInterest_2">Property plant and equipment capitalized interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentCapitalizedInterest" xlink:to="label_PropertyPlantAndEquipmentCapitalizedInterest_2" xlink:title="Label : PropertyPlantAndEquipmentCapitalizedInterest to label_PropertyPlantAndEquipmentCapitalizedInterest_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:title="CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" />
    <link:label xlink:type="resource" xlink:label="label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xml:lang="en-US" id="label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:title="Label : CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis to label_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CarryingAmountMember" xlink:label="CarryingAmountMember" xlink:title="CarryingAmountMember" />
    <link:label xlink:type="resource" xlink:label="label_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CarryingAmountMember" xml:lang="en-US" id="label_CarryingAmountMember">Carrying amount [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CarryingAmountMember" xlink:to="label_CarryingAmountMember" xlink:title="Label : CarryingAmountMember to label_CarryingAmountMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="GrossCarryingAmountMember" xlink:title="GrossCarryingAmountMember" />
    <link:label xlink:type="resource" xlink:label="label_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GrossCarryingAmountMember" xml:lang="en-US" id="label_GrossCarryingAmountMember">Gross carrying amount [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GrossCarryingAmountMember" xlink:to="label_GrossCarryingAmountMember" xlink:title="Label : GrossCarryingAmountMember to label_GrossCarryingAmountMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:label="AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:title="AccumulatedDepreciationAmortisationAndImpairmentMember" />
    <link:label xlink:type="resource" xlink:label="label_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AccumulatedDepreciationAmortisationAndImpairmentMember" xml:lang="en-US" id="label_AccumulatedDepreciationAmortisationAndImpairmentMember">Accumulated depreciation, amortisation and impairment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:to="label_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:title="Label : AccumulatedDepreciationAmortisationAndImpairmentMember to label_AccumulatedDepreciationAmortisationAndImpairmentMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LandAndCivilBuildingsMember" xlink:label="LandAndCivilBuildingsMember" xlink:title="LandAndCivilBuildingsMember" />
    <link:label xlink:type="resource" xlink:label="label_LandAndCivilBuildingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LandAndCivilBuildingsMember" xml:lang="en-US" id="label_LandAndCivilBuildingsMember">Land and civil buildings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandAndCivilBuildingsMember" xlink:to="label_LandAndCivilBuildingsMember" xlink:title="Label : LandAndCivilBuildingsMember to label_LandAndCivilBuildingsMember" />
    <link:label xlink:type="resource" xlink:label="label_LandAndCivilBuildingsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LandAndCivilBuildingsMember_1" xml:lang="en-US" id="label_LandAndCivilBuildingsMember_1">Refers to information regarding land and civil buildings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandAndCivilBuildingsMember" xlink:to="label_LandAndCivilBuildingsMember_1" xlink:title="Label : LandAndCivilBuildingsMember to label_LandAndCivilBuildingsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IndustrialBuildingsPlantAndProductionEquipmentMember" xlink:label="IndustrialBuildingsPlantAndProductionEquipmentMember" xlink:title="IndustrialBuildingsPlantAndProductionEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_IndustrialBuildingsPlantAndProductionEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IndustrialBuildingsPlantAndProductionEquipmentMember" xml:lang="en-US" id="label_IndustrialBuildingsPlantAndProductionEquipmentMember">Industrial buildings, plant and production equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndustrialBuildingsPlantAndProductionEquipmentMember" xlink:to="label_IndustrialBuildingsPlantAndProductionEquipmentMember" xlink:title="Label : IndustrialBuildingsPlantAndProductionEquipmentMember to label_IndustrialBuildingsPlantAndProductionEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_IndustrialBuildingsPlantAndProductionEquipmentMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IndustrialBuildingsPlantAndProductionEquipmentMember_1" xml:lang="en-US" id="label_IndustrialBuildingsPlantAndProductionEquipmentMember_1">Refers to information regarding the industrial buildings, plant and production equipment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IndustrialBuildingsPlantAndProductionEquipmentMember" xlink:to="label_IndustrialBuildingsPlantAndProductionEquipmentMember_1" xlink:title="Label : IndustrialBuildingsPlantAndProductionEquipmentMember to label_IndustrialBuildingsPlantAndProductionEquipmentMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_VehiclesFurnitureAndFixturesMember" xlink:label="VehiclesFurnitureAndFixturesMember" xlink:title="VehiclesFurnitureAndFixturesMember" />
    <link:label xlink:type="resource" xlink:label="label_VehiclesFurnitureAndFixturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VehiclesFurnitureAndFixturesMember" xml:lang="en-US" id="label_VehiclesFurnitureAndFixturesMember">Vehicles, furniture and fixtures [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VehiclesFurnitureAndFixturesMember" xlink:to="label_VehiclesFurnitureAndFixturesMember" xlink:title="Label : VehiclesFurnitureAndFixturesMember to label_VehiclesFurnitureAndFixturesMember" />
    <link:label xlink:type="resource" xlink:label="label_VehiclesFurnitureAndFixturesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VehiclesFurnitureAndFixturesMember_1" xml:lang="en-US" id="label_VehiclesFurnitureAndFixturesMember_1">This member stands for a class of property, plant and equipment representing vehicles and furniture and fixtures used in the entity's operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VehiclesFurnitureAndFixturesMember" xlink:to="label_VehiclesFurnitureAndFixturesMember_1" xlink:title="Label : VehiclesFurnitureAndFixturesMember to label_VehiclesFurnitureAndFixturesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="ConstructionInProgressMember" xlink:title="ConstructionInProgressMember" />
    <link:label xlink:type="resource" xlink:label="label_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ConstructionInProgressMember" xml:lang="en-US" id="label_ConstructionInProgressMember">Construction in progress [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionInProgressMember" xlink:to="label_ConstructionInProgressMember" xlink:title="Label : ConstructionInProgressMember to label_ConstructionInProgressMember" />
    <link:label xlink:type="resource" xlink:label="label_ConstructionInProgressMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ConstructionInProgressMember_1" xml:lang="en-US" id="label_ConstructionInProgressMember_1">Work in progress [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ConstructionInProgressMember" xlink:to="label_ConstructionInProgressMember_1" xlink:title="Label : ConstructionInProgressMember to label_ConstructionInProgressMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SparePartsAndEquipmentMember" xlink:label="SparePartsAndEquipmentMember" xlink:title="SparePartsAndEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_SparePartsAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SparePartsAndEquipmentMember" xml:lang="en-US" id="label_SparePartsAndEquipmentMember">Spare parts and equipment [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SparePartsAndEquipmentMember" xlink:to="label_SparePartsAndEquipmentMember" xlink:title="Label : SparePartsAndEquipmentMember to label_SparePartsAndEquipmentMember" />
    <link:label xlink:type="resource" xlink:label="label_SparePartsAndEquipmentMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SparePartsAndEquipmentMember_1" xml:lang="en-US" id="label_SparePartsAndEquipmentMember_1">This member stands for a class of property, plant and equipment representing spare parts and equipment used in the entity's operations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SparePartsAndEquipmentMember" xlink:to="label_SparePartsAndEquipmentMember_1" xlink:title="Label : SparePartsAndEquipmentMember to label_SparePartsAndEquipmentMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:label="ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:title="ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:title="AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LicensesPatentsAndTrademarksMember" xlink:label="LicensesPatentsAndTrademarksMember" xlink:title="LicensesPatentsAndTrademarksMember" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:label="AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:title="AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" />
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    <link:label xlink:type="resource" xlink:label="label_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_1" xml:lang="en-US" id="label_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_1">Additions</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:label="AmortisationIntangibleAssetsOtherThanGoodwill" xlink:title="AmortisationIntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmortisationIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_AmortisationIntangibleAssetsOtherThanGoodwill">ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="label_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:title="Label : AmortisationIntangibleAssetsOtherThanGoodwill to label_AmortisationIntangibleAssetsOtherThanGoodwill" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="label_AmortisationIntangibleAssetsOtherThanGoodwill_1" xlink:title="Label : AmortisationIntangibleAssetsOtherThanGoodwill to label_AmortisationIntangibleAssetsOtherThanGoodwill_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" xlink:label="ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" xlink:title="ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" />
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    <link:label xlink:type="resource" xlink:label="label_HydrilMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HydrilMember_1" xml:lang="en-US" id="label_HydrilMember_1">The cash generating unit Hydril.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HydrilMember" xlink:to="label_HydrilMember_1" xlink:title="Label : HydrilMember to label_HydrilMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherCguMember" xlink:label="OtherCguMember" xlink:title="OtherCguMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherCguMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCguMember" xml:lang="en-US" id="label_OtherCguMember">Other CGU [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCguMember" xlink:to="label_OtherCguMember" xlink:title="Label : OtherCguMember to label_OtherCguMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherCguMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherCguMember_1" xml:lang="en-US" id="label_OtherCguMember_1">The cash generating unit classified as other.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCguMember" xlink:to="label_OtherCguMember_1" xlink:title="Label : OtherCguMember to label_OtherCguMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" xlink:label="DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" xlink:title="DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" xml:lang="en-US" id="label_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems">Disclosure of information for cash-generating units [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" xlink:to="label_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" xlink:title="Label : DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems to label_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:label="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:title="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xml:lang="en-US" id="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable">Disclosure of maturity analysis of operating lease payments [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:to="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" xlink:title="Label : DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable to label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MaturityAxis" xlink:label="MaturityAxis" xlink:title="MaturityAxis" />
    <link:label xlink:type="resource" xlink:label="label_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaturityAxis" xml:lang="en-US" id="label_MaturityAxis">Maturity [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaturityAxis" xlink:to="label_MaturityAxis" xlink:title="Label : MaturityAxis to label_MaturityAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AggregatedTimeBandsMember" xlink:label="AggregatedTimeBandsMember" xlink:title="AggregatedTimeBandsMember" />
    <link:label xlink:type="resource" xlink:label="label_AggregatedTimeBandsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AggregatedTimeBandsMember" xml:lang="en-US" id="label_AggregatedTimeBandsMember">Aggregated time bands [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AggregatedTimeBandsMember" xlink:to="label_AggregatedTimeBandsMember" xlink:title="Label : AggregatedTimeBandsMember to label_AggregatedTimeBandsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="NotLaterThanOneYearMember" xlink:title="NotLaterThanOneYearMember" />
    <link:label xlink:type="resource" xlink:label="label_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NotLaterThanOneYearMember" xml:lang="en-US" id="label_NotLaterThanOneYearMember">Not later than one year [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NotLaterThanOneYearMember" xlink:to="label_NotLaterThanOneYearMember" xlink:title="Label : NotLaterThanOneYearMember to label_NotLaterThanOneYearMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:label="LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:title="LaterThanOneYearAndNotLaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanFiveYearsMember">Later than one year and not later than five years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:title="Label : LaterThanOneYearAndNotLaterThanFiveYearsMember to label_LaterThanOneYearAndNotLaterThanFiveYearsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="LaterThanFiveYearsMember" xlink:title="LaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFiveYearsMember">Later than five years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFiveYearsMember" xlink:to="label_LaterThanFiveYearsMember" xlink:title="Label : LaterThanFiveYearsMember to label_LaterThanFiveYearsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:label="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:title="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xml:lang="en-US" id="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems">Disclosure of maturity analysis of operating lease payments [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:to="label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" xlink:title="Label : DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems to label_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_RemainingLeasePaymentsToBeMadePercentage" xlink:label="RemainingLeasePaymentsToBeMadePercentage" xlink:title="RemainingLeasePaymentsToBeMadePercentage" />
    <link:label xlink:type="resource" xlink:label="label_RemainingLeasePaymentsToBeMadePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RemainingLeasePaymentsToBeMadePercentage" xml:lang="en-US" id="label_RemainingLeasePaymentsToBeMadePercentage">Remaining lease payments to be made percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RemainingLeasePaymentsToBeMadePercentage" xlink:to="label_RemainingLeasePaymentsToBeMadePercentage" xlink:title="Label : RemainingLeasePaymentsToBeMadePercentage to label_RemainingLeasePaymentsToBeMadePercentage" />
    <link:label xlink:type="resource" xlink:label="label_RemainingLeasePaymentsToBeMadePercentage_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RemainingLeasePaymentsToBeMadePercentage_1" xml:lang="en-US" id="label_RemainingLeasePaymentsToBeMadePercentage_1">Remaining lease payments to be made, percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RemainingLeasePaymentsToBeMadePercentage" xlink:to="label_RemainingLeasePaymentsToBeMadePercentage_1" xlink:title="Label : RemainingLeasePaymentsToBeMadePercentage to label_RemainingLeasePaymentsToBeMadePercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_RemainingLeasePaymentsToBeMadePercentage_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RemainingLeasePaymentsToBeMadePercentage_2" xml:lang="en-US" id="label_RemainingLeasePaymentsToBeMadePercentage_2">Percentage of total remaining payments to be made.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RemainingLeasePaymentsToBeMadePercentage" xlink:to="label_RemainingLeasePaymentsToBeMadePercentage_2" xlink:title="Label : RemainingLeasePaymentsToBeMadePercentage to label_RemainingLeasePaymentsToBeMadePercentage_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ReconciliationOfChangesInRightOfUseAssetsAbstract" xlink:label="ReconciliationOfChangesInRightOfUseAssetsAbstract" xlink:title="ReconciliationOfChangesInRightOfUseAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ReconciliationOfChangesInRightOfUseAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReconciliationOfChangesInRightOfUseAssetsAbstract" xml:lang="en-US" id="label_ReconciliationOfChangesInRightOfUseAssetsAbstract">Reconciliation of changes in right of use assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReconciliationOfChangesInRightOfUseAssetsAbstract" xlink:to="label_ReconciliationOfChangesInRightOfUseAssetsAbstract" xlink:title="Label : ReconciliationOfChangesInRightOfUseAssetsAbstract to label_ReconciliationOfChangesInRightOfUseAssetsAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xlink:label="IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xlink:title="IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets">Currency translation adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets to label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1">Increase decrease through net exchange differences right of use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets to label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2">The increase (decrease) in right-of-use assets resulting from net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets to label_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DepreciationRightofuseAssets" xlink:label="DepreciationRightofuseAssets" xlink:title="DepreciationRightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DepreciationRightofuseAssets" xml:lang="en-US" id="label_DepreciationRightofuseAssets">ifrs-full_DepreciationRightofuseAssets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationRightofuseAssets" xlink:to="label_DepreciationRightofuseAssets" xlink:title="Label : DepreciationRightofuseAssets to label_DepreciationRightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_DepreciationRightofuseAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DepreciationRightofuseAssets_1" xml:lang="en-US" id="label_DepreciationRightofuseAssets_1">Depreciation charge</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DepreciationRightofuseAssets" xlink:to="label_DepreciationRightofuseAssets_1" xlink:title="Label : DepreciationRightofuseAssets to label_DepreciationRightofuseAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AcquisitionsThroughBusinessCombinationsRightOfUseAssets" xlink:label="AcquisitionsThroughBusinessCombinationsRightOfUseAssets" xlink:title="AcquisitionsThroughBusinessCombinationsRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets" xml:lang="en-US" id="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets">Increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsThroughBusinessCombinationsRightOfUseAssets" xlink:to="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets" xlink:title="Label : AcquisitionsThroughBusinessCombinationsRightOfUseAssets to label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_1" xml:lang="en-US" id="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_1">Acquisitions through business combinations right of use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsThroughBusinessCombinationsRightOfUseAssets" xlink:to="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_1" xlink:title="Label : AcquisitionsThroughBusinessCombinationsRightOfUseAssets to label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_2" xml:lang="en-US" id="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_2">The increase (decrease) in right-of-use assets resulting from acquisitions through business combinations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsThroughBusinessCombinationsRightOfUseAssets" xlink:to="label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_2" xlink:title="Label : AcquisitionsThroughBusinessCombinationsRightOfUseAssets to label_AcquisitionsThroughBusinessCombinationsRightOfUseAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdditionsToRightofuseAssets" xlink:label="AdditionsToRightofuseAssets" xlink:title="AdditionsToRightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionsToRightofuseAssets" xml:lang="en-US" id="label_AdditionsToRightofuseAssets">Additions to right-of-use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToRightofuseAssets" xlink:to="label_AdditionsToRightofuseAssets" xlink:title="Label : AdditionsToRightofuseAssets to label_AdditionsToRightofuseAssets" />
    <link:label xlink:type="resource" xlink:label="label_AdditionsToRightofuseAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionsToRightofuseAssets_1" xml:lang="en-US" id="label_AdditionsToRightofuseAssets_1">Additions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionsToRightofuseAssets" xlink:to="label_AdditionsToRightofuseAssets_1" xlink:title="Label : AdditionsToRightofuseAssets to label_AdditionsToRightofuseAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" xlink:label="IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" xlink:title="IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets">Transfers / Reclassifications</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" xlink:title="Label : IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets to label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_1">Increase decrease through transfers reclassifications and other changes right of use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_1" xlink:title="Label : IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets to label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_2">The increase (decrease) in right-of-use assets resulting from transfers, reclassifications and other changes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" xlink:to="label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_2" xlink:title="Label : IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets to label_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisposalsConsumptionsRightOfUseAssets" xlink:label="DisposalsConsumptionsRightOfUseAssets" xlink:title="DisposalsConsumptionsRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_DisposalsConsumptionsRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisposalsConsumptionsRightOfUseAssets" xml:lang="en-US" id="label_DisposalsConsumptionsRightOfUseAssets">Disposals consumptions right of use assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsConsumptionsRightOfUseAssets" xlink:to="label_DisposalsConsumptionsRightOfUseAssets" xlink:title="Label : DisposalsConsumptionsRightOfUseAssets to label_DisposalsConsumptionsRightOfUseAssets" />
    <link:label xlink:type="resource" xlink:label="label_DisposalsConsumptionsRightOfUseAssets_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DisposalsConsumptionsRightOfUseAssets_1" xml:lang="en-US" id="label_DisposalsConsumptionsRightOfUseAssets_1">Disposals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsConsumptionsRightOfUseAssets" xlink:to="label_DisposalsConsumptionsRightOfUseAssets_1" xlink:title="Label : DisposalsConsumptionsRightOfUseAssets to label_DisposalsConsumptionsRightOfUseAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_DisposalsConsumptionsRightOfUseAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisposalsConsumptionsRightOfUseAssets_2" xml:lang="en-US" id="label_DisposalsConsumptionsRightOfUseAssets_2">The decrease in right-of-use assets resulting from disposals and consumptions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsConsumptionsRightOfUseAssets" xlink:to="label_DisposalsConsumptionsRightOfUseAssets_2" xlink:title="Label : DisposalsConsumptionsRightOfUseAssets to label_DisposalsConsumptionsRightOfUseAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_RightofuseAssetsAccumulatedDepreciation" xlink:label="RightofuseAssetsAccumulatedDepreciation" xlink:title="RightofuseAssetsAccumulatedDepreciation" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsAccumulatedDepreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightofuseAssetsAccumulatedDepreciation" xml:lang="en-US" id="label_RightofuseAssetsAccumulatedDepreciation">ts_RightofuseAssetsAccumulatedDepreciation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsAccumulatedDepreciation" xlink:to="label_RightofuseAssetsAccumulatedDepreciation" xlink:title="Label : RightofuseAssetsAccumulatedDepreciation to label_RightofuseAssetsAccumulatedDepreciation" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsAccumulatedDepreciation_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_RightofuseAssetsAccumulatedDepreciation_1" xml:lang="en-US" id="label_RightofuseAssetsAccumulatedDepreciation_1">Accumulated at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsAccumulatedDepreciation" xlink:to="label_RightofuseAssetsAccumulatedDepreciation_1" xlink:title="Label : RightofuseAssetsAccumulatedDepreciation to label_RightofuseAssetsAccumulatedDepreciation_1" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsAccumulatedDepreciation_2" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_RightofuseAssetsAccumulatedDepreciation_2" xml:lang="en-US" id="label_RightofuseAssetsAccumulatedDepreciation_2">Accumulated at the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsAccumulatedDepreciation" xlink:to="label_RightofuseAssetsAccumulatedDepreciation_2" xlink:title="Label : RightofuseAssetsAccumulatedDepreciation to label_RightofuseAssetsAccumulatedDepreciation_2" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsAccumulatedDepreciation_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RightofuseAssetsAccumulatedDepreciation_3" xml:lang="en-US" id="label_RightofuseAssetsAccumulatedDepreciation_3">Represents the amount of accumulated depreciation for right-of-use assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsAccumulatedDepreciation" xlink:to="label_RightofuseAssetsAccumulatedDepreciation_3" xlink:title="Label : RightofuseAssetsAccumulatedDepreciation to label_RightofuseAssetsAccumulatedDepreciation_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_RightofuseAssetsCost" xlink:label="RightofuseAssetsCost" xlink:title="RightofuseAssetsCost" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RightofuseAssetsCost" xml:lang="en-US" id="label_RightofuseAssetsCost">ts_RightofuseAssetsCost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsCost" xlink:to="label_RightofuseAssetsCost" xlink:title="Label : RightofuseAssetsCost to label_RightofuseAssetsCost" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsCost_1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_RightofuseAssetsCost_1" xml:lang="en-US" id="label_RightofuseAssetsCost_1">Opening net book amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsCost" xlink:to="label_RightofuseAssetsCost_1" xlink:title="Label : RightofuseAssetsCost to label_RightofuseAssetsCost_1" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsCost_2" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_RightofuseAssetsCost_2" xml:lang="en-US" id="label_RightofuseAssetsCost_2">Closing net book amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsCost" xlink:to="label_RightofuseAssetsCost_2" xlink:title="Label : RightofuseAssetsCost to label_RightofuseAssetsCost_2" />
    <link:label xlink:type="resource" xlink:label="label_RightofuseAssetsCost_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RightofuseAssetsCost_3" xml:lang="en-US" id="label_RightofuseAssetsCost_3">Represents the cost of right-of-use assets as of the specified date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RightofuseAssetsCost" xlink:to="label_RightofuseAssetsCost_3" xlink:title="Label : RightofuseAssetsCost to label_RightofuseAssetsCost_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LeaseLiabilitiesIncreaseDueToBusinessCombinations" xlink:label="LeaseLiabilitiesIncreaseDueToBusinessCombinations" xlink:title="LeaseLiabilitiesIncreaseDueToBusinessCombinations" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations" xml:lang="en-US" id="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations">Lease liabilities increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesIncreaseDueToBusinessCombinations" xlink:to="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations" xlink:title="Label : LeaseLiabilitiesIncreaseDueToBusinessCombinations to label_LeaseLiabilitiesIncreaseDueToBusinessCombinations" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_1" xml:lang="en-US" id="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_1">Increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesIncreaseDueToBusinessCombinations" xlink:to="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_1" xlink:title="Label : LeaseLiabilitiesIncreaseDueToBusinessCombinations to label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_2" xml:lang="en-US" id="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_2">Represents the increase in lease liabilities during the period due to business combinations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesIncreaseDueToBusinessCombinations" xlink:to="label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_2" xlink:title="Label : LeaseLiabilitiesIncreaseDueToBusinessCombinations to label_LeaseLiabilitiesIncreaseDueToBusinessCombinations_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LeaseLiabilitiesTranslationDifferences" xlink:label="LeaseLiabilitiesTranslationDifferences" xlink:title="LeaseLiabilitiesTranslationDifferences" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesTranslationDifferences" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilitiesTranslationDifferences" xml:lang="en-US" id="label_LeaseLiabilitiesTranslationDifferences">Lease liabilities translation differences</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesTranslationDifferences" xlink:to="label_LeaseLiabilitiesTranslationDifferences" xlink:title="Label : LeaseLiabilitiesTranslationDifferences to label_LeaseLiabilitiesTranslationDifferences" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesTranslationDifferences_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseLiabilitiesTranslationDifferences_1" xml:lang="en-US" id="label_LeaseLiabilitiesTranslationDifferences_1">Translation differences</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesTranslationDifferences" xlink:to="label_LeaseLiabilitiesTranslationDifferences_1" xlink:title="Label : LeaseLiabilitiesTranslationDifferences to label_LeaseLiabilitiesTranslationDifferences_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesTranslationDifferences_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LeaseLiabilitiesTranslationDifferences_2" xml:lang="en-US" id="label_LeaseLiabilitiesTranslationDifferences_2">Represents the impact of translation differences on lease liabilities during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesTranslationDifferences" xlink:to="label_LeaseLiabilitiesTranslationDifferences_2" xlink:title="Label : LeaseLiabilitiesTranslationDifferences to label_LeaseLiabilitiesTranslationDifferences_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LeaseLiabilitiesAdditions" xlink:label="LeaseLiabilitiesAdditions" xlink:title="LeaseLiabilitiesAdditions" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesAdditions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilitiesAdditions" xml:lang="en-US" id="label_LeaseLiabilitiesAdditions">Lease liabilities additions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesAdditions" xlink:to="label_LeaseLiabilitiesAdditions" xlink:title="Label : LeaseLiabilitiesAdditions to label_LeaseLiabilitiesAdditions" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesAdditions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseLiabilitiesAdditions_1" xml:lang="en-US" id="label_LeaseLiabilitiesAdditions_1">Additions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesAdditions" xlink:to="label_LeaseLiabilitiesAdditions_1" xlink:title="Label : LeaseLiabilitiesAdditions to label_LeaseLiabilitiesAdditions_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesAdditions_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LeaseLiabilitiesAdditions_2" xml:lang="en-US" id="label_LeaseLiabilitiesAdditions_2">Represents the amount of additions to lease liabilities during the period.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesAdditions" xlink:to="label_LeaseLiabilitiesAdditions_2" xlink:title="Label : LeaseLiabilitiesAdditions to label_LeaseLiabilitiesAdditions_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LeaseLiabilitiesCancellations" xlink:label="LeaseLiabilitiesCancellations" xlink:title="LeaseLiabilitiesCancellations" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesCancellations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LeaseLiabilitiesCancellations" xml:lang="en-US" id="label_LeaseLiabilitiesCancellations">Represents the change in lease liabilities during the period attributable to cancellations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesCancellations" xlink:to="label_LeaseLiabilitiesCancellations" xlink:title="Label : LeaseLiabilitiesCancellations to label_LeaseLiabilitiesCancellations" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesCancellations_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_LeaseLiabilitiesCancellations_1" xml:lang="en-US" id="label_LeaseLiabilitiesCancellations_1">Cancellations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesCancellations" xlink:to="label_LeaseLiabilitiesCancellations_1" xlink:title="Label : LeaseLiabilitiesCancellations to label_LeaseLiabilitiesCancellations_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesCancellations_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilitiesCancellations_2" xml:lang="en-US" id="label_LeaseLiabilitiesCancellations_2">Lease liabilities cancellations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesCancellations" xlink:to="label_LeaseLiabilitiesCancellations_2" xlink:title="Label : LeaseLiabilitiesCancellations to label_LeaseLiabilitiesCancellations_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LeaseLiabilitiesRepayments" xlink:label="LeaseLiabilitiesRepayments" xlink:title="LeaseLiabilitiesRepayments" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesRepayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilitiesRepayments" xml:lang="en-US" id="label_LeaseLiabilitiesRepayments">Lease liabilities repayments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesRepayments" xlink:to="label_LeaseLiabilitiesRepayments" xlink:title="Label : LeaseLiabilitiesRepayments to label_LeaseLiabilitiesRepayments" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesRepayments_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_LeaseLiabilitiesRepayments_1" xml:lang="en-US" id="label_LeaseLiabilitiesRepayments_1">Repayments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesRepayments" xlink:to="label_LeaseLiabilitiesRepayments_1" xlink:title="Label : LeaseLiabilitiesRepayments to label_LeaseLiabilitiesRepayments_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesRepayments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LeaseLiabilitiesRepayments_2" xml:lang="en-US" id="label_LeaseLiabilitiesRepayments_2">Represents the change in lease liabilities during the period from repayments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesRepayments" xlink:to="label_LeaseLiabilitiesRepayments_2" xlink:title="Label : LeaseLiabilitiesRepayments to label_LeaseLiabilitiesRepayments_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LeaseLiabilitiesInterestAccrued" xlink:label="LeaseLiabilitiesInterestAccrued" xlink:title="LeaseLiabilitiesInterestAccrued" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesInterestAccrued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilitiesInterestAccrued" xml:lang="en-US" id="label_LeaseLiabilitiesInterestAccrued">Lease liabilities interest accrued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesInterestAccrued" xlink:to="label_LeaseLiabilitiesInterestAccrued" xlink:title="Label : LeaseLiabilitiesInterestAccrued to label_LeaseLiabilitiesInterestAccrued" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesInterestAccrued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseLiabilitiesInterestAccrued_1" xml:lang="en-US" id="label_LeaseLiabilitiesInterestAccrued_1">Interest accrued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesInterestAccrued" xlink:to="label_LeaseLiabilitiesInterestAccrued_1" xlink:title="Label : LeaseLiabilitiesInterestAccrued to label_LeaseLiabilitiesInterestAccrued_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesInterestAccrued_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LeaseLiabilitiesInterestAccrued_2" xml:lang="en-US" id="label_LeaseLiabilitiesInterestAccrued_2">Represents the change in lease liabilities during the period attributable to interest accrued.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesInterestAccrued" xlink:to="label_LeaseLiabilitiesInterestAccrued_2" xlink:title="Label : LeaseLiabilitiesInterestAccrued to label_LeaseLiabilitiesInterestAccrued_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesTable" xlink:label="DisclosureOfUnconsolidatedStructuredEntitiesTable" xlink:title="DisclosureOfUnconsolidatedStructuredEntitiesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfUnconsolidatedStructuredEntitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfUnconsolidatedStructuredEntitiesTable" xml:lang="en-US" id="label_DisclosureOfUnconsolidatedStructuredEntitiesTable">Disclosure of unconsolidated structured entities [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfUnconsolidatedStructuredEntitiesTable" xlink:to="label_DisclosureOfUnconsolidatedStructuredEntitiesTable" xlink:title="Label : DisclosureOfUnconsolidatedStructuredEntitiesTable to label_DisclosureOfUnconsolidatedStructuredEntitiesTable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TerniumAndUsiminasMember" xlink:label="TerniumAndUsiminasMember" xlink:title="TerniumAndUsiminasMember" />
    <link:label xlink:type="resource" xlink:label="label_TerniumAndUsiminasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TerniumAndUsiminasMember" xml:lang="en-US" id="label_TerniumAndUsiminasMember">Ternium and Usiminas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumAndUsiminasMember" xlink:to="label_TerniumAndUsiminasMember" xlink:title="Label : TerniumAndUsiminasMember to label_TerniumAndUsiminasMember" />
    <link:label xlink:type="resource" xlink:label="label_TerniumAndUsiminasMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TerniumAndUsiminasMember_1" xml:lang="en-US" id="label_TerniumAndUsiminasMember_1">Related to Ternium and Usiminas.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumAndUsiminasMember" xlink:to="label_TerniumAndUsiminasMember_1" xlink:title="Label : TerniumAndUsiminasMember to label_TerniumAndUsiminasMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="CategoriesOfRelatedPartiesAxis" xlink:title="CategoriesOfRelatedPartiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CategoriesOfRelatedPartiesAxis" xml:lang="en-US" id="label_CategoriesOfRelatedPartiesAxis">Categories of related parties [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CategoriesOfRelatedPartiesAxis" xlink:to="label_CategoriesOfRelatedPartiesAxis" xlink:title="Label : CategoriesOfRelatedPartiesAxis to label_CategoriesOfRelatedPartiesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:label="EntitysTotalForRelatedPartiesMember" xlink:title="EntitysTotalForRelatedPartiesMember" />
    <link:label xlink:type="resource" xlink:label="label_EntitysTotalForRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EntitysTotalForRelatedPartiesMember" xml:lang="en-US" id="label_EntitysTotalForRelatedPartiesMember">Entity's total for related parties [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntitysTotalForRelatedPartiesMember" xlink:to="label_EntitysTotalForRelatedPartiesMember" xlink:title="Label : EntitysTotalForRelatedPartiesMember to label_EntitysTotalForRelatedPartiesMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="BorrowingsByNameAxis" xlink:title="BorrowingsByNameAxis" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsByNameAxis" xml:lang="en-US" id="label_BorrowingsByNameAxis">Borrowings by name [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsByNameAxis" xlink:to="label_BorrowingsByNameAxis" xlink:title="Label : BorrowingsByNameAxis to label_BorrowingsByNameAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_BorrowingsByNameMember" xlink:label="BorrowingsByNameMember" xlink:title="BorrowingsByNameMember" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsByNameMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsByNameMember" xml:lang="en-US" id="label_BorrowingsByNameMember">Borrowings by name [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsByNameMember" xlink:to="label_BorrowingsByNameMember" xlink:title="Label : BorrowingsByNameMember to label_BorrowingsByNameMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SeveralBanksToRefinanceObligationsMember" xlink:label="SeveralBanksToRefinanceObligationsMember" xlink:title="SeveralBanksToRefinanceObligationsMember" />
    <link:label xlink:type="resource" xlink:label="label_SeveralBanksToRefinanceObligationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SeveralBanksToRefinanceObligationsMember" xml:lang="en-US" id="label_SeveralBanksToRefinanceObligationsMember">Several banks, to refinance obligations [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeveralBanksToRefinanceObligationsMember" xlink:to="label_SeveralBanksToRefinanceObligationsMember" xlink:title="Label : SeveralBanksToRefinanceObligationsMember to label_SeveralBanksToRefinanceObligationsMember" />
    <link:label xlink:type="resource" xlink:label="label_SeveralBanksToRefinanceObligationsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SeveralBanksToRefinanceObligationsMember_1" xml:lang="en-US" id="label_SeveralBanksToRefinanceObligationsMember_1">Related to several banks borrowings, used to refinance obligations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SeveralBanksToRefinanceObligationsMember" xlink:to="label_SeveralBanksToRefinanceObligationsMember_1" xlink:title="Label : SeveralBanksToRefinanceObligationsMember to label_SeveralBanksToRefinanceObligationsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems" xlink:label="DisclosureOfUnconsolidatedStructuredEntitiesLineItems" xlink:title="DisclosureOfUnconsolidatedStructuredEntitiesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfUnconsolidatedStructuredEntitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfUnconsolidatedStructuredEntitiesLineItems" xml:lang="en-US" id="label_DisclosureOfUnconsolidatedStructuredEntitiesLineItems">Disclosure of unconsolidated structured entities [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfUnconsolidatedStructuredEntitiesLineItems" xlink:to="label_DisclosureOfUnconsolidatedStructuredEntitiesLineItems" xlink:title="Label : DisclosureOfUnconsolidatedStructuredEntitiesLineItems to label_DisclosureOfUnconsolidatedStructuredEntitiesLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ClosingPricePerAmericanDepositarySecurity" xlink:label="ClosingPricePerAmericanDepositarySecurity" xlink:title="ClosingPricePerAmericanDepositarySecurity" />
    <link:label xlink:type="resource" xlink:label="label_ClosingPricePerAmericanDepositarySecurity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClosingPricePerAmericanDepositarySecurity" xml:lang="en-US" id="label_ClosingPricePerAmericanDepositarySecurity">Closing price per american depositary security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClosingPricePerAmericanDepositarySecurity" xlink:to="label_ClosingPricePerAmericanDepositarySecurity" xlink:title="Label : ClosingPricePerAmericanDepositarySecurity to label_ClosingPricePerAmericanDepositarySecurity" />
    <link:label xlink:type="resource" xlink:label="label_ClosingPricePerAmericanDepositarySecurity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClosingPricePerAmericanDepositarySecurity_1" xml:lang="en-US" id="label_ClosingPricePerAmericanDepositarySecurity_1">Closing price, per ads (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClosingPricePerAmericanDepositarySecurity" xlink:to="label_ClosingPricePerAmericanDepositarySecurity_1" xlink:title="Label : ClosingPricePerAmericanDepositarySecurity to label_ClosingPricePerAmericanDepositarySecurity_1" />
    <link:label xlink:type="resource" xlink:label="label_ClosingPricePerAmericanDepositarySecurity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ClosingPricePerAmericanDepositarySecurity_2" xml:lang="en-US" id="label_ClosingPricePerAmericanDepositarySecurity_2">The amount of a closing price per American Depositary Security (ADS) as quoted on the New York Stock Exchange. Each ADS equals two shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClosingPricePerAmericanDepositarySecurity" xlink:to="label_ClosingPricePerAmericanDepositarySecurity_2" xlink:title="Label : ClosingPricePerAmericanDepositarySecurity to label_ClosingPricePerAmericanDepositarySecurity_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:label="FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:title="FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" />
    <link:label xlink:type="resource" xlink:label="label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xml:lang="en-US" id="label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished">ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:to="label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:title="Label : FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished to label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" />
    <link:label xlink:type="resource" xlink:label="label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_1" xml:lang="en-US" id="label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_1">Fair value of investments in associates for which there are quoted market prices</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:to="label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_1" xlink:title="Label : FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished to label_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ClosingPricePerShare" xlink:label="ClosingPricePerShare" xlink:title="ClosingPricePerShare" />
    <link:label xlink:type="resource" xlink:label="label_ClosingPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClosingPricePerShare" xml:lang="en-US" id="label_ClosingPricePerShare">Closing price per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClosingPricePerShare" xlink:to="label_ClosingPricePerShare" xlink:title="Label : ClosingPricePerShare to label_ClosingPricePerShare" />
    <link:label xlink:type="resource" xlink:label="label_ClosingPricePerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ClosingPricePerShare_1" xml:lang="en-US" id="label_ClosingPricePerShare_1">Closing price, per share (in BRL per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClosingPricePerShare" xlink:to="label_ClosingPricePerShare_1" xlink:title="Label : ClosingPricePerShare to label_ClosingPricePerShare_1" />
    <link:label xlink:type="resource" xlink:label="label_ClosingPricePerShare_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ClosingPricePerShare_2" xml:lang="en-US" id="label_ClosingPricePerShare_2">Represents the quoted closing price per share of stock.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClosingPricePerShare" xlink:to="label_ClosingPricePerShare_2" xlink:title="Label : ClosingPricePerShare to label_ClosingPricePerShare_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:label="TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:title="TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" />
    <link:label xlink:type="resource" xlink:label="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xml:lang="en-US" id="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay">Transportation capacity agreement, purchasing capacity of natural gas per day</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:to="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:title="Label : TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay to label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" />
    <link:label xlink:type="resource" xlink:label="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_1" xml:lang="en-US" id="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_1">Represents the amount of purchasing capacity of MMBtu/Gas per day under a transportation capacity agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:to="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_1" xlink:title="Label : TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay to label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_1" />
    <link:label xlink:type="resource" xlink:label="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_2" xml:lang="en-US" id="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_2">Transportation capacity agreement purchasing capacity of natural gas per day</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" xlink:to="label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_2" xlink:title="Label : TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay to label_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ExposureToTransportationCapacityAgreements" xlink:label="ExposureToTransportationCapacityAgreements" xlink:title="ExposureToTransportationCapacityAgreements" />
    <link:label xlink:type="resource" xlink:label="label_ExposureToTransportationCapacityAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExposureToTransportationCapacityAgreements" xml:lang="en-US" id="label_ExposureToTransportationCapacityAgreements">Exposure to transportation capacity agreements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureToTransportationCapacityAgreements" xlink:to="label_ExposureToTransportationCapacityAgreements" xlink:title="Label : ExposureToTransportationCapacityAgreements to label_ExposureToTransportationCapacityAgreements" />
    <link:label xlink:type="resource" xlink:label="label_ExposureToTransportationCapacityAgreements_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExposureToTransportationCapacityAgreements_1" xml:lang="en-US" id="label_ExposureToTransportationCapacityAgreements_1">Exposure to transportation capacity agreements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureToTransportationCapacityAgreements" xlink:to="label_ExposureToTransportationCapacityAgreements_1" xlink:title="Label : ExposureToTransportationCapacityAgreements to label_ExposureToTransportationCapacityAgreements_1" />
    <link:label xlink:type="resource" xlink:label="label_ExposureToTransportationCapacityAgreements_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExposureToTransportationCapacityAgreements_2" xml:lang="en-US" id="label_ExposureToTransportationCapacityAgreements_2">Represents the amount of exposure risk from transportation capacity agreements.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureToTransportationCapacityAgreements" xlink:to="label_ExposureToTransportationCapacityAgreements_2" xlink:title="Label : ExposureToTransportationCapacityAgreements to label_ExposureToTransportationCapacityAgreements_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ExposureToPurchaseAndOtherServiceAgreements" xlink:label="ExposureToPurchaseAndOtherServiceAgreements" xlink:title="ExposureToPurchaseAndOtherServiceAgreements" />
    <link:label xlink:type="resource" xlink:label="label_ExposureToPurchaseAndOtherServiceAgreements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExposureToPurchaseAndOtherServiceAgreements" xml:lang="en-US" id="label_ExposureToPurchaseAndOtherServiceAgreements">Represents the amount of exposure related to contracts for the purchase of power generation equipment and other services related to the equipment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureToPurchaseAndOtherServiceAgreements" xlink:to="label_ExposureToPurchaseAndOtherServiceAgreements" xlink:title="Label : ExposureToPurchaseAndOtherServiceAgreements to label_ExposureToPurchaseAndOtherServiceAgreements" />
    <link:label xlink:type="resource" xlink:label="label_ExposureToPurchaseAndOtherServiceAgreements_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExposureToPurchaseAndOtherServiceAgreements_1" xml:lang="en-US" id="label_ExposureToPurchaseAndOtherServiceAgreements_1">Exposure to purchase and other service agreements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureToPurchaseAndOtherServiceAgreements" xlink:to="label_ExposureToPurchaseAndOtherServiceAgreements_1" xlink:title="Label : ExposureToPurchaseAndOtherServiceAgreements to label_ExposureToPurchaseAndOtherServiceAgreements_1" />
    <link:label xlink:type="resource" xlink:label="label_ExposureToPurchaseAndOtherServiceAgreements_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExposureToPurchaseAndOtherServiceAgreements_2" xml:lang="en-US" id="label_ExposureToPurchaseAndOtherServiceAgreements_2">Exposure to purchase and other service agreements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureToPurchaseAndOtherServiceAgreements" xlink:to="label_ExposureToPurchaseAndOtherServiceAgreements_2" xlink:title="Label : ExposureToPurchaseAndOtherServiceAgreements to label_ExposureToPurchaseAndOtherServiceAgreements_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ExposureToThePurchaseOfCleanEnergyCertificates" xlink:label="ExposureToThePurchaseOfCleanEnergyCertificates" xlink:title="ExposureToThePurchaseOfCleanEnergyCertificates" />
    <link:label xlink:type="resource" xlink:label="label_ExposureToThePurchaseOfCleanEnergyCertificates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ExposureToThePurchaseOfCleanEnergyCertificates" xml:lang="en-US" id="label_ExposureToThePurchaseOfCleanEnergyCertificates">Exposure to the purchase of clean energy certificates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureToThePurchaseOfCleanEnergyCertificates" xlink:to="label_ExposureToThePurchaseOfCleanEnergyCertificates" xlink:title="Label : ExposureToThePurchaseOfCleanEnergyCertificates to label_ExposureToThePurchaseOfCleanEnergyCertificates" />
    <link:label xlink:type="resource" xlink:label="label_ExposureToThePurchaseOfCleanEnergyCertificates_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ExposureToThePurchaseOfCleanEnergyCertificates_1" xml:lang="en-US" id="label_ExposureToThePurchaseOfCleanEnergyCertificates_1">Exposure to the purchase of clean energy certificates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureToThePurchaseOfCleanEnergyCertificates" xlink:to="label_ExposureToThePurchaseOfCleanEnergyCertificates_1" xlink:title="Label : ExposureToThePurchaseOfCleanEnergyCertificates to label_ExposureToThePurchaseOfCleanEnergyCertificates_1" />
    <link:label xlink:type="resource" xlink:label="label_ExposureToThePurchaseOfCleanEnergyCertificates_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ExposureToThePurchaseOfCleanEnergyCertificates_2" xml:lang="en-US" id="label_ExposureToThePurchaseOfCleanEnergyCertificates_2">The amount of exposure to the purchase of clean energy certificates.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ExposureToThePurchaseOfCleanEnergyCertificates" xlink:to="label_ExposureToThePurchaseOfCleanEnergyCertificates_2" xlink:title="Label : ExposureToThePurchaseOfCleanEnergyCertificates to label_ExposureToThePurchaseOfCleanEnergyCertificates_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" xlink:label="ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" xlink:title="ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" xml:lang="en-US" id="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties">Proceeds from repayments of loans receivable from related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" xlink:to="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" xlink:title="Label : ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties to label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_1" xml:lang="en-US" id="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_1">Proceeds From (Repayments of Loans) Receivable From Related Parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" xlink:to="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_1" xlink:title="Label : ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties to label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_1" />
    <link:label xlink:type="resource" xlink:label="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_2" xml:lang="en-US" id="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_2">The amount of proceeds from (repayments of loans) receivable from related parties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" xlink:to="label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_2" xlink:title="Label : ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties to label_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LoansAndReceivables" xlink:label="LoansAndReceivables" xlink:title="LoansAndReceivables" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LoansAndReceivables" xml:lang="en-US" id="label_LoansAndReceivables">ifrs-full_LoansAndReceivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndReceivables" xlink:to="label_LoansAndReceivables" xlink:title="Label : LoansAndReceivables to label_LoansAndReceivables" />
    <link:label xlink:type="resource" xlink:label="label_LoansAndReceivables_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LoansAndReceivables_1" xml:lang="en-US" id="label_LoansAndReceivables_1">Loans and receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LoansAndReceivables" xlink:to="label_LoansAndReceivables_1" xlink:title="Label : LoansAndReceivables to label_LoansAndReceivables_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DebtSecurities" xlink:label="DebtSecurities" xlink:title="DebtSecurities" />
    <link:label xlink:type="resource" xlink:label="label_DebtSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtSecurities" xml:lang="en-US" id="label_DebtSecurities">ifrs-full_DebtSecurities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtSecurities" xlink:to="label_DebtSecurities" xlink:title="Label : DebtSecurities to label_DebtSecurities" />
    <link:label xlink:type="resource" xlink:label="label_DebtSecurities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtSecurities_1" xml:lang="en-US" id="label_DebtSecurities_1">Debt instruments issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtSecurities" xlink:to="label_DebtSecurities_1" xlink:title="Label : DebtSecurities to label_DebtSecurities_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProportionOfCorporateGuaranteeCoveringObligations" xlink:label="ProportionOfCorporateGuaranteeCoveringObligations" xlink:title="ProportionOfCorporateGuaranteeCoveringObligations" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfCorporateGuaranteeCoveringObligations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfCorporateGuaranteeCoveringObligations" xml:lang="en-US" id="label_ProportionOfCorporateGuaranteeCoveringObligations">Proportion of corporate guarantee covering obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfCorporateGuaranteeCoveringObligations" xlink:to="label_ProportionOfCorporateGuaranteeCoveringObligations" xlink:title="Label : ProportionOfCorporateGuaranteeCoveringObligations to label_ProportionOfCorporateGuaranteeCoveringObligations" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfCorporateGuaranteeCoveringObligations_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfCorporateGuaranteeCoveringObligations_1" xml:lang="en-US" id="label_ProportionOfCorporateGuaranteeCoveringObligations_1">Proportion of corporate guarantee covering obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfCorporateGuaranteeCoveringObligations" xlink:to="label_ProportionOfCorporateGuaranteeCoveringObligations_1" xlink:title="Label : ProportionOfCorporateGuaranteeCoveringObligations to label_ProportionOfCorporateGuaranteeCoveringObligations_1" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfCorporateGuaranteeCoveringObligations_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProportionOfCorporateGuaranteeCoveringObligations_2" xml:lang="en-US" id="label_ProportionOfCorporateGuaranteeCoveringObligations_2">Represents the proportion of a corporate guarantee that covers obligations made under a syndicated loan agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfCorporateGuaranteeCoveringObligations" xlink:to="label_ProportionOfCorporateGuaranteeCoveringObligations_2" xlink:title="Label : ProportionOfCorporateGuaranteeCoveringObligations to label_ProportionOfCorporateGuaranteeCoveringObligations_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DebtServiceCoverageRatioCoveredPercent" xlink:label="DebtServiceCoverageRatioCoveredPercent" xlink:title="DebtServiceCoverageRatioCoveredPercent" />
    <link:label xlink:type="resource" xlink:label="label_DebtServiceCoverageRatioCoveredPercent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtServiceCoverageRatioCoveredPercent" xml:lang="en-US" id="label_DebtServiceCoverageRatioCoveredPercent">Debt service coverage ratio covered percent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtServiceCoverageRatioCoveredPercent" xlink:to="label_DebtServiceCoverageRatioCoveredPercent" xlink:title="Label : DebtServiceCoverageRatioCoveredPercent to label_DebtServiceCoverageRatioCoveredPercent" />
    <link:label xlink:type="resource" xlink:label="label_DebtServiceCoverageRatioCoveredPercent_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtServiceCoverageRatioCoveredPercent_1" xml:lang="en-US" id="label_DebtServiceCoverageRatioCoveredPercent_1">Debt service coverage ratio, covered, percent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtServiceCoverageRatioCoveredPercent" xlink:to="label_DebtServiceCoverageRatioCoveredPercent_1" xlink:title="Label : DebtServiceCoverageRatioCoveredPercent to label_DebtServiceCoverageRatioCoveredPercent_1" />
    <link:label xlink:type="resource" xlink:label="label_DebtServiceCoverageRatioCoveredPercent_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtServiceCoverageRatioCoveredPercent_2" xml:lang="en-US" id="label_DebtServiceCoverageRatioCoveredPercent_2">The percent amount of covered debt service coverage ratio.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtServiceCoverageRatioCoveredPercent" xlink:to="label_DebtServiceCoverageRatioCoveredPercent_2" xlink:title="Label : DebtServiceCoverageRatioCoveredPercent to label_DebtServiceCoverageRatioCoveredPercent_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LettersOfCreditCovered" xlink:label="LettersOfCreditCovered" xlink:title="LettersOfCreditCovered" />
    <link:label xlink:type="resource" xlink:label="label_LettersOfCreditCovered" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LettersOfCreditCovered" xml:lang="en-US" id="label_LettersOfCreditCovered">Letters of credit covered</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LettersOfCreditCovered" xlink:to="label_LettersOfCreditCovered" xlink:title="Label : LettersOfCreditCovered to label_LettersOfCreditCovered" />
    <link:label xlink:type="resource" xlink:label="label_LettersOfCreditCovered_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LettersOfCreditCovered_1" xml:lang="en-US" id="label_LettersOfCreditCovered_1">Letters of credit, covered</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LettersOfCreditCovered" xlink:to="label_LettersOfCreditCovered_1" xlink:title="Label : LettersOfCreditCovered to label_LettersOfCreditCovered_1" />
    <link:label xlink:type="resource" xlink:label="label_LettersOfCreditCovered_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LettersOfCreditCovered_2" xml:lang="en-US" id="label_LettersOfCreditCovered_2">The amount of covered letters of credit.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LettersOfCreditCovered" xlink:to="label_LettersOfCreditCovered_2" xlink:title="Label : LettersOfCreditCovered to label_LettersOfCreditCovered_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CorporateGuaranteeCoveringObligations" xlink:label="CorporateGuaranteeCoveringObligations" xlink:title="CorporateGuaranteeCoveringObligations" />
    <link:label xlink:type="resource" xlink:label="label_CorporateGuaranteeCoveringObligations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CorporateGuaranteeCoveringObligations" xml:lang="en-US" id="label_CorporateGuaranteeCoveringObligations">Represents the amount of a corporate guarantee that covers obligations made under a loan agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateGuaranteeCoveringObligations" xlink:to="label_CorporateGuaranteeCoveringObligations" xlink:title="Label : CorporateGuaranteeCoveringObligations to label_CorporateGuaranteeCoveringObligations" />
    <link:label xlink:type="resource" xlink:label="label_CorporateGuaranteeCoveringObligations_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CorporateGuaranteeCoveringObligations_1" xml:lang="en-US" id="label_CorporateGuaranteeCoveringObligations_1">Amount of exposure under the corporate guarantees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateGuaranteeCoveringObligations" xlink:to="label_CorporateGuaranteeCoveringObligations_1" xlink:title="Label : CorporateGuaranteeCoveringObligations to label_CorporateGuaranteeCoveringObligations_1" />
    <link:label xlink:type="resource" xlink:label="label_CorporateGuaranteeCoveringObligations_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CorporateGuaranteeCoveringObligations_2" xml:lang="en-US" id="label_CorporateGuaranteeCoveringObligations_2">Corporate guarantee covering obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CorporateGuaranteeCoveringObligations" xlink:to="label_CorporateGuaranteeCoveringObligations_2" xlink:title="Label : CorporateGuaranteeCoveringObligations to label_CorporateGuaranteeCoveringObligations_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" xlink:label="ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" xlink:title="ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" xml:lang="en-US" id="label_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract">Reconciliation of changes in investments in subsidiaries joint ventures and associates [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" xlink:to="label_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" xlink:title="Label : ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract to label_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:label="IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:title="IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xml:lang="en-US" id="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies">The amount of income (loss) from equity method investments in non-consolidated companies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:to="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:title="Label : IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies to label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_1" xml:lang="en-US" id="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_1">Income loss from equity method investments in nonconsolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:to="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_1" xlink:title="Label : IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies to label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_1" />
    <link:label xlink:type="resource" xlink:label="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_2" xml:lang="en-US" id="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_2">Equity in earnings of non-consolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" xlink:to="label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_2" xlink:title="Label : IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies to label_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" xlink:label="InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" xlink:title="InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" xml:lang="en-US" id="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations">Investments in subsidiaries joint ventures and associates increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" xlink:to="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" xlink:title="Label : InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations to label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_1" xml:lang="en-US" id="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_1">Increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" xlink:to="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_1" xlink:title="Label : InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations to label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_1" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_2" xml:lang="en-US" id="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_2">Represents the increase in investments in subsidiaries, joint ventures and associates during the period due to business combinations.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" xlink:to="label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_2" xlink:title="Label : InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations to label_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DividendsDeclaredByNonconsolidatedCompanies" xlink:label="DividendsDeclaredByNonconsolidatedCompanies" xlink:title="DividendsDeclaredByNonconsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_DividendsDeclaredByNonconsolidatedCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsDeclaredByNonconsolidatedCompanies" xml:lang="en-US" id="label_DividendsDeclaredByNonconsolidatedCompanies">Represents the amount of divdends declared by nonconsolidated companies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsDeclaredByNonconsolidatedCompanies" xlink:to="label_DividendsDeclaredByNonconsolidatedCompanies" xlink:title="Label : DividendsDeclaredByNonconsolidatedCompanies to label_DividendsDeclaredByNonconsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_DividendsDeclaredByNonconsolidatedCompanies_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DividendsDeclaredByNonconsolidatedCompanies_1" xml:lang="en-US" id="label_DividendsDeclaredByNonconsolidatedCompanies_1">Dividends and distributions declared</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsDeclaredByNonconsolidatedCompanies" xlink:to="label_DividendsDeclaredByNonconsolidatedCompanies_1" xlink:title="Label : DividendsDeclaredByNonconsolidatedCompanies to label_DividendsDeclaredByNonconsolidatedCompanies_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsDeclaredByNonconsolidatedCompanies_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsDeclaredByNonconsolidatedCompanies_2" xml:lang="en-US" id="label_DividendsDeclaredByNonconsolidatedCompanies_2">Dividends declared by nonconsolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsDeclaredByNonconsolidatedCompanies" xlink:to="label_DividendsDeclaredByNonconsolidatedCompanies_2" xlink:title="Label : DividendsDeclaredByNonconsolidatedCompanies to label_DividendsDeclaredByNonconsolidatedCompanies_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:label="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:title="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xml:lang="en-US" id="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax">Increase in equity reserves and others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:to="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:title="Label : ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax to label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_1" xml:lang="en-US" id="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_1">The entity's share of the other comprehensive income of associates and joint ventures accounted for using the equity method, including dividends declared, net of tax.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:to="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_1" xlink:title="Label : ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax to label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_1" />
    <link:label xlink:type="resource" xlink:label="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_2" xml:lang="en-US" id="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_2">Share of other comprehensive income of associates and joint ventures accounted for using equity method Including dividends declared net of tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" xlink:to="label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_2" xlink:title="Label : ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax to label_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherMember" xlink:label="OtherMember" xlink:title="OtherMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherMember" xml:lang="en-US" id="label_OtherMember">Other [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherMember" xlink:to="label_OtherMember" xlink:title="Label : OtherMember to label_OtherMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherMember_1" xml:lang="en-US" id="label_OtherMember_1">Information related to other non-consolidated companies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherMember" xlink:to="label_OtherMember_1" xlink:title="Label : OtherMember to label_OtherMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_SA" xlink:label="SA" xlink:title="SA" />
    <link:label xlink:type="resource" xlink:label="label_SA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SA" xml:lang="en-US" id="label_SA">SAUDI ARABIA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SA" xlink:to="label_SA" xlink:title="Label : SA to label_SA" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:label="NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:title="NoncurrentReceivablesEmployeeAdvancesAndLoans" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentReceivablesEmployeeAdvancesAndLoans" xml:lang="en-US" id="label_NoncurrentReceivablesEmployeeAdvancesAndLoans">Employee advances and loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:to="label_NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:title="Label : NoncurrentReceivablesEmployeeAdvancesAndLoans to label_NoncurrentReceivablesEmployeeAdvancesAndLoans" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesEmployeeAdvancesAndLoans_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivablesEmployeeAdvancesAndLoans_1" xml:lang="en-US" id="label_NoncurrentReceivablesEmployeeAdvancesAndLoans_1">Noncurrent receivables employee advances and loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:to="label_NoncurrentReceivablesEmployeeAdvancesAndLoans_1" xlink:title="Label : NoncurrentReceivablesEmployeeAdvancesAndLoans to label_NoncurrentReceivablesEmployeeAdvancesAndLoans_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesEmployeeAdvancesAndLoans_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentReceivablesEmployeeAdvancesAndLoans_2" xml:lang="en-US" id="label_NoncurrentReceivablesEmployeeAdvancesAndLoans_2">The amount of non-current receivables from employee advances and loans.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesEmployeeAdvancesAndLoans" xlink:to="label_NoncurrentReceivablesEmployeeAdvancesAndLoans_2" xlink:title="Label : NoncurrentReceivablesEmployeeAdvancesAndLoans to label_NoncurrentReceivablesEmployeeAdvancesAndLoans_2" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1" xml:lang="en-US" id="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1">ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1" xlink:title="Label : NoncurrentReceivablesFromTaxesOtherThanIncomeTax to label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2" xml:lang="en-US" id="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2">Tax credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2" xlink:title="Label : NoncurrentReceivablesFromTaxesOtherThanIncomeTax to label_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentReceivablesDueFromRelatedParties" xlink:label="NoncurrentReceivablesDueFromRelatedParties" xlink:title="NoncurrentReceivablesDueFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentReceivablesDueFromRelatedParties" xml:lang="en-US" id="label_NoncurrentReceivablesDueFromRelatedParties">Receivables from related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesDueFromRelatedParties" xlink:to="label_NoncurrentReceivablesDueFromRelatedParties" xlink:title="Label : NoncurrentReceivablesDueFromRelatedParties to label_NoncurrentReceivablesDueFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesDueFromRelatedParties_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivablesDueFromRelatedParties_1" xml:lang="en-US" id="label_NoncurrentReceivablesDueFromRelatedParties_1">ifrs-full_NoncurrentReceivablesDueFromRelatedParties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesDueFromRelatedParties" xlink:to="label_NoncurrentReceivablesDueFromRelatedParties_1" xlink:title="Label : NoncurrentReceivablesDueFromRelatedParties to label_NoncurrentReceivablesDueFromRelatedParties_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:label="NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:title="NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xml:lang="en-US" id="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances">Advances to suppliers and other advances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:to="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:title="Label : NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances to label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_1" xml:lang="en-US" id="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_1">Noncurrent receivables advances to suppliers and other advances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:to="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_1" xlink:title="Label : NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances to label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_2" xml:lang="en-US" id="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_2">The amount of non-current receivables from advances to suppliers and other advances.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" xlink:to="label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_2" xlink:title="Label : NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances to label_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NoncurrentReceivablesFromInterestInVenezuelanCompanies" xlink:label="NoncurrentReceivablesFromInterestInVenezuelanCompanies" xlink:title="NoncurrentReceivablesFromInterestInVenezuelanCompanies" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies" xml:lang="en-US" id="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies">The amount of non-current receivables from interest in Venezuelan companies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesFromInterestInVenezuelanCompanies" xlink:to="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies" xlink:title="Label : NoncurrentReceivablesFromInterestInVenezuelanCompanies to label_NoncurrentReceivablesFromInterestInVenezuelanCompanies" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_1" xml:lang="en-US" id="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_1">Receivable Venezuelan subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesFromInterestInVenezuelanCompanies" xlink:to="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_1" xlink:title="Label : NoncurrentReceivablesFromInterestInVenezuelanCompanies to label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_2" xml:lang="en-US" id="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_2">Noncurrent receivables from interest in venezuelan companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesFromInterestInVenezuelanCompanies" xlink:to="label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_2" xlink:title="Label : NoncurrentReceivablesFromInterestInVenezuelanCompanies to label_NoncurrentReceivablesFromInterestInVenezuelanCompanies_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherNoncurrentReceivables" xlink:label="OtherNoncurrentReceivables" xlink:title="OtherNoncurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherNoncurrentReceivables" xml:lang="en-US" id="label_OtherNoncurrentReceivables">Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentReceivables" xlink:to="label_OtherNoncurrentReceivables" xlink:title="Label : OtherNoncurrentReceivables to label_OtherNoncurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentReceivables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentReceivables_1" xml:lang="en-US" id="label_OtherNoncurrentReceivables_1">ifrs-full_OtherNoncurrentReceivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentReceivables" xlink:to="label_OtherNoncurrentReceivables_1" xlink:title="Label : OtherNoncurrentReceivables to label_OtherNoncurrentReceivables_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinishedGoods" xlink:label="FinishedGoods" xlink:title="FinishedGoods" />
    <link:label xlink:type="resource" xlink:label="label_FinishedGoods" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinishedGoods" xml:lang="en-US" id="label_FinishedGoods">Finished goods</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinishedGoods" xlink:to="label_FinishedGoods" xlink:title="Label : FinishedGoods to label_FinishedGoods" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_WorkInProgress" xlink:label="WorkInProgress" xlink:title="WorkInProgress" />
    <link:label xlink:type="resource" xlink:label="label_WorkInProgress" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WorkInProgress" xml:lang="en-US" id="label_WorkInProgress">Goods in process</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkInProgress" xlink:to="label_WorkInProgress" xlink:title="Label : WorkInProgress to label_WorkInProgress" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RawMaterials" xlink:label="RawMaterials" xlink:title="RawMaterials" />
    <link:label xlink:type="resource" xlink:label="label_RawMaterials" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RawMaterials" xml:lang="en-US" id="label_RawMaterials">Raw materials</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RawMaterials" xlink:to="label_RawMaterials" xlink:title="Label : RawMaterials to label_RawMaterials" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProductionSupplies" xlink:label="ProductionSupplies" xlink:title="ProductionSupplies" />
    <link:label xlink:type="resource" xlink:label="label_ProductionSupplies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProductionSupplies" xml:lang="en-US" id="label_ProductionSupplies">Supplies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProductionSupplies" xlink:to="label_ProductionSupplies" xlink:title="Label : ProductionSupplies to label_ProductionSupplies" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentInventoriesInTransit" xlink:label="CurrentInventoriesInTransit" xlink:title="CurrentInventoriesInTransit" />
    <link:label xlink:type="resource" xlink:label="label_CurrentInventoriesInTransit" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentInventoriesInTransit" xml:lang="en-US" id="label_CurrentInventoriesInTransit">Goods in transit</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentInventoriesInTransit" xlink:to="label_CurrentInventoriesInTransit" xlink:title="Label : CurrentInventoriesInTransit to label_CurrentInventoriesInTransit" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_InventoriesGross" xlink:label="InventoriesGross" xlink:title="InventoriesGross" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoriesGross" xml:lang="en-US" id="label_InventoriesGross">Inventories gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesGross" xlink:to="label_InventoriesGross" xlink:title="Label : InventoriesGross to label_InventoriesGross" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesGross_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_InventoriesGross_1" xml:lang="en-US" id="label_InventoriesGross_1">Inventories, Gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesGross" xlink:to="label_InventoriesGross_1" xlink:title="Label : InventoriesGross to label_InventoriesGross_1" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesGross_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InventoriesGross_2" xml:lang="en-US" id="label_InventoriesGross_2">Amount of inventories before allowance for obsolescence.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesGross" xlink:to="label_InventoriesGross_2" xlink:title="Label : InventoriesGross to label_InventoriesGross_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_InventoriesAllowanceForObsolescence" xlink:label="InventoriesAllowanceForObsolescence" xlink:title="InventoriesAllowanceForObsolescence" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesAllowanceForObsolescence" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InventoriesAllowanceForObsolescence" xml:lang="en-US" id="label_InventoriesAllowanceForObsolescence">The amount of the allowance for obsolescence for inventories.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesAllowanceForObsolescence" xlink:to="label_InventoriesAllowanceForObsolescence" xlink:title="Label : InventoriesAllowanceForObsolescence to label_InventoriesAllowanceForObsolescence" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesAllowanceForObsolescence_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InventoriesAllowanceForObsolescence_1" xml:lang="en-US" id="label_InventoriesAllowanceForObsolescence_1">Allowance for obsolescence, see note 24 (i)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesAllowanceForObsolescence" xlink:to="label_InventoriesAllowanceForObsolescence_1" xlink:title="Label : InventoriesAllowanceForObsolescence to label_InventoriesAllowanceForObsolescence_1" />
    <link:label xlink:type="resource" xlink:label="label_InventoriesAllowanceForObsolescence_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InventoriesAllowanceForObsolescence_2" xml:lang="en-US" id="label_InventoriesAllowanceForObsolescence_2">Inventories allowance for obsolescence</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InventoriesAllowanceForObsolescence" xlink:to="label_InventoriesAllowanceForObsolescence_2" xlink:title="Label : InventoriesAllowanceForObsolescence to label_InventoriesAllowanceForObsolescence_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:label="CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:title="CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables">Prepaid expenses and other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:to="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:title="Label : CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables to label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_1" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_1">The amount of prepaid expenses and other receivables attributable to current receivables and prepayments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:to="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_1" xlink:title="Label : CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables to label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_2" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_2">Current receivables and prepayments prepaid expenses and other receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" xlink:to="label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_2" xlink:title="Label : CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables to label_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentReceivablesAndPrepaymentsGovernmentEntities" xlink:label="CurrentReceivablesAndPrepaymentsGovernmentEntities" xlink:title="CurrentReceivablesAndPrepaymentsGovernmentEntities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsGovernmentEntities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentReceivablesAndPrepaymentsGovernmentEntities" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsGovernmentEntities">The amount of government entities attributable to current receivables and prepayments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsGovernmentEntities" xlink:to="label_CurrentReceivablesAndPrepaymentsGovernmentEntities" xlink:title="Label : CurrentReceivablesAndPrepaymentsGovernmentEntities to label_CurrentReceivablesAndPrepaymentsGovernmentEntities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsGovernmentEntities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentReceivablesAndPrepaymentsGovernmentEntities_1" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsGovernmentEntities_1">Government entities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsGovernmentEntities" xlink:to="label_CurrentReceivablesAndPrepaymentsGovernmentEntities_1" xlink:title="Label : CurrentReceivablesAndPrepaymentsGovernmentEntities to label_CurrentReceivablesAndPrepaymentsGovernmentEntities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsGovernmentEntities_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentReceivablesAndPrepaymentsGovernmentEntities_2" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsGovernmentEntities_2">Current receivables and prepayments government entities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsGovernmentEntities" xlink:to="label_CurrentReceivablesAndPrepaymentsGovernmentEntities_2" xlink:title="Label : CurrentReceivablesAndPrepaymentsGovernmentEntities to label_CurrentReceivablesAndPrepaymentsGovernmentEntities_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:label="CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:title="CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans">Employee advances and loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:to="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:title="Label : CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans to label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_1" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_1">The amount of employee advances and loans that are attributable to current receivables and prepayments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:to="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_1" xlink:title="Label : CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans to label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_2" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_2">Current receivables and prepayments employee advances and loans</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" xlink:to="label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_2" xlink:title="Label : CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans to label_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:label="CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:title="CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances">Advances to suppliers and other advances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:to="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:title="Label : CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances to label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_1" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_1">The amount of advances to suppliers and other advances that are attributable to current receivables and prepayments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:to="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_1" xlink:title="Label : CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances to label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_2" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_2">Current receivables and prepayments advances to suppliers and other advances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" xlink:to="label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_2" xlink:title="Label : CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances to label_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:label="CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:title="CurrentReceivablesFromTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentReceivablesFromTaxesOtherThanIncomeTax" xml:lang="en-US" id="label_CurrentReceivablesFromTaxesOtherThanIncomeTax">Current receivables from taxes other than income tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:title="Label : CurrentReceivablesFromTaxesOtherThanIncomeTax to label_CurrentReceivablesFromTaxesOtherThanIncomeTax" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1" xml:lang="en-US" id="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1">Government tax refunds on exports</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:to="label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1" xlink:title="Label : CurrentReceivablesFromTaxesOtherThanIncomeTax to label_CurrentReceivablesFromTaxesOtherThanIncomeTax_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:label="CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:title="CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties">Receivables from related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:to="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:title="Label : CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties to label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_1" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_1">Current receivables and prepayments receivables from related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:to="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_1" xlink:title="Label : CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties to label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_2" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_2">The amount of current receivables from related parties that are attributable to receivables and prepayments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" xlink:to="label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_2" xlink:title="Label : CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties to label_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherCurrentReceivables" xlink:label="OtherCurrentReceivables" xlink:title="OtherCurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherCurrentReceivables" xml:lang="en-US" id="label_OtherCurrentReceivables">Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentReceivables" xlink:to="label_OtherCurrentReceivables" xlink:title="Label : OtherCurrentReceivables to label_OtherCurrentReceivables" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentReceivables_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentReceivables_1" xml:lang="en-US" id="label_OtherCurrentReceivables_1">Other current receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentReceivables" xlink:to="label_OtherCurrentReceivables_1" xlink:title="Label : OtherCurrentReceivables to label_OtherCurrentReceivables_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentReceivablesAndPrepaymentsGross" xlink:label="CurrentReceivablesAndPrepaymentsGross" xlink:title="CurrentReceivablesAndPrepaymentsGross" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentReceivablesAndPrepaymentsGross" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsGross">Current receivables and prepayments gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsGross" xlink:to="label_CurrentReceivablesAndPrepaymentsGross" xlink:title="Label : CurrentReceivablesAndPrepaymentsGross to label_CurrentReceivablesAndPrepaymentsGross" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsGross_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentReceivablesAndPrepaymentsGross_1" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsGross_1">The gross amount of current receivables and prepayments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsGross" xlink:to="label_CurrentReceivablesAndPrepaymentsGross_1" xlink:title="Label : CurrentReceivablesAndPrepaymentsGross to label_CurrentReceivablesAndPrepaymentsGross_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentReceivablesAndPrepaymentsGross_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentReceivablesAndPrepaymentsGross_2" xml:lang="en-US" id="label_CurrentReceivablesAndPrepaymentsGross_2">Receivables and prepayments, gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentReceivablesAndPrepaymentsGross" xlink:to="label_CurrentReceivablesAndPrepaymentsGross_2" xlink:title="Label : CurrentReceivablesAndPrepaymentsGross to label_CurrentReceivablesAndPrepaymentsGross_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentAllowanceForOtherDoubtfulAccounts" xlink:label="CurrentAllowanceForOtherDoubtfulAccounts" xlink:title="CurrentAllowanceForOtherDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAllowanceForOtherDoubtfulAccounts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentAllowanceForOtherDoubtfulAccounts" xml:lang="en-US" id="label_CurrentAllowanceForOtherDoubtfulAccounts">Represents a valuation allowance for other doubtful accounts due to an Entity within one year (or one operating cycle if longer) that are expected to be uncollectible.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAllowanceForOtherDoubtfulAccounts" xlink:to="label_CurrentAllowanceForOtherDoubtfulAccounts" xlink:title="Label : CurrentAllowanceForOtherDoubtfulAccounts to label_CurrentAllowanceForOtherDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAllowanceForOtherDoubtfulAccounts_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentAllowanceForOtherDoubtfulAccounts_1" xml:lang="en-US" id="label_CurrentAllowanceForOtherDoubtfulAccounts_1">Allowance for other doubtful accounts, see note 24 (i)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAllowanceForOtherDoubtfulAccounts" xlink:to="label_CurrentAllowanceForOtherDoubtfulAccounts_1" xlink:title="Label : CurrentAllowanceForOtherDoubtfulAccounts to label_CurrentAllowanceForOtherDoubtfulAccounts_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentAllowanceForOtherDoubtfulAccounts_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentAllowanceForOtherDoubtfulAccounts_2" xml:lang="en-US" id="label_CurrentAllowanceForOtherDoubtfulAccounts_2">Current allowance for other doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentAllowanceForOtherDoubtfulAccounts" xlink:to="label_CurrentAllowanceForOtherDoubtfulAccounts_2" xlink:title="Label : CurrentAllowanceForOtherDoubtfulAccounts to label_CurrentAllowanceForOtherDoubtfulAccounts_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentIncomeTaxAssets" xlink:label="CurrentIncomeTaxAssets" xlink:title="CurrentIncomeTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentIncomeTaxAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentIncomeTaxAssets" xml:lang="en-US" id="label_CurrentIncomeTaxAssets">Income tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentIncomeTaxAssets" xlink:to="label_CurrentIncomeTaxAssets" xlink:title="Label : CurrentIncomeTaxAssets to label_CurrentIncomeTaxAssets" />
    <link:label xlink:type="resource" xlink:label="label_CurrentIncomeTaxAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentIncomeTaxAssets_1" xml:lang="en-US" id="label_CurrentIncomeTaxAssets_1">Current income tax assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentIncomeTaxAssets" xlink:to="label_CurrentIncomeTaxAssets_1" xlink:title="Label : CurrentIncomeTaxAssets to label_CurrentIncomeTaxAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentIncomeTaxAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentIncomeTaxAssets_2" xml:lang="en-US" id="label_CurrentIncomeTaxAssets_2">The amount of current income tax assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentIncomeTaxAssets" xlink:to="label_CurrentIncomeTaxAssets_2" xlink:title="Label : CurrentIncomeTaxAssets to label_CurrentIncomeTaxAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentValueAddedTaxReceivables" xlink:label="CurrentValueAddedTaxReceivables" xlink:title="CurrentValueAddedTaxReceivables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentValueAddedTaxReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentValueAddedTaxReceivables" xml:lang="en-US" id="label_CurrentValueAddedTaxReceivables">V.A.T. credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentValueAddedTaxReceivables" xlink:to="label_CurrentValueAddedTaxReceivables" xlink:title="Label : CurrentValueAddedTaxReceivables to label_CurrentValueAddedTaxReceivables" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentPrepaidTaxes" xlink:label="CurrentPrepaidTaxes" xlink:title="CurrentPrepaidTaxes" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPrepaidTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentPrepaidTaxes" xml:lang="en-US" id="label_CurrentPrepaidTaxes">Current prepaid taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaidTaxes" xlink:to="label_CurrentPrepaidTaxes" xlink:title="Label : CurrentPrepaidTaxes to label_CurrentPrepaidTaxes" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPrepaidTaxes_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentPrepaidTaxes_1" xml:lang="en-US" id="label_CurrentPrepaidTaxes_1">Represents the amount of current prepaid taxes.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaidTaxes" xlink:to="label_CurrentPrepaidTaxes_1" xlink:title="Label : CurrentPrepaidTaxes to label_CurrentPrepaidTaxes_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentPrepaidTaxes_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentPrepaidTaxes_2" xml:lang="en-US" id="label_CurrentPrepaidTaxes_2">Other prepaid taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentPrepaidTaxes" xlink:to="label_CurrentPrepaidTaxes_2" xlink:title="Label : CurrentPrepaidTaxes to label_CurrentPrepaidTaxes_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentIncomeTaxLiabilities" xlink:label="CurrentIncomeTaxLiabilities" xlink:title="CurrentIncomeTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentIncomeTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentIncomeTaxLiabilities" xml:lang="en-US" id="label_CurrentIncomeTaxLiabilities">Income tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentIncomeTaxLiabilities" xlink:to="label_CurrentIncomeTaxLiabilities" xlink:title="Label : CurrentIncomeTaxLiabilities to label_CurrentIncomeTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentIncomeTaxLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentIncomeTaxLiabilities_1" xml:lang="en-US" id="label_CurrentIncomeTaxLiabilities_1">Current income tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentIncomeTaxLiabilities" xlink:to="label_CurrentIncomeTaxLiabilities_1" xlink:title="Label : CurrentIncomeTaxLiabilities to label_CurrentIncomeTaxLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentIncomeTaxLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentIncomeTaxLiabilities_2" xml:lang="en-US" id="label_CurrentIncomeTaxLiabilities_2">The amount of current income tax liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentIncomeTaxLiabilities" xlink:to="label_CurrentIncomeTaxLiabilities_2" xlink:title="Label : CurrentIncomeTaxLiabilities to label_CurrentIncomeTaxLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentValueAddedTaxPayables" xlink:label="CurrentValueAddedTaxPayables" xlink:title="CurrentValueAddedTaxPayables" />
    <link:label xlink:type="resource" xlink:label="label_CurrentValueAddedTaxPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentValueAddedTaxPayables" xml:lang="en-US" id="label_CurrentValueAddedTaxPayables">V.A.T. liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentValueAddedTaxPayables" xlink:to="label_CurrentValueAddedTaxPayables" xlink:title="Label : CurrentValueAddedTaxPayables to label_CurrentValueAddedTaxPayables" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentOtherTaxLiabilities" xlink:label="CurrentOtherTaxLiabilities" xlink:title="CurrentOtherTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentOtherTaxLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentOtherTaxLiabilities" xml:lang="en-US" id="label_CurrentOtherTaxLiabilities">Other taxes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentOtherTaxLiabilities" xlink:to="label_CurrentOtherTaxLiabilities" xlink:title="Label : CurrentOtherTaxLiabilities to label_CurrentOtherTaxLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentOtherTaxLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentOtherTaxLiabilities_1" xml:lang="en-US" id="label_CurrentOtherTaxLiabilities_1">Current other tax liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentOtherTaxLiabilities" xlink:to="label_CurrentOtherTaxLiabilities_1" xlink:title="Label : CurrentOtherTaxLiabilities to label_CurrentOtherTaxLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentOtherTaxLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentOtherTaxLiabilities_2" xml:lang="en-US" id="label_CurrentOtherTaxLiabilities_2">Represents the amount of current other tax liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentOtherTaxLiabilities" xlink:to="label_CurrentOtherTaxLiabilities_2" xlink:title="Label : CurrentOtherTaxLiabilities to label_CurrentOtherTaxLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesCurrentAccounts" xlink:label="CurrentTradeReceivablesCurrentAccounts" xlink:title="CurrentTradeReceivablesCurrentAccounts" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesCurrentAccounts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTradeReceivablesCurrentAccounts" xml:lang="en-US" id="label_CurrentTradeReceivablesCurrentAccounts">Current accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesCurrentAccounts" xlink:to="label_CurrentTradeReceivablesCurrentAccounts" xlink:title="Label : CurrentTradeReceivablesCurrentAccounts to label_CurrentTradeReceivablesCurrentAccounts" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesCurrentAccounts_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesCurrentAccounts_1" xml:lang="en-US" id="label_CurrentTradeReceivablesCurrentAccounts_1">Current trade receivables current accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesCurrentAccounts" xlink:to="label_CurrentTradeReceivablesCurrentAccounts_1" xlink:title="Label : CurrentTradeReceivablesCurrentAccounts to label_CurrentTradeReceivablesCurrentAccounts_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesCurrentAccounts_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesCurrentAccounts_2" xml:lang="en-US" id="label_CurrentTradeReceivablesCurrentAccounts_2">Represents the amount of current accounts attributable to current trade receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesCurrentAccounts" xlink:to="label_CurrentTradeReceivablesCurrentAccounts_2" xlink:title="Label : CurrentTradeReceivablesCurrentAccounts to label_CurrentTradeReceivablesCurrentAccounts_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:label="TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:title="TradeAndOtherCurrentReceivablesDueFromRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xml:lang="en-US" id="label_TradeAndOtherCurrentReceivablesDueFromRelatedParties">Receivables from related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:to="label_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:title="Label : TradeAndOtherCurrentReceivablesDueFromRelatedParties to label_TradeAndOtherCurrentReceivablesDueFromRelatedParties" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesGross" xlink:label="CurrentTradeReceivablesGross" xlink:title="CurrentTradeReceivablesGross" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTradeReceivablesGross" xml:lang="en-US" id="label_CurrentTradeReceivablesGross">Current trade receivables, gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesGross" xlink:to="label_CurrentTradeReceivablesGross" xlink:title="Label : CurrentTradeReceivablesGross to label_CurrentTradeReceivablesGross" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesGross_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesGross_1" xml:lang="en-US" id="label_CurrentTradeReceivablesGross_1">Current trade receivables gross</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesGross" xlink:to="label_CurrentTradeReceivablesGross_1" xlink:title="Label : CurrentTradeReceivablesGross to label_CurrentTradeReceivablesGross_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesGross_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_CurrentTradeReceivablesGross_2" xml:lang="en-US" id="label_CurrentTradeReceivablesGross_2">Guaranteed and not guaranteed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesGross" xlink:to="label_CurrentTradeReceivablesGross_2" xlink:title="Label : CurrentTradeReceivablesGross to label_CurrentTradeReceivablesGross_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesGross_3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesGross_3" xml:lang="en-US" id="label_CurrentTradeReceivablesGross_3">The gross amount of current trade receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesGross" xlink:to="label_CurrentTradeReceivablesGross_3" xlink:title="Label : CurrentTradeReceivablesGross to label_CurrentTradeReceivablesGross_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:label="CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:title="CurrentTradeReceivablesAllowanceForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xml:lang="en-US" id="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts">Allowance for doubtful accounts, see note 24 (i)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:to="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:title="Label : CurrentTradeReceivablesAllowanceForDoubtfulAccounts to label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_1" xml:lang="en-US" id="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_1">Current trade receivables allowance for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:to="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_1" xlink:title="Label : CurrentTradeReceivablesAllowanceForDoubtfulAccounts to label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_2" xml:lang="en-US" id="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_2">Represents a valuation allowance for trade receivables due to an Entity within one year (or one operating cycle if longer) that are expected to be uncollectible.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesAllowanceForDoubtfulAccounts" xlink:to="label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_2" xlink:title="Label : CurrentTradeReceivablesAllowanceForDoubtfulAccounts to label_CurrentTradeReceivablesAllowanceForDoubtfulAccounts_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_StatementTable" xlink:label="StatementTable" xlink:title="StatementTable" />
    <link:label xlink:type="resource" xlink:label="label_StatementTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementTable" xml:lang="en-US" id="label_StatementTable">Statement Table [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementTable" xlink:to="label_StatementTable" xlink:title="Label : StatementTable to label_StatementTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" xlink:label="DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" xlink:title="DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" xml:lang="en-US" id="label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable">Disclosure of financial assets that are either past due or impaired [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" xlink:to="label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" xlink:title="Label : DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable to label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedTable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesNotDueMember" xlink:label="CurrentTradeReceivablesNotDueMember" xlink:title="CurrentTradeReceivablesNotDueMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesNotDueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesNotDueMember" xml:lang="en-US" id="label_CurrentTradeReceivablesNotDueMember">Current trade receivables, not due [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesNotDueMember" xlink:to="label_CurrentTradeReceivablesNotDueMember" xlink:title="Label : CurrentTradeReceivablesNotDueMember to label_CurrentTradeReceivablesNotDueMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesNotDueMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesNotDueMember_1" xml:lang="en-US" id="label_CurrentTradeReceivablesNotDueMember_1">Information related to current trade receivables that currently not due.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesNotDueMember" xlink:to="label_CurrentTradeReceivablesNotDueMember_1" xlink:title="Label : CurrentTradeReceivablesNotDueMember to label_CurrentTradeReceivablesNotDueMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesPastDueLessThan180DaysMember" xlink:label="CurrentTradeReceivablesPastDueLessThan180DaysMember" xlink:title="CurrentTradeReceivablesPastDueLessThan180DaysMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesPastDueLessThan180DaysMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesPastDueLessThan180DaysMember" xml:lang="en-US" id="label_CurrentTradeReceivablesPastDueLessThan180DaysMember">Current trade receivables, past due, less than 180 days [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesPastDueLessThan180DaysMember" xlink:to="label_CurrentTradeReceivablesPastDueLessThan180DaysMember" xlink:title="Label : CurrentTradeReceivablesPastDueLessThan180DaysMember to label_CurrentTradeReceivablesPastDueLessThan180DaysMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesPastDueLessThan180DaysMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesPastDueLessThan180DaysMember_1" xml:lang="en-US" id="label_CurrentTradeReceivablesPastDueLessThan180DaysMember_1">Information about current trade receivables that are less than 180 days past due.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesPastDueLessThan180DaysMember" xlink:to="label_CurrentTradeReceivablesPastDueLessThan180DaysMember_1" xlink:title="Label : CurrentTradeReceivablesPastDueLessThan180DaysMember to label_CurrentTradeReceivablesPastDueLessThan180DaysMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xlink:label="CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xlink:title="CurrentTradeReceivablesPastDueGreaterThan180DaysMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xml:lang="en-US" id="label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember">Current trade receivables, past due, greater than 180 days [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xlink:to="label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xlink:title="Label : CurrentTradeReceivablesPastDueGreaterThan180DaysMember to label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember_1" xml:lang="en-US" id="label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember_1">Information related to current trade receivables that are greater than 180 days past due.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesPastDueGreaterThan180DaysMember" xlink:to="label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember_1" xlink:title="Label : CurrentTradeReceivablesPastDueGreaterThan180DaysMember to label_CurrentTradeReceivablesPastDueGreaterThan180DaysMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" xlink:label="DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" xlink:title="DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" xml:lang="en-US" id="label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems">Disclosure of financial assets that are either past due or impaired [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" xlink:to="label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" xlink:title="Label : DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems to label_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesGuaranteed" xlink:label="CurrentTradeReceivablesGuaranteed" xlink:title="CurrentTradeReceivablesGuaranteed" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesGuaranteed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTradeReceivablesGuaranteed" xml:lang="en-US" id="label_CurrentTradeReceivablesGuaranteed">Guaranteed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesGuaranteed" xlink:to="label_CurrentTradeReceivablesGuaranteed" xlink:title="Label : CurrentTradeReceivablesGuaranteed to label_CurrentTradeReceivablesGuaranteed" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesGuaranteed_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesGuaranteed_1" xml:lang="en-US" id="label_CurrentTradeReceivablesGuaranteed_1">Current trade receivables guaranteed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesGuaranteed" xlink:to="label_CurrentTradeReceivablesGuaranteed_1" xlink:title="Label : CurrentTradeReceivablesGuaranteed to label_CurrentTradeReceivablesGuaranteed_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesGuaranteed_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesGuaranteed_2" xml:lang="en-US" id="label_CurrentTradeReceivablesGuaranteed_2">Represents the amount current trade receivables that are guaranteed.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesGuaranteed" xlink:to="label_CurrentTradeReceivablesGuaranteed_2" xlink:title="Label : CurrentTradeReceivablesGuaranteed to label_CurrentTradeReceivablesGuaranteed_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesNotGuaranteed" xlink:label="CurrentTradeReceivablesNotGuaranteed" xlink:title="CurrentTradeReceivablesNotGuaranteed" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesNotGuaranteed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTradeReceivablesNotGuaranteed" xml:lang="en-US" id="label_CurrentTradeReceivablesNotGuaranteed">Not guaranteed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesNotGuaranteed" xlink:to="label_CurrentTradeReceivablesNotGuaranteed" xlink:title="Label : CurrentTradeReceivablesNotGuaranteed to label_CurrentTradeReceivablesNotGuaranteed" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesNotGuaranteed_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesNotGuaranteed_1" xml:lang="en-US" id="label_CurrentTradeReceivablesNotGuaranteed_1">Current trade receivables not guaranteed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesNotGuaranteed" xlink:to="label_CurrentTradeReceivablesNotGuaranteed_1" xlink:title="Label : CurrentTradeReceivablesNotGuaranteed to label_CurrentTradeReceivablesNotGuaranteed_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesNotGuaranteed_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesNotGuaranteed_2" xml:lang="en-US" id="label_CurrentTradeReceivablesNotGuaranteed_2">Represents the amount of current trade receivables that are not guaranteed.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesNotGuaranteed" xlink:to="label_CurrentTradeReceivablesNotGuaranteed_2" xlink:title="Label : CurrentTradeReceivablesNotGuaranteed to label_CurrentTradeReceivablesNotGuaranteed_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesExpectedLossRate" xlink:label="CurrentTradeReceivablesExpectedLossRate" xlink:title="CurrentTradeReceivablesExpectedLossRate" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesExpectedLossRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentTradeReceivablesExpectedLossRate" xml:lang="en-US" id="label_CurrentTradeReceivablesExpectedLossRate">Expected loss rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesExpectedLossRate" xlink:to="label_CurrentTradeReceivablesExpectedLossRate" xlink:title="Label : CurrentTradeReceivablesExpectedLossRate to label_CurrentTradeReceivablesExpectedLossRate" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesExpectedLossRate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesExpectedLossRate_1" xml:lang="en-US" id="label_CurrentTradeReceivablesExpectedLossRate_1">Current trade receivables expected loss rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesExpectedLossRate" xlink:to="label_CurrentTradeReceivablesExpectedLossRate_1" xlink:title="Label : CurrentTradeReceivablesExpectedLossRate to label_CurrentTradeReceivablesExpectedLossRate_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesExpectedLossRate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesExpectedLossRate_2" xml:lang="en-US" id="label_CurrentTradeReceivablesExpectedLossRate_2">The expected loss rate of current trade receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesExpectedLossRate" xlink:to="label_CurrentTradeReceivablesExpectedLossRate_2" xlink:title="Label : CurrentTradeReceivablesExpectedLossRate to label_CurrentTradeReceivablesExpectedLossRate_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AllowanceForDoubtfulAccountsNetOfNominativeAllowances" xlink:label="AllowanceForDoubtfulAccountsNetOfNominativeAllowances" xlink:title="AllowanceForDoubtfulAccountsNetOfNominativeAllowances" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances" xml:lang="en-US" id="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances">The amount of allowance for doubtful accounts, net of nominative allowances.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForDoubtfulAccountsNetOfNominativeAllowances" xlink:to="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances" xlink:title="Label : AllowanceForDoubtfulAccountsNetOfNominativeAllowances to label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_1" xml:lang="en-US" id="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_1">Allowances for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForDoubtfulAccountsNetOfNominativeAllowances" xlink:to="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_1" xlink:title="Label : AllowanceForDoubtfulAccountsNetOfNominativeAllowances to label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_1" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_2" xml:lang="en-US" id="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_2">Allowance for doubtful accounts net of nominative allowances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForDoubtfulAccountsNetOfNominativeAllowances" xlink:to="label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_2" xlink:title="Label : AllowanceForDoubtfulAccountsNetOfNominativeAllowances to label_AllowanceForDoubtfulAccountsNetOfNominativeAllowances_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" xlink:label="CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" xlink:title="CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" xml:lang="en-US" id="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts">The amount of nominative allowances for doubtful accounts from current trade receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" xlink:to="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" xlink:title="Label : CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts to label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_1" xml:lang="en-US" id="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_1">Current trade receivables nominative allowances for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" xlink:to="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_1" xlink:title="Label : CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts to label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_2" xml:lang="en-US" id="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_2">Nominative allowances for doubtful accounts</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" xlink:to="label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_2" xlink:title="Label : CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts to label_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_BalancesWithBanks" xlink:label="BalancesWithBanks" xlink:title="BalancesWithBanks" />
    <link:label xlink:type="resource" xlink:label="label_BalancesWithBanks" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BalancesWithBanks" xml:lang="en-US" id="label_BalancesWithBanks">Cash at banks</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BalancesWithBanks" xlink:to="label_BalancesWithBanks" xlink:title="Label : BalancesWithBanks to label_BalancesWithBanks" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents" xlink:label="ShorttermDepositsClassifiedAsCashEquivalents" xlink:title="ShorttermDepositsClassifiedAsCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermDepositsClassifiedAsCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShorttermDepositsClassifiedAsCashEquivalents" xml:lang="en-US" id="label_ShorttermDepositsClassifiedAsCashEquivalents">Liquidity funds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermDepositsClassifiedAsCashEquivalents" xlink:to="label_ShorttermDepositsClassifiedAsCashEquivalents" xlink:title="Label : ShorttermDepositsClassifiedAsCashEquivalents to label_ShorttermDepositsClassifiedAsCashEquivalents" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:label="ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:title="ShorttermInvestmentsClassifiedAsCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ShorttermInvestmentsClassifiedAsCashEquivalents" xml:lang="en-US" id="label_ShorttermInvestmentsClassifiedAsCashEquivalents">Short-term investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:to="label_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:title="Label : ShorttermInvestmentsClassifiedAsCashEquivalents to label_ShorttermInvestmentsClassifiedAsCashEquivalents" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherInvestmentsCurrentAbstract" xlink:label="OtherInvestmentsCurrentAbstract" xlink:title="OtherInvestmentsCurrentAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestmentsCurrentAbstract" xml:lang="en-US" id="label_OtherInvestmentsCurrentAbstract">Other investments current [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentAbstract" xlink:to="label_OtherInvestmentsCurrentAbstract" xlink:title="Label : OtherInvestmentsCurrentAbstract to label_OtherInvestmentsCurrentAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInvestmentsCurrentAbstract_1" xml:lang="en-US" id="label_OtherInvestmentsCurrentAbstract_1">Other investments - current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentAbstract" xlink:to="label_OtherInvestmentsCurrentAbstract_1" xlink:title="Label : OtherInvestmentsCurrentAbstract to label_OtherInvestmentsCurrentAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherInvestmentsCurrentFixedIncome" xlink:label="OtherInvestmentsCurrentFixedIncome" xlink:title="OtherInvestmentsCurrentFixedIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentFixedIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestmentsCurrentFixedIncome" xml:lang="en-US" id="label_OtherInvestmentsCurrentFixedIncome">Other investments current fixed income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentFixedIncome" xlink:to="label_OtherInvestmentsCurrentFixedIncome" xlink:title="Label : OtherInvestmentsCurrentFixedIncome to label_OtherInvestmentsCurrentFixedIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentFixedIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInvestmentsCurrentFixedIncome_1" xml:lang="en-US" id="label_OtherInvestmentsCurrentFixedIncome_1">Fixed income (time-deposit, zero coupon bonds, commercial papers)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentFixedIncome" xlink:to="label_OtherInvestmentsCurrentFixedIncome_1" xlink:title="Label : OtherInvestmentsCurrentFixedIncome to label_OtherInvestmentsCurrentFixedIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentFixedIncome_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherInvestmentsCurrentFixedIncome_2" xml:lang="en-US" id="label_OtherInvestmentsCurrentFixedIncome_2">The amount of fixed income current investments which may include but not limited to time-deposit, zero coupon bonds, commercial papers.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentFixedIncome" xlink:to="label_OtherInvestmentsCurrentFixedIncome_2" xlink:title="Label : OtherInvestmentsCurrentFixedIncome to label_OtherInvestmentsCurrentFixedIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherInvestmentsCurrentBondsAndOtherFixedIncome" xlink:label="OtherInvestmentsCurrentBondsAndOtherFixedIncome" xlink:title="OtherInvestmentsCurrentBondsAndOtherFixedIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome" xml:lang="en-US" id="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome">The amount of bonds and other fixed income current investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentBondsAndOtherFixedIncome" xlink:to="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome" xlink:title="Label : OtherInvestmentsCurrentBondsAndOtherFixedIncome to label_OtherInvestmentsCurrentBondsAndOtherFixedIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_1" xml:lang="en-US" id="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_1">Bonds and other fixed income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentBondsAndOtherFixedIncome" xlink:to="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_1" xlink:title="Label : OtherInvestmentsCurrentBondsAndOtherFixedIncome to label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_2" xml:lang="en-US" id="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_2">Other investments current bonds and other fixed income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentBondsAndOtherFixedIncome" xlink:to="label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_2" xlink:title="Label : OtherInvestmentsCurrentBondsAndOtherFixedIncome to label_OtherInvestmentsCurrentBondsAndOtherFixedIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherInvestmentsNoncurrentAbstract" xlink:label="OtherInvestmentsNoncurrentAbstract" xlink:title="OtherInvestmentsNoncurrentAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsNoncurrentAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestmentsNoncurrentAbstract" xml:lang="en-US" id="label_OtherInvestmentsNoncurrentAbstract">Other investments noncurrent [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsNoncurrentAbstract" xlink:to="label_OtherInvestmentsNoncurrentAbstract" xlink:title="Label : OtherInvestmentsNoncurrentAbstract to label_OtherInvestmentsNoncurrentAbstract" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsNoncurrentAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInvestmentsNoncurrentAbstract_1" xml:lang="en-US" id="label_OtherInvestmentsNoncurrentAbstract_1">Other investments - non-current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsNoncurrentAbstract" xlink:to="label_OtherInvestmentsNoncurrentAbstract_1" xlink:title="Label : OtherInvestmentsNoncurrentAbstract to label_OtherInvestmentsNoncurrentAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" xlink:label="OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" xlink:title="OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" xml:lang="en-US" id="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome">The amount of bonds and other fixed income non-current investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" xlink:to="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" xlink:title="Label : OtherInvestmentsNoncurrentBondsAndOtherFixedIncome to label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_1" xml:lang="en-US" id="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_1">Bonds and other fixed income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" xlink:to="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_1" xlink:title="Label : OtherInvestmentsNoncurrentBondsAndOtherFixedIncome to label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_2" xml:lang="en-US" id="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_2">Other investments noncurrent bonds and other fixed income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" xlink:to="label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_2" xlink:title="Label : OtherInvestmentsNoncurrentBondsAndOtherFixedIncome to label_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherInvestmentsNoncurrentOthers" xlink:label="OtherInvestmentsNoncurrentOthers" xlink:title="OtherInvestmentsNoncurrentOthers" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsNoncurrentOthers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherInvestmentsNoncurrentOthers" xml:lang="en-US" id="label_OtherInvestmentsNoncurrentOthers">Others' with proposed documentation "The amount of other non-current investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsNoncurrentOthers" xlink:to="label_OtherInvestmentsNoncurrentOthers" xlink:title="Label : OtherInvestmentsNoncurrentOthers to label_OtherInvestmentsNoncurrentOthers" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsNoncurrentOthers_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInvestmentsNoncurrentOthers_1" xml:lang="en-US" id="label_OtherInvestmentsNoncurrentOthers_1">Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsNoncurrentOthers" xlink:to="label_OtherInvestmentsNoncurrentOthers_1" xlink:title="Label : OtherInvestmentsNoncurrentOthers to label_OtherInvestmentsNoncurrentOthers_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsNoncurrentOthers_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestmentsNoncurrentOthers_2" xml:lang="en-US" id="label_OtherInvestmentsNoncurrentOthers_2">Other investments noncurrent others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsNoncurrentOthers" xlink:to="label_OtherInvestmentsNoncurrentOthers_2" xlink:title="Label : OtherInvestmentsNoncurrentOthers to label_OtherInvestmentsNoncurrentOthers_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:label="DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:title="DisclosureOfDetailedInformationAboutBorrowingsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDetailedInformationAboutBorrowingsTable" xml:lang="en-US" id="label_DisclosureOfDetailedInformationAboutBorrowingsTable">Disclosure of detailed information about borrowings [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:to="label_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:title="Label : DisclosureOfDetailedInformationAboutBorrowingsTable to label_DisclosureOfDetailedInformationAboutBorrowingsTable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_BankBorrowingsMember" xlink:label="BankBorrowingsMember" xlink:title="BankBorrowingsMember" />
    <link:label xlink:type="resource" xlink:label="label_BankBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BankBorrowingsMember" xml:lang="en-US" id="label_BankBorrowingsMember">Bank borrowings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankBorrowingsMember" xlink:to="label_BankBorrowingsMember" xlink:title="Label : BankBorrowingsMember to label_BankBorrowingsMember" />
    <link:label xlink:type="resource" xlink:label="label_BankBorrowingsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BankBorrowingsMember_1" xml:lang="en-US" id="label_BankBorrowingsMember_1">Represents bank borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankBorrowingsMember" xlink:to="label_BankBorrowingsMember_1" xlink:title="Label : BankBorrowingsMember to label_BankBorrowingsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_BankOverdrafts1Member" xlink:label="BankOverdrafts1Member" xlink:title="BankOverdrafts1Member" />
    <link:label xlink:type="resource" xlink:label="label_BankOverdrafts1Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BankOverdrafts1Member" xml:lang="en-US" id="label_BankOverdrafts1Member">Bank overdrafts [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankOverdrafts1Member" xlink:to="label_BankOverdrafts1Member" xlink:title="Label : BankOverdrafts1Member to label_BankOverdrafts1Member" />
    <link:label xlink:type="resource" xlink:label="label_BankOverdrafts1Member_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BankOverdrafts1Member_1" xml:lang="en-US" id="label_BankOverdrafts1Member_1">Represents bank overdrafts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankOverdrafts1Member" xlink:to="label_BankOverdrafts1Member_1" xlink:title="Label : BankOverdrafts1Member to label_BankOverdrafts1Member_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FinanceLeaseLiabilitiesMember" xlink:label="FinanceLeaseLiabilitiesMember" xlink:title="FinanceLeaseLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeaseLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceLeaseLiabilitiesMember" xml:lang="en-US" id="label_FinanceLeaseLiabilitiesMember">Finance lease liabilities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilitiesMember" xlink:to="label_FinanceLeaseLiabilitiesMember" xlink:title="Label : FinanceLeaseLiabilitiesMember to label_FinanceLeaseLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeaseLiabilitiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinanceLeaseLiabilitiesMember_1" xml:lang="en-US" id="label_FinanceLeaseLiabilitiesMember_1">Represents finance lease liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilitiesMember" xlink:to="label_FinanceLeaseLiabilitiesMember_1" xlink:title="Label : FinanceLeaseLiabilitiesMember to label_FinanceLeaseLiabilitiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:label="DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:title="DisclosureOfDetailedInformationAboutBorrowingsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xml:lang="en-US" id="label_DisclosureOfDetailedInformationAboutBorrowingsLineItems">Disclosure of detailed information about borrowings [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:to="label_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:title="Label : DisclosureOfDetailedInformationAboutBorrowingsLineItems to label_DisclosureOfDetailedInformationAboutBorrowingsLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:label="NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:title="NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xml:lang="en-US" id="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt">Non-current borrowings before costs of issue of debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:to="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:title="Label : NoncurrentBorrowingsBeforeCostsOfIssueOfDebt to label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_1" xml:lang="en-US" id="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_1">Total borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:to="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_1" xlink:title="Label : NoncurrentBorrowingsBeforeCostsOfIssueOfDebt to label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_2" xml:lang="en-US" id="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_2">The amount of non-current borrowings before the costs of issue of debt.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:to="label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_2" xlink:title="Label : NoncurrentBorrowingsBeforeCostsOfIssueOfDebt to label_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NoncurrentCostsOfIssueOfDebt" xlink:label="NoncurrentCostsOfIssueOfDebt" xlink:title="NoncurrentCostsOfIssueOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentCostsOfIssueOfDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentCostsOfIssueOfDebt" xml:lang="en-US" id="label_NoncurrentCostsOfIssueOfDebt">Noncurrent costs of issue of debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentCostsOfIssueOfDebt" xlink:to="label_NoncurrentCostsOfIssueOfDebt" xlink:title="Label : NoncurrentCostsOfIssueOfDebt to label_NoncurrentCostsOfIssueOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentCostsOfIssueOfDebt_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_NoncurrentCostsOfIssueOfDebt_1" xml:lang="en-US" id="label_NoncurrentCostsOfIssueOfDebt_1">Non-current costs of issue of debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentCostsOfIssueOfDebt" xlink:to="label_NoncurrentCostsOfIssueOfDebt_1" xlink:title="Label : NoncurrentCostsOfIssueOfDebt to label_NoncurrentCostsOfIssueOfDebt_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentCostsOfIssueOfDebt_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentCostsOfIssueOfDebt_2" xml:lang="en-US" id="label_NoncurrentCostsOfIssueOfDebt_2">The amount of costs of issue of debt classified as non-current.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentCostsOfIssueOfDebt" xlink:to="label_NoncurrentCostsOfIssueOfDebt_2" xlink:title="Label : NoncurrentCostsOfIssueOfDebt to label_NoncurrentCostsOfIssueOfDebt_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:label="CurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:title="CurrentBorrowingsBeforeCostsOfIssueOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentBorrowingsBeforeCostsOfIssueOfDebt" xml:lang="en-US" id="label_CurrentBorrowingsBeforeCostsOfIssueOfDebt">Current borrowings before costs of issue of debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:to="label_CurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:title="Label : CurrentBorrowingsBeforeCostsOfIssueOfDebt to label_CurrentBorrowingsBeforeCostsOfIssueOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_CurrentBorrowingsBeforeCostsOfIssueOfDebt_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentBorrowingsBeforeCostsOfIssueOfDebt_1" xml:lang="en-US" id="label_CurrentBorrowingsBeforeCostsOfIssueOfDebt_1">The amount of current borrowings before the costs of issue of debt.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentBorrowingsBeforeCostsOfIssueOfDebt" xlink:to="label_CurrentBorrowingsBeforeCostsOfIssueOfDebt_1" xlink:title="Label : CurrentBorrowingsBeforeCostsOfIssueOfDebt to label_CurrentBorrowingsBeforeCostsOfIssueOfDebt_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentCostsOfIssueOfDebt" xlink:label="CurrentCostsOfIssueOfDebt" xlink:title="CurrentCostsOfIssueOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_CurrentCostsOfIssueOfDebt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentCostsOfIssueOfDebt" xml:lang="en-US" id="label_CurrentCostsOfIssueOfDebt">Current costs of issue of debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentCostsOfIssueOfDebt" xlink:to="label_CurrentCostsOfIssueOfDebt" xlink:title="Label : CurrentCostsOfIssueOfDebt to label_CurrentCostsOfIssueOfDebt" />
    <link:label xlink:type="resource" xlink:label="label_CurrentCostsOfIssueOfDebt_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_CurrentCostsOfIssueOfDebt_1" xml:lang="en-US" id="label_CurrentCostsOfIssueOfDebt_1">Current costs of issue of debt</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentCostsOfIssueOfDebt" xlink:to="label_CurrentCostsOfIssueOfDebt_1" xlink:title="Label : CurrentCostsOfIssueOfDebt to label_CurrentCostsOfIssueOfDebt_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentCostsOfIssueOfDebt_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentCostsOfIssueOfDebt_2" xml:lang="en-US" id="label_CurrentCostsOfIssueOfDebt_2">The amount of costs of issue of debt classified as current.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentCostsOfIssueOfDebt" xlink:to="label_CurrentCostsOfIssueOfDebt_2" xlink:title="Label : CurrentCostsOfIssueOfDebt to label_CurrentCostsOfIssueOfDebt_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherBorrowingsMember" xlink:label="OtherBorrowingsMember" xlink:title="OtherBorrowingsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherBorrowingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherBorrowingsMember" xml:lang="en-US" id="label_OtherBorrowingsMember">Other borrowings [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherBorrowingsMember" xlink:to="label_OtherBorrowingsMember" xlink:title="Label : OtherBorrowingsMember to label_OtherBorrowingsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherBorrowingsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherBorrowingsMember_1" xml:lang="en-US" id="label_OtherBorrowingsMember_1">Represents other borrowings.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherBorrowingsMember" xlink:to="label_OtherBorrowingsMember_1" xlink:title="Label : OtherBorrowingsMember to label_OtherBorrowingsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:title="LaterThanOneYearAndNotLaterThanTwoYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xml:lang="en-US" id="label_LaterThanOneYearAndNotLaterThanTwoYearsMember">Later than one year and not later than two years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="label_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:title="Label : LaterThanOneYearAndNotLaterThanTwoYearsMember to label_LaterThanOneYearAndNotLaterThanTwoYearsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:title="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xml:lang="en-US" id="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember">Later than two years and not later than three years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:title="Label : LaterThanTwoYearsAndNotLaterThanThreeYearsMember to label_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:label="LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:title="LaterThanThreeYearsAndNotLaterThanFourYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xml:lang="en-US" id="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember">Later than three years and not later than four years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="label_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:title="Label : LaterThanThreeYearsAndNotLaterThanFourYearsMember to label_LaterThanThreeYearsAndNotLaterThanFourYearsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:label="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:title="LaterThanFourYearsAndNotLaterThanFiveYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xml:lang="en-US" id="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember">Later than four years and not later than five years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:title="Label : LaterThanFourYearsAndNotLaterThanFiveYearsMember to label_LaterThanFourYearsAndNotLaterThanFiveYearsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestPayable" xlink:label="InterestPayable" xlink:title="InterestPayable" />
    <link:label xlink:type="resource" xlink:label="label_InterestPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestPayable" xml:lang="en-US" id="label_InterestPayable">Interest to be accrued (*)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestPayable" xlink:to="label_InterestPayable" xlink:title="Label : InterestPayable to label_InterestPayable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_BorrowingsIncludingInterestToBeAccrued" xlink:label="BorrowingsIncludingInterestToBeAccrued" xlink:title="BorrowingsIncludingInterestToBeAccrued" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsIncludingInterestToBeAccrued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsIncludingInterestToBeAccrued" xml:lang="en-US" id="label_BorrowingsIncludingInterestToBeAccrued">Borrowings including interest to be accrued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsIncludingInterestToBeAccrued" xlink:to="label_BorrowingsIncludingInterestToBeAccrued" xlink:title="Label : BorrowingsIncludingInterestToBeAccrued to label_BorrowingsIncludingInterestToBeAccrued" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsIncludingInterestToBeAccrued_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_BorrowingsIncludingInterestToBeAccrued_1" xml:lang="en-US" id="label_BorrowingsIncludingInterestToBeAccrued_1">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsIncludingInterestToBeAccrued" xlink:to="label_BorrowingsIncludingInterestToBeAccrued_1" xlink:title="Label : BorrowingsIncludingInterestToBeAccrued to label_BorrowingsIncludingInterestToBeAccrued_1" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsIncludingInterestToBeAccrued_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BorrowingsIncludingInterestToBeAccrued_2" xml:lang="en-US" id="label_BorrowingsIncludingInterestToBeAccrued_2">The amount of borrowings including interest to be accrued.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsIncludingInterestToBeAccrued" xlink:to="label_BorrowingsIncludingInterestToBeAccrued_2" xlink:title="Label : BorrowingsIncludingInterestToBeAccrued to label_BorrowingsIncludingInterestToBeAccrued_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SignificantBorrowingsAsOfClosingDateMember" xlink:label="SignificantBorrowingsAsOfClosingDateMember" xlink:title="SignificantBorrowingsAsOfClosingDateMember" />
    <link:label xlink:type="resource" xlink:label="label_SignificantBorrowingsAsOfClosingDateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantBorrowingsAsOfClosingDateMember" xml:lang="en-US" id="label_SignificantBorrowingsAsOfClosingDateMember">Significant borrowings as of closing date [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantBorrowingsAsOfClosingDateMember" xlink:to="label_SignificantBorrowingsAsOfClosingDateMember" xlink:title="Label : SignificantBorrowingsAsOfClosingDateMember to label_SignificantBorrowingsAsOfClosingDateMember" />
    <link:label xlink:type="resource" xlink:label="label_SignificantBorrowingsAsOfClosingDateMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SignificantBorrowingsAsOfClosingDateMember_1" xml:lang="en-US" id="label_SignificantBorrowingsAsOfClosingDateMember_1">Refers to information regarding significant borrowings as of closing date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantBorrowingsAsOfClosingDateMember" xlink:to="label_SignificantBorrowingsAsOfClosingDateMember_1" xlink:title="Label : SignificantBorrowingsAsOfClosingDateMember to label_SignificantBorrowingsAsOfClosingDateMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SignificantBorrowingsOneAsOfClosingDateMember" xlink:label="SignificantBorrowingsOneAsOfClosingDateMember" xlink:title="SignificantBorrowingsOneAsOfClosingDateMember" />
    <link:label xlink:type="resource" xlink:label="label_SignificantBorrowingsOneAsOfClosingDateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantBorrowingsOneAsOfClosingDateMember" xml:lang="en-US" id="label_SignificantBorrowingsOneAsOfClosingDateMember">Significant borrowings one, as of closing date [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantBorrowingsOneAsOfClosingDateMember" xlink:to="label_SignificantBorrowingsOneAsOfClosingDateMember" xlink:title="Label : SignificantBorrowingsOneAsOfClosingDateMember to label_SignificantBorrowingsOneAsOfClosingDateMember" />
    <link:label xlink:type="resource" xlink:label="label_SignificantBorrowingsOneAsOfClosingDateMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SignificantBorrowingsOneAsOfClosingDateMember_1" xml:lang="en-US" id="label_SignificantBorrowingsOneAsOfClosingDateMember_1">This member stands for the information pertaining to "Significant borrowings one, as of closing date".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantBorrowingsOneAsOfClosingDateMember" xlink:to="label_SignificantBorrowingsOneAsOfClosingDateMember_1" xlink:title="Label : SignificantBorrowingsOneAsOfClosingDateMember to label_SignificantBorrowingsOneAsOfClosingDateMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SignificantBorrowingsOneAsOfClosingDateMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SignificantBorrowingsOneAsOfClosingDateMember_2" xml:lang="en-US" id="label_SignificantBorrowingsOneAsOfClosingDateMember_2">Significant borrowings one, as of closing date [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantBorrowingsOneAsOfClosingDateMember" xlink:to="label_SignificantBorrowingsOneAsOfClosingDateMember_2" xlink:title="Label : SignificantBorrowingsOneAsOfClosingDateMember to label_SignificantBorrowingsOneAsOfClosingDateMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SignificantBorrowingsTwoAsOfClosingDateMember" xlink:label="SignificantBorrowingsTwoAsOfClosingDateMember" xlink:title="SignificantBorrowingsTwoAsOfClosingDateMember" />
    <link:label xlink:type="resource" xlink:label="label_SignificantBorrowingsTwoAsOfClosingDateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SignificantBorrowingsTwoAsOfClosingDateMember" xml:lang="en-US" id="label_SignificantBorrowingsTwoAsOfClosingDateMember">Significant borrowings two, as of closing date [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantBorrowingsTwoAsOfClosingDateMember" xlink:to="label_SignificantBorrowingsTwoAsOfClosingDateMember" xlink:title="Label : SignificantBorrowingsTwoAsOfClosingDateMember to label_SignificantBorrowingsTwoAsOfClosingDateMember" />
    <link:label xlink:type="resource" xlink:label="label_SignificantBorrowingsTwoAsOfClosingDateMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SignificantBorrowingsTwoAsOfClosingDateMember_1" xml:lang="en-US" id="label_SignificantBorrowingsTwoAsOfClosingDateMember_1">This member stands for the information pertaining to "Significant borrowings two, as of closing date".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantBorrowingsTwoAsOfClosingDateMember" xlink:to="label_SignificantBorrowingsTwoAsOfClosingDateMember_1" xlink:title="Label : SignificantBorrowingsTwoAsOfClosingDateMember to label_SignificantBorrowingsTwoAsOfClosingDateMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SignificantBorrowingsTwoAsOfClosingDateMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SignificantBorrowingsTwoAsOfClosingDateMember_2" xml:lang="en-US" id="label_SignificantBorrowingsTwoAsOfClosingDateMember_2">Significant borrowings two, as of closing date [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SignificantBorrowingsTwoAsOfClosingDateMember" xlink:to="label_SignificantBorrowingsTwoAsOfClosingDateMember_2" xlink:title="Label : SignificantBorrowingsTwoAsOfClosingDateMember to label_SignificantBorrowingsTwoAsOfClosingDateMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MaverickTubeCorporationAndSubsidiariesOneMember" xlink:label="MaverickTubeCorporationAndSubsidiariesOneMember" xlink:title="MaverickTubeCorporationAndSubsidiariesOneMember" />
    <link:label xlink:type="resource" xlink:label="label_MaverickTubeCorporationAndSubsidiariesOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaverickTubeCorporationAndSubsidiariesOneMember" xml:lang="en-US" id="label_MaverickTubeCorporationAndSubsidiariesOneMember">Maverick Tube Corporation and Subsidiaries One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaverickTubeCorporationAndSubsidiariesOneMember" xlink:to="label_MaverickTubeCorporationAndSubsidiariesOneMember" xlink:title="Label : MaverickTubeCorporationAndSubsidiariesOneMember to label_MaverickTubeCorporationAndSubsidiariesOneMember" />
    <link:label xlink:type="resource" xlink:label="label_MaverickTubeCorporationAndSubsidiariesOneMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaverickTubeCorporationAndSubsidiariesOneMember_1" xml:lang="en-US" id="label_MaverickTubeCorporationAndSubsidiariesOneMember_1">The entity MAVERICK TUBE CORPORATION and subsidiaries, One.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaverickTubeCorporationAndSubsidiariesOneMember" xlink:to="label_MaverickTubeCorporationAndSubsidiariesOneMember_1" xlink:title="Label : MaverickTubeCorporationAndSubsidiariesOneMember to label_MaverickTubeCorporationAndSubsidiariesOneMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MaverickTubeCorporationAndSubsidiariesTwoMember" xlink:label="MaverickTubeCorporationAndSubsidiariesTwoMember" xlink:title="MaverickTubeCorporationAndSubsidiariesTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_MaverickTubeCorporationAndSubsidiariesTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaverickTubeCorporationAndSubsidiariesTwoMember" xml:lang="en-US" id="label_MaverickTubeCorporationAndSubsidiariesTwoMember">Maverick Tube Corporation and Subsidiaries Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaverickTubeCorporationAndSubsidiariesTwoMember" xlink:to="label_MaverickTubeCorporationAndSubsidiariesTwoMember" xlink:title="Label : MaverickTubeCorporationAndSubsidiariesTwoMember to label_MaverickTubeCorporationAndSubsidiariesTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_MaverickTubeCorporationAndSubsidiariesTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaverickTubeCorporationAndSubsidiariesTwoMember_1" xml:lang="en-US" id="label_MaverickTubeCorporationAndSubsidiariesTwoMember_1">The entity MAVERICK TUBE CORPORATION and subsidiaries, Two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaverickTubeCorporationAndSubsidiariesTwoMember" xlink:to="label_MaverickTubeCorporationAndSubsidiariesTwoMember_1" xlink:title="Label : MaverickTubeCorporationAndSubsidiariesTwoMember to label_MaverickTubeCorporationAndSubsidiariesTwoMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TamsaHydrilAndOtherOneMember" xlink:label="TamsaHydrilAndOtherOneMember" xlink:title="TamsaHydrilAndOtherOneMember" />
    <link:label xlink:type="resource" xlink:label="label_TamsaHydrilAndOtherOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TamsaHydrilAndOtherOneMember" xml:lang="en-US" id="label_TamsaHydrilAndOtherOneMember">Tamsa Hydril and Other One [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TamsaHydrilAndOtherOneMember" xlink:to="label_TamsaHydrilAndOtherOneMember" xlink:title="Label : TamsaHydrilAndOtherOneMember to label_TamsaHydrilAndOtherOneMember" />
    <link:label xlink:type="resource" xlink:label="label_TamsaHydrilAndOtherOneMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TamsaHydrilAndOtherOneMember_1" xml:lang="en-US" id="label_TamsaHydrilAndOtherOneMember_1">The cash generating unit Tamsa (Hydril and other), One.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TamsaHydrilAndOtherOneMember" xlink:to="label_TamsaHydrilAndOtherOneMember_1" xlink:title="Label : TamsaHydrilAndOtherOneMember to label_TamsaHydrilAndOtherOneMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TamsaHydrilAndOtherTwoMember" xlink:label="TamsaHydrilAndOtherTwoMember" xlink:title="TamsaHydrilAndOtherTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_TamsaHydrilAndOtherTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TamsaHydrilAndOtherTwoMember" xml:lang="en-US" id="label_TamsaHydrilAndOtherTwoMember">Tamsa Hydril and Other Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TamsaHydrilAndOtherTwoMember" xlink:to="label_TamsaHydrilAndOtherTwoMember" xlink:title="Label : TamsaHydrilAndOtherTwoMember to label_TamsaHydrilAndOtherTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_TamsaHydrilAndOtherTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TamsaHydrilAndOtherTwoMember_1" xml:lang="en-US" id="label_TamsaHydrilAndOtherTwoMember_1">The cash generating unit Tamsa (Hydril and other), Two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TamsaHydrilAndOtherTwoMember" xlink:to="label_TamsaHydrilAndOtherTwoMember_1" xlink:title="Label : TamsaHydrilAndOtherTwoMember to label_TamsaHydrilAndOtherTwoMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TamsaHydrilAndOtherThreeMember" xlink:label="TamsaHydrilAndOtherThreeMember" xlink:title="TamsaHydrilAndOtherThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_TamsaHydrilAndOtherThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TamsaHydrilAndOtherThreeMember" xml:lang="en-US" id="label_TamsaHydrilAndOtherThreeMember">Tamsa Hydril and Other Three [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TamsaHydrilAndOtherThreeMember" xlink:to="label_TamsaHydrilAndOtherThreeMember" xlink:title="Label : TamsaHydrilAndOtherThreeMember to label_TamsaHydrilAndOtherThreeMember" />
    <link:label xlink:type="resource" xlink:label="label_TamsaHydrilAndOtherThreeMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TamsaHydrilAndOtherThreeMember_1" xml:lang="en-US" id="label_TamsaHydrilAndOtherThreeMember_1">The cash generating unit Tamsa (Hydril and other), Three.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TamsaHydrilAndOtherThreeMember" xlink:to="label_TamsaHydrilAndOtherThreeMember_1" xlink:title="Label : TamsaHydrilAndOtherThreeMember to label_TamsaHydrilAndOtherThreeMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SidercaSaicAndSubsidiariesMember" xlink:label="SidercaSaicAndSubsidiariesMember" xlink:title="SidercaSaicAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_SidercaSaicAndSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SidercaSaicAndSubsidiariesMember" xml:lang="en-US" id="label_SidercaSaicAndSubsidiariesMember">SIDERCA S.A.I.C. and subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SidercaSaicAndSubsidiariesMember" xlink:to="label_SidercaSaicAndSubsidiariesMember" xlink:title="Label : SidercaSaicAndSubsidiariesMember to label_SidercaSaicAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_SidercaSaicAndSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SidercaSaicAndSubsidiariesMember_1" xml:lang="en-US" id="label_SidercaSaicAndSubsidiariesMember_1">The entity SIDERCA S.A.I.C. and subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SidercaSaicAndSubsidiariesMember" xlink:to="label_SidercaSaicAndSubsidiariesMember_1" xlink:title="Label : SidercaSaicAndSubsidiariesMember to label_SidercaSaicAndSubsidiariesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TamsaMember" xlink:label="TamsaMember" xlink:title="TamsaMember" />
    <link:label xlink:type="resource" xlink:label="label_TamsaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TamsaMember" xml:lang="en-US" id="label_TamsaMember">Tamsa [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TamsaMember" xlink:to="label_TamsaMember" xlink:title="Label : TamsaMember to label_TamsaMember" />
    <link:label xlink:type="resource" xlink:label="label_TamsaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TamsaMember_1" xml:lang="en-US" id="label_TamsaMember_1">This member stands for the information pertaining to "Tamsa".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TamsaMember" xlink:to="label_TamsaMember_1" xlink:title="Label : TamsaMember to label_TamsaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TamsaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TamsaMember_2" xml:lang="en-US" id="label_TamsaMember_2">Tamsa</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TamsaMember" xlink:to="label_TamsaMember_2" xlink:title="Label : TamsaMember to label_TamsaMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_WeightedAverageMember" xlink:label="WeightedAverageMember" xlink:title="WeightedAverageMember" />
    <link:label xlink:type="resource" xlink:label="label_WeightedAverageMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeightedAverageMember" xml:lang="en-US" id="label_WeightedAverageMember">Weighted average [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeightedAverageMember" xlink:to="label_WeightedAverageMember" xlink:title="Label : WeightedAverageMember to label_WeightedAverageMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="BorrowingsInterestRate" xlink:title="BorrowingsInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsInterestRate" xml:lang="en-US" id="label_BorrowingsInterestRate">Total borrowings, weighted average interest rates</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsInterestRate" xlink:to="label_BorrowingsInterestRate" xlink:title="Label : BorrowingsInterestRate to label_BorrowingsInterestRate" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2022/currency-2022.xsd#currency_SAR" xlink:label="SAR" xlink:title="SAR" />
    <link:label xlink:type="resource" xlink:label="label_SAR" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SAR" xml:lang="en-US" id="label_SAR">Saudi Arabia, Riyals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SAR" xlink:to="label_SAR" xlink:title="Label : SAR to label_SAR" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2022/currency-2022.xsd#currency_EUR" xlink:label="EUR" xlink:title="EUR" />
    <link:label xlink:type="resource" xlink:label="label_EUR" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EUR" xml:lang="en-US" id="label_EUR">Euro Member Countries, Euro</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EUR" xlink:to="label_EUR" xlink:title="Label : EUR to label_EUR" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2022/currency-2022.xsd#currency_MXN" xlink:label="MXN" xlink:title="MXN" />
    <link:label xlink:type="resource" xlink:label="label_MXN" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MXN" xml:lang="en-US" id="label_MXN">Mexico, Pesos</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MXN" xlink:to="label_MXN" xlink:title="Label : MXN to label_MXN" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2022/currency-2022.xsd#currency_ARS" xlink:label="ARS" xlink:title="ARS" />
    <link:label xlink:type="resource" xlink:label="label_ARS" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ARS" xml:lang="en-US" id="label_ARS">Argentina, Pesos</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ARS" xlink:to="label_ARS" xlink:title="Label : ARS to label_ARS" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherCurrencyMember" xlink:label="OtherCurrencyMember" xlink:title="OtherCurrencyMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrencyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrencyMember" xml:lang="en-US" id="label_OtherCurrencyMember">Other currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrencyMember" xlink:to="label_OtherCurrencyMember" xlink:title="Label : OtherCurrencyMember to label_OtherCurrencyMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrencyMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherCurrencyMember_1" xml:lang="en-US" id="label_OtherCurrencyMember_1">Represents currencies not otherwise specified.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrencyMember" xlink:to="label_OtherCurrencyMember_1" xlink:title="Label : OtherCurrencyMember to label_OtherCurrencyMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EffectOfTranslationDifferencesOnLongtermBorrowings" xlink:label="EffectOfTranslationDifferencesOnLongtermBorrowings" xlink:title="EffectOfTranslationDifferencesOnLongtermBorrowings" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xml:lang="en-US" id="label_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">The increase (decrease) in the current borrowings and current portion of non-current borrowings resulting from translation differences.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" xlink:label="EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" xlink:title="EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" xml:lang="en-US" id="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings">Proceeds and repayments, net, noncurrent</link:label>
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    <link:label xlink:type="resource" xlink:label="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_1" xml:lang="en-US" id="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_1">The increase (decrease) in the non-current portion of non-current borrowings resulting from net proceeds and repayments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" xlink:to="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_1" xlink:title="Label : EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings to label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_2" xml:lang="en-US" id="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_2">Effect of net proceeds and repayments on long term borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" xlink:to="label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_2" xlink:title="Label : EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings to label_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xml:lang="en-US" id="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">Effect of net proceeds and repayments on current borrowings and current portion of noncurrent borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="Label : EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xml:lang="en-US" id="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1">The increase (decrease) in the total current borrowings and current portion of non-current borrowings resulting from net proceeds and repayments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xlink:title="Label : EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" xml:lang="en-US" id="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2">Proceeds and repayments, net, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" xlink:title="Label : EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:label="EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:title="EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xml:lang="en-US" id="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings">Interests accrued less payments, noncurrent</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:to="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:title="Label : EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings to label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_1" xml:lang="en-US" id="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_1">Effect of interests accrued net of payments on long term borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:to="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_1" xlink:title="Label : EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings to label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_2" xml:lang="en-US" id="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_2">The increase (decrease) in the non-current portion of non-current borrowings resulting from interests accrued net of payments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" xlink:to="label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_2" xlink:title="Label : EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings to label_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xml:lang="en-US" id="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">Effect of interests accrued net of payments on current borrowings and current portion of noncurrent borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="Label : EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xml:lang="en-US" id="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1">Interests accrued less payments, current</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xlink:title="Label : EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings to label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2" xml:lang="en-US" id="label_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_2">The increase (decrease) in the non-current portion of non-current borrowings resulting from interests accrued net of payments.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EffectOfReclassificationsOnLongtermBorrowings" xlink:label="EffectOfReclassificationsOnLongtermBorrowings" xlink:title="EffectOfReclassificationsOnLongtermBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfReclassificationsOnLongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EffectOfReclassificationsOnLongtermBorrowings" xml:lang="en-US" id="label_EffectOfReclassificationsOnLongtermBorrowings">Reclassifications, noncurrent</link:label>
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    <link:label xlink:type="resource" xlink:label="label_EffectOfReclassificationsOnLongtermBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EffectOfReclassificationsOnLongtermBorrowings_1" xml:lang="en-US" id="label_EffectOfReclassificationsOnLongtermBorrowings_1">The increase (decrease) in the non-current portion of non-current borrowings resulting from reclassifications.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfReclassificationsOnLongtermBorrowings" xlink:to="label_EffectOfReclassificationsOnLongtermBorrowings_1" xlink:title="Label : EffectOfReclassificationsOnLongtermBorrowings to label_EffectOfReclassificationsOnLongtermBorrowings_1" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfReclassificationsOnLongtermBorrowings_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectOfReclassificationsOnLongtermBorrowings_2" xml:lang="en-US" id="label_EffectOfReclassificationsOnLongtermBorrowings_2">Effect of reclassifications on long term borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EffectOfReclassificationsOnLongtermBorrowings" xlink:to="label_EffectOfReclassificationsOnLongtermBorrowings_2" xlink:title="Label : EffectOfReclassificationsOnLongtermBorrowings to label_EffectOfReclassificationsOnLongtermBorrowings_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:title="EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" />
    <link:label xlink:type="resource" xlink:label="label_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xml:lang="en-US" id="label_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">Reclassifications, current</link:label>
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    <link:label xlink:type="resource" xlink:label="label_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1" xml:lang="en-US" id="label_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_1">Effect of reclassifications on current borrowings and current portion of noncurrent borrowings</link:label>
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    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssetsOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxAssetsOtherMember" xml:lang="en-US" id="label_DeferredTaxAssetsOtherMember">Deferred tax assets, other [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetsOtherMember" xlink:to="label_DeferredTaxAssetsOtherMember" xlink:title="Label : DeferredTaxAssetsOtherMember to label_DeferredTaxAssetsOtherMember" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssetsOtherMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferredTaxAssetsOtherMember_1" xml:lang="en-US" id="label_DeferredTaxAssetsOtherMember_1">This member stands for deferred tax asset attributable to deductible temporary differences, classified as other.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetsOtherMember" xlink:to="label_DeferredTaxAssetsOtherMember_1" xlink:title="Label : DeferredTaxAssetsOtherMember to label_DeferredTaxAssetsOtherMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DeferredTaxAssetsMember" xlink:label="DeferredTaxAssetsMember" xlink:title="DeferredTaxAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxAssetsMember" xml:lang="en-US" id="label_DeferredTaxAssetsMember">Deferred tax assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetsMember" xlink:to="label_DeferredTaxAssetsMember" xlink:title="Label : DeferredTaxAssetsMember to label_DeferredTaxAssetsMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetsMember" xlink:to="label_DeferredTaxAssetsMember_1" xlink:title="Label : DeferredTaxAssetsMember to label_DeferredTaxAssetsMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DeferredTaxLiabilityAsset" xlink:label="DeferredTaxLiabilityAsset" xlink:title="DeferredTaxLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxLiabilityAsset" xml:lang="en-US" id="label_DeferredTaxLiabilityAsset">ifrs-full_DeferredTaxLiabilityAsset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilityAsset" xlink:to="label_DeferredTaxLiabilityAsset" xlink:title="Label : DeferredTaxLiabilityAsset to label_DeferredTaxLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilityAsset_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_DeferredTaxLiabilityAsset_1" xml:lang="en-US" id="label_DeferredTaxLiabilityAsset_1">Net deferred tax liability (asset)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilityAsset" xlink:to="label_DeferredTaxLiabilityAsset_1" xlink:title="Label : DeferredTaxLiabilityAsset to label_DeferredTaxLiabilityAsset_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilityAsset_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_DeferredTaxLiabilityAsset_2" xml:lang="en-US" id="label_DeferredTaxLiabilityAsset_2">At the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilityAsset" xlink:to="label_DeferredTaxLiabilityAsset_2" xlink:title="Label : DeferredTaxLiabilityAsset to label_DeferredTaxLiabilityAsset_2" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilityAsset_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_DeferredTaxLiabilityAsset_3" xml:lang="en-US" id="label_DeferredTaxLiabilityAsset_3">At the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilityAsset" xlink:to="label_DeferredTaxLiabilityAsset_3" xlink:title="Label : DeferredTaxLiabilityAsset to label_DeferredTaxLiabilityAsset_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:label="IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:title="IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset">Translation differences</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset to label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_1">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_1" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset to label_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" xlink:label="IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" xlink:title="IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" />
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset_1">Decrease due to sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset" xlink:to="label_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset_1" xlink:title="Label : IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset to label_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:label="IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:title="IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xml:lang="en-US" id="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset">Increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:to="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:title="Label : IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset to label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_1">ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:to="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_1" xlink:title="Label : IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset to label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_2">Increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:to="label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_2" xlink:title="Label : IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset to label_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:label="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:title="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:to="label_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:title="Label : IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome to label_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:to="label_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_1" xlink:title="Label : IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome to label_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:label="DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:title="DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:to="label_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:title="Label : DeferredTaxExpenseIncomeRecognisedInProfitOrLoss to label_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:label="DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:title="DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xml:lang="en-US" id="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards">Effect of adoption of new standards</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:to="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:title="Label : DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards to label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1" xml:lang="en-US" id="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1">Effect of adoption of new standards</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:to="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1" xlink:title="Label : DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards to label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2" xml:lang="en-US" id="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2">The amount of increase (decrease) in deferred tax assets due to adoption of new accounting standards.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:to="label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2" xlink:title="Label : DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards to label_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:label="DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:title="DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xml:lang="en-US" id="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards">Deferred tax asset increase decrease due to adoption of new accounting standards</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:to="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:title="Label : DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards to label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1" xml:lang="en-US" id="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1">The amount of increase (decrease) in deferred tax assets due to the adoption of new accounting standards.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:to="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1" xlink:title="Label : DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards to label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_1" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2" xml:lang="en-US" id="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2">Effect of adoption of new standards</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" xlink:to="label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2" xlink:title="Label : DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards to label_DeferredTaxAssetIncreaseDecreaseDueToAdoptionOfNewAccountingStandards_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LaterThanOneYearMember" xlink:label="LaterThanOneYearMember" xlink:title="LaterThanOneYearMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanOneYearMember" xlink:to="label_LaterThanOneYearMember" xlink:title="Label : LaterThanOneYearMember to label_LaterThanOneYearMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:label="ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:title="ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:to="label_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:title="Label : ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract to label_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:label="DisclosureOfDefinedBenefitPlansTable" xlink:title="DisclosureOfDefinedBenefitPlansTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDefinedBenefitPlansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDefinedBenefitPlansTable" xml:lang="en-US" id="label_DisclosureOfDefinedBenefitPlansTable">Disclosure of defined benefit plans [table]</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:to="label_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption_1" xlink:title="Label : IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption to label_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OverfundedPlan" xlink:label="OverfundedPlan" xlink:title="OverfundedPlan" />
    <link:label xlink:type="resource" xlink:label="label_OverfundedPlan" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OverfundedPlan" xml:lang="en-US" id="label_OverfundedPlan">Defined benefit plan in which retirement benefits are payable directly from plan assets segregated and restricted to provide such benefits and for which plan assets exceed benefit obligation of plan designed to provide retirement benefits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OverfundedPlan" xlink:to="label_OverfundedPlan" xlink:title="Label : OverfundedPlan to label_OverfundedPlan" />
    <link:label xlink:type="resource" xlink:label="label_OverfundedPlan_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OverfundedPlan_1" xml:lang="en-US" id="label_OverfundedPlan_1">Overfunded Plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OverfundedPlan" xlink:to="label_OverfundedPlan_1" xlink:title="Label : OverfundedPlan to label_OverfundedPlan_1" />
    <link:label xlink:type="resource" xlink:label="label_OverfundedPlan_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OverfundedPlan_2" xml:lang="en-US" id="label_OverfundedPlan_2">Overfunded plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OverfundedPlan" xlink:to="label_OverfundedPlan_2" xlink:title="Label : OverfundedPlan to label_OverfundedPlan_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:label="EstimateOfContributionsExpectedToBePaidToPlan" xlink:title="EstimateOfContributionsExpectedToBePaidToPlan" />
    <link:label xlink:type="resource" xlink:label="label_EstimateOfContributionsExpectedToBePaidToPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimateOfContributionsExpectedToBePaidToPlan" xml:lang="en-US" id="label_EstimateOfContributionsExpectedToBePaidToPlan">ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimateOfContributionsExpectedToBePaidToPlan" xlink:to="label_EstimateOfContributionsExpectedToBePaidToPlan" xlink:title="Label : EstimateOfContributionsExpectedToBePaidToPlan to label_EstimateOfContributionsExpectedToBePaidToPlan" />
    <link:label xlink:type="resource" xlink:label="label_EstimateOfContributionsExpectedToBePaidToPlan_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimateOfContributionsExpectedToBePaidToPlan_1" xml:lang="en-US" id="label_EstimateOfContributionsExpectedToBePaidToPlan_1">Estimate of contributions expected to be paid to plan for next annual reporting period</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimateOfContributionsExpectedToBePaidToPlan" xlink:to="label_EstimateOfContributionsExpectedToBePaidToPlan_1" xlink:title="Label : EstimateOfContributionsExpectedToBePaidToPlan to label_EstimateOfContributionsExpectedToBePaidToPlan_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NoncurrentPostemploymentBenefits" xlink:label="NoncurrentPostemploymentBenefits" xlink:title="NoncurrentPostemploymentBenefits" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPostemploymentBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NoncurrentPostemploymentBenefits" xml:lang="en-US" id="label_NoncurrentPostemploymentBenefits">Post-employment benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPostemploymentBenefits" xlink:to="label_NoncurrentPostemploymentBenefits" xlink:title="Label : NoncurrentPostemploymentBenefits to label_NoncurrentPostemploymentBenefits" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPostemploymentBenefits_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentPostemploymentBenefits_1" xml:lang="en-US" id="label_NoncurrentPostemploymentBenefits_1">The amount of non-current post-employment benefits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPostemploymentBenefits" xlink:to="label_NoncurrentPostemploymentBenefits_1" xlink:title="Label : NoncurrentPostemploymentBenefits to label_NoncurrentPostemploymentBenefits_1" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentPostemploymentBenefits_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentPostemploymentBenefits_2" xml:lang="en-US" id="label_NoncurrentPostemploymentBenefits_2">Noncurrent post employment benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentPostemploymentBenefits" xlink:to="label_NoncurrentPostemploymentBenefits_2" xlink:title="Label : NoncurrentPostemploymentBenefits to label_NoncurrentPostemploymentBenefits_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherNoncurrentBenefits" xlink:label="OtherNoncurrentBenefits" xlink:title="OtherNoncurrentBenefits" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentBenefits" xml:lang="en-US" id="label_OtherNoncurrentBenefits">Other long-term benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentBenefits" xlink:to="label_OtherNoncurrentBenefits" xlink:title="Label : OtherNoncurrentBenefits to label_OtherNoncurrentBenefits" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentBenefits_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentBenefits_1" xml:lang="en-US" id="label_OtherNoncurrentBenefits_1">Other noncurrent benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentBenefits" xlink:to="label_OtherNoncurrentBenefits_1" xlink:title="Label : OtherNoncurrentBenefits to label_OtherNoncurrentBenefits_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentBenefits_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherNoncurrentBenefits_2" xml:lang="en-US" id="label_OtherNoncurrentBenefits_2">The amount of other non-current benefits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentBenefits" xlink:to="label_OtherNoncurrentBenefits_2" xlink:title="Label : OtherNoncurrentBenefits to label_OtherNoncurrentBenefits_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherNoncurrentMiscellaneousLiabilities" xlink:label="OtherNoncurrentMiscellaneousLiabilities" xlink:title="OtherNoncurrentMiscellaneousLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentMiscellaneousLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherNoncurrentMiscellaneousLiabilities" xml:lang="en-US" id="label_OtherNoncurrentMiscellaneousLiabilities">The amount of other non-current miscellaneous liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentMiscellaneousLiabilities" xlink:to="label_OtherNoncurrentMiscellaneousLiabilities" xlink:title="Label : OtherNoncurrentMiscellaneousLiabilities to label_OtherNoncurrentMiscellaneousLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentMiscellaneousLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherNoncurrentMiscellaneousLiabilities_1" xml:lang="en-US" id="label_OtherNoncurrentMiscellaneousLiabilities_1">Other noncurrent miscellaneous liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentMiscellaneousLiabilities" xlink:to="label_OtherNoncurrentMiscellaneousLiabilities_1" xlink:title="Label : OtherNoncurrentMiscellaneousLiabilities to label_OtherNoncurrentMiscellaneousLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherNoncurrentMiscellaneousLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherNoncurrentMiscellaneousLiabilities_2" xml:lang="en-US" id="label_OtherNoncurrentMiscellaneousLiabilities_2">Miscellaneous</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherNoncurrentMiscellaneousLiabilities" xlink:to="label_OtherNoncurrentMiscellaneousLiabilities_2" xlink:title="Label : OtherNoncurrentMiscellaneousLiabilities to label_OtherNoncurrentMiscellaneousLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:label="CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:title="CurrentServiceCostNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xml:lang="en-US" id="label_CurrentServiceCostNetDefinedBenefitLiabilityAsset">Current service cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="label_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:title="Label : CurrentServiceCostNetDefinedBenefitLiabilityAsset to label_CurrentServiceCostNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_CurrentServiceCostNetDefinedBenefitLiabilityAsset_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentServiceCostNetDefinedBenefitLiabilityAsset_1" xml:lang="en-US" id="label_CurrentServiceCostNetDefinedBenefitLiabilityAsset_1">ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="label_CurrentServiceCostNetDefinedBenefitLiabilityAsset_1" xlink:title="Label : CurrentServiceCostNetDefinedBenefitLiabilityAsset to label_CurrentServiceCostNetDefinedBenefitLiabilityAsset_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:label="InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:title="InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xml:lang="en-US" id="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset">Interest cost</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:to="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:title="Label : InterestExpenseIncomeNetDefinedBenefitLiabilityAsset to label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_1" xml:lang="en-US" id="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_1">Interest accrued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:to="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_1" xlink:title="Label : InterestExpenseIncomeNetDefinedBenefitLiabilityAsset to label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_1" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_2" xml:lang="en-US" id="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_2">ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:to="label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_2" xlink:title="Label : InterestExpenseIncomeNetDefinedBenefitLiabilityAsset to label_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:label="GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:title="GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xml:lang="en-US" id="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset">The decrease (increase) in the net defined benefit liability (asset) resulting from curtailments and settlements.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:to="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:title="Label : GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset to label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_1" xml:lang="en-US" id="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_1">Curtailments and settlements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:to="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_1" xlink:title="Label : GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset to label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_1" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_2" xml:lang="en-US" id="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_2">Gains (losses) arising from curtailments and settlements, net defined benefit liability asset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" xlink:to="label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_2" xlink:title="Label : GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset to label_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:label="GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:title="GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xml:lang="en-US" id="label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset">ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:to="label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:title="Label : GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset to label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_1" xml:lang="en-US" id="label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_1">Remeasurements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:to="label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_1" xlink:title="Label : GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset to label_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:label="IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:title="IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xml:lang="en-US" id="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset">ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:to="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:title="Label : IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset to label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_1">Translation differences</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:to="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_1" xlink:title="Label : IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset to label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_2">Translation differences</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseThroughBusinessCombinationsAndDisposalsNetDefinedBenefitLiabilityAsset" xlink:label="IncreaseDecreaseThroughBusinessCombinationsAndDisposalsNetDefinedBenefitLiabilityAsset" xlink:title="IncreaseDecreaseThroughBusinessCombinationsAndDisposalsNetDefinedBenefitLiabilityAsset" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:label="PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:title="PaymentsFromPlanNetDefinedBenefitLiabilityAsset" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities" xlink:label="DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities" xlink:title="DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" xlink:label="IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" xlink:title="IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" />
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    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset_1">Other</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SurplusDeficitInPlan" xlink:label="SurplusDeficitInPlan" xlink:title="SurplusDeficitInPlan" />
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    <link:label xlink:type="resource" xlink:label="label_SurplusDeficitInPlan_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_SurplusDeficitInPlan_1" xml:lang="en-US" id="label_SurplusDeficitInPlan_1">Asset</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:label="ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:title="ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FairValueOfFundedPostemploymentBenefitsMember" xlink:label="FairValueOfFundedPostemploymentBenefitsMember" xlink:title="FairValueOfFundedPostemploymentBenefitsMember" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:label="ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:title="ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:label="ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:title="ContributionsToPlanNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContributionsToPlanNetDefinedBenefitLiabilityAsset" xml:lang="en-US" id="label_ContributionsToPlanNetDefinedBenefitLiabilityAsset">ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:to="label_ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:title="Label : ContributionsToPlanNetDefinedBenefitLiabilityAsset to label_ContributionsToPlanNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_ContributionsToPlanNetDefinedBenefitLiabilityAsset_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_ContributionsToPlanNetDefinedBenefitLiabilityAsset_1" xml:lang="en-US" id="label_ContributionsToPlanNetDefinedBenefitLiabilityAsset_1">Contributions paid to the plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:to="label_ContributionsToPlanNetDefinedBenefitLiabilityAsset_1" xlink:title="Label : ContributionsToPlanNetDefinedBenefitLiabilityAsset to label_ContributionsToPlanNetDefinedBenefitLiabilityAsset_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:label="EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:title="EquityInstrumentsPercentContributedToFairValueOfPlanAssets" />
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xml:lang="en-US" id="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets">Equity instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:to="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:title="Label : EquityInstrumentsPercentContributedToFairValueOfPlanAssets to label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets" />
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_1" xml:lang="en-US" id="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_1">Equity instruments percent contributed to fair value of plan assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:to="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_1" xlink:title="Label : EquityInstrumentsPercentContributedToFairValueOfPlanAssets to label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_2" xml:lang="en-US" id="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_2">The percent that instruments representing equity (rather than debt) constitute of the fair value of defined benefit plan assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EquityInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:to="label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_2" xlink:title="Label : EquityInstrumentsPercentContributedToFairValueOfPlanAssets to label_EquityInstrumentsPercentContributedToFairValueOfPlanAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:label="DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:title="DebtInstrumentsPercentContributedToFairValueOfPlanAssets" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xml:lang="en-US" id="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets">Debt instruments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:to="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:title="Label : DebtInstrumentsPercentContributedToFairValueOfPlanAssets to label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_1" xml:lang="en-US" id="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_1">Debt instruments percent contributed to fair value of plan assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:to="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_1" xlink:title="Label : DebtInstrumentsPercentContributedToFairValueOfPlanAssets to label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_2" xml:lang="en-US" id="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_2">The percent that instruments representing debt (rather than equity) constitute of the fair value of defined benefit plan assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DebtInstrumentsPercentContributedToFairValueOfPlanAssets" xlink:to="label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_2" xlink:title="Label : DebtInstrumentsPercentContributedToFairValueOfPlanAssets to label_DebtInstrumentsPercentContributedToFairValueOfPlanAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:label="OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:title="OtherAssetsPercentContributedToFairValueOfPlanAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherAssetsPercentContributedToFairValueOfPlanAssets" xml:lang="en-US" id="label_OtherAssetsPercentContributedToFairValueOfPlanAssets">The percent that other types of assets not separately disclosed constitute of the fair value of defined benefit plan assets.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:to="label_OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:title="Label : OtherAssetsPercentContributedToFairValueOfPlanAssets to label_OtherAssetsPercentContributedToFairValueOfPlanAssets" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsPercentContributedToFairValueOfPlanAssets_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAssetsPercentContributedToFairValueOfPlanAssets_1" xml:lang="en-US" id="label_OtherAssetsPercentContributedToFairValueOfPlanAssets_1">Others</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:to="label_OtherAssetsPercentContributedToFairValueOfPlanAssets_1" xlink:title="Label : OtherAssetsPercentContributedToFairValueOfPlanAssets to label_OtherAssetsPercentContributedToFairValueOfPlanAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsPercentContributedToFairValueOfPlanAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsPercentContributedToFairValueOfPlanAssets_2" xml:lang="en-US" id="label_OtherAssetsPercentContributedToFairValueOfPlanAssets_2">Other assets percent contributed to fair value of plan assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsPercentContributedToFairValueOfPlanAssets" xlink:to="label_OtherAssetsPercentContributedToFairValueOfPlanAssets_2" xlink:title="Label : OtherAssetsPercentContributedToFairValueOfPlanAssets to label_OtherAssetsPercentContributedToFairValueOfPlanAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrentEmployeeRelatedLiabilities" xlink:label="CurrentEmployeeRelatedLiabilities" xlink:title="CurrentEmployeeRelatedLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentEmployeeRelatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrentEmployeeRelatedLiabilities" xml:lang="en-US" id="label_CurrentEmployeeRelatedLiabilities">The amount of current employee related liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentEmployeeRelatedLiabilities" xlink:to="label_CurrentEmployeeRelatedLiabilities" xlink:title="Label : CurrentEmployeeRelatedLiabilities to label_CurrentEmployeeRelatedLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_CurrentEmployeeRelatedLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrentEmployeeRelatedLiabilities_1" xml:lang="en-US" id="label_CurrentEmployeeRelatedLiabilities_1">Current employee related liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentEmployeeRelatedLiabilities" xlink:to="label_CurrentEmployeeRelatedLiabilities_1" xlink:title="Label : CurrentEmployeeRelatedLiabilities to label_CurrentEmployeeRelatedLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrentEmployeeRelatedLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_CurrentEmployeeRelatedLiabilities_2" xml:lang="en-US" id="label_CurrentEmployeeRelatedLiabilities_2">Payroll and social security payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentEmployeeRelatedLiabilities" xlink:to="label_CurrentEmployeeRelatedLiabilities_2" xlink:title="Label : CurrentEmployeeRelatedLiabilities to label_CurrentEmployeeRelatedLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherCurrentMiscellaneousLiabilities" xlink:label="OtherCurrentMiscellaneousLiabilities" xlink:title="OtherCurrentMiscellaneousLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentMiscellaneousLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherCurrentMiscellaneousLiabilities" xml:lang="en-US" id="label_OtherCurrentMiscellaneousLiabilities">The amount of other current miscellaneous liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentMiscellaneousLiabilities" xlink:to="label_OtherCurrentMiscellaneousLiabilities" xlink:title="Label : OtherCurrentMiscellaneousLiabilities to label_OtherCurrentMiscellaneousLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentMiscellaneousLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentMiscellaneousLiabilities_1" xml:lang="en-US" id="label_OtherCurrentMiscellaneousLiabilities_1">Other current miscellaneous liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentMiscellaneousLiabilities" xlink:to="label_OtherCurrentMiscellaneousLiabilities_1" xlink:title="Label : OtherCurrentMiscellaneousLiabilities to label_OtherCurrentMiscellaneousLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentMiscellaneousLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_OtherCurrentMiscellaneousLiabilities_2" xml:lang="en-US" id="label_OtherCurrentMiscellaneousLiabilities_2">Miscellaneous</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentMiscellaneousLiabilities" xlink:to="label_OtherCurrentMiscellaneousLiabilities_2" xlink:title="Label : OtherCurrentMiscellaneousLiabilities to label_OtherCurrentMiscellaneousLiabilities_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfOtherProvisionsTable" xlink:label="DisclosureOfOtherProvisionsTable" xlink:title="DisclosureOfOtherProvisionsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherProvisionsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherProvisionsTable" xml:lang="en-US" id="label_DisclosureOfOtherProvisionsTable">Disclosure of other provisions [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherProvisionsTable" xlink:to="label_DisclosureOfOtherProvisionsTable" xlink:title="Label : DisclosureOfOtherProvisionsTable to label_DisclosureOfOtherProvisionsTable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProvisionForNoncurrentLiabilitiesMember" xlink:label="ProvisionForNoncurrentLiabilitiesMember" xlink:title="ProvisionForNoncurrentLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForNoncurrentLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionForNoncurrentLiabilitiesMember" xml:lang="en-US" id="label_ProvisionForNoncurrentLiabilitiesMember">Provision for non-current liabilities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForNoncurrentLiabilitiesMember" xlink:to="label_ProvisionForNoncurrentLiabilitiesMember" xlink:title="Label : ProvisionForNoncurrentLiabilitiesMember to label_ProvisionForNoncurrentLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionForNoncurrentLiabilitiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionForNoncurrentLiabilitiesMember_1" xml:lang="en-US" id="label_ProvisionForNoncurrentLiabilitiesMember_1">Represents the provision for non-current liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionForNoncurrentLiabilitiesMember" xlink:to="label_ProvisionForNoncurrentLiabilitiesMember_1" xlink:title="Label : ProvisionForNoncurrentLiabilitiesMember to label_ProvisionForNoncurrentLiabilitiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:label="DisclosureOfOtherProvisionsLineItems" xlink:title="DisclosureOfOtherProvisionsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfOtherProvisionsLineItems" xml:lang="en-US" id="label_DisclosureOfOtherProvisionsLineItems">Disclosure of other provisions [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfOtherProvisionsLineItems" xlink:to="label_DisclosureOfOtherProvisionsLineItems" xlink:title="Label : DisclosureOfOtherProvisionsLineItems to label_DisclosureOfOtherProvisionsLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract" xlink:label="ReconciliationOfChangesInOtherProvisionsAbstract" xlink:title="ReconciliationOfChangesInOtherProvisionsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ReconciliationOfChangesInOtherProvisionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReconciliationOfChangesInOtherProvisionsAbstract" xml:lang="en-US" id="label_ReconciliationOfChangesInOtherProvisionsAbstract">Reconciliation of changes in other provisions [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReconciliationOfChangesInOtherProvisionsAbstract" xlink:to="label_ReconciliationOfChangesInOtherProvisionsAbstract" xlink:title="Label : ReconciliationOfChangesInOtherProvisionsAbstract to label_ReconciliationOfChangesInOtherProvisionsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherProvisions" xlink:label="OtherProvisions" xlink:title="OtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:title="label_OtherProvisions" xml:lang="en-US" id="label_OtherProvisions">Values at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisions" xlink:to="label_OtherProvisions" xlink:title="Label : OtherProvisions to label_OtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisions_1" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:title="label_OtherProvisions_1" xml:lang="en-US" id="label_OtherProvisions_1">Values at the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisions" xlink:to="label_OtherProvisions_1" xlink:title="Label : OtherProvisions to label_OtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherProvisions_2" xml:lang="en-US" id="label_OtherProvisions_2">ifrs-full_OtherProvisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisions" xlink:to="label_OtherProvisions_2" xlink:title="Label : OtherProvisions to label_OtherProvisions_2" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisions_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherProvisions_3" xml:lang="en-US" id="label_OtherProvisions_3">Total other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisions" xlink:to="label_OtherProvisions_3" xlink:title="Label : OtherProvisions to label_OtherProvisions_3" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisions_4" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_OtherProvisions_4" xml:lang="en-US" id="label_OtherProvisions_4">Values at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisions" xlink:to="label_OtherProvisions_4" xlink:title="Label : OtherProvisions to label_OtherProvisions_4" />
    <link:label xlink:type="resource" xlink:label="label_OtherProvisions_5" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_OtherProvisions_5" xml:lang="en-US" id="label_OtherProvisions_5">Values at the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherProvisions" xlink:to="label_OtherProvisions_5" xlink:title="Label : OtherProvisions to label_OtherProvisions_5" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:label="IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:title="IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions">Translation differences</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions to label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_1">Translation differences</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:to="label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_1" xlink:title="Label : IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions to label_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:label="AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:title="AcquisitionsThroughBusinessCombinationsOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitionsThroughBusinessCombinationsOtherProvisions" xml:lang="en-US" id="label_AcquisitionsThroughBusinessCombinationsOtherProvisions">ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:to="label_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:title="Label : AcquisitionsThroughBusinessCombinationsOtherProvisions to label_AcquisitionsThroughBusinessCombinationsOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionsThroughBusinessCombinationsOtherProvisions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitionsThroughBusinessCombinationsOtherProvisions_1" xml:lang="en-US" id="label_AcquisitionsThroughBusinessCombinationsOtherProvisions_1">Increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:to="label_AcquisitionsThroughBusinessCombinationsOtherProvisions_1" xlink:title="Label : AcquisitionsThroughBusinessCombinationsOtherProvisions to label_AcquisitionsThroughBusinessCombinationsOtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitionsThroughBusinessCombinationsOtherProvisions_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_AcquisitionsThroughBusinessCombinationsOtherProvisions_2" xml:lang="en-US" id="label_AcquisitionsThroughBusinessCombinationsOtherProvisions_2">Increase due to business combinations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:to="label_AcquisitionsThroughBusinessCombinationsOtherProvisions_2" xlink:title="Label : AcquisitionsThroughBusinessCombinationsOtherProvisions to label_AcquisitionsThroughBusinessCombinationsOtherProvisions_2" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalProvisionsOtherProvisions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalProvisionsOtherProvisions_1" xml:lang="en-US" id="label_AdditionalProvisionsOtherProvisions_1">Additional provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalProvisionsOtherProvisions" xlink:to="label_AdditionalProvisionsOtherProvisions_1" xlink:title="Label : AdditionalProvisionsOtherProvisions to label_AdditionalProvisionsOtherProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:label="IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:title="IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xml:lang="en-US" id="label_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions">Reclassifications</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:to="label_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:title="Label : IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions to label_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProvisionUsedOtherProvisions" xlink:label="ProvisionUsedOtherProvisions" xlink:title="ProvisionUsedOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ProvisionUsedOtherProvisions" xml:lang="en-US" id="label_ProvisionUsedOtherProvisions">Used</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionUsedOtherProvisions" xlink:to="label_ProvisionUsedOtherProvisions" xlink:title="Label : ProvisionUsedOtherProvisions to label_ProvisionUsedOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionUsedOtherProvisions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionUsedOtherProvisions_1" xml:lang="en-US" id="label_ProvisionUsedOtherProvisions_1">Used</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionUsedOtherProvisions" xlink:to="label_ProvisionUsedOtherProvisions_1" xlink:title="Label : ProvisionUsedOtherProvisions to label_ProvisionUsedOtherProvisions_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xlink:label="AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xlink:title="AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xml:lang="en-US" id="label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember">Allowance for other doubtful accounts - other receivables [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xlink:to="label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xlink:title="Label : AllowanceForOtherDoubtfulAccountsOtherReceivablesMember to label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember_1" xml:lang="en-US" id="label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember_1">Represents the allowance for other doubtful accounts attributable to other receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" xlink:to="label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember_1" xlink:title="Label : AllowanceForOtherDoubtfulAccountsOtherReceivablesMember to label_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AllowanceForInventoryObsolescenceMember" xlink:label="AllowanceForInventoryObsolescenceMember" xlink:title="AllowanceForInventoryObsolescenceMember" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceForInventoryObsolescenceMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceForInventoryObsolescenceMember" xml:lang="en-US" id="label_AllowanceForInventoryObsolescenceMember">Allowance for inventory obsolescence [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForInventoryObsolescenceMember" xlink:to="label_AllowanceForInventoryObsolescenceMember" xlink:title="Label : AllowanceForInventoryObsolescenceMember to label_AllowanceForInventoryObsolescenceMember" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceForInventoryObsolescenceMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllowanceForInventoryObsolescenceMember_1" xml:lang="en-US" id="label_AllowanceForInventoryObsolescenceMember_1">Represents the allowance for inventory obsolescence.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceForInventoryObsolescenceMember" xlink:to="label_AllowanceForInventoryObsolescenceMember_1" xlink:title="Label : AllowanceForInventoryObsolescenceMember to label_AllowanceForInventoryObsolescenceMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" xlink:label="ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" xlink:title="ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" />
    <link:label xlink:type="resource" xlink:label="label_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" xml:lang="en-US" id="label_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract">Reconciliation of changes in allowance account for credit losses of financial assets [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" xlink:to="label_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" xlink:title="Label : ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract to label_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:title="AllowanceAccountForCreditLossesOfFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:title="label_AllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US" id="label_AllowanceAccountForCreditLossesOfFinancialAssets">Values at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:title="Label : AllowanceAccountForCreditLossesOfFinancialAssets to label_AllowanceAccountForCreditLossesOfFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceAccountForCreditLossesOfFinancialAssets_1" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:title="label_AllowanceAccountForCreditLossesOfFinancialAssets_1" xml:lang="en-US" id="label_AllowanceAccountForCreditLossesOfFinancialAssets_1">Values at the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_AllowanceAccountForCreditLossesOfFinancialAssets_1" xlink:title="Label : AllowanceAccountForCreditLossesOfFinancialAssets to label_AllowanceAccountForCreditLossesOfFinancialAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_AllowanceAccountForCreditLossesOfFinancialAssets_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllowanceAccountForCreditLossesOfFinancialAssets_2" xml:lang="en-US" id="label_AllowanceAccountForCreditLossesOfFinancialAssets_2">ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_AllowanceAccountForCreditLossesOfFinancialAssets_2" xlink:title="Label : AllowanceAccountForCreditLossesOfFinancialAssets to label_AllowanceAccountForCreditLossesOfFinancialAssets_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:label="DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:title="DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xml:lang="en-US" id="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions">Decrease due to sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:to="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:title="Label : DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions to label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_1" xml:lang="en-US" id="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_1">Decrease through loss of control of subsidiary, other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:to="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_1" xlink:title="Label : DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions to label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_2" xml:lang="en-US" id="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_2">Decrease due to sale of subsidiaries</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions" xlink:to="label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_2" xlink:title="Label : DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions to label_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:label="IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:title="IncreaseDecreaseThroughReversalsAndAdditionalAllowances" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xml:lang="en-US" id="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances">The increase (decrease) through reversals and (additional) allowances.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:to="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:title="Label : IncreaseDecreaseThroughReversalsAndAdditionalAllowances to label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_1" xml:lang="en-US" id="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_1">(Additional) / reversal allowances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:to="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_1" xlink:title="Label : IncreaseDecreaseThroughReversalsAndAdditionalAllowances to label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_2" xml:lang="en-US" id="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_2">Increase decrease through reversals and additional allowances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseThroughReversalsAndAdditionalAllowances" xlink:to="label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_2" xlink:title="Label : IncreaseDecreaseThroughReversalsAndAdditionalAllowances to label_IncreaseDecreaseThroughReversalsAndAdditionalAllowances_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncreaseDecreaseAdditionalAllowancesOtherProvisions" xlink:label="IncreaseDecreaseAdditionalAllowancesOtherProvisions" xlink:title="IncreaseDecreaseAdditionalAllowancesOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions" xml:lang="en-US" id="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions">Increase decrease additional allowances other provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseAdditionalAllowancesOtherProvisions" xlink:to="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions" xlink:title="Label : IncreaseDecreaseAdditionalAllowancesOtherProvisions to label_IncreaseDecreaseAdditionalAllowancesOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_1" xml:lang="en-US" id="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_1">(Additional) allowances</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseAdditionalAllowancesOtherProvisions" xlink:to="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_1" xlink:title="Label : IncreaseDecreaseAdditionalAllowancesOtherProvisions to label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_2" xml:lang="en-US" id="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_2">The amount of increase (decrease) due to additional allowances, of other provisions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseAdditionalAllowancesOtherProvisions" xlink:to="label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_2" xlink:title="Label : IncreaseDecreaseAdditionalAllowancesOtherProvisions to label_IncreaseDecreaseAdditionalAllowancesOtherProvisions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" xlink:title="UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" xml:lang="en-US" id="label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets">Used</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" xlink:title="Label : UtilisationAllowanceAccountForCreditLossesOfFinancialAssets to label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" />
    <link:label xlink:type="resource" xlink:label="label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets_1" xml:lang="en-US" id="label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets_1">ifrs-full_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UtilisationAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets_1" xlink:title="Label : UtilisationAllowanceAccountForCreditLossesOfFinancialAssets to label_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" xlink:label="IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" xlink:title="IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" xml:lang="en-US" id="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions">ts_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" xlink:to="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" xlink:title="Label : IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions to label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_1" xml:lang="en-US" id="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_1">Effect of adoption of new standards</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" xlink:to="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_1" xlink:title="Label : IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions to label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_2" xml:lang="en-US" id="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_2">The amount of increase (decrease) due to the effect of adoption of new accounting standards, of other provisions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions" xlink:to="label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_2" xlink:title="Label : IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions to label_IncreaseDecreaseDueToEffectOfAdoptionOfNewAccountingStandardsOtherProvisions_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SalesRisksMember" xlink:label="SalesRisksMember" xlink:title="SalesRisksMember" />
    <link:label xlink:type="resource" xlink:label="label_SalesRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SalesRisksMember" xml:lang="en-US" id="label_SalesRisksMember">Sales risks [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesRisksMember" xlink:to="label_SalesRisksMember" xlink:title="Label : SalesRisksMember to label_SalesRisksMember" />
    <link:label xlink:type="resource" xlink:label="label_SalesRisksMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SalesRisksMember_1" xml:lang="en-US" id="label_SalesRisksMember_1">Represents the sales risks provision.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SalesRisksMember" xlink:to="label_SalesRisksMember_1" xlink:title="Label : SalesRisksMember to label_SalesRisksMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MiscellaneousOtherProvisionsMember" xlink:label="MiscellaneousOtherProvisionsMember" xlink:title="MiscellaneousOtherProvisionsMember" />
    <link:label xlink:type="resource" xlink:label="label_MiscellaneousOtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MiscellaneousOtherProvisionsMember" xml:lang="en-US" id="label_MiscellaneousOtherProvisionsMember">Miscellaneous other provisions [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MiscellaneousOtherProvisionsMember" xlink:to="label_MiscellaneousOtherProvisionsMember" xlink:title="Label : MiscellaneousOtherProvisionsMember to label_MiscellaneousOtherProvisionsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProvisionsForCurrentLiabilitiesMember" xlink:label="ProvisionsForCurrentLiabilitiesMember" xlink:title="ProvisionsForCurrentLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForCurrentLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionsForCurrentLiabilitiesMember" xml:lang="en-US" id="label_ProvisionsForCurrentLiabilitiesMember">Provision for current liabilities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForCurrentLiabilitiesMember" xlink:to="label_ProvisionsForCurrentLiabilitiesMember" xlink:title="Label : ProvisionsForCurrentLiabilitiesMember to label_ProvisionsForCurrentLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsForCurrentLiabilitiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionsForCurrentLiabilitiesMember_1" xml:lang="en-US" id="label_ProvisionsForCurrentLiabilitiesMember_1">Represents the provision for current liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsForCurrentLiabilitiesMember" xlink:to="label_ProvisionsForCurrentLiabilitiesMember_1" xlink:title="Label : ProvisionsForCurrentLiabilitiesMember to label_ProvisionsForCurrentLiabilitiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AdditionalProvisionsOtherProvisionsReversals" xlink:label="AdditionalProvisionsOtherProvisionsReversals" xlink:title="AdditionalProvisionsOtherProvisionsReversals" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalProvisionsOtherProvisionsReversals" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdditionalProvisionsOtherProvisionsReversals" xml:lang="en-US" id="label_AdditionalProvisionsOtherProvisionsReversals">The amount of additional other provisions (reversals) made.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalProvisionsOtherProvisionsReversals" xlink:to="label_AdditionalProvisionsOtherProvisionsReversals" xlink:title="Label : AdditionalProvisionsOtherProvisionsReversals to label_AdditionalProvisionsOtherProvisionsReversals" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalProvisionsOtherProvisionsReversals_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AdditionalProvisionsOtherProvisionsReversals_1" xml:lang="en-US" id="label_AdditionalProvisionsOtherProvisionsReversals_1">Additional provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalProvisionsOtherProvisionsReversals" xlink:to="label_AdditionalProvisionsOtherProvisionsReversals_1" xlink:title="Label : AdditionalProvisionsOtherProvisionsReversals to label_AdditionalProvisionsOtherProvisionsReversals_1" />
    <link:label xlink:type="resource" xlink:label="label_AdditionalProvisionsOtherProvisionsReversals_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AdditionalProvisionsOtherProvisionsReversals_2" xml:lang="en-US" id="label_AdditionalProvisionsOtherProvisionsReversals_2">Additional provisions other provisions reversals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdditionalProvisionsOtherProvisionsReversals" xlink:to="label_AdditionalProvisionsOtherProvisionsReversals_2" xlink:title="Label : AdditionalProvisionsOtherProvisionsReversals to label_AdditionalProvisionsOtherProvisionsReversals_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable" xlink:label="DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable" xlink:title="DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable" xml:lang="en-US" id="label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable">Disclosure of information about credit exposures designated as measured at fair value through profit or loss [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable" xlink:to="label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable" xlink:title="Label : DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable to label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis" xlink:label="FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis" xlink:title="FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis" xml:lang="en-US" id="label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis">Financial instruments measured at fair value through profit or loss because credit derivative is used to manage credit risk [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis" xlink:to="label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis" xlink:title="Label : FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis to label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember" xlink:label="FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember" xlink:title="FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember" xml:lang="en-US" id="label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember">Financial instruments measured at fair value through profit or loss because credit derivative is used to manage credit risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember" xlink:to="label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember" xlink:title="Label : FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember to label_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DerivativesHedgingBorrowingsAndInvestmentsMember" xlink:label="DerivativesHedgingBorrowingsAndInvestmentsMember" xlink:title="DerivativesHedgingBorrowingsAndInvestmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_DerivativesHedgingBorrowingsAndInvestmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativesHedgingBorrowingsAndInvestmentsMember" xml:lang="en-US" id="label_DerivativesHedgingBorrowingsAndInvestmentsMember">Derivatives hedging borrowings and investments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesHedgingBorrowingsAndInvestmentsMember" xlink:to="label_DerivativesHedgingBorrowingsAndInvestmentsMember" xlink:title="Label : DerivativesHedgingBorrowingsAndInvestmentsMember to label_DerivativesHedgingBorrowingsAndInvestmentsMember" />
    <link:label xlink:type="resource" xlink:label="label_DerivativesHedgingBorrowingsAndInvestmentsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DerivativesHedgingBorrowingsAndInvestmentsMember_1" xml:lang="en-US" id="label_DerivativesHedgingBorrowingsAndInvestmentsMember_1">Related to derivatives used for hedging borrowings and investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativesHedgingBorrowingsAndInvestmentsMember" xlink:to="label_DerivativesHedgingBorrowingsAndInvestmentsMember_1" xlink:title="Label : DerivativesHedgingBorrowingsAndInvestmentsMember to label_DerivativesHedgingBorrowingsAndInvestmentsMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherDerivativesMember" xlink:label="OtherDerivativesMember" xlink:title="OtherDerivativesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherDerivativesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherDerivativesMember" xml:lang="en-US" id="label_OtherDerivativesMember">Other derivatives [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherDerivativesMember" xlink:to="label_OtherDerivativesMember" xlink:title="Label : OtherDerivativesMember to label_OtherDerivativesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherDerivativesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherDerivativesMember_1" xml:lang="en-US" id="label_OtherDerivativesMember_1">Related to other derivatives.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherDerivativesMember" xlink:to="label_OtherDerivativesMember_1" xlink:title="Label : OtherDerivativesMember to label_OtherDerivativesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems" xlink:label="DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems" xlink:title="DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems" xml:lang="en-US" id="label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems">Disclosure of information about credit exposures designated as measured at fair value through profit or loss [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems" xlink:to="label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems" xlink:title="Label : DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems to label_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DerivativeFinancialAssetsLiabilities" xlink:label="DerivativeFinancialAssetsLiabilities" xlink:title="DerivativeFinancialAssetsLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DerivativeFinancialAssetsLiabilities" xml:lang="en-US" id="label_DerivativeFinancialAssetsLiabilities">Fair value of derivatives</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialAssetsLiabilities" xlink:to="label_DerivativeFinancialAssetsLiabilities" xlink:title="Label : DerivativeFinancialAssetsLiabilities to label_DerivativeFinancialAssetsLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialAssetsLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DerivativeFinancialAssetsLiabilities_1" xml:lang="en-US" id="label_DerivativeFinancialAssetsLiabilities_1">The amount of financial assets (liabilities) classified as derivative instruments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialAssetsLiabilities" xlink:to="label_DerivativeFinancialAssetsLiabilities_1" xlink:title="Label : DerivativeFinancialAssetsLiabilities to label_DerivativeFinancialAssetsLiabilities_1" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialAssetsLiabilities_2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_DerivativeFinancialAssetsLiabilities_2" xml:lang="en-US" id="label_DerivativeFinancialAssetsLiabilities_2">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialAssetsLiabilities" xlink:to="label_DerivativeFinancialAssetsLiabilities_2" xlink:title="Label : DerivativeFinancialAssetsLiabilities to label_DerivativeFinancialAssetsLiabilities_2" />
    <link:label xlink:type="resource" xlink:label="label_DerivativeFinancialAssetsLiabilities_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DerivativeFinancialAssetsLiabilities_3" xml:lang="en-US" id="label_DerivativeFinancialAssetsLiabilities_3">Derivative financial assets liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DerivativeFinancialAssetsLiabilities" xlink:to="label_DerivativeFinancialAssetsLiabilities_3" xlink:title="Label : DerivativeFinancialAssetsLiabilities to label_DerivativeFinancialAssetsLiabilities_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" xlink:label="DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" xlink:title="DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" xml:lang="en-US" id="label_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable">Disclosure of detailed information about hedging instruments [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" xlink:to="label_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" xlink:title="Label : DisclosureOfDetailedInformationAboutHedgingInstrumentsTable to label_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xlink:label="ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xlink:title="ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember">Foreign exchange contract, purchase currency MXN, sell currency USD [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember to label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember_1">Represents a foreign exchange contract where the purchase currency is MXN and the sell currency USD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember to label_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xlink:label="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xlink:title="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember">Foreign exchange contract, purchase currency USD, sell currency MXN [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember_1">Represents a foreign exchange contract where the purchase currency is USD and the sell currency MXN.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xlink:label="ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xlink:title="ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember">Foreign exchange contract, purchase currency EUR, sell currency USD [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember to label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember_1">Represents a foreign exchange contract where the purchase currency is EUR and the sell currency USD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember to label_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xlink:label="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xlink:title="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember">Foreign exchange contract, purchase currency USD, sell currency EUR [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember_1">Represents a foreign exchange contract where the purchase currency is USD and the sell currency EUR.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xlink:label="ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xlink:title="ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember">Foreign exchange contract, purchase currency JPY, sell currency USD [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember to label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember_1">Represents a foreign exchange contract where the purchase currency is JPY and the sell currency USD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember to label_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xlink:label="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xlink:title="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember">Foreign exchange contract, purchase currency USD, sell currency BRL [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember_1">Represents a foreign exchange contract where the purchase currency is USD and the sell currency BRL.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xlink:label="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xlink:title="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember">Foreign exchange contract, purchase currency USD, sell currency KWD [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember_1">Represents a foreign exchange contract where the purchase currency is USD and the sell currency KWD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" xlink:label="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" xlink:title="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember">Foreign exchange contract, purchase currency USD, sell currency CAD [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember_1">Represents a foreign exchange contract where the purchase currency is USD and the sell currency CAD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xlink:label="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xlink:title="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember">Foreign exchange contract, purchase currency USD, sell currency GPB [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember_1">Represents a foreign exchange contract where the purchase currency is USD and the sell currency GBP.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" xlink:label="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" xlink:title="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember">Foreign exchange contract, purchase currency USD, sell currency CNY [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember_1">Represents a foreign exchange contract where the purchase currency is USD and the sell currency CNY.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember to label_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" xlink:label="ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" xlink:title="ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember">Represents a foreign exchange contract where the purchase currency is BRL and the sell currency USD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember to label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember_1" xml:lang="en-US" id="label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember_1">Foreign exchange contract, purchase currency BRL, sell currency USD [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" xlink:to="label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember_1" xlink:title="Label : ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember to label_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeContractOtherMember" xlink:label="ForeignExchangeContractOtherMember" xlink:title="ForeignExchangeContractOtherMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractOtherMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeContractOtherMember" xml:lang="en-US" id="label_ForeignExchangeContractOtherMember">Foreign exchange contract, Other [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractOtherMember" xlink:to="label_ForeignExchangeContractOtherMember" xlink:title="Label : ForeignExchangeContractOtherMember to label_ForeignExchangeContractOtherMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeContractOtherMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeContractOtherMember_1" xml:lang="en-US" id="label_ForeignExchangeContractOtherMember_1">Represents a foreign exchange contract classified as other.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeContractOtherMember" xlink:to="label_ForeignExchangeContractOtherMember_1" xlink:title="Label : ForeignExchangeContractOtherMember to label_ForeignExchangeContractOtherMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TypesOfHedgesAxis" xlink:label="TypesOfHedgesAxis" xlink:title="TypesOfHedgesAxis" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfHedgesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfHedgesAxis" xml:lang="en-US" id="label_TypesOfHedgesAxis">Types of hedges [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfHedgesAxis" xlink:to="label_TypesOfHedgesAxis" xlink:title="Label : TypesOfHedgesAxis to label_TypesOfHedgesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TypesOfHedgesMember" xlink:label="TypesOfHedgesMember" xlink:title="TypesOfHedgesMember" />
    <link:label xlink:type="resource" xlink:label="label_TypesOfHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TypesOfHedgesMember" xml:lang="en-US" id="label_TypesOfHedgesMember">Hedges [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TypesOfHedgesMember" xlink:to="label_TypesOfHedgesMember" xlink:title="Label : TypesOfHedgesMember to label_TypesOfHedgesMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowHedgesMember" xlink:label="CashFlowHedgesMember" xlink:title="CashFlowHedgesMember" />
    <link:label xlink:type="resource" xlink:label="label_CashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashFlowHedgesMember" xml:lang="en-US" id="label_CashFlowHedgesMember">Cash flow hedges [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashFlowHedgesMember" xlink:to="label_CashFlowHedgesMember" xlink:title="Label : CashFlowHedgesMember to label_CashFlowHedgesMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TermOneMember" xlink:label="TermOneMember" xlink:title="TermOneMember" />
    <link:label xlink:type="resource" xlink:label="label_TermOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TermOneMember" xml:lang="en-US" id="label_TermOneMember">Term, One [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermOneMember" xlink:to="label_TermOneMember" xlink:title="Label : TermOneMember to label_TermOneMember" />
    <link:label xlink:type="resource" xlink:label="label_TermOneMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TermOneMember_1" xml:lang="en-US" id="label_TermOneMember_1">This member stands for a term, one.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermOneMember" xlink:to="label_TermOneMember_1" xlink:title="Label : TermOneMember to label_TermOneMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TermTwoMember" xlink:label="TermTwoMember" xlink:title="TermTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_TermTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TermTwoMember" xml:lang="en-US" id="label_TermTwoMember">Term Two [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermTwoMember" xlink:to="label_TermTwoMember" xlink:title="Label : TermTwoMember to label_TermTwoMember" />
    <link:label xlink:type="resource" xlink:label="label_TermTwoMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TermTwoMember_1" xml:lang="en-US" id="label_TermTwoMember_1">This member stands for a term, two.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermTwoMember" xlink:to="label_TermTwoMember_1" xlink:title="Label : TermTwoMember to label_TermTwoMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" xlink:label="DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" xlink:title="DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" xml:lang="en-US" id="label_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems">Disclosure of detailed information about hedging instruments [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" xlink:to="label_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" xlink:title="Label : DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems to label_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:label="GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:title="GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" />
    <link:label xlink:type="resource" xlink:label="label_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xml:lang="en-US" id="label_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness">Movements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:to="label_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:title="Label : GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness to label_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:label="DisclosureOfContingentLiabilitiesTable" xlink:title="DisclosureOfContingentLiabilitiesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfContingentLiabilitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfContingentLiabilitiesTable" xml:lang="en-US" id="label_DisclosureOfContingentLiabilitiesTable">Disclosure of contingent liabilities [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfContingentLiabilitiesTable" xlink:to="label_DisclosureOfContingentLiabilitiesTable" xlink:title="Label : DisclosureOfContingentLiabilitiesTable to label_DisclosureOfContingentLiabilitiesTable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DalmineSPAMember" xlink:label="DalmineSPAMember" xlink:title="DalmineSPAMember" />
    <link:label xlink:type="resource" xlink:label="label_DalmineSPAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DalmineSPAMember" xml:lang="en-US" id="label_DalmineSPAMember">DALMINE S.p.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DalmineSPAMember" xlink:to="label_DalmineSPAMember" xlink:title="Label : DalmineSPAMember to label_DalmineSPAMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ItemsOfContingentLiabilitiesMember" xlink:to="label_ItemsOfContingentLiabilitiesMember" xlink:title="Label : ItemsOfContingentLiabilitiesMember to label_ItemsOfContingentLiabilitiesMember" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:label="ClassesOfContingentLiabilitiesAxis" xlink:title="ClassesOfContingentLiabilitiesAxis" />
    <link:label xlink:type="resource" xlink:label="label_ClassesOfContingentLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ClassesOfContingentLiabilitiesAxis" xml:lang="en-US" id="label_ClassesOfContingentLiabilitiesAxis">Classes of contingent liabilities [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ClassesOfContingentLiabilitiesAxis" xlink:to="label_ClassesOfContingentLiabilitiesAxis" xlink:title="Label : ClassesOfContingentLiabilitiesAxis to label_ClassesOfContingentLiabilitiesAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ContingentLiabilitiesMember" xlink:label="ContingentLiabilitiesMember" xlink:title="ContingentLiabilitiesMember" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilitiesMember" xml:lang="en-US" id="label_ContingentLiabilitiesMember">Contingent liabilities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilitiesMember" xlink:to="label_ContingentLiabilitiesMember" xlink:title="Label : ContingentLiabilitiesMember to label_ContingentLiabilitiesMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LegalProceedingsContingentLiabilityMember" xlink:label="LegalProceedingsContingentLiabilityMember" xlink:title="LegalProceedingsContingentLiabilityMember" />
    <link:label xlink:type="resource" xlink:label="label_LegalProceedingsContingentLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LegalProceedingsContingentLiabilityMember" xml:lang="en-US" id="label_LegalProceedingsContingentLiabilityMember">Legal proceedings contingent liability [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LegalProceedingsContingentLiabilityMember" xlink:to="label_LegalProceedingsContingentLiabilityMember" xlink:title="Label : LegalProceedingsContingentLiabilityMember to label_LegalProceedingsContingentLiabilityMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ContingentLiabilityForGuaranteesMember" xlink:label="ContingentLiabilityForGuaranteesMember" xlink:title="ContingentLiabilityForGuaranteesMember" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilityForGuaranteesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilityForGuaranteesMember" xml:lang="en-US" id="label_ContingentLiabilityForGuaranteesMember">Contingent liability for guarantees [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilityForGuaranteesMember" xlink:to="label_ContingentLiabilityForGuaranteesMember" xlink:title="Label : ContingentLiabilityForGuaranteesMember to label_ContingentLiabilityForGuaranteesMember" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilityForGuaranteesMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentLiabilityForGuaranteesMember_1" xml:lang="en-US" id="label_ContingentLiabilityForGuaranteesMember_1">Commitments and guarantees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilityForGuaranteesMember" xlink:to="label_ContingentLiabilityForGuaranteesMember_1" xlink:title="Label : ContingentLiabilityForGuaranteesMember to label_ContingentLiabilityForGuaranteesMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TaxContingentLiabilityMember" xlink:label="TaxContingentLiabilityMember" xlink:title="TaxContingentLiabilityMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityMember" xml:lang="en-US" id="label_TaxContingentLiabilityMember">Tax contingent liability [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityMember" xlink:to="label_TaxContingentLiabilityMember" xlink:title="Label : TaxContingentLiabilityMember to label_TaxContingentLiabilityMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYears2014And2015Member" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015Member" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYears2014And2015Member to label_TaxContingentLiabilityRelatedToFiscalYears2014And2015Member" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYears2014And2015Member" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015Member_1" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYears2014And2015Member to label_TaxContingentLiabilityRelatedToFiscalYears2014And2015Member_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015Member_2" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015Member_2">Tax contingent liability related to fiscal years 2014 and 2015 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYears2014And2015Member" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015Member_2" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYears2014And2015Member to label_TaxContingentLiabilityRelatedToFiscalYears2014And2015Member_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember" xlink:label="TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember" xlink:title="TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember">Tax contingent liability related to fiscal years 2014 and 2015, principal [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember to label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember_1" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember_1">This member stands for the information pertaining to principal portion of tax contingent liabilities related to fiscal years 2014 and 2015.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember_2" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember_2">Tax contingent liability related to fiscal years 2014 and 2015, principal [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember_2" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember to label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember" xlink:label="TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember" xlink:title="TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember to label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember_1" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember_1">This member stands for the information pertaining to interest and penalties portion of tax contingent liabilities related to fiscal years 2014 and 2015.</link:label>
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    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember_2" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYears2014And2015PrincipalInterestAndPenaltiesMember_2">Tax contingent liability related to fiscal years 2014 and 2015, principal, interest and penalties [member]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2014Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2014Member" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2014Member">Tax contingent liability related to fiscal year 2014 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2014Member" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2014Member" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2014Member to label_TaxContingentLiabilityRelatedToFiscalYear2014Member" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2014Member_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2014Member_1" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2014Member_1">Represents information about a tax contingent liability related to the 2014 fiscal year.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2014Member" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2014Member_1" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2014Member to label_TaxContingentLiabilityRelatedToFiscalYear2014Member_1" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2014PrincipalMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2014PrincipalMember" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2014PrincipalMember to label_TaxContingentLiabilityRelatedToFiscalYear2014PrincipalMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2014PrincipalMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2014PrincipalMember_1" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2014PrincipalMember_1">This member stands for the portion of a contingent liability, related to the 2014 fiscal year, for taxes attributable to principal.</link:label>
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember" xlink:label="TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember" xlink:title="TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember">Tax contingent liability related to fiscal year 2014, interest and penalties [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember to label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember_1" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember_1">Represents the interest and penalties portion of tax contingent liabilities related to fiscal year 2014.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember_1" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember to label_TaxContingentLiabilityRelatedToFiscalYear2014InterestAndPenaltiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxContingentLiabilityRelatedToFiscalYear2015Member" xlink:label="TaxContingentLiabilityRelatedToFiscalYear2015Member" xlink:title="TaxContingentLiabilityRelatedToFiscalYear2015Member" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2015Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2015Member" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2015Member">Tax contingent liability related to fiscal year 2015 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2015Member" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2015Member" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2015Member to label_TaxContingentLiabilityRelatedToFiscalYear2015Member" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2015Member_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2015Member_1" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2015Member_1">Represents information about a tax contingent liability related to the 2015 fiscal year.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2015Member" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2015Member_1" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2015Member to label_TaxContingentLiabilityRelatedToFiscalYear2015Member_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember" xlink:label="TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember" xlink:title="TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember">Tax contingent liability related to fiscal year 2015, principal [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember to label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember_1" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember_1">This member stands for the portion of a contingent liability, related to the 2015 fiscal year, for taxes attributable to principal.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember_1" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember to label_TaxContingentLiabilityRelatedToFiscalYear2015PrincipalMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" xlink:label="TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" xlink:title="TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember">Tax contingent liability related to fiscal year 2015, interest and penalties [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember to label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" />
    <link:label xlink:type="resource" xlink:label="label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember_1" xml:lang="en-US" id="label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember_1">Represents the interest and penalties portion of tax contingent liabilities related to fiscal year 2015.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" xlink:to="label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember_1" xlink:title="Label : TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember to label_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OctgProductMember" xlink:label="OctgProductMember" xlink:title="OctgProductMember" />
    <link:label xlink:type="resource" xlink:label="label_OctgProductMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OctgProductMember" xml:lang="en-US" id="label_OctgProductMember">OCTG product [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OctgProductMember" xlink:to="label_OctgProductMember" xlink:title="Label : OctgProductMember to label_OctgProductMember" />
    <link:label xlink:type="resource" xlink:label="label_OctgProductMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OctgProductMember_1" xml:lang="en-US" id="label_OctgProductMember_1">This member stands for the information pertaining to "OCTG product".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OctgProductMember" xlink:to="label_OctgProductMember_1" xlink:title="Label : OctgProductMember to label_OctgProductMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OctgProductMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OctgProductMember_2" xml:lang="en-US" id="label_OctgProductMember_2">OCTG product [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OctgProductMember" xlink:to="label_OctgProductMember_2" xlink:title="Label : OctgProductMember to label_OctgProductMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LinePipeProductMember" xlink:label="LinePipeProductMember" xlink:title="LinePipeProductMember" />
    <link:label xlink:type="resource" xlink:label="label_LinePipeProductMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LinePipeProductMember" xml:lang="en-US" id="label_LinePipeProductMember">Steel line pipe product [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LinePipeProductMember" xlink:to="label_LinePipeProductMember" xlink:title="Label : LinePipeProductMember to label_LinePipeProductMember" />
    <link:label xlink:type="resource" xlink:label="label_LinePipeProductMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LinePipeProductMember_1" xml:lang="en-US" id="label_LinePipeProductMember_1">This member stands for the information pertaining to "Steel line pipe product".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LinePipeProductMember" xlink:to="label_LinePipeProductMember_1" xlink:title="Label : LinePipeProductMember to label_LinePipeProductMember_1" />
    <link:label xlink:type="resource" xlink:label="label_LinePipeProductMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LinePipeProductMember_2" xml:lang="en-US" id="label_LinePipeProductMember_2">Steel line pipe product [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LinePipeProductMember" xlink:to="label_LinePipeProductMember_2" xlink:title="Label : LinePipeProductMember to label_LinePipeProductMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_CounterpartyNameAxis" xlink:label="CounterpartyNameAxis" xlink:title="CounterpartyNameAxis" />
    <link:label xlink:type="resource" xlink:label="label_CounterpartyNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CounterpartyNameAxis" xml:lang="en-US" id="label_CounterpartyNameAxis">Counterparty Name [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CounterpartyNameAxis" xlink:to="label_CounterpartyNameAxis" xlink:title="Label : CounterpartyNameAxis to label_CounterpartyNameAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_RepurchaseAgreementCounterpartyNameDomain" xlink:label="RepurchaseAgreementCounterpartyNameDomain" xlink:title="RepurchaseAgreementCounterpartyNameDomain" />
    <link:label xlink:type="resource" xlink:label="label_RepurchaseAgreementCounterpartyNameDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RepurchaseAgreementCounterpartyNameDomain" xml:lang="en-US" id="label_RepurchaseAgreementCounterpartyNameDomain">Counterparty Name [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RepurchaseAgreementCounterpartyNameDomain" xlink:to="label_RepurchaseAgreementCounterpartyNameDomain" xlink:title="Label : RepurchaseAgreementCounterpartyNameDomain to label_RepurchaseAgreementCounterpartyNameDomain" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CompanhiaSiderrgicaNacionalMember" xlink:label="CompanhiaSiderrgicaNacionalMember" xlink:title="CompanhiaSiderrgicaNacionalMember" />
    <link:label xlink:type="resource" xlink:label="label_CompanhiaSiderrgicaNacionalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CompanhiaSiderrgicaNacionalMember" xml:lang="en-US" id="label_CompanhiaSiderrgicaNacionalMember">Companhia Sider&#xFA;rgica Nacional [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompanhiaSiderrgicaNacionalMember" xlink:to="label_CompanhiaSiderrgicaNacionalMember" xlink:title="Label : CompanhiaSiderrgicaNacionalMember to label_CompanhiaSiderrgicaNacionalMember" />
    <link:label xlink:type="resource" xlink:label="label_CompanhiaSiderrgicaNacionalMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CompanhiaSiderrgicaNacionalMember_1" xml:lang="en-US" id="label_CompanhiaSiderrgicaNacionalMember_1">The entity Companhia Sider&#xFA;rgica Nacional.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CompanhiaSiderrgicaNacionalMember" xlink:to="label_CompanhiaSiderrgicaNacionalMember_1" xlink:title="Label : CompanhiaSiderrgicaNacionalMember to label_CompanhiaSiderrgicaNacionalMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TribunalDeContasDaUniaoMember" xlink:label="TribunalDeContasDaUniaoMember" xlink:title="TribunalDeContasDaUniaoMember" />
    <link:label xlink:type="resource" xlink:label="label_TribunalDeContasDaUniaoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TribunalDeContasDaUniaoMember" xml:lang="en-US" id="label_TribunalDeContasDaUniaoMember">Tribunal de Contas da Uniao [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TribunalDeContasDaUniaoMember" xlink:to="label_TribunalDeContasDaUniaoMember" xlink:title="Label : TribunalDeContasDaUniaoMember to label_TribunalDeContasDaUniaoMember" />
    <link:label xlink:type="resource" xlink:label="label_TribunalDeContasDaUniaoMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TribunalDeContasDaUniaoMember_1" xml:lang="en-US" id="label_TribunalDeContasDaUniaoMember_1">Related to the Tribunal de Contas da Uniao.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TribunalDeContasDaUniaoMember" xlink:to="label_TribunalDeContasDaUniaoMember_1" xlink:title="Label : TribunalDeContasDaUniaoMember to label_TribunalDeContasDaUniaoMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TransportadoraDeGasDelNorteSaMember" xlink:label="TransportadoraDeGasDelNorteSaMember" xlink:title="TransportadoraDeGasDelNorteSaMember" />
    <link:label xlink:type="resource" xlink:label="label_TransportadoraDeGasDelNorteSaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TransportadoraDeGasDelNorteSaMember" xml:lang="en-US" id="label_TransportadoraDeGasDelNorteSaMember">Transportadora de Gas del Norte S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportadoraDeGasDelNorteSaMember" xlink:to="label_TransportadoraDeGasDelNorteSaMember" xlink:title="Label : TransportadoraDeGasDelNorteSaMember to label_TransportadoraDeGasDelNorteSaMember" />
    <link:label xlink:type="resource" xlink:label="label_TransportadoraDeGasDelNorteSaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TransportadoraDeGasDelNorteSaMember_1" xml:lang="en-US" id="label_TransportadoraDeGasDelNorteSaMember_1">Refers to information regarding Transportadora de Gas del Norte S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TransportadoraDeGasDelNorteSaMember" xlink:to="label_TransportadoraDeGasDelNorteSaMember_1" xlink:title="Label : TransportadoraDeGasDelNorteSaMember to label_TransportadoraDeGasDelNorteSaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PraxairSAMember" xlink:label="PraxairSAMember" xlink:title="PraxairSAMember" />
    <link:label xlink:type="resource" xlink:label="label_PraxairSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PraxairSAMember" xml:lang="en-US" id="label_PraxairSAMember">Praxair S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PraxairSAMember" xlink:to="label_PraxairSAMember" xlink:title="Label : PraxairSAMember to label_PraxairSAMember" />
    <link:label xlink:type="resource" xlink:label="label_PraxairSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PraxairSAMember_1" xml:lang="en-US" id="label_PraxairSAMember_1">Refers to information regarding the company Praxair S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PraxairSAMember" xlink:to="label_PraxairSAMember_1" xlink:title="Label : PraxairSAMember to label_PraxairSAMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_GraftechMember" xlink:label="GraftechMember" xlink:title="GraftechMember" />
    <link:label xlink:type="resource" xlink:label="label_GraftechMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GraftechMember" xml:lang="en-US" id="label_GraftechMember">Graftech [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GraftechMember" xlink:to="label_GraftechMember" xlink:title="Label : GraftechMember to label_GraftechMember" />
    <link:label xlink:type="resource" xlink:label="label_GraftechMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_GraftechMember_1" xml:lang="en-US" id="label_GraftechMember_1">Refers to information regarding the company Graftech.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GraftechMember" xlink:to="label_GraftechMember_1" xlink:title="Label : GraftechMember to label_GraftechMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ValeInternationalSAMember" xlink:label="ValeInternationalSAMember" xlink:title="ValeInternationalSAMember" />
    <link:label xlink:type="resource" xlink:label="label_ValeInternationalSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ValeInternationalSAMember" xml:lang="en-US" id="label_ValeInternationalSAMember">Vale International S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValeInternationalSAMember" xlink:to="label_ValeInternationalSAMember" xlink:title="Label : ValeInternationalSAMember to label_ValeInternationalSAMember" />
    <link:label xlink:type="resource" xlink:label="label_ValeInternationalSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ValeInternationalSAMember_1" xml:lang="en-US" id="label_ValeInternationalSAMember_1">Related to the entity Vale International S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ValeInternationalSAMember" xlink:to="label_ValeInternationalSAMember_1" xlink:title="Label : ValeInternationalSAMember to label_ValeInternationalSAMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CanadianNationalRailwayMember" xlink:label="CanadianNationalRailwayMember" xlink:title="CanadianNationalRailwayMember" />
    <link:label xlink:type="resource" xlink:label="label_CanadianNationalRailwayMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CanadianNationalRailwayMember" xml:lang="en-US" id="label_CanadianNationalRailwayMember">Canadian National Railway [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CanadianNationalRailwayMember" xlink:to="label_CanadianNationalRailwayMember" xlink:title="Label : CanadianNationalRailwayMember to label_CanadianNationalRailwayMember" />
    <link:label xlink:type="resource" xlink:label="label_CanadianNationalRailwayMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CanadianNationalRailwayMember_1" xml:lang="en-US" id="label_CanadianNationalRailwayMember_1">Related to the Canadian National Railway.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CanadianNationalRailwayMember" xlink:to="label_CanadianNationalRailwayMember_1" xlink:title="Label : CanadianNationalRailwayMember to label_CanadianNationalRailwayMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AirLiquideMexicoSDeRLDeCVMember" xlink:label="AirLiquideMexicoSDeRLDeCVMember" xlink:title="AirLiquideMexicoSDeRLDeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_AirLiquideMexicoSDeRLDeCVMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AirLiquideMexicoSDeRLDeCVMember" xml:lang="en-US" id="label_AirLiquideMexicoSDeRLDeCVMember">Air Liquide Mexico S. de R.L. de C.V. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AirLiquideMexicoSDeRLDeCVMember" xlink:to="label_AirLiquideMexicoSDeRLDeCVMember" xlink:title="Label : AirLiquideMexicoSDeRLDeCVMember to label_AirLiquideMexicoSDeRLDeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_AirLiquideMexicoSDeRLDeCVMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AirLiquideMexicoSDeRLDeCVMember_1" xml:lang="en-US" id="label_AirLiquideMexicoSDeRLDeCVMember_1">Related to a certain entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AirLiquideMexicoSDeRLDeCVMember" xlink:to="label_AirLiquideMexicoSDeRLDeCVMember_1" xlink:title="Label : AirLiquideMexicoSDeRLDeCVMember to label_AirLiquideMexicoSDeRLDeCVMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NucorSteelMemphisIncMember" xlink:label="NucorSteelMemphisIncMember" xlink:title="NucorSteelMemphisIncMember" />
    <link:label xlink:type="resource" xlink:label="label_NucorSteelMemphisIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NucorSteelMemphisIncMember" xml:lang="en-US" id="label_NucorSteelMemphisIncMember">Nucor Steel Memphis Inc. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NucorSteelMemphisIncMember" xlink:to="label_NucorSteelMemphisIncMember" xlink:title="Label : NucorSteelMemphisIncMember to label_NucorSteelMemphisIncMember" />
    <link:label xlink:type="resource" xlink:label="label_NucorSteelMemphisIncMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NucorSteelMemphisIncMember_1" xml:lang="en-US" id="label_NucorSteelMemphisIncMember_1">Represents information related to Nucor Steel Memphis Inc.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NucorSteelMemphisIncMember" xlink:to="label_NucorSteelMemphisIncMember_1" xlink:title="Label : NucorSteelMemphisIncMember to label_NucorSteelMemphisIncMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TerniumMexicoSADeCVMember" xlink:label="TerniumMexicoSADeCVMember" xlink:title="TerniumMexicoSADeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_TerniumMexicoSADeCVMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TerniumMexicoSADeCVMember" xml:lang="en-US" id="label_TerniumMexicoSADeCVMember">Ternium M&#xE9;xico S.A. de C.V. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumMexicoSADeCVMember" xlink:to="label_TerniumMexicoSADeCVMember" xlink:title="Label : TerniumMexicoSADeCVMember to label_TerniumMexicoSADeCVMember" />
    <link:label xlink:type="resource" xlink:label="label_TerniumMexicoSADeCVMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TerniumMexicoSADeCVMember_1" xml:lang="en-US" id="label_TerniumMexicoSADeCVMember_1">This member stands for the information pertaining to "Ternium M&#xE9;xico S.A. de C.V.", a counterparty of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumMexicoSADeCVMember" xlink:to="label_TerniumMexicoSADeCVMember_1" xlink:title="Label : TerniumMexicoSADeCVMember to label_TerniumMexicoSADeCVMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TerniumMexicoSADeCVMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TerniumMexicoSADeCVMember_2" xml:lang="en-US" id="label_TerniumMexicoSADeCVMember_2">Ternium M&#xE9;xico S.A. de C.V. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumMexicoSADeCVMember" xlink:to="label_TerniumMexicoSADeCVMember_2" xlink:title="Label : TerniumMexicoSADeCVMember to label_TerniumMexicoSADeCVMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_VoestalpineGrobblechGmbhMember" xlink:label="VoestalpineGrobblechGmbhMember" xlink:title="VoestalpineGrobblechGmbhMember" />
    <link:label xlink:type="resource" xlink:label="label_VoestalpineGrobblechGmbhMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VoestalpineGrobblechGmbhMember" xml:lang="en-US" id="label_VoestalpineGrobblechGmbhMember">Voestalpine Grobblech GmbH [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VoestalpineGrobblechGmbhMember" xlink:to="label_VoestalpineGrobblechGmbhMember" xlink:title="Label : VoestalpineGrobblechGmbhMember to label_VoestalpineGrobblechGmbhMember" />
    <link:label xlink:type="resource" xlink:label="label_VoestalpineGrobblechGmbhMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VoestalpineGrobblechGmbhMember_1" xml:lang="en-US" id="label_VoestalpineGrobblechGmbhMember_1">This member stands for the information pertaining to "Voestalpine Grobblech GmbH", a counterparty of the reporting entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VoestalpineGrobblechGmbhMember" xlink:to="label_VoestalpineGrobblechGmbhMember_1" xlink:title="Label : VoestalpineGrobblechGmbhMember to label_VoestalpineGrobblechGmbhMember_1" />
    <link:label xlink:type="resource" xlink:label="label_VoestalpineGrobblechGmbhMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VoestalpineGrobblechGmbhMember_2" xml:lang="en-US" id="label_VoestalpineGrobblechGmbhMember_2">Voestalpine Grobblech GmbH [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VoestalpineGrobblechGmbhMember" xlink:to="label_VoestalpineGrobblechGmbhMember_2" xlink:title="Label : VoestalpineGrobblechGmbhMember to label_VoestalpineGrobblechGmbhMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ChubbMember" xlink:label="ChubbMember" xlink:title="ChubbMember" />
    <link:label xlink:type="resource" xlink:label="label_ChubbMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ChubbMember" xml:lang="en-US" id="label_ChubbMember">Chubb [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChubbMember" xlink:to="label_ChubbMember" xlink:title="Label : ChubbMember to label_ChubbMember" />
    <link:label xlink:type="resource" xlink:label="label_ChubbMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ChubbMember_1" xml:lang="en-US" id="label_ChubbMember_1">Related to the entity Chubb.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ChubbMember" xlink:to="label_ChubbMember_1" xlink:title="Label : ChubbMember to label_ChubbMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_VeracelCeluloseSaMember" xlink:label="VeracelCeluloseSaMember" xlink:title="VeracelCeluloseSaMember" />
    <link:label xlink:type="resource" xlink:label="label_VeracelCeluloseSaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VeracelCeluloseSaMember" xml:lang="en-US" id="label_VeracelCeluloseSaMember">Veracel Celulose S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VeracelCeluloseSaMember" xlink:to="label_VeracelCeluloseSaMember" xlink:title="Label : VeracelCeluloseSaMember to label_VeracelCeluloseSaMember" />
    <link:label xlink:type="resource" xlink:label="label_VeracelCeluloseSaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VeracelCeluloseSaMember_1" xml:lang="en-US" id="label_VeracelCeluloseSaMember_1">The entity Veracel Celulose S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VeracelCeluloseSaMember" xlink:to="label_VeracelCeluloseSaMember_1" xlink:title="Label : VeracelCeluloseSaMember to label_VeracelCeluloseSaMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:label="DisclosureOfContingentLiabilitiesLineItems" xlink:title="DisclosureOfContingentLiabilitiesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfContingentLiabilitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfContingentLiabilitiesLineItems" xml:lang="en-US" id="label_DisclosureOfContingentLiabilitiesLineItems">Disclosure of contingent liabilities [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfContingentLiabilitiesLineItems" xlink:to="label_DisclosureOfContingentLiabilitiesLineItems" xlink:title="Label : DisclosureOfContingentLiabilitiesLineItems to label_DisclosureOfContingentLiabilitiesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfContingentLiabilitiesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfContingentLiabilitiesLineItems_1" xml:lang="en-US" id="label_DisclosureOfContingentLiabilitiesLineItems_1">Contingencies, commitments and restrictions on the distribution of profits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfContingentLiabilitiesLineItems" xlink:to="label_DisclosureOfContingentLiabilitiesLineItems_1" xlink:title="Label : DisclosureOfContingentLiabilitiesLineItems to label_DisclosureOfContingentLiabilitiesLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:label="TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:title="TagalongTenderOfferToNoncontrollingInterestsPercentage" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TagalongTenderOfferToNoncontrollingInterestsPercentage" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterestsPercentage">Tag-along tender offer to non-controlling interests, percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:to="label_TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterestsPercentage to label_TagalongTenderOfferToNoncontrollingInterestsPercentage" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterestsPercentage_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TagalongTenderOfferToNoncontrollingInterestsPercentage_1" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterestsPercentage_1">Tagalong tender offer to noncontrolling interests percentage</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:to="label_TagalongTenderOfferToNoncontrollingInterestsPercentage_1" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterestsPercentage to label_TagalongTenderOfferToNoncontrollingInterestsPercentage_1" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterestsPercentage_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TagalongTenderOfferToNoncontrollingInterestsPercentage_2" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterestsPercentage_2">The required Tag-along tender offer to non-controlling interests in an acquisition expressed as a percentage of the price per share paid in such acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterestsPercentage" xlink:to="label_TagalongTenderOfferToNoncontrollingInterestsPercentage_2" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterestsPercentage to label_TagalongTenderOfferToNoncontrollingInterestsPercentage_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TagalongTenderOfferToNoncontrollingInterests" xlink:label="TagalongTenderOfferToNoncontrollingInterests" xlink:title="TagalongTenderOfferToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TagalongTenderOfferToNoncontrollingInterests" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterests">Tagalong tender offer to noncontrolling interests</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterests" xlink:to="label_TagalongTenderOfferToNoncontrollingInterests" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterests to label_TagalongTenderOfferToNoncontrollingInterests" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterests_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TagalongTenderOfferToNoncontrollingInterests_1" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterests_1">Tag-along tender offer to non-controlling interests (in BRL per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterests" xlink:to="label_TagalongTenderOfferToNoncontrollingInterests_1" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterests to label_TagalongTenderOfferToNoncontrollingInterests_1" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterests_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TagalongTenderOfferToNoncontrollingInterests_2" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterests_2">The required tag-along tender offer to non-controlling interests in an acquisition.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterests" xlink:to="label_TagalongTenderOfferToNoncontrollingInterests_2" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterests to label_TagalongTenderOfferToNoncontrollingInterests_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TagalongTenderOfferToNoncontrollingInterestsShares" xlink:label="TagalongTenderOfferToNoncontrollingInterestsShares" xlink:title="TagalongTenderOfferToNoncontrollingInterestsShares" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterestsShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TagalongTenderOfferToNoncontrollingInterestsShares" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterestsShares">Tagalong tender offer to noncontrolling interests shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterestsShares" xlink:to="label_TagalongTenderOfferToNoncontrollingInterestsShares" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterestsShares to label_TagalongTenderOfferToNoncontrollingInterestsShares" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterestsShares_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TagalongTenderOfferToNoncontrollingInterestsShares_1" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterestsShares_1">Tag-along tender offer to non-controlling interests, shares (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterestsShares" xlink:to="label_TagalongTenderOfferToNoncontrollingInterestsShares_1" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterestsShares to label_TagalongTenderOfferToNoncontrollingInterestsShares_1" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterestsShares_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TagalongTenderOfferToNoncontrollingInterestsShares_2" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterestsShares_2">The required tag-along tender offer to non-controlling interests in an acquisition expressed in shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterestsShares" xlink:to="label_TagalongTenderOfferToNoncontrollingInterestsShares_2" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterestsShares to label_TagalongTenderOfferToNoncontrollingInterestsShares_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:label="TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:title="TagalongTenderOfferToNoncontrollingInterestsContingentLiability" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability">Tag-along tender offer to non-controlling interests, contingent liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:to="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterestsContingentLiability to label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_1" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_1">Tagalong tender offer to noncontrolling interests contingent liability</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:to="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_1" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterestsContingentLiability to label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_1" />
    <link:label xlink:type="resource" xlink:label="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_2" xml:lang="en-US" id="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_2">The percentage of the tag-along tender offer to non-controlling interests accounted for as a contingent liability.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TagalongTenderOfferToNoncontrollingInterestsContingentLiability" xlink:to="label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_2" xlink:title="Label : TagalongTenderOfferToNoncontrollingInterestsContingentLiability to label_TagalongTenderOfferToNoncontrollingInterestsContingentLiability_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PaymentsForSettlement" xlink:label="PaymentsForSettlement" xlink:title="PaymentsForSettlement" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForSettlement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PaymentsForSettlement" xml:lang="en-US" id="label_PaymentsForSettlement">The amount of payments made for settlements.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForSettlement" xlink:to="label_PaymentsForSettlement" xlink:title="Label : PaymentsForSettlement to label_PaymentsForSettlement" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForSettlement_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PaymentsForSettlement_1" xml:lang="en-US" id="label_PaymentsForSettlement_1">Payments for settlement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForSettlement" xlink:to="label_PaymentsForSettlement_1" xlink:title="Label : PaymentsForSettlement to label_PaymentsForSettlement_1" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsForSettlement_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsForSettlement_2" xml:lang="en-US" id="label_PaymentsForSettlement_2">Payments for settlement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsForSettlement" xlink:to="label_PaymentsForSettlement_2" xlink:title="Label : PaymentsForSettlement to label_PaymentsForSettlement_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SettlementAmountOrderedToPay" xlink:label="SettlementAmountOrderedToPay" xlink:title="SettlementAmountOrderedToPay" />
    <link:label xlink:type="resource" xlink:label="label_SettlementAmountOrderedToPay" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SettlementAmountOrderedToPay" xml:lang="en-US" id="label_SettlementAmountOrderedToPay">The amount of liability associated with amount ordered to pay in a settlement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SettlementAmountOrderedToPay" xlink:to="label_SettlementAmountOrderedToPay" xlink:title="Label : SettlementAmountOrderedToPay to label_SettlementAmountOrderedToPay" />
    <link:label xlink:type="resource" xlink:label="label_SettlementAmountOrderedToPay_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SettlementAmountOrderedToPay_1" xml:lang="en-US" id="label_SettlementAmountOrderedToPay_1">Settlement, amount ordered to pay</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SettlementAmountOrderedToPay" xlink:to="label_SettlementAmountOrderedToPay_1" xlink:title="Label : SettlementAmountOrderedToPay to label_SettlementAmountOrderedToPay_1" />
    <link:label xlink:type="resource" xlink:label="label_SettlementAmountOrderedToPay_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SettlementAmountOrderedToPay_2" xml:lang="en-US" id="label_SettlementAmountOrderedToPay_2">Settlement amount ordered to pay</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SettlementAmountOrderedToPay" xlink:to="label_SettlementAmountOrderedToPay_2" xlink:title="Label : SettlementAmountOrderedToPay to label_SettlementAmountOrderedToPay_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SettlementAmountOrderedToPayInsuranceDeductible" xlink:label="SettlementAmountOrderedToPayInsuranceDeductible" xlink:title="SettlementAmountOrderedToPayInsuranceDeductible" />
    <link:label xlink:type="resource" xlink:label="label_SettlementAmountOrderedToPayInsuranceDeductible" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SettlementAmountOrderedToPayInsuranceDeductible" xml:lang="en-US" id="label_SettlementAmountOrderedToPayInsuranceDeductible">The amount ordered to pay in a settlement, related to the insurance deductible.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SettlementAmountOrderedToPayInsuranceDeductible" xlink:to="label_SettlementAmountOrderedToPayInsuranceDeductible" xlink:title="Label : SettlementAmountOrderedToPayInsuranceDeductible to label_SettlementAmountOrderedToPayInsuranceDeductible" />
    <link:label xlink:type="resource" xlink:label="label_SettlementAmountOrderedToPayInsuranceDeductible_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SettlementAmountOrderedToPayInsuranceDeductible_1" xml:lang="en-US" id="label_SettlementAmountOrderedToPayInsuranceDeductible_1">Settlement, amount ordered to pay, insurance deductible</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SettlementAmountOrderedToPayInsuranceDeductible" xlink:to="label_SettlementAmountOrderedToPayInsuranceDeductible_1" xlink:title="Label : SettlementAmountOrderedToPayInsuranceDeductible to label_SettlementAmountOrderedToPayInsuranceDeductible_1" />
    <link:label xlink:type="resource" xlink:label="label_SettlementAmountOrderedToPayInsuranceDeductible_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SettlementAmountOrderedToPayInsuranceDeductible_2" xml:lang="en-US" id="label_SettlementAmountOrderedToPayInsuranceDeductible_2">Settlement amount ordered to pay insurance deductible</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SettlementAmountOrderedToPayInsuranceDeductible" xlink:to="label_SettlementAmountOrderedToPayInsuranceDeductible_2" xlink:title="Label : SettlementAmountOrderedToPayInsuranceDeductible to label_SettlementAmountOrderedToPayInsuranceDeductible_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SettlementAmountOrderedToPayDamages" xlink:label="SettlementAmountOrderedToPayDamages" xlink:title="SettlementAmountOrderedToPayDamages" />
    <link:label xlink:type="resource" xlink:label="label_SettlementAmountOrderedToPayDamages" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SettlementAmountOrderedToPayDamages" xml:lang="en-US" id="label_SettlementAmountOrderedToPayDamages">The amount of settlement ordered to be pay, related to damages.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SettlementAmountOrderedToPayDamages" xlink:to="label_SettlementAmountOrderedToPayDamages" xlink:title="Label : SettlementAmountOrderedToPayDamages to label_SettlementAmountOrderedToPayDamages" />
    <link:label xlink:type="resource" xlink:label="label_SettlementAmountOrderedToPayDamages_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SettlementAmountOrderedToPayDamages_1" xml:lang="en-US" id="label_SettlementAmountOrderedToPayDamages_1">Settlement, amount ordered to pay, damages</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SettlementAmountOrderedToPayDamages" xlink:to="label_SettlementAmountOrderedToPayDamages_1" xlink:title="Label : SettlementAmountOrderedToPayDamages to label_SettlementAmountOrderedToPayDamages_1" />
    <link:label xlink:type="resource" xlink:label="label_SettlementAmountOrderedToPayDamages_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SettlementAmountOrderedToPayDamages_2" xml:lang="en-US" id="label_SettlementAmountOrderedToPayDamages_2">Settlement amount ordered to pay damages</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SettlementAmountOrderedToPayDamages" xlink:to="label_SettlementAmountOrderedToPayDamages_2" xlink:title="Label : SettlementAmountOrderedToPayDamages to label_SettlementAmountOrderedToPayDamages_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AllegedOverpriceThatWillBeReducedAmount" xlink:label="AllegedOverpriceThatWillBeReducedAmount" xlink:title="AllegedOverpriceThatWillBeReducedAmount" />
    <link:label xlink:type="resource" xlink:label="label_AllegedOverpriceThatWillBeReducedAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AllegedOverpriceThatWillBeReducedAmount" xml:lang="en-US" id="label_AllegedOverpriceThatWillBeReducedAmount">The reducable amount of alleged price overcharges on goods supplied under a supply contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllegedOverpriceThatWillBeReducedAmount" xlink:to="label_AllegedOverpriceThatWillBeReducedAmount" xlink:title="Label : AllegedOverpriceThatWillBeReducedAmount to label_AllegedOverpriceThatWillBeReducedAmount" />
    <link:label xlink:type="resource" xlink:label="label_AllegedOverpriceThatWillBeReducedAmount_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AllegedOverpriceThatWillBeReducedAmount_1" xml:lang="en-US" id="label_AllegedOverpriceThatWillBeReducedAmount_1">Alleged overprice that will be reduced amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllegedOverpriceThatWillBeReducedAmount" xlink:to="label_AllegedOverpriceThatWillBeReducedAmount_1" xlink:title="Label : AllegedOverpriceThatWillBeReducedAmount to label_AllegedOverpriceThatWillBeReducedAmount_1" />
    <link:label xlink:type="resource" xlink:label="label_AllegedOverpriceThatWillBeReducedAmount_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AllegedOverpriceThatWillBeReducedAmount_2" xml:lang="en-US" id="label_AllegedOverpriceThatWillBeReducedAmount_2">Alleged overprice that will be reduced amount</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllegedOverpriceThatWillBeReducedAmount" xlink:to="label_AllegedOverpriceThatWillBeReducedAmount_2" xlink:title="Label : AllegedOverpriceThatWillBeReducedAmount to label_AllegedOverpriceThatWillBeReducedAmount_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:label="EstimatedFinancialEffectOfContingentLiabilities" xlink:title="EstimatedFinancialEffectOfContingentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedFinancialEffectOfContingentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimatedFinancialEffectOfContingentLiabilities" xml:lang="en-US" id="label_EstimatedFinancialEffectOfContingentLiabilities">ifrs-full_EstimatedFinancialEffectOfContingentLiabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedFinancialEffectOfContingentLiabilities" xlink:to="label_EstimatedFinancialEffectOfContingentLiabilities" xlink:title="Label : EstimatedFinancialEffectOfContingentLiabilities to label_EstimatedFinancialEffectOfContingentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedFinancialEffectOfContingentLiabilities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedFinancialEffectOfContingentLiabilities_1" xml:lang="en-US" id="label_EstimatedFinancialEffectOfContingentLiabilities_1">Estimated financial effect of contingent liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedFinancialEffectOfContingentLiabilities" xlink:to="label_EstimatedFinancialEffectOfContingentLiabilities_1" xlink:title="Label : EstimatedFinancialEffectOfContingentLiabilities to label_EstimatedFinancialEffectOfContingentLiabilities_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FineImposedPercentageOfAllegedlyUndueCredits" xlink:label="FineImposedPercentageOfAllegedlyUndueCredits" xlink:title="FineImposedPercentageOfAllegedlyUndueCredits" />
    <link:label xlink:type="resource" xlink:label="label_FineImposedPercentageOfAllegedlyUndueCredits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FineImposedPercentageOfAllegedlyUndueCredits" xml:lang="en-US" id="label_FineImposedPercentageOfAllegedlyUndueCredits">Represents the amount of fine imposed, expressed as a percentage of the allegedly undue credits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FineImposedPercentageOfAllegedlyUndueCredits" xlink:to="label_FineImposedPercentageOfAllegedlyUndueCredits" xlink:title="Label : FineImposedPercentageOfAllegedlyUndueCredits to label_FineImposedPercentageOfAllegedlyUndueCredits" />
    <link:label xlink:type="resource" xlink:label="label_FineImposedPercentageOfAllegedlyUndueCredits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FineImposedPercentageOfAllegedlyUndueCredits_1" xml:lang="en-US" id="label_FineImposedPercentageOfAllegedlyUndueCredits_1">Fine imposed, percentage of allegedly undue credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FineImposedPercentageOfAllegedlyUndueCredits" xlink:to="label_FineImposedPercentageOfAllegedlyUndueCredits_1" xlink:title="Label : FineImposedPercentageOfAllegedlyUndueCredits to label_FineImposedPercentageOfAllegedlyUndueCredits_1" />
    <link:label xlink:type="resource" xlink:label="label_FineImposedPercentageOfAllegedlyUndueCredits_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FineImposedPercentageOfAllegedlyUndueCredits_2" xml:lang="en-US" id="label_FineImposedPercentageOfAllegedlyUndueCredits_2">Fine imposed percentage of allegedly undue credits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FineImposedPercentageOfAllegedlyUndueCredits" xlink:to="label_FineImposedPercentageOfAllegedlyUndueCredits_2" xlink:title="Label : FineImposedPercentageOfAllegedlyUndueCredits to label_FineImposedPercentageOfAllegedlyUndueCredits_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TermOfSupplyContract" xlink:label="TermOfSupplyContract" xlink:title="TermOfSupplyContract" />
    <link:label xlink:type="resource" xlink:label="label_TermOfSupplyContract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TermOfSupplyContract" xml:lang="en-US" id="label_TermOfSupplyContract">Term of supply contract</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermOfSupplyContract" xlink:to="label_TermOfSupplyContract" xlink:title="Label : TermOfSupplyContract to label_TermOfSupplyContract" />
    <link:label xlink:type="resource" xlink:label="label_TermOfSupplyContract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TermOfSupplyContract_1" xml:lang="en-US" id="label_TermOfSupplyContract_1">Term of supply contract (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermOfSupplyContract" xlink:to="label_TermOfSupplyContract_1" xlink:title="Label : TermOfSupplyContract to label_TermOfSupplyContract_1" />
    <link:label xlink:type="resource" xlink:label="label_TermOfSupplyContract_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TermOfSupplyContract_2" xml:lang="en-US" id="label_TermOfSupplyContract_2">The term of a supply contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermOfSupplyContract" xlink:to="label_TermOfSupplyContract_2" xlink:title="Label : TermOfSupplyContract to label_TermOfSupplyContract_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PurchaseCommitments" xlink:label="PurchaseCommitments" xlink:title="PurchaseCommitments" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseCommitments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseCommitments" xml:lang="en-US" id="label_PurchaseCommitments">Purchase commitments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseCommitments" xlink:to="label_PurchaseCommitments" xlink:title="Label : PurchaseCommitments to label_PurchaseCommitments" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseCommitments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PurchaseCommitments_1" xml:lang="en-US" id="label_PurchaseCommitments_1">Purchase commitments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseCommitments" xlink:to="label_PurchaseCommitments_1" xlink:title="Label : PurchaseCommitments to label_PurchaseCommitments_1" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseCommitments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PurchaseCommitments_2" xml:lang="en-US" id="label_PurchaseCommitments_2">The amount liable for purchase commitments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseCommitments" xlink:to="label_PurchaseCommitments_2" xlink:title="Label : PurchaseCommitments to label_PurchaseCommitments_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PurchaseCommitmentsPercentageToBeMade" xlink:label="PurchaseCommitmentsPercentageToBeMade" xlink:title="PurchaseCommitmentsPercentageToBeMade" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseCommitmentsPercentageToBeMade" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PurchaseCommitmentsPercentageToBeMade" xml:lang="en-US" id="label_PurchaseCommitmentsPercentageToBeMade">The percentage of purchase commitments to be made under purchase contract.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseCommitmentsPercentageToBeMade" xlink:to="label_PurchaseCommitmentsPercentageToBeMade" xlink:title="Label : PurchaseCommitmentsPercentageToBeMade to label_PurchaseCommitmentsPercentageToBeMade" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseCommitmentsPercentageToBeMade_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PurchaseCommitmentsPercentageToBeMade_1" xml:lang="en-US" id="label_PurchaseCommitmentsPercentageToBeMade_1">Purchase commitments percentage to be made</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseCommitmentsPercentageToBeMade" xlink:to="label_PurchaseCommitmentsPercentageToBeMade_1" xlink:title="Label : PurchaseCommitmentsPercentageToBeMade to label_PurchaseCommitmentsPercentageToBeMade_1" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseCommitmentsPercentageToBeMade_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseCommitmentsPercentageToBeMade_2" xml:lang="en-US" id="label_PurchaseCommitmentsPercentageToBeMade_2">Purchase commitments percentage to be made</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseCommitmentsPercentageToBeMade" xlink:to="label_PurchaseCommitmentsPercentageToBeMade_2" xlink:title="Label : PurchaseCommitmentsPercentageToBeMade to label_PurchaseCommitmentsPercentageToBeMade_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProportionOfPowerGenerationCapacity" xlink:label="ProportionOfPowerGenerationCapacity" xlink:title="ProportionOfPowerGenerationCapacity" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfPowerGenerationCapacity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfPowerGenerationCapacity" xml:lang="en-US" id="label_ProportionOfPowerGenerationCapacity">Proportion of power generation capacity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfPowerGenerationCapacity" xlink:to="label_ProportionOfPowerGenerationCapacity" xlink:title="Label : ProportionOfPowerGenerationCapacity to label_ProportionOfPowerGenerationCapacity" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfPowerGenerationCapacity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfPowerGenerationCapacity_1" xml:lang="en-US" id="label_ProportionOfPowerGenerationCapacity_1">Proportion of power generation capacity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfPowerGenerationCapacity" xlink:to="label_ProportionOfPowerGenerationCapacity_1" xlink:title="Label : ProportionOfPowerGenerationCapacity to label_ProportionOfPowerGenerationCapacity_1" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfPowerGenerationCapacity_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProportionOfPowerGenerationCapacity_2" xml:lang="en-US" id="label_ProportionOfPowerGenerationCapacity_2">Represents the proportion of power generation capacity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfPowerGenerationCapacity" xlink:to="label_ProportionOfPowerGenerationCapacity_2" xlink:title="Label : ProportionOfPowerGenerationCapacity to label_ProportionOfPowerGenerationCapacity_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentOfAnnualIronOreNeedsSupplied" xlink:label="PercentOfAnnualIronOreNeedsSupplied" xlink:title="PercentOfAnnualIronOreNeedsSupplied" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfAnnualIronOreNeedsSupplied" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentOfAnnualIronOreNeedsSupplied" xml:lang="en-US" id="label_PercentOfAnnualIronOreNeedsSupplied">The percent of annual iron ore needs that will be supplied.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfAnnualIronOreNeedsSupplied" xlink:to="label_PercentOfAnnualIronOreNeedsSupplied" xlink:title="Label : PercentOfAnnualIronOreNeedsSupplied to label_PercentOfAnnualIronOreNeedsSupplied" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfAnnualIronOreNeedsSupplied_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentOfAnnualIronOreNeedsSupplied_1" xml:lang="en-US" id="label_PercentOfAnnualIronOreNeedsSupplied_1">Percent of annual iron ore needs supplied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfAnnualIronOreNeedsSupplied" xlink:to="label_PercentOfAnnualIronOreNeedsSupplied_1" xlink:title="Label : PercentOfAnnualIronOreNeedsSupplied to label_PercentOfAnnualIronOreNeedsSupplied_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfAnnualIronOreNeedsSupplied_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentOfAnnualIronOreNeedsSupplied_2" xml:lang="en-US" id="label_PercentOfAnnualIronOreNeedsSupplied_2">Percent of annual iron ore needs supplied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfAnnualIronOreNeedsSupplied" xlink:to="label_PercentOfAnnualIronOreNeedsSupplied_2" xlink:title="Label : PercentOfAnnualIronOreNeedsSupplied to label_PercentOfAnnualIronOreNeedsSupplied_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MaximumNumberOfTonsOfPelletsSuppliedAnnually" xlink:label="MaximumNumberOfTonsOfPelletsSuppliedAnnually" xlink:title="MaximumNumberOfTonsOfPelletsSuppliedAnnually" />
    <link:label xlink:type="resource" xlink:label="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually" xml:lang="en-US" id="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually">The maximum number of metric tons of pellets supplied annually.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumNumberOfTonsOfPelletsSuppliedAnnually" xlink:to="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually" xlink:title="Label : MaximumNumberOfTonsOfPelletsSuppliedAnnually to label_MaximumNumberOfTonsOfPelletsSuppliedAnnually" />
    <link:label xlink:type="resource" xlink:label="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_1" xml:lang="en-US" id="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_1">Maximum number of tons of pellets supplied annually (Metric Ton)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumNumberOfTonsOfPelletsSuppliedAnnually" xlink:to="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_1" xlink:title="Label : MaximumNumberOfTonsOfPelletsSuppliedAnnually to label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_1" />
    <link:label xlink:type="resource" xlink:label="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_2" xml:lang="en-US" id="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_2">Maximum number of tons of pellets supplied annually</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaximumNumberOfTonsOfPelletsSuppliedAnnually" xlink:to="label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_2" xlink:title="Label : MaximumNumberOfTonsOfPelletsSuppliedAnnually to label_MaximumNumberOfTonsOfPelletsSuppliedAnnually_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PerformanceGuaranteesIssued" xlink:label="PerformanceGuaranteesIssued" xlink:title="PerformanceGuaranteesIssued" />
    <link:label xlink:type="resource" xlink:label="label_PerformanceGuaranteesIssued" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PerformanceGuaranteesIssued" xml:lang="en-US" id="label_PerformanceGuaranteesIssued">Represents the amount of performance guarantees issued as of the specified date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PerformanceGuaranteesIssued" xlink:to="label_PerformanceGuaranteesIssued" xlink:title="Label : PerformanceGuaranteesIssued to label_PerformanceGuaranteesIssued" />
    <link:label xlink:type="resource" xlink:label="label_PerformanceGuaranteesIssued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PerformanceGuaranteesIssued_1" xml:lang="en-US" id="label_PerformanceGuaranteesIssued_1">Performance Guarantees Issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PerformanceGuaranteesIssued" xlink:to="label_PerformanceGuaranteesIssued_1" xlink:title="Label : PerformanceGuaranteesIssued to label_PerformanceGuaranteesIssued_1" />
    <link:label xlink:type="resource" xlink:label="label_PerformanceGuaranteesIssued_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PerformanceGuaranteesIssued_2" xml:lang="en-US" id="label_PerformanceGuaranteesIssued_2">Performance guarantees issued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PerformanceGuaranteesIssued" xlink:to="label_PerformanceGuaranteesIssued_2" xlink:title="Label : PerformanceGuaranteesIssued to label_PerformanceGuaranteesIssued_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MasterDistributionAgreementTerm" xlink:label="MasterDistributionAgreementTerm" xlink:title="MasterDistributionAgreementTerm" />
    <link:label xlink:type="resource" xlink:label="label_MasterDistributionAgreementTerm" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MasterDistributionAgreementTerm" xml:lang="en-US" id="label_MasterDistributionAgreementTerm">Master distribution agreement term</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MasterDistributionAgreementTerm" xlink:to="label_MasterDistributionAgreementTerm" xlink:title="Label : MasterDistributionAgreementTerm to label_MasterDistributionAgreementTerm" />
    <link:label xlink:type="resource" xlink:label="label_MasterDistributionAgreementTerm_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MasterDistributionAgreementTerm_1" xml:lang="en-US" id="label_MasterDistributionAgreementTerm_1">Master distribution agreement, term (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MasterDistributionAgreementTerm" xlink:to="label_MasterDistributionAgreementTerm_1" xlink:title="Label : MasterDistributionAgreementTerm to label_MasterDistributionAgreementTerm_1" />
    <link:label xlink:type="resource" xlink:label="label_MasterDistributionAgreementTerm_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MasterDistributionAgreementTerm_2" xml:lang="en-US" id="label_MasterDistributionAgreementTerm_2">Represents the term of a master distribution agreement, wherein the acquirer is the exclusive distributor of products.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MasterDistributionAgreementTerm" xlink:to="label_MasterDistributionAgreementTerm_2" xlink:title="Label : MasterDistributionAgreementTerm to label_MasterDistributionAgreementTerm_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TermOfSupplyContractAvailableExtension" xlink:label="TermOfSupplyContractAvailableExtension" xlink:title="TermOfSupplyContractAvailableExtension" />
    <link:label xlink:type="resource" xlink:label="label_TermOfSupplyContractAvailableExtension" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TermOfSupplyContractAvailableExtension" xml:lang="en-US" id="label_TermOfSupplyContractAvailableExtension">Term of supply contract available extension</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermOfSupplyContractAvailableExtension" xlink:to="label_TermOfSupplyContractAvailableExtension" xlink:title="Label : TermOfSupplyContractAvailableExtension to label_TermOfSupplyContractAvailableExtension" />
    <link:label xlink:type="resource" xlink:label="label_TermOfSupplyContractAvailableExtension_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TermOfSupplyContractAvailableExtension_1" xml:lang="en-US" id="label_TermOfSupplyContractAvailableExtension_1">Term of supply contract, available extension</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermOfSupplyContractAvailableExtension" xlink:to="label_TermOfSupplyContractAvailableExtension_1" xlink:title="Label : TermOfSupplyContractAvailableExtension to label_TermOfSupplyContractAvailableExtension_1" />
    <link:label xlink:type="resource" xlink:label="label_TermOfSupplyContractAvailableExtension_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TermOfSupplyContractAvailableExtension_2" xml:lang="en-US" id="label_TermOfSupplyContractAvailableExtension_2">Represents the term of supply contract, available extension.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TermOfSupplyContractAvailableExtension" xlink:to="label_TermOfSupplyContractAvailableExtension_2" xlink:title="Label : TermOfSupplyContractAvailableExtension to label_TermOfSupplyContractAvailableExtension_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PenaltiesImposed" xlink:label="PenaltiesImposed" xlink:title="PenaltiesImposed" />
    <link:label xlink:type="resource" xlink:label="label_PenaltiesImposed" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PenaltiesImposed" xml:lang="en-US" id="label_PenaltiesImposed">The amount of expenses arising from penalties imposed.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PenaltiesImposed" xlink:to="label_PenaltiesImposed" xlink:title="Label : PenaltiesImposed to label_PenaltiesImposed" />
    <link:label xlink:type="resource" xlink:label="label_PenaltiesImposed_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PenaltiesImposed_1" xml:lang="en-US" id="label_PenaltiesImposed_1">Penalties imposed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PenaltiesImposed" xlink:to="label_PenaltiesImposed_1" xlink:title="Label : PenaltiesImposed to label_PenaltiesImposed_1" />
    <link:label xlink:type="resource" xlink:label="label_PenaltiesImposed_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PenaltiesImposed_2" xml:lang="en-US" id="label_PenaltiesImposed_2">Penalties imposed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PenaltiesImposed" xlink:to="label_PenaltiesImposed_2" xlink:title="Label : PenaltiesImposed to label_PenaltiesImposed_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DumpingRateImposed" xlink:label="DumpingRateImposed" xlink:title="DumpingRateImposed" />
    <link:label xlink:type="resource" xlink:label="label_DumpingRateImposed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DumpingRateImposed" xml:lang="en-US" id="label_DumpingRateImposed">Dumping rate imposed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DumpingRateImposed" xlink:to="label_DumpingRateImposed" xlink:title="Label : DumpingRateImposed to label_DumpingRateImposed" />
    <link:label xlink:type="resource" xlink:label="label_DumpingRateImposed_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DumpingRateImposed_1" xml:lang="en-US" id="label_DumpingRateImposed_1">The percentage of the dumping duty rate imposed.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DumpingRateImposed" xlink:to="label_DumpingRateImposed_1" xlink:title="Label : DumpingRateImposed to label_DumpingRateImposed_1" />
    <link:label xlink:type="resource" xlink:label="label_DumpingRateImposed_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DumpingRateImposed_2" xml:lang="en-US" id="label_DumpingRateImposed_2">Dumping rate imposed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DumpingRateImposed" xlink:to="label_DumpingRateImposed_2" xlink:title="Label : DumpingRateImposed to label_DumpingRateImposed_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" xlink:label="FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" xlink:title="FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" />
    <link:label xlink:type="resource" xlink:label="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" xml:lang="en-US" id="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct">Favourable percentage expected of duties and tariffs on import value of product</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" xlink:to="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" xlink:title="Label : FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct to label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" />
    <link:label xlink:type="resource" xlink:label="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_1" xml:lang="en-US" id="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_1">The favourable percentage expected of duties and tariffs on import value of product under agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" xlink:to="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_1" xlink:title="Label : FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct to label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_1" />
    <link:label xlink:type="resource" xlink:label="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_2" xml:lang="en-US" id="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_2">Favourable percentage expected of duties and tariffs on import value of product</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" xlink:to="label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_2" xlink:title="Label : FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct to label_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_RenewableTermOfSupplyContract" xlink:label="RenewableTermOfSupplyContract" xlink:title="RenewableTermOfSupplyContract" />
    <link:label xlink:type="resource" xlink:label="label_RenewableTermOfSupplyContract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RenewableTermOfSupplyContract" xml:lang="en-US" id="label_RenewableTermOfSupplyContract">Renewable term of supply contract (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RenewableTermOfSupplyContract" xlink:to="label_RenewableTermOfSupplyContract" xlink:title="Label : RenewableTermOfSupplyContract to label_RenewableTermOfSupplyContract" />
    <link:label xlink:type="resource" xlink:label="label_RenewableTermOfSupplyContract_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RenewableTermOfSupplyContract_1" xml:lang="en-US" id="label_RenewableTermOfSupplyContract_1">The renewable period of a supply contract term.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RenewableTermOfSupplyContract" xlink:to="label_RenewableTermOfSupplyContract_1" xlink:title="Label : RenewableTermOfSupplyContract to label_RenewableTermOfSupplyContract_1" />
    <link:label xlink:type="resource" xlink:label="label_RenewableTermOfSupplyContract_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RenewableTermOfSupplyContract_2" xml:lang="en-US" id="label_RenewableTermOfSupplyContract_2">Renewable term of supply contract</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RenewableTermOfSupplyContract" xlink:to="label_RenewableTermOfSupplyContract_2" xlink:title="Label : RenewableTermOfSupplyContract to label_RenewableTermOfSupplyContract_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AreaOfLand1" xlink:label="AreaOfLand1" xlink:title="AreaOfLand1" />
    <link:label xlink:type="resource" xlink:label="label_AreaOfLand1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AreaOfLand1" xml:lang="en-US" id="label_AreaOfLand1">The area of land held by the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaOfLand1" xlink:to="label_AreaOfLand1" xlink:title="Label : AreaOfLand1 to label_AreaOfLand1" />
    <link:label xlink:type="resource" xlink:label="label_AreaOfLand1_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AreaOfLand1_1" xml:lang="en-US" id="label_AreaOfLand1_1">Area of land (in square meters)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaOfLand1" xlink:to="label_AreaOfLand1_1" xlink:title="Label : AreaOfLand1 to label_AreaOfLand1_1" />
    <link:label xlink:type="resource" xlink:label="label_AreaOfLand1_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AreaOfLand1_2" xml:lang="en-US" id="label_AreaOfLand1_2">Area of land 1</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AreaOfLand1" xlink:to="label_AreaOfLand1_2" xlink:title="Label : AreaOfLand1 to label_AreaOfLand1_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="ProportionOfOwnershipInterestInSubsidiary" xlink:title="ProportionOfOwnershipInterestInSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ProportionOfOwnershipInterestInSubsidiary" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInSubsidiary">Percentage of ownership</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInSubsidiary" xlink:to="label_ProportionOfOwnershipInterestInSubsidiary" xlink:title="Label : ProportionOfOwnershipInterestInSubsidiary to label_ProportionOfOwnershipInterestInSubsidiary" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInSubsidiary_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestInSubsidiary_1" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInSubsidiary_1">Proportion of ownership interest in subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInSubsidiary" xlink:to="label_ProportionOfOwnershipInterestInSubsidiary_1" xlink:title="Label : ProportionOfOwnershipInterestInSubsidiary to label_ProportionOfOwnershipInterestInSubsidiary_1" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInSubsidiary_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfOwnershipInterestInSubsidiary_2" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInSubsidiary_2">Proportion of ownership interest in subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInSubsidiary" xlink:to="label_ProportionOfOwnershipInterestInSubsidiary_2" xlink:title="Label : ProportionOfOwnershipInterestInSubsidiary to label_ProportionOfOwnershipInterestInSubsidiary_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Land" xlink:label="Land" xlink:title="Land" />
    <link:label xlink:type="resource" xlink:label="label_Land" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Land" xml:lang="en-US" id="label_Land">Land plots, carrying value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Land" xlink:to="label_Land" xlink:title="Label : Land to label_Land" />
    <link:label xlink:type="resource" xlink:label="label_Land_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Land_1" xml:lang="en-US" id="label_Land_1">Land</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Land" xlink:to="label_Land_1" xlink:title="Label : Land to label_Land_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentageOfEntitysNetEquity" xlink:label="PercentageOfEntitysNetEquity" xlink:title="PercentageOfEntitysNetEquity" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEntitysNetEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfEntitysNetEquity" xml:lang="en-US" id="label_PercentageOfEntitysNetEquity">Percentage of entitys net equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEntitysNetEquity" xlink:to="label_PercentageOfEntitysNetEquity" xlink:title="Label : PercentageOfEntitysNetEquity to label_PercentageOfEntitysNetEquity" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEntitysNetEquity_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfEntitysNetEquity_1" xml:lang="en-US" id="label_PercentageOfEntitysNetEquity_1">The percentage of the entity's net equity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEntitysNetEquity" xlink:to="label_PercentageOfEntitysNetEquity_1" xlink:title="Label : PercentageOfEntitysNetEquity to label_PercentageOfEntitysNetEquity_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEntitysNetEquity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfEntitysNetEquity_2" xml:lang="en-US" id="label_PercentageOfEntitysNetEquity_2">Percentage of entity's net equity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEntitysNetEquity" xlink:to="label_PercentageOfEntitysNetEquity_2" xlink:title="Label : PercentageOfEntitysNetEquity to label_PercentageOfEntitysNetEquity_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:label="AdjustmentsForDecreaseIncreaseInInventories" xlink:title="AdjustmentsForDecreaseIncreaseInInventories" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncomeTaxAccrualsLessPaymentsAbstract" xlink:label="IncomeTaxAccrualsLessPaymentsAbstract" xlink:title="IncomeTaxAccrualsLessPaymentsAbstract" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SanFaustinSaMember" xlink:label="SanFaustinSaMember" xlink:title="SanFaustinSaMember" />
    <link:label xlink:type="resource" xlink:label="label_SanFaustinSaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SanFaustinSaMember" xml:lang="en-US" id="label_SanFaustinSaMember">San Faustin S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SanFaustinSaMember" xlink:to="label_SanFaustinSaMember" xlink:title="Label : SanFaustinSaMember to label_SanFaustinSaMember" />
    <link:label xlink:type="resource" xlink:label="label_SanFaustinSaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SanFaustinSaMember_1" xml:lang="en-US" id="label_SanFaustinSaMember_1">Represents San Faustin S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SanFaustinSaMember" xlink:to="label_SanFaustinSaMember_1" xlink:title="Label : SanFaustinSaMember to label_SanFaustinSaMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:label="KeyManagementPersonnelOfEntityOrParentMember" xlink:title="KeyManagementPersonnelOfEntityOrParentMember" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelOfEntityOrParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeyManagementPersonnelOfEntityOrParentMember" xml:lang="en-US" id="label_KeyManagementPersonnelOfEntityOrParentMember">Key management personnel of entity or parent [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelOfEntityOrParentMember" xlink:to="label_KeyManagementPersonnelOfEntityOrParentMember" xlink:title="Label : KeyManagementPersonnelOfEntityOrParentMember to label_KeyManagementPersonnelOfEntityOrParentMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:label="DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:title="DisclosureOfTransactionsBetweenRelatedPartiesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xml:lang="en-US" id="label_DisclosureOfTransactionsBetweenRelatedPartiesLineItems">Disclosure of transactions between related parties [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:to="label_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:title="Label : DisclosureOfTransactionsBetweenRelatedPartiesLineItems to label_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentageOfOwnershipInterest" xlink:label="PercentageOfOwnershipInterest" xlink:title="PercentageOfOwnershipInterest" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfOwnershipInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfOwnershipInterest" xml:lang="en-US" id="label_PercentageOfOwnershipInterest">Percentage of the voting interest owned by the reporting entity (directly or indirectly).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfOwnershipInterest" xlink:to="label_PercentageOfOwnershipInterest" xlink:title="Label : PercentageOfOwnershipInterest to label_PercentageOfOwnershipInterest" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfOwnershipInterest_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfOwnershipInterest_1" xml:lang="en-US" id="label_PercentageOfOwnershipInterest_1">Percentage of ownership interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfOwnershipInterest" xlink:to="label_PercentageOfOwnershipInterest_1" xlink:title="Label : PercentageOfOwnershipInterest to label_PercentageOfOwnershipInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfOwnershipInterest_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PercentageOfOwnershipInterest_2" xml:lang="en-US" id="label_PercentageOfOwnershipInterest_2">Proportion of ownership interest in associate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfOwnershipInterest" xlink:to="label_PercentageOfOwnershipInterest_2" xlink:title="Label : PercentageOfOwnershipInterest to label_PercentageOfOwnershipInterest_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:label="KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:title="KeyManagementPersonnelCompensationShorttermEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits">ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:title="Label : KeyManagementPersonnelCompensationShorttermEmployeeBenefits to label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1">Key management personnel compensation, short-term employee benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1" xlink:title="Label : KeyManagementPersonnelCompensationShorttermEmployeeBenefits to label_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UnitsIssuedRelatedPartyTransactions" xlink:label="UnitsIssuedRelatedPartyTransactions" xlink:title="UnitsIssuedRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_UnitsIssuedRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnitsIssuedRelatedPartyTransactions" xml:lang="en-US" id="label_UnitsIssuedRelatedPartyTransactions">The number of units issued in a related party transaction.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitsIssuedRelatedPartyTransactions" xlink:to="label_UnitsIssuedRelatedPartyTransactions" xlink:title="Label : UnitsIssuedRelatedPartyTransactions to label_UnitsIssuedRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_UnitsIssuedRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UnitsIssuedRelatedPartyTransactions_1" xml:lang="en-US" id="label_UnitsIssuedRelatedPartyTransactions_1">Units issued, related party transactions (in shares)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitsIssuedRelatedPartyTransactions" xlink:to="label_UnitsIssuedRelatedPartyTransactions_1" xlink:title="Label : UnitsIssuedRelatedPartyTransactions to label_UnitsIssuedRelatedPartyTransactions_1" />
    <link:label xlink:type="resource" xlink:label="label_UnitsIssuedRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnitsIssuedRelatedPartyTransactions_2" xml:lang="en-US" id="label_UnitsIssuedRelatedPartyTransactions_2">Units issued related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnitsIssuedRelatedPartyTransactions" xlink:to="label_UnitsIssuedRelatedPartyTransactions_2" xlink:title="Label : UnitsIssuedRelatedPartyTransactions to label_UnitsIssuedRelatedPartyTransactions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:label="KeyManagementPersonnelCompensationSharebasedPayment" xlink:title="KeyManagementPersonnelCompensationSharebasedPayment" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KeyManagementPersonnelCompensationSharebasedPayment" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationSharebasedPayment">ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="label_KeyManagementPersonnelCompensationSharebasedPayment" xlink:title="Label : KeyManagementPersonnelCompensationSharebasedPayment to label_KeyManagementPersonnelCompensationSharebasedPayment" />
    <link:label xlink:type="resource" xlink:label="label_KeyManagementPersonnelCompensationSharebasedPayment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_KeyManagementPersonnelCompensationSharebasedPayment_1" xml:lang="en-US" id="label_KeyManagementPersonnelCompensationSharebasedPayment_1">Key management personnel compensation, share-based payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="label_KeyManagementPersonnelCompensationSharebasedPayment_1" xlink:title="Label : KeyManagementPersonnelCompensationSharebasedPayment to label_KeyManagementPersonnelCompensationSharebasedPayment_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AssociatesMember" xlink:label="AssociatesMember" xlink:title="AssociatesMember" />
    <link:label xlink:type="resource" xlink:label="label_AssociatesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AssociatesMember" xml:lang="en-US" id="label_AssociatesMember">Associates [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AssociatesMember" xlink:to="label_AssociatesMember" xlink:title="Label : AssociatesMember to label_AssociatesMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherRelatedPartiesMember" xlink:label="OtherRelatedPartiesMember" xlink:title="OtherRelatedPartiesMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherRelatedPartiesMember" xml:lang="en-US" id="label_OtherRelatedPartiesMember">Other related parties [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherRelatedPartiesMember" xlink:to="label_OtherRelatedPartiesMember" xlink:title="Label : OtherRelatedPartiesMember to label_OtherRelatedPartiesMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:label="RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:title="RevenueFromSaleOfGoodsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RevenueFromSaleOfGoodsRelatedPartyTransactions" xml:lang="en-US" id="label_RevenueFromSaleOfGoodsRelatedPartyTransactions">Sales of goods to related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:to="label_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:title="Label : RevenueFromSaleOfGoodsRelatedPartyTransactions to label_RevenueFromSaleOfGoodsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromSaleOfGoodsRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromSaleOfGoodsRelatedPartyTransactions_1" xml:lang="en-US" id="label_RevenueFromSaleOfGoodsRelatedPartyTransactions_1">ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:to="label_RevenueFromSaleOfGoodsRelatedPartyTransactions_1" xlink:title="Label : RevenueFromSaleOfGoodsRelatedPartyTransactions to label_RevenueFromSaleOfGoodsRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:label="RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:title="RevenueFromRenderingOfServicesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RevenueFromRenderingOfServicesRelatedPartyTransactions" xml:lang="en-US" id="label_RevenueFromRenderingOfServicesRelatedPartyTransactions">Sales of services to related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:to="label_RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:title="Label : RevenueFromRenderingOfServicesRelatedPartyTransactions to label_RevenueFromRenderingOfServicesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RevenueFromRenderingOfServicesRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueFromRenderingOfServicesRelatedPartyTransactions_1" xml:lang="en-US" id="label_RevenueFromRenderingOfServicesRelatedPartyTransactions_1">ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueFromRenderingOfServicesRelatedPartyTransactions" xlink:to="label_RevenueFromRenderingOfServicesRelatedPartyTransactions_1" xlink:title="Label : RevenueFromRenderingOfServicesRelatedPartyTransactions to label_RevenueFromRenderingOfServicesRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_RevenueRelatedPartyTransactions" xlink:label="RevenueRelatedPartyTransactions" xlink:title="RevenueRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RevenueRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_RevenueRelatedPartyTransactions" xml:lang="en-US" id="label_RevenueRelatedPartyTransactions">The amount of revenue arising from related party transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueRelatedPartyTransactions" xlink:to="label_RevenueRelatedPartyTransactions" xlink:title="Label : RevenueRelatedPartyTransactions to label_RevenueRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_RevenueRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RevenueRelatedPartyTransactions_1" xml:lang="en-US" id="label_RevenueRelatedPartyTransactions_1">Revenue related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueRelatedPartyTransactions" xlink:to="label_RevenueRelatedPartyTransactions_1" xlink:title="Label : RevenueRelatedPartyTransactions to label_RevenueRelatedPartyTransactions_1" />
    <link:label xlink:type="resource" xlink:label="label_RevenueRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_RevenueRelatedPartyTransactions_2" xml:lang="en-US" id="label_RevenueRelatedPartyTransactions_2">Revenue, related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RevenueRelatedPartyTransactions" xlink:to="label_RevenueRelatedPartyTransactions_2" xlink:title="Label : RevenueRelatedPartyTransactions to label_RevenueRelatedPartyTransactions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:label="PurchasesOfGoodsRelatedPartyTransactions" xlink:title="PurchasesOfGoodsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesOfGoodsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PurchasesOfGoodsRelatedPartyTransactions" xml:lang="en-US" id="label_PurchasesOfGoodsRelatedPartyTransactions">Purchases of goods to related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesOfGoodsRelatedPartyTransactions" xlink:to="label_PurchasesOfGoodsRelatedPartyTransactions" xlink:title="Label : PurchasesOfGoodsRelatedPartyTransactions to label_PurchasesOfGoodsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesOfGoodsRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchasesOfGoodsRelatedPartyTransactions_1" xml:lang="en-US" id="label_PurchasesOfGoodsRelatedPartyTransactions_1">ifrs-full_PurchasesOfGoodsRelatedPartyTransactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesOfGoodsRelatedPartyTransactions" xlink:to="label_PurchasesOfGoodsRelatedPartyTransactions_1" xlink:title="Label : PurchasesOfGoodsRelatedPartyTransactions to label_PurchasesOfGoodsRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xlink:label="PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xlink:title="PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xml:lang="en-US" id="label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions">Purchases of services to related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xlink:to="label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xlink:title="Label : PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions to label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions_1" xml:lang="en-US" id="label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions_1">ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions" xlink:to="label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions_1" xlink:title="Label : PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions to label_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:label="PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:title="PurchasesOfGoodsAndServicesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions" xml:lang="en-US" id="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions">The amount of purchases of goods and services in related party transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:to="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:title="Label : PurchasesOfGoodsAndServicesRelatedPartyTransactions to label_PurchasesOfGoodsAndServicesRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_1" xml:lang="en-US" id="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_1">Purchases of goods and services related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:to="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_1" xlink:title="Label : PurchasesOfGoodsAndServicesRelatedPartyTransactions to label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_1" />
    <link:label xlink:type="resource" xlink:label="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_2" xml:lang="en-US" id="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_2">Purchases of goods and services, related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchasesOfGoodsAndServicesRelatedPartyTransactions" xlink:to="label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_2" xlink:title="Label : PurchasesOfGoodsAndServicesRelatedPartyTransactions to label_PurchasesOfGoodsAndServicesRelatedPartyTransactions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:label="AmountsReceivableRelatedPartyTransactions" xlink:title="AmountsReceivableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsReceivableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AmountsReceivableRelatedPartyTransactions" xml:lang="en-US" id="label_AmountsReceivableRelatedPartyTransactions">Receivables from non-consolidated parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsReceivableRelatedPartyTransactions" xlink:to="label_AmountsReceivableRelatedPartyTransactions" xlink:title="Label : AmountsReceivableRelatedPartyTransactions to label_AmountsReceivableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsReceivableRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountsReceivableRelatedPartyTransactions_1" xml:lang="en-US" id="label_AmountsReceivableRelatedPartyTransactions_1">ifrs-full_AmountsReceivableRelatedPartyTransactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsReceivableRelatedPartyTransactions" xlink:to="label_AmountsReceivableRelatedPartyTransactions_1" xlink:title="Label : AmountsReceivableRelatedPartyTransactions to label_AmountsReceivableRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:label="AmountsPayableRelatedPartyTransactions" xlink:title="AmountsPayableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsPayableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountsPayableRelatedPartyTransactions" xml:lang="en-US" id="label_AmountsPayableRelatedPartyTransactions">ifrs-full_AmountsPayableRelatedPartyTransactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsPayableRelatedPartyTransactions" xlink:to="label_AmountsPayableRelatedPartyTransactions" xlink:title="Label : AmountsPayableRelatedPartyTransactions to label_AmountsPayableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsPayableRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_AmountsPayableRelatedPartyTransactions_1" xml:lang="en-US" id="label_AmountsPayableRelatedPartyTransactions_1">Payables to non-consolidated parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsPayableRelatedPartyTransactions" xlink:to="label_AmountsPayableRelatedPartyTransactions_1" xlink:title="Label : AmountsPayableRelatedPartyTransactions to label_AmountsPayableRelatedPartyTransactions_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AmountsReceivablePayableRelatedPartyTransactions" xlink:label="AmountsReceivablePayableRelatedPartyTransactions" xlink:title="AmountsReceivablePayableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsReceivablePayableRelatedPartyTransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmountsReceivablePayableRelatedPartyTransactions" xml:lang="en-US" id="label_AmountsReceivablePayableRelatedPartyTransactions">The amounts receivable (payable) resulting from related party transactions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsReceivablePayableRelatedPartyTransactions" xlink:to="label_AmountsReceivablePayableRelatedPartyTransactions" xlink:title="Label : AmountsReceivablePayableRelatedPartyTransactions to label_AmountsReceivablePayableRelatedPartyTransactions" />
    <link:label xlink:type="resource" xlink:label="label_AmountsReceivablePayableRelatedPartyTransactions_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmountsReceivablePayableRelatedPartyTransactions_1" xml:lang="en-US" id="label_AmountsReceivablePayableRelatedPartyTransactions_1">Amounts receivable payable related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsReceivablePayableRelatedPartyTransactions" xlink:to="label_AmountsReceivablePayableRelatedPartyTransactions_1" xlink:title="Label : AmountsReceivablePayableRelatedPartyTransactions to label_AmountsReceivablePayableRelatedPartyTransactions_1" />
    <link:label xlink:type="resource" xlink:label="label_AmountsReceivablePayableRelatedPartyTransactions_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_AmountsReceivablePayableRelatedPartyTransactions_2" xml:lang="en-US" id="label_AmountsReceivablePayableRelatedPartyTransactions_2">Amounts receivable (payable), related party transactions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmountsReceivablePayableRelatedPartyTransactions" xlink:to="label_AmountsReceivablePayableRelatedPartyTransactions_2" xlink:title="Label : AmountsReceivablePayableRelatedPartyTransactions to label_AmountsReceivablePayableRelatedPartyTransactions_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FinanceLeaseLiabilitiesFromNonconsolidatedParties" xlink:label="FinanceLeaseLiabilitiesFromNonconsolidatedParties" xlink:title="FinanceLeaseLiabilitiesFromNonconsolidatedParties" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeaseLiabilitiesFromNonconsolidatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceLeaseLiabilitiesFromNonconsolidatedParties" xml:lang="en-US" id="label_FinanceLeaseLiabilitiesFromNonconsolidatedParties">Finance lease liabilities from non-consolidated parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilitiesFromNonconsolidatedParties" xlink:to="label_FinanceLeaseLiabilitiesFromNonconsolidatedParties" xlink:title="Label : FinanceLeaseLiabilitiesFromNonconsolidatedParties to label_FinanceLeaseLiabilitiesFromNonconsolidatedParties" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeaseLiabilitiesFromNonconsolidatedParties_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinanceLeaseLiabilitiesFromNonconsolidatedParties_1" xml:lang="en-US" id="label_FinanceLeaseLiabilitiesFromNonconsolidatedParties_1">Represents the amount of finance lease liabilities from non-consolidated parties as of the specified date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilitiesFromNonconsolidatedParties" xlink:to="label_FinanceLeaseLiabilitiesFromNonconsolidatedParties_1" xlink:title="Label : FinanceLeaseLiabilitiesFromNonconsolidatedParties to label_FinanceLeaseLiabilitiesFromNonconsolidatedParties_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" xlink:label="FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" xlink:title="FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" xml:lang="en-US" id="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties">Finance lease liabilities from other related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" xlink:to="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" xlink:title="Label : FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties to label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_1" xml:lang="en-US" id="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_1">Finance lease liabilities from other related non-consolidated parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" xlink:to="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_1" xlink:title="Label : FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties to label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_1" />
    <link:label xlink:type="resource" xlink:label="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_2" xml:lang="en-US" id="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_2">Represents the amount of finance lease liabilities from other related parties as of the specified date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" xlink:to="label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_2" xlink:title="Label : FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties to label_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FinancialDebtRelatedParties" xlink:label="FinancialDebtRelatedParties" xlink:title="FinancialDebtRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_FinancialDebtRelatedParties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinancialDebtRelatedParties" xml:lang="en-US" id="label_FinancialDebtRelatedParties">Represents the amount of financial debt with related parties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialDebtRelatedParties" xlink:to="label_FinancialDebtRelatedParties" xlink:title="Label : FinancialDebtRelatedParties to label_FinancialDebtRelatedParties" />
    <link:label xlink:type="resource" xlink:label="label_FinancialDebtRelatedParties_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_FinancialDebtRelatedParties_1" xml:lang="en-US" id="label_FinancialDebtRelatedParties_1">Financial debt, related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialDebtRelatedParties" xlink:to="label_FinancialDebtRelatedParties_1" xlink:title="Label : FinancialDebtRelatedParties to label_FinancialDebtRelatedParties_1" />
    <link:label xlink:type="resource" xlink:label="label_FinancialDebtRelatedParties_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialDebtRelatedParties_2" xml:lang="en-US" id="label_FinancialDebtRelatedParties_2">Financial debt related parties</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialDebtRelatedParties" xlink:to="label_FinancialDebtRelatedParties_2" xlink:title="Label : FinancialDebtRelatedParties to label_FinancialDebtRelatedParties_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AuditorsRemunerationForAuditServices" xlink:label="AuditorsRemunerationForAuditServices" xlink:title="AuditorsRemunerationForAuditServices" />
    <link:label xlink:type="resource" xlink:label="label_AuditorsRemunerationForAuditServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorsRemunerationForAuditServices" xml:lang="en-US" id="label_AuditorsRemunerationForAuditServices">Audit fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemunerationForAuditServices" xlink:to="label_AuditorsRemunerationForAuditServices" xlink:title="Label : AuditorsRemunerationForAuditServices to label_AuditorsRemunerationForAuditServices" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AuditorsRemunerationForAuditrelatedFees" xlink:label="AuditorsRemunerationForAuditrelatedFees" xlink:title="AuditorsRemunerationForAuditrelatedFees" />
    <link:label xlink:type="resource" xlink:label="label_AuditorsRemunerationForAuditrelatedFees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AuditorsRemunerationForAuditrelatedFees" xml:lang="en-US" id="label_AuditorsRemunerationForAuditrelatedFees">The amount of fees paid or payable to the entity's auditors for other audit-related fees.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemunerationForAuditrelatedFees" xlink:to="label_AuditorsRemunerationForAuditrelatedFees" xlink:title="Label : AuditorsRemunerationForAuditrelatedFees to label_AuditorsRemunerationForAuditrelatedFees" />
    <link:label xlink:type="resource" xlink:label="label_AuditorsRemunerationForAuditrelatedFees_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorsRemunerationForAuditrelatedFees_1" xml:lang="en-US" id="label_AuditorsRemunerationForAuditrelatedFees_1">Auditors remuneration for audit related fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemunerationForAuditrelatedFees" xlink:to="label_AuditorsRemunerationForAuditrelatedFees_1" xlink:title="Label : AuditorsRemunerationForAuditrelatedFees to label_AuditorsRemunerationForAuditrelatedFees_1" />
    <link:label xlink:type="resource" xlink:label="label_AuditorsRemunerationForAuditrelatedFees_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AuditorsRemunerationForAuditrelatedFees_2" xml:lang="en-US" id="label_AuditorsRemunerationForAuditrelatedFees_2">Audit-related fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemunerationForAuditrelatedFees" xlink:to="label_AuditorsRemunerationForAuditrelatedFees_2" xlink:title="Label : AuditorsRemunerationForAuditrelatedFees to label_AuditorsRemunerationForAuditrelatedFees_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AuditorsRemunerationForTaxServices" xlink:label="AuditorsRemunerationForTaxServices" xlink:title="AuditorsRemunerationForTaxServices" />
    <link:label xlink:type="resource" xlink:label="label_AuditorsRemunerationForTaxServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorsRemunerationForTaxServices" xml:lang="en-US" id="label_AuditorsRemunerationForTaxServices">Tax fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemunerationForTaxServices" xlink:to="label_AuditorsRemunerationForTaxServices" xlink:title="Label : AuditorsRemunerationForTaxServices to label_AuditorsRemunerationForTaxServices" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AuditorsRemunerationForOtherServices" xlink:label="AuditorsRemunerationForOtherServices" xlink:title="AuditorsRemunerationForOtherServices" />
    <link:label xlink:type="resource" xlink:label="label_AuditorsRemunerationForOtherServices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorsRemunerationForOtherServices" xml:lang="en-US" id="label_AuditorsRemunerationForOtherServices">All other fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemunerationForOtherServices" xlink:to="label_AuditorsRemunerationForOtherServices" xlink:title="Label : AuditorsRemunerationForOtherServices to label_AuditorsRemunerationForOtherServices" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AuditorsRemuneration" xlink:label="AuditorsRemuneration" xlink:title="AuditorsRemuneration" />
    <link:label xlink:type="resource" xlink:label="label_AuditorsRemuneration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AuditorsRemuneration" xml:lang="en-US" id="label_AuditorsRemuneration">ifrs-full_AuditorsRemuneration</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemuneration" xlink:to="label_AuditorsRemuneration" xlink:title="Label : AuditorsRemuneration to label_AuditorsRemuneration" />
    <link:label xlink:type="resource" xlink:label="label_AuditorsRemuneration_1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_AuditorsRemuneration_1" xml:lang="en-US" id="label_AuditorsRemuneration_1">Total</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AuditorsRemuneration" xlink:to="label_AuditorsRemuneration_1" xlink:title="Label : AuditorsRemuneration to label_AuditorsRemuneration_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:label="DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:title="DisclosureOfSignificantInvestmentsInSubsidiariesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInSubsidiariesTable">Disclosure of subsidiaries [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:to="label_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:title="Label : DisclosureOfSignificantInvestmentsInSubsidiariesTable to label_DisclosureOfSignificantInvestmentsInSubsidiariesTable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_HydrilCompanyAndSubsidiariesMember" xlink:label="HydrilCompanyAndSubsidiariesMember" xlink:title="HydrilCompanyAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_HydrilCompanyAndSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HydrilCompanyAndSubsidiariesMember" xml:lang="en-US" id="label_HydrilCompanyAndSubsidiariesMember">HYDRIL COMPANY and subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HydrilCompanyAndSubsidiariesMember" xlink:to="label_HydrilCompanyAndSubsidiariesMember" xlink:title="Label : HydrilCompanyAndSubsidiariesMember to label_HydrilCompanyAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_HydrilCompanyAndSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_HydrilCompanyAndSubsidiariesMember_1" xml:lang="en-US" id="label_HydrilCompanyAndSubsidiariesMember_1">The entity HYDRIL COMPANY and subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HydrilCompanyAndSubsidiariesMember" xlink:to="label_HydrilCompanyAndSubsidiariesMember_1" xlink:title="Label : HydrilCompanyAndSubsidiariesMember to label_HydrilCompanyAndSubsidiariesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TechnicalDrillingProductionServicesNigeriaLtdMember" xlink:label="TechnicalDrillingProductionServicesNigeriaLtdMember" xlink:title="TechnicalDrillingProductionServicesNigeriaLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_TechnicalDrillingProductionServicesNigeriaLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TechnicalDrillingProductionServicesNigeriaLtdMember" xml:lang="en-US" id="label_TechnicalDrillingProductionServicesNigeriaLtdMember">Technical Drilling &amp; Production Services Nigeria. Ltd [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnicalDrillingProductionServicesNigeriaLtdMember" xlink:to="label_TechnicalDrillingProductionServicesNigeriaLtdMember" xlink:title="Label : TechnicalDrillingProductionServicesNigeriaLtdMember to label_TechnicalDrillingProductionServicesNigeriaLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_TechnicalDrillingProductionServicesNigeriaLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TechnicalDrillingProductionServicesNigeriaLtdMember_1" xml:lang="en-US" id="label_TechnicalDrillingProductionServicesNigeriaLtdMember_1">The entity Technical Drilling &amp; Production Services Nigeria. Ltd.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TechnicalDrillingProductionServicesNigeriaLtdMember" xlink:to="label_TechnicalDrillingProductionServicesNigeriaLtdMember_1" xlink:title="Label : TechnicalDrillingProductionServicesNigeriaLtdMember to label_TechnicalDrillingProductionServicesNigeriaLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisSupplyChainSAMember" xlink:label="TenarisSupplyChainSAMember" xlink:title="TenarisSupplyChainSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisSupplyChainSAMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisSupplyChainSAMember" xml:lang="en-US" id="label_TenarisSupplyChainSAMember">Tenaris Supply Chain S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisSupplyChainSAMember" xlink:to="label_TenarisSupplyChainSAMember" xlink:title="Label : TenarisSupplyChainSAMember to label_TenarisSupplyChainSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisSupplyChainSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisSupplyChainSAMember_1" xml:lang="en-US" id="label_TenarisSupplyChainSAMember_1">The entity Tenaris Supply Chain S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisSupplyChainSAMember" xlink:to="label_TenarisSupplyChainSAMember_1" xlink:title="Label : TenarisSupplyChainSAMember to label_TenarisSupplyChainSAMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TubularTechnicalServicesAndPipeCoatersMember" xlink:label="TubularTechnicalServicesAndPipeCoatersMember" xlink:title="TubularTechnicalServicesAndPipeCoatersMember" />
    <link:label xlink:type="resource" xlink:label="label_TubularTechnicalServicesAndPipeCoatersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TubularTechnicalServicesAndPipeCoatersMember" xml:lang="en-US" id="label_TubularTechnicalServicesAndPipeCoatersMember">Tubular Technical Services and Pipe Coaters [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubularTechnicalServicesAndPipeCoatersMember" xlink:to="label_TubularTechnicalServicesAndPipeCoatersMember" xlink:title="Label : TubularTechnicalServicesAndPipeCoatersMember to label_TubularTechnicalServicesAndPipeCoatersMember" />
    <link:label xlink:type="resource" xlink:label="label_TubularTechnicalServicesAndPipeCoatersMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TubularTechnicalServicesAndPipeCoatersMember_1" xml:lang="en-US" id="label_TubularTechnicalServicesAndPipeCoatersMember_1">The entity Tubular Technical Services and Pipe Coaters.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubularTechnicalServicesAndPipeCoatersMember" xlink:to="label_TubularTechnicalServicesAndPipeCoatersMember_1" xlink:title="Label : TubularTechnicalServicesAndPipeCoatersMember to label_TubularTechnicalServicesAndPipeCoatersMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AmajaTubularServicesLimitedMember" xlink:label="AmajaTubularServicesLimitedMember" xlink:title="AmajaTubularServicesLimitedMember" />
    <link:label xlink:type="resource" xlink:label="label_AmajaTubularServicesLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AmajaTubularServicesLimitedMember" xml:lang="en-US" id="label_AmajaTubularServicesLimitedMember">Amaja Tubular Services Limited [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmajaTubularServicesLimitedMember" xlink:to="label_AmajaTubularServicesLimitedMember" xlink:title="Label : AmajaTubularServicesLimitedMember to label_AmajaTubularServicesLimitedMember" />
    <link:label xlink:type="resource" xlink:label="label_AmajaTubularServicesLimitedMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AmajaTubularServicesLimitedMember_1" xml:lang="en-US" id="label_AmajaTubularServicesLimitedMember_1">The entity Amaja Tubular Services Limited.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AmajaTubularServicesLimitedMember" xlink:to="label_AmajaTubularServicesLimitedMember_1" xlink:title="Label : AmajaTubularServicesLimitedMember to label_AmajaTubularServicesLimitedMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TubularServicesAngolaLdaMember" xlink:label="TubularServicesAngolaLdaMember" xlink:title="TubularServicesAngolaLdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TubularServicesAngolaLdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TubularServicesAngolaLdaMember" xml:lang="en-US" id="label_TubularServicesAngolaLdaMember">Tubular Services Angola Lda. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubularServicesAngolaLdaMember" xlink:to="label_TubularServicesAngolaLdaMember" xlink:title="Label : TubularServicesAngolaLdaMember to label_TubularServicesAngolaLdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TubularServicesAngolaLdaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TubularServicesAngolaLdaMember_1" xml:lang="en-US" id="label_TubularServicesAngolaLdaMember_1">Represents information regarding Tubular Services Angola Lda.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubularServicesAngolaLdaMember" xlink:to="label_TubularServicesAngolaLdaMember_1" xlink:title="Label : TubularServicesAngolaLdaMember to label_TubularServicesAngolaLdaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisBaogangBaotouSteelPipesLtdMember" xlink:label="TenarisBaogangBaotouSteelPipesLtdMember" xlink:title="TenarisBaogangBaotouSteelPipesLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisBaogangBaotouSteelPipesLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisBaogangBaotouSteelPipesLtdMember" xml:lang="en-US" id="label_TenarisBaogangBaotouSteelPipesLtdMember">Tenaris Baogang Baotou Steel Pipes Ltd [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisBaogangBaotouSteelPipesLtdMember" xlink:to="label_TenarisBaogangBaotouSteelPipesLtdMember" xlink:title="Label : TenarisBaogangBaotouSteelPipesLtdMember to label_TenarisBaogangBaotouSteelPipesLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisBaogangBaotouSteelPipesLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisBaogangBaotouSteelPipesLtdMember_1" xml:lang="en-US" id="label_TenarisBaogangBaotouSteelPipesLtdMember_1">Represents information regarding Tenaris Baogang Baotou Steel Pipes Ltd.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisBaogangBaotouSteelPipesLtdMember" xlink:to="label_TenarisBaogangBaotouSteelPipesLtdMember_1" xlink:title="Label : TenarisBaogangBaotouSteelPipesLtdMember to label_TenarisBaogangBaotouSteelPipesLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:label="DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:title="DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xml:lang="en-US" id="label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems">Disclosure of subsidiaries [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:to="label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:title="Label : DisclosureOfSignificantInvestmentsInSubsidiariesLineItems to label_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_KZ" xlink:label="KZ" xlink:title="KZ" />
    <link:label xlink:type="resource" xlink:label="label_KZ" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KZ" xml:lang="en-US" id="label_KZ">KAZAKHSTAN</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KZ" xlink:to="label_KZ" xlink:title="Label : KZ to label_KZ" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_PT" xlink:label="PT" xlink:title="PT" />
    <link:label xlink:type="resource" xlink:label="label_PT" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PT" xml:lang="en-US" id="label_PT">PORTUGAL</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PT" xlink:to="label_PT" xlink:title="Label : PT to label_PT" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_NL" xlink:label="NL" xlink:title="NL" />
    <link:label xlink:type="resource" xlink:label="label_NL" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NL" xml:lang="en-US" id="label_NL">NETHERLANDS</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NL" xlink:to="label_NL" xlink:title="Label : NL to label_NL" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_UY" xlink:label="UY" xlink:title="UY" />
    <link:label xlink:type="resource" xlink:label="label_UY" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UY" xml:lang="en-US" id="label_UY">URUGUAY</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UY" xlink:to="label_UY" xlink:title="Label : UY to label_UY" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_GB" xlink:label="GB" xlink:title="GB" />
    <link:label xlink:type="resource" xlink:label="label_GB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GB" xml:lang="en-US" id="label_GB">UNITED KINGDOM</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GB" xlink:to="label_GB" xlink:title="Label : GB to label_GB" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_CH" xlink:label="CH" xlink:title="CH" />
    <link:label xlink:type="resource" xlink:label="label_CH" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CH" xml:lang="en-US" id="label_CH">SWITZERLAND</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CH" xlink:to="label_CH" xlink:title="Label : CH to label_CH" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AlgomaTubesIncMember" xlink:label="AlgomaTubesIncMember" xlink:title="AlgomaTubesIncMember" />
    <link:label xlink:type="resource" xlink:label="label_AlgomaTubesIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AlgomaTubesIncMember" xml:lang="en-US" id="label_AlgomaTubesIncMember">ALGOMA TUBES INC. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlgomaTubesIncMember" xlink:to="label_AlgomaTubesIncMember" xlink:title="Label : AlgomaTubesIncMember to label_AlgomaTubesIncMember" />
    <link:label xlink:type="resource" xlink:label="label_AlgomaTubesIncMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AlgomaTubesIncMember_1" xml:lang="en-US" id="label_AlgomaTubesIncMember_1">The entity ALGOMA TUBES INC.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AlgomaTubesIncMember" xlink:to="label_AlgomaTubesIncMember_1" xlink:title="Label : AlgomaTubesIncMember to label_AlgomaTubesIncMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IPSCOTUBULARSINCAndSubsidiariesMember" xlink:label="IPSCOTUBULARSINCAndSubsidiariesMember" xlink:title="IPSCOTUBULARSINCAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_IPSCOTUBULARSINCAndSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IPSCOTUBULARSINCAndSubsidiariesMember" xml:lang="en-US" id="label_IPSCOTUBULARSINCAndSubsidiariesMember">IPSCO TUBULARS INC. and subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IPSCOTUBULARSINCAndSubsidiariesMember" xlink:to="label_IPSCOTUBULARSINCAndSubsidiariesMember" xlink:title="Label : IPSCOTUBULARSINCAndSubsidiariesMember to label_IPSCOTUBULARSINCAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_IPSCOTUBULARSINCAndSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IPSCOTUBULARSINCAndSubsidiariesMember_1" xml:lang="en-US" id="label_IPSCOTUBULARSINCAndSubsidiariesMember_1">The entity IPSCO TUBULARS INC. and subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IPSCOTUBULARSINCAndSubsidiariesMember" xlink:to="label_IPSCOTUBULARSINCAndSubsidiariesMember_1" xlink:title="Label : IPSCOTUBULARSINCAndSubsidiariesMember to label_IPSCOTUBULARSINCAndSubsidiariesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_KazakhstanPipeThreadersLimitedMember" xlink:label="KazakhstanPipeThreadersLimitedMember" xlink:title="KazakhstanPipeThreadersLimitedMember" />
    <link:label xlink:type="resource" xlink:label="label_KazakhstanPipeThreadersLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_KazakhstanPipeThreadersLimitedMember" xml:lang="en-US" id="label_KazakhstanPipeThreadersLimitedMember">Kazakhstan Pipe Threaders Limited [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KazakhstanPipeThreadersLimitedMember" xlink:to="label_KazakhstanPipeThreadersLimitedMember" xlink:title="Label : KazakhstanPipeThreadersLimitedMember to label_KazakhstanPipeThreadersLimitedMember" />
    <link:label xlink:type="resource" xlink:label="label_KazakhstanPipeThreadersLimitedMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_KazakhstanPipeThreadersLimitedMember_1" xml:lang="en-US" id="label_KazakhstanPipeThreadersLimitedMember_1">Related to Kazakhstan Pipe Threaders Limited.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="KazakhstanPipeThreadersLimitedMember" xlink:to="label_KazakhstanPipeThreadersLimitedMember_1" xlink:title="Label : KazakhstanPipeThreadersLimitedMember to label_KazakhstanPipeThreadersLimitedMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MaverickTubeCorporationAndSubsidiariesMember" xlink:label="MaverickTubeCorporationAndSubsidiariesMember" xlink:title="MaverickTubeCorporationAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_MaverickTubeCorporationAndSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MaverickTubeCorporationAndSubsidiariesMember" xml:lang="en-US" id="label_MaverickTubeCorporationAndSubsidiariesMember">MAVERICK TUBE CORPORATION and subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaverickTubeCorporationAndSubsidiariesMember" xlink:to="label_MaverickTubeCorporationAndSubsidiariesMember" xlink:title="Label : MaverickTubeCorporationAndSubsidiariesMember to label_MaverickTubeCorporationAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_MaverickTubeCorporationAndSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MaverickTubeCorporationAndSubsidiariesMember_1" xml:lang="en-US" id="label_MaverickTubeCorporationAndSubsidiariesMember_1">The entity MAVERICK TUBE CORPORATION and subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MaverickTubeCorporationAndSubsidiariesMember" xlink:to="label_MaverickTubeCorporationAndSubsidiariesMember_1" xlink:title="Label : MaverickTubeCorporationAndSubsidiariesMember to label_MaverickTubeCorporationAndSubsidiariesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PtSeamlessPipeIndonesiaJayaMember" xlink:label="PtSeamlessPipeIndonesiaJayaMember" xlink:title="PtSeamlessPipeIndonesiaJayaMember" />
    <link:label xlink:type="resource" xlink:label="label_PtSeamlessPipeIndonesiaJayaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PtSeamlessPipeIndonesiaJayaMember" xml:lang="en-US" id="label_PtSeamlessPipeIndonesiaJayaMember">PT SEAMLESS PIPE INDONESIA JAYA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PtSeamlessPipeIndonesiaJayaMember" xlink:to="label_PtSeamlessPipeIndonesiaJayaMember" xlink:title="Label : PtSeamlessPipeIndonesiaJayaMember to label_PtSeamlessPipeIndonesiaJayaMember" />
    <link:label xlink:type="resource" xlink:label="label_PtSeamlessPipeIndonesiaJayaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PtSeamlessPipeIndonesiaJayaMember_1" xml:lang="en-US" id="label_PtSeamlessPipeIndonesiaJayaMember_1">The entity PT SEAMLESS PIPE INDONESIA JAYA.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PtSeamlessPipeIndonesiaJayaMember" xlink:to="label_PtSeamlessPipeIndonesiaJayaMember_1" xlink:title="Label : PtSeamlessPipeIndonesiaJayaMember to label_PtSeamlessPipeIndonesiaJayaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PrudentialSteelLtdMember" xlink:label="PrudentialSteelLtdMember" xlink:title="PrudentialSteelLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_PrudentialSteelLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PrudentialSteelLtdMember" xml:lang="en-US" id="label_PrudentialSteelLtdMember">PRUDENTIAL STEEL LTD. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrudentialSteelLtdMember" xlink:to="label_PrudentialSteelLtdMember" xlink:title="Label : PrudentialSteelLtdMember to label_PrudentialSteelLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_PrudentialSteelLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PrudentialSteelLtdMember_1" xml:lang="en-US" id="label_PrudentialSteelLtdMember_1">The entity PRUDENTIAL STEEL LTD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrudentialSteelLtdMember" xlink:to="label_PrudentialSteelLtdMember_1" xlink:title="Label : PrudentialSteelLtdMember to label_PrudentialSteelLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ScSilcotubSaMember" xlink:label="ScSilcotubSaMember" xlink:title="ScSilcotubSaMember" />
    <link:label xlink:type="resource" xlink:label="label_ScSilcotubSaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ScSilcotubSaMember" xml:lang="en-US" id="label_ScSilcotubSaMember">S.C. SILCOTUB S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScSilcotubSaMember" xlink:to="label_ScSilcotubSaMember" xlink:title="Label : ScSilcotubSaMember to label_ScSilcotubSaMember" />
    <link:label xlink:type="resource" xlink:label="label_ScSilcotubSaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ScSilcotubSaMember_1" xml:lang="en-US" id="label_ScSilcotubSaMember_1">The entity S.C. SILCOTUB S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ScSilcotubSaMember" xlink:to="label_ScSilcotubSaMember_1" xlink:title="Label : ScSilcotubSaMember to label_ScSilcotubSaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SiatSociedadAnonimaMember" xlink:label="SiatSociedadAnonimaMember" xlink:title="SiatSociedadAnonimaMember" />
    <link:label xlink:type="resource" xlink:label="label_SiatSociedadAnonimaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SiatSociedadAnonimaMember" xml:lang="en-US" id="label_SiatSociedadAnonimaMember">SIAT SOCIEDAD ANONIMA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SiatSociedadAnonimaMember" xlink:to="label_SiatSociedadAnonimaMember" xlink:title="Label : SiatSociedadAnonimaMember to label_SiatSociedadAnonimaMember" />
    <link:label xlink:type="resource" xlink:label="label_SiatSociedadAnonimaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SiatSociedadAnonimaMember_1" xml:lang="en-US" id="label_SiatSociedadAnonimaMember_1">The entity SIAT SOCIEDAD ANONIMA.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SiatSociedadAnonimaMember" xlink:to="label_SiatSociedadAnonimaMember_1" xlink:title="Label : SiatSociedadAnonimaMember to label_SiatSociedadAnonimaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:label="TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:title="TaltatradingEMarketingSociedadeUnipessoalLdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember" xml:lang="en-US" id="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember">The entity TALTA&#x2014;TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:to="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:title="Label : TaltatradingEMarketingSociedadeUnipessoalLdaMember to label_TaltatradingEMarketingSociedadeUnipessoalLdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_1" xml:lang="en-US" id="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_1">TALTA&#x2014;TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:to="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_1" xlink:title="Label : TaltatradingEMarketingSociedadeUnipessoalLdaMember to label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_2" xml:lang="en-US" id="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_2">TALTA&#x2014;TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaltatradingEMarketingSociedadeUnipessoalLdaMember" xlink:to="label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_2" xlink:title="Label : TaltatradingEMarketingSociedadeUnipessoalLdaMember to label_TaltatradingEMarketingSociedadeUnipessoalLdaMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisConnectionsBvMember" xlink:label="TenarisConnectionsBvMember" xlink:title="TenarisConnectionsBvMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisConnectionsBvMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisConnectionsBvMember" xml:lang="en-US" id="label_TenarisConnectionsBvMember">TENARIS CONNECTIONS BV [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisConnectionsBvMember" xlink:to="label_TenarisConnectionsBvMember" xlink:title="Label : TenarisConnectionsBvMember to label_TenarisConnectionsBvMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisConnectionsBvMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisConnectionsBvMember_1" xml:lang="en-US" id="label_TenarisConnectionsBvMember_1">The entity TENARIS CONNECTIONS BV.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisConnectionsBvMember" xlink:to="label_TenarisConnectionsBvMember_1" xlink:title="Label : TenarisConnectionsBvMember to label_TenarisConnectionsBvMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisFinancialServicesSaMember" xlink:label="TenarisFinancialServicesSaMember" xlink:title="TenarisFinancialServicesSaMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisFinancialServicesSaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisFinancialServicesSaMember" xml:lang="en-US" id="label_TenarisFinancialServicesSaMember">TENARIS FINANCIAL SERVICES S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisFinancialServicesSaMember" xlink:to="label_TenarisFinancialServicesSaMember" xlink:title="Label : TenarisFinancialServicesSaMember to label_TenarisFinancialServicesSaMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisFinancialServicesSaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisFinancialServicesSaMember_1" xml:lang="en-US" id="label_TenarisFinancialServicesSaMember_1">The entity TENARIS FINANCIAL SERVICES S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisFinancialServicesSaMember" xlink:to="label_TenarisFinancialServicesSaMember_1" xlink:title="Label : TenarisFinancialServicesSaMember to label_TenarisFinancialServicesSaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisGlobalServicesCanadaIncMember" xlink:label="TenarisGlobalServicesCanadaIncMember" xlink:title="TenarisGlobalServicesCanadaIncMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisGlobalServicesCanadaIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisGlobalServicesCanadaIncMember" xml:lang="en-US" id="label_TenarisGlobalServicesCanadaIncMember">TENARIS GLOBAL SERVICES (CANADA) INC. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisGlobalServicesCanadaIncMember" xlink:to="label_TenarisGlobalServicesCanadaIncMember" xlink:title="Label : TenarisGlobalServicesCanadaIncMember to label_TenarisGlobalServicesCanadaIncMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisGlobalServicesCanadaIncMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisGlobalServicesCanadaIncMember_1" xml:lang="en-US" id="label_TenarisGlobalServicesCanadaIncMember_1">The entity TENARIS GLOBAL SERVICES (CANADA) INC.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisGlobalServicesCanadaIncMember" xlink:to="label_TenarisGlobalServicesCanadaIncMember_1" xlink:title="Label : TenarisGlobalServicesCanadaIncMember to label_TenarisGlobalServicesCanadaIncMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisGlobalServicesUsaCorporationMember" xlink:label="TenarisGlobalServicesUsaCorporationMember" xlink:title="TenarisGlobalServicesUsaCorporationMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisGlobalServicesUsaCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisGlobalServicesUsaCorporationMember" xml:lang="en-US" id="label_TenarisGlobalServicesUsaCorporationMember">TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisGlobalServicesUsaCorporationMember" xlink:to="label_TenarisGlobalServicesUsaCorporationMember" xlink:title="Label : TenarisGlobalServicesUsaCorporationMember to label_TenarisGlobalServicesUsaCorporationMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisGlobalServicesUsaCorporationMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisGlobalServicesUsaCorporationMember_1" xml:lang="en-US" id="label_TenarisGlobalServicesUsaCorporationMember_1">The entity TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisGlobalServicesUsaCorporationMember" xlink:to="label_TenarisGlobalServicesUsaCorporationMember_1" xlink:title="Label : TenarisGlobalServicesUsaCorporationMember to label_TenarisGlobalServicesUsaCorporationMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisGlobalServicesUkLtdMember" xlink:label="TenarisGlobalServicesUkLtdMember" xlink:title="TenarisGlobalServicesUkLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisGlobalServicesUkLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisGlobalServicesUkLtdMember" xml:lang="en-US" id="label_TenarisGlobalServicesUkLtdMember">TENARIS GLOBAL SERVICES (UK) LTD [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisGlobalServicesUkLtdMember" xlink:to="label_TenarisGlobalServicesUkLtdMember" xlink:title="Label : TenarisGlobalServicesUkLtdMember to label_TenarisGlobalServicesUkLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisGlobalServicesUkLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisGlobalServicesUkLtdMember_1" xml:lang="en-US" id="label_TenarisGlobalServicesUkLtdMember_1">The entity TENARIS GLOBAL SERVICES (UK) LTD.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisGlobalServicesUkLtdMember" xlink:to="label_TenarisGlobalServicesUkLtdMember_1" xlink:title="Label : TenarisGlobalServicesUkLtdMember to label_TenarisGlobalServicesUkLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisGlobalServicesSaAndSubsidiariesMember" xlink:label="TenarisGlobalServicesSaAndSubsidiariesMember" xlink:title="TenarisGlobalServicesSaAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisGlobalServicesSaAndSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisGlobalServicesSaAndSubsidiariesMember" xml:lang="en-US" id="label_TenarisGlobalServicesSaAndSubsidiariesMember">TENARIS GLOBAL SERVICES S.A. and subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisGlobalServicesSaAndSubsidiariesMember" xlink:to="label_TenarisGlobalServicesSaAndSubsidiariesMember" xlink:title="Label : TenarisGlobalServicesSaAndSubsidiariesMember to label_TenarisGlobalServicesSaAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisGlobalServicesSaAndSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisGlobalServicesSaAndSubsidiariesMember_1" xml:lang="en-US" id="label_TenarisGlobalServicesSaAndSubsidiariesMember_1">The entity TENARIS GLOBAL SERVICES S.A. and subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisGlobalServicesSaAndSubsidiariesMember" xlink:to="label_TenarisGlobalServicesSaAndSubsidiariesMember_1" xlink:title="Label : TenarisGlobalServicesSaAndSubsidiariesMember to label_TenarisGlobalServicesSaAndSubsidiariesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisInvestmentsNLBVMember" xlink:label="TenarisInvestmentsNLBVMember" xlink:title="TenarisInvestmentsNLBVMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisInvestmentsNLBVMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisInvestmentsNLBVMember" xml:lang="en-US" id="label_TenarisInvestmentsNLBVMember">Tenaris Investments (NL) B.V. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisInvestmentsNLBVMember" xlink:to="label_TenarisInvestmentsNLBVMember" xlink:title="Label : TenarisInvestmentsNLBVMember to label_TenarisInvestmentsNLBVMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisInvestmentsNLBVMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisInvestmentsNLBVMember_1" xml:lang="en-US" id="label_TenarisInvestmentsNLBVMember_1">Represents information regarding Tenaris Investments (NL) B.V.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisInvestmentsNLBVMember" xlink:to="label_TenarisInvestmentsNLBVMember_1" xlink:title="Label : TenarisInvestmentsNLBVMember to label_TenarisInvestmentsNLBVMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisInvestmentsNLBVAndSubsidiariesMember" xlink:label="TenarisInvestmentsNLBVAndSubsidiariesMember" xlink:title="TenarisInvestmentsNLBVAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisInvestmentsNLBVAndSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisInvestmentsNLBVAndSubsidiariesMember" xml:lang="en-US" id="label_TenarisInvestmentsNLBVAndSubsidiariesMember">TENARIS INVESTMENTS (NL) B.V. and subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisInvestmentsNLBVAndSubsidiariesMember" xlink:to="label_TenarisInvestmentsNLBVAndSubsidiariesMember" xlink:title="Label : TenarisInvestmentsNLBVAndSubsidiariesMember to label_TenarisInvestmentsNLBVAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisInvestmentsNLBVAndSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisInvestmentsNLBVAndSubsidiariesMember_1" xml:lang="en-US" id="label_TenarisInvestmentsNLBVAndSubsidiariesMember_1">The entity TENARIS INVESTMENTS (NL) B.V. and subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisInvestmentsNLBVAndSubsidiariesMember" xlink:to="label_TenarisInvestmentsNLBVAndSubsidiariesMember_1" xlink:title="Label : TenarisInvestmentsNLBVAndSubsidiariesMember to label_TenarisInvestmentsNLBVAndSubsidiariesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisInvestmentsSrlMember" xlink:label="TenarisInvestmentsSrlMember" xlink:title="TenarisInvestmentsSrlMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisInvestmentsSrlMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisInvestmentsSrlMember" xml:lang="en-US" id="label_TenarisInvestmentsSrlMember">TENARIS INVESTMENTS S.&#xE0;r.l. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisInvestmentsSrlMember" xlink:to="label_TenarisInvestmentsSrlMember" xlink:title="Label : TenarisInvestmentsSrlMember to label_TenarisInvestmentsSrlMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisInvestmentsSrlMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisInvestmentsSrlMember_1" xml:lang="en-US" id="label_TenarisInvestmentsSrlMember_1">The entity TENARIS INVESTMENTS S.&#xE0;r.l.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisInvestmentsSrlMember" xlink:to="label_TenarisInvestmentsSrlMember_1" xlink:title="Label : TenarisInvestmentsSrlMember to label_TenarisInvestmentsSrlMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xlink:label="TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xlink:title="TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xml:lang="en-US" id="label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember">TENARIS INVESTMENTS SWITZERLAND AG and subsidiaries [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xlink:to="label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xlink:title="Label : TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember to label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember_1" xml:lang="en-US" id="label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember_1">The entity TENARIS INVESTMENTS SWITZERLAND AG and subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" xlink:to="label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember_1" xlink:title="Label : TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember to label_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisTubocaribeLtdaMember" xlink:label="TenarisTubocaribeLtdaMember" xlink:title="TenarisTubocaribeLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisTubocaribeLtdaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisTubocaribeLtdaMember" xml:lang="en-US" id="label_TenarisTubocaribeLtdaMember">TENARIS TUBOCARIBE LTDA. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisTubocaribeLtdaMember" xlink:to="label_TenarisTubocaribeLtdaMember" xlink:title="Label : TenarisTubocaribeLtdaMember to label_TenarisTubocaribeLtdaMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisTubocaribeLtdaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisTubocaribeLtdaMember_1" xml:lang="en-US" id="label_TenarisTubocaribeLtdaMember_1">The entity TENARIS TUBOCARIBE LTDA.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisTubocaribeLtdaMember" xlink:to="label_TenarisTubocaribeLtdaMember_1" xlink:title="Label : TenarisTubocaribeLtdaMember to label_TenarisTubocaribeLtdaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TubosDeAceroDeMexicoSaMember" xlink:label="TubosDeAceroDeMexicoSaMember" xlink:title="TubosDeAceroDeMexicoSaMember" />
    <link:label xlink:type="resource" xlink:label="label_TubosDeAceroDeMexicoSaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TubosDeAceroDeMexicoSaMember" xml:lang="en-US" id="label_TubosDeAceroDeMexicoSaMember">TUBOS DE ACERO DE MEXICO S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubosDeAceroDeMexicoSaMember" xlink:to="label_TubosDeAceroDeMexicoSaMember" xlink:title="Label : TubosDeAceroDeMexicoSaMember to label_TubosDeAceroDeMexicoSaMember" />
    <link:label xlink:type="resource" xlink:label="label_TubosDeAceroDeMexicoSaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TubosDeAceroDeMexicoSaMember_1" xml:lang="en-US" id="label_TubosDeAceroDeMexicoSaMember_1">The entity TUBOS DE ACERO DE MEXICO S.A.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubosDeAceroDeMexicoSaMember" xlink:to="label_TubosDeAceroDeMexicoSaMember_1" xlink:title="Label : TubosDeAceroDeMexicoSaMember to label_TubosDeAceroDeMexicoSaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesReimbursementExpenses" xlink:label="NationalizationOfSubsidiariesReimbursementExpenses" xlink:title="NationalizationOfSubsidiariesReimbursementExpenses" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesReimbursementExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesReimbursementExpenses" xml:lang="en-US" id="label_NationalizationOfSubsidiariesReimbursementExpenses">The amount of reimbursement expenses associated with the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesReimbursementExpenses" xlink:to="label_NationalizationOfSubsidiariesReimbursementExpenses" xlink:title="Label : NationalizationOfSubsidiariesReimbursementExpenses to label_NationalizationOfSubsidiariesReimbursementExpenses" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesReimbursementExpenses_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesReimbursementExpenses_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesReimbursementExpenses_1">Nationalization of subsidiaries, reimbursement expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesReimbursementExpenses" xlink:to="label_NationalizationOfSubsidiariesReimbursementExpenses_1" xlink:title="Label : NationalizationOfSubsidiariesReimbursementExpenses to label_NationalizationOfSubsidiariesReimbursementExpenses_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:label="PercentageOfVotingEquityInterestsAcquired" xlink:title="PercentageOfVotingEquityInterestsAcquired" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsAcquired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfVotingEquityInterestsAcquired" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsAcquired">ifrs-full_PercentageOfVotingEquityInterestsAcquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsAcquired" xlink:to="label_PercentageOfVotingEquityInterestsAcquired" xlink:title="Label : PercentageOfVotingEquityInterestsAcquired to label_PercentageOfVotingEquityInterestsAcquired" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingEquityInterestsAcquired_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfVotingEquityInterestsAcquired_1" xml:lang="en-US" id="label_PercentageOfVotingEquityInterestsAcquired_1">Percentage of voting equity interests acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingEquityInterestsAcquired" xlink:to="label_PercentageOfVotingEquityInterestsAcquired_1" xlink:title="Label : PercentageOfVotingEquityInterestsAcquired to label_PercentageOfVotingEquityInterestsAcquired_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashTransferred" xlink:label="CashTransferred" xlink:title="CashTransferred" />
    <link:label xlink:type="resource" xlink:label="label_CashTransferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashTransferred" xml:lang="en-US" id="label_CashTransferred">ifrs-full_CashTransferred</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashTransferred" xlink:to="label_CashTransferred" xlink:title="Label : CashTransferred to label_CashTransferred" />
    <link:label xlink:type="resource" xlink:label="label_CashTransferred_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CashTransferred_1" xml:lang="en-US" id="label_CashTransferred_1">Cash transferred</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashTransferred" xlink:to="label_CashTransferred_1" xlink:title="Label : CashTransferred to label_CashTransferred_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:label="AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:title="AcquisitiondateFairValueOfTotalConsiderationTransferred" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AcquisitiondateFairValueOfTotalConsiderationTransferred" xml:lang="en-US" id="label_AcquisitiondateFairValueOfTotalConsiderationTransferred">Consideration transferred, acquisition-date fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="label_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:title="Label : AcquisitiondateFairValueOfTotalConsiderationTransferred to label_AcquisitiondateFairValueOfTotalConsiderationTransferred" />
    <link:label xlink:type="resource" xlink:label="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1" xml:lang="en-US" id="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1">Acquisition price fully paid</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1" xlink:title="Label : AcquisitiondateFairValueOfTotalConsiderationTransferred to label_AcquisitiondateFairValueOfTotalConsiderationTransferred_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:label="GoodwillRecognisedAsOfAcquisitionDate" xlink:title="GoodwillRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GoodwillRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_GoodwillRecognisedAsOfAcquisitionDate">Goodwill recognized</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillRecognisedAsOfAcquisitionDate" xlink:to="label_GoodwillRecognisedAsOfAcquisitionDate" xlink:title="Label : GoodwillRecognisedAsOfAcquisitionDate to label_GoodwillRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_GoodwillRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GoodwillRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_GoodwillRecognisedAsOfAcquisitionDate_1">ifrs-full_GoodwillRecognisedAsOfAcquisitionDate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GoodwillRecognisedAsOfAcquisitionDate" xlink:to="label_GoodwillRecognisedAsOfAcquisitionDate_1" xlink:title="Label : GoodwillRecognisedAsOfAcquisitionDate to label_GoodwillRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ManufacturingCapacitySteelPipes" xlink:label="ManufacturingCapacitySteelPipes" xlink:title="ManufacturingCapacitySteelPipes" />
    <link:label xlink:type="resource" xlink:label="label_ManufacturingCapacitySteelPipes" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ManufacturingCapacitySteelPipes" xml:lang="en-US" id="label_ManufacturingCapacitySteelPipes">The amount of steel pipe manufacturing capacity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManufacturingCapacitySteelPipes" xlink:to="label_ManufacturingCapacitySteelPipes" xlink:title="Label : ManufacturingCapacitySteelPipes to label_ManufacturingCapacitySteelPipes" />
    <link:label xlink:type="resource" xlink:label="label_ManufacturingCapacitySteelPipes_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ManufacturingCapacitySteelPipes_1" xml:lang="en-US" id="label_ManufacturingCapacitySteelPipes_1">Manufacturing capacity, steel pipes (Metric Ton)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManufacturingCapacitySteelPipes" xlink:to="label_ManufacturingCapacitySteelPipes_1" xlink:title="Label : ManufacturingCapacitySteelPipes to label_ManufacturingCapacitySteelPipes_1" />
    <link:label xlink:type="resource" xlink:label="label_ManufacturingCapacitySteelPipes_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ManufacturingCapacitySteelPipes_2" xml:lang="en-US" id="label_ManufacturingCapacitySteelPipes_2">Manufacturing capacity steel pipes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ManufacturingCapacitySteelPipes" xlink:to="label_ManufacturingCapacitySteelPipes_2" xlink:title="Label : ManufacturingCapacitySteelPipes to label_ManufacturingCapacitySteelPipes_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AwardsPurchaseAgreementMember" xlink:label="AwardsPurchaseAgreementMember" xlink:title="AwardsPurchaseAgreementMember" />
    <link:label xlink:type="resource" xlink:label="label_AwardsPurchaseAgreementMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AwardsPurchaseAgreementMember" xml:lang="en-US" id="label_AwardsPurchaseAgreementMember">Awards purchase agreement [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AwardsPurchaseAgreementMember" xlink:to="label_AwardsPurchaseAgreementMember" xlink:title="Label : AwardsPurchaseAgreementMember to label_AwardsPurchaseAgreementMember" />
    <link:label xlink:type="resource" xlink:label="label_AwardsPurchaseAgreementMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AwardsPurchaseAgreementMember_1" xml:lang="en-US" id="label_AwardsPurchaseAgreementMember_1">This member stands for the information pertaining to awards purchase agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AwardsPurchaseAgreementMember" xlink:to="label_AwardsPurchaseAgreementMember_1" xlink:title="Label : AwardsPurchaseAgreementMember to label_AwardsPurchaseAgreementMember_1" />
    <link:label xlink:type="resource" xlink:label="label_AwardsPurchaseAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AwardsPurchaseAgreementMember_2" xml:lang="en-US" id="label_AwardsPurchaseAgreementMember_2">Awards Purchase Agreement [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AwardsPurchaseAgreementMember" xlink:to="label_AwardsPurchaseAgreementMember_2" xlink:title="Label : AwardsPurchaseAgreementMember to label_AwardsPurchaseAgreementMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:label="PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:title="PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate">Property, Plant and Equipment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:to="label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:title="Label : PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate to label_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:title="IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate">Intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:title="Label : IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate to label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1">Intangible assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate to label_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_WorkingCapitalRecognisedAsOfAcquisitionDate" xlink:label="WorkingCapitalRecognisedAsOfAcquisitionDate" xlink:title="WorkingCapitalRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_WorkingCapitalRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WorkingCapitalRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_WorkingCapitalRecognisedAsOfAcquisitionDate">The amount of working capital recognised as of acquisition date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkingCapitalRecognisedAsOfAcquisitionDate" xlink:to="label_WorkingCapitalRecognisedAsOfAcquisitionDate" xlink:title="Label : WorkingCapitalRecognisedAsOfAcquisitionDate to label_WorkingCapitalRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_WorkingCapitalRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WorkingCapitalRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_WorkingCapitalRecognisedAsOfAcquisitionDate_1">Working capital recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkingCapitalRecognisedAsOfAcquisitionDate" xlink:to="label_WorkingCapitalRecognisedAsOfAcquisitionDate_1" xlink:title="Label : WorkingCapitalRecognisedAsOfAcquisitionDate to label_WorkingCapitalRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_WorkingCapitalRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WorkingCapitalRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_WorkingCapitalRecognisedAsOfAcquisitionDate_2">Working capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WorkingCapitalRecognisedAsOfAcquisitionDate" xlink:to="label_WorkingCapitalRecognisedAsOfAcquisitionDate_2" xlink:title="Label : WorkingCapitalRecognisedAsOfAcquisitionDate to label_WorkingCapitalRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:label="CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:title="CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate">Cash and Cash Equivalents</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:to="label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" xlink:title="Label : CashAndCashEquivalentsRecognisedAsOfAcquisitionDate to label_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate" xlink:label="BorrowingsRecognisedAsOfAcquisitionDate" xlink:title="BorrowingsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BorrowingsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_BorrowingsRecognisedAsOfAcquisitionDate">ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsRecognisedAsOfAcquisitionDate" xlink:to="label_BorrowingsRecognisedAsOfAcquisitionDate" xlink:title="Label : BorrowingsRecognisedAsOfAcquisitionDate to label_BorrowingsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_BorrowingsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_BorrowingsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_BorrowingsRecognisedAsOfAcquisitionDate_1">Borrowings</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BorrowingsRecognisedAsOfAcquisitionDate" xlink:to="label_BorrowingsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : BorrowingsRecognisedAsOfAcquisitionDate to label_BorrowingsRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProvisionsRecognisedAsOfAcquisitionDate" xlink:label="ProvisionsRecognisedAsOfAcquisitionDate" xlink:title="ProvisionsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_ProvisionsRecognisedAsOfAcquisitionDate">The amount recognised as of the acquisition date for provisions assumed in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsRecognisedAsOfAcquisitionDate" xlink:to="label_ProvisionsRecognisedAsOfAcquisitionDate" xlink:title="Label : ProvisionsRecognisedAsOfAcquisitionDate to label_ProvisionsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ProvisionsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_ProvisionsRecognisedAsOfAcquisitionDate_1">Provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsRecognisedAsOfAcquisitionDate" xlink:to="label_ProvisionsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : ProvisionsRecognisedAsOfAcquisitionDate to label_ProvisionsRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionsRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionsRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_ProvisionsRecognisedAsOfAcquisitionDate_2">Provisions recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionsRecognisedAsOfAcquisitionDate" xlink:to="label_ProvisionsRecognisedAsOfAcquisitionDate_2" xlink:title="Label : ProvisionsRecognisedAsOfAcquisitionDate to label_ProvisionsRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" xlink:label="OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" xlink:title="OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate">Other assets and liabilities, net</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" xlink:to="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" xlink:title="Label : OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate to label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_1">The amount recognised as of the acquisition date for other assets and liabilities, net acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" xlink:to="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_1" xlink:title="Label : OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate to label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_2">Other assets and liabilities net recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" xlink:to="label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_2" xlink:title="Label : OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate to label_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:label="IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:title="IdentifiableAssetsAcquiredLiabilitiesAssumed" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_IdentifiableAssetsAcquiredLiabilitiesAssumed" xml:lang="en-US" id="label_IdentifiableAssetsAcquiredLiabilitiesAssumed">Net assets acquired</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="label_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:title="Label : IdentifiableAssetsAcquiredLiabilitiesAssumed to label_IdentifiableAssetsAcquiredLiabilitiesAssumed" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1" xml:lang="en-US" id="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1">ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1" xlink:title="Label : IdentifiableAssetsAcquiredLiabilitiesAssumed to label_IdentifiableAssetsAcquiredLiabilitiesAssumed_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_VenezuelanCompaniesMember" xlink:label="VenezuelanCompaniesMember" xlink:title="VenezuelanCompaniesMember" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FederalCourtInDistrictOfColumbiaMember" xlink:to="label_FederalCourtInDistrictOfColumbiaMember" xlink:title="Label : FederalCourtInDistrictOfColumbiaMember to label_FederalCourtInDistrictOfColumbiaMember" />
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    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest_2">Nationalization of subsidiaries compensation award not including pre award interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest_2" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest to label_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest_2" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPreawardInterest" xlink:to="label_NationalizationOfSubsidiariesPreawardInterest" xlink:title="Label : NationalizationOfSubsidiariesPreawardInterest to label_NationalizationOfSubsidiariesPreawardInterest" />
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPreawardInterest" xlink:to="label_NationalizationOfSubsidiariesPreawardInterest_1" xlink:title="Label : NationalizationOfSubsidiariesPreawardInterest to label_NationalizationOfSubsidiariesPreawardInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPreawardInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesPreawardInterest_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPreawardInterest_2">Nationalization of subsidiaries pre award interest</link:label>
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    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees">Nationalization of subsidiaries compensation award including preaward interest and legal fees</link:label>
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    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees_1">Nationalization of subsidiaries, compensation award including pre-award interest and legal fees</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees_1" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees to label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees_1" />
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" xlink:label="NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" xlink:title="NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" xml:lang="en-US" id="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment">The grace period granted from the date of the award to make payment related to compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" xlink:to="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" xlink:title="Label : NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment to label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_1">Nationalization of subsidiaries, grace period granted from date of award to make payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" xlink:to="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_1" xlink:title="Label : NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment to label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_2">Nationalization of subsidiaries grace period granted from date of award to make payment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" xlink:to="label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_2" xlink:title="Label : NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment to label_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesPostawardInterestRate" xlink:label="NationalizationOfSubsidiariesPostawardInterestRate" xlink:title="NationalizationOfSubsidiariesPostawardInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPostawardInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesPostawardInterestRate" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPostawardInterestRate">Nationalization of subsidiaries, post-award interest rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPostawardInterestRate" xlink:to="label_NationalizationOfSubsidiariesPostawardInterestRate" xlink:title="Label : NationalizationOfSubsidiariesPostawardInterestRate to label_NationalizationOfSubsidiariesPostawardInterestRate" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPostawardInterestRate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesPostawardInterestRate_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPostawardInterestRate_1">Nationalization of subsidiaries post award interest rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPostawardInterestRate" xlink:to="label_NationalizationOfSubsidiariesPostawardInterestRate_1" xlink:title="Label : NationalizationOfSubsidiariesPostawardInterestRate to label_NationalizationOfSubsidiariesPostawardInterestRate_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPostawardInterestRate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesPostawardInterestRate_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPostawardInterestRate_2">The rate at which interest will accrue if compensation for the nationalization of subsidiaries is not received by the due date.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPostawardInterestRate" xlink:to="label_NationalizationOfSubsidiariesPostawardInterestRate_2" xlink:title="Label : NationalizationOfSubsidiariesPostawardInterestRate to label_NationalizationOfSubsidiariesPostawardInterestRate_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" xlink:label="NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" xlink:title="NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault">The period of post-award interest from the date of the award to payment in default related to compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" xlink:to="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" xlink:title="Label : NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault to label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_1">Nationalization of subsidiaries, period of post-award interest from date of award to payment in default</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" xlink:to="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_1" xlink:title="Label : NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault to label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_2">Nationalization of subsidiaries period of post award interest from date of award to payment in default</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" xlink:to="label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_2" xlink:title="Label : NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault to label_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:label="NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:title="NationalizationOfSubsidiariesCompensationAwardPostawardInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest">The amount of post-award interest for compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardPostawardInterest to label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_1">Nationalization of subsidiaries, compensation award post-award interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_1" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardPostawardInterest to label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_2">Nationalization of subsidiaries compensation award postaward interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardPostawardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_2" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardPostawardInterest to label_NationalizationOfSubsidiariesCompensationAwardPostawardInterest_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" xlink:label="NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" xlink:title="NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest">The amount awarded, including pre-award interest, as compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest to label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_1">Nationalization of subsidiaries, compensation award including pre-award interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_1" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest to label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_2">Nationalization of subsidiaries compensation award including preaward interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_2" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest to label_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" xlink:label="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" xlink:title="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest">Nationalization of subsidiaries compensation award including principal and post award interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest to label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_1">Nationalization of subsidiaries, compensation award including including principal and post-award interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_1" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest to label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_2">The amount awarded, including principal and post-award interest, as compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_2" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest to label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" xlink:label="NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" xlink:title="NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest">Nationalization of subsidiaries, compensation award post-judgment interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest to label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_1">Nationalization of subsidiaries compensation award post judgment interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_1" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest to label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_2">The amount awarded, including pre-award interest and legal fees, as compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_2" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest to label_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" xlink:label="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" xlink:title="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest">Nationalization of subsidiaries compensation award including principal post award interest and post judgment interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest to label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_1">Nationalization of subsidiaries, compensation award including principal, post-award interest and post-judgment interest</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_1" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest to label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_2">The amount awarded, including pre-award interest and legal fees, as compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" xlink:to="label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_2" xlink:title="Label : NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest to label_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesInterestRateBasisSpread" xlink:label="NationalizationOfSubsidiariesInterestRateBasisSpread" xlink:title="NationalizationOfSubsidiariesInterestRateBasisSpread" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesInterestRateBasisSpread" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesInterestRateBasisSpread" xml:lang="en-US" id="label_NationalizationOfSubsidiariesInterestRateBasisSpread">The basis (reference rate) used for calculation of the interest rate on compensation for the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesInterestRateBasisSpread" xlink:to="label_NationalizationOfSubsidiariesInterestRateBasisSpread" xlink:title="Label : NationalizationOfSubsidiariesInterestRateBasisSpread to label_NationalizationOfSubsidiariesInterestRateBasisSpread" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesInterestRateBasisSpread_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesInterestRateBasisSpread_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesInterestRateBasisSpread_1">Nationalization of subsidiaries, interest rate basis spread</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesInterestRateBasisSpread" xlink:to="label_NationalizationOfSubsidiariesInterestRateBasisSpread_1" xlink:title="Label : NationalizationOfSubsidiariesInterestRateBasisSpread to label_NationalizationOfSubsidiariesInterestRateBasisSpread_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesInterestRateBasisSpread_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesInterestRateBasisSpread_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesInterestRateBasisSpread_2">Nationalization of subsidiaries interest rate basis spread</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesInterestRateBasisSpread" xlink:to="label_NationalizationOfSubsidiariesInterestRateBasisSpread_2" xlink:title="Label : NationalizationOfSubsidiariesInterestRateBasisSpread to label_NationalizationOfSubsidiariesInterestRateBasisSpread_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:label="NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:title="NationalizationOfSubsidiariesBasisSpreadOnVariableRate" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xml:lang="en-US" id="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate">Nationalization of subsidiaries, basis spread on variable rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:to="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:title="Label : NationalizationOfSubsidiariesBasisSpreadOnVariableRate to label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_1">Nationalization of subsidiaries basis spread on variable rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:to="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_1" xlink:title="Label : NationalizationOfSubsidiariesBasisSpreadOnVariableRate to label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_2">Percentage points added to the reference rate to compute the variable rate on the interest receivable associated with the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesBasisSpreadOnVariableRate" xlink:to="label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_2" xlink:title="Label : NationalizationOfSubsidiariesBasisSpreadOnVariableRate to label_NationalizationOfSubsidiariesBasisSpreadOnVariableRate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestReceivable" xlink:label="InterestReceivable" xlink:title="InterestReceivable" />
    <link:label xlink:type="resource" xlink:label="label_InterestReceivable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestReceivable" xml:lang="en-US" id="label_InterestReceivable">ifrs-full_InterestReceivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestReceivable" xlink:to="label_InterestReceivable" xlink:title="Label : InterestReceivable to label_InterestReceivable" />
    <link:label xlink:type="resource" xlink:label="label_InterestReceivable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InterestReceivable_1" xml:lang="en-US" id="label_InterestReceivable_1">Interest receivable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestReceivable" xlink:to="label_InterestReceivable_1" xlink:title="Label : InterestReceivable to label_InterestReceivable_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfJointVenturesTable" xlink:label="DisclosureOfJointVenturesTable" xlink:title="DisclosureOfJointVenturesTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfJointVenturesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfJointVenturesTable" xml:lang="en-US" id="label_DisclosureOfJointVenturesTable">Disclosure of joint ventures [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfJointVenturesTable" xlink:to="label_DisclosureOfJointVenturesTable" xlink:title="Label : DisclosureOfJointVenturesTable to label_DisclosureOfJointVenturesTable" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_WeldedPipePlantInWestSiberiaMember" xlink:label="WeldedPipePlantInWestSiberiaMember" xlink:title="WeldedPipePlantInWestSiberiaMember" />
    <link:label xlink:type="resource" xlink:label="label_WeldedPipePlantInWestSiberiaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WeldedPipePlantInWestSiberiaMember" xml:lang="en-US" id="label_WeldedPipePlantInWestSiberiaMember">Welded pipe plant in West Siberia [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeldedPipePlantInWestSiberiaMember" xlink:to="label_WeldedPipePlantInWestSiberiaMember" xlink:title="Label : WeldedPipePlantInWestSiberiaMember to label_WeldedPipePlantInWestSiberiaMember" />
    <link:label xlink:type="resource" xlink:label="label_WeldedPipePlantInWestSiberiaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WeldedPipePlantInWestSiberiaMember_1" xml:lang="en-US" id="label_WeldedPipePlantInWestSiberiaMember_1">Related to a welded pipe plant in West Siberia.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WeldedPipePlantInWestSiberiaMember" xlink:to="label_WeldedPipePlantInWestSiberiaMember_1" xlink:title="Label : WeldedPipePlantInWestSiberiaMember to label_WeldedPipePlantInWestSiberiaMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_SteelPipePremiumConnectionThreadingPlantInBaotouMember" xlink:label="SteelPipePremiumConnectionThreadingPlantInBaotouMember" xlink:title="SteelPipePremiumConnectionThreadingPlantInBaotouMember" />
    <link:label xlink:type="resource" xlink:label="label_SteelPipePremiumConnectionThreadingPlantInBaotouMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SteelPipePremiumConnectionThreadingPlantInBaotouMember" xml:lang="en-US" id="label_SteelPipePremiumConnectionThreadingPlantInBaotouMember">Steel Pipe Premium Connection Threading Plant in Baotou [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SteelPipePremiumConnectionThreadingPlantInBaotouMember" xlink:to="label_SteelPipePremiumConnectionThreadingPlantInBaotouMember" xlink:title="Label : SteelPipePremiumConnectionThreadingPlantInBaotouMember to label_SteelPipePremiumConnectionThreadingPlantInBaotouMember" />
    <link:label xlink:type="resource" xlink:label="label_SteelPipePremiumConnectionThreadingPlantInBaotouMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SteelPipePremiumConnectionThreadingPlantInBaotouMember_1" xml:lang="en-US" id="label_SteelPipePremiumConnectionThreadingPlantInBaotouMember_1">Related to a steel pipe premium connection threading plant in Baotou.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SteelPipePremiumConnectionThreadingPlantInBaotouMember" xlink:to="label_SteelPipePremiumConnectionThreadingPlantInBaotouMember_1" xlink:title="Label : SteelPipePremiumConnectionThreadingPlantInBaotouMember to label_SteelPipePremiumConnectionThreadingPlantInBaotouMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PAOPSeverstalMember" xlink:label="PAOPSeverstalMember" xlink:title="PAOPSeverstalMember" />
    <link:label xlink:type="resource" xlink:label="label_PAOPSeverstalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PAOPSeverstalMember" xml:lang="en-US" id="label_PAOPSeverstalMember">PAO Severstal [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PAOPSeverstalMember" xlink:to="label_PAOPSeverstalMember" xlink:title="Label : PAOPSeverstalMember to label_PAOPSeverstalMember" />
    <link:label xlink:type="resource" xlink:label="label_PAOPSeverstalMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PAOPSeverstalMember_1" xml:lang="en-US" id="label_PAOPSeverstalMember_1">Related to PAO Severstal.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PAOPSeverstalMember" xlink:to="label_PAOPSeverstalMember_1" xlink:title="Label : PAOPSeverstalMember to label_PAOPSeverstalMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_InnerMongoliaBaotouSteelUnionCompanyLtdMember" xlink:label="InnerMongoliaBaotouSteelUnionCompanyLtdMember" xlink:title="InnerMongoliaBaotouSteelUnionCompanyLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_InnerMongoliaBaotouSteelUnionCompanyLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InnerMongoliaBaotouSteelUnionCompanyLtdMember" xml:lang="en-US" id="label_InnerMongoliaBaotouSteelUnionCompanyLtdMember">Inner Mongolia Baotou Steel Union Company Ltd [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InnerMongoliaBaotouSteelUnionCompanyLtdMember" xlink:to="label_InnerMongoliaBaotouSteelUnionCompanyLtdMember" xlink:title="Label : InnerMongoliaBaotouSteelUnionCompanyLtdMember to label_InnerMongoliaBaotouSteelUnionCompanyLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_InnerMongoliaBaotouSteelUnionCompanyLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InnerMongoliaBaotouSteelUnionCompanyLtdMember_1" xml:lang="en-US" id="label_InnerMongoliaBaotouSteelUnionCompanyLtdMember_1">Related to Inner Mongolia Baotou Steel Union Company Ltd.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InnerMongoliaBaotouSteelUnionCompanyLtdMember" xlink:to="label_InnerMongoliaBaotouSteelUnionCompanyLtdMember_1" xlink:title="Label : InnerMongoliaBaotouSteelUnionCompanyLtdMember to label_InnerMongoliaBaotouSteelUnionCompanyLtdMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_JfeMember" xlink:label="JfeMember" xlink:title="JfeMember" />
    <link:label xlink:type="resource" xlink:label="label_JfeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_JfeMember" xml:lang="en-US" id="label_JfeMember">JFE [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JfeMember" xlink:to="label_JfeMember" xlink:title="Label : JfeMember to label_JfeMember" />
    <link:label xlink:type="resource" xlink:label="label_JfeMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_JfeMember_1" xml:lang="en-US" id="label_JfeMember_1">Represents JFE.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="JfeMember" xlink:to="label_JfeMember_1" xlink:title="Label : JfeMember to label_JfeMember_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfJointVenturesLineItems" xlink:label="DisclosureOfJointVenturesLineItems" xlink:title="DisclosureOfJointVenturesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfJointVenturesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfJointVenturesLineItems" xml:lang="en-US" id="label_DisclosureOfJointVenturesLineItems">Disclosure of joint ventures [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfJointVenturesLineItems" xlink:to="label_DisclosureOfJointVenturesLineItems" xlink:title="Label : DisclosureOfJointVenturesLineItems to label_DisclosureOfJointVenturesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfJointVenturesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfJointVenturesLineItems_1" xml:lang="en-US" id="label_DisclosureOfJointVenturesLineItems_1">Disclosure of joint ventures [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfJointVenturesLineItems" xlink:to="label_DisclosureOfJointVenturesLineItems_1" xlink:title="Label : DisclosureOfJointVenturesLineItems to label_DisclosureOfJointVenturesLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:label="OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:title="OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xml:lang="en-US" id="label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities">ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:to="label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:title="Label : OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities to label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_1" xml:lang="en-US" id="label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_1">Other cash payments to acquire interests in joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:to="label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_1" xlink:title="Label : OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities to label_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentsInJointVentures" xlink:label="InvestmentsInJointVentures" xlink:title="InvestmentsInJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InvestmentsInJointVentures" xml:lang="en-US" id="label_InvestmentsInJointVentures">ifrs-full_InvestmentsInJointVentures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInJointVentures" xlink:to="label_InvestmentsInJointVentures" xlink:title="Label : InvestmentsInJointVentures to label_InvestmentsInJointVentures" />
    <link:label xlink:type="resource" xlink:label="label_InvestmentsInJointVentures_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InvestmentsInJointVentures_1" xml:lang="en-US" id="label_InvestmentsInJointVentures_1">Investments in joint ventures</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentsInJointVentures" xlink:to="label_InvestmentsInJointVentures_1" xlink:title="Label : InvestmentsInJointVentures to label_InvestmentsInJointVentures_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EstimatedInvestmentsInJointVenturesForNextFiscalYear" xlink:label="EstimatedInvestmentsInJointVenturesForNextFiscalYear" xlink:title="EstimatedInvestmentsInJointVenturesForNextFiscalYear" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear" xml:lang="en-US" id="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear">The amount of estimated investments in joint ventures to be completed in next fiscal year.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsInJointVenturesForNextFiscalYear" xlink:to="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear" xlink:title="Label : EstimatedInvestmentsInJointVenturesForNextFiscalYear to label_EstimatedInvestmentsInJointVenturesForNextFiscalYear" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_1" xml:lang="en-US" id="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_1">Estimated investments in joint ventures for next fiscal year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsInJointVenturesForNextFiscalYear" xlink:to="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_1" xlink:title="Label : EstimatedInvestmentsInJointVenturesForNextFiscalYear to label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_1" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_2" xml:lang="en-US" id="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_2">Initial investment which is estimated to be completed during 2022</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsInJointVenturesForNextFiscalYear" xlink:to="label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_2" xlink:title="Label : EstimatedInvestmentsInJointVenturesForNextFiscalYear to label_EstimatedInvestmentsInJointVenturesForNextFiscalYear_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" xlink:label="EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" xlink:title="EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" xml:lang="en-US" id="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear">Annual manufacturing capacity which is estimated in the next fiscal year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" xlink:to="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" xlink:title="Label : EstimatedManufacturingCapacitySteelPipesForNextFiscalYear to label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_1" xml:lang="en-US" id="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_1">Estimated manufacturing capacity steel Pipes for next fiscal year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" xlink:to="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_1" xlink:title="Label : EstimatedManufacturingCapacitySteelPipesForNextFiscalYear to label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_1" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_2" xml:lang="en-US" id="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_2">The number of steel pipe manufacturing capacity estimated in the next fiscal year.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" xlink:to="label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_2" xlink:title="Label : EstimatedManufacturingCapacitySteelPipesForNextFiscalYear to label_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:label="ReserveOfExchangeDifferencesOnTranslation" xlink:title="ReserveOfExchangeDifferencesOnTranslation" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslation" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslation">Reserve of exchange differences on translation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslation" xlink:to="label_ReserveOfExchangeDifferencesOnTranslation" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslation to label_ReserveOfExchangeDifferencesOnTranslation" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslation_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ReserveOfExchangeDifferencesOnTranslation_1" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslation_1">ifrs-full_ReserveOfExchangeDifferencesOnTranslation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslation" xlink:to="label_ReserveOfExchangeDifferencesOnTranslation_1" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslation to label_ReserveOfExchangeDifferencesOnTranslation_1" />
    <link:label xlink:type="resource" xlink:label="label_ReserveOfExchangeDifferencesOnTranslation_2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ReserveOfExchangeDifferencesOnTranslation_2" xml:lang="en-US" id="label_ReserveOfExchangeDifferencesOnTranslation_2">Currency translation adjustment reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReserveOfExchangeDifferencesOnTranslation" xlink:to="label_ReserveOfExchangeDifferencesOnTranslation_2" xlink:title="Label : ReserveOfExchangeDifferencesOnTranslation to label_ReserveOfExchangeDifferencesOnTranslation_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UnusualOrInfrequentItem1Table" xlink:label="UnusualOrInfrequentItem1Table" xlink:title="UnusualOrInfrequentItem1Table" />
    <link:label xlink:type="resource" xlink:label="label_UnusualOrInfrequentItem1Table" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnusualOrInfrequentItem1Table" xml:lang="en-US" id="label_UnusualOrInfrequentItem1Table">Unusual or Infrequent Item 1 [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItem1Table" xlink:to="label_UnusualOrInfrequentItem1Table" xlink:title="Label : UnusualOrInfrequentItem1Table to label_UnusualOrInfrequentItem1Table" />
    <link:label xlink:type="resource" xlink:label="label_UnusualOrInfrequentItem1Table_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnusualOrInfrequentItem1Table_1" xml:lang="en-US" id="label_UnusualOrInfrequentItem1Table_1">Disclosure of information about the nature and financial statement effect of an event or transaction that is unusual in nature or infrequent in occurrence, or both.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItem1Table" xlink:to="label_UnusualOrInfrequentItem1Table_1" xlink:title="Label : UnusualOrInfrequentItem1Table to label_UnusualOrInfrequentItem1Table_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CommoditiesDerivativeContractsHoustonShipChannelGasMember" xlink:label="CommoditiesDerivativeContractsHoustonShipChannelGasMember" xlink:title="CommoditiesDerivativeContractsHoustonShipChannelGasMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember" xml:lang="en-US" id="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember">Commodities derivative contracts, Houston Ship Channel Gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsHoustonShipChannelGasMember" xlink:to="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember" xlink:title="Label : CommoditiesDerivativeContractsHoustonShipChannelGasMember to label_CommoditiesDerivativeContractsHoustonShipChannelGasMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_1" xml:lang="en-US" id="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_1">This member stands for the information pertaining to Houston Ship Channel Gas, commodities derivative contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsHoustonShipChannelGasMember" xlink:to="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_1" xlink:title="Label : CommoditiesDerivativeContractsHoustonShipChannelGasMember to label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_2" xml:lang="en-US" id="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_2">Commodities derivative contracts, Houston Ship Channel Gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsHoustonShipChannelGasMember" xlink:to="label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_2" xlink:title="Label : CommoditiesDerivativeContractsHoustonShipChannelGasMember to label_CommoditiesDerivativeContractsHoustonShipChannelGasMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PurchaseCommodityContractMember" xlink:label="PurchaseCommodityContractMember" xlink:title="PurchaseCommodityContractMember" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseCommodityContractMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PurchaseCommodityContractMember" xml:lang="en-US" id="label_PurchaseCommodityContractMember">Purchase Commodity [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseCommodityContractMember" xlink:to="label_PurchaseCommodityContractMember" xlink:title="Label : PurchaseCommodityContractMember to label_PurchaseCommodityContractMember" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseCommodityContractMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PurchaseCommodityContractMember_1" xml:lang="en-US" id="label_PurchaseCommodityContractMember_1">This member stands for the information pertaining to purchase commodity contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseCommodityContractMember" xlink:to="label_PurchaseCommodityContractMember_1" xlink:title="Label : PurchaseCommodityContractMember to label_PurchaseCommodityContractMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseCommodityContractMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseCommodityContractMember_2" xml:lang="en-US" id="label_PurchaseCommodityContractMember_2">Purchase commodity contract [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseCommodityContractMember" xlink:to="label_PurchaseCommodityContractMember_2" xlink:title="Label : PurchaseCommodityContractMember to label_PurchaseCommodityContractMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_HedgedItemsMember" xlink:label="HedgedItemsMember" xlink:title="HedgedItemsMember" />
    <link:label xlink:type="resource" xlink:label="label_HedgedItemsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgedItemsMember" xml:lang="en-US" id="label_HedgedItemsMember">Hedged items [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgedItemsMember" xlink:to="label_HedgedItemsMember" xlink:title="Label : HedgedItemsMember to label_HedgedItemsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_HedgedItemsAxis" xlink:label="HedgedItemsAxis" xlink:title="HedgedItemsAxis" />
    <link:label xlink:type="resource" xlink:label="label_HedgedItemsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_HedgedItemsAxis" xml:lang="en-US" id="label_HedgedItemsAxis">Hedged items [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="HedgedItemsAxis" xlink:to="label_HedgedItemsAxis" xlink:title="Label : HedgedItemsAxis to label_HedgedItemsAxis" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UnusualOrInfrequentItem1LineItems" xlink:label="UnusualOrInfrequentItem1LineItems" xlink:title="UnusualOrInfrequentItem1LineItems" />
    <link:label xlink:type="resource" xlink:label="label_UnusualOrInfrequentItem1LineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UnusualOrInfrequentItem1LineItems" xml:lang="en-US" id="label_UnusualOrInfrequentItem1LineItems">Unusual or Infrequent Item 1 [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItem1LineItems" xlink:to="label_UnusualOrInfrequentItem1LineItems" xlink:title="Label : UnusualOrInfrequentItem1LineItems to label_UnusualOrInfrequentItem1LineItems" />
    <link:label xlink:type="resource" xlink:label="label_UnusualOrInfrequentItem1LineItems_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UnusualOrInfrequentItem1LineItems_1" xml:lang="en-US" id="label_UnusualOrInfrequentItem1LineItems_1">Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UnusualOrInfrequentItem1LineItems" xlink:to="label_UnusualOrInfrequentItem1LineItems_1" xlink:title="Label : UnusualOrInfrequentItem1LineItems to label_UnusualOrInfrequentItem1LineItems_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:label="DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:title="DisclosureOfNonadjustingEventsAfterReportingPeriodTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xml:lang="en-US" id="label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable">Disclosure of non-adjusting events after reporting period [table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:to="label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:title="Label : DisclosureOfNonadjustingEventsAfterReportingPeriodTable to label_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="NonadjustingEventsAfterReportingPeriodAxis" xlink:title="NonadjustingEventsAfterReportingPeriodAxis" />
    <link:label xlink:type="resource" xlink:label="label_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonadjustingEventsAfterReportingPeriodAxis" xml:lang="en-US" id="label_NonadjustingEventsAfterReportingPeriodAxis">Non-adjusting events after reporting period [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonadjustingEventsAfterReportingPeriodAxis" xlink:to="label_NonadjustingEventsAfterReportingPeriodAxis" xlink:title="Label : NonadjustingEventsAfterReportingPeriodAxis to label_NonadjustingEventsAfterReportingPeriodAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NonadjustingEventsMember" xlink:label="NonadjustingEventsMember" xlink:title="NonadjustingEventsMember" />
    <link:label xlink:type="resource" xlink:label="label_NonadjustingEventsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonadjustingEventsMember" xml:lang="en-US" id="label_NonadjustingEventsMember">Non-adjusting events after reporting period [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonadjustingEventsMember" xlink:to="label_NonadjustingEventsMember" xlink:title="Label : NonadjustingEventsMember to label_NonadjustingEventsMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MajorBusinessCombinationMember" xlink:label="MajorBusinessCombinationMember" xlink:title="MajorBusinessCombinationMember" />
    <link:label xlink:type="resource" xlink:label="label_MajorBusinessCombinationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorBusinessCombinationMember" xml:lang="en-US" id="label_MajorBusinessCombinationMember">Major business combination [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorBusinessCombinationMember" xlink:to="label_MajorBusinessCombinationMember" xlink:title="Label : MajorBusinessCombinationMember to label_MajorBusinessCombinationMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AnnualDividendProposalMember" xlink:label="AnnualDividendProposalMember" xlink:title="AnnualDividendProposalMember" />
    <link:label xlink:type="resource" xlink:label="label_AnnualDividendProposalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AnnualDividendProposalMember" xml:lang="en-US" id="label_AnnualDividendProposalMember">Annual Dividend Proposal [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualDividendProposalMember" xlink:to="label_AnnualDividendProposalMember" xlink:title="Label : AnnualDividendProposalMember to label_AnnualDividendProposalMember" />
    <link:label xlink:type="resource" xlink:label="label_AnnualDividendProposalMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AnnualDividendProposalMember_1" xml:lang="en-US" id="label_AnnualDividendProposalMember_1">Represents annual dividend proposal.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualDividendProposalMember" xlink:to="label_AnnualDividendProposalMember_1" xlink:title="Label : AnnualDividendProposalMember to label_AnnualDividendProposalMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_WindFarmInArgentinaMember" xlink:label="WindFarmInArgentinaMember" xlink:title="WindFarmInArgentinaMember" />
    <link:label xlink:type="resource" xlink:label="label_WindFarmInArgentinaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WindFarmInArgentinaMember" xml:lang="en-US" id="label_WindFarmInArgentinaMember">This member stands for the information pertaining to "Wind farm in Argentina".</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WindFarmInArgentinaMember" xlink:to="label_WindFarmInArgentinaMember" xlink:title="Label : WindFarmInArgentinaMember to label_WindFarmInArgentinaMember" />
    <link:label xlink:type="resource" xlink:label="label_WindFarmInArgentinaMember_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WindFarmInArgentinaMember_1" xml:lang="en-US" id="label_WindFarmInArgentinaMember_1">Wind farm in Argentina [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WindFarmInArgentinaMember" xlink:to="label_WindFarmInArgentinaMember_1" xlink:title="Label : WindFarmInArgentinaMember to label_WindFarmInArgentinaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_WindFarmInArgentinaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WindFarmInArgentinaMember_2" xml:lang="en-US" id="label_WindFarmInArgentinaMember_2">Wind farm in Argentina</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WindFarmInArgentinaMember" xlink:to="label_WindFarmInArgentinaMember_2" xlink:title="Label : WindFarmInArgentinaMember to label_WindFarmInArgentinaMember_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:label="DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:title="DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xml:lang="en-US" id="label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems">Disclosure of non-adjusting events after reporting period [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:to="label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:title="Label : DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems to label_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EstimatedInvestmentsPlanWindfarm" xlink:label="EstimatedInvestmentsPlanWindfarm" xlink:title="EstimatedInvestmentsPlanWindfarm" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsPlanWindfarm" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedInvestmentsPlanWindfarm" xml:lang="en-US" id="label_EstimatedInvestmentsPlanWindfarm">Estimated investments in plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsPlanWindfarm" xlink:to="label_EstimatedInvestmentsPlanWindfarm" xlink:title="Label : EstimatedInvestmentsPlanWindfarm to label_EstimatedInvestmentsPlanWindfarm" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsPlanWindfarm_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EstimatedInvestmentsPlanWindfarm_1" xml:lang="en-US" id="label_EstimatedInvestmentsPlanWindfarm_1">The amount of estimated investments to be made in a plan windfarm.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsPlanWindfarm" xlink:to="label_EstimatedInvestmentsPlanWindfarm_1" xlink:title="Label : EstimatedInvestmentsPlanWindfarm to label_EstimatedInvestmentsPlanWindfarm_1" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedInvestmentsPlanWindfarm_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimatedInvestmentsPlanWindfarm_2" xml:lang="en-US" id="label_EstimatedInvestmentsPlanWindfarm_2">Estimated investments plan windfarm</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedInvestmentsPlanWindfarm" xlink:to="label_EstimatedInvestmentsPlanWindfarm_2" xlink:title="Label : EstimatedInvestmentsPlanWindfarm to label_EstimatedInvestmentsPlanWindfarm_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" xlink:label="EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" xlink:title="EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" xml:lang="en-US" id="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry">The volume of estimated reduction of Carbon dioxide ("CO2") emissions of reporting entity in that country.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" xlink:to="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" xlink:title="Label : EstimatedReductionOfCarbonDioxideEmissionsInThatCountry to label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_1" xml:lang="en-US" id="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_1">Estimated reduction of Carbon dioxide emissions of reporting entity in that country</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" xlink:to="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_1" xlink:title="Label : EstimatedReductionOfCarbonDioxideEmissionsInThatCountry to label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_1" />
    <link:label xlink:type="resource" xlink:label="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_2" xml:lang="en-US" id="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_2">Estimated reduction of carbon dioxide emissions in that country</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EstimatedReductionOfCarbonDioxideEmissionsInThatCountry" xlink:to="label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_2" xlink:title="Label : EstimatedReductionOfCarbonDioxideEmissionsInThatCountry to label_EstimatedReductionOfCarbonDioxideEmissionsInThatCountry_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentageOfEnergyRequirementsInThatMillToBeSupplied" xlink:label="PercentageOfEnergyRequirementsInThatMillToBeSupplied" xlink:title="PercentageOfEnergyRequirementsInThatMillToBeSupplied" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied" xml:lang="en-US" id="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied">The percentage of energy requirements in that mill to be supplied by a specific plan.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEnergyRequirementsInThatMillToBeSupplied" xlink:to="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied" xlink:title="Label : PercentageOfEnergyRequirementsInThatMillToBeSupplied to label_PercentageOfEnergyRequirementsInThatMillToBeSupplied" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_1" xml:lang="en-US" id="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_1">Percentage of energy requirements in that city to be supplied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEnergyRequirementsInThatMillToBeSupplied" xlink:to="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_1" xlink:title="Label : PercentageOfEnergyRequirementsInThatMillToBeSupplied to label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_2" xml:lang="en-US" id="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_2">Percentage of energy requirements in that mill to be supplied</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfEnergyRequirementsInThatMillToBeSupplied" xlink:to="label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_2" xlink:title="Label : PercentageOfEnergyRequirementsInThatMillToBeSupplied to label_PercentageOfEnergyRequirementsInThatMillToBeSupplied_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:label="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:title="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" />
    <link:label xlink:type="resource" xlink:label="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xml:lang="en-US" id="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:to="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:title="Label : DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare to label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" />
    <link:label xlink:type="resource" xlink:label="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_1" xml:lang="en-US" id="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_1">Annual dividend proposed to be distributed (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:to="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_1" xlink:title="Label : DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare to label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" xlink:label="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" xlink:title="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" />
    <link:label xlink:type="resource" xlink:label="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" xml:lang="en-US" id="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity">The amount, per American Depositary Security (ADS), of dividends proposed or declared before financial statements were authorised for issue but not recognised as distribution to owners. Each ADS equals two shares.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" xlink:to="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" xlink:title="Label : DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity to label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" />
    <link:label xlink:type="resource" xlink:label="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_1" xml:lang="en-US" id="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_1">Annual dividend proposed to be distributed, amount per ads (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" xlink:to="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_1" xlink:title="Label : DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity to label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_2" xml:lang="en-US" id="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_2">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owner per american depositary security</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity" xlink:to="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_2" xlink:title="Label : DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity to label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:label="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:title="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" />
    <link:label xlink:type="resource" xlink:label="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xml:lang="en-US" id="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:to="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:title="Label : DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners to label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" />
    <link:label xlink:type="resource" xlink:label="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_1" xml:lang="en-US" id="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_1">Annual dividend proposed to be distributed</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:to="label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_1" xlink:title="Label : DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners to label_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DividendsPayableAmountPerShares" xlink:label="DividendsPayableAmountPerShares" xlink:title="DividendsPayableAmountPerShares" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayableAmountPerShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DividendsPayableAmountPerShares" xml:lang="en-US" id="label_DividendsPayableAmountPerShares">The per share amount of a dividend payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableAmountPerShares" xlink:to="label_DividendsPayableAmountPerShares" xlink:title="Label : DividendsPayableAmountPerShares to label_DividendsPayableAmountPerShares" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayableAmountPerShares_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsPayableAmountPerShares_1" xml:lang="en-US" id="label_DividendsPayableAmountPerShares_1">Dividends payable, amount per share (in dollars per share)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableAmountPerShares" xlink:to="label_DividendsPayableAmountPerShares_1" xlink:title="Label : DividendsPayableAmountPerShares to label_DividendsPayableAmountPerShares_1" />
    <link:label xlink:type="resource" xlink:label="label_DividendsPayableAmountPerShares_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DividendsPayableAmountPerShares_2" xml:lang="en-US" id="label_DividendsPayableAmountPerShares_2">Dividends payable amount per share</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsPayableAmountPerShares" xlink:to="label_DividendsPayableAmountPerShares_2" xlink:title="Label : DividendsPayableAmountPerShares to label_DividendsPayableAmountPerShares_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_AnnualDividendPayable" xlink:label="AnnualDividendPayable" xlink:title="AnnualDividendPayable" />
    <link:label xlink:type="resource" xlink:label="label_AnnualDividendPayable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AnnualDividendPayable" xml:lang="en-US" id="label_AnnualDividendPayable">The amount of annual dividend payable.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualDividendPayable" xlink:to="label_AnnualDividendPayable" xlink:title="Label : AnnualDividendPayable to label_AnnualDividendPayable" />
    <link:label xlink:type="resource" xlink:label="label_AnnualDividendPayable_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_AnnualDividendPayable_1" xml:lang="en-US" id="label_AnnualDividendPayable_1">Annual dividend payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualDividendPayable" xlink:to="label_AnnualDividendPayable_1" xlink:title="Label : AnnualDividendPayable to label_AnnualDividendPayable_1" />
    <link:label xlink:type="resource" xlink:label="label_AnnualDividendPayable_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_AnnualDividendPayable_2" xml:lang="en-US" id="label_AnnualDividendPayable_2">Annual dividend payable</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AnnualDividendPayable" xlink:to="label_AnnualDividendPayable_2" xlink:title="Label : AnnualDividendPayable to label_AnnualDividendPayable_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_RU" xlink:label="RU" xlink:title="RU" />
    <link:label xlink:type="resource" xlink:label="label_RU" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_RU" xml:lang="en-US" id="label_RU">RUSSIAN FEDERATION</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RU" xlink:to="label_RU" xlink:title="Label : RU to label_RU" />
    <link:label xlink:type="resource" xlink:label="label_RU_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_RU_1" xml:lang="en-US" id="label_RU_1">Russia</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RU" xlink:to="label_RU_1" xlink:title="Label : RU to label_RU_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:label="OtherAssetsRecognisedAsOfAcquisitionDate" xlink:title="OtherAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_OtherAssetsRecognisedAsOfAcquisitionDate">Other assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:title="Label : OtherAssetsRecognisedAsOfAcquisitionDate to label_OtherAssetsRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherAssetsRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_OtherAssetsRecognisedAsOfAcquisitionDate_1">The amount recognised as of the acquisition date for other assets acquired in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsRecognisedAsOfAcquisitionDate" xlink:to="label_OtherAssetsRecognisedAsOfAcquisitionDate_1" xlink:title="Label : OtherAssetsRecognisedAsOfAcquisitionDate to label_OtherAssetsRecognisedAsOfAcquisitionDate_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="OtherLiabilitiesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate">The amount recognised as of the acquisition date for other liabilities assumed in a business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="Label : OtherLiabilitiesRecognisedAsOfAcquisitionDate to label_OtherLiabilitiesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_1" xml:lang="en-US" id="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_1">Other liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_1" xlink:title="Label : OtherLiabilitiesRecognisedAsOfAcquisitionDate to label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_2" xml:lang="en-US" id="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_2">Other liabilities recognised as of acquisition date</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_2" xlink:title="Label : OtherLiabilitiesRecognisedAsOfAcquisitionDate to label_OtherLiabilitiesRecognisedAsOfAcquisitionDate_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:label="DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" />
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xml:lang="en-US" id="label_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate">Deferred Tax Liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="label_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:title="Label : DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate to label_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:label="GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:title="GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" />
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    <link:label xlink:type="resource" xlink:label="label_IndustrialAndOtherMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IndustrialAndOtherMember_2" xml:lang="en-US" id="label_IndustrialAndOtherMember_2">Industrial, Power and Others</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" xlink:title="ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" />
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    <link:label xlink:type="resource" xlink:label="label_AdjustmentsForReclassificationOfForeignExchangeReserve_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_AdjustmentsForReclassificationOfForeignExchangeReserve_2" xml:lang="en-US" id="label_AdjustmentsForReclassificationOfForeignExchangeReserve_2">The amount of adjustments for reclassification foreign exchange to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AdjustmentsForReclassificationOfForeignExchangeReserve" xlink:to="label_AdjustmentsForReclassificationOfForeignExchangeReserve_2" xlink:title="Label : AdjustmentsForReclassificationOfForeignExchangeReserve to label_AdjustmentsForReclassificationOfForeignExchangeReserve_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CurrencyTranslationAdjustmentWorkingCapital" xlink:label="CurrencyTranslationAdjustmentWorkingCapital" xlink:title="CurrencyTranslationAdjustmentWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyTranslationAdjustmentWorkingCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CurrencyTranslationAdjustmentWorkingCapital" xml:lang="en-US" id="label_CurrencyTranslationAdjustmentWorkingCapital">Currency translation adjustment, working capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyTranslationAdjustmentWorkingCapital" xlink:to="label_CurrencyTranslationAdjustmentWorkingCapital" xlink:title="Label : CurrencyTranslationAdjustmentWorkingCapital to label_CurrencyTranslationAdjustmentWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyTranslationAdjustmentWorkingCapital_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CurrencyTranslationAdjustmentWorkingCapital_1" xml:lang="en-US" id="label_CurrencyTranslationAdjustmentWorkingCapital_1">The amount of currency translation adjustment working capital to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyTranslationAdjustmentWorkingCapital" xlink:to="label_CurrencyTranslationAdjustmentWorkingCapital_1" xlink:title="Label : CurrencyTranslationAdjustmentWorkingCapital to label_CurrencyTranslationAdjustmentWorkingCapital_1" />
    <link:label xlink:type="resource" xlink:label="label_CurrencyTranslationAdjustmentWorkingCapital_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CurrencyTranslationAdjustmentWorkingCapital_2" xml:lang="en-US" id="label_CurrencyTranslationAdjustmentWorkingCapital_2">Currency translation adjustment working capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrencyTranslationAdjustmentWorkingCapital" xlink:to="label_CurrencyTranslationAdjustmentWorkingCapital_2" xlink:title="Label : CurrencyTranslationAdjustmentWorkingCapital to label_CurrencyTranslationAdjustmentWorkingCapital_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OilAndGasProcessingPlantsMember" xlink:label="OilAndGasProcessingPlantsMember" xlink:title="OilAndGasProcessingPlantsMember" />
    <link:label xlink:type="resource" xlink:label="label_OilAndGasProcessingPlantsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OilAndGasProcessingPlantsMember" xml:lang="en-US" id="label_OilAndGasProcessingPlantsMember">Oil and Gas Processing Plants [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OilAndGasProcessingPlantsMember" xlink:to="label_OilAndGasProcessingPlantsMember" xlink:title="Label : OilAndGasProcessingPlantsMember to label_OilAndGasProcessingPlantsMember" />
    <link:label xlink:type="resource" xlink:label="label_OilAndGasProcessingPlantsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OilAndGasProcessingPlantsMember_1" xml:lang="en-US" id="label_OilAndGasProcessingPlantsMember_1">Oil and Gas processing plants [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OilAndGasProcessingPlantsMember" xlink:to="label_OilAndGasProcessingPlantsMember_1" xlink:title="Label : OilAndGasProcessingPlantsMember to label_OilAndGasProcessingPlantsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OilAndGasProcessingPlantsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OilAndGasProcessingPlantsMember_2" xml:lang="en-US" id="label_OilAndGasProcessingPlantsMember_2">This member stands for the information pertaining to oil and gas processing plants.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OilAndGasProcessingPlantsMember" xlink:to="label_OilAndGasProcessingPlantsMember_2" xlink:title="Label : OilAndGasProcessingPlantsMember to label_OilAndGasProcessingPlantsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" xlink:label="OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" xlink:title="OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" xml:lang="en-US" id="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve">Other Operating Income Reclassification of Currency Translation Adjustment Reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" xlink:to="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" xlink:title="Label : OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve to label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_1" xml:lang="en-US" id="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_1">Reclassification of currency translation adjustment reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" xlink:to="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_1" xlink:title="Label : OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve to label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_2" xml:lang="en-US" id="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_2">Amount of other operating income attributable to reclassification of currency translation adjustment reserve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve" xlink:to="label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_2" xlink:title="Label : OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve to label_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" xlink:label="OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" xlink:title="OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" xml:lang="en-US" id="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement">Other Operating Expense Securities Exchange Commission Investigation Settlement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" xlink:to="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" xlink:title="Label : OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement to label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_1" xml:lang="en-US" id="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_1">Securities Exchange Commission investigation settlement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" xlink:to="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_1" xlink:title="Label : OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement to label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_2" xml:lang="en-US" id="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_2">Amount of other operating expense attributable to securities Exchange Commission investigation settlement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement" xlink:to="label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_2" xlink:title="Label : OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement to label_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfFinancialResultsTable" xlink:label="DisclosureOfFinancialResultsTable" xlink:title="DisclosureOfFinancialResultsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialResultsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialResultsTable" xml:lang="en-US" id="label_DisclosureOfFinancialResultsTable">Disclosure of Financial Results [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialResultsTable" xlink:to="label_DisclosureOfFinancialResultsTable" xlink:title="Label : DisclosureOfFinancialResultsTable to label_DisclosureOfFinancialResultsTable" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialResultsTable_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfFinancialResultsTable_1" xml:lang="en-US" id="label_DisclosureOfFinancialResultsTable_1">Schedule disclosing information related to financial result.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialResultsTable" xlink:to="label_DisclosureOfFinancialResultsTable_1" xlink:title="Label : DisclosureOfFinancialResultsTable to label_DisclosureOfFinancialResultsTable_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ArgentineSovereignBondsMember" xlink:label="ArgentineSovereignBondsMember" xlink:title="ArgentineSovereignBondsMember" />
    <link:label xlink:type="resource" xlink:label="label_ArgentineSovereignBondsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ArgentineSovereignBondsMember" xml:lang="en-US" id="label_ArgentineSovereignBondsMember">This member stands for the information pertaining to argentine sovereign bonds.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentineSovereignBondsMember" xlink:to="label_ArgentineSovereignBondsMember" xlink:title="Label : ArgentineSovereignBondsMember to label_ArgentineSovereignBondsMember" />
    <link:label xlink:type="resource" xlink:label="label_ArgentineSovereignBondsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ArgentineSovereignBondsMember_1" xml:lang="en-US" id="label_ArgentineSovereignBondsMember_1">Argentine sovereign bonds</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentineSovereignBondsMember" xlink:to="label_ArgentineSovereignBondsMember_1" xlink:title="Label : ArgentineSovereignBondsMember to label_ArgentineSovereignBondsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ArgentineSovereignBondsMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ArgentineSovereignBondsMember_2" xml:lang="en-US" id="label_ArgentineSovereignBondsMember_2">Argentine Sovereign Bonds [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentineSovereignBondsMember" xlink:to="label_ArgentineSovereignBondsMember_2" xlink:title="Label : ArgentineSovereignBondsMember to label_ArgentineSovereignBondsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LossArisingFromDividendPaidInKind" xlink:label="LossArisingFromDividendPaidInKind" xlink:title="LossArisingFromDividendPaidInKind" />
    <link:label xlink:type="resource" xlink:label="label_LossArisingFromDividendPaidInKind" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LossArisingFromDividendPaidInKind" xml:lang="en-US" id="label_LossArisingFromDividendPaidInKind">Loss Arising from Dividend Paid in Kind</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossArisingFromDividendPaidInKind" xlink:to="label_LossArisingFromDividendPaidInKind" xlink:title="Label : LossArisingFromDividendPaidInKind to label_LossArisingFromDividendPaidInKind" />
    <link:label xlink:type="resource" xlink:label="label_LossArisingFromDividendPaidInKind_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LossArisingFromDividendPaidInKind_1" xml:lang="en-US" id="label_LossArisingFromDividendPaidInKind_1">Loss arising from dividend paid in kind</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossArisingFromDividendPaidInKind" xlink:to="label_LossArisingFromDividendPaidInKind_1" xlink:title="Label : LossArisingFromDividendPaidInKind to label_LossArisingFromDividendPaidInKind_1" />
    <link:label xlink:type="resource" xlink:label="label_LossArisingFromDividendPaidInKind_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LossArisingFromDividendPaidInKind_2" xml:lang="en-US" id="label_LossArisingFromDividendPaidInKind_2">Amount of loss arising from dividend paid in kind.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossArisingFromDividendPaidInKind" xlink:to="label_LossArisingFromDividendPaidInKind_2" xlink:title="Label : LossArisingFromDividendPaidInKind to label_LossArisingFromDividendPaidInKind_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfFinancialResultsLineItems" xlink:label="DisclosureOfFinancialResultsLineItems" xlink:title="DisclosureOfFinancialResultsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialResultsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfFinancialResultsLineItems" xml:lang="en-US" id="label_DisclosureOfFinancialResultsLineItems">Disclosure of Financial Results [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialResultsLineItems" xlink:to="label_DisclosureOfFinancialResultsLineItems" xlink:title="Label : DisclosureOfFinancialResultsLineItems to label_DisclosureOfFinancialResultsLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfFinancialResultsLineItems_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfFinancialResultsLineItems_1" xml:lang="en-US" id="label_DisclosureOfFinancialResultsLineItems_1">Schedule disclosing information related to financial result.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfFinancialResultsLineItems" xlink:to="label_DisclosureOfFinancialResultsLineItems_1" xlink:title="Label : DisclosureOfFinancialResultsLineItems to label_DisclosureOfFinancialResultsLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LandMember" xlink:label="LandMember" xlink:title="LandMember" />
    <link:label xlink:type="resource" xlink:label="label_LandMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LandMember" xml:lang="en-US" id="label_LandMember">Land [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LandMember" xlink:to="label_LandMember" xlink:title="Label : LandMember to label_LandMember" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PropertyPlantAndEquipmentRestrictionsOnTitle" xlink:label="PropertyPlantAndEquipmentRestrictionsOnTitle" xlink:title="PropertyPlantAndEquipmentRestrictionsOnTitle" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentRestrictionsOnTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PropertyPlantAndEquipmentRestrictionsOnTitle" xml:lang="en-US" id="label_PropertyPlantAndEquipmentRestrictionsOnTitle">Property, plant and equipment, restrictions on title</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentRestrictionsOnTitle" xlink:to="label_PropertyPlantAndEquipmentRestrictionsOnTitle" xlink:title="Label : PropertyPlantAndEquipmentRestrictionsOnTitle to label_PropertyPlantAndEquipmentRestrictionsOnTitle" />
    <link:label xlink:type="resource" xlink:label="label_PropertyPlantAndEquipmentRestrictionsOnTitle_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PropertyPlantAndEquipmentRestrictionsOnTitle_1" xml:lang="en-US" id="label_PropertyPlantAndEquipmentRestrictionsOnTitle_1">Restricted assets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PropertyPlantAndEquipmentRestrictionsOnTitle" xlink:to="label_PropertyPlantAndEquipmentRestrictionsOnTitle_1" xlink:title="Label : PropertyPlantAndEquipmentRestrictionsOnTitle to label_PropertyPlantAndEquipmentRestrictionsOnTitle_1" />
    <link:label xlink:type="resource" xlink:label="label_SA_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SA_1" xml:lang="en-US" id="label_SA_1">Saudi Arabia</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SA" xlink:to="label_SA_1" xlink:title="Label : SA to label_SA_1" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestInSubsidiary_3" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:title="label_ProportionOfOwnershipInterestInSubsidiary_3" xml:lang="en-US" id="label_ProportionOfOwnershipInterestInSubsidiary_3">Percentage of ownership interest in subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestInSubsidiary" xlink:to="label_ProportionOfOwnershipInterestInSubsidiary_3" xlink:title="Label : ProportionOfOwnershipInterestInSubsidiary to label_ProportionOfOwnershipInterestInSubsidiary_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherAssetsMember" xlink:label="OtherAssetsMember" xlink:title="OtherAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherAssetsMember" xml:lang="en-US" id="label_OtherAssetsMember">Other assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherAssetsMember" xlink:to="label_OtherAssetsMember" xlink:title="Label : OtherAssetsMember to label_OtherAssetsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_LeaseLiabilitiesCapitalRepayments" xlink:label="LeaseLiabilitiesCapitalRepayments" xlink:title="LeaseLiabilitiesCapitalRepayments" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesCapitalRepayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LeaseLiabilitiesCapitalRepayments" xml:lang="en-US" id="label_LeaseLiabilitiesCapitalRepayments">Lease Liabilities Capital Repayments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesCapitalRepayments" xlink:to="label_LeaseLiabilitiesCapitalRepayments" xlink:title="Label : LeaseLiabilitiesCapitalRepayments to label_LeaseLiabilitiesCapitalRepayments" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesCapitalRepayments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseLiabilitiesCapitalRepayments_1" xml:lang="en-US" id="label_LeaseLiabilitiesCapitalRepayments_1">Repayments of lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesCapitalRepayments" xlink:to="label_LeaseLiabilitiesCapitalRepayments_1" xlink:title="Label : LeaseLiabilitiesCapitalRepayments to label_LeaseLiabilitiesCapitalRepayments_1" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesCapitalRepayments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_LeaseLiabilitiesCapitalRepayments_2" xml:lang="en-US" id="label_LeaseLiabilitiesCapitalRepayments_2">The amount of capital repayments of lease liabilities.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesCapitalRepayments" xlink:to="label_LeaseLiabilitiesCapitalRepayments_2" xlink:title="Label : LeaseLiabilitiesCapitalRepayments to label_LeaseLiabilitiesCapitalRepayments_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:label="InterestExpenseOnLeaseLiabilities" xlink:title="InterestExpenseOnLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InterestExpenseOnLeaseLiabilities" xml:lang="en-US" id="label_InterestExpenseOnLeaseLiabilities">Interest expense on lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestExpenseOnLeaseLiabilities" xlink:to="label_InterestExpenseOnLeaseLiabilities" xlink:title="Label : InterestExpenseOnLeaseLiabilities to label_InterestExpenseOnLeaseLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_DisposalsConsumptionsRightOfUseAssets_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisposalsConsumptionsRightOfUseAssets_3" xml:lang="en-US" id="label_DisposalsConsumptionsRightOfUseAssets_3">Net disposals</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisposalsConsumptionsRightOfUseAssets" xlink:to="label_DisposalsConsumptionsRightOfUseAssets_3" xlink:title="Label : DisposalsConsumptionsRightOfUseAssets to label_DisposalsConsumptionsRightOfUseAssets_3" />
    <link:label xlink:type="resource" xlink:label="label_LeaseLiabilitiesCancellations_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LeaseLiabilitiesCancellations_3" xml:lang="en-US" id="label_LeaseLiabilitiesCancellations_3">Cancellations of lease liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LeaseLiabilitiesCancellations" xlink:to="label_LeaseLiabilitiesCancellations_3" xlink:title="Label : LeaseLiabilitiesCancellations to label_LeaseLiabilitiesCancellations_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NoncurrentReceivablesTable" xlink:label="NoncurrentReceivablesTable" xlink:title="NoncurrentReceivablesTable" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivablesTable" xml:lang="en-US" id="label_NoncurrentReceivablesTable">Non-current Receivables [Table]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesTable" xlink:to="label_NoncurrentReceivablesTable" xlink:title="Label : NoncurrentReceivablesTable to label_NoncurrentReceivablesTable" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesTable_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentReceivablesTable_1" xml:lang="en-US" id="label_NoncurrentReceivablesTable_1">Schedule disclosing information related to non-current receivables.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesTable" xlink:to="label_NoncurrentReceivablesTable_1" xlink:title="Label : NoncurrentReceivablesTable to label_NoncurrentReceivablesTable_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NoncurrentReceivablesLineItems" xlink:label="NoncurrentReceivablesLineItems" xlink:title="NoncurrentReceivablesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NoncurrentReceivablesLineItems" xml:lang="en-US" id="label_NoncurrentReceivablesLineItems">Non-current Receivables [Line Items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesLineItems" xlink:to="label_NoncurrentReceivablesLineItems" xlink:title="Label : NoncurrentReceivablesLineItems to label_NoncurrentReceivablesLineItems" />
    <link:label xlink:type="resource" xlink:label="label_NoncurrentReceivablesLineItems_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NoncurrentReceivablesLineItems_1" xml:lang="en-US" id="label_NoncurrentReceivablesLineItems_1">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NoncurrentReceivablesLineItems" xlink:to="label_NoncurrentReceivablesLineItems_1" xlink:title="Label : NoncurrentReceivablesLineItems to label_NoncurrentReceivablesLineItems_1" />
    <link:label xlink:type="resource" xlink:label="label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_1" xml:lang="en-US" id="label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_1">PIS and COFINS [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember" xlink:to="label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_1" xlink:title="Label : SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember to label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_2" xml:lang="en-US" id="label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_2">This member stands for the information pertaining to Social Integration Program (PIS) and Contribution for Social Security Financing (COFINS).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember" xlink:to="label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_2" xlink:title="Label : SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember to label_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionUsedOtherProvisions_2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:title="label_ProvisionUsedOtherProvisions_2" xml:lang="en-US" id="label_ProvisionUsedOtherProvisions_2">Used and other movements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionUsedOtherProvisions" xlink:to="label_ProvisionUsedOtherProvisions_2" xlink:title="Label : ProvisionUsedOtherProvisions to label_ProvisionUsedOtherProvisions_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_CN" xlink:label="CN" xlink:title="CN" />
    <link:label xlink:type="resource" xlink:label="label_CN" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CN" xml:lang="en-US" id="label_CN">CHINA</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CN" xlink:to="label_CN" xlink:title="Label : CN to label_CN" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisQingdaoSteelPipesLtdMember" xlink:label="TenarisQingdaoSteelPipesLtdMember" xlink:title="TenarisQingdaoSteelPipesLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisQingdaoSteelPipesLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisQingdaoSteelPipesLtdMember" xml:lang="en-US" id="label_TenarisQingdaoSteelPipesLtdMember">Tenaris Qingdao Steel Pipes Ltd [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisQingdaoSteelPipesLtdMember" xlink:to="label_TenarisQingdaoSteelPipesLtdMember" xlink:title="Label : TenarisQingdaoSteelPipesLtdMember to label_TenarisQingdaoSteelPipesLtdMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisQingdaoSteelPipesLtdMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TenarisQingdaoSteelPipesLtdMember_1" xml:lang="en-US" id="label_TenarisQingdaoSteelPipesLtdMember_1">TENARIS QINGDAO STEEL PIPES LTD. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisQingdaoSteelPipesLtdMember" xlink:to="label_TenarisQingdaoSteelPipesLtdMember_1" xlink:title="Label : TenarisQingdaoSteelPipesLtdMember to label_TenarisQingdaoSteelPipesLtdMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TenarisQingdaoSteelPipesLtdMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisQingdaoSteelPipesLtdMember_2" xml:lang="en-US" id="label_TenarisQingdaoSteelPipesLtdMember_2">This member stands for the information pertaining to Tenaris Qingdao Steel Pipes Ltd.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisQingdaoSteelPipesLtdMember" xlink:to="label_TenarisQingdaoSteelPipesLtdMember_2" xlink:title="Label : TenarisQingdaoSteelPipesLtdMember to label_TenarisQingdaoSteelPipesLtdMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ParquesEolicosDeLaBuenaVenturaSAMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ParquesEolicosDeLaBuenaVenturaSAMember_1" xml:lang="en-US" id="label_ParquesEolicosDeLaBuenaVenturaSAMember_1">This member stands for the information pertaining to Parques Eolicos de la Buena Ventura S.A. which acquired by entity through business combination.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParquesEolicosDeLaBuenaVenturaSAMember" xlink:to="label_ParquesEolicosDeLaBuenaVenturaSAMember_1" xlink:title="Label : ParquesEolicosDeLaBuenaVenturaSAMember to label_ParquesEolicosDeLaBuenaVenturaSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ParquesEolicosDeLaBuenaVenturaSAMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ParquesEolicosDeLaBuenaVenturaSAMember_2" xml:lang="en-US" id="label_ParquesEolicosDeLaBuenaVenturaSAMember_2">Parques Eolicos de la Buena Ventura S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ParquesEolicosDeLaBuenaVenturaSAMember" xlink:to="label_ParquesEolicosDeLaBuenaVenturaSAMember_2" xlink:title="Label : ParquesEolicosDeLaBuenaVenturaSAMember to label_ParquesEolicosDeLaBuenaVenturaSAMember_2" />
    <link:label xlink:type="resource" xlink:label="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2" xml:lang="en-US" id="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2">Fair value of acquired assets and liabilities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2" xlink:title="Label : IdentifiableAssetsAcquiredLiabilitiesAssumed to label_IdentifiableAssetsAcquiredLiabilitiesAssumed_2" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesReimbursementExpenses_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesReimbursementExpenses_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesReimbursementExpenses_2">Nationalization of subsidiaries, reimbursement expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesReimbursementExpenses" xlink:to="label_NationalizationOfSubsidiariesReimbursementExpenses_2" xlink:title="Label : NationalizationOfSubsidiariesReimbursementExpenses to label_NationalizationOfSubsidiariesReimbursementExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_BentelerSteelAndTubeManufacturingCorporationMember" xlink:label="BentelerSteelAndTubeManufacturingCorporationMember" xlink:title="BentelerSteelAndTubeManufacturingCorporationMember" />
    <link:label xlink:type="resource" xlink:label="label_BentelerSteelAndTubeManufacturingCorporationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BentelerSteelAndTubeManufacturingCorporationMember" xml:lang="en-US" id="label_BentelerSteelAndTubeManufacturingCorporationMember">Benteler Steel and Tube Manufacturing Corporation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BentelerSteelAndTubeManufacturingCorporationMember" xlink:to="label_BentelerSteelAndTubeManufacturingCorporationMember" xlink:title="Label : BentelerSteelAndTubeManufacturingCorporationMember to label_BentelerSteelAndTubeManufacturingCorporationMember" />
    <link:label xlink:type="resource" xlink:label="label_BentelerSteelAndTubeManufacturingCorporationMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BentelerSteelAndTubeManufacturingCorporationMember_1" xml:lang="en-US" id="label_BentelerSteelAndTubeManufacturingCorporationMember_1">This member stands for the information pertaining to Benteler Steel &amp; Tube Manufacturing Corporation.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BentelerSteelAndTubeManufacturingCorporationMember" xlink:to="label_BentelerSteelAndTubeManufacturingCorporationMember_1" xlink:title="Label : BentelerSteelAndTubeManufacturingCorporationMember to label_BentelerSteelAndTubeManufacturingCorporationMember_1" />
    <link:label xlink:type="resource" xlink:label="label_BentelerSteelAndTubeManufacturingCorporationMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BentelerSteelAndTubeManufacturingCorporationMember_2" xml:lang="en-US" id="label_BentelerSteelAndTubeManufacturingCorporationMember_2">Benteler Steel &amp; Tube Manufacturing Corporation [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BentelerSteelAndTubeManufacturingCorporationMember" xlink:to="label_BentelerSteelAndTubeManufacturingCorporationMember_2" xlink:title="Label : BentelerSteelAndTubeManufacturingCorporationMember to label_BentelerSteelAndTubeManufacturingCorporationMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DefinitiveAgreementMember" xlink:label="DefinitiveAgreementMember" xlink:title="DefinitiveAgreementMember" />
    <link:label xlink:type="resource" xlink:label="label_DefinitiveAgreementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DefinitiveAgreementMember" xml:lang="en-US" id="label_DefinitiveAgreementMember">Definitive Agreement [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinitiveAgreementMember" xlink:to="label_DefinitiveAgreementMember" xlink:title="Label : DefinitiveAgreementMember to label_DefinitiveAgreementMember" />
    <link:label xlink:type="resource" xlink:label="label_DefinitiveAgreementMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DefinitiveAgreementMember_1" xml:lang="en-US" id="label_DefinitiveAgreementMember_1">This member stands for the information pertaining to definitive agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinitiveAgreementMember" xlink:to="label_DefinitiveAgreementMember_1" xlink:title="Label : DefinitiveAgreementMember to label_DefinitiveAgreementMember_1" />
    <link:label xlink:type="resource" xlink:label="label_DefinitiveAgreementMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DefinitiveAgreementMember_2" xml:lang="en-US" id="label_DefinitiveAgreementMember_2">Definitive agreement [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DefinitiveAgreementMember" xlink:to="label_DefinitiveAgreementMember_2" xlink:title="Label : DefinitiveAgreementMember to label_DefinitiveAgreementMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ImpairmentLossOnInvestmentInJointVenture" xlink:label="ImpairmentLossOnInvestmentInJointVenture" xlink:title="ImpairmentLossOnInvestmentInJointVenture" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossOnInvestmentInJointVenture" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentLossOnInvestmentInJointVenture" xml:lang="en-US" id="label_ImpairmentLossOnInvestmentInJointVenture">Impairment loss on investment in joint venture</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossOnInvestmentInJointVenture" xlink:to="label_ImpairmentLossOnInvestmentInJointVenture" xlink:title="Label : ImpairmentLossOnInvestmentInJointVenture to label_ImpairmentLossOnInvestmentInJointVenture" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossOnInvestmentInJointVenture_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ImpairmentLossOnInvestmentInJointVenture_1" xml:lang="en-US" id="label_ImpairmentLossOnInvestmentInJointVenture_1">The amount of Impairment loss on investment in joint venture.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossOnInvestmentInJointVenture" xlink:to="label_ImpairmentLossOnInvestmentInJointVenture_1" xlink:title="Label : ImpairmentLossOnInvestmentInJointVenture to label_ImpairmentLossOnInvestmentInJointVenture_1" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossOnInvestmentInJointVenture_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImpairmentLossOnInvestmentInJointVenture_2" xml:lang="en-US" id="label_ImpairmentLossOnInvestmentInJointVenture_2">Impairment loss on investment in joint venture</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossOnInvestmentInJointVenture" xlink:to="label_ImpairmentLossOnInvestmentInJointVenture_2" xlink:title="Label : ImpairmentLossOnInvestmentInJointVenture to label_ImpairmentLossOnInvestmentInJointVenture_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfClimateChangeAbstract" xlink:label="DisclosureOfClimateChangeAbstract" xlink:title="DisclosureOfClimateChangeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClimateChangeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfClimateChangeAbstract" xml:lang="en-US" id="label_DisclosureOfClimateChangeAbstract">Disclosure of Climate Change [Abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClimateChangeAbstract" xlink:to="label_DisclosureOfClimateChangeAbstract" xlink:title="Label : DisclosureOfClimateChangeAbstract to label_DisclosureOfClimateChangeAbstract" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClimateChangeAbstract_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfClimateChangeAbstract_1" xml:lang="en-US" id="label_DisclosureOfClimateChangeAbstract_1">Disclosure of climate change. [abstract]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClimateChangeAbstract" xlink:to="label_DisclosureOfClimateChangeAbstract_1" xlink:title="Label : DisclosureOfClimateChangeAbstract to label_DisclosureOfClimateChangeAbstract_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfClimateChangeTextBlock" xlink:label="DisclosureOfClimateChangeTextBlock" xlink:title="DisclosureOfClimateChangeTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClimateChangeTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfClimateChangeTextBlock" xml:lang="en-US" id="label_DisclosureOfClimateChangeTextBlock">Note 37 - Climate change</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClimateChangeTextBlock" xlink:to="label_DisclosureOfClimateChangeTextBlock" xlink:title="Label : DisclosureOfClimateChangeTextBlock to label_DisclosureOfClimateChangeTextBlock" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClimateChangeTextBlock_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DisclosureOfClimateChangeTextBlock_1" xml:lang="en-US" id="label_DisclosureOfClimateChangeTextBlock_1">The disclosure of climate change.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClimateChangeTextBlock" xlink:to="label_DisclosureOfClimateChangeTextBlock_1" xlink:title="Label : DisclosureOfClimateChangeTextBlock to label_DisclosureOfClimateChangeTextBlock_1" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClimateChangeTextBlock_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfClimateChangeTextBlock_2" xml:lang="en-US" id="label_DisclosureOfClimateChangeTextBlock_2">Disclosure of climate change [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClimateChangeTextBlock" xlink:to="label_DisclosureOfClimateChangeTextBlock_2" xlink:title="Label : DisclosureOfClimateChangeTextBlock to label_DisclosureOfClimateChangeTextBlock_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TimeHorizonAxis" xlink:label="TimeHorizonAxis" xlink:title="TimeHorizonAxis" />
    <link:label xlink:type="resource" xlink:label="label_TimeHorizonAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TimeHorizonAxis" xml:lang="en-US" id="label_TimeHorizonAxis">Time horizon [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TimeHorizonAxis" xlink:to="label_TimeHorizonAxis" xlink:title="Label : TimeHorizonAxis to label_TimeHorizonAxis" />
    <link:label xlink:type="resource" xlink:label="label_TimeHorizonAxis_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TimeHorizonAxis_1" xml:lang="en-US" id="label_TimeHorizonAxis_1">Time horizon [axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TimeHorizonAxis" xlink:to="label_TimeHorizonAxis_1" xlink:title="Label : TimeHorizonAxis to label_TimeHorizonAxis_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TimeHorizonMember" xlink:label="TimeHorizonMember" xlink:title="TimeHorizonMember" />
    <link:label xlink:type="resource" xlink:label="label_TimeHorizonMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TimeHorizonMember" xml:lang="en-US" id="label_TimeHorizonMember">Time horizon [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TimeHorizonMember" xlink:to="label_TimeHorizonMember" xlink:title="Label : TimeHorizonMember to label_TimeHorizonMember" />
    <link:label xlink:type="resource" xlink:label="label_TimeHorizonMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TimeHorizonMember_1" xml:lang="en-US" id="label_TimeHorizonMember_1">Time horizon [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TimeHorizonMember" xlink:to="label_TimeHorizonMember_1" xlink:title="Label : TimeHorizonMember to label_TimeHorizonMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MediumTermTargetMember" xlink:label="MediumTermTargetMember" xlink:title="MediumTermTargetMember" />
    <link:label xlink:type="resource" xlink:label="label_MediumTermTargetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MediumTermTargetMember" xml:lang="en-US" id="label_MediumTermTargetMember">Medium term target [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MediumTermTargetMember" xlink:to="label_MediumTermTargetMember" xlink:title="Label : MediumTermTargetMember to label_MediumTermTargetMember" />
    <link:label xlink:type="resource" xlink:label="label_MediumTermTargetMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MediumTermTargetMember_1" xml:lang="en-US" id="label_MediumTermTargetMember_1">This member stands for the information pertaining to medium term target, climate change time horizon.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MediumTermTargetMember" xlink:to="label_MediumTermTargetMember_1" xlink:title="Label : MediumTermTargetMember to label_MediumTermTargetMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MediumTermTargetMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MediumTermTargetMember_2" xml:lang="en-US" id="label_MediumTermTargetMember_2">Medium term target [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MediumTermTargetMember" xlink:to="label_MediumTermTargetMember_2" xlink:title="Label : MediumTermTargetMember to label_MediumTermTargetMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DisclosureOfClimateChangeLineItems" xlink:label="DisclosureOfClimateChangeLineItems" xlink:title="DisclosureOfClimateChangeLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClimateChangeLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfClimateChangeLineItems" xml:lang="en-US" id="label_DisclosureOfClimateChangeLineItems">Disclosure of climate change [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClimateChangeLineItems" xlink:to="label_DisclosureOfClimateChangeLineItems" xlink:title="Label : DisclosureOfClimateChangeLineItems to label_DisclosureOfClimateChangeLineItems" />
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfClimateChangeLineItems_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DisclosureOfClimateChangeLineItems_1" xml:lang="en-US" id="label_DisclosureOfClimateChangeLineItems_1">Disclosure of climate change [line items]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfClimateChangeLineItems" xlink:to="label_DisclosureOfClimateChangeLineItems_1" xlink:title="Label : DisclosureOfClimateChangeLineItems to label_DisclosureOfClimateChangeLineItems_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentageOfTargetForReducingCarbonEmissionsIntensity" xlink:label="PercentageOfTargetForReducingCarbonEmissionsIntensity" xlink:title="PercentageOfTargetForReducingCarbonEmissionsIntensity" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfTargetForReducingCarbonEmissionsIntensity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentageOfTargetForReducingCarbonEmissionsIntensity" xml:lang="en-US" id="label_PercentageOfTargetForReducingCarbonEmissionsIntensity">Percentage of target for reducing carbon emissions intensity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfTargetForReducingCarbonEmissionsIntensity" xlink:to="label_PercentageOfTargetForReducingCarbonEmissionsIntensity" xlink:title="Label : PercentageOfTargetForReducingCarbonEmissionsIntensity to label_PercentageOfTargetForReducingCarbonEmissionsIntensity" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfTargetForReducingCarbonEmissionsIntensity_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfTargetForReducingCarbonEmissionsIntensity_1" xml:lang="en-US" id="label_PercentageOfTargetForReducingCarbonEmissionsIntensity_1">The percentage of the target for reducing the intensity of carbon emissions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfTargetForReducingCarbonEmissionsIntensity" xlink:to="label_PercentageOfTargetForReducingCarbonEmissionsIntensity_1" xlink:title="Label : PercentageOfTargetForReducingCarbonEmissionsIntensity to label_PercentageOfTargetForReducingCarbonEmissionsIntensity_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfTargetForReducingCarbonEmissionsIntensity_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfTargetForReducingCarbonEmissionsIntensity_2" xml:lang="en-US" id="label_PercentageOfTargetForReducingCarbonEmissionsIntensity_2">Percentage of target for reducing carbon emissions intensity</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfTargetForReducingCarbonEmissionsIntensity" xlink:to="label_PercentageOfTargetForReducingCarbonEmissionsIntensity_2" xlink:title="Label : PercentageOfTargetForReducingCarbonEmissionsIntensity to label_PercentageOfTargetForReducingCarbonEmissionsIntensity_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PeriodOverClimateRelatedTargetApplies" xlink:label="PeriodOverClimateRelatedTargetApplies" xlink:title="PeriodOverClimateRelatedTargetApplies" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOverClimateRelatedTargetApplies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOverClimateRelatedTargetApplies" xml:lang="en-US" id="label_PeriodOverClimateRelatedTargetApplies">Period over climate-related target applies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOverClimateRelatedTargetApplies" xlink:to="label_PeriodOverClimateRelatedTargetApplies" xlink:title="Label : PeriodOverClimateRelatedTargetApplies to label_PeriodOverClimateRelatedTargetApplies" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOverClimateRelatedTargetApplies_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOverClimateRelatedTargetApplies_1" xml:lang="en-US" id="label_PeriodOverClimateRelatedTargetApplies_1">The description of the period over which the climate-related target applies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOverClimateRelatedTargetApplies" xlink:to="label_PeriodOverClimateRelatedTargetApplies_1" xlink:title="Label : PeriodOverClimateRelatedTargetApplies to label_PeriodOverClimateRelatedTargetApplies_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOverClimateRelatedTargetApplies_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOverClimateRelatedTargetApplies_2" xml:lang="en-US" id="label_PeriodOverClimateRelatedTargetApplies_2">Period over climate-related target applies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOverClimateRelatedTargetApplies" xlink:to="label_PeriodOverClimateRelatedTargetApplies_2" xlink:title="Label : PeriodOverClimateRelatedTargetApplies to label_PeriodOverClimateRelatedTargetApplies_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" xlink:label="BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" xlink:title="BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" />
    <link:label xlink:type="resource" xlink:label="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" xml:lang="en-US" id="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured">Baseline from which progress for climate-related target is measured</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" xlink:to="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" xlink:title="Label : BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured to label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" />
    <link:label xlink:type="resource" xlink:label="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_1" xml:lang="en-US" id="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_1">The description of the baseline from which progress for climate-related target is measured.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" xlink:to="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_1" xlink:title="Label : BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured to label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_1" />
    <link:label xlink:type="resource" xlink:label="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_2" xml:lang="en-US" id="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_2">Baseline from which progress for climate-related target is measured</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured" xlink:to="label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_2" xlink:title="Label : BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured to label_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" xlink:label="CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" xlink:title="CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" xml:lang="en-US" id="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember">Commodities derivative contracts, London Metal Exchange Scrap [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" xlink:to="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" xlink:title="Label : CommoditiesDerivativeContractsLondonMetalExchangeScrapMember to label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_1" xml:lang="en-US" id="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_1">This member stands for the information pertaining to London Metal Exchange Scrap, commodities derivative contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" xlink:to="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_1" xlink:title="Label : CommoditiesDerivativeContractsLondonMetalExchangeScrapMember to label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_2" xml:lang="en-US" id="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_2">Commodities derivative contracts, LME Scrap [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" xlink:to="label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_2" xlink:title="Label : CommoditiesDerivativeContractsLondonMetalExchangeScrapMember to label_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CommoditiesDerivativeContractsIronOreMember" xlink:label="CommoditiesDerivativeContractsIronOreMember" xlink:title="CommoditiesDerivativeContractsIronOreMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsIronOreMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommoditiesDerivativeContractsIronOreMember" xml:lang="en-US" id="label_CommoditiesDerivativeContractsIronOreMember">Commodities derivative contracts, Iron Ore [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsIronOreMember" xlink:to="label_CommoditiesDerivativeContractsIronOreMember" xlink:title="Label : CommoditiesDerivativeContractsIronOreMember to label_CommoditiesDerivativeContractsIronOreMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsIronOreMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommoditiesDerivativeContractsIronOreMember_1" xml:lang="en-US" id="label_CommoditiesDerivativeContractsIronOreMember_1">This member stands for the information pertaining to Iron Ore, commodities derivative contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsIronOreMember" xlink:to="label_CommoditiesDerivativeContractsIronOreMember_1" xlink:title="Label : CommoditiesDerivativeContractsIronOreMember to label_CommoditiesDerivativeContractsIronOreMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsIronOreMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommoditiesDerivativeContractsIronOreMember_2" xml:lang="en-US" id="label_CommoditiesDerivativeContractsIronOreMember_2">Commodities derivative contracts, Iron Ore [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsIronOreMember" xlink:to="label_CommoditiesDerivativeContractsIronOreMember_2" xlink:title="Label : CommoditiesDerivativeContractsIronOreMember to label_CommoditiesDerivativeContractsIronOreMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CommoditiesDerivativeContractsElectricEnergyMember" xlink:label="CommoditiesDerivativeContractsElectricEnergyMember" xlink:title="CommoditiesDerivativeContractsElectricEnergyMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsElectricEnergyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommoditiesDerivativeContractsElectricEnergyMember" xml:lang="en-US" id="label_CommoditiesDerivativeContractsElectricEnergyMember">Commodities derivative contracts, Electric Energy [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsElectricEnergyMember" xlink:to="label_CommoditiesDerivativeContractsElectricEnergyMember" xlink:title="Label : CommoditiesDerivativeContractsElectricEnergyMember to label_CommoditiesDerivativeContractsElectricEnergyMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsElectricEnergyMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommoditiesDerivativeContractsElectricEnergyMember_1" xml:lang="en-US" id="label_CommoditiesDerivativeContractsElectricEnergyMember_1">This member stands for the information pertaining to Electric Energy, commodities derivative contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsElectricEnergyMember" xlink:to="label_CommoditiesDerivativeContractsElectricEnergyMember_1" xlink:title="Label : CommoditiesDerivativeContractsElectricEnergyMember to label_CommoditiesDerivativeContractsElectricEnergyMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsElectricEnergyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommoditiesDerivativeContractsElectricEnergyMember_2" xml:lang="en-US" id="label_CommoditiesDerivativeContractsElectricEnergyMember_2">Commodities derivative contracts, Electric Energy [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsElectricEnergyMember" xlink:to="label_CommoditiesDerivativeContractsElectricEnergyMember_2" xlink:title="Label : CommoditiesDerivativeContractsElectricEnergyMember to label_CommoditiesDerivativeContractsElectricEnergyMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CommoditiesDerivativeContractsTitleTransferFacilityGasMember" xlink:label="CommoditiesDerivativeContractsTitleTransferFacilityGasMember" xlink:title="CommoditiesDerivativeContractsTitleTransferFacilityGasMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember" xml:lang="en-US" id="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember">Commodities derivative contracts, Title Transfer Facility Gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsTitleTransferFacilityGasMember" xlink:to="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember" xlink:title="Label : CommoditiesDerivativeContractsTitleTransferFacilityGasMember to label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_1" xml:lang="en-US" id="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_1">This member stands for the information pertaining to Title Transfer Facility Gas, commodities derivative contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsTitleTransferFacilityGasMember" xlink:to="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_1" xlink:title="Label : CommoditiesDerivativeContractsTitleTransferFacilityGasMember to label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_1" />
    <link:label xlink:type="resource" xlink:label="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_2" xml:lang="en-US" id="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_2">Commodities derivative contracts, TTF Gas [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CommoditiesDerivativeContractsTitleTransferFacilityGasMember" xlink:to="label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_2" xlink:title="Label : CommoditiesDerivativeContractsTitleTransferFacilityGasMember to label_CommoditiesDerivativeContractsTitleTransferFacilityGasMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PurchaseForeignExchangeContractMember" xlink:label="PurchaseForeignExchangeContractMember" xlink:title="PurchaseForeignExchangeContractMember" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseForeignExchangeContractMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PurchaseForeignExchangeContractMember" xml:lang="en-US" id="label_PurchaseForeignExchangeContractMember">Purchase foreign exchange contract [Member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseForeignExchangeContractMember" xlink:to="label_PurchaseForeignExchangeContractMember" xlink:title="Label : PurchaseForeignExchangeContractMember to label_PurchaseForeignExchangeContractMember" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseForeignExchangeContractMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PurchaseForeignExchangeContractMember_1" xml:lang="en-US" id="label_PurchaseForeignExchangeContractMember_1">This member stands for the information pertaining to purchase foreign exchange contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseForeignExchangeContractMember" xlink:to="label_PurchaseForeignExchangeContractMember_1" xlink:title="Label : PurchaseForeignExchangeContractMember to label_PurchaseForeignExchangeContractMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PurchaseForeignExchangeContractMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PurchaseForeignExchangeContractMember_2" xml:lang="en-US" id="label_PurchaseForeignExchangeContractMember_2">Purchase currency [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PurchaseForeignExchangeContractMember" xlink:to="label_PurchaseForeignExchangeContractMember_2" xlink:title="Label : PurchaseForeignExchangeContractMember to label_PurchaseForeignExchangeContractMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherInvestmentsCurrentFundInvestments" xlink:label="OtherInvestmentsCurrentFundInvestments" xlink:title="OtherInvestmentsCurrentFundInvestments" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentFundInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherInvestmentsCurrentFundInvestments" xml:lang="en-US" id="label_OtherInvestmentsCurrentFundInvestments">Other investments current, fund investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentFundInvestments" xlink:to="label_OtherInvestmentsCurrentFundInvestments" xlink:title="Label : OtherInvestmentsCurrentFundInvestments to label_OtherInvestmentsCurrentFundInvestments" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentFundInvestments_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherInvestmentsCurrentFundInvestments_1" xml:lang="en-US" id="label_OtherInvestmentsCurrentFundInvestments_1">The amount of current investment related to fund investments.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentFundInvestments" xlink:to="label_OtherInvestmentsCurrentFundInvestments_1" xlink:title="Label : OtherInvestmentsCurrentFundInvestments to label_OtherInvestmentsCurrentFundInvestments_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherInvestmentsCurrentFundInvestments_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherInvestmentsCurrentFundInvestments_2" xml:lang="en-US" id="label_OtherInvestmentsCurrentFundInvestments_2">Fund investments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherInvestmentsCurrentFundInvestments" xlink:to="label_OtherInvestmentsCurrentFundInvestments_2" xlink:title="Label : OtherInvestmentsCurrentFundInvestments to label_OtherInvestmentsCurrentFundInvestments_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_FinitelivedIntangibleAssetReviewedUsefulLife" xlink:label="FinitelivedIntangibleAssetReviewedUsefulLife" xlink:title="FinitelivedIntangibleAssetReviewedUsefulLife" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetReviewedUsefulLife" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinitelivedIntangibleAssetReviewedUsefulLife" xml:lang="en-US" id="label_FinitelivedIntangibleAssetReviewedUsefulLife">Finite-lived intangible asset, reviewed useful life</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetReviewedUsefulLife" xlink:to="label_FinitelivedIntangibleAssetReviewedUsefulLife" xlink:title="Label : FinitelivedIntangibleAssetReviewedUsefulLife to label_FinitelivedIntangibleAssetReviewedUsefulLife" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetReviewedUsefulLife_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_FinitelivedIntangibleAssetReviewedUsefulLife_1" xml:lang="en-US" id="label_FinitelivedIntangibleAssetReviewedUsefulLife_1">The useful life, measured as period of time, reviewed for intangible assets other than goodwill.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetReviewedUsefulLife" xlink:to="label_FinitelivedIntangibleAssetReviewedUsefulLife_1" xlink:title="Label : FinitelivedIntangibleAssetReviewedUsefulLife to label_FinitelivedIntangibleAssetReviewedUsefulLife_1" />
    <link:label xlink:type="resource" xlink:label="label_FinitelivedIntangibleAssetReviewedUsefulLife_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinitelivedIntangibleAssetReviewedUsefulLife_2" xml:lang="en-US" id="label_FinitelivedIntangibleAssetReviewedUsefulLife_2">Finite-lived intangible asset, reviewed useful life (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinitelivedIntangibleAssetReviewedUsefulLife" xlink:to="label_FinitelivedIntangibleAssetReviewedUsefulLife_2" xlink:title="Label : FinitelivedIntangibleAssetReviewedUsefulLife to label_FinitelivedIntangibleAssetReviewedUsefulLife_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:label="UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:title="UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xml:lang="en-US" id="label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill">Useful life measured as period of time, intangible assets other than goodwill</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:to="label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:title="Label : UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill to label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" />
    <link:label xlink:type="resource" xlink:label="label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_1" xml:lang="en-US" id="label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_1">Intangible assets other than goodwill, useful life (Year)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:to="label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_1" xlink:title="Label : UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill to label_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_UsDollarBrazilianRealForeignExchangeRiskMember" xlink:label="UsDollarBrazilianRealForeignExchangeRiskMember" xlink:title="UsDollarBrazilianRealForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_UsDollarBrazilianRealForeignExchangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_UsDollarBrazilianRealForeignExchangeRiskMember" xml:lang="en-US" id="label_UsDollarBrazilianRealForeignExchangeRiskMember">U.S. dollar / Brazilian Real foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsDollarBrazilianRealForeignExchangeRiskMember" xlink:to="label_UsDollarBrazilianRealForeignExchangeRiskMember" xlink:title="Label : UsDollarBrazilianRealForeignExchangeRiskMember to label_UsDollarBrazilianRealForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_UsDollarBrazilianRealForeignExchangeRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_UsDollarBrazilianRealForeignExchangeRiskMember_1" xml:lang="en-US" id="label_UsDollarBrazilianRealForeignExchangeRiskMember_1">This member stands for the information pertaining to U.S. dollar / Brazilian Real foreign exchange risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsDollarBrazilianRealForeignExchangeRiskMember" xlink:to="label_UsDollarBrazilianRealForeignExchangeRiskMember_1" xlink:title="Label : UsDollarBrazilianRealForeignExchangeRiskMember to label_UsDollarBrazilianRealForeignExchangeRiskMember_1" />
    <link:label xlink:type="resource" xlink:label="label_UsDollarBrazilianRealForeignExchangeRiskMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_UsDollarBrazilianRealForeignExchangeRiskMember_2" xml:lang="en-US" id="label_UsDollarBrazilianRealForeignExchangeRiskMember_2">U.S. dollar / Brazilian Real foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="UsDollarBrazilianRealForeignExchangeRiskMember" xlink:to="label_UsDollarBrazilianRealForeignExchangeRiskMember_2" xlink:title="Label : UsDollarBrazilianRealForeignExchangeRiskMember to label_UsDollarBrazilianRealForeignExchangeRiskMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" xlink:label="OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" xlink:title="OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" xml:lang="en-US" id="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember">One percent change, Brazilian Real / U.S. dollar foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" xlink:title="Label : OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember to label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_1" xml:lang="en-US" id="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_1">This member stands for the information pertaining to one percent change in Brazilian Real / U.S. dollar foreign exchange risk.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_1" xlink:title="Label : OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember to label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_2" xml:lang="en-US" id="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_2">One percent change, Brazilian Real / U.S. dollar foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_2" xlink:title="Label : OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember to label_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentTradeReceivables_4" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:title="label_CurrentTradeReceivables_4" xml:lang="en-US" id="label_CurrentTradeReceivables_4">Net receivables</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentTradeReceivables" xlink:to="label_CurrentTradeReceivables_4" xlink:title="Label : CurrentTradeReceivables to label_CurrentTradeReceivables_4" />
    <link:label xlink:type="resource" xlink:label="label_Level3OfFairValueHierarchyMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_Level3OfFairValueHierarchyMember_1" xml:lang="en-US" id="label_Level3OfFairValueHierarchyMember_1">Level 3 [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Level3OfFairValueHierarchyMember" xlink:to="label_Level3OfFairValueHierarchyMember_1" xlink:title="Label : Level3OfFairValueHierarchyMember to label_Level3OfFairValueHierarchyMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MutualFundFinancialInstrumentMember" xlink:label="MutualFundFinancialInstrumentMember" xlink:title="MutualFundFinancialInstrumentMember" />
    <link:label xlink:type="resource" xlink:label="label_MutualFundFinancialInstrumentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MutualFundFinancialInstrumentMember" xml:lang="en-US" id="label_MutualFundFinancialInstrumentMember">Mutual fund financial instruments [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MutualFundFinancialInstrumentMember" xlink:to="label_MutualFundFinancialInstrumentMember" xlink:title="Label : MutualFundFinancialInstrumentMember to label_MutualFundFinancialInstrumentMember" />
    <link:label xlink:type="resource" xlink:label="label_MutualFundFinancialInstrumentMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MutualFundFinancialInstrumentMember_1" xml:lang="en-US" id="label_MutualFundFinancialInstrumentMember_1">This member stands for the information pertaining to Securities classified as Mutual Fund.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MutualFundFinancialInstrumentMember" xlink:to="label_MutualFundFinancialInstrumentMember_1" xlink:title="Label : MutualFundFinancialInstrumentMember to label_MutualFundFinancialInstrumentMember_1" />
    <link:label xlink:type="resource" xlink:label="label_MutualFundFinancialInstrumentMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MutualFundFinancialInstrumentMember_2" xml:lang="en-US" id="label_MutualFundFinancialInstrumentMember_2">Mutual Fund [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MutualFundFinancialInstrumentMember" xlink:to="label_MutualFundFinancialInstrumentMember_2" xlink:title="Label : MutualFundFinancialInstrumentMember to label_MutualFundFinancialInstrumentMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ProfitLossFromOperatingActivities_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProfitLossFromOperatingActivities_3" xml:lang="en-US" id="label_ProfitLossFromOperatingActivities_3">Operating income (loss)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProfitLossFromOperatingActivities" xlink:to="label_ProfitLossFromOperatingActivities_3" xlink:title="Label : ProfitLossFromOperatingActivities to label_ProfitLossFromOperatingActivities_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" xlink:label="ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" xlink:title="ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" xml:lang="en-US" id="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies">Impairment loss recognised in profit or loss in non-consolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" xlink:to="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" xlink:title="Label : ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies to label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_1" xml:lang="en-US" id="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_1">The amount of impairment loss recognised in profit or loss in non-consolidated companies.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" xlink:to="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_1" xlink:title="Label : ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies to label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_1" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_2" xml:lang="en-US" id="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_2">Impairment loss in non-consolidated companies</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" xlink:to="label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_2" xlink:title="Label : ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies to label_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EewMember" xlink:label="EewMember" xlink:title="EewMember" />
    <link:label xlink:type="resource" xlink:label="label_EewMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EewMember" xml:lang="en-US" id="label_EewMember">EEW [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EewMember" xlink:to="label_EewMember" xlink:title="Label : EewMember to label_EewMember" />
    <link:label xlink:type="resource" xlink:label="label_EewMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EewMember_1" xml:lang="en-US" id="label_EewMember_1">This member stands for the information pertaining to EEW.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EewMember" xlink:to="label_EewMember_1" xlink:title="Label : EewMember to label_EewMember_1" />
    <link:label xlink:type="resource" xlink:label="label_EewMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_EewMember_2" xml:lang="en-US" id="label_EewMember_2">EEW [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EewMember" xlink:to="label_EewMember_2" xlink:title="Label : EewMember to label_EewMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_WriteDownsOfInvestment" xlink:label="WriteDownsOfInvestment" xlink:title="WriteDownsOfInvestment" />
    <link:label xlink:type="resource" xlink:label="label_WriteDownsOfInvestment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_WriteDownsOfInvestment" xml:lang="en-US" id="label_WriteDownsOfInvestment">Write-downs of investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WriteDownsOfInvestment" xlink:to="label_WriteDownsOfInvestment" xlink:title="Label : WriteDownsOfInvestment to label_WriteDownsOfInvestment" />
    <link:label xlink:type="resource" xlink:label="label_WriteDownsOfInvestment_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_WriteDownsOfInvestment_1" xml:lang="en-US" id="label_WriteDownsOfInvestment_1">The amount recognised resulting from the write-down of investment.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WriteDownsOfInvestment" xlink:to="label_WriteDownsOfInvestment_1" xlink:title="Label : WriteDownsOfInvestment to label_WriteDownsOfInvestment_1" />
    <link:label xlink:type="resource" xlink:label="label_WriteDownsOfInvestment_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_WriteDownsOfInvestment_2" xml:lang="en-US" id="label_WriteDownsOfInvestment_2">Write-downs of investment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WriteDownsOfInvestment" xlink:to="label_WriteDownsOfInvestment_2" xlink:title="Label : WriteDownsOfInvestment to label_WriteDownsOfInvestment_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PeriodOverWhichManagementHasProjectedCashFlows" xlink:label="PeriodOverWhichManagementHasProjectedCashFlows" xlink:title="PeriodOverWhichManagementHasProjectedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOverWhichManagementHasProjectedCashFlows" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PeriodOverWhichManagementHasProjectedCashFlows" xml:lang="en-US" id="label_PeriodOverWhichManagementHasProjectedCashFlows">Period over which management has projected cash flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOverWhichManagementHasProjectedCashFlows" xlink:to="label_PeriodOverWhichManagementHasProjectedCashFlows" xlink:title="Label : PeriodOverWhichManagementHasProjectedCashFlows to label_PeriodOverWhichManagementHasProjectedCashFlows" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOverWhichManagementHasProjectedCashFlows_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PeriodOverWhichManagementHasProjectedCashFlows_1" xml:lang="en-US" id="label_PeriodOverWhichManagementHasProjectedCashFlows_1">Period over which management has projected cash flows based on financial budgets/forecasts approved by management.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOverWhichManagementHasProjectedCashFlows" xlink:to="label_PeriodOverWhichManagementHasProjectedCashFlows_1" xlink:title="Label : PeriodOverWhichManagementHasProjectedCashFlows to label_PeriodOverWhichManagementHasProjectedCashFlows_1" />
    <link:label xlink:type="resource" xlink:label="label_PeriodOverWhichManagementHasProjectedCashFlows_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PeriodOverWhichManagementHasProjectedCashFlows_2" xml:lang="en-US" id="label_PeriodOverWhichManagementHasProjectedCashFlows_2">Period over which management has projected cash flows</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PeriodOverWhichManagementHasProjectedCashFlows" xlink:to="label_PeriodOverWhichManagementHasProjectedCashFlows_2" xlink:title="Label : PeriodOverWhichManagementHasProjectedCashFlows to label_PeriodOverWhichManagementHasProjectedCashFlows_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProportionOfOwnershipInterestPurchaseInAssociate" xlink:label="ProportionOfOwnershipInterestPurchaseInAssociate" xlink:title="ProportionOfOwnershipInterestPurchaseInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestPurchaseInAssociate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProportionOfOwnershipInterestPurchaseInAssociate" xml:lang="en-US" id="label_ProportionOfOwnershipInterestPurchaseInAssociate">Proportion of ownership interest in associate after acquisitions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestPurchaseInAssociate" xlink:to="label_ProportionOfOwnershipInterestPurchaseInAssociate" xlink:title="Label : ProportionOfOwnershipInterestPurchaseInAssociate to label_ProportionOfOwnershipInterestPurchaseInAssociate" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestPurchaseInAssociate_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProportionOfOwnershipInterestPurchaseInAssociate_1" xml:lang="en-US" id="label_ProportionOfOwnershipInterestPurchaseInAssociate_1">The proportion of ownership interest after acquisitions in a joint operation attributable to the entity.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestPurchaseInAssociate" xlink:to="label_ProportionOfOwnershipInterestPurchaseInAssociate_1" xlink:title="Label : ProportionOfOwnershipInterestPurchaseInAssociate to label_ProportionOfOwnershipInterestPurchaseInAssociate_1" />
    <link:label xlink:type="resource" xlink:label="label_ProportionOfOwnershipInterestPurchaseInAssociate_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProportionOfOwnershipInterestPurchaseInAssociate_2" xml:lang="en-US" id="label_ProportionOfOwnershipInterestPurchaseInAssociate_2">Proportion of ownership interest in associate after acquisitions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProportionOfOwnershipInterestPurchaseInAssociate" xlink:to="label_ProportionOfOwnershipInterestPurchaseInAssociate_2" xlink:title="Label : ProportionOfOwnershipInterestPurchaseInAssociate to label_ProportionOfOwnershipInterestPurchaseInAssociate_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncreaseInCorporateGuaranteeCoveringObligations" xlink:label="IncreaseInCorporateGuaranteeCoveringObligations" xlink:title="IncreaseInCorporateGuaranteeCoveringObligations" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseInCorporateGuaranteeCoveringObligations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncreaseInCorporateGuaranteeCoveringObligations" xml:lang="en-US" id="label_IncreaseInCorporateGuaranteeCoveringObligations">Increase in corporate guarantee covering obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInCorporateGuaranteeCoveringObligations" xlink:to="label_IncreaseInCorporateGuaranteeCoveringObligations" xlink:title="Label : IncreaseInCorporateGuaranteeCoveringObligations to label_IncreaseInCorporateGuaranteeCoveringObligations" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseInCorporateGuaranteeCoveringObligations_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncreaseInCorporateGuaranteeCoveringObligations_1" xml:lang="en-US" id="label_IncreaseInCorporateGuaranteeCoveringObligations_1">The amount of increase in corporate guarantee that covers obligations made under a loan agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInCorporateGuaranteeCoveringObligations" xlink:to="label_IncreaseInCorporateGuaranteeCoveringObligations_1" xlink:title="Label : IncreaseInCorporateGuaranteeCoveringObligations to label_IncreaseInCorporateGuaranteeCoveringObligations_1" />
    <link:label xlink:type="resource" xlink:label="label_IncreaseInCorporateGuaranteeCoveringObligations_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncreaseInCorporateGuaranteeCoveringObligations_2" xml:lang="en-US" id="label_IncreaseInCorporateGuaranteeCoveringObligations_2">Increase in corporate guarantee covering obligations</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncreaseInCorporateGuaranteeCoveringObligations" xlink:to="label_IncreaseInCorporateGuaranteeCoveringObligations_2" xlink:title="Label : IncreaseInCorporateGuaranteeCoveringObligations to label_IncreaseInCorporateGuaranteeCoveringObligations_2" />
    <link:label xlink:type="resource" xlink:label="label_DividendsDeclaredByNonconsolidatedCompanies_3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DividendsDeclaredByNonconsolidatedCompanies_3" xml:lang="en-US" id="label_DividendsDeclaredByNonconsolidatedCompanies_3">Dividends and distributions declared</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DividendsDeclaredByNonconsolidatedCompanies" xlink:to="label_DividendsDeclaredByNonconsolidatedCompanies_3" xlink:title="Label : DividendsDeclaredByNonconsolidatedCompanies to label_DividendsDeclaredByNonconsolidatedCompanies_3" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_3" xml:lang="en-US" id="label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_3">Less impairment charges (non-deductible)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_3" xlink:title="Label : ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss to label_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LaterThanThreeYearsMember" xlink:label="LaterThanThreeYearsMember" xlink:title="LaterThanThreeYearsMember" />
    <link:label xlink:type="resource" xlink:label="label_LaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_LaterThanThreeYearsMember" xml:lang="en-US" id="label_LaterThanThreeYearsMember">Later than three years [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LaterThanThreeYearsMember" xlink:to="label_LaterThanThreeYearsMember" xlink:title="Label : LaterThanThreeYearsMember to label_LaterThanThreeYearsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TubosDelCaribeMember" xlink:label="TubosDelCaribeMember" xlink:title="TubosDelCaribeMember" />
    <link:label xlink:type="resource" xlink:label="label_TubosDelCaribeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TubosDelCaribeMember" xml:lang="en-US" id="label_TubosDelCaribeMember">Tubos del Caribe [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubosDelCaribeMember" xlink:to="label_TubosDelCaribeMember" xlink:title="Label : TubosDelCaribeMember to label_TubosDelCaribeMember" />
    <link:label xlink:type="resource" xlink:label="label_TubosDelCaribeMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TubosDelCaribeMember_1" xml:lang="en-US" id="label_TubosDelCaribeMember_1">This member stands for the information pertaining to Tubos del Caribe.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubosDelCaribeMember" xlink:to="label_TubosDelCaribeMember_1" xlink:title="Label : TubosDelCaribeMember to label_TubosDelCaribeMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TubosDelCaribeMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TubosDelCaribeMember_2" xml:lang="en-US" id="label_TubosDelCaribeMember_2">Tubos del Caribe [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TubosDelCaribeMember" xlink:to="label_TubosDelCaribeMember_2" xlink:title="Label : TubosDelCaribeMember to label_TubosDelCaribeMember_2" />
    <link:label xlink:type="resource" xlink:label="label_ArgentineSovereignBondsMember_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_ArgentineSovereignBondsMember_3" xml:lang="en-US" id="label_ArgentineSovereignBondsMember_3">Argentine sovereign bonds [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ArgentineSovereignBondsMember" xlink:to="label_ArgentineSovereignBondsMember_3" xlink:title="Label : ArgentineSovereignBondsMember to label_ArgentineSovereignBondsMember_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_DistributionOfDividendInKind" xlink:label="DistributionOfDividendInKind" xlink:title="DistributionOfDividendInKind" />
    <link:label xlink:type="resource" xlink:label="label_DistributionOfDividendInKind" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DistributionOfDividendInKind" xml:lang="en-US" id="label_DistributionOfDividendInKind">Distribution of dividend in kind</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributionOfDividendInKind" xlink:to="label_DistributionOfDividendInKind" xlink:title="Label : DistributionOfDividendInKind to label_DistributionOfDividendInKind" />
    <link:label xlink:type="resource" xlink:label="label_DistributionOfDividendInKind_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_DistributionOfDividendInKind_1" xml:lang="en-US" id="label_DistributionOfDividendInKind_1">The amount of distribution of dividend in kind.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributionOfDividendInKind" xlink:to="label_DistributionOfDividendInKind_1" xlink:title="Label : DistributionOfDividendInKind to label_DistributionOfDividendInKind_1" />
    <link:label xlink:type="resource" xlink:label="label_DistributionOfDividendInKind_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_DistributionOfDividendInKind_2" xml:lang="en-US" id="label_DistributionOfDividendInKind_2">Distribution of dividend in kind</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DistributionOfDividendInKind" xlink:to="label_DistributionOfDividendInKind_2" xlink:title="Label : DistributionOfDividendInKind to label_DistributionOfDividendInKind_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:label="FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:title="FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xml:lang="en-US" id="label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue">Financial instrument, market valuation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:to="label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:title="Label : FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue to label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" />
    <link:label xlink:type="resource" xlink:label="label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_1" xml:lang="en-US" id="label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_1">Financial instruments designated as hedging instruments, at fair value</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:to="label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_1" xlink:title="Label : FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue to label_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnHedgingInstrument" xlink:label="GainsLossesOnHedgingInstrument" xlink:title="GainsLossesOnHedgingInstrument" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnHedgingInstrument" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnHedgingInstrument" xml:lang="en-US" id="label_GainsLossesOnHedgingInstrument">Gains (losses) on hedging instrument, fair value hedges</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnHedgingInstrument" xlink:to="label_GainsLossesOnHedgingInstrument" xlink:title="Label : GainsLossesOnHedgingInstrument to label_GainsLossesOnHedgingInstrument" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" xlink:label="ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" xlink:title="ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" xml:lang="en-US" id="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember">Contingent liability for disgorgement and prejudgment interest [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" xlink:to="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" xlink:title="Label : ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember to label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_1" xml:lang="en-US" id="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_1">This member stands for the information pertaining to contingent liability for disgorgement and prejudgment interest.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" xlink:to="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_1" xlink:title="Label : ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember to label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_2" xml:lang="en-US" id="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_2">Contingent liability for disgorgement and prejudgment interest [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" xlink:to="label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_2" xlink:title="Label : ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember to label_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ContingentLiabilityForCivilPenaltyMember" xlink:label="ContingentLiabilityForCivilPenaltyMember" xlink:title="ContingentLiabilityForCivilPenaltyMember" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilityForCivilPenaltyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ContingentLiabilityForCivilPenaltyMember" xml:lang="en-US" id="label_ContingentLiabilityForCivilPenaltyMember">Contingent liability for civil penalty [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilityForCivilPenaltyMember" xlink:to="label_ContingentLiabilityForCivilPenaltyMember" xlink:title="Label : ContingentLiabilityForCivilPenaltyMember to label_ContingentLiabilityForCivilPenaltyMember" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilityForCivilPenaltyMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ContingentLiabilityForCivilPenaltyMember_1" xml:lang="en-US" id="label_ContingentLiabilityForCivilPenaltyMember_1">This member stands for the information pertaining to contingent liability for civil penalty.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilityForCivilPenaltyMember" xlink:to="label_ContingentLiabilityForCivilPenaltyMember_1" xlink:title="Label : ContingentLiabilityForCivilPenaltyMember to label_ContingentLiabilityForCivilPenaltyMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ContingentLiabilityForCivilPenaltyMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ContingentLiabilityForCivilPenaltyMember_2" xml:lang="en-US" id="label_ContingentLiabilityForCivilPenaltyMember_2">Contingent liability for civil penalty [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ContingentLiabilityForCivilPenaltyMember" xlink:to="label_ContingentLiabilityForCivilPenaltyMember_2" xlink:title="Label : ContingentLiabilityForCivilPenaltyMember to label_ContingentLiabilityForCivilPenaltyMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PetroleoBrasileiroSaMember" xlink:label="PetroleoBrasileiroSaMember" xlink:title="PetroleoBrasileiroSaMember" />
    <link:label xlink:type="resource" xlink:label="label_PetroleoBrasileiroSaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PetroleoBrasileiroSaMember" xml:lang="en-US" id="label_PetroleoBrasileiroSaMember">Petroleo Brasileiro S.A. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PetroleoBrasileiroSaMember" xlink:to="label_PetroleoBrasileiroSaMember" xlink:title="Label : PetroleoBrasileiroSaMember to label_PetroleoBrasileiroSaMember" />
    <link:label xlink:type="resource" xlink:label="label_PetroleoBrasileiroSaMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PetroleoBrasileiroSaMember_1" xml:lang="en-US" id="label_PetroleoBrasileiroSaMember_1">This member stands for the information pertaining to Petroleo Brasileiro S.A. (&#x201C;Petrobras&#x201D;).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PetroleoBrasileiroSaMember" xlink:to="label_PetroleoBrasileiroSaMember_1" xlink:title="Label : PetroleoBrasileiroSaMember to label_PetroleoBrasileiroSaMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PetroleoBrasileiroSaMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PetroleoBrasileiroSaMember_2" xml:lang="en-US" id="label_PetroleoBrasileiroSaMember_2">Petr&#xF3;leo Brasileiro S.A. (&#x201C;Petrobras&#x201D;) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PetroleoBrasileiroSaMember" xlink:to="label_PetroleoBrasileiroSaMember_2" xlink:title="Label : PetroleoBrasileiroSaMember to label_PetroleoBrasileiroSaMember_2" />
    <link:label xlink:type="resource" xlink:label="label_LU_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LU_1" xml:lang="en-US" id="label_LU_1">Luxembourg</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LU" xlink:to="label_LU_1" xlink:title="Label : LU to label_LU_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_VestasGroupMember" xlink:label="VestasGroupMember" xlink:title="VestasGroupMember" />
    <link:label xlink:type="resource" xlink:label="label_VestasGroupMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_VestasGroupMember" xml:lang="en-US" id="label_VestasGroupMember">Vestas Group [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VestasGroupMember" xlink:to="label_VestasGroupMember" xlink:title="Label : VestasGroupMember to label_VestasGroupMember" />
    <link:label xlink:type="resource" xlink:label="label_VestasGroupMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_VestasGroupMember_1" xml:lang="en-US" id="label_VestasGroupMember_1">This member stands for the information pertaining to Vestas Group.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="VestasGroupMember" xlink:to="label_VestasGroupMember_1" xlink:title="Label : VestasGroupMember to label_VestasGroupMember_1" />
    <link:label xlink:type="resource" xlink:label="label_VestasGroupMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_VestasGroupMember_2" xml:lang="en-US" id="label_VestasGroupMember_2">Vestas Group [member]</link:label>
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    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TerniumUsaIncMember" xlink:label="TerniumUsaIncMember" xlink:title="TerniumUsaIncMember" />
    <link:label xlink:type="resource" xlink:label="label_TerniumUsaIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TerniumUsaIncMember" xml:lang="en-US" id="label_TerniumUsaIncMember">Ternium USA, Inc. [member]</link:label>
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    <link:label xlink:type="resource" xlink:label="label_TerniumUsaIncMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TerniumUsaIncMember_1" xml:lang="en-US" id="label_TerniumUsaIncMember_1">This member stands for the information pertaining to Ternium USA, Inc.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumUsaIncMember" xlink:to="label_TerniumUsaIncMember_1" xlink:title="Label : TerniumUsaIncMember to label_TerniumUsaIncMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TerniumUsaIncMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TerniumUsaIncMember_2" xml:lang="en-US" id="label_TerniumUsaIncMember_2">Ternium USA, Inc. [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TerniumUsaIncMember" xlink:to="label_TerniumUsaIncMember_2" xlink:title="Label : TerniumUsaIncMember to label_TerniumUsaIncMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PresidenteNestorKirchnerGasPipelineMember" xlink:label="PresidenteNestorKirchnerGasPipelineMember" xlink:title="PresidenteNestorKirchnerGasPipelineMember" />
    <link:label xlink:type="resource" xlink:label="label_PresidenteNestorKirchnerGasPipelineMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PresidenteNestorKirchnerGasPipelineMember" xml:lang="en-US" id="label_PresidenteNestorKirchnerGasPipelineMember">Presidente Nestor Kirchner Gas Pipeline [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PresidenteNestorKirchnerGasPipelineMember" xlink:to="label_PresidenteNestorKirchnerGasPipelineMember" xlink:title="Label : PresidenteNestorKirchnerGasPipelineMember to label_PresidenteNestorKirchnerGasPipelineMember" />
    <link:label xlink:type="resource" xlink:label="label_PresidenteNestorKirchnerGasPipelineMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PresidenteNestorKirchnerGasPipelineMember_1" xml:lang="en-US" id="label_PresidenteNestorKirchnerGasPipelineMember_1">This member stands for the information pertaining to Presidente Nestor Kirchner Gas Pipeline (&#x201C;GPNK&#x201D;).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PresidenteNestorKirchnerGasPipelineMember" xlink:to="label_PresidenteNestorKirchnerGasPipelineMember_1" xlink:title="Label : PresidenteNestorKirchnerGasPipelineMember to label_PresidenteNestorKirchnerGasPipelineMember_1" />
    <link:label xlink:type="resource" xlink:label="label_PresidenteNestorKirchnerGasPipelineMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PresidenteNestorKirchnerGasPipelineMember_2" xml:lang="en-US" id="label_PresidenteNestorKirchnerGasPipelineMember_2">Presidente Nestor Kirchner Gas Pipeline (&#x201C;GPNK&#x201D;) [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PresidenteNestorKirchnerGasPipelineMember" xlink:to="label_PresidenteNestorKirchnerGasPipelineMember_2" xlink:title="Label : PresidenteNestorKirchnerGasPipelineMember to label_PresidenteNestorKirchnerGasPipelineMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentOfMinimumTransferOfNetProfitToLegalReserve" xlink:label="PercentOfMinimumTransferOfNetProfitToLegalReserve" xlink:title="PercentOfMinimumTransferOfNetProfitToLegalReserve" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfMinimumTransferOfNetProfitToLegalReserve" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentOfMinimumTransferOfNetProfitToLegalReserve" xml:lang="en-US" id="label_PercentOfMinimumTransferOfNetProfitToLegalReserve">Percent of minimum transfer of net profit to legal reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfMinimumTransferOfNetProfitToLegalReserve" xlink:to="label_PercentOfMinimumTransferOfNetProfitToLegalReserve" xlink:title="Label : PercentOfMinimumTransferOfNetProfitToLegalReserve to label_PercentOfMinimumTransferOfNetProfitToLegalReserve" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfMinimumTransferOfNetProfitToLegalReserve_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentOfMinimumTransferOfNetProfitToLegalReserve_1" xml:lang="en-US" id="label_PercentOfMinimumTransferOfNetProfitToLegalReserve_1">The proportion of minimum transfer of net profit to legal reserve.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfMinimumTransferOfNetProfitToLegalReserve" xlink:to="label_PercentOfMinimumTransferOfNetProfitToLegalReserve_1" xlink:title="Label : PercentOfMinimumTransferOfNetProfitToLegalReserve to label_PercentOfMinimumTransferOfNetProfitToLegalReserve_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfMinimumTransferOfNetProfitToLegalReserve_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentOfMinimumTransferOfNetProfitToLegalReserve_2" xml:lang="en-US" id="label_PercentOfMinimumTransferOfNetProfitToLegalReserve_2">Percent of minimum transfer of net profit to legal reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfMinimumTransferOfNetProfitToLegalReserve" xlink:to="label_PercentOfMinimumTransferOfNetProfitToLegalReserve_2" xlink:title="Label : PercentOfMinimumTransferOfNetProfitToLegalReserve to label_PercentOfMinimumTransferOfNetProfitToLegalReserve_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" xlink:label="PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" xlink:title="PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" xml:lang="en-US" id="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital">Percent of minimum transfer of net profit until legal reserve equals issued share capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" xlink:to="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" xlink:title="Label : PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital to label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_1" xml:lang="en-US" id="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_1">The proportion of minimum transfer of net profit until legal reserve equals issued share capital.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" xlink:to="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_1" xlink:title="Label : PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital to label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_2" xml:lang="en-US" id="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_2">Percent of minimum transfer of net profit until legal reserve equals issued share capital</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital" xlink:to="label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_2" xlink:title="Label : PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital to label_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital_2" />
    <link:label xlink:type="resource" xlink:label="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_2" xml:lang="en-US" id="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_2">Reclassification of currency translation adjustment reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_2" xlink:title="Label : ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax to label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_2" />
    <link:label xlink:type="resource" xlink:label="label_TaxExpenseIncomeAtApplicableTaxRate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxExpenseIncomeAtApplicableTaxRate_1" xml:lang="en-US" id="label_TaxExpenseIncomeAtApplicableTaxRate_1">Tax expense (income) at applicable tax rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxExpenseIncomeAtApplicableTaxRate" xlink:to="label_TaxExpenseIncomeAtApplicableTaxRate_1" xlink:title="Label : TaxExpenseIncomeAtApplicableTaxRate to label_TaxExpenseIncomeAtApplicableTaxRate_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxEffectFromChangeInTaxRate_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxEffectFromChangeInTaxRate_1" xml:lang="en-US" id="label_TaxEffectFromChangeInTaxRate_1">Tax effect from change in tax rate</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxEffectFromChangeInTaxRate" xlink:to="label_TaxEffectFromChangeInTaxRate_1" xlink:title="Label : TaxEffectFromChangeInTaxRate to label_TaxEffectFromChangeInTaxRate_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxEffectOfTaxLosses_1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxEffectOfTaxLosses_1" xml:lang="en-US" id="label_TaxEffectOfTaxLosses_1">Tax effect of tax losses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxEffectOfTaxLosses" xlink:to="label_TaxEffectOfTaxLosses_1" xlink:title="Label : TaxEffectOfTaxLosses to label_TaxEffectOfTaxLosses_1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:label="IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:title="IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xml:lang="en-US" id="label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome">Income tax relating to exchange differences on translation of foreign operations included in other comprehensive income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:to="label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:title="Label : IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome to label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_1" xml:lang="en-US" id="label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_1">Effect of currency translation on tax base</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome" xlink:to="label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_1" xlink:title="Label : IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome to label_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_1" />
    <link:label xlink:type="resource" xlink:label="label_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_3" xml:lang="en-US" id="label_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_3">Decrease (increase) in net defined benefit liability (asset) resulting from payments from plan</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:to="label_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_3" xlink:title="Label : PaymentsFromPlanNetDefinedBenefitLiabilityAsset to label_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_StatementGeographicalAxis" xlink:label="StatementGeographicalAxis" xlink:title="StatementGeographicalAxis" />
    <link:label xlink:type="resource" xlink:label="label_StatementGeographicalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_StatementGeographicalAxis" xml:lang="en-US" id="label_StatementGeographicalAxis">Geographical [Axis]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="StatementGeographicalAxis" xlink:to="label_StatementGeographicalAxis" xlink:title="Label : StatementGeographicalAxis to label_StatementGeographicalAxis" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_SegmentGeographicalDomain" xlink:label="SegmentGeographicalDomain" xlink:title="SegmentGeographicalDomain" />
    <link:label xlink:type="resource" xlink:label="label_SegmentGeographicalDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_SegmentGeographicalDomain" xml:lang="en-US" id="label_SegmentGeographicalDomain">Geographical [Domain]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SegmentGeographicalDomain" xlink:to="label_SegmentGeographicalDomain" xlink:title="Label : SegmentGeographicalDomain to label_SegmentGeographicalDomain" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ProvisionUsedOtherProvisionsMovements" xlink:label="ProvisionUsedOtherProvisionsMovements" xlink:title="ProvisionUsedOtherProvisionsMovements" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionUsedOtherProvisionsMovements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionUsedOtherProvisionsMovements" xml:lang="en-US" id="label_ProvisionUsedOtherProvisionsMovements">Provision used other provisions movements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionUsedOtherProvisionsMovements" xlink:to="label_ProvisionUsedOtherProvisionsMovements" xlink:title="Label : ProvisionUsedOtherProvisionsMovements to label_ProvisionUsedOtherProvisionsMovements" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionUsedOtherProvisionsMovements_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ProvisionUsedOtherProvisionsMovements_1" xml:lang="en-US" id="label_ProvisionUsedOtherProvisionsMovements_1">Used and other movements</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionUsedOtherProvisionsMovements" xlink:to="label_ProvisionUsedOtherProvisionsMovements_1" xlink:title="Label : ProvisionUsedOtherProvisionsMovements to label_ProvisionUsedOtherProvisionsMovements_1" />
    <link:label xlink:type="resource" xlink:label="label_ProvisionUsedOtherProvisionsMovements_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ProvisionUsedOtherProvisionsMovements_2" xml:lang="en-US" id="label_ProvisionUsedOtherProvisionsMovements_2">The amount used (ie incurred and charged against the provision) and other provisions movements.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionUsedOtherProvisionsMovements" xlink:to="label_ProvisionUsedOtherProvisionsMovements_2" xlink:title="Label : ProvisionUsedOtherProvisionsMovements to label_ProvisionUsedOtherProvisionsMovements_2" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_1" xml:lang="en-US" id="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_1">One percent change, All foreign exchange exposure vs USD dollar foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_1" xlink:title="Label : OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember to label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_2" xml:lang="en-US" id="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_2">One percent change, All foreign exchange exposure vs USD dollar foreign exchange risk [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" xlink:to="label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_2" xlink:title="Label : OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember to label_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember_2" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesToBePurchasedUnderAgreement_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NumberOfSharesToBePurchasedUnderAgreement_2" xml:lang="en-US" id="label_NumberOfSharesToBePurchasedUnderAgreement_2">Number of shares to be purchased under agreement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfSharesToBePurchasedUnderAgreement" xlink:to="label_NumberOfSharesToBePurchasedUnderAgreement_2" xlink:title="Label : NumberOfSharesToBePurchasedUnderAgreement to label_NumberOfSharesToBePurchasedUnderAgreement_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ForeignExchangeAndCommoditiesDerivativesContractsMember" xlink:label="ForeignExchangeAndCommoditiesDerivativesContractsMember" xlink:title="ForeignExchangeAndCommoditiesDerivativesContractsMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeAndCommoditiesDerivativesContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ForeignExchangeAndCommoditiesDerivativesContractsMember" xml:lang="en-US" id="label_ForeignExchangeAndCommoditiesDerivativesContractsMember">Foreign exchange and commodities derivatives contracts [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeAndCommoditiesDerivativesContractsMember" xlink:to="label_ForeignExchangeAndCommoditiesDerivativesContractsMember" xlink:title="Label : ForeignExchangeAndCommoditiesDerivativesContractsMember to label_ForeignExchangeAndCommoditiesDerivativesContractsMember" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeAndCommoditiesDerivativesContractsMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ForeignExchangeAndCommoditiesDerivativesContractsMember_1" xml:lang="en-US" id="label_ForeignExchangeAndCommoditiesDerivativesContractsMember_1">This member stands for the information pertaining to foreign exchange and commodities derivatives contracts.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeAndCommoditiesDerivativesContractsMember" xlink:to="label_ForeignExchangeAndCommoditiesDerivativesContractsMember_1" xlink:title="Label : ForeignExchangeAndCommoditiesDerivativesContractsMember to label_ForeignExchangeAndCommoditiesDerivativesContractsMember_1" />
    <link:label xlink:type="resource" xlink:label="label_ForeignExchangeAndCommoditiesDerivativesContractsMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ForeignExchangeAndCommoditiesDerivativesContractsMember_2" xml:lang="en-US" id="label_ForeignExchangeAndCommoditiesDerivativesContractsMember_2">Foreign Exchange &amp; Commodities [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ForeignExchangeAndCommoditiesDerivativesContractsMember" xlink:to="label_ForeignExchangeAndCommoditiesDerivativesContractsMember_2" xlink:title="Label : ForeignExchangeAndCommoditiesDerivativesContractsMember to label_ForeignExchangeAndCommoditiesDerivativesContractsMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NonCurrentLegalDeposits" xlink:label="NonCurrentLegalDeposits" xlink:title="NonCurrentLegalDeposits" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentLegalDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NonCurrentLegalDeposits" xml:lang="en-US" id="label_NonCurrentLegalDeposits">Non-current legal deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentLegalDeposits" xlink:to="label_NonCurrentLegalDeposits" xlink:title="Label : NonCurrentLegalDeposits to label_NonCurrentLegalDeposits" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentLegalDeposits_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NonCurrentLegalDeposits_1" xml:lang="en-US" id="label_NonCurrentLegalDeposits_1">The amount of non-current legal deposits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentLegalDeposits" xlink:to="label_NonCurrentLegalDeposits_1" xlink:title="Label : NonCurrentLegalDeposits to label_NonCurrentLegalDeposits_1" />
    <link:label xlink:type="resource" xlink:label="label_NonCurrentLegalDeposits_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NonCurrentLegalDeposits_2" xml:lang="en-US" id="label_NonCurrentLegalDeposits_2">Legal deposits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NonCurrentLegalDeposits" xlink:to="label_NonCurrentLegalDeposits_2" xlink:title="Label : NonCurrentLegalDeposits to label_NonCurrentLegalDeposits_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ImpairmentLossReversalOfImpairmentLossNonDeductible" xlink:label="ImpairmentLossReversalOfImpairmentLossNonDeductible" xlink:title="ImpairmentLossReversalOfImpairmentLossNonDeductible" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossReversalOfImpairmentLossNonDeductible" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ImpairmentLossReversalOfImpairmentLossNonDeductible" xml:lang="en-US" id="label_ImpairmentLossReversalOfImpairmentLossNonDeductible">Impairment loss (reversal of impairment loss) non-deductible</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossReversalOfImpairmentLossNonDeductible" xlink:to="label_ImpairmentLossReversalOfImpairmentLossNonDeductible" xlink:title="Label : ImpairmentLossReversalOfImpairmentLossNonDeductible to label_ImpairmentLossReversalOfImpairmentLossNonDeductible" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossReversalOfImpairmentLossNonDeductible_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ImpairmentLossReversalOfImpairmentLossNonDeductible_1" xml:lang="en-US" id="label_ImpairmentLossReversalOfImpairmentLossNonDeductible_1">The amount of impairment loss or reversal of impairment loss non-deductible.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossReversalOfImpairmentLossNonDeductible" xlink:to="label_ImpairmentLossReversalOfImpairmentLossNonDeductible_1" xlink:title="Label : ImpairmentLossReversalOfImpairmentLossNonDeductible to label_ImpairmentLossReversalOfImpairmentLossNonDeductible_1" />
    <link:label xlink:type="resource" xlink:label="label_ImpairmentLossReversalOfImpairmentLossNonDeductible_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ImpairmentLossReversalOfImpairmentLossNonDeductible_2" xml:lang="en-US" id="label_ImpairmentLossReversalOfImpairmentLossNonDeductible_2">Less impairment charges (non-deductible)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ImpairmentLossReversalOfImpairmentLossNonDeductible" xlink:to="label_ImpairmentLossReversalOfImpairmentLossNonDeductible_2" xlink:title="Label : ImpairmentLossReversalOfImpairmentLossNonDeductible to label_ImpairmentLossReversalOfImpairmentLossNonDeductible_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MajorPurchasesOfAssetsMember" xlink:label="MajorPurchasesOfAssetsMember" xlink:title="MajorPurchasesOfAssetsMember" />
    <link:label xlink:type="resource" xlink:label="label_MajorPurchasesOfAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorPurchasesOfAssetsMember" xml:lang="en-US" id="label_MajorPurchasesOfAssetsMember">Major purchases of assets [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorPurchasesOfAssetsMember" xlink:to="label_MajorPurchasesOfAssetsMember" xlink:title="Label : MajorPurchasesOfAssetsMember to label_MajorPurchasesOfAssetsMember" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_InternationalMarketMember" xlink:label="InternationalMarketMember" xlink:title="InternationalMarketMember" />
    <link:label xlink:type="resource" xlink:label="label_InternationalMarketMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_InternationalMarketMember" xml:lang="en-US" id="label_InternationalMarketMember">International market [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InternationalMarketMember" xlink:to="label_InternationalMarketMember" xlink:title="Label : InternationalMarketMember to label_InternationalMarketMember" />
    <link:label xlink:type="resource" xlink:label="label_InternationalMarketMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_InternationalMarketMember_1" xml:lang="en-US" id="label_InternationalMarketMember_1">This member stands for the information pertaining to international market.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InternationalMarketMember" xlink:to="label_InternationalMarketMember_1" xlink:title="Label : InternationalMarketMember to label_InternationalMarketMember_1" />
    <link:label xlink:type="resource" xlink:label="label_InternationalMarketMember_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_InternationalMarketMember_2" xml:lang="en-US" id="label_InternationalMarketMember_2">International market [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InternationalMarketMember" xlink:to="label_InternationalMarketMember_2" xlink:title="Label : InternationalMarketMember to label_InternationalMarketMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherStakeholderMember" xlink:label="OtherStakeholderMember" xlink:title="OtherStakeholderMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherStakeholderMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherStakeholderMember" xml:lang="en-US" id="label_OtherStakeholderMember">Other Stakeholder [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherStakeholderMember" xlink:to="label_OtherStakeholderMember" xlink:title="Label : OtherStakeholderMember to label_OtherStakeholderMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherStakeholderMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherStakeholderMember_1" xml:lang="en-US" id="label_OtherStakeholderMember_1">Other stakeholder [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherStakeholderMember" xlink:to="label_OtherStakeholderMember_1" xlink:title="Label : OtherStakeholderMember to label_OtherStakeholderMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherStakeholderMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherStakeholderMember_2" xml:lang="en-US" id="label_OtherStakeholderMember_2">This member stands for the information pertaining to other stakeholder.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherStakeholderMember" xlink:to="label_OtherStakeholderMember_2" xlink:title="Label : OtherStakeholderMember to label_OtherStakeholderMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TenarisSAMember" xlink:label="TenarisSAMember" xlink:title="TenarisSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisSAMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TenarisSAMember" xml:lang="en-US" id="label_TenarisSAMember">This member stands for the information pertaining to Tenaris SA.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisSAMember" xlink:to="label_TenarisSAMember" xlink:title="Label : TenarisSAMember to label_TenarisSAMember" />
    <link:label xlink:type="resource" xlink:label="label_TenarisSAMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TenarisSAMember_1" xml:lang="en-US" id="label_TenarisSAMember_1">Tenaris SA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisSAMember" xlink:to="label_TenarisSAMember_1" xlink:title="Label : TenarisSAMember to label_TenarisSAMember_1" />
    <link:label xlink:type="resource" xlink:label="label_TenarisSAMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TenarisSAMember_2" xml:lang="en-US" id="label_TenarisSAMember_2">Tenaris SA [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TenarisSAMember" xlink:to="label_TenarisSAMember_2" xlink:title="Label : TenarisSAMember to label_TenarisSAMember_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssets_1" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_FinancialAssets_1" xml:lang="en-US" id="label_FinancialAssets_1">At the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssets" xlink:to="label_FinancialAssets_1" xlink:title="Label : FinancialAssets to label_FinancialAssets_1" />
    <link:label xlink:type="resource" xlink:label="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_2" xml:lang="en-US" id="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_2">Loss on interest rate risk if market interest rates were higher</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LossOnInterestRateRiskIfMarketInterestRatesWereHigher" xlink:to="label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_2" xlink:title="Label : LossOnInterestRateRiskIfMarketInterestRatesWereHigher to label_LossOnInterestRateRiskIfMarketInterestRatesWereHigher_2" />
    <link:label xlink:type="resource" xlink:label="label_FinancialAssets_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_FinancialAssets_2" xml:lang="en-US" id="label_FinancialAssets_2">At the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="FinancialAssets" xlink:to="label_FinancialAssets_2" xlink:title="Label : FinancialAssets to label_FinancialAssets_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_EuropeanSovereignCounterpartiesMember" xlink:label="EuropeanSovereignCounterpartiesMember" xlink:title="EuropeanSovereignCounterpartiesMember" />
    <link:label xlink:type="resource" xlink:label="label_EuropeanSovereignCounterpartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_EuropeanSovereignCounterpartiesMember" xml:lang="en-US" id="label_EuropeanSovereignCounterpartiesMember">European sovereign counterparties [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EuropeanSovereignCounterpartiesMember" xlink:to="label_EuropeanSovereignCounterpartiesMember" xlink:title="Label : EuropeanSovereignCounterpartiesMember to label_EuropeanSovereignCounterpartiesMember" />
    <link:label xlink:type="resource" xlink:label="label_EuropeanSovereignCounterpartiesMember_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_EuropeanSovereignCounterpartiesMember_1" xml:lang="en-US" id="label_EuropeanSovereignCounterpartiesMember_1">This member stands for the information pertaining to European sovereign counterparties.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EuropeanSovereignCounterpartiesMember" xlink:to="label_EuropeanSovereignCounterpartiesMember_1" xlink:title="Label : EuropeanSovereignCounterpartiesMember to label_EuropeanSovereignCounterpartiesMember_1" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherCurrentNoncurrentBenefits" xlink:label="OtherCurrentNoncurrentBenefits" xlink:title="OtherCurrentNoncurrentBenefits" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentNoncurrentBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrentNoncurrentBenefits" xml:lang="en-US" id="label_OtherCurrentNoncurrentBenefits">Other current Non-current benefits</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentNoncurrentBenefits" xlink:to="label_OtherCurrentNoncurrentBenefits" xlink:title="Label : OtherCurrentNoncurrentBenefits to label_OtherCurrentNoncurrentBenefits" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentNoncurrentBenefits_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherCurrentNoncurrentBenefits_1" xml:lang="en-US" id="label_OtherCurrentNoncurrentBenefits_1">Liability outstanding</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentNoncurrentBenefits" xlink:to="label_OtherCurrentNoncurrentBenefits_1" xlink:title="Label : OtherCurrentNoncurrentBenefits to label_OtherCurrentNoncurrentBenefits_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrentNoncurrentBenefits_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherCurrentNoncurrentBenefits_2" xml:lang="en-US" id="label_OtherCurrentNoncurrentBenefits_2">The amount of other current non-current benefits.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrentNoncurrentBenefits" xlink:to="label_OtherCurrentNoncurrentBenefits_2" xlink:title="Label : OtherCurrentNoncurrentBenefits to label_OtherCurrentNoncurrentBenefits_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_TaxInflationAdjustments" xlink:label="TaxInflationAdjustments" xlink:title="TaxInflationAdjustments" />
    <link:label xlink:type="resource" xlink:label="label_TaxInflationAdjustments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_TaxInflationAdjustments" xml:lang="en-US" id="label_TaxInflationAdjustments">Tax inflation adjustments</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxInflationAdjustments" xlink:to="label_TaxInflationAdjustments" xlink:title="Label : TaxInflationAdjustments to label_TaxInflationAdjustments" />
    <link:label xlink:type="resource" xlink:label="label_TaxInflationAdjustments_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_TaxInflationAdjustments_1" xml:lang="en-US" id="label_TaxInflationAdjustments_1">Tax revaluation, withholding tax and others, includes a net tax income</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxInflationAdjustments" xlink:to="label_TaxInflationAdjustments_1" xlink:title="Label : TaxInflationAdjustments to label_TaxInflationAdjustments_1" />
    <link:label xlink:type="resource" xlink:label="label_TaxInflationAdjustments_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_TaxInflationAdjustments_2" xml:lang="en-US" id="label_TaxInflationAdjustments_2">The amount represents the difference between the after tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to expenses not deductible in determining profit (loss).</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="TaxInflationAdjustments" xlink:to="label_TaxInflationAdjustments_2" xlink:title="Label : TaxInflationAdjustments to label_TaxInflationAdjustments_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisions_2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:title="label_CurrentProvisions_2" xml:lang="en-US" id="label_CurrentProvisions_2">Values at the beginning of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisions" xlink:to="label_CurrentProvisions_2" xlink:title="Label : CurrentProvisions to label_CurrentProvisions_2" />
    <link:label xlink:type="resource" xlink:label="label_CurrentProvisions_3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:title="label_CurrentProvisions_3" xml:lang="en-US" id="label_CurrentProvisions_3">Values at the end of the year</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CurrentProvisions" xlink:to="label_CurrentProvisions_3" xlink:title="Label : CurrentProvisions to label_CurrentProvisions_3" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesPurchaseAgreement" xlink:label="NationalizationOfSubsidiariesPurchaseAgreement" xlink:title="NationalizationOfSubsidiariesPurchaseAgreement" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPurchaseAgreement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesPurchaseAgreement" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPurchaseAgreement">Nationalization of subsidiaries purchase agreement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPurchaseAgreement" xlink:to="label_NationalizationOfSubsidiariesPurchaseAgreement" xlink:title="Label : NationalizationOfSubsidiariesPurchaseAgreement to label_NationalizationOfSubsidiariesPurchaseAgreement" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPurchaseAgreement_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesPurchaseAgreement_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPurchaseAgreement_1">The amount of price of the purchase agreement associated with the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPurchaseAgreement" xlink:to="label_NationalizationOfSubsidiariesPurchaseAgreement_1" xlink:title="Label : NationalizationOfSubsidiariesPurchaseAgreement to label_NationalizationOfSubsidiariesPurchaseAgreement_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesPurchaseAgreement_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesPurchaseAgreement_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesPurchaseAgreement_2">Purchase agreement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesPurchaseAgreement" xlink:to="label_NationalizationOfSubsidiariesPurchaseAgreement_2" xlink:title="Label : NationalizationOfSubsidiariesPurchaseAgreement to label_NationalizationOfSubsidiariesPurchaseAgreement_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" xlink:label="NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" xlink:title="NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" xml:lang="en-US" id="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses">Nationalization of subsidiaries non-refundable signing payment as reimbursement of expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" xlink:to="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" xlink:title="Label : NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses to label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_1" xml:lang="en-US" id="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_1">Non-refundable signing payment as reimbursement of expenses</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" xlink:to="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_1" xlink:title="Label : NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses to label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_1" />
    <link:label xlink:type="resource" xlink:label="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_2" xml:lang="en-US" id="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_2">The amount of non-refundable signing payment as reimbursement of expenses associated with the nationalization of subsidiaries.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses" xlink:to="label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_2" xlink:title="Label : NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses to label_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_OtherCurrenciesHedgedToUSDollarMember" xlink:label="OtherCurrenciesHedgedToUSDollarMember" xlink:title="OtherCurrenciesHedgedToUSDollarMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrenciesHedgedToUSDollarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_OtherCurrenciesHedgedToUSDollarMember" xml:lang="en-US" id="label_OtherCurrenciesHedgedToUSDollarMember">Other currencies hedged to U.S. dollar [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrenciesHedgedToUSDollarMember" xlink:to="label_OtherCurrenciesHedgedToUSDollarMember" xlink:title="Label : OtherCurrenciesHedgedToUSDollarMember to label_OtherCurrenciesHedgedToUSDollarMember" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrenciesHedgedToUSDollarMember_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_OtherCurrenciesHedgedToUSDollarMember_1" xml:lang="en-US" id="label_OtherCurrenciesHedgedToUSDollarMember_1">Other currencies hedged to U.S. dollar [member]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrenciesHedgedToUSDollarMember" xlink:to="label_OtherCurrenciesHedgedToUSDollarMember_1" xlink:title="Label : OtherCurrenciesHedgedToUSDollarMember to label_OtherCurrenciesHedgedToUSDollarMember_1" />
    <link:label xlink:type="resource" xlink:label="label_OtherCurrenciesHedgedToUSDollarMember_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_OtherCurrenciesHedgedToUSDollarMember_2" xml:lang="en-US" id="label_OtherCurrenciesHedgedToUSDollarMember_2">This member stands for the information pertaining to other currencies hedged to U.S. dollar.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="OtherCurrenciesHedgedToUSDollarMember" xlink:to="label_OtherCurrenciesHedgedToUSDollarMember_2" xlink:title="Label : OtherCurrenciesHedgedToUSDollarMember to label_OtherCurrenciesHedgedToUSDollarMember_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_IncomeTaxesAccrued" xlink:label="IncomeTaxesAccrued" xlink:title="IncomeTaxesAccrued" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxesAccrued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_IncomeTaxesAccrued" xml:lang="en-US" id="label_IncomeTaxesAccrued">Income taxes accrued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxesAccrued" xlink:to="label_IncomeTaxesAccrued" xlink:title="Label : IncomeTaxesAccrued to label_IncomeTaxesAccrued" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxesAccrued_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_IncomeTaxesAccrued_1" xml:lang="en-US" id="label_IncomeTaxesAccrued_1">Tax accrued</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxesAccrued" xlink:to="label_IncomeTaxesAccrued_1" xlink:title="Label : IncomeTaxesAccrued to label_IncomeTaxesAccrued_1" />
    <link:label xlink:type="resource" xlink:label="label_IncomeTaxesAccrued_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_IncomeTaxesAccrued_2" xml:lang="en-US" id="label_IncomeTaxesAccrued_2">The amount of income taxes accrued.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeTaxesAccrued" xlink:to="label_IncomeTaxesAccrued_2" xlink:title="Label : IncomeTaxesAccrued to label_IncomeTaxesAccrued_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_CTAForeignExchangeRiskCurrencyExposure" xlink:label="CTAForeignExchangeRiskCurrencyExposure" xlink:title="CTAForeignExchangeRiskCurrencyExposure" />
    <link:label xlink:type="resource" xlink:label="label_CTAForeignExchangeRiskCurrencyExposure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_CTAForeignExchangeRiskCurrencyExposure" xml:lang="en-US" id="label_CTAForeignExchangeRiskCurrencyExposure">C.T.A foreign exchange risk currency exposure</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CTAForeignExchangeRiskCurrencyExposure" xlink:to="label_CTAForeignExchangeRiskCurrencyExposure" xlink:title="Label : CTAForeignExchangeRiskCurrencyExposure to label_CTAForeignExchangeRiskCurrencyExposure" />
    <link:label xlink:type="resource" xlink:label="label_CTAForeignExchangeRiskCurrencyExposure_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_CTAForeignExchangeRiskCurrencyExposure_1" xml:lang="en-US" id="label_CTAForeignExchangeRiskCurrencyExposure_1">CTA foreign exchange risk currency exposure</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CTAForeignExchangeRiskCurrencyExposure" xlink:to="label_CTAForeignExchangeRiskCurrencyExposure_1" xlink:title="Label : CTAForeignExchangeRiskCurrencyExposure to label_CTAForeignExchangeRiskCurrencyExposure_1" />
    <link:label xlink:type="resource" xlink:label="label_CTAForeignExchangeRiskCurrencyExposure_2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_CTAForeignExchangeRiskCurrencyExposure_2" xml:lang="en-US" id="label_CTAForeignExchangeRiskCurrencyExposure_2">The amount of exchange differences arise from CTA foreign exchange risk currency exposure.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CTAForeignExchangeRiskCurrencyExposure" xlink:to="label_CTAForeignExchangeRiskCurrencyExposure_2" xlink:title="Label : CTAForeignExchangeRiskCurrencyExposure to label_CTAForeignExchangeRiskCurrencyExposure_2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:label="GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:title="GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xml:lang="en-US" id="label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax">Gains (losses) on exchange differences on translation of foreign operations, before tax</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:title="Label : GainsLossesOnExchangeDifferencesOnTranslationBeforeTax to label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_1" xml:lang="en-US" id="label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_1">Currency translation adjustment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainsLossesOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_1" xlink:title="Label : GainsLossesOnExchangeDifferencesOnTranslationBeforeTax to label_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_1" />
    <link:label xlink:type="resource" xlink:label="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_2" xml:lang="en-US" id="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_2">Reclassification of currency translation adjustment reserve</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_2" xlink:title="Label : ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax to label_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_2" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingCapitalInControlGroup_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_PercentageOfVotingCapitalInControlGroup_1" xml:lang="en-US" id="label_PercentageOfVotingCapitalInControlGroup_1">The percentage of company voting capital in control group upon the closing of the transaction under share purchase agreement.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingCapitalInControlGroup" xlink:to="label_PercentageOfVotingCapitalInControlGroup_1" xlink:title="Label : PercentageOfVotingCapitalInControlGroup to label_PercentageOfVotingCapitalInControlGroup_1" />
    <link:label xlink:type="resource" xlink:label="label_PercentageOfVotingCapitalInControlGroup_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_PercentageOfVotingCapitalInControlGroup_2" xml:lang="en-US" id="label_PercentageOfVotingCapitalInControlGroup_2">Percentage of voting capital in control group</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PercentageOfVotingCapitalInControlGroup" xlink:to="label_PercentageOfVotingCapitalInControlGroup_2" xlink:title="Label : PercentageOfVotingCapitalInControlGroup to label_PercentageOfVotingCapitalInControlGroup_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_MajorityPercentageOfControlGroupShares" xlink:label="MajorityPercentageOfControlGroupShares" xlink:title="MajorityPercentageOfControlGroupShares" />
    <link:label xlink:type="resource" xlink:label="label_MajorityPercentageOfControlGroupShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_MajorityPercentageOfControlGroupShares" xml:lang="en-US" id="label_MajorityPercentageOfControlGroupShares">Majority percentage of control group shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorityPercentageOfControlGroupShares" xlink:to="label_MajorityPercentageOfControlGroupShares" xlink:title="Label : MajorityPercentageOfControlGroupShares to label_MajorityPercentageOfControlGroupShares" />
    <link:label xlink:type="resource" xlink:label="label_MajorityPercentageOfControlGroupShares_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_MajorityPercentageOfControlGroupShares_1" xml:lang="en-US" id="label_MajorityPercentageOfControlGroupShares_1">The majority percentage of control group shares for ordinary decisions.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorityPercentageOfControlGroupShares" xlink:to="label_MajorityPercentageOfControlGroupShares_1" xlink:title="Label : MajorityPercentageOfControlGroupShares to label_MajorityPercentageOfControlGroupShares_1" />
    <link:label xlink:type="resource" xlink:label="label_MajorityPercentageOfControlGroupShares_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_MajorityPercentageOfControlGroupShares_2" xml:lang="en-US" id="label_MajorityPercentageOfControlGroupShares_2">Majority percentage of control group shares</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MajorityPercentageOfControlGroupShares" xlink:to="label_MajorityPercentageOfControlGroupShares_2" xlink:title="Label : MajorityPercentageOfControlGroupShares to label_MajorityPercentageOfControlGroupShares_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" xlink:label="ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" xlink:title="ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" />
    <link:label xlink:type="resource" xlink:label="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" xml:lang="en-US" id="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption">Thresold number of trading days immediately prior to date of exercising option</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" xlink:to="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" xlink:title="Label : ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption to label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" />
    <link:label xlink:type="resource" xlink:label="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_1" xml:lang="en-US" id="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_1">The thresold number of trading days immediately prior to date of exercising option to calculate moving average share price.</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" xlink:to="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_1" xlink:title="Label : ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption to label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_1" />
    <link:label xlink:type="resource" xlink:label="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:title="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_2" xml:lang="en-US" id="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_2">Thresold number of trading days immediately prior to date of exercising option</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" xlink:to="label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_2" xlink:title="Label : ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption to label_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption_2" />
    <link:loc xlink:type="locator" xlink:href="ts-20221231.xsd#ts_NumberOfTradingDaysToCalculateMovingAverageSharePrice" xlink:label="NumberOfTradingDaysToCalculateMovingAverageSharePrice" xlink:title="NumberOfTradingDaysToCalculateMovingAverageSharePrice" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTradingDaysToCalculateMovingAverageSharePrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_NumberOfTradingDaysToCalculateMovingAverageSharePrice" xml:lang="en-US" id="label_NumberOfTradingDaysToCalculateMovingAverageSharePrice">Number of trading days to calculate moving average share price</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTradingDaysToCalculateMovingAverageSharePrice" xlink:to="label_NumberOfTradingDaysToCalculateMovingAverageSharePrice" xlink:title="Label : NumberOfTradingDaysToCalculateMovingAverageSharePrice to label_NumberOfTradingDaysToCalculateMovingAverageSharePrice" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfTradingDaysToCalculateMovingAverageSharePrice_1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:title="label_NumberOfTradingDaysToCalculateMovingAverageSharePrice_1" xml:lang="en-US" id="label_NumberOfTradingDaysToCalculateMovingAverageSharePrice_1">The number of trading days to calculate moving average share price.</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="NumberOfTradingDaysToCalculateMovingAverageSharePrice" xlink:to="label_NumberOfTradingDaysToCalculateMovingAverageSharePrice_2" xlink:title="Label : NumberOfTradingDaysToCalculateMovingAverageSharePrice to label_NumberOfTradingDaysToCalculateMovingAverageSharePrice_2" />
    <link:label xlink:type="resource" xlink:label="label_NumberOfSharesToBePurchasedUnderAgreement_3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:title="label_NumberOfSharesToBePurchasedUnderAgreement_3" xml:lang="en-US" id="label_NumberOfSharesToBePurchasedUnderAgreement_3">Number of shares outstanding in control group</link:label>
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<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>13
<FILENAME>ts-20221231.xsd
<DESCRIPTION>SCHEMA
<TEXT>
<XBRL>
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<!--Created by IRIS Business Services_Direct, Powered by IRIS Carbon, Unique Code 6426ef1ee17276118c27a0d1, Generated At Fri, 31 Mar 2023 14:36:28 GMT-->
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        <link:definition>001 - Statement - CONSOLIDATED INCOME STATEMENT</link:definition>
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        <link:definition>002 - Statement - CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME</link:definition>
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        <link:definition>0021 - Statement - CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (CALC 2)</link:definition>
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        <link:definition>1010 - Disclosure - I. General Information</link:definition>
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      <link:roleType roleURI="http://www.tenaris.com/role/statement-iii-financial-risk-management" id="statement-iii-financial-risk-management">
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        <link:definition>1070 - Disclosure - Note 4 - Labor Costs - Labor Costs (Included in Cost of Sales and in Selling, General and Administrative Expenses)</link:definition>
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      <link:roleType roleURI="http://www.tenaris.com/role/Note5Impairmentcharge" id="Note5Impairmentcharge">
        <link:definition>1080 - Disclosure - Note 5 - Impairment charge</link:definition>
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        <link:definition>1090 - Disclosure - Note 6 - Other Operating Income and Expenses</link:definition>
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      <link:roleType roleURI="http://www.tenaris.com/role/Note7FinancialResults" id="Note7FinancialResults">
        <link:definition>1100 - Disclosure - Note 7 - Financial Results</link:definition>
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      <link:roleType roleURI="http://www.tenaris.com/role/Note8IncomeTax" id="Note8IncomeTax">
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      <link:roleType roleURI="http://www.tenaris.com/role/Note10PropertyPlantandEquipmentNet" id="Note10PropertyPlantandEquipmentNet">
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      <link:roleType roleURI="http://www.tenaris.com/role/Note5ImpairmentchargeTables" id="Note5ImpairmentchargeTables">
        <link:definition>3080 - Disclosure - Note 5 - Impairment charge (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note6OtheroperatingincomeandexpensesTables" id="Note6OtheroperatingincomeandexpensesTables">
        <link:definition>3090 - Disclosure - Note 6 - Other operating income and expenses (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note7FinancialResultsTables" id="Note7FinancialResultsTables">
        <link:definition>3100 - Disclosure - Note 7 - Financial Results (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note8IncomeTaxTables" id="Note8IncomeTaxTables">
        <link:definition>3110 - Disclosure - Note 8 - Income Tax (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note10PropertyPlantandEquipmentNetTables" id="Note10PropertyPlantandEquipmentNetTables">
        <link:definition>3130 - Disclosure - Note 10 - Property, Plant and Equipment, Net (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note11IntangibleAssetsNetTables" id="Note11IntangibleAssetsNetTables">
        <link:definition>3140 - Disclosure - Note 11 - Intangible Assets, Net (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note12RightofuseAssetsNetandLeaseLiabilitiesTables" id="Note12RightofuseAssetsNetandLeaseLiabilitiesTables">
        <link:definition>3150 - Disclosure - Note 12 - Right-of-use Assets, Net and Lease Liabilities (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note13InvestmentsinNonconsolidatedCompaniesTables" id="Note13InvestmentsinNonconsolidatedCompaniesTables">
        <link:definition>3160 - Disclosure - Note 13 - Investments in Non-consolidated Companies (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note14ReceivablesNonCurrentTables" id="Note14ReceivablesNonCurrentTables">
        <link:definition>3170 - Disclosure - Note 14 - Receivables - Non Current (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note15InventoriesNetTables" id="Note15InventoriesNetTables">
        <link:definition>3180 - Disclosure - Note 15 - Inventories, Net (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note16ReceivablesandPrepaymentsNetTables" id="Note16ReceivablesandPrepaymentsNetTables">
        <link:definition>3190 - Disclosure - Note 16 - Receivables and Prepayments, Net (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note17CurrentTaxAssetsandLiabilitiesTables" id="Note17CurrentTaxAssetsandLiabilitiesTables">
        <link:definition>3200 - Disclosure - Note 17 - Current Tax Assets and Liabilities (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note18TradeReceivablesNetTables" id="Note18TradeReceivablesNetTables">
        <link:definition>3210 - Disclosure - Note 18 - Trade Receivables, Net (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note19CashandCashEquivalentsandOtherInvestmentsTables" id="Note19CashandCashEquivalentsandOtherInvestmentsTables">
        <link:definition>3220 - Disclosure - Note 19 - Cash and Cash Equivalents and Other Investments (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note20BorrowingsTables" id="Note20BorrowingsTables">
        <link:definition>3230 - Disclosure - Note 20 - Borrowings (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note21DeferredtaxassetsandliabilitiesTables" id="Note21DeferredtaxassetsandliabilitiesTables">
        <link:definition>3240 - Disclosure - Note 21 - Deferred tax assets and liabilities (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note22OtherLiabilitiesTables" id="Note22OtherLiabilitiesTables">
        <link:definition>3250 - Disclosure - Note 22 - Other Liabilities (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note23NoncurrentallowancesandprovisionsTables" id="Note23NoncurrentallowancesandprovisionsTables">
        <link:definition>3260 - Disclosure - Note 23 - Non-current allowances and provisions (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note24CurrentallowancesandprovisionsTables" id="Note24CurrentallowancesandprovisionsTables">
        <link:definition>3270 - Disclosure - Note 24 - Current allowances and provisions (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note25DerivativeFinancialInstrumentsTables" id="Note25DerivativeFinancialInstrumentsTables">
        <link:definition>3280 - Disclosure - Note 25 - Derivative Financial Instruments (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note29CashFlowDisclosuresTables" id="Note29CashFlowDisclosuresTables">
        <link:definition>3310 - Disclosure - Note 29 - Cash Flow Disclosures (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note30RelatedPartyTransactionsTables" id="Note30RelatedPartyTransactionsTables">
        <link:definition>3320 - Disclosure - Note 30 - Related Party Transactions (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note31PrincipalaccountantfeesTables" id="Note31PrincipalaccountantfeesTables">
        <link:definition>3340 - Disclosure - Note 31 - Principal accountant fees (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note32PrincipalSubsidiariesTables" id="Note32PrincipalSubsidiariesTables">
        <link:definition>3350 - Disclosure - Note 32 - Principal Subsidiaries (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/UpdateasofApril292020Tables" id="UpdateasofApril292020Tables">
        <link:definition>3600 - Disclosure - Update as of April 29, 2020 (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note33BusinessCombinationsTables" id="Note33BusinessCombinationsTables">
        <link:definition>36001 - Disclosure - Note 33 - Business Combinations (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/DiscontinuedOperationsTables" id="DiscontinuedOperationsTables">
        <link:definition>3630 - Disclosure - Discontinued Operations (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-ii-accounting-policies-details-textual" id="statement-ii-accounting-policies-details-textual">
        <link:definition>4020 - Disclosure - II. Accounting Policies (Details Textual)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/IIAccountingPoliciesEstimatedUsefulLivesofPropertyPlantandEquipmentDetails" id="IIAccountingPoliciesEstimatedUsefulLivesofPropertyPlantandEquipmentDetails">
        <link:definition>4021 - Disclosure - II. Accounting Policies - Estimated Useful Lives of Property, Plant and Equipment (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/IIAccountingPoliciesChangesinKeyAssumptionsThatWouldCausetheRecoverableAmounttoEqualtheCarryingValueDetails" id="IIAccountingPoliciesChangesinKeyAssumptionsThatWouldCausetheRecoverableAmounttoEqualtheCarryingValueDetails">
        <link:definition>4022 - Disclosure - II. Accounting Policies - Changes in Key Assumptions That Would Cause the Recoverable Amount to Equal the Carrying Value (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-iii-financial-risk-management-details-textual" id="statement-iii-financial-risk-management-details-textual">
        <link:definition>4030 - Disclosure - III. Financial Risk Management (Details Textual)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/IIIFinancialRiskManagementFinancialAssetsandLiabilitiesWhichImpactProfitandLossDetails" id="IIIFinancialRiskManagementFinancialAssetsandLiabilitiesWhichImpactProfitandLossDetails">
        <link:definition>4031 - Disclosure - III. Financial Risk Management - Financial Assets and Liabilities Which Impact Profit and Loss (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/IIIFinancialRiskManagementProportionsofVariablerateandFixedrateDebtDetails" id="IIIFinancialRiskManagementProportionsofVariablerateandFixedrateDebtDetails">
        <link:definition>4032 - Disclosure - III. Financial Risk Management - Proportions of Variable-rate and Fixed-rate Debt (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/IIIFinancialRiskManagementFinancialInstrumentsandClassificationWithintheFairValueHierarchyDetails" id="IIIFinancialRiskManagementFinancialInstrumentsandClassificationWithintheFairValueHierarchyDetails">
        <link:definition>4033 - Disclosure - III. Financial Risk Management - Financial Instruments and Classification Within the Fair Value Hierarchy (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/IIIFinancialRiskManagementChangesinLevel3AssetsandLiabilitiesDetails" id="IIIFinancialRiskManagementChangesinLevel3AssetsandLiabilitiesDetails">
        <link:definition>4034 - Disclosure - III. Financial Risk Management - Changes in Level 3 Assets and Liabilities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-note-1-segment-information-details-textual" id="statement-note-1-segment-information-details-textual">
        <link:definition>4040 - Disclosure - Note 1 - Segment Information (Details Textual)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-note-1-segment-information-reportable-operating-segments-details" id="statement-note-1-segment-information-reportable-operating-segments-details">
        <link:definition>4041 - Disclosure - Note 1 - Segment Information - Reportable Operating Segments (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-note-1-segment-information-geographical-information-details" id="statement-note-1-segment-information-geographical-information-details">
        <link:definition>4042 - Disclosure - Note 1 - Segment Information - Geographical Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-note-1-segment-information-tubes-segment-revenues-by-market-details" id="statement-note-1-segment-information-tubes-segment-revenues-by-market-details">
        <link:definition>4043 - Disclosure - Note 1 - Segment Information - Tubes Segment Revenues By Market (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-note-2-cost-of-sales-components-of-cost-of-sales-details" id="statement-note-2-cost-of-sales-components-of-cost-of-sales-details">
        <link:definition>4050 - Disclosure - Note 2 - Cost of Sales - Components of Cost of Sales (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-note-3-selling-general-and-administrative-expenses-components-of-selling-general-and-administrative-expenses-details" id="statement-note-3-selling-general-and-administrative-expenses-components-of-selling-general-and-administrative-expenses-details">
        <link:definition>4060 - Disclosure - Note 3 - Selling, General and Administrative Expenses - Components of Selling, General and Administrative Expenses (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-note-4-labor-costs-summary-of-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-details" id="statement-note-4-labor-costs-summary-of-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-details">
        <link:definition>4070 - Disclosure - Note 4 - Labor Costs - Summary of Labor Costs (Included in Cost of Sales and in Selling, General and Administrative Expenses) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/statement-note-4-labor-costs-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-number-of-employees-details" id="statement-note-4-labor-costs-labor-costs-included-in-cost-of-sales-and-in-selling-general-and-administrative-expenses-number-of-employees-details">
        <link:definition>4071 - Disclosure - Note 4 - Labor Costs - Labor Costs (Included in Cost of Sales and in Selling, General and Administrative Expenses) - Number of Employees (Details)</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note5ImpairmentchargeDetailsTextual" id="Note5ImpairmentchargeDetailsTextual">
        <link:definition>4080 - Disclosure - Note 5 - Impairment charge (Details Textual)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note6OtheroperatingincomeandexpensesDetailsTextual" id="Note6OtheroperatingincomeandexpensesDetailsTextual">
        <link:definition>4090 - Disclosure - Note 6 - Other operating income and expenses (Details Textual)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note6OtheroperatingincomeandexpensesDetails" id="Note6OtheroperatingincomeandexpensesDetails">
        <link:definition>4091 - Disclosure - Note 6 - Other operating income and expenses (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note7FinancialResultsDetailsTextual" id="Note7FinancialResultsDetailsTextual">
        <link:definition>4100 - Disclosure - Note 7 - Financial Results (Details Textual)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note7FinancialResultsFinancialIncomeCostDetails" id="Note7FinancialResultsFinancialIncomeCostDetails">
        <link:definition>4101 - Disclosure - Note 7 - Financial Results - Financial Income (Cost) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note8IncomeTaxDetailsTextual" id="Note8IncomeTaxDetailsTextual">
        <link:definition>4110 - Disclosure - Note 8 - Income Tax (Details Textual)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note8IncomeTaxSummaryofIncomeTaxExpenseBenefitDetails" id="Note8IncomeTaxSummaryofIncomeTaxExpenseBenefitDetails">
        <link:definition>4111 - Disclosure - Note 8 - Income Tax - Summary of Income Tax Expense (Benefit) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note8IncomeTaxSummaryofDifferencesBetweenIncomeTaxandTheoreticalAmountUsingTaxRateinEachCountryDetails" id="Note8IncomeTaxSummaryofDifferencesBetweenIncomeTaxandTheoreticalAmountUsingTaxRateinEachCountryDetails">
        <link:definition>4112 - Disclosure - Note 8 - Income Tax - Summary of Differences Between Income Tax and Theoretical Amount Using Tax Rate in Each Country (Details)</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note9DividendsDistributionDetailsTextual" id="Note9DividendsDistributionDetailsTextual">
        <link:definition>4120 - Disclosure - Note 9 - Dividends Distribution (Details Textual)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.tenaris.com/role/Note10PropertyPlantandEquipmentNetDetailsTextual" id="Note10PropertyPlantandEquipmentNetDetailsTextual">
        <link:definition>4130 - Disclosure - Note 10 - Property, Plant and Equipment, Net (Details Textual)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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        <link:usedOn>link:definitionLink</link:usedOn>
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  <xsd:element name="DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock" id="ts_DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="LeaseLiabilityEvolutionTextBlock" id="ts_LeaseLiabilityEvolutionTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock" id="ts_DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock" id="ts_DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock" id="ts_DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutInventoriesTextBlock" id="ts_DisclosureOfDetailedInformationAboutInventoriesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock" id="ts_DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock" id="ts_DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock" id="ts_DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock" id="ts_DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock" id="ts_DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" id="ts_DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock" id="ts_DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock" id="ts_DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock" id="ts_DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock" id="ts_DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfBorrowingsEvolutionTextBlock" id="ts_DisclosureOfBorrowingsEvolutionTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock" id="ts_DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxTextBlock" id="ts_DeferredTaxTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsDeductedFromNoncurrentReceivablesTextBlock" id="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsDeductedFromNoncurrentReceivablesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" id="ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock" id="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" id="ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock" id="ts_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock" id="ts_DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock" id="ts_DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="IpscoTubularsIncMember" id="ts_IpscoTubularsIncMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SaudiSteelPipeCompanyMember" id="ts_SaudiSteelPipeCompanyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AcquisitionOfIPSCOMember" id="ts_AcquisitionOfIPSCOMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" id="ts_DisclosureOfDiscontinuedOperationsNetIncomeComponentsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfSaleOfDiscontinuedOperationsTextBlock" id="ts_DisclosureOfSaleOfDiscontinuedOperationsTextBlock" type="nonnum:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="TerniumSAMember" id="ts_TerniumSAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UsiminasMember" id="ts_UsiminasMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ConfabIndustrialSaAndSubsidiariesMember" id="ts_ConfabIndustrialSaAndSubsidiariesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TTGroupMember" id="ts_TTGroupMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TerniumEntititesMember" id="ts_TerniumEntititesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ConfabMember" id="ts_ConfabMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NSSMCMember" id="ts_NSSMCMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PrevidenciaUsiminasMember" id="ts_PrevidenciaUsiminasMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TecpetrolInternationalSAMember" id="ts_TecpetrolInternationalSAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisMember" id="ts_TenarisMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TheNewSHAMember" id="ts_TheNewSHAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TechgenSAMember" id="ts_TechgenSAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GlobalPipeCompanyMember" id="ts_GlobalPipeCompanyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InformationSystemProjectsMember" id="ts_InformationSystemProjectsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LicensesPatentsTrademarksAndProprietaryTechnologyMember" id="ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TrademarksMember" id="ts_TrademarksMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaverickAcquisitionMember" id="ts_MaverickAcquisitionMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="HydrillAcquisitionMember" id="ts_HydrillAcquisitionMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OCTGUSAMember" id="ts_OCTGUSAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" id="ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FundedPostemploymentBenefitsMember" id="ts_FundedPostemploymentBenefitsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NumberOfSharesSubscribedTo" id="ts_NumberOfSharesSubscribedTo" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="SharesSubscribedToPricePerShare" id="ts_SharesSubscribedToPricePerShare" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="SharesSubscribedToValue" id="ts_SharesSubscribedToValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="InterestInAssociateSharesOwned" id="ts_InterestInAssociateSharesOwned" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="SharesBoundToSHA" id="ts_SharesBoundToSHA" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="PercentOfCompanyVotingCapital" id="ts_PercentOfCompanyVotingCapital" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" id="ts_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="NumberOfBoardMembers" id="ts_NumberOfBoardMembers" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" id="ts_ImpairmentLossOnEquityMethodInvestmentInNonconsolidatedCompanies" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NumberOfMajorBusinessSegments" id="ts_NumberOfMajorBusinessSegments" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfReportableOperatingSegments" id="ts_NumberOfReportableOperatingSegments" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="AdditionalAmortizationExpenses" id="ts_AdditionalAmortizationExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="FinitelivedIntangibleAssetUsefulLife" id="ts_FinitelivedIntangibleAssetUsefulLife" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" id="ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="FinitelivedIntangibleAssetResidualValue" id="ts_FinitelivedIntangibleAssetResidualValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="FinitelivedIntangibleAssetResidualUsefulLife" id="ts_FinitelivedIntangibleAssetResidualUsefulLife" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfVotesPerShare" id="ts_NumberOfVotesPerShare" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" id="ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="EmployeeBenefitsUnitVestingPeriod" id="ts_EmployeeBenefitsUnitVestingPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="EmployeeBenefitsCompanyRedemptionPeriod" id="ts_EmployeeBenefitsCompanyRedemptionPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="EmployeeBenefitsEarlyRedemptionPeriod" id="ts_EmployeeBenefitsEarlyRedemptionPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="CarryingValueOfUnitsGranted" id="ts_CarryingValueOfUnitsGranted" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="PercentageOfVotingRightsHeldInUnconsolidatedEntities" id="ts_PercentageOfVotingRightsHeldInUnconsolidatedEntities" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PeriodOfLeaseTermOfShortTermLeases" id="ts_PeriodOfLeaseTermOfShortTermLeases" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ForecastPeriodOfCashFlowProjections" id="ts_ForecastPeriodOfCashFlowProjections" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" id="ts_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="BuildingsAndImprovementsMember" id="ts_BuildingsAndImprovementsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PlantAndProductionEquipmentMember" id="ts_PlantAndProductionEquipmentMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="VehiclesFurnitureAndFixturesAndOtherEquipmentMember" id="ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdditionalDepreciationExpenses" id="ts_AdditionalDepreciationExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="GrowthRateMeasurementInputMember" id="ts_GrowthRateMeasurementInputMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" id="ts_ProjectedChangeRateInFutureCashFlowsMeasurementInputMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" id="ts_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmountPercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" id="ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OnePercentChangeEuroUsDollarForeignExchangeRiskMember" id="ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" id="ts_OnePercentChangeSaudiArabianRiyalUsDollarForeignExchangeRiskMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CustomerConcentrationRisk1Member" id="ts_CustomerConcentrationRisk1Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CounterpartyRiskMember" id="ts_CounterpartyRiskMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeDerivativesContractsMember" id="ts_ForeignExchangeDerivativesContractsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GuaranteesUnderCreditInsuranceMember" id="ts_GuaranteesUnderCreditInsuranceMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LetterOfCreditAndOtherBankGuaranteesMember" id="ts_LetterOfCreditAndOtherBankGuaranteesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherGuaranteesMember" id="ts_OtherGuaranteesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PastDueMember" id="ts_PastDueMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AllowanceForDoubtfulAccountsTradeReceivablesMember" id="ts_AllowanceForDoubtfulAccountsTradeReceivablesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DebtToEquityRatio" id="ts_DebtToEquityRatio" type="xbrli:pureItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ForeignExchangeRiskCurrencyExposure" id="ts_ForeignExchangeRiskCurrencyExposure" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LossOnInterestRateRiskIfMarketInterestRatesWereHigher" id="ts_LossOnInterestRateRiskIfMarketInterestRatesWereHigher" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ExposureInvestmentGradeRatedInstruments" id="ts_ExposureInvestmentGradeRatedInstruments" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ConcentrationRiskPercentage" id="ts_ConcentrationRiskPercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="LiquidFinancialAssetsPercentage" id="ts_LiquidFinancialAssetsPercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" id="ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" id="ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="MaximumMaturityPeriodOfCashAndCashEquivalents" id="ts_MaximumMaturityPeriodOfCashAndCashEquivalents" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" id="ts_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MinimumMaturityPeriodOfCertificatesOfDeposits" id="ts_MinimumMaturityPeriodOfCertificatesOfDeposits" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ArgentinePesoUsDollarForeignExchangeRiskMember" id="ts_ArgentinePesoUsDollarForeignExchangeRiskMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EuroUsDollarForeignExchangeRiskMember" id="ts_EuroUsDollarForeignExchangeRiskMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SaudiArabianRiyalUsDollarExchangeRiskMember" id="ts_SaudiArabianRiyalUsDollarExchangeRiskMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" id="ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UsSovereignBillsMember" id="ts_UsSovereignBillsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NonUsSovereignBillsMember" id="ts_NonUsSovereignBillsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CertificatesOfDepositsMember" id="ts_CertificatesOfDepositsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CommercialPapersMember" id="ts_CommercialPapersMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherNotesMember" id="ts_OtherNotesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BondsAndOtherFixedIncomeMember" id="ts_BondsAndOtherFixedIncomeMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UsGovernmentSecuritiesMember" id="ts_UsGovernmentSecuritiesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NonUsGovernmentSecuritiesMember" id="ts_NonUsGovernmentSecuritiesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CorporatesSecuritiesMember" id="ts_CorporatesSecuritiesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="StructuredNotesMember" id="ts_StructuredNotesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherInvestments1Member" id="ts_OtherInvestments1Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherReceivablesMember" id="ts_OtherReceivablesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherReceivablesNonfinancialMember" id="ts_OtherReceivablesNonfinancialMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DerivativeLiabilitiesMember" id="ts_DerivativeLiabilitiesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" id="ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TubesMember" id="ts_TubesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ManagementViewOperatingIncome" id="ts_ManagementViewOperatingIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ManagementViewDifferencesInCostOfSales" id="ts_ManagementViewDifferencesInCostOfSales" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ManagementViewDifferencesInDepreciationAndAmortization" id="ts_ManagementViewDifferencesInDepreciationAndAmortization" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" id="ts_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" id="ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="MiddleEastAndAfricaMember" id="ts_MiddleEastAndAfricaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UnallocatedRegionMember" id="ts_UnallocatedRegionMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OilAndGasMember" id="ts_OilAndGasMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="HydrocarbonProcessingAndPowerGenerationMember" id="ts_HydrocarbonProcessingAndPowerGenerationMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IndustrialAndOtherMember" id="ts_IndustrialAndOtherMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InventoriesIncludingDiscontinuedOperations" id="ts_InventoriesIncludingDiscontinuedOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="IncreaseInInventoryDueToBusinessCombinations" id="ts_IncreaseInInventoryDueToBusinessCombinations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DecreaseInInventoryDueToSaleOfSubsidiaries" id="ts_DecreaseInInventoryDueToSaleOfSubsidiaries" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesRawMaterialsEnergyConsumablesAndOther" id="ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesServicesAndFees" id="ts_CostOfSalesServicesAndFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesLaborCost" id="ts_CostOfSalesLaborCost" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesDepreciationOfPropertyPlantAndEquipment" id="ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesAmortizationOfIntangibleAssets" id="ts_CostOfSalesAmortizationOfIntangibleAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" id="ts_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesMaintenanceExpenses" id="ts_CostOfSalesMaintenanceExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesAllowanceForObsolescence" id="ts_CostOfSalesAllowanceForObsolescence" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesTaxes" id="ts_CostOfSalesTaxes" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesOther" id="ts_CostOfSalesOther" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesIncludingDiscontinuedOperations" id="ts_CostOfSalesIncludingDiscontinuedOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesDiscontinuedOperations" id="ts_CostOfSalesDiscontinuedOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="CostOfSalesLaborCostSeveranceCharges" id="ts_CostOfSalesLaborCostSeveranceCharges" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesServicesAndFees" id="ts_SellingGeneralAndAdministrativeExpensesServicesAndFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesLaborCost" id="ts_SellingGeneralAndAdministrativeExpensesLaborCost" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" id="ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" id="ts_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" id="ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" id="ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" id="ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesTaxes" id="ts_SellingGeneralAndAdministrativeExpensesTaxes" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesOther" id="ts_SellingGeneralAndAdministrativeExpensesOther" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" id="ts_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" id="ts_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="OtherGeographicalAreasMember" id="ts_OtherGeographicalAreasMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NkktubesMember" id="ts_NkktubesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IPSCOMember" id="ts_IPSCOMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CoiledTubingMember" id="ts_CoiledTubingMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RodsUSAMember" id="ts_RodsUSAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GrowthRatesUsedInCurrentEstimateOfValueInUse" id="ts_GrowthRatesUsedInCurrentEstimateOfValueInUse" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="CarryingAmountAfterImpairment" id="ts_CarryingAmountAfterImpairment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" id="ts_PercentageOfReasonablyPossibleIncreaseDecreaseInKeyAssumptionResultingAdditionalImpairment" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" id="ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BusinessDivestituresAxis" id="ts_BusinessDivestituresAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EntitySTotalForBusinessDivestituresMember" id="ts_EntitySTotalForBusinessDivestituresMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GenevaStructuralTubesLlcMember" id="ts_GenevaStructuralTubesLlcMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BusinessDivestituresAcquirerAxis" id="ts_BusinessDivestituresAcquirerAxis" type="xbrli:stringItemType" substitutionGroup="xbrldt:dimensionItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EntitySTotalForBusinessDivestituresAcquirerDomain" id="ts_EntitySTotalForBusinessDivestituresAcquirerDomain" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MkkUsaIncMember" id="ts_MkkUsaIncMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems" id="ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" id="ts_TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" id="ts_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="InterestIncomeOnTaxAssets" id="ts_InterestIncomeOnTaxAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" id="ts_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfVotingEquityInterestsDivested" id="ts_PercentageOfVotingEquityInterestsDivested" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="OtherOperatingIncomeAbstract" id="ts_OtherOperatingIncomeAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherOperatingIncomeNetIncomeFromOtherSales" id="ts_OtherOperatingIncomeNetIncomeFromOtherSales" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" id="ts_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="OtherOperatingExpensesAbstract" id="ts_OtherOperatingExpensesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" id="ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="OtherOperatingExpensesAllowanceForDoubtfulReceivables" id="ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" id="ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeDerivativesContractsResults" id="ts_ForeignExchangeDerivativesContractsResults" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ArgentinaAndMexicoMember" id="ts_ArgentinaAndMexicoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" id="ts_AfterTaxEffectOfExpenseNotDeductibleInDeterminingProfitLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" id="ts_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DisclosureOfIncomeTaxLineItems" id="ts_DisclosureOfIncomeTaxLineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax" id="ts_ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" id="ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DividendsPayableAmountPerAmericanDepositarySecurity" id="ts_DividendsPayableAmountPerAmericanDepositarySecurity" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="PaymentsForDividendsApproved" id="ts_PaymentsForDividendsApproved" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="DividendsPaidAmountPerShareIncludingInterimDividend" id="ts_DividendsPaidAmountPerShareIncludingInterimDividend" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DividendsPayableAmountPerShareIncludingInterimDividend" id="ts_DividendsPayableAmountPerShareIncludingInterimDividend" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend" id="ts_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" id="ts_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DividendsPaidPerAmericanDepositarySecurity" id="ts_DividendsPaidPerAmericanDepositarySecurity" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PropertyPlantAndEquipmentCapitalizedInterest" id="ts_PropertyPlantAndEquipmentCapitalizedInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="LandAndCivilBuildingsMember" id="ts_LandAndCivilBuildingsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IndustrialBuildingsPlantAndProductionEquipmentMember" id="ts_IndustrialBuildingsPlantAndProductionEquipmentMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="VehiclesFurnitureAndFixturesMember" id="ts_VehiclesFurnitureAndFixturesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SparePartsAndEquipmentMember" id="ts_SparePartsAndEquipmentMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="LicensesPatentsAndTrademarksMember" id="ts_LicensesPatentsAndTrademarksMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherBusinessCombinationsMember" id="ts_OtherBusinessCombinationsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TamsaHydrilAndOtherMember" id="ts_TamsaHydrilAndOtherMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SidercaHydrilAndOtherMember" id="ts_SidercaHydrilAndOtherMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="HydrilMember" id="ts_HydrilMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherCguMember" id="ts_OtherCguMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="RemainingLeasePaymentsToBeMadePercentage" id="ts_RemainingLeasePaymentsToBeMadePercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ReconciliationOfChangesInRightOfUseAssetsAbstract" id="ts_ReconciliationOfChangesInRightOfUseAssetsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" id="ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AcquisitionsThroughBusinessCombinationsRightOfUseAssets" id="ts_AcquisitionsThroughBusinessCombinationsRightOfUseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" id="ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DisposalsConsumptionsRightOfUseAssets" id="ts_DisposalsConsumptionsRightOfUseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="RightofuseAssetsAccumulatedDepreciation" id="ts_RightofuseAssetsAccumulatedDepreciation" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="RightofuseAssetsCost" id="ts_RightofuseAssetsCost" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="LeaseLiabilitiesIncreaseDueToBusinessCombinations" id="ts_LeaseLiabilitiesIncreaseDueToBusinessCombinations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="LeaseLiabilitiesTranslationDifferences" id="ts_LeaseLiabilitiesTranslationDifferences" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="LeaseLiabilitiesAdditions" id="ts_LeaseLiabilitiesAdditions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="LeaseLiabilitiesCancellations" id="ts_LeaseLiabilitiesCancellations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="LeaseLiabilitiesRepayments" id="ts_LeaseLiabilitiesRepayments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="LeaseLiabilitiesInterestAccrued" id="ts_LeaseLiabilitiesInterestAccrued" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="TerniumAndUsiminasMember" id="ts_TerniumAndUsiminasMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SeveralBanksToRefinanceObligationsMember" id="ts_SeveralBanksToRefinanceObligationsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ClosingPricePerAmericanDepositarySecurity" id="ts_ClosingPricePerAmericanDepositarySecurity" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ClosingPricePerShare" id="ts_ClosingPricePerShare" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" id="ts_TransportationCapacityAgreementPurchasingCapacityOfNaturalGasPerDay" type="xbrli:pureItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ExposureToTransportationCapacityAgreements" id="ts_ExposureToTransportationCapacityAgreements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ExposureToPurchaseAndOtherServiceAgreements" id="ts_ExposureToPurchaseAndOtherServiceAgreements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ExposureToThePurchaseOfCleanEnergyCertificates" id="ts_ExposureToThePurchaseOfCleanEnergyCertificates" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" id="ts_ProceedsFromRepaymentsOfLoansReceivableFromRelatedParties" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="ProportionOfCorporateGuaranteeCoveringObligations" id="ts_ProportionOfCorporateGuaranteeCoveringObligations" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DebtServiceCoverageRatioCoveredPercent" id="ts_DebtServiceCoverageRatioCoveredPercent" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="LettersOfCreditCovered" id="ts_LettersOfCreditCovered" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CorporateGuaranteeCoveringObligations" id="ts_CorporateGuaranteeCoveringObligations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" id="ts_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" id="ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" id="ts_InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DividendsDeclaredByNonconsolidatedCompanies" id="ts_DividendsDeclaredByNonconsolidatedCompanies" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" id="ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="OtherMember" id="ts_OtherMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NoncurrentReceivablesEmployeeAdvancesAndLoans" id="ts_NoncurrentReceivablesEmployeeAdvancesAndLoans" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" id="ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NoncurrentReceivablesFromInterestInVenezuelanCompanies" id="ts_NoncurrentReceivablesFromInterestInVenezuelanCompanies" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="InventoriesGross" id="ts_InventoriesGross" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="InventoriesAllowanceForObsolescence" id="ts_InventoriesAllowanceForObsolescence" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" id="ts_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentReceivablesAndPrepaymentsGovernmentEntities" id="ts_CurrentReceivablesAndPrepaymentsGovernmentEntities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" id="ts_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" id="ts_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" id="ts_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentReceivablesAndPrepaymentsGross" id="ts_CurrentReceivablesAndPrepaymentsGross" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentAllowanceForOtherDoubtfulAccounts" id="ts_CurrentAllowanceForOtherDoubtfulAccounts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentIncomeTaxAssets" id="ts_CurrentIncomeTaxAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentPrepaidTaxes" id="ts_CurrentPrepaidTaxes" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentIncomeTaxLiabilities" id="ts_CurrentIncomeTaxLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CurrentOtherTaxLiabilities" id="ts_CurrentOtherTaxLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CurrentTradeReceivablesCurrentAccounts" id="ts_CurrentTradeReceivablesCurrentAccounts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentTradeReceivablesGross" id="ts_CurrentTradeReceivablesGross" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentTradeReceivablesAllowanceForDoubtfulAccounts" id="ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="StatementTable" id="ts_StatementTable" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CurrentTradeReceivablesNotDueMember" id="ts_CurrentTradeReceivablesNotDueMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CurrentTradeReceivablesPastDueLessThan180DaysMember" id="ts_CurrentTradeReceivablesPastDueLessThan180DaysMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CurrentTradeReceivablesPastDueGreaterThan180DaysMember" id="ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CurrentTradeReceivablesGuaranteed" id="ts_CurrentTradeReceivablesGuaranteed" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentTradeReceivablesNotGuaranteed" id="ts_CurrentTradeReceivablesNotGuaranteed" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentTradeReceivablesExpectedLossRate" id="ts_CurrentTradeReceivablesExpectedLossRate" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="AllowanceForDoubtfulAccountsNetOfNominativeAllowances" id="ts_AllowanceForDoubtfulAccountsNetOfNominativeAllowances" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" id="ts_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="OtherInvestmentsCurrentAbstract" id="ts_OtherInvestmentsCurrentAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherInvestmentsCurrentFixedIncome" id="ts_OtherInvestmentsCurrentFixedIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherInvestmentsCurrentBondsAndOtherFixedIncome" id="ts_OtherInvestmentsCurrentBondsAndOtherFixedIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherInvestmentsNoncurrentAbstract" id="ts_OtherInvestmentsNoncurrentAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" id="ts_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherInvestmentsNoncurrentOthers" id="ts_OtherInvestmentsNoncurrentOthers" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="BankBorrowingsMember" id="ts_BankBorrowingsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BankOverdrafts1Member" id="ts_BankOverdrafts1Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FinanceLeaseLiabilitiesMember" id="ts_FinanceLeaseLiabilitiesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" id="ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="NoncurrentCostsOfIssueOfDebt" id="ts_NoncurrentCostsOfIssueOfDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="CurrentBorrowingsBeforeCostsOfIssueOfDebt" id="ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="CurrentCostsOfIssueOfDebt" id="ts_CurrentCostsOfIssueOfDebt" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="OtherBorrowingsMember" id="ts_OtherBorrowingsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="BorrowingsIncludingInterestToBeAccrued" id="ts_BorrowingsIncludingInterestToBeAccrued" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="SignificantBorrowingsAsOfClosingDateMember" id="ts_SignificantBorrowingsAsOfClosingDateMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SignificantBorrowingsOneAsOfClosingDateMember" id="ts_SignificantBorrowingsOneAsOfClosingDateMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SignificantBorrowingsTwoAsOfClosingDateMember" id="ts_SignificantBorrowingsTwoAsOfClosingDateMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaverickTubeCorporationAndSubsidiariesOneMember" id="ts_MaverickTubeCorporationAndSubsidiariesOneMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaverickTubeCorporationAndSubsidiariesTwoMember" id="ts_MaverickTubeCorporationAndSubsidiariesTwoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TamsaHydrilAndOtherOneMember" id="ts_TamsaHydrilAndOtherOneMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TamsaHydrilAndOtherTwoMember" id="ts_TamsaHydrilAndOtherTwoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TamsaHydrilAndOtherThreeMember" id="ts_TamsaHydrilAndOtherThreeMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SidercaSaicAndSubsidiariesMember" id="ts_SidercaSaicAndSubsidiariesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TamsaMember" id="ts_TamsaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="OtherCurrencyMember" id="ts_OtherCurrencyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EffectOfTranslationDifferencesOnLongtermBorrowings" id="ts_EffectOfTranslationDifferencesOnLongtermBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" id="ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" id="ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" id="ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" id="ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" id="ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfReclassificationsOnLongtermBorrowings" id="ts_EffectOfReclassificationsOnLongtermBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" id="ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfBusinessCombinationsOnLongtermBorrowings" id="ts_EffectOfBusinessCombinationsOnLongtermBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfBusinessCombinationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" id="ts_EffectOfBusinessCombinationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfOverdraftsVariationOnLongtermBorrowings" id="ts_EffectOfOverdraftsVariationOnLongtermBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" id="ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxAssetsRelatedToTaxableLossesOfSubsidiaries" id="ts_DeferredTaxAssetsRelatedToTaxableLossesOfSubsidiaries" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="RecognizedTaxLossesExpiringWithinOneYearPercentage" id="ts_RecognizedTaxLossesExpiringWithinOneYearPercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="RecognizedTaxLossesExpiringInTwoToFiveYearsPercentage" id="ts_RecognizedTaxLossesExpiringInTwoToFiveYearsPercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="RecognizedTaxLossesExpiringInMoreThanFiveYearsPercentage" id="ts_RecognizedTaxLossesExpiringInMoreThanFiveYearsPercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInLessThanOneYear" id="ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInLessThanOneYear" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringBetweenTwoAndFiveYears" id="ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringBetweenTwoAndFiveYears" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInMoreThanFiveYears" id="ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInMoreThanFiveYears" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DeferredTaxLiabilitiesFixedAssetsMember" id="ts_DeferredTaxLiabilitiesFixedAssetsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxLiabilitiesInventoryMember" id="ts_DeferredTaxLiabilitiesInventoryMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" id="ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxLiabilitiesMember" id="ts_DeferredTaxLiabilitiesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxAssetsProvisionsAndAllowancesMember" id="ts_DeferredTaxAssetsProvisionsAndAllowancesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxAssetsInventoryMember" id="ts_DeferredTaxAssetsInventoryMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxAssetsTaxLossMember" id="ts_DeferredTaxAssetsTaxLossMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="DeferredTaxAssetsOtherMember" id="ts_DeferredTaxAssetsOtherMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" id="ts_DeferredTaxLiabilityIncreaseDecreaseDueToAdoptionOfNewAccountingStandards" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
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  <xsd:element name="NoncurrentPostemploymentBenefits" id="ts_NoncurrentPostemploymentBenefits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
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  <xsd:element name="OtherNoncurrentMiscellaneousLiabilities" id="ts_OtherNoncurrentMiscellaneousLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" id="ts_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities" id="ts_DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
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  <xsd:element name="EquityInstrumentsPercentContributedToFairValueOfPlanAssets" id="ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="DebtInstrumentsPercentContributedToFairValueOfPlanAssets" id="ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="OtherAssetsPercentContributedToFairValueOfPlanAssets" id="ts_OtherAssetsPercentContributedToFairValueOfPlanAssets" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="CurrentEmployeeRelatedLiabilities" id="ts_CurrentEmployeeRelatedLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="OtherCurrentMiscellaneousLiabilities" id="ts_OtherCurrentMiscellaneousLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="ProvisionForNoncurrentLiabilitiesMember" id="ts_ProvisionForNoncurrentLiabilitiesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" id="ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AllowanceForInventoryObsolescenceMember" id="ts_AllowanceForInventoryObsolescenceMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseThroughReversalsAndAdditionalAllowances" id="ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="IncreaseDecreaseAdditionalAllowancesOtherProvisions" id="ts_IncreaseDecreaseAdditionalAllowancesOtherProvisions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
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  <xsd:element name="SalesRisksMember" id="ts_SalesRisksMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ProvisionsForCurrentLiabilitiesMember" id="ts_ProvisionsForCurrentLiabilitiesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AdditionalProvisionsOtherProvisionsReversals" id="ts_AdditionalProvisionsOtherProvisionsReversals" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="DerivativesHedgingBorrowingsAndInvestmentsMember" id="ts_DerivativesHedgingBorrowingsAndInvestmentsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="DerivativeFinancialAssetsLiabilities" id="ts_DerivativeFinancialAssetsLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" id="ts_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" id="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" id="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" id="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" id="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" id="ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" id="ts_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="TermTwoMember" id="ts_TermTwoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" id="ts_TaxContingentLiabilityRelatedToFiscalYear2015InterestAndPenaltiesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="LinePipeProductMember" id="ts_LinePipeProductMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CompanhiaSiderrgicaNacionalMember" id="ts_CompanhiaSiderrgicaNacionalMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TribunalDeContasDaUniaoMember" id="ts_TribunalDeContasDaUniaoMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TransportadoraDeGasDelNorteSaMember" id="ts_TransportadoraDeGasDelNorteSaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PraxairSAMember" id="ts_PraxairSAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="GraftechMember" id="ts_GraftechMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ValeInternationalSAMember" id="ts_ValeInternationalSAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CanadianNationalRailwayMember" id="ts_CanadianNationalRailwayMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AirLiquideMexicoSDeRLDeCVMember" id="ts_AirLiquideMexicoSDeRLDeCVMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NucorSteelMemphisIncMember" id="ts_NucorSteelMemphisIncMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TerniumMexicoSADeCVMember" id="ts_TerniumMexicoSADeCVMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="VoestalpineGrobblechGmbhMember" id="ts_VoestalpineGrobblechGmbhMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ChubbMember" id="ts_ChubbMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="VeracelCeluloseSaMember" id="ts_VeracelCeluloseSaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TagalongTenderOfferToNoncontrollingInterestsPercentage" id="ts_TagalongTenderOfferToNoncontrollingInterestsPercentage" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="TagalongTenderOfferToNoncontrollingInterests" id="ts_TagalongTenderOfferToNoncontrollingInterests" type="num:perShareItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="TagalongTenderOfferToNoncontrollingInterestsShares" id="ts_TagalongTenderOfferToNoncontrollingInterestsShares" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="TagalongTenderOfferToNoncontrollingInterestsContingentLiability" id="ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="PaymentsForSettlement" id="ts_PaymentsForSettlement" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="SettlementAmountOrderedToPay" id="ts_SettlementAmountOrderedToPay" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="SettlementAmountOrderedToPayInsuranceDeductible" id="ts_SettlementAmountOrderedToPayInsuranceDeductible" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="SettlementAmountOrderedToPayDamages" id="ts_SettlementAmountOrderedToPayDamages" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="AllegedOverpriceThatWillBeReducedAmount" id="ts_AllegedOverpriceThatWillBeReducedAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FineImposedPercentageOfAllegedlyUndueCredits" id="ts_FineImposedPercentageOfAllegedlyUndueCredits" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="TermOfSupplyContract" id="ts_TermOfSupplyContract" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PurchaseCommitments" id="ts_PurchaseCommitments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="PurchaseCommitmentsPercentageToBeMade" id="ts_PurchaseCommitmentsPercentageToBeMade" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="ProportionOfPowerGenerationCapacity" id="ts_ProportionOfPowerGenerationCapacity" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="PercentOfAnnualIronOreNeedsSupplied" id="ts_PercentOfAnnualIronOreNeedsSupplied" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="MaximumNumberOfTonsOfPelletsSuppliedAnnually" id="ts_MaximumNumberOfTonsOfPelletsSuppliedAnnually" type="num:massItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="PerformanceGuaranteesIssued" id="ts_PerformanceGuaranteesIssued" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="MasterDistributionAgreementTerm" id="ts_MasterDistributionAgreementTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="TermOfSupplyContractAvailableExtension" id="ts_TermOfSupplyContractAvailableExtension" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="PenaltiesImposed" id="ts_PenaltiesImposed" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="DumpingRateImposed" id="ts_DumpingRateImposed" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" id="ts_FavourablePercentageExpectedOfDutiesAndTariffsOnImportValueOfProduct" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="RenewableTermOfSupplyContract" id="ts_RenewableTermOfSupplyContract" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="AreaOfLand1" id="ts_AreaOfLand1" type="xbrli:decimalItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="PercentageOfEntitysNetEquity" id="ts_PercentageOfEntitysNetEquity" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets" id="ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="IncomeTaxAccrualsLessPaymentsAbstract" id="ts_IncomeTaxAccrualsLessPaymentsAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InterestAccrualsLessPaymentsNetAbstract" id="ts_InterestAccrualsLessPaymentsNetAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InterestAccrued" id="ts_InterestAccrued" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="SanFaustinSaMember" id="ts_SanFaustinSaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfOwnershipInterest" id="ts_PercentageOfOwnershipInterest" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="UnitsIssuedRelatedPartyTransactions" id="ts_UnitsIssuedRelatedPartyTransactions" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="RevenueRelatedPartyTransactions" id="ts_RevenueRelatedPartyTransactions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element name="PurchasesOfGoodsAndServicesRelatedPartyTransactions" id="ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="AmountsReceivablePayableRelatedPartyTransactions" id="ts_AmountsReceivablePayableRelatedPartyTransactions" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FinanceLeaseLiabilitiesFromNonconsolidatedParties" id="ts_FinanceLeaseLiabilitiesFromNonconsolidatedParties" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" id="ts_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="FinancialDebtRelatedParties" id="ts_FinancialDebtRelatedParties" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="AuditorsRemunerationForAuditrelatedFees" id="ts_AuditorsRemunerationForAuditrelatedFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="HydrilCompanyAndSubsidiariesMember" id="ts_HydrilCompanyAndSubsidiariesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TechnicalDrillingProductionServicesNigeriaLtdMember" id="ts_TechnicalDrillingProductionServicesNigeriaLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisSupplyChainSAMember" id="ts_TenarisSupplyChainSAMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TubularTechnicalServicesAndPipeCoatersMember" id="ts_TubularTechnicalServicesAndPipeCoatersMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AmajaTubularServicesLimitedMember" id="ts_AmajaTubularServicesLimitedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TubularServicesAngolaLdaMember" id="ts_TubularServicesAngolaLdaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisBaogangBaotouSteelPipesLtdMember" id="ts_TenarisBaogangBaotouSteelPipesLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AlgomaTubesIncMember" id="ts_AlgomaTubesIncMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="IPSCOTUBULARSINCAndSubsidiariesMember" id="ts_IPSCOTUBULARSINCAndSubsidiariesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="KazakhstanPipeThreadersLimitedMember" id="ts_KazakhstanPipeThreadersLimitedMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MaverickTubeCorporationAndSubsidiariesMember" id="ts_MaverickTubeCorporationAndSubsidiariesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PtSeamlessPipeIndonesiaJayaMember" id="ts_PtSeamlessPipeIndonesiaJayaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PrudentialSteelLtdMember" id="ts_PrudentialSteelLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ScSilcotubSaMember" id="ts_ScSilcotubSaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SiatSociedadAnonimaMember" id="ts_SiatSociedadAnonimaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TaltatradingEMarketingSociedadeUnipessoalLdaMember" id="ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisConnectionsBvMember" id="ts_TenarisConnectionsBvMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisFinancialServicesSaMember" id="ts_TenarisFinancialServicesSaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisGlobalServicesCanadaIncMember" id="ts_TenarisGlobalServicesCanadaIncMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisGlobalServicesUsaCorporationMember" id="ts_TenarisGlobalServicesUsaCorporationMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisGlobalServicesUkLtdMember" id="ts_TenarisGlobalServicesUkLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisGlobalServicesSaAndSubsidiariesMember" id="ts_TenarisGlobalServicesSaAndSubsidiariesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisInvestmentsNLBVMember" id="ts_TenarisInvestmentsNLBVMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisInvestmentsNLBVAndSubsidiariesMember" id="ts_TenarisInvestmentsNLBVAndSubsidiariesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisInvestmentsSrlMember" id="ts_TenarisInvestmentsSrlMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" id="ts_TenarisInvestmentsSwitzerlandAgAndSubsidiariesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TenarisTubocaribeLtdaMember" id="ts_TenarisTubocaribeLtdaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TubosDeAceroDeMexicoSaMember" id="ts_TubosDeAceroDeMexicoSaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NationalizationOfSubsidiariesReimbursementExpenses" id="ts_NationalizationOfSubsidiariesReimbursementExpenses" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ManufacturingCapacitySteelPipes" id="ts_ManufacturingCapacitySteelPipes" type="num:massItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="AwardsPurchaseAgreementMember" id="ts_AwardsPurchaseAgreementMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="WorkingCapitalRecognisedAsOfAcquisitionDate" id="ts_WorkingCapitalRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ProvisionsRecognisedAsOfAcquisitionDate" id="ts_ProvisionsRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element name="OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" id="ts_OtherAssetsAndLiabilitiesNetRecognisedAsOfAcquisitionDate" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="VenezuelanCompaniesMember" id="ts_VenezuelanCompaniesMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="MatesiMaterialesSiderrgicosSaMember" id="ts_MatesiMaterialesSiderrgicosSaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="TavsaAndComsiguaMember" id="ts_TavsaAndComsiguaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" id="ts_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="FederalCourtInDistrictOfColumbiaMember" id="ts_FederalCourtInDistrictOfColumbiaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest" id="ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NationalizationOfSubsidiariesPreawardInterest" id="ts_NationalizationOfSubsidiariesPreawardInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees" id="ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NationalizationOfSubsidiariesReimbursementOfLegalFees" id="ts_NationalizationOfSubsidiariesReimbursementOfLegalFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" id="ts_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NationalizationOfSubsidiariesPostawardInterestRate" id="ts_NationalizationOfSubsidiariesPostawardInterestRate" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" id="ts_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NationalizationOfSubsidiariesCompensationAwardPostawardInterest" id="ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" id="ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" id="ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" id="ts_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" id="ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="NationalizationOfSubsidiariesInterestRateBasisSpread" id="ts_NationalizationOfSubsidiariesInterestRateBasisSpread" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NationalizationOfSubsidiariesBasisSpreadOnVariableRate" id="ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="WeldedPipePlantInWestSiberiaMember" id="ts_WeldedPipePlantInWestSiberiaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="SteelPipePremiumConnectionThreadingPlantInBaotouMember" id="ts_SteelPipePremiumConnectionThreadingPlantInBaotouMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PAOPSeverstalMember" id="ts_PAOPSeverstalMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="InnerMongoliaBaotouSteelUnionCompanyLtdMember" id="ts_InnerMongoliaBaotouSteelUnionCompanyLtdMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="JfeMember" id="ts_JfeMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EstimatedInvestmentsInJointVenturesForNextFiscalYear" id="ts_EstimatedInvestmentsInJointVenturesForNextFiscalYear" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" id="ts_EstimatedManufacturingCapacitySteelPipesForNextFiscalYear" type="num:massItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="instant" />
  <xsd:element name="UnusualOrInfrequentItem1Table" id="ts_UnusualOrInfrequentItem1Table" type="xbrli:stringItemType" substitutionGroup="xbrldt:hypercubeItem" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CommoditiesDerivativeContractsIronOreMember" id="ts_CommoditiesDerivativeContractsIronOreMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" id="ts_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CommoditiesDerivativeContractsHoustonShipChannelGasMember" id="ts_CommoditiesDerivativeContractsHoustonShipChannelGasMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PurchaseCommodityContractMember" id="ts_PurchaseCommodityContractMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="UnusualOrInfrequentItem1LineItems" id="ts_UnusualOrInfrequentItem1LineItems" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="AnnualDividendProposalMember" id="ts_AnnualDividendProposalMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="WindFarmInArgentinaMember" id="ts_WindFarmInArgentinaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="EstimatedInvestmentsPlanWindfarm" id="ts_EstimatedInvestmentsPlanWindfarm" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
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  <xsd:element name="SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember" id="ts_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="CommoditiesDerivativeContractsElectricEnergyMember" id="ts_CommoditiesDerivativeContractsElectricEnergyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="CommoditiesDerivativeContractsTitleTransferFacilityGasMember" id="ts_CommoditiesDerivativeContractsTitleTransferFacilityGasMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" id="ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
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  <xsd:element name="ProportionOfOwnershipInterestPurchaseInAssociate" id="ts_ProportionOfOwnershipInterestPurchaseInAssociate" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="IncreaseInCorporateGuaranteeCoveringObligations" id="ts_IncreaseInCorporateGuaranteeCoveringObligations" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="credit" xbrli:periodType="instant" />
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  <xsd:element name="ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" id="ts_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="ContingentLiabilityForCivilPenaltyMember" id="ts_ContingentLiabilityForCivilPenaltyMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PetroleoBrasileiroSaMember" id="ts_PetroleoBrasileiroSaMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="PresidenteNestorKirchnerGasPipelineMember" id="ts_PresidenteNestorKirchnerGasPipelineMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
  <xsd:element name="PercentOfMinimumTransferOfNetProfitToLegalReserve" id="ts_PercentOfMinimumTransferOfNetProfitToLegalReserve" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
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  <xsd:element name="ProvisionUsedOtherProvisionsMovements" id="ts_ProvisionUsedOtherProvisionsMovements" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="NumberOfSharesToBePurchasedUnderAgreement" id="ts_NumberOfSharesToBePurchasedUnderAgreement" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
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  <xsd:element name="NonCurrentLegalDeposits" id="ts_NonCurrentLegalDeposits" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element name="ImpairmentLossReversalOfImpairmentLossNonDeductible" id="ts_ImpairmentLossReversalOfImpairmentLossNonDeductible" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" id="ts_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember" type="nonnum:domainItemType" substitutionGroup="xbrli:item" nillable="true" abstract="true" xbrli:periodType="duration" />
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  <xsd:element name="CTAForeignExchangeRiskCurrencyExposure" id="ts_CTAForeignExchangeRiskCurrencyExposure" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element name="PercentageOfVotingCapitalInControlGroup" id="ts_PercentageOfVotingCapitalInControlGroup" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="MajorityPercentageOfControlGroupShares" id="ts_MajorityPercentageOfControlGroupShares" type="num:percentItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" id="ts_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
  <xsd:element name="NumberOfTradingDaysToCalculateMovingAverageSharePrice" id="ts_NumberOfTradingDaysToCalculateMovingAverageSharePrice" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" abstract="false" xbrli:periodType="duration" />
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.2
<SEQUENCE>14
<FILENAME>ex22_1.htm
<DESCRIPTION>EXHIBIT 2.2
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt 0pt 12pt 14.2pt; text-align: right; text-indent: -14.2pt; line-height: 1.2;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">Exhibit </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">2</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">.</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">2</font></p>
<p style="margin: 0pt 0pt 12pt 14.2pt; text-indent: -14.2pt; line-height: 1.2;"><font style="color: rgb(0, 51, 102); font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">Description of securities</font></p>
<p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The shares </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">of Tenaris S.A. (the &#8220;</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; text-decoration: underline; line-height: inherit;">Company</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&#8221;) </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">are listed on the Mexican Stock Exchange and its ADSs are listed on the NYSE under the symbol &#8220;TS&#8221;. The shares are also listed on the Italian Stock Exchange under the symbol &#8220;TEN&#8221;. Trading on the NYSE and the Mexican Stock Exchange began on December</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">16, 2002, and trading on the Italian Stock Exchange began on December</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">17, 2002.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">Memorandum and Articles of Association</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The Company&#8217;s authorized share capital is fixed by the Company&#8217;s articles of association as amended from time to time with the approval of shareholders at an extraordinary general shareholders&#8217; meeting. The Company has an authorized share capital of a single class of 2,500,000,000 shares having a nominal value of USD1.00 per share. There </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">are currently</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> 1,180,536,830 shares issued. All issued shares are fully paid.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The Company&#8217;s articles of association authorize the board of directors, or any delegate(s) duly appointed by the board of directors, to issue shares within the limits of the authorized share capital against contributions in cash, contributions in kind or by way of available reserves, at such time and on such terms and conditions, including the issue price, as the board of directors, or its delegate(s), may in its or their discretion resolve. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The Company&#8217;s extraordinary shareholders&#8217; meeting held on June 2, 2020 approved the renewal for an additional five-year period of the authorization granted to the board of directors to waive, suppress or limit any preemptive subscription rights of shareholders provided for by law to the extent it deems such waiver, suppression or limitation advisable for any issue or issues of shares within the authorized share capital; and have waived any preemptive subscription rights provided for by law and related procedures. The validity period of such authorization will expire on June 12, 2025. However, under the Company&#8217;s articles of association, the Company&#8217;s existing shareholders shall have a preferential right to subscribe for any new shares issued pursuant to the authorization granted to its board of directors, except in the following cases (in which cases no preemptive subscription rights shall apply):</font></p>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 0pt 27.6pt; padding-left: 8.4pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">any issuance of shares (including, without limitation, the direct issuance of shares or upon the exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares) against a contribution </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">other</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> than in cash; </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;">and</font></li>
</ul>
<ul>
<li style="font-family: Symbol; font-size: 10pt; line-height: 108%; margin: 0pt 0pt 12pt 27.6pt; padding-left: 8.4pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">any issuance of shares (including by way of free shares or at discount), up to an amount equal to 1.5% of the issued share capital of the Company, to directors, officers, agents or employees of the Company, its direct or indirect subsidiaries, or its affiliates, including, without limitation, the direct issuance of shares or upon </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">the</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> exercise of options, rights convertible into shares, or similar instruments convertible or exchangeable into shares, issued for the purpose of compensation or incentive for any such persons or in relation thereto (which the board of directors shall be authorized to issue upon such terms and conditions as it deems fit).</font></li>
</ul>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Amendment of the Company&#8217;s articles of association requires the approval of shareholders at an extraordinary shareholders&#8217; meeting with a two-thirds majority vote of the shares represented at the meeting.</font></p>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">Dividends</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Subject to applicable law, all shares (including shares underlying ADSs) are entitled to participate equally in dividends when, as and if declared by the shareholders at the annual general shareholders&#8217; meeting, out of funds legally available for such purposes.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Dividends may be lawfully declared and paid if the Company&#8217;s net </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">profits</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> and distributable reserves are sufficient under Luxembourg law. The amount and payment of dividends must be approved by a majority vote </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">at a general shareholders&#8217; meeting, generally, but not necessarily, based on the recommendation of the Company&#8217;s board of directors. Under Article 21 of the Company&#8217;s articles of association, the board of directors has the power to distribute interim dividends out of profits, share premium or any other available reserves, in accordance with applicable law, in particular in accordance with the conditions set forth in Article 461-3 of the Luxembourg Company Law. Such dividend payments must be finally approved by the general shareholders&#8217; meeting. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">As provided by Article 21 of the Company&#8217;s articles of association, dividends or other distributions declared by the general meeting as well as interim dividends or other distributions declared by the board of directors will be distributed at the times and places determined by the board of directors. The Company will make any and all dividend payments and any other distributions in respect of shares registered in the name of any securities settlement system or operator of such a system or in the name of any financial institution or other professional depositary of securities or any other depositary, whether in cash, shares or other assets, only to such registered holder, or otherwise in accordance with such registered holder&#8217;s instructions, and, as provided by Article 21 of the Company&#8217;s articles of association, that payment shall release the Company from any and all obligations for such payment.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 2pt 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The Company conducts and will continue to conduct its operations through subsidiaries and, accordingly, its main source of cash to pay dividends, among other possible sources, will be the dividends received from its subsidiaries. </font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 2pt 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 2pt 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Under Luxembourg law, claims for dividends will lapse in favor of the Company five years after the date such dividends are declared. However, the Company may elect to pay a declared dividend after such period. Declared and unpaid dividends held by the Company for the account of its shareholders do not bear interest.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 2pt 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 2pt 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Pursuant to Luxembourg law, at least 5% of our net profits per year must be allocated to the creation of a legal reserve until such reserve has reached an amount equal to 10% of our issued share capital. If the legal reserve later falls below the 10% threshold, at least 5% (or such lower amount required to reach the 10% threshold) of net profits again must </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">be</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> allocated toward the reserve. As of December 31, 2022, the Company&#8217;s legal reserve represented 10% of its share capital. </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The legal reserve is not available for distribution.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt; break-after: avoid;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">Shareholders&#8217; Meetings</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">; </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">Voting Rights</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">; Election of Directors</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Each share entitles the holder thereof to one vote at the Company&#8217;s general shareholders&#8217; meetings. Shareholder action by written consent is not permitted, but proxy voting is permitted. Notices of general shareholders&#8217; meetings are governed by the provisions of Luxembourg law and the Company&#8217;s articles of association. Pursuant to applicable Luxembourg law, the Company must give notice of the calling of any general shareholders&#8217; meeting at least 30 days prior to the date for which the meeting is being called, by publishing the relevant convening notice in the </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;">Recueil</font> <font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;">Electronique</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;"> des </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;">Soci&#233;t&#233;s</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;"> et Associations</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> (Luxembourg&#8217;s electronic official gazette) and in a leading newspaper having general circulation in Luxembourg and by issuing a press release informing of the calling of such meeting. In case the Company&#8217;s shares are listed on a foreign regulated market, notices of general shareholders&#8217; meetings shall also comply with the requirements (including as to content and publicity) and follow the customary practices of such regulated market.</font></p>
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<td class="pgno" style=" padding: 0px; text-align: center;"><font style=" font-size: 10pt;" class="pageno"><font class='pageno'>2</font></font></td>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Pursuant to the Company&#8217;s articles of association, for as long as the shares or other securities of the Company are listed on a regulated market within the European Union (as they currently are), and unless otherwise provided by applicable law, only shareholders holding shares as of midnight, central European time, on the day that is fourteen days prior to the day of any given general shareholders&#8217; meeting can attend and vote at such meeting. The board of directors may determine other conditions that must be satisfied by shareholders in order to participate in a general shareholders&#8217; meeting in person or by proxy, including with respect to deadlines for submitting supporting documentation to or for the Company.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">No attendance quorum is required at ordinary general shareholders&#8217; meetings, and resolutions may be adopted by a simple majority of the votes validly cast, irrespective of the number of shares present or represented. Unless otherwise provided by applicable law, an extraordinary general shareholders&#8217; meeting may not validly deliberate on proposed amendments to the Company&#8217;s articles of association unless a quorum of at least half of the share capital is represented at the meeting. If a quorum is not reached at the first extraordinary shareholders&#8217; meeting, a second extraordinary shareholders&#8217; meeting may be convened in accordance with the Company&#8217;s articles of association and applicable law and such second extraordinary general shareholders&#8217; meeting shall validly deliberate regardless of the number of shares represented. In both cases, the Luxembourg Company Law and the Company&#8217;s articles of association require that any resolution of an extraordinary general shareholders&#8217; meeting as to amendments to the Company&#8217;s articles of association be adopted by a two-thirds majority of the votes validly cast at the meeting. If a proposed resolution consists of changing the Company&#8217;s nationality or of increasing the shareholders&#8217; commitments, the unanimous consent of all shareholders is required.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Cumulative voting is not permitted. The Company&#8217;s articles of association do not provide for staggered terms and directors are elected for a maximum of one year but may be reappointed or removed at any time, with or without cause, by the general shareholders&#8217; meeting, by resolution passed by a simple majority vote of the shares validly cast at the meeting. In the case of a vacancy occurring in the board of directors, the remaining directors shall have the right to temporarily fill such vacancy with a temporary director appointed by resolution adopted with the affirmative vote of a majority of the remaining directors; provided that the next general shareholder&#8217;s meeting shall be called upon to ratify such appointment. The term of any such temporary director elected to fill a vacancy shall expire at the end of the term of office of the replaced director.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The articles of association provide that annual general shareholders&#8217; meetings shall meet in Luxembourg within six months from the end of the previous financial year at the date, place and hour indicated in the convening notice. </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The rights of the shareholders attending the meetings are governed by Shareholders&#8217; Rights Law.</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Holders of shares deposited in fungible securities accounts have the same rights and obligations as holders of shares recorded in the Company&#8217;s share register. However, </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">in order to</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> be able to participate in and vote at shareholders&#8217; meetings of the Company, the former must submit, prior to the relevant meeting, reasonably satisfactory evidence to the Company as to the number of shares held on the applicable record date for such meeting.</font> <font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">For as long as the shares or the other securities of the Company are listed on a regulated market within the European Union, participation in a shareholders&#8217; general meeting shall </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;">inter alia</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> be subject to the relevant shareholder holding shares of the Company on the fourteenth day midnight Central European Time prior to the meeting (unless otherwise provided for by applicable law).</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Holders of ADSs only have those rights that are expressly granted to them in the deposit agreement. ADS holders may not attend or directly exercise voting rights in shareholder&#8217; meetings, but holders of record of our ADSs as of the relevant ADS holders&#8217; record date set for any given general shareholders&#8217; meeting are entitled to instruct the Depositary as to the exercise of the voting rights in respect of the shares underlying such holder&#8217;s ADSs at such meeting. Holders of ADSs maintaining non-certificated positions must follow voting instructions given by their broker or custodian bank.</font></p>
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<td class="pgno" style=" padding: 0px; text-align: center;"><font style=" font-size: 10pt;" class="pageno"><font class='pageno'>3</font></font></td>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0px; text-indent: 0px;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"><br></font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt; break-after: avoid;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">Appraisal Rights</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">In the event the Company&#8217;s shareholders approve:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">the delisting of the shares from all stock exchanges where the shares are listed at that time,</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">a merger in which the Company is not the surviving entity (unless the shares or other equity securities of such entity are listed on the New York or London stock exchanges),</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">a sale, lease, </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">exchange</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> or other disposition of all or substantially all of the Company&#8217;s assets,</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">an amendment of our articles of association that has the effect of materially changing the Company&#8217;s corporate purpose,</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">the relocation of the Company&#8217;s domicile outside of the Grand Duchy of Luxembourg, </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;">or</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">amendments to the Company&#8217;s articles of association that restrict the rights of the Company&#8217;s shareholders.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Dissenting or absent shareholders have the right to have their shares repurchased by the Company at (i)</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">the average market value of the shares over the 90 calendar days preceding the applicable shareholders&#8217; meeting or (ii)</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">in the event that the shares are not traded on a regulated market, the amount that results from applying the proportion of the Company&#8217;s equity that the shares being sold represent over the Company&#8217;s net worth as of the date of the applicable shareholders&#8217; meeting.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Dissenting or absent shareholders must present their claim within one month following the date of the shareholders&#8217; meeting and supply the Company with evidence of their shareholding at the time of such meeting. The Company must (to the extent permitted by applicable laws and regulations and in compliance therewith) repurchase its shares within six months following the date of the shareholders&#8217; meeting.</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">If delisting from one or more, but not all, of the stock exchanges where the shares are listed is approved in the shareholders&#8217; meeting, only dissenting or absent shareholders with shares held through participants in the local clearing system for that market or markets can exercise this appraisal right if:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">they held the shares as of the date of the announcement by the Company of its intention to delist or as of the date of publication of the first convening notice for the general shareholders&#8217; meeting that approved the delisting; </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;">and</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 6pt 0pt 0pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">they present their claim within one month following the date of the general shareholders&#8217; meeting and supply evidence of their shareholding as of the date of the Company&#8217;s announcement or the publication of the first convening notice to the meeting.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">In the event a shareholder exercises its appraisal rights, applicable Luxembourg law provisions shall apply.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Holders of ADSs may not be able to exercise, or may encounter difficulties in the exercise of, certain rights afforded to shareholders, including appraisal rights.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"><br></font></p>
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<td class="pgno" style=" padding: 0px; text-align: center;"><font style=" font-size: 10pt;" class="pageno"><font class='pageno'>4</font></font></td>
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<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><br></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">American </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;">Depositary</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-weight: bold; line-height: inherit;"> Shares</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt;"><font style="font-family: Calibri; font-size: 11pt; line-height: inherit;">&nbsp;</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt; break-after: avoid;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Deutsche Bank Trust Company Americas act</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">s</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> as depositary under the ADSs deposit agreement. </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">As long as</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> the deposit agreement remains in effect, the Company will furnish the Depositary with:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 12pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">its</font> <font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">annual</font> <font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">reports</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">, </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; font-style: italic; line-height: inherit;">and</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 12pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">copies of all notices of shareholders&#8217; meetings and other reports and communications that are made generally available to the Company&#8217;s shareholders.</font></li>
</ul>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The Depositary will, as provided in the deposit agreement and if requested in writing by the Company, arrange for the mailing of such reports, notices and communications to all record holders of ADSs, on a basis similar to that for holders of shares, or on such other basis as the Company may advise the Depositary may be required by any applicable law or regulation or any requirement of any stock exchange to which the Company may be subject. Any reports and communications, including any proxy solicitation material, shall be furnished in English to the extent such materials are required to be translated into English pursuant to any regulations of the SEC.</font></p>
<p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Any record holder of ADSs may read the reports, notices, and other communications including any proxy solicitation material at the Depositary&#8217;s office located at One Columbus Circle, New York, New York 10019.</font></p>
<p style="font-size: 11pt; line-height: 1.2; margin: 0pt 0pt 12pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">In addition, such reports, </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">notices</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> and other communications are made available to all shareholders and holders of ADSs on the Company&#8217;s website at: </font><font style="color: rgb(5, 99, 193); font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; text-decoration: underline; line-height: inherit;">https://ir.tenaris.com/investor-relations</font></p>
<p style="margin: 0pt 0pt 12pt; break-after: avoid; line-height: 1.2;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">According to the Company&#8217;s deposit agreement, holders of ADSs may have to pay to the Depositary, either directly or indirectly, fees or charges up to the amounts set forth below:</font></p>
<ul>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 12pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">A fee of $5.00 (or less) per 100 ADSs (or portion of 100 ADSs) for: issuance of ADSs, including issuances resulting from a distribution of shares or rights or other property; and cancellation of ADSs for the purpose of withdrawal, including if the deposit agreement terminates.</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 12pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">A fee of $0.02 (or less) per ADSs for any cash distribution to ADS registered holders, excluding cash dividend.</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 12pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Any charges for taxes and other governmental charges that the Depositary or the custodian may be required to pay on any ADS or share underlying an ADS (e.g., share transfer taxes, stamp duty or withholding taxes); and any charges incurred by the Depositary or its agents for servicing the depositary securities.</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 12pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Registration or transfer fees for transfer and registration of shares on our share register to or from the name of the Depositary or its agent when you deposit or withdraw shares.</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 12pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Expenses of the Depositary for cable, </font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">telex</font><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;"> and facsimile transmissions (when expressly provided in the deposit agreement) and conversion of foreign currency.</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 12pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">A fee equivalent to the fee that would be payable if securities distributed to ADS holders had been shares and the shares had been deposited for issuance of ADSs for distribution of securities distributed to holders of deposited securities which are distributed by the Depositary to ADS registered holders.</font></li>
<li style="font-family: Symbol; font-size: 8pt; margin: 0pt 0pt 12pt 8.68pt; padding-left: 19.67pt; text-indent: 0pt;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">As necessary, charges for any costs incurred by the Depositary or its agents for servicing the deposited securities.</font></li>
</ul>
<p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">The Depositary collects its fees for delivery and surrender of ADSs directly from investors depositing shares or surrendering ADSs for the purpose of withdrawal or from intermediaries acting for them. The Depositary collects fees for making distributions to investors by deducting those fees from the amounts distributed or by selling a portion of distributable property to pay the fees. The Depositary may collect its annual fee for depositary services by deduction from cash distributions or by directly billing investors or by charging the book-entry system accounts of participants acting for them. The Depositary may generally refuse to provide fee-attracting services until its fees for those services are paid.</font></p>
<p style="margin: 0pt 0pt 12pt; line-height: 1.2;"><font style="font-family: &quot;Frutiger 45 Light&quot;; font-size: 10pt; line-height: inherit;">Under the deposit agreement with the Depositary, the Depositary is not liable to holders of ADSs, except that the Depositary agrees to perform its obligations specifically set forth therein without gross negligence and willful misconduct.</font></p>
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<td class="pgno" style=" padding: 0px; text-align: center;"><font style=" font-size: 10pt;" class="pageno"><font class='pageno'>5</font></font></td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>15
<FILENAME>ex81_2.htm
<DESCRIPTION>EXHIBIT 8.1
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0pt 0pt 12pt; page-break-after: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Exhibit 8.1</font></p>
<p style="margin: 0pt 0pt 12pt; page-break-after: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Principal</font><font style="font-weight: bold;"> subsidiaries</font></font></p>
<p style="line-height: 12pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We conduct all our operations through subsidiaries. The following table shows the principal subsidiaries of the Company and its direct and indirect ownership in each subsidiary as of December 31, 2022, 2021 and 2020.</font></p>
<p style="line-height: 12pt; margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 458px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%">

<tr style="height: 35px;">
<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 52px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Company</font></p>
</td>
<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 52px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Country of Incorporation</font></p>
</td>
<td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 52px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Main activity</font></p>
</td>
<td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Percentage of ownership at December 31, (*)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 42%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ALGOMA TUBES INC.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Canada</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 30%; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of welded and seamless steel pipes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 6%; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 6%; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 6%; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">CONFAB INDUSTRIAL S.A. and subsidiaries</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of welded steel pipes and capital goods</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">DALMINE S.p.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Italy</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of seamless steel pipes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">HYDRIL COMPANY and subsidiaries</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USA</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacture and marketing of premium connections</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">IPSCO TUBULARS INC. and subsidiaries</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USA</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of welded and seamless steel pipes </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">MAVERICK TUBE CORPORATION and subsidiaries</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USA</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of welded and seamless steel pipes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">P.T. SEAMLESS PIPE INDONESIA JAYA</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Indonesia</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of seamless steel products</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">S.C. SILCOTUB S.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Romania</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of seamless steel pipes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">SAUDI STEEL PIPE CO.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Saudi Arabia</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of welded steel pipes </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">SIAT SOCIEDAD ANONIMA</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Argentina</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of welded steel pipes </font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (a)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Argentina</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of seamless steel pipes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 21px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 21px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TALTA - TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Portugal</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Holding Company</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 21px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS BAY CITY, INC.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USA</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of welded and seamless steel pipes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS CONNECTIONS BV</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Netherlands</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Development, management and licensing of intellectual property</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS FINANCIAL SERVICES S.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial company</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS GLOBAL SERVICES (CANADA) INC.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Canada</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Marketing of steel products</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USA</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Marketing of steel products</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS GLOBAL SERVICES (UK) LTD</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">United Kingdom</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Holding company and marketing of steel products</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS GLOBAL SERVICES S.A. and subsidiaries (except detailed) (b)</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Holding company, marketing and distribution of steel products</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS INVESTMENTS (NL) B.V. and subsidiaries</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Netherlands</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Holding company</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS INVESTMENTS S.&#224;r.l.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Luxembourg</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Holding company</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS QINGDAO STEEL PIPES LTD.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">China</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Processing of premium joints, couplings and automotive components</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TENARIS TUBOCARIBE LTDA.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Colombia</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of welded and seamless steel pipes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">TUBOS DE ACERO DE MEXICO, S.A.</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mexico</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Manufacturing of seamless steel pipes</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
<td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100%</font></p>
</td>
</tr>

</table>
<p style="line-height: 10pt; margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 58px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 472.5pt; height: 16px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">
<p style="line-height: 10pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(*) All percentages rounded.</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 472.5pt; height: 16px;">
<p style="line-height: 10pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(a) Tenaris holds 51% of NKKTubes.</font></p>
</td>
</tr>
<tr style="height: 26px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 472.5pt; height: 26px;">
<p style="line-height: 10pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(b) Tenaris holds 98,4% of Tenaris Supply Chain S.A., 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of Amaja Tubular Services Limited, 60% of Tenaris Baogang Baotou Steel Pipes Ltd. and until 2021 held 49% of Tubular Services Angola Lda.</font></p>
</td>
</tr>

</table>
<p style="line-height: 10pt; margin: 0pt; text-align: right;"><font style="font-family: 'Frutiger 45 Light'; font-size: 8pt;">&nbsp;</font></p>
</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.1
<SEQUENCE>16
<FILENAME>ex121_3.htm
<DESCRIPTION>EXHIBIT 12.1
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0px; text-align: right; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; page-break-after: avoid; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Exhibit 12.1 </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;">CERTIFICATE</font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">I, PAOLO ROCCA, CERTIFY THAT:</font></p>
<table style="width: 100%; margin: 0px; height: 65px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 14px;">
<td style="width: 5%; height: 14px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.</font></td>
<td style="width: 95%; height: 14px; vertical-align: top;" valign="top">
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">I have reviewed this annual report on Form 20-F of&nbsp;Tenaris&nbsp;S.A.;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; width: 5%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2.</font></td>
<td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; width: 5%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3.</font></td>
<td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; width: 5%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4.</font></td>
<td style="height: 17px; vertical-align: top; width: 95%;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The registrant&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:</font></td>
</tr>

</table>
<p style="margin: 0px; break-after: avoid; text-indent: 0px;"><br></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 136px;">

<tr style="height: 34px;">
<td style="width: 5%; height: 34px;"><br></td>
<td style="width: 3%; vertical-align: top; height: 34px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</font></td>
<td style="width: 92%; vertical-align: top; height: 34px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></td>
</tr>
<tr style="height: 34px;">
<td style="height: 34px;"><br></td>
<td style="vertical-align: top; height: 34px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</font></td>
<td style="vertical-align: top; height: 34px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></td>
</tr>
<tr style="height: 34px;">
<td style="height: 34px;"><br></td>
<td style="vertical-align: top; height: 34px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(c)</font></td>
<td style="vertical-align: top; height: 34px;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">and</font></font></td>
</tr>
<tr style="height: 34px;">
<td style="height: 34px;"><br></td>
<td style="vertical-align: top; height: 34px;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(d)</font></td>
<td style="vertical-align: top; height: 34px;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting;&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">and</font></font></td>
</tr>

</table>
<p style="margin:0pt"><br></p>
<table style="width: 100%; margin-left: 0.1px; font-family: &quot;times new roman&quot;; font-size: 10pt;">

<tr>
<td style="width: 5%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">5.</font></td>
<td style="width: 95%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;The registrant&#8217;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></td>
</tr>

</table>
<p style="margin: 0px; break-after: avoid; text-indent: 0px;"><br></p>
<table style="width: 100%; margin-left: 0.1px; font-family: &quot;times new roman&quot;; font-size: 10pt;">

<tr>
<td style="width: 5%; vertical-align: top;" valign="top"><br></td>
<td style="width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</font></td>
<td style="width: 92%; vertical-align: top;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information;&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">and</font></font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><br></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</font></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;<br></font><font style="font-family: 'times new roman', times; font-size: 10pt;">Date: March 31, 2023</font></p>
<p style="margin: 0px; break-after: avoid; text-indent: 0px;"><font style="font-family: 'Frutiger 45 Light'; font-size: 12pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 59px; text-indent: 0px;" width="100%">

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<td style="vertical-align: middle; height: 17px;"><br></td>
<td colspan="2" style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="vertical-align: top; height: 22px;"><br></td>
<td colspan="3" style="vertical-align: top; height: 22px; border-bottom: 1px solid #000000;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">/s/ Paolo Rocca</font></p>
<p style="border-top-color: #000000; border-top-width: 1pt; line-height: 1pt; margin: 1pt 0pt 0pt; padding-top: 1pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
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<td style="vertical-align: top; width: 75%; height: 10px;"><br></td>
<td style="vertical-align: top; width: 15%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Name:</font></p>
</td>
<td colspan="2" style="vertical-align: top; width: 10%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Paolo Rocca</font></p>
</td>
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<td style="vertical-align: top; height: 10px;"><br></td>
<td style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; text-align: left; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Title:</font></p>
</td>
<td colspan="2" style="vertical-align: top; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Executive Officer</font></p>
</td>
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</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12.2
<SEQUENCE>17
<FILENAME>ex122_4.htm
<DESCRIPTION>EXHIBIT 12.2
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 0px; break-after: avoid; text-align: right; text-indent: 0px;"><br><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Exhibit 12.2 </font></p>
<p style="margin: 12pt 0pt 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;">CERTIFICATE</font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;">I, ALICIA M&#211;NDOLO, CERTIFY THAT:</font></p>
<p style="margin: 0px; break-after: avoid; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: &quot;times new roman&quot;; font-size: 10pt;">

<tr>
<td style="width: 5%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.</font></td>
<td style="width: 95%; vertical-align: top;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">I have reviewed this annual report on Form 20-F of&nbsp;</font>Tenaris<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;S.A.;</font></font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2.</font></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3.</font></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></td>
</tr>
<tr>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4.</font></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The registrant&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:</font></td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<table style="width: 100%; margin-left: 0.1px; font-family: &quot;times new roman&quot;; font-size: 10pt;">

<tr>
<td style="width: 5%;"><br></td>
<td style="width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</font></td>
<td style="width: 92%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></td>
</tr>
<tr>
<td style="width: 5%;"><br></td>
<td style="width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</font></td>
<td style="width: 92%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></td>
</tr>
<tr>
<td style="width: 5%;"><br></td>
<td style="width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(c)</font></td>
<td style="width: 92%; vertical-align: top;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Evaluated the effectiveness of the registrant&#8217;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">and</font></font></td>
</tr>
<tr>
<td style="width: 5%;"><br></td>
<td style="width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(d)</font></td>
<td style="width: 92%; vertical-align: top;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Disclosed in this report any change in the registrant&#8217;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the registrant&#8217;s internal control over financial reporting;&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">and</font></font></td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<table style="width: 100%; margin-left: 0.1px; font-family: &quot;times new roman&quot;; font-size: 10pt;">

<tr>
<td style="width: 5%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">5.&nbsp;</font></td>
<td style="width: 95%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The registrant&#8217;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#8217;s auditors and the audit committee of the registrant&#8217;s board of directors (or persons performing the equivalent functions):</font></td>
</tr>

</table>
<p style="margin: 0px; break-after: avoid; text-indent: 0px;"><br></p>
<table style="width: 100%; margin-left: 0.1px; font-family: &quot;times new roman&quot;; font-size: 10pt;">

<tr>
<td style="width: 5%;"><br></td>
<td style="width: 3%; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</font></td>
<td style="width: 92%; vertical-align: top;" valign="top"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#8217;s ability to record, process, summarize and report financial information;&nbsp;</font><font style="color: #000000; font-family: 'times new roman', times; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">and</font></font></td>
</tr>
<tr>
<td><br></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</font></td>
<td style="vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: -32.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#8217;s internal control over financial reporting.</font></td>
</tr>

</table>
<p style="margin: 12pt 0pt 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Date: March 31, 2023</font></p>
<p style="margin: 0px; break-after: avoid; text-indent: 0px;"><font style="font-family: 'Frutiger 45 Light'; font-size: 12pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.9522%; text-indent: 0px;" width="100%">

<tr>
<td style="vertical-align: middle;"><br></td>
<td colspan="2" style="vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr>
<td style="vertical-align: top;"><br></td>
<td colspan="3" style="vertical-align: top;">
<p style="margin: 0pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">/s/ Alicia M&#243;ndolo</font></p>
<p style="border-top-color: #000000; border-top-style: solid; border-top-width: 1pt; line-height: 1pt; margin: 1pt 0pt 0pt; padding-top: 1pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr>
<td style="vertical-align: top; width: 75%;"><br></td>
<td style="vertical-align: top; width: 15%; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Name:</font></p>
</td>
<td colspan="2" style="vertical-align: top; width: 10%; text-align: left; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Alicia M&#243;ndolo</font></p>
</td>
</tr>
<tr>
<td style="vertical-align: top;"><br></td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; break-after: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Title:</font></p>
</td>
<td colspan="2" style="vertical-align: top; text-align: left; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Financial Officer</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><br></p>
</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.1
<SEQUENCE>18
<FILENAME>ex131_5.htm
<DESCRIPTION>EXHIBIT 13.1
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; text-align: right;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;">Exhibit 13.1 </font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;">CERTIFICATION</font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-weight: bold;">PURSUANT TO SECTION</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">906 OF THE SARBANES-OXLEY ACT OF 2002</font></font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-weight: bold;">(SUBSECTIONS (A)</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">AND (B)</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">OF SECTION</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">1350, CHAPTER 63 OF TITLE 18, UNITED STATES CODE)</font></font></p>
<p style="margin: 12pt 0pt 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 (Subsections (a)&nbsp;and (b)&nbsp;of Section&nbsp;1350, Chapter 63 of Title 18, United States Code), the undersigned officer of Tenaris S.A. (the &#8220;<font style="text-decoration: underline;">Company</font>&#8221;), hereby certifies, to such officer&#8217;s knowledge, that the Company&#8217;s Annual Report on Form 20-F for the year ended December&nbsp;31, 2022 (the &#8220;<font style="text-decoration: underline;">Report</font>&#8221;), fully complies with the requirements of section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p>
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: &quot;times new roman&quot;; font-size: 10pt; text-indent: 0px; height: 70px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; width: 10%;">
<p style="margin: 0px; break-after: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Date:</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom: 1px solid rgb(0, 0, 0); height: 19px; width: 37%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">March 31, 2023</font></p>
<p style="border-top-color: rgb(0, 0, 0); border-top-width: 1pt; line-height: 1pt; margin: 0px; padding-top: 1pt; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; width: 8%;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom: 1px solid rgb(0, 0, 0); height: 19px; width: 45%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">/s/ Paolo Rocca</font></p>
<p style="border-top-color: rgb(0, 0, 0); border-top-width: 1pt; line-height: 1pt; margin: 0px; padding-top: 1pt; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Name:</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Paolo Rocca</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; break-after: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Title:</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Chief Executive Officer</font></p>
</td>
</tr>

</table>
<p style="margin: 12pt 0pt 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The foregoing certification is being furnished solely pursuant to section 906 </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">of the Sarbanes-Oxley Act of 2002 (subsections (a)&nbsp;and (b)&nbsp;of section 1350, chapter 63 of title 18, United States </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Code) and is not being filed as part of the Report or </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">as a separate disclosure document.</font></p>
</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13.2
<SEQUENCE>19
<FILENAME>ex132_6.htm
<DESCRIPTION>EXHIBIT 13.2
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; text-align: right;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;">Exhibit 13.2 </font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;">CERTIFICATION</font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-weight: bold;">PURSUANT TO SECTION</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">906 OF THE SARBANES-OXLEY ACT OF 2002</font></font></p>
<p style="margin: 12pt 0pt 0pt; page-break-after: avoid; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-weight: bold;">(SUBSECTIONS (A)</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">AND (B)</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">OF SECTION</font><font style="font-weight: bold;">&nbsp;</font><font style="font-weight: bold;">1350, CHAPTER 63 OF TITLE 18, UNITED STATES CODE)</font></font></p>
<p style="margin: 12pt 0pt 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 (Subsections (a)&nbsp;and (b)&nbsp;of Section&nbsp;1350, Chapter 63 of Title 18, United States Code), the undersigned officer of Tenaris S.A. (the &#8220;<font style="text-decoration: underline;">Company</font>&#8221;), hereby certifies, to such officer&#8217;s knowledge, that the Company&#8217;s Annual Report on Form 20-F for the year ended December&nbsp;31, 2022 (the &#8220;<font style="text-decoration: underline;">Report</font>&#8221;), fully complies with the requirements of section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p>
<p style="margin: 0pt; page-break-after: avoid;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: &quot;times new roman&quot;; font-size: 10pt; text-indent: 0px; height: 71px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="vertical-align: middle; height: 17px; width: 9.96979%;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px; width: 37.0091%;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px; width: 8.00604%;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px; width: 10.1964%;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 17px; width: 34.8187%;">
<p style="margin: 0pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 9.96979%;">
<p style="margin: 0px; break-after: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Date:</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 37.0091%; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">March 31, 2023</font></p>
<p style="line-height: 1pt;margin: 0px;padding-top: 1pt;text-align: center;padding-left: 0px;padding-right: 0px;text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 8.00604%;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 45.0151%; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">/s/ Alicia M&#243;ndolo</font></p>
<p style="line-height: 1pt;margin: 0px;padding-top: 1pt;text-align: center;padding-left: 0px;padding-right: 0px;text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 9.96979%;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 37.0091%;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 8.00604%;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 10.1964%;">
<p style="margin: 0px; break-after: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Name:</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 34.8187%;">
<p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Alicia M&#243;ndolo</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 9.96979%;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 37.0091%;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-left: 0px; vertical-align: top; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 8.00604%;">
<p style="line-height: 2pt; margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 10.1964%;">
<p style="margin: 0px; break-after: avoid; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Title:</font></p>
</td>
<td style="vertical-align: top; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; width: 34.8187%;">
<p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Chief Financial Officer</font></p>
</td>
</tr>

</table>
<p style="margin: 12pt 0pt 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The foregoing certification is being furnished solely pursuant to section 906 </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">of the Sarbanes-Oxley Act of 2002 (subsections (a)&nbsp;and (b)&nbsp;of section 1350, chapter 63 of title 18, United States </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Code) and is not being filed as part of the Report or </font></p>
<p style="margin: 0pt; text-align: center;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">as a separate disclosure document.</font><br></p>
</div>
</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-15.1
<SEQUENCE>20
<FILENAME>ex151_7.htm
<DESCRIPTION>EXHIBIT 15.1
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<p style="margin: 0px; text-indent: 0px;"><br></p>
</div>
<div>
<p style="margin: 0pt 0pt 12pt 14.2pt; page-break-after: avoid; text-align: right; text-indent: -14.2pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Exhibit 15.1</font></p>
<p style="margin: 0pt 0pt 12pt 14.2pt; page-break-after: avoid; text-indent: -14.2pt;"><font style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Ratios</font></p>
<p style="margin: 0pt 0pt 12pt 14.2pt; page-break-after: avoid; text-indent: -14.2pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Liquid financial assets over total assets</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 136px;" width="100%">

<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.78%; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Thousands of U.S. dollars</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; width: 19.74%; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 19.74%; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-right: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 19.74%; height: 17px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 1,091,527 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 318,127 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 584,681 </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other current investments</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 438,448 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 397,849 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 872,488 </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Bonds and other fixed income</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 113,574 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 312,619 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 239,422 </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Liquid financial assets</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 1,643,549 </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 1,028,595 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 1,696,591 </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total assets</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 17,550,246 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 14,449,431 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 13,716,189 </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Ratio</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">0.09</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">0.07</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">0.12</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: arial, helvetica, sans-serif; font-size: 8pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt 14.2pt; page-break-after: avoid; text-indent: -14.2pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Total liabilities to total assets ratio</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 1pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, </font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.6%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Thousands of U.S. dollars</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; width: 19.8%; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; width: 19.8%; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-right: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; width: 19.8%;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total liabilities</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 3,515,809 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 2,343,729 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 2,269,716 </font></p>
</td>
</tr>
<tr style="height: 1pt;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total assets</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 17,550,246 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 14,449,431 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 13,716,189 </font></p>
</td>
</tr>
<tr style="height: 1pt; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Ratio</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 0.20 </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; vertical-align: bottom; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 0.16 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 0.17 </font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0pt 12pt 14.2pt; page-break-after: avoid; text-indent: -14.2pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Current borrowings to total borrowings</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.58%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, </font></p>
</td>
</tr>
<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.58%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Thousands of U.S. dollars</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.8%; background-color: #ffffff; margin-left: 0.1px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.8%; background-color: #ffffff; margin-left: 0.1px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-right: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.82%; background-color: #ffffff; margin-left: 0.1px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</font></p>
</td>
</tr>
<tr style="background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.58%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current borrowings</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.8%; margin-left: 0.1px; border-right: 1.5pt solid #ffffff; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 682,329 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.8%; margin-left: 0.1px; border-right: 1.5pt solid #ffffff; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 219,501 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.82%; margin-left: 0.1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 303,268 </font></p>
</td>
</tr>
<tr>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.58%;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total borrowings</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.8%; margin-left: 0.1px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 728,762 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.8%; margin-left: 0.1px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 330,933 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.82%; margin-left: 0.1px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 619,007 </font></p>
</td>
</tr>
<tr style="background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.58%; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Ratio</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.8%; margin-left: 0.1px; border-right: 1.5pt solid #ffffff; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 0.94 </font></p>
</td>
<td style="border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.8%; margin-left: 0.1px; border-right: 1.5pt solid #ffffff; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 0.66 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 19.82%; margin-left: 0.1px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&nbsp; 0.49 </font></p>
</td>
</tr>

</table>
<p style="margin: 0pt 0pt 12pt 14.2pt; text-indent: -14.2pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 8pt;">&nbsp;</font><br></p>
</div>
</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-15.2
<SEQUENCE>21
<FILENAME>ex152_8.htm
<DESCRIPTION>EXHIBIT 15.2
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<p style="margin: 0pt 0pt 12pt 14.2pt; page-break-after: avoid; text-align: right; text-indent: -14.2pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Exhibit 15.2</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 12pt 14.2pt; page-break-after: avoid; text-indent: -14.2pt;"><font style="color: #003366; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Alternative performance measures</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 12pt; page-break-after: avoid;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">EBITDA, Earnings before interest, tax</font><font style="font-weight: bold;">, depreciation and amortization</font></font></p>
<p style="line-height: 12pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">EBITDA provides an analysis of the operating results excluding depreciation and amortization and impairments, as they are non-cash variables which can vary substantially from company to company depending on accounting policies and the accounting value of the assets. EBITDA is an approximation to pre-tax operating cash flow and reflects cash generation before working capital variation. EBITDA is widely used by investors when evaluating businesses (multiples valuation), as well as by rating agencies and creditors to evaluate the level of debt, comparing EBITDA with net debt. EBITDA is calculated in the following manner:</font></p>
<p style="line-height: 10pt; margin: 0pt 0pt 0pt 14.2pt; text-indent: -14.2pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 12pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">EBITDA = Net income for the period + Income tax charge +/- Equity in Earnings (losses) of non-consolidated companies +/- Financial results + Depreciation and amortization +/- Impairment charge/(reversal)</font></p>
<p style="line-height: 10pt; margin: 0pt 0pt 0pt 14.2pt; text-indent: -14.2pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="line-height: 12pt; margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">EBITDA is a non-IFRS alternative performance measure. </font></p>
<p style="line-height: 10pt; margin: 0px; text-indent: 0px;"><font style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 139px;" width="100%">

<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> For the year ended December 31, </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 49%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; width: 17%; height: 10px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; width: 17%; height: 10px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; width: 17%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income for continuing operations</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,549</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 1,053 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (642) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income tax charge</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">617</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 189 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 23 </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Equity in earnings of non-consolidated companies</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(209)</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (513) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (109) </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial results</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (23) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 65 </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">608</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 595 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 679 </font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Impairment charge</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">77</font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 57 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 622 </font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">EBITDA</font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,648</font></p>
</td>
<td style="border-bottom: 1pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-right: 1.5pt solid #ffffff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,359</font></p>
</td>
<td style="border-bottom: 1pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">638</font></p>
</td>
</tr>

</table>
<p style="line-height: 10pt; margin: 8pt 0pt 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Net cash</font> <font style="font-weight: bold;">/</font> <font style="font-weight: bold;">(debt) position</font></font></p>
<p style="line-height: 12pt; margin: 8pt 0pt 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">This is the net balance of cash and cash equivalents, other current investments and fixed income investments held to maturity less total borrowings. It provides a summary of the financial solvency and liquidity of the company. Net cash / (debt) is widely used by investors and rating agencies and creditors to assess the company&#8217;s leverage, financial strength, flexibility and risks.</font></p>
<p style="line-height: 12pt; margin: 8pt 0pt 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net cash/ debt is calculated in the following manner:</font></p>
<p style="line-height: 12pt; margin: 8pt 0pt 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net cash= Cash and cash equivalents + Other investments (Current and Non-Current) +/- Derivatives hedging borrowings and investments &#8211; Borrowings (Current and Non-Current).</font></p>
<p style="line-height: 12pt; margin: 8pt 0pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net cash is a non-IFRS alternative performance measure.</font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, </font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</font></p>
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<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</font></p>
</td>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 1,092 </font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 318 </font></p>
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<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 585 </font></p>
</td>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other current investments</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 438 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; border-right: 1.5pt solid #ffffff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 398 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 872 </font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current investments</font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 114 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 313 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 239 </font></p>
</td>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Derivatives hedging borrowings and investments</font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 6 </font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 2 </font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 8 </font></p>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current borrowings</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (682) </font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (220) </font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (303) </font></p>
</td>
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<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Non-current borrowings</font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (46) </font></p>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (111) </font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (316) </font></p>
</td>
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<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Net cash position</font></p>
</td>
<td style="border-bottom: 1pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">921</font></p>
</td>
<td style="border-bottom: 1pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">700</font></p>
</td>
<td style="border-bottom: 1pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,085</font></p>
</td>
</tr>

</table>
<p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<div><hr class="horizontalLineRemoved" style=" border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always;"><a href="#TOC"></a></div>
</div>
<p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Free Cash Flow</font></font></p>
<p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Free cash flow is a measure of financial performance, calculated as operating cash flow less capital expenditures. FCF represents the cash that a company is able to generate after spending the money required to maintain or expand its asset base. Free cash flow is calculated in the following manner:</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Free cash flow = Net cash (used in) provided by operating activities &#8211; Capital expenditures.</font></p>
<p style="line-height: 12pt; margin: 0pt 0pt 8pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Free cash flow is a non-IFRS alternative performance measure. Net cash provided by operating activities for the year 2022 amounted to $1,167 million.</font></p>
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<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 12px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; height: 12px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> For the year ended December 31, </font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 49%; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">Millions of U.S. dollars</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; border-right: 1.5pt solid #ffffff; width: 17%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; border-right: 1.5pt solid #ffffff; width: 17%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</font></p>
</td>
<td style="border-bottom: 0.5pt solid #000000; border-right: 1.5pt solid #ffffff; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #ffffff; margin-left: 0.1px; width: 17%; height: 10px;">
<p style="margin: 0pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</font></p>
</td>
</tr>
<tr style="background-color: #cceeff; height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net cash provided by operating activities</font></p>
</td>
<td style="border-left: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 1,167 </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 119 </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; 1,520 </font></p>
</td>
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<tr style="height: 13px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 13px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Capital expenditures</font></p>
</td>
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<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (378) </font></p>
</td>
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; border-right: 1.5pt solid #ffffff; height: 13px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (240) </font></p>
</td>
<td style="border-right: 1.5pt solid #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 13px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; (193) </font></p>
</td>
</tr>
<tr style="background-color: #cceeff; height: 10px;">
<td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Free cash flow</font></p>
</td>
<td style="border-bottom: 1pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">789</font></p>
</td>
<td style="border-bottom: 1pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; border-right: 1.5pt solid #ffffff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">(120)</font></p>
</td>
<td style="border-bottom: 1pt solid #000000; border-top: 0.5pt solid #000000; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 10px;">
<p style="margin: 0pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,327</font></p>
</td>
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</table>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611301392">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document And Entity Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2022 </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Tenaris SA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">20-F<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentRegistrationStatement', window );">Document Registration Statement</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentAnnualReport', window );">Document Annual Report</a></td>
<td class="text">true<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentTransitionReport', window );">Document Transition Report</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentShellCompanyReport', window );">Document Shell Company Report</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-31518<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001190723<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec. 31,  2022<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2022<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">N4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">26, Boulevard Royal &#8211; 4th Floor<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">L-2449<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Luxembourg<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCountry', window );">Entity Address, Country</a></td>
<td class="text">LU<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding (in shares)</a></td>
<td class="nump">1,180,536,830<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity Well-known Seasoned Issuer</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Entity Voluntary Filers</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityInteractiveDataCurrent', window );">Entity Interactive Data Current</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Large Accelerated Filer<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_IcfrAuditorAttestationFlag', window );">ICFR Auditor Attestation Flag</a></td>
<td class="text">true<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentAccountingStandard', window );">Document Accounting Standard</a></td>
<td class="text">International Financial Reporting Standards<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityShellCompany', window );">Entity Shell Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AuditorName', window );">Auditor Name</a></td>
<td class="text">PricewaterhouseCoopers<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AuditorFirmId', window );">Auditor Firm ID</a></td>
<td class="text">1328<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AuditorLocation', window );">Auditor Location</a></td>
<td class="text">Luxembourg<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressesAddressTypeAxis=dei_BusinessContactMember', window );">Business Contact</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_ContactPersonnelName', window );">Contact Personnel Name</a></td>
<td class="text">Javier Cayzac<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">26, Boulevard Royal &#8211; 4th Floor<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">L-2449<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Luxembourg<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCountry', window );">Entity Address, Country</a></td>
<td class="text">LU<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(352)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">26 47 89 78<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ts_AmericanDepositarySharesMember', window );">American Depositary Shares (&#8220;ADSs&#8221;)</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">American Depositary Shares<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">ts<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Ordinary shares [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Ordinary Shares, par value $1.00 per share<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">ts<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AuditorFirmId">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>PCAOB issued Audit Firm Identifier</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AuditorFirmId</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:nonemptySequenceNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AuditorLocation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AuditorLocation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:internationalNameItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AuditorName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AuditorName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:internationalNameItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_ContactPersonnelName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of contact personnel</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_ContactPersonnelName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentAccountingStandard">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentAccountingStandard</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:accountingStandardItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentAnnualReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as an annual report.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentAnnualReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentRegistrationStatement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as a registration statement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentRegistrationStatement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentShellCompanyReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentShellCompanyReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentTransitionReport">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true only for a form used as a transition report.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Forms 10-K, 10-Q, 20-F<br> -Number 240<br> -Section 13<br> -Subsection a-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentTransitionReport</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCountry">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>ISO 3166-1 alpha-2 country code.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCountry</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:countryCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityInteractiveDataCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation S-T<br> -Number 232<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityInteractiveDataCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityShellCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityShellCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 405<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_IcfrAuditorAttestationFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 10-K<br> -Number 249<br> -Section 310<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 20-F<br> -Number 249<br> -Section 220<br> -Subsection f<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Form 40-F<br> -Number 249<br> -Section 240<br> -Subsection f<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_IcfrAuditorAttestationFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressesAddressTypeAxis=dei_BusinessContactMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressesAddressTypeAxis=dei_BusinessContactMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ts_AmericanDepositarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ts_AmericanDepositarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>23
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578538304">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED INCOME STATEMENT - USD ($)<br> shares in Thousands, $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ContinuingOperationsAbstract', window );"><strong>Continuing operations</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 11,762,526<span></span>
</td>
<td class="nump">$ 6,521,207<span></span>
</td>
<td class="nump">$ 5,146,734<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(7,087,739)<span></span>
</td>
<td class="num">(4,611,602)<span></span>
</td>
<td class="num">(4,087,317)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,674,787<span></span>
</td>
<td class="nump">1,909,605<span></span>
</td>
<td class="nump">1,059,417<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpense', window );">Selling, general and administrative expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,634,575)<span></span>
</td>
<td class="num">(1,206,569)<span></span>
</td>
<td class="num">(1,119,227)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(76,725)<span></span>
</td>
<td class="num">(57,075)<span></span>
</td>
<td class="num">(622,402)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherIncome', window );">Other operating income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">104,497<span></span>
</td>
<td class="nump">68,245<span></span>
</td>
<td class="nump">33,393<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherExpenseByFunction', window );">Other operating expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(104,709)<span></span>
</td>
<td class="num">(6,697)<span></span>
</td>
<td class="num">(14,252)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating income (loss)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,963,275<span></span>
</td>
<td class="nump">707,509<span></span>
</td>
<td class="num">(663,071)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance income</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">80,020<span></span>
</td>
<td class="nump">38,048<span></span>
</td>
<td class="nump">18,387<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Finance cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(45,940)<span></span>
</td>
<td class="num">(23,677)<span></span>
</td>
<td class="num">(27,014)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherFinanceIncomeCost', window );">Other financial results</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(40,120)<span></span>
</td>
<td class="nump">8,295<span></span>
</td>
<td class="num">(56,368)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax', window );">Income (loss) before equity in earnings of non-consolidated companies and income tax</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,957,235<span></span>
</td>
<td class="nump">730,175<span></span>
</td>
<td class="num">(728,066)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Equity in earnings of non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">208,702<span></span>
</td>
<td class="nump">512,591<span></span>
</td>
<td class="nump">108,799<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income tax</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,165,937<span></span>
</td>
<td class="nump">1,242,766<span></span>
</td>
<td class="num">(619,267)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(617,236)<span></span>
</td>
<td class="num">(189,448)<span></span>
</td>
<td class="num">(23,150)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossFromContinuingOperations', window );">Income (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,548,701<span></span>
</td>
<td class="nump">1,053,318<span></span>
</td>
<td class="num">(642,417)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToAbstract', window );"><strong>Attributable to:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Shareholders' equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,553,280<span></span>
</td>
<td class="nump">1,100,191<span></span>
</td>
<td class="num">(634,418)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(4,579)<span></span>
</td>
<td class="num">(46,873)<span></span>
</td>
<td class="num">(7,999)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">(Loss) income for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,548,701<span></span>
</td>
<td class="nump">$ 1,053,318<span></span>
</td>
<td class="num">$ (642,417)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>Earnings per share attributable to shareholders' equity during the year:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_WeightedAverageShares', window );">Weighted average number of ordinary shares (thousands) (in shares)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,180,537<span></span>
</td>
<td class="nump">1,180,537<span></span>
</td>
<td class="nump">1,180,537<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_BasicAndDilutedEarningsLossPerShareFromContinuingOperations', window );">Basic and diluted earnings (losses) per share (U.S. dollars per share)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2.16<span></span>
</td>
<td class="nump">$ 0.93<span></span>
</td>
<td class="num">$ (0.54)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_BasicAndDilutedEarningsLossPerAmericanDepositaryShareFromContinuingOperations', window );">Basic and diluted earnings (losses) per ADS (U.S. dollars per ADS)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 4.33<span></span>
</td>
<td class="nump">$ 1.86<span></span>
</td>
<td class="num">$ (1.07)<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Finance Income: </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span>, <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">33</span></span> million, $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">3.3</span></span> million and $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6.5</span></span> million of interest related to instruments carried at FVPL, respectively. </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> also includes a realized loss of $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">10.5</span></span> million related to the change in FV of certain financial instruments obtained in an operation of settlement of trade receivables.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> also includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">18</span></span> million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6</span></span> to these Consolidated Financial Statements.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none; line-height: inherit;">Each ADS equals </span><span style="border-left: none; border-right: none; line-height: inherit;">two</span><span style="border-right: none; border-left: none; line-height: inherit;"> shares.</span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of all expenses directly or indirectly attributed to the goods or services sold. Attributed expenses include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, such as depreciation and maintenance of factory buildings and equipment used in the production process, unallocated production overheads, and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GrossProfit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossProfit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss or reversal of impairment loss recognised in profit or loss. [Refer: Impairment loss recognised in profit or loss; Reversal of impairment loss recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph h<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 79<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherExpenseByFunction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity does not separately disclose in the same statement or note when the entity uses the 'function of expense' form for its analysis of expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35_b_vii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherExpenseByFunction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherFinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of finance income or cost that the entity does not separately disclose in the same statement or note. [Refer: Finance income (cost)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherFinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -Subparagraph b<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35_b_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 18<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2022-03-24<br> -Paragraph 39L<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2023-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2022-03-24<br> -Paragraph 113<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing and discontinued operations attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 12<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing and discontinued operations attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations. [Refer: Continuing operations [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause vi<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_vi&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2022-03-24<br> -Paragraph IE33<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=32&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SellingGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to selling, general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SellingGeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2022-03-24<br> -Paragraph 39M<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_39M_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2022-03-24<br> -Paragraph 70<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_BasicAndDilutedEarningsLossPerAmericanDepositaryShareFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of basic and diluted earnings (losses) per American depositary share (ADS) from continuing operations. Each ADS equals two shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_BasicAndDilutedEarningsLossPerAmericanDepositaryShareFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_BasicAndDilutedEarningsLossPerShareFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of earnings per share from continuing operations when the basic and diluted measurements are equal.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_BasicAndDilutedEarningsLossPerShareFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The (loss) income before equity in earnings of non-consolidated companies and income tax.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611869072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th" colspan="2"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_StatementOfComprehensiveIncomeAbstract', window );"><strong>CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Income (loss) for the year</a></td>
<td class="nump">$ 2,548,701<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 1,053,318<span></span>
</td>
<td class="num">$ (642,417)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract', window );"><strong>Items that may be subsequently reclassified to profit or loss:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax', window );">Currency translation adjustment</a></td>
<td class="num">(23,710)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(81,953)<span></span>
</td>
<td class="nump">31,172<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax', window );">Reclassification of currency translation adjustment reserve</a></td>
<td class="num">(71,252)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges', window );">Change in value of cash flow hedges and instruments at fair value</a></td>
<td class="num">(5,186)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,178)<span></span>
</td>
<td class="num">(9,832)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss', window );">Income tax relating to components of other comprehensive income</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,511)<span></span>
</td>
<td class="nump">2,376<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies', window );">- Currency translation adjustment</a></td>
<td class="nump">7,336<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(11,085)<span></span>
</td>
<td class="num">(31,977)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies', window );">- Changes in the fair value of derivatives held as cash flow hedges and others</a></td>
<td class="nump">1,435<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">13<span></span>
</td>
<td class="nump">792<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax', window );">Total other comprehensive income that will be reclassified to profit or loss, net of tax</a></td>
<td class="num">(91,377)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(95,714)<span></span>
</td>
<td class="num">(7,469)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract', window );"><strong>Items that will not be reclassified to profit or loss:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans', window );">Remeasurements of post-employment benefit obligations</a></td>
<td class="nump">13,577<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">14,648<span></span>
</td>
<td class="num">(4,971)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss', window );">Income tax on items that will not be reclassified</a></td>
<td class="num">(2,673)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(5,137)<span></span>
</td>
<td class="nump">770<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax', window );">Remeasurements of post-employment benefit obligations of non-consolidated companies</a></td>
<td class="nump">3,588<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">3,829<span></span>
</td>
<td class="nump">634<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax', window );">Total other comprehensive income that will not be reclassified to profit or loss, net of tax</a></td>
<td class="nump">14,492<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">13,340<span></span>
</td>
<td class="num">(3,567)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive (loss) for the year</a></td>
<td class="num">(76,885)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(82,374)<span></span>
</td>
<td class="num">(11,036)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income (loss) for the year</a></td>
<td class="nump">2,471,816<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">970,944<span></span>
</td>
<td class="num">(653,453)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToAbstract', window );"><strong>Attributable to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent', window );">Shareholders' equity</a></td>
<td class="nump">2,476,373<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,016,434<span></span>
</td>
<td class="num">(643,435)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="num">(4,557)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(45,490)<span></span>
</td>
<td class="num">(10,018)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income (loss) for the year</a></td>
<td class="nump">$ 2,471,816<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 970,944<span></span>
</td>
<td class="num">$ (653,453)<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none; line-height: inherit;">During <span style="border-left: none; border-right: none; line-height: inherit;">2022</span> as a result of NKKTubes&#8217; 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 </span><span style="border-right: none; border-left: none; line-height: inherit;">&#8220;Other Information<span style="font-style: italic; line-height: inherit;"> - </span><span style="font-style: italic; line-height: inherit;">A</span><span style="font-style: italic; line-height: inherit;">greement to terminate NKKTubes joint venture</span><span style="font-style: italic; line-height: inherit;">&#8221;</span><span style="font-style: italic; line-height: inherit;">. </span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Related to&#160;</span><span style="border-right: none; border-left: none;">NKKTubes</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8217; cease of operations. For more information see note&#160;</span></span><span style="border-left: none; border-right: none;">35</span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;&#8220;Other Relevant Information</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#8211;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">A</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">greement&#160;to t</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">erminate&#160;NKKTubes&#160;joint venture</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#8221;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">.</span></span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81A<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to non-controlling interests. [Refer: Comprehensive income; Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81B_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to owners of the parent. [Refer: Comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81B_b_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on exchange differences on the translation of financial statements of foreign operations, before tax, before reclassification adjustments. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income that will be reclassified to profit or loss. [Refer: Income tax relating to components of other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income that will not be reclassified to profit or loss. [Refer: Income tax relating to components of other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81A<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, before tax, after reclassification adjustments, related to cash flow hedges. [Refer: Cash flow hedges [member]; Other comprehensive income, before tax]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 7<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, before tax, related to gains (losses) on remeasurements of defined benefit plans, which comprise actuarial gains and losses; the return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset); and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). [Refer: Other comprehensive income; Defined benefit plans [member]; Plan assets [member]; Net defined benefit liability (asset)] [Contrast: Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 135<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_135_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 7<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income that will be reclassified to profit or loss, net of tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph IG6<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82A<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82A&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income that will not be reclassified to profit or loss, net of tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph IG6<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82A<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82A&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 18<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2022-03-24<br> -Paragraph 39L<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2023-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2022-03-24<br> -Paragraph 113<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of reclassification adjustments related to exchange differences when the financial statements of foreign operations are translated, before tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2022-03-24<br> -Paragraph 48<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=21&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_48&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 92<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_92&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Share of the other comprehensive income of associates and joint ventures accounted for using the equity method that will not be reclassified to profit or loss, net of tax.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82A<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82A&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_StatementOfComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_StatementOfComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income (loss), net of tax, attributable to non-consolidated companies related to exchange differences when financial statements of foreign operations are translated.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, before tax, attributable to non-consolidated companies related to derivatives held as cash flow hedges and others.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherComprehensiveIncomeNetOfTaxCashFlowHedgesAndOthersAttributableToNonconsolidatedCompanies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576107328">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentAssetsAbstract', window );"><strong>Non-current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant and equipment, net</a></td>
<td class="nump">$ 5,556,263<span></span>
</td>
<td class="nump">$ 5,824,801<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Intangible assets, net</a></td>
<td class="nump">1,332,508<span></span>
</td>
<td class="nump">1,372,176<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Right-of-use assets, net</a></td>
<td class="nump">111,741<span></span>
</td>
<td class="nump">108,738<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Investments in non-consolidated companies</a></td>
<td class="nump">1,540,646<span></span>
</td>
<td class="nump">1,383,774<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments</a></td>
<td class="nump">119,902<span></span>
</td>
<td class="nump">320,254<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">7,080<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssets', window );">Deferred tax assets</a></td>
<td class="nump">208,870<span></span>
</td>
<td class="nump">245,547<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentReceivables', window );">Receivables, net</a></td>
<td class="nump">211,720<span></span>
</td>
<td class="nump">205,888<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">9,081,650<span></span>
</td>
<td class="nump">9,468,258<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentAssetsAbstract', window );"><strong>Current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Inventories, net</a></td>
<td class="nump">3,986,929<span></span>
</td>
<td class="nump">2,672,593<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets', window );">Receivables and prepayments, net</a></td>
<td class="nump">183,811<span></span>
</td>
<td class="nump">96,276<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTaxAssetsCurrent', window );">Current tax assets</a></td>
<td class="nump">243,136<span></span>
</td>
<td class="nump">193,021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables, net</a></td>
<td class="nump">2,493,940<span></span>
</td>
<td class="nump">1,299,072<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="nump">30,805<span></span>
</td>
<td class="nump">4,235<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments</a></td>
<td class="nump">438,448<span></span>
</td>
<td class="nump">397,849<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">1,091,527<span></span>
</td>
<td class="nump">318,127<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">8,468,596<span></span>
</td>
<td class="nump">4,981,173<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">17,550,246<span></span>
</td>
<td class="nump">14,449,431<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>EQUITY</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Shareholders' equity</a></td>
<td class="nump">13,905,709<span></span>
</td>
<td class="nump">11,960,578<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">128,728<span></span>
</td>
<td class="nump">145,124<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">14,034,437<span></span>
</td>
<td class="nump">12,105,702<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilitiesAbstract', window );"><strong>Non-current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Borrowings</a></td>
<td class="nump">46,433<span></span>
</td>
<td class="nump">111,432<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentLeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">83,616<span></span>
</td>
<td class="nump">82,694<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred tax liabilities</a></td>
<td class="nump">269,069<span></span>
</td>
<td class="nump">274,721<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentLiabilities', window );">Other liabilities</a></td>
<td class="nump">230,142<span></span>
</td>
<td class="nump">231,681<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentProvisions', window );">Provisions</a></td>
<td class="nump">98,126<span></span>
</td>
<td class="nump">83,556<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">727,386<span></span>
</td>
<td class="nump">784,084<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>Current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="nump">682,329<span></span>
</td>
<td class="nump">219,501<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentLeaseLiabilities', window );">Lease liabilities</a></td>
<td class="nump">28,561<span></span>
</td>
<td class="nump">34,591<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="nump">7,127<span></span>
</td>
<td class="nump">11,328<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilitiesCurrent', window );">Current tax liabilities</a></td>
<td class="nump">376,240<span></span>
</td>
<td class="nump">143,486<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherCurrentLiabilities', window );">Other liabilities</a></td>
<td class="nump">260,614<span></span>
</td>
<td class="nump">203,725<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentProvisions', window );">Provisions</a></td>
<td class="nump">11,185<span></span>
</td>
<td class="nump">9,322<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentAdvances', window );">Customer advances</a></td>
<td class="nump">242,910<span></span>
</td>
<td class="nump">92,436<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">1,179,457<span></span>
</td>
<td class="nump">845,256<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">2,788,423<span></span>
</td>
<td class="nump">1,559,645<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Total liabilities</a></td>
<td class="nump">3,515,809<span></span>
</td>
<td class="nump">2,343,729<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total equity and liabilities</a></td>
<td class="nump">$ 17,550,246<span></span>
</td>
<td class="nump">$ 14,449,431<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current advances received representing current contract liabilities for performance obligations satisfied at a point in time. [Refer: Advances received, representing contract liabilities for performance obligations satisfied at point in time]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current borrowings and current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current derivative financial assets. [Refer: Derivative financial assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current investments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 47<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.
Effective 2023-01-01: The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have the right at the end of the reporting period to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 69<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current prepayments and other current assets. [Refer: Other current assets; Current prepayments]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current provisions, including provisions for employee benefits. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph l<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_l&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax assets. [Refer: Current tax assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph n<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax liabilities. [Refer: Current tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph n<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph o<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 56<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph o<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 56<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 24<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of equity attributable to the owners of the parent. This specifically excludes non-controlling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph r<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_r&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets and goodwill held by the entity. [Refer: Goodwill; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Inventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2022-03-24<br> -Paragraph 36<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_36_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Inventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in subsidiaries, joint ventures and associates in an entity's separate financial statements. [Refer: Associates [member]; Joint ventures [member]; Subsidiaries [member]; Investments in subsidiaries reported in separate financial statements]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of a present obligation of the entity to transfer an economic resource as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 12<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2022-03-24<br> -Paragraph 22<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=10&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph q<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentDerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current derivative financial assets. [Refer: Derivative financial assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentDerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current investments other than investments accounted for using the equity method. [Refer: Investments accounted for using equity method; Non-current assets; Investments other than investments accounted for using equity method]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 47<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 69<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current provisions, including provisions for employee benefits. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph l<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_l&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current trade receivables and non-current other receivables. [Refer: Non-current trade receivables; Other non-current receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph h<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_h&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Non-current liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that represent a lessee's right to use an underlying asset for the lease term. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 53<br> -Subparagraph j<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_53_j&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph k<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610808256">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2"><div>Total</div></th>
<th class="th"><div>Total</div></th>
<th class="th" colspan="2"><div>Share Capital</div></th>
<th class="th"><div>Legal Reserves</div></th>
<th class="th"><div>Share Premium</div></th>
<th class="th"><div>Currency Translation Adjustment</div></th>
<th class="th" colspan="2"><div>Other Reserves</div></th>
<th class="th" colspan="2"><div>Retained Earnings</div></th>
<th class="th"><div>Non-controlling interests</div></th>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at Dec. 31, 2019</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 12,186,372<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 11,988,958<span></span>
</td>
<td class="nump">$ 1,180,537<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 118,054<span></span>
</td>
<td class="nump">$ 609,733<span></span>
</td>
<td class="num">$ (957,246)<span></span>
</td>
<td class="num">$ (336,902)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 11,374,782<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 197,414<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Income (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(642,417)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(634,418)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(634,418)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(7,999)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">31,172<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">30,849<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,849<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">323<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax', window );">Reclassification of currency translation adjustment reserve</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans', window );">Remeasurements of post-employment benefit obligations, net of taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(4,201)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(4,236)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,664)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">428<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">35<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome', window );">Change in value of instruments at fair value through other comprehensive income and cash flow hedges, net of taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(7,456)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(5,079)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,079)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(2,377)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">From other comprehensive income of non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(30,551)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(30,551)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(31,977)<span></span>
</td>
<td class="nump">1,426<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(11,036)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(9,017)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,128)<span></span>
</td>
<td class="num">(8,317)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">428<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(2,019)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(653,453)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(643,435)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,128)<span></span>
</td>
<td class="num">(8,317)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(633,990)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(10,018)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl', window );">Acquisition and other changes in non-controlling interests</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">1,492<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,490<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividends paid in cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(87,938)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(82,637)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(82,637)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(5,301)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at Dec. 31, 2020</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11,446,473<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,262,888<span></span>
</td>
<td class="nump">1,180,537<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[4]</sup></td>
<td class="nump">118,054<span></span>
</td>
<td class="nump">609,733<span></span>
</td>
<td class="num">(958,374)<span></span>
</td>
<td class="num">(345,217)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2],[5]</sup></td>
<td class="nump">10,658,155<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">183,585<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Income (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,053,318<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,100,191<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,100,191<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(46,873)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(81,953)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(81,674)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(81,674)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(279)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax', window );">Reclassification of currency translation adjustment reserve</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans', window );">Remeasurements of post-employment benefit obligations, net of taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,511<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">9,798<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,813<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="num">(15)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(287)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome', window );">Change in value of instruments at fair value through other comprehensive income and cash flow hedges, net of taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,689)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(4,638)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,638)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,949<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">From other comprehensive income of non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(7,243)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(7,243)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11,085)<span></span>
</td>
<td class="nump">3,842<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(82,374)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(83,757)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(92,759)<span></span>
</td>
<td class="nump">9,017<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="num">(15)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,383<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">970,944<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,016,434<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(92,759)<span></span>
</td>
<td class="nump">9,017<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="nump">1,100,176<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(45,490)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl', window );">Acquisition and other changes in non-controlling interests</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[6]</sup></td>
<td class="nump">10,384<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">10,384<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividends paid in cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(322,099)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(318,744)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(318,744)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(3,355)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at Dec. 31, 2021</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12,105,702<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,960,578<span></span>
</td>
<td class="nump">1,180,537<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4],[7]</sup></td>
<td class="nump">118,054<span></span>
</td>
<td class="nump">609,733<span></span>
</td>
<td class="num">(1,051,133)<span></span>
</td>
<td class="num">(336,200)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[5],[8]</sup></td>
<td class="nump">11,439,587<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[9]</sup></td>
<td class="nump">145,124<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Income (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,548,701<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,553,280<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,553,280<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[9]</sup></td>
<td class="num">(4,579)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(23,710)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(23,632)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(23,632)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(78)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax', window );">Reclassification of currency translation adjustment reserve</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[11]</sup></td>
<td class="num">(71,252)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[10]</sup></td>
<td class="num">(71,252)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(71,252)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans', window );">Remeasurements of post-employment benefit obligations, net of taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10,904<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">10,532<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,519<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[8]</sup></td>
<td class="nump">13<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[9]</sup></td>
<td class="nump">372<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome', window );">Change in value of instruments at fair value through other comprehensive income and cash flow hedges, net of taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(5,186)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(4,914)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,914)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[8]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(272)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">From other comprehensive income of non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12,359<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">12,359<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,336<span></span>
</td>
<td class="nump">5,023<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[8]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(76,885)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(76,907)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(87,548)<span></span>
</td>
<td class="nump">10,628<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[8]</sup></td>
<td class="nump">13<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[9]</sup></td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,471,816<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,476,373<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(87,548)<span></span>
</td>
<td class="nump">10,628<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[8]</sup></td>
<td class="nump">2,553,293<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[9]</sup></td>
<td class="num">(4,557)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl', window );">Acquisition and other changes in non-controlling interests</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,407)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,407)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividends paid in cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(541,674)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(531,242)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(531,242)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[9]</sup></td>
<td class="num">(10,432)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at Dec. 31, 2022</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 14,034,437<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 13,905,709<span></span>
</td>
<td class="nump">$ 1,180,537<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[7]</sup></td>
<td class="nump">$ 118,054<span></span>
</td>
<td class="nump">$ 609,733<span></span>
</td>
<td class="num">$ (1,138,681)<span></span>
</td>
<td class="num">$ (325,572)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[8]</sup></td>
<td class="nump">$ 13,461,638<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[9]</sup></td>
<td class="nump">$ 128,728<span></span>
</td>
</tr>
<tr><td colspan="14"></td></tr>
<tr><td colspan="14"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none; line-height: 17px;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: 17px; display: inline !important;">The Company has an authorized share capital of a single class of&#160;</span></span><span style="border-left: none; border-right: none; line-height: inherit;">2.5</span><span style="border-right: none; border-left: none; line-height: 17px;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: 17px; display: inline !important;">&#160;billion shares having a nominal value of $</span></span><span style="border-left: none; border-right: none; line-height: 17px;">1.00</span><span style="border-right: none; border-left: none; line-height: 17px;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: 17px; display: inline !important;">&#160;per share. As of December 31, 2021 and&#160;</span></span><span style="border-left: none; border-right: none; line-height: 17px;">2020</span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: 17px; display: inline !important;">&#160;there were&#160;</span></span><span style="border-left: none; border-right: none; line-height: 17px;">1,180,536,830</span><span style="border-right: none; border-left: none; line-height: 17px;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: 17px; display: inline !important;">&#160;shares issued. All issued shares are fully paid.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="line-height: inherit;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Other reserves include mainly the result of transactions with non-controlling interests that do not result in a loss of control, the&#160;</span>remeasurement<span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">&#160;of post-employment benefit obligations, the changes in value of cash flow hedges and the changes in financial instruments measured at fair value through other comprehensive income.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">Mainly related to the agreement for the construction of&#160;Tenaris&#160;Baogang&#160;Baotou&#160;Steel Pipes Ltd.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">The Company has an authorized share capital of a single class of 2.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2021 there were 1,180,536,830 shares issued. All issued shares are fully paid.</td>
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<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top">Other reserves include mainly the result of transactions with non-controlling interests that do not result in a loss of control, the remeasurement of post-employment benefit obligations, the changes in value of cash flow hedges and the changes in financial instruments measured at fair value through other comprehensive income.</td>
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<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[6]</td>
<td style="vertical-align: top;" valign="top">Mainly related to the agreement for the construction of Tenaris Baogang Baotou Steel Pipes Ltd.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[7]</td>
<td style="vertical-align: top;" valign="top"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">The Company has an authorized share capital of a single class of&#160;</span><span style="border-left: none; border-right: none;">2.5</span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">&#160;billion shares having a nominal value of $</span></span><span style="border-left: none; border-right: none;">1.00</span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">&#160;per share. As of December 31, 2022 there were&#160;</span></span><span style="border-left: none; border-right: none;">1,180,536,830</span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">&#160;shares issued. All issued shares are fully paid.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[8]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Other reserves include mainly the result of transactions with non-controlling interests that do not result in a loss of control, the&#160;</span>remeasurement<span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;of post-employment benefit obligations, the changes in value of cash flow hedges and the changes in financial instruments measured at fair value through other comprehensive income.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[9]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The restrictions on the distribution of profits and payment of dividends according to Luxembourg Law are disclosed in note 26</span></span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;(iii) to these Consolidated Financial Statements.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[10]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none; line-height: inherit;">During <span style="border-left: none; border-right: none; line-height: inherit;">2022</span> as a result of NKKTubes&#8217; 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 </span><span style="border-right: none; border-left: none; line-height: inherit;">&#8220;Other Information<span style="font-style: italic; line-height: inherit;"> - </span><span style="font-style: italic; line-height: inherit;">A</span><span style="font-style: italic; line-height: inherit;">greement to terminate NKKTubes joint venture</span><span style="font-style: italic; line-height: inherit;">&#8221;</span><span style="font-style: italic; line-height: inherit;">. </span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[11]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Related to&#160;</span><span style="border-right: none; border-left: none;">NKKTubes</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8217; cease of operations. For more information see note&#160;</span></span><span style="border-left: none; border-right: none;">35</span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;&#8220;Other Relevant Information</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#8211;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">A</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">greement&#160;to t</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">erminate&#160;NKKTubes&#160;joint venture</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#8221;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">.</span></span></td>
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</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81A<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 107<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_107&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaid</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 24<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on exchange differences on the translation of financial statements of foreign operations, before tax, before reclassification adjustments. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity through changes in ownership interests in subsidiaries that do not result in loss of control. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81A<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, after reclassification adjustments, related to financial assets measured at fair value through other comprehensive income applying paragraph 4.1.2A of IFRS 9. [Refer: Financial assets measured at fair value through other comprehensive income; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 7<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, related to gains (losses) on remeasurements of defined benefit plans, which comprise actuarial gains and losses; the return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset); and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). [Refer: Other comprehensive income; Defined benefit plans [member]; Plan assets [member]; Net defined benefit liability (asset)] [Contrast: Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 135<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_135_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 7<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 18<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2022-03-24<br> -Paragraph 39L<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2023-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2022-03-24<br> -Paragraph 113<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of reclassification adjustments related to exchange differences when the financial statements of foreign operations are translated, before tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2022-03-24<br> -Paragraph 48<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=21&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_48&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 92<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_92&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the other comprehensive income of associates and joint ventures accounted for using the equity method, net of tax. [Refer: Associates [member]; Investments accounted for using equity method; Joint ventures [member]; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2022-03-24<br> -Paragraph 39M<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_39M_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B16<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B16_c&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 91<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611861888">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parentheticals) - $ / shares<br></strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_StatementOfChangesInEquityAbstract', window );"><strong>CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfSharesAuthorised', window );">Authorized share capital (in shares)</a></td>
<td class="nump">2,500,000,000<span></span>
</td>
<td class="nump">2,500,000,000<span></span>
</td>
<td class="nump">2,500,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Nominal value (in dollars per share)</a></td>
<td class="nump">$ 1<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Shares issued (in shares)</a></td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="nump">1,180,536,830<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesAuthorised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares authorised.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 79<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_79_a_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesAuthorised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ParValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The nominal value per share.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_79_a_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ParValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_StatementOfChangesInEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_StatementOfChangesInEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>28
<FILENAME>R7.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610764912">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Income (loss) for the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,548,701<span></span>
</td>
<td class="nump">$ 1,053,318<span></span>
</td>
<td class="num">$ (642,417)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments for:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">607,723<span></span>
</td>
<td class="nump">594,721<span></span>
</td>
<td class="nump">678,806<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">76,725<span></span>
</td>
<td class="nump">57,075<span></span>
</td>
<td class="nump">622,402<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncomeTaxExpense', window );">Income tax accruals less payments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">257,651<span></span>
</td>
<td class="nump">35,602<span></span>
</td>
<td class="num">(117,214)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates', window );">Equity in earnings of non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(208,702)<span></span>
</td>
<td class="num">(512,591)<span></span>
</td>
<td class="num">(108,799)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForFinanceIncomeCost', window );">Interest accruals less payments, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,480<span></span>
</td>
<td class="num">(11,363)<span></span>
</td>
<td class="num">(538)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForProvisions', window );">Changes in provisions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16,433<span></span>
</td>
<td class="nump">7,381<span></span>
</td>
<td class="num">(13,175)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AdjustmentsForReclassificationOfForeignExchangeReserve', window );">Reclassification of currency translation adjustment reserve</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(71,252)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Result of sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="num">(6,768)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInWorkingCapital', window );">Changes in working capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2],[3]</sup></td>
<td class="num">(2,131,245)<span></span>
</td>
<td class="num">(1,071,464)<span></span>
</td>
<td class="nump">1,055,289<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsForNoncashItems', window );">Currency translation adjustment and others</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">69,703<span></span>
</td>
<td class="num">(26,836)<span></span>
</td>
<td class="nump">46,029<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Net cash provided by operating activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,167,217<span></span>
</td>
<td class="nump">119,075<span></span>
</td>
<td class="nump">1,520,383<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Capital expenditures</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(378,446)<span></span>
</td>
<td class="num">(239,518)<span></span>
</td>
<td class="num">(193,322)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CashFlowsFromUsedInDecreaseIncreaseInAdvanceToSuppliersOfPropertyPlantAndEquipment', window );">Changes in advance to suppliers of property, plant and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(18,901)<span></span>
</td>
<td class="num">(5,075)<span></span>
</td>
<td class="num">(1,031)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities', window );">Proceeds from sale of subsidiaries, net of cash</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="nump">24,332<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities', window );">Acquisition of subsidiaries, net of cash acquired</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(4,082)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(1,025,367)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Investment in companies under cost method</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="num">(692)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Proceeds from disposal of property, plant and equipment and intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">48,458<span></span>
</td>
<td class="nump">22,735<span></span>
</td>
<td class="nump">14,394<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities', window );">Dividends received from non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">66,162<span></span>
</td>
<td class="nump">75,929<span></span>
</td>
<td class="nump">278<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments', window );">Changes in investments in securities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">123,254<span></span>
</td>
<td class="nump">390,186<span></span>
</td>
<td class="num">(887,216)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Net cash (used in) provided by investing activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(163,555)<span></span>
</td>
<td class="nump">267,897<span></span>
</td>
<td class="num">(2,092,264)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Cash flows from financing activities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities', window );">Dividends paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(531,242)<span></span>
</td>
<td class="num">(318,744)<span></span>
</td>
<td class="num">(82,637)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities', window );">Dividends paid to non-controlling interest in subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(10,432)<span></span>
</td>
<td class="num">(3,355)<span></span>
</td>
<td class="num">(5,301)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ProceedsPaymentsFromChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl', window );">Changes in non-controlling interests</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,407)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities', window );">Payments of lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(52,396)<span></span>
</td>
<td class="num">(48,473)<span></span>
</td>
<td class="num">(48,553)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities', window );">Proceeds from borrowings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,511,503<span></span>
</td>
<td class="nump">843,668<span></span>
</td>
<td class="nump">658,156<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities', window );">Repayments of borrowings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,094,370)<span></span>
</td>
<td class="num">(1,121,053)<span></span>
</td>
<td class="num">(896,986)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Net cash used in financing activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(178,344)<span></span>
</td>
<td class="num">(647,957)<span></span>
</td>
<td class="num">(375,319)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges', window );">Increase (decrease) in cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">825,318<span></span>
</td>
<td class="num">(260,985)<span></span>
</td>
<td class="num">(947,200)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract', window );"><strong>Movement in cash and cash equivalents</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">318,067<span></span>
</td>
<td class="nump">584,583<span></span>
</td>
<td class="nump">1,554,275<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents', window );">Effect of exchange rate changes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(51,952)<span></span>
</td>
<td class="num">(5,531)<span></span>
</td>
<td class="num">(22,492)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges', window );">Increase (decrease) in cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">825,318<span></span>
</td>
<td class="num">(260,985)<span></span>
</td>
<td class="num">(947,200)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">At December 31,</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,091,433<span></span>
</td>
<td class="nump">318,067<span></span>
</td>
<td class="nump">584,583<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsAbstract', window );"><strong>Cash and cash equivalents</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and bank deposits</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,091,527<span></span>
</td>
<td class="nump">318,127<span></span>
</td>
<td class="nump">584,681<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BankOverdraftsClassifiedAsCashEquivalents', window );">Bank overdrafts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(94)<span></span>
</td>
<td class="num">(60)<span></span>
</td>
<td class="num">(98)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,091,433<span></span>
</td>
<td class="nump">$ 318,067<span></span>
</td>
<td class="nump">$ 584,583<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Related to NKKTubes&#8217; cease of operations. For more information see note <span style="border-left: none; border-right: none;">35</span> &#8220;Other Information <span style="font-style: italic;">&#8211; </span><span style="font-style: italic;">A</span><span style="font-style: italic;">greement to t</span><span style="font-style: italic;">erminate NKKTubes joint venture</span><span style="font-style: italic;">&#8221;</span><span style="font-style: italic;">.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar for an amount of $</span><span style="border-left: none; border-right: none;">4.2</span><span style="border-right: none; border-left: none;"> million for </span><span style="border-left: none; border-right: none;">2022</span><span style="border-right: none; border-left: none;">, $</span><span style="border-left: none; border-right: none;">25.6</span><span style="border-right: none; border-left: none;"> million for </span><span style="border-left: none; border-right: none;">2021</span><span style="border-right: none; border-left: none;"> and $</span><span style="border-left: none; border-right: none;">3.8</span><span style="border-right: none; border-left: none;"> million for </span><span style="border-left: none; border-right: none;">2020</span><span style="border-right: none; border-left: none;">.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar.</span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for depreciation and amortisation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Depreciation and amortisation expense; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForFinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for net finance income or cost to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance income (cost); Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForFinanceIncomeCost</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for gain (loss) on disposals investments in subsidiaries, joint ventures and associates to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Associates [member]; Joint ventures [member]; Subsidiaries [member]; Investments in subsidiaries, joint ventures and associates reported in separate financial statements; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Impairment loss (reversal of impairment loss) recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncomeTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for income tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncomeTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for provisions to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Provisions; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for undistributed profits of associates to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Associates [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForUndistributedProfitsOfAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BankOverdraftsClassifiedAsCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount that has been withdrawn from an account in excess of existing cash balances. This is considered a short-term extension of credit by the bank. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BankOverdraftsClassifiedAsCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents in the statement of cash flows when different from the amount of cash and cash equivalents in the statement of financial position. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate cash flows arising from losing control of subsidiaries or other businesses, classified as investing activities. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 39<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_39&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow (outflow) due to a decrease (increase) in short-term deposits and investments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 50<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 50<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 50<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 39<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_39&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid by the entity, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 31<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid to non-controlling interests, classified as financing activities. [Refer: Non-controlling interests; Dividends paid to non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow representing dividends received from associates, classified as investing activities. [Refer: Associates [member]; Dividends received]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 25<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents before the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInWorkingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in working capital.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInWorkingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAdjustmentsForNoncashItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash items to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAdjustmentsForNoncashItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for payment of lease liabilities, classified as financing activities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the disposal of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets. [Refer: Intangible assets other than goodwill; Investment property; Other non-current assets; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 18<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 24<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2022-03-24<br> -Paragraph 39L<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2023-01-01<br> -Name IFRS<br> -Number 17<br> -IssueDate 2022-03-24<br> -Paragraph 113<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=17&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_113_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81A<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchase of investments other than investments accounted for using equity method. [Refer: Investments accounted for using equity method; Investments other than investments accounted for using equity method]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchase of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets. [Refer: Intangible assets other than goodwill; Investment property; Other non-current assets; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle borrowings, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_AdjustmentsForReclassificationOfForeignExchangeReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of adjustments for reclassification foreign exchange to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AdjustmentsForReclassificationOfForeignExchangeReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CashFlowsFromUsedInDecreaseIncreaseInAdvanceToSuppliersOfPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow (outflow) due to a decrease (increase) in advance to suppliers of property, plant and equipment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CashFlowsFromUsedInDecreaseIncreaseInAdvanceToSuppliersOfPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ProceedsPaymentsFromChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow (outflow) from changes in ownership interests in subsidiaries that do not result in a loss of control.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ProceedsPaymentsFromChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615612848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF CASH FLOWS (Parentheticals) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_StatementOfCashFlowsAbstract', window );"><strong>CONSOLIDATED STATEMENT OF CASH FLOWS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrencyTranslationAdjustmentWorkingCapital', window );">Currency translation adjustment, working capital</a></td>
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<td class="nump">$ 3.8<span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of currency translation adjustment working capital to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665614772752">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>I. General Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfGeneralInformationAboutFinancialStatementsAbstract', window );"><strong>Disclosure of General Information About Financial Statements [Abstract]</strong></a></td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory', window );">I. GENERAL INFORMATION</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: &quot;times new roman&quot;, times; line-height: inherit; color: rgb(204, 0, 102);"><span style="font-weight: bold; line-height: inherit;">I.</span><span style="font-weight: bold; line-height: inherit;">GENERAL INFORMATION</span></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris S.A. (the &#8220;Company&#8221;) was established as a public limited liability company (<span style="font-style: italic; line-height: inherit;">s</span><span style="font-style: italic; line-height: inherit;">oci</span><span style="font-style: italic; line-height: inherit;">&#233;</span><span style="font-style: italic; line-height: inherit;">t&#233; </span><span style="font-style: italic; line-height: inherit;">a</span><span style="font-style: italic; line-height: inherit;">nonyme</span>) under the laws of the Grand-Duchy of Luxembourg on December 17, 2001. The Company holds, either directly or indirectly, controlling interests in various subsidiaries in the steel pipe manufacturing and distribution businesses. References in these Consolidated Financial Statements to &#8220;Tenaris&#8221; refer to the Company and its consolidated subsidiaries. A list of the principal Company&#8217;s subsidiaries is included in note 32 to these Consolidated Financial Statements.</span></p><p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company&#8217;s shares trade on the Italian Stock Exchange and the Mexican Stock Exchange; and the Company&#8217;s American Depositary Securities (&#8220;ADS&#8221;) trade on the New York Stock Exchange.</span></p><p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">These Consolidated Financial Statements were approved for issuance by the Company&#8217;s Board of Directors on February 15, 2023.</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for general information about financial statements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 51<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_51&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578441056">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>II. Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory', window );">II. Accounting Policies</a></td>
<td class="text"><p style="line-height: 1.2; text-align: justify; text-indent: 0px; margin: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #cc0066;"><span style="font-weight: bold; line-height: inherit;">II</span><span style="font-weight: bold; line-height: inherit;">. </span><span style="font-weight: bold; line-height: inherit;">A</span><span style="font-weight: bold; line-height: inherit;">CCOUNTING POLICIES</span></span></p><p style="line-height: 1.2; text-align: justify; text-indent: 0px; margin: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The principal accounting policies applied in the preparation of these Consolidated Financial Statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">A</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Basis of presentation</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Consolidated Financial Statements of Tenaris have been prepared in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;), as issued by the International Accounting Standards Board (&#8220;IASB&#8221;) and in accordance with IFRS as adopted by the European Union, under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities (including derivative instruments) and plan assets at fair value. The Consolidated Financial Statements are, unless otherwise noted, presented in thousands of U.S. dollars (&#8220;$&#8221;).&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Whenever necessary, certain comparative amounts have been reclassified to conform to changes in presentation in the current year. </span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The preparation of Consolidated Financial Statements in conformity with IFRS requires management to make certain accounting estimates and assumptions that might affect among others, the reported amounts of assets, liabilities, contingent liabilities, revenues and expenses. Actual results may differ from these estimates. The main areas involving significant estimates or judgements are: impairment of goodwill and long-lived assets (notes II.H), impairment in investments in associates (note II.B); income taxes (note II.O); obsolescence of inventory (note II.J); contingencies (note II.Q); allowance for trade receivables (note II.K); post-employment and other long-term benefits (note II.P); business combinations (notes II.B); useful lives of property, plant and equipment and other long-lived assets (notes II.E, II.F, II.H); fair value estimation of certain financial instruments (notes III.B, IV.34) and property title ownership restriction (note IV.27). 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These standards, amendments or interpretations are not expected to have a material impact in the current or future reporting periods and on foreseeable future transactions</span>.&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br/></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">B</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Group accounting</span></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(1)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 51px;">Subsidiaries and transactions with non-controlling interests</span></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subsidiaries are all entities over which Tenaris has control. Tenaris controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is exercised by the Company and are no longer consolidated from the date control ceases. </span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The acquisition method of accounting is used to account for the acquisition of subsidiaries by Tenaris. The cost of an acquisition is measured as the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of exchange. Acquisition-related costs are expensed as incurred. Identifiable assets acquired, liabilities and contingent liabilities assumed in a business combination are generally measured initially at their fair values at the acquisition date. Any non-controlling interest in the acquiree is measured either at fair value or at the non-controlling interest&#8217;s proportionate share of the acquiree&#8217;s net identifiable assets. The excess of the aggregate of the consideration transferred and the amount of any non-controlling interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the Consolidated Income Statement.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Contingent consideration is classified either as equity or as a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">If the business combination is achieved in stages, the acquisition date carrying value of the acquirer&#8217;s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Transactions with non-controlling interests that do not result in a loss of control are accounted as transactions with equity owners of the Company. For purchases from non-controlling interests, the difference between any consideration paid and the relevant share acquired of the carrying value of net assets of the subsidiary is recorded in equity. 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In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss. </span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Material intercompany transactions, balances and unrealized gains (losses) on transactions between Tenaris subsidiaries have been eliminated in consolidation. However, since the functional currency of some subsidiaries is its respective local currency, some financial gains (losses) arising from intercompany transactions are generated. 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Investments in non-consolidated companies (associates and joint ventures) are accounted for by the equity method of accounting and are initially recognized at cost (as defined by IAS 28, &#8220;Investments in Associates and Joint Ventures&#8221;). 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Tenaris reviews investments in non-consolidated companies for impairment whenever events or changes in circumstances indicate that the asset&#8217;s carrying amount may not be recoverable. 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Financial statement positions are translated at the year-end exchange rates. Translation differences are recognized in a separate component of equity as currency translation adjustments. 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The cost of finished goods and goods in process is comprised of raw materials, direct labor, utilities, freights and other direct costs and related production overhead costs, and it excludes borrowing costs. The allocation of fixed production costs, including depreciation and amortization charges, is based on the normal level of production capacity. Inventories cost is mainly based on the FIFO method. Tenaris estimates net realizable value of inventories by grouping, where applicable, similar or related items. Net realizable value is the estimated selling price in the ordinary course of business, less any estimated costs of completion and selling expenses. 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Plan assets consist primarily of investments in debt and equity instruments. Both plans were replaced for defined contribution plans. Effective June 2016 the salary plan was frozen for the purposes of credited service as well as determination of final average pay. 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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665614765872">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>III. Financial Risk Management<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsAbstract', window );"><strong>Disclosure of detailed information about financial instruments [abstract]</strong></a></td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory', window );">III. FINANCIAL RISK MANAGEMENT</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #cc0066;"><span style="font-weight: bold; text-transform: uppercase; line-height: inherit;">iii</span><span style="font-weight: bold; text-transform: uppercase; line-height: inherit;">.</span><span style="font-weight: bold; text-transform: uppercase; line-height: inherit;">Financial risk management</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The multinational nature of Tenaris&#8217;s operations and customer base exposes the Company to a variety of risks, mainly related to market risks (including the effects of changes in foreign currency exchange rates and interest rates), credit risk and capital market risk. In order to manage the volatility related to these exposures, management evaluates exposures on a consolidated basis, taking advantage of exposure netting. The Company or its subsidiaries may then enter into various derivative transactions in order to prevent potential adverse impacts on Tenaris&#8217;s financial performance. Such derivative transactions are executed in accordance with internal policies and hedging practices.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; text-transform: uppercase; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">A. Financial </span><span style="font-weight: bold; line-height: inherit;">r</span><span style="font-weight: bold; line-height: inherit;">isk </span><span style="font-weight: bold; line-height: inherit;">f</span><span style="font-weight: bold; line-height: inherit;">actors</span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(i)&#160;</span><span style="font-style: italic; font-weight: bold; margin-left: 45px; line-height: inherit;">Capital Risk Management</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris seeks to maintain a low debt to total equity ratio considering the industry and the markets where it operates. The year-end ratio of debt to total equity (where &#8220;debt&#8221; comprises financial borrowings and &#8220;total equity&#8221; is the sum of financial borrowings and equity) is 0.05 as of December 31, 2022 and 0.03 as of December 31, 2021. 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Since the Company&#8217;s functional currency is the U.S. dollar the purpose of Tenaris&#8217;s foreign currency hedging program is mainly to reduce the risk caused by changes in the exchange rates of other currencies against the U.S. dollar.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris&#8217;s exposure to currency fluctuations is reviewed on a periodic and consolidated basis. A number of derivative transactions are performed in order to achieve an efficient coverage in the absence of operative or natural hedges. Almost all of these transactions are forward exchange rates contracts. See note 25 to these Consolidated Financial Statements.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris does not&#160;enter into derivative financial instruments for trading or other speculative purposes, other than non-material investments in structured products.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">In the case of subsidiaries with functional currencies other than the U.S. dollar, the results of hedging activities, reported in accordance with IFRS, may not reflect entirely the management&#8217;s assessment of its foreign exchange risk hedging program. Intercompany balances between Tenaris&#8217;s subsidiaries may generate financial gains (losses) to the extent that functional currencies differ.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The value of Tenaris&#8217;s financial assets and liabilities is subject to changes arising from the variation of foreign currency exchange rates. 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height: 17px; background-color: #cceeff; width: 76%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Argentine Peso / U.S. dollar </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (126,739</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; 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padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (42,458</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,462</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Saudi Arabian Riyal / U.S. dollar </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (74,183</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (77,853</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> U.S. dollar / Brazilian Real </span></p></td><td style="padding-left: 0px; 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text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="margin: 0pt 0pt 0pt 18pt; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of December 31, 2022 and <span style="border-left: none; border-right: none; line-height: inherit;">2021</span> consisting primarily of Argentine Peso-denominated financial, trade, social and fiscal payables at certain Argentine subsidiaries whose functional currency is the U.S. dollar. 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S. dollar</span></li></ul><p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of December 31, 2022 and <span style="border-left: none; border-right: none; line-height: inherit;">2021</span> consisting primarily of Saudi Arabian Riyal-denominated financial and trade payables. The Saudi Arabian Riyal is tied to the U.S. dollar.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li class="mylistitemclass" style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">U.S. dollar / Brazilian Real</span></li></ul><p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of December 31, 2022 and <span style="border-left: none; border-right: none; line-height: inherit;">2021</span>, consisting primarily of U.S. dollar-denominated intercompany liabilities at certain subsidiaries whose functional currency is the Brazilian Real. A change of <span style="border-left: none; border-right: none; line-height: inherit;">1</span>% in the BRL/USD exchange rate would have generated a pre-tax gain / loss of $0.9 million and $0.3 million as of December 31, 2022 and <span style="border-left: none; border-right: none; line-height: inherit;">2021</span>, respectively, which would have been to a large extent offset by changes in currency translation adjustment included in Tenaris&#8217;s net equity position.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Considering the balances held as of December 31, 2022 on financial assets and liabilities exposed to foreign exchange rate fluctuations, Tenaris estimates that the impact of a simultaneous 1% appreciation / depreciation movement in the levels of foreign currencies exchange rates relative to the U.S. dollar, would be a pre-tax gain / loss of $4 million (including a loss / gain of $0.2 million due to foreign exchange derivative contracts), which would be partially offset by changes to Tenaris&#8217;s net equity position of $0.9 million. For balances held as of December 31, 2021, a simultaneous 1% favorable / unfavorable movement in the foreign currencies exchange rates relative to the U.S. dollar, would have generated a pre-tax gain / loss of $3.1 million (including a loss / gain of $0.5 million due to foreign exchange derivative contracts), which would have been partially offset by changes to Tenaris&#8217;s net equity position of $0.2 million.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(iii)</span><span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;">Interest rate risk</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris is subject to interest rate risk on its investment portfolio and its debt. The Company uses a mix of variable and fixed rate debt in combination with its investment portfolio strategy. 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font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> % </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p></td><td style="padding-left: 5.4pt; 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text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Variable rate </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">230,873</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">143,897</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">43</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; 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margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"><sup>(*)</sup><span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;">Out of the $</span><span style="border-left: none; border-right: none; line-height: inherit;">497.9</span><span style="border-right: none; border-left: none; line-height: inherit;"> million fixed rate borrowings, $</span><span style="border-left: none; border-right: none; line-height: inherit;">479</span><span style="border-right: none; border-left: none; line-height: inherit;"> million are short-term.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company estimates that, if market interest rates applicable to Tenaris&#8217;s borrowings had been 100 basis points higher, then the additional pre-tax loss would have been $5.3 million in 2022 and $5.2 million in 2021. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(iv)</span><span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;">Credit risk</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Credit risk arises from cash and cash equivalents, deposits with banks and financial institutions, as well as credit exposures to customers, including outstanding receivables and committed transactions. The Company also actively monitors the creditworthiness of its treasury, derivative and insurance counterparties in order to minimize its credit risk.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">There is no significant concentration of credit risk from customers. No single customer comprised more than 10% of Tenaris&#8217;s net sales in 2022, 2021 and 2020.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><div style="line-height: 1.2;"/><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris&#8217;s credit policies related to sales of products and services are designed to identify customers with acceptable credit history and to allow Tenaris to require the use of credit insurance, letters of credit and other instruments designed to minimize credit risks whenever deemed necessary. Tenaris maintains allowances for impairment for potential credit losses. See section II.K.</span><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of December 31, 2022 and 2021 trade receivables amounted to $2,493.9 million and $1,299.1 million respectively. Trade receivables have guarantees under credit insurance of $231.2 million and $175.8 million, letter of credit and other bank guarantees of $34.7 million and $17.8 million as of December 31, 2022 and 2021 respectively, and other guarantees of $2.2 million as of December 31, 2021.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of December 31, 2022 and 2021, overdue trade receivables amounted to $544.9 million and $209.6 million, respectively. As of December 31, 2022 and 2021, overdue guaranteed trade receivables amounted to $28.1 million and $10.6 million; and the allowance for doubtful accounts amounted to $45.5 million and $47.1 million respectively. Both the allowance for doubtful accounts and the existing guarantees are sufficient to cover doubtful trade receivables. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(v)</span><span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;">Counterparty risk</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tenaris has investment guidelines with specific parameters to limit issuer risk on marketable securities. Counterparties for derivatives and cash transactions are limited to high credit quality financial institutions, normally investment grade.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; line-height: inherit;">Approximately </span><span style="font-style: normal; line-height: inherit;">80</span><span style="font-style: normal; line-height: inherit;">% of Tenaris&#8217;s liquid financial assets correspond</span><span style="font-style: normal; line-height: inherit;">ed</span><span style="font-style: normal; line-height: inherit;"> to Investment Grade-rated instruments as of December 31, 20</span><span style="font-style: normal; line-height: inherit;">2</span><span style="font-style: normal; line-height: inherit;">2</span><span style="font-style: normal; line-height: inherit;">, in comparison with approximately </span><span style="font-style: normal; line-height: inherit;">77</span><span style="font-style: normal; line-height: inherit;">% as of December 31, 20</span><span style="font-style: normal; line-height: inherit;">2</span><span style="font-style: normal; line-height: inherit;">1</span><span style="font-style: normal; line-height: inherit;">.</span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">v</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">i</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">)</span><span style="font-style: italic; font-weight: bold; margin-left: 45px; line-height: inherit;">Liquidity risk</span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris financing strategy aims to maintain adequate financial resources and access to additional liquidity. During 2022, Tenaris has counted on cash flows from operations as well as additional bank financing to fund its transactions.&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Management maintains sufficient cash and marketable securities to finance normal operations and believes that Tenaris also has appropriate access to market for short-term working capital needs.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Liquid financial assets as a whole (comprising cash and cash equivalents and other investments) were 9% and 7% of total assets at the end of 2022 and 2021, respectively.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris has a conservative approach to the management of its liquidity, which consists of i)&#160;cash and cash equivalents (cash in banks, liquidity funds and investments&#160;with a&#160;maturity of less than three months&#160;at the date of purchase), and ii) other investments (fixed income securities, time deposits, and fund investments).</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris holds primarily investments in money market funds and variable or fixed-rate securities from investment grade issuers. As of December 31, 2022 and 2021 Tenaris held $5 million and $6 million in direct exposure to financial instruments issued by European sovereign counterparties respectively.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; line-height: inherit;">Tenaris holds its investments primarily in U.S. </span><span style="font-style: normal; line-height: inherit;">dollars. As of December 31, 202</span><span style="font-style: normal; line-height: inherit;">2</span><span style="font-style: normal; line-height: inherit;"> and 20</span><span style="font-style: normal; line-height: inherit;">2</span><span style="font-style: normal; line-height: inherit;">1</span><span style="font-style: normal; line-height: inherit;">, U.S. dollar denominated liquid assets plus investments denominated in other currencies hedged to the U.S. dollar represented approximately </span><span style="font-style: normal; line-height: inherit;">87</span><span style="font-style: normal; line-height: inherit;">%</span><span style="font-style: normal; line-height: inherit;">of total liquid financial assets.&#160;</span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(vii)</span><span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;">Commodity price risk</span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; line-height: inherit;">In the ordinary course of its operations, Tenaris purchases commodities and raw materials that are subject to price volatility caused by supply conditions, political and economic variables and other factors. As a consequence, Tenaris is exposed to risk resulting from fluctuations in the prices of these commodities and raw materials. Tenaris fixes the prices of such raw materials and commodities for short-term periods, typically not in excess of one year, and </span><span style="font-style: normal; line-height: inherit;">i</span><span style="font-style: normal; line-height: inherit;">n general hedging for these risks is performed on a limited basis.&#160;</span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; line-height: inherit;"><br/></span></span></p><div style="line-height: 1.2;"/><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">B. 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For financial instruments that are measured in the statement of financial position at fair value, IFRS 13, &#8220;Fair value measurement&#8221; requires a disclosure of fair value measurements by level according to the following fair value measurement hierarchy:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices).</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Level 3 - Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs).</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The following tables present the financial instruments by category and levels as of December 31, 2022 and 2021.</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 424px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; border-color: #000000; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 13px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 23px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Carrying amount </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Measurement Categories </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVPL </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 1</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 2</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 3</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 22%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,091,527</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">668,668</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">422,859</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">422,859</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">438,448</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">196,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">182,988</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">59,308</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">242,296</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt 0pt 0pt 8.7pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">196,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">196,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Certificates of deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">36,167</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36,167</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commercial papers </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">19,785</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19,785</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other notes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">140,200</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">140,200</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 16px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">211,953</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">182,988</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">28,965</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">211,953</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-U.S. government securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">108,310</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">79,345</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,965</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108,310</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Corporates securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">103,643</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,643</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,643</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Mutual Fund </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">30,343</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,343</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,343</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">119,902</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">2,493,940</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">2,493,940</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Receivables C and NC <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">395,531</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">105,397</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">154,056</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">105,397</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables (non-financial) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">241,475</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">3,464,157</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">345,221</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">519,300</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">778,729</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">54,987</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,179,457</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,179,457</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">112,177</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">112,177</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,020,396</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"><span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><sup>(*)</sup></span><span> Includes balances related to interest in Venezuelan companies. See note <span style="border-left: none; border-right: none; line-height: inherit;">34</span> to these Consolidated Financial Statements.</span></span></p><div style="line-height: 1.2;"/><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 452px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Carrying amount </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Measurement Categories </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVPL </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 1</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 2</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 3</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px; width: 22%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">318,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">212,430</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">105,697</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">105,697</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">397,849</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">239,742</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff; margin-left: 0.1px;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">239,742</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">239,742</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Certificates of deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">94,414</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">94,414</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commercial papers </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">30,062</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,062</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other notes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">115,266</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">115,266</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-U.S. government securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">10,660</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,660</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,660</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Corporates securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">147,447</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,447</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,447</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">320,254</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,299,072</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,299,072</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Receivables C and NC <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">302,164</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">85,220</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">133,879</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">85,220</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables (non-financial) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">168,285</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,836,464</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">519,385</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">124,647</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">576,423</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">56,294</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Liabilities&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">845,256</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">845,256</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">117,285</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">117,285</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,293,474</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"><span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><sup>(*)</sup></span><span>Includes balances related to interest in Venezuelan companies. See note <span style="border-left: none; border-right: none; line-height: inherit;">34</span> to these Consolidated Financial Statements.</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">There were no transfers between levels during the year.&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The fair value of financial instruments traded in active markets is based on quoted market prices at the reporting date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm&#8217;s length basis. The quoted market price used for financial assets held by Tenaris is the current bid price. These instruments are included in Level 1 and comprise primarily corporate and sovereign debt securities.&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The fair value of financial instruments that are not traded in an active market (such as certain debt securities, certificates of deposits with original maturity of more than three months, forward and interest rate derivative instruments) is determined by using valuation techniques which maximize the use of observable market data when available and rely as little as possible on entity specific estimates. If all significant inputs required to value an instrument are observable, the instrument is included in Level 2. Tenaris values its assets and liabilities included in this level using bid prices, interest rate curves, broker quotations, current exchange rates, forward rates and implied volatilities obtained from market contributors as of the valuation date.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><div/><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">If one or more of the significant inputs are not based on observable market data, the instruments are included in Level 3. Tenaris values its assets and liabilities in this level using observable market inputs and management assumptions which reflect the Company&#8217;s best estimate on how market participants would price the asset or liability at measurement date. Main balances in this level include net receivables related to the Company interest in the Venezuelan Companies for a total amount of approximately $48.7 million, which reflects the best estimation of the fair value calculated using the probability of occurrence of weighted scenarios applied to the potential transaction value resulting from the awards purchase agreement mentioned in note 34 to these Consolidated Financial Statements.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The following table presents the changes in Level 3 assets:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 102px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,294</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,319</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (Decrease) / increase </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,126</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">219</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment and others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (244</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">54,987</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">56,294</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">C</span><span style="font-weight: bold; line-height: inherit;">. </span><span style="font-weight: bold; line-height: inherit;">Fair value estimation</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial assets or liabilities classified at fair value through profit or loss are measured under the framework established by the IASB accounting guidance for fair value measurements and disclosures.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The fair values of quoted investments are generally based on current bid prices. If the market for a financial asset is not active or no market is available, fair values are established using standard valuation techniques. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The fair value of all outstanding derivatives is determined using specific pricing models that include inputs that are observable in the market or can be derived from or corroborated by observable data. 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These include exchange rates, deposit rates and other discount rates matching the nature of each underlying risk. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As a general rule, Tenaris recognizes the full amount related to the change in fair value of derivative financial instruments in <span style="font-style: italic; line-height: inherit;">Financial Results</span> in the Consolidated Income Statement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris designates certain derivatives as hedges of particular risks associated with recognized assets or liabilities or highly probable forecast transactions. These transactions are classified as cash flow hedges. The effective portion of the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in equity. Amounts accumulated in equity are then recognized in the income statement in the same period as the offsetting losses and gains on the hedged item. The gain or loss relating to the ineffective portion is recognized immediately in the income statement. The fair value of Tenaris&#8217;s derivative financial instruments (assets or liabilities) continues to be reflected in the statement of financial position.</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">For transactions designated and qualifying for hedge accounting, Tenaris documents at the inception of the transaction the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking various hedge transactions. Tenaris also documents its assessment on an ongoing basis, of whether the hedging instruments are highly effective in offsetting changes in the fair value or cash flow of hedged items. At December 31, 2022 and 2021, the effective portion of designated cash flow hedges which is included in <span style="font-style: italic; line-height: inherit;">Other Reserves</span> in equity amounted to <span style="background-color: #ffffff; line-height: inherit;">$13.1&#160;</span>million credit and $1.3 million credit respectively.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The fair values of various derivative instruments used for hedging purposes and the movements of the hedging reserve included within <span style="font-style: italic; line-height: inherit;">Other Reserves</span> in equity are disclosed in note 25 to these Consolidated Financial Statements.</span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611280544">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Segment Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory', window );">Note 1 - Segment Information</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">1</span><span style="font-weight: bold; margin-left: 30px; line-height: inherit;">Segment information</span></span></p><p style="line-height: 1.2; margin: 0pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">As mentioned in section II.C, the Segment Information is disclosed as follows:</span></p><p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; 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border-right: none;"><div><table cellpadding="0" style="height: 238px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100.002%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Tubes </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Management view - operating income </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,772</span></p></td><td style="vertical-align: bottom; 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border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,847</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; 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font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in selling, general and administrative expenses </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in other operating income (expenses), net </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">74</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - operating income </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,963</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Financial income (expense), net </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,957</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">209</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">3,166</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - Net Sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">11,133</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">630</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">11,763</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">588</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">20</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">608</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0pt; text-align: justify;"><span style="color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></span></p><div id="t_ft_NSKWDQVLTS00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Tubes </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Management view - operating income </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">178</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">65</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">243</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Difference in cost of sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">473</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in depreciation and amortization </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in other operating income (expenses), net </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (8</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - operating income </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">708</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Financial income (expense), net </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">23</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">731</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">513</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">1,243</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr><td style="vertical-align: bottom; padding: 0px 0px 0px 7px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - Net Sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,994</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">528</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">6,521</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">575</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">20</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">595</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0pt; text-align: justify;"><span style="color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></span></p><div id="t_ft_LAA2DWAXMO00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2020 </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Tubes </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Management view - operating (loss) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (277</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (50</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (327</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Difference in cost of sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (134</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in depreciation and amortization </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in selling, general and administrative expenses </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (2</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in other operating income (expenses), net </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (200</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - operating (loss) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (663</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Financial income (expense), net </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (65</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> (Loss) before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (728</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">109</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> (Loss) before income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (619</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - Net Sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,844</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">303</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,147</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">661</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">18</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">679</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div></div><div><p style="margin:0pt"><br/></p></div></div><div><div id="t_ft_UYSN92L2LS00000000000000000000b"/></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; color: #000000;">Transactions between segments, which were eliminated in consolidation, are mainly related to sales of scrap, energy, surplus raw materials and others from the Other segment to the Tubes segment for $77.9 million, $45.6 million and $16.9 million in 2022, 2021 and 2020, respectively.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">There are no material differences between IFRS and management view in total revenues and by reportable segments.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">The differences between operating income under IFRS view and the management view are mainly related to the cost of goods sold, reflecting the effect of raw materials prices increases on the valuation of the replacement cost considered for management view compared to IFRS cost calculated at historical cost on a FIFO basis, and other minor timing differences. </span></p><p style="margin: 0pt; line-height: 1.2;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">The main difference in <span style="font-style: italic; line-height: inherit;">Other operating income (expenses)</span>, for the year ended December 31, 2022, is attributable to the effect of the reclassification of the currency translation adjustment reserve related to NKK Tubes&#8217; definitive cease of operations, not impacting the management view. For the year ended in December 31, 2020, the main difference in <span style="font-style: italic; line-height: inherit;">Other operating income (expenses)</span> is attributable to the impairment of the goodwill, which residual value in the management view differed from IFRS.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">In addition to the amounts reconciled above, the main differences in net income arise from the impact of functional currencies on financial result, deferred income taxes as well as the result of investment in non-consolidated companies.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><div><div id="t_ft_7CI0E6MZHC00000000000000000000b"/></div><div id="fs_ZV153G1SNK00000000000000000000B"><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; color: #000000; line-height: inherit;">Geographical information</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 430px;" width="100%"><tbody><tr style="height: 22px;"><td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; height: 22px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> North America </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> South America </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Europe </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 10.3076%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Middle East &amp; Africa </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Asia Pacific </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="font-weight: bold; margin: 0pt; line-height: inherit;">Unallocated </span><sup><span style="font-weight: bold; vertical-align: super; margin: 0pt; line-height: inherit;">(*)</span></sup></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; width: 29.3433%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net sales </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">6,902,787</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,550,402</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,000,833</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,031,106</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">277,398</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">11,762,526</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Total assets </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">9,018,386</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,896,403</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">2,071,624</span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">739,579</span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">283,608</span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">1,540,646</span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">17,550,246</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Trade receivables </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,371,717</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">583,223</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">202,753</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">249,637</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">86,610</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,493,940</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Property, plant and equipment, net </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,548,844</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,031,423</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">706,539</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">189,701</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">79,756</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">5,556,263</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Capital expenditures </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">118,644</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">176,448</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">62,143</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,813</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">18,398</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">378,446</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">348,550</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">125,324</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">76,631</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">37,612</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">19,606</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">607,723</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net sales </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,360,345</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,311,279</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">742,463</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">857,120</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">250,000</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">6,521,207</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Total assets </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">7,992,946</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,399,448</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,727,573</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">581,204</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">364,486</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,383,774</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">14,449,431</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Trade receivables </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">652,483</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">234,800</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">180,515</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">146,125</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">85,149</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,299,072</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Property, plant and equipment, net </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,805,912</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">984,413</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">742,461</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">221,859</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">70,156</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">5,824,801</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Capital expenditures </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">106,118</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">63,723</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">43,344</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">6,689</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">19,644</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">239,518</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">307,116</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">125,781</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">89,667</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">41,528</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">30,629</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">594,721</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2020 </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net sales </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,179,949</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">776,235</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">642,793</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,227,532</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">320,225</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">5,146,734</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Total assets </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,071,574</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,868,458</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,461,738</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">804,559</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">552,508</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">957,352</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">13,716,189</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Trade receivables </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">411,692</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">115,972</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">139,427</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">210,194</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">90,863</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">968,148</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Property, plant and equipment, net </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,971,101</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,050,619</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">823,057</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">242,939</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">105,465</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">6,193,181</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Capital expenditures </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">71,531</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">63,111</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">39,691</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">10,452</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,537</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">193,322</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">408,546</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">106,827</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">84,518</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">44,259</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">34,656</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">678,806</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr></tbody></table><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">(*)</span>&#160;</span></sup><span>For 2022, 2021 and 2020 includes <span style="font-style: italic; line-height: inherit;">Investment</span><span style="font-style: italic; line-height: inherit;">s in non-consolidated companies</span>. See note 13 to these Consolidated Financial Statements.</span></span></p></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 8pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">There are no revenues from external customers attributable to the Company&#8217;s country of incorporation (Luxembourg). </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">The principal countries from which the Company derives its revenues are USA (42%), Argentina (13%), Mexico (<span style="border-left: none; border-right: none; line-height: inherit;">10</span>%), Canada, Colombia and Italy.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Revenue is mainly recognized at a point in time to direct customers, when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer. Revenues related to governmental institutions represent approximately 22%, 23% and 24% in 2022, 2021 and 2020 respectively.</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Tubes segment revenues by market:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">(All amounts in millions of U.S. dollars)</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="height: 85px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Revenues Tubes </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><div id="fs_70W1P6SE4000000000000000000000B"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><span style="line-height: inherit;">2022</span></span></p></div></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2020</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Oil &amp; Gas </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 9,543</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,895</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,022</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Oil &amp; Gas processing plants </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 738</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 459</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 407</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Industrial, Power and Others </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 852</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 640</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 415</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Total </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">11,133</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,994</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,844</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">At December 31, 2022, 2021 and 2020, the Company recognized contract liabilities related to customer advances in the amount of $242.9 million, $92.4 million and $48.7 million, respectively. Each of these amounts are reclassified to revenues during the subsequent years. In these periods, no significant adjustments in revenues were performed related to previously satisfied performance obligations.</span><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><br/></span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for operating segments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IFRS08_g20-24__IFRS08_g20-24_TI<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578918736">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 2 - Cost of Sales<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCostOfSalesAbstract', window );"><strong>Disclosure of Cost of Sales [Abstract]</strong></a></td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfCostOfSalesExplanatory', window );">Note 2 - Cost of Sales</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"><span style="font-size: 10pt; font-family: &quot;times new roman&quot;, times; color: rgb(0, 51, 102); line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">2</span><span style="font-weight: bold; margin-left: 30px; line-height: inherit;">Cost of sales</span></span></p><p style="margin: 0px; text-indent: 0px;"><br/></p><div id="t_ft_B0E7ZD8XGW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 317px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"> Year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2022</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2021</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2020</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Inventories at the beginning of the year&#160;</span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,672,593</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">1,636,673</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,265,880</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Increase in inventory due to business combinations </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">199,589</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Decrease in inventory due to sale of subsidiaries </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (10,662</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Plus: Charges of the year </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Raw materials, energy, consumables and other </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">5,772,031</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,841,551</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,545,688</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Services and fees </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">293,490</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">208,472</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">154,976</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;">Labor cost&#160;<span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span>&#160;</span></p></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,160,085</span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">824,071</span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">757,359</span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation of property, plant and equipment </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">465,849</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">448,843</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">503,725</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Amortization of intangible assets </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">11,754</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">7,645</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,121</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation of right-of-use assets </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">33,244</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">35,910</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">40,127</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Maintenance expenses </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">267,294</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">129,350</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">107,764</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Allowance for obsolescence </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">24,901</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">23,296</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">35,809</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Taxes </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">194,736</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">40,887</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">45,162</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Other </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">178,691</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">98,159</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">59,790</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,402,075</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,647,522</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">3,458,110</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Less: Inventories at the end of the year </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (3,986,929</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (2,672,593</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (1,636,673</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 18px; background-color: #cceeff;"><td style="height: 18px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">7,087,739</span></p></td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,611,602</span></p></td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,087,317</span></p></td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">(*)</span>&#160;</span></sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;">&#160;For the </span><span style="font-weight: normal; line-height: inherit;">year</span><span style="font-weight: normal; line-height: inherit;"> ended December 202</span><span style="font-weight: normal; line-height: inherit;">2</span><span style="font-weight: normal; line-height: inherit;">, 202</span><span style="font-weight: normal; line-height: inherit;">1</span><span style="font-weight: normal; line-height: inherit;"> and 20</span><span style="font-weight: normal; line-height: inherit;">20</span><span style="font-weight: normal; line-height: inherit;">, labor cost includes approximately </span><span style="font-weight: normal; line-height: inherit;">$</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">17.8</span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million, </span><span style="font-weight: normal; line-height: inherit;">$</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">12.8</span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million</span><span style="font-weight: normal; line-height: inherit;"> and</span><span style="font-weight: normal; line-height: inherit;"> $</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">81.3</span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million respectively of severance indemnities related to the adjustment of the workforce to market conditions.</span></span></span></span></span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the cost of sales. [Refer: Cost of sales]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578415184">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 3 - Selling, General and Administrative Expenses<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpenseAbstract', window );"><strong>Selling, general and administrative expense [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory', window );">Note 3 - Selling, General and Administrative Expenses</a></td>
<td class="text"><p style="margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">3</span><span style="font-weight: bold; margin-left: 30px; line-height: inherit;">Selling, general and administrative expenses</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div id="t_ft_HRXKC3PZI800000000000000000000b"><table border="0" cellpadding="0" style="width: 100%; border-collapse: collapse; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt; height: 22px;" width="100%"><tbody><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td colspan="7" style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">Year ended December 31,</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">2022</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">2021</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">2020</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; width: 64%; background-color: #cceeff;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Services and fees </span></p></td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">148,331</span></p></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">115,303</span></p></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">115,883</span></p></td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Labor cost <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">518,500</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">426,414</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">444,436</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Depreciation of property, plant and equipment&#160;</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">21,883</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">22,924</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">26,814</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Amortization of intangible assets </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">59,018</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">63,874</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">82,355</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="top"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Depreciation of right-of-use assets </span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">15,975</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">15,525</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">17,664</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Commissions, freight and other selling expenses </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">641,812</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">415,895</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">310,815</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Provisions for contingencies </span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">20,606</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">24,998</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">11,957</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Allowances for doubtful accounts </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> (223</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> (4,297</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">4,644</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Taxes </span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">121,410</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">78,800</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">63,234</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Other </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">87,263</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">47,133</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">41,425</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom"/><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="border-left: none; border-right: none; background: #cceeff; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><b><span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">1,634,575</span></b></p></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><b><span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">1,206,569</span></b></p></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><b><span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">1,119,227</span></b></p></td><td style="border-left: none; border-right: none; padding: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify; font-size: 9pt;"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9pt; color: #000000; line-height: inherit;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; line-height: inherit;">(*)</span></sup></span><span><span style="font-family: 'times new roman', times; line-height: inherit;">For the year ended December 2022, 2021</span> and <span style="border-left: none; border-right: none; line-height: inherit;">2020</span>, labor cost includes approximately $<span style="border-left: none; border-right: none; line-height: inherit;">11.2</span> million, $<span style="border-left: none; border-right: none; line-height: inherit;">15.8</span> million and $<span style="border-left: none; border-right: none; line-height: inherit;">61.2</span> million respectively of severance indemnities related to the adjustment of the workforce to market conditions.</span></span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of general and administrative expenses. [Refer: Administrative expenses]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578789008">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 4 - Labor Costs - Labor Costs (Included in Cost of Sales and in Selling, General and Administrative Expenses)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfLaborCostsAbstract', window );"><strong>Disclosure of labor costs [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory', window );">4. Labor costs (included in Cost of sales and in Selling, general and administrative expenses)</a></td>
<td class="text"><p style="margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;">4</span><span style="font-weight: bold; margin-left: 30px;">Labor costs (included in Cost of sales and in Selling, general and administrative expenses)</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><div id="t_ft_R3J9P88EJ400000000000000000000b"><table cellpadding="0" style="height: 129px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000;"> Year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2022</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2020</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Wages, salaries and social security costs </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,594,200</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,170,562</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,036,211</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Severance indemnities </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">29,070</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">28,625</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">142,458</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Defined contribution plans </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">13,256</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">12,608</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">12,442</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Pension benefits - defined benefit plans </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">16,320</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">13,353</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">11,097</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Employee retention and long-term incentive program </span></p></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">25,739</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">25,337</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> (413</span></p></td><td align="left" style="height: 10px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">1,678,585</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">1,250,485</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">1,201,795</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><br/></p><div style="border-right: none; border-left: none;"><p style="line-height: 12pt; margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;">The following table shows the geographical distribution of the employees:</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt; color: #000000;">&#160;</span></p><table cellpadding="0" style="height: 222px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 18px;"><td style="height: 18px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2022</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2020</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Argentina </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">6,444</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,169</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">4,376</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Mexico </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,919</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,474</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">4,501</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> USA </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">3,509</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">2,684</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,596</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Italy </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">2,136</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">2,011</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">2,039</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Romania </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,847</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,725</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,552</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Brazil </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,460</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,817</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,360</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Colombia </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,183</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,009</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">746</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Canada </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">944</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">758</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">561</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Indonesia </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">495</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">506</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">521</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Japan </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">11</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">379</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">399</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Other </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,344</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,244</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,377</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">25,292</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">22,776</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">19,028</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for employee benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Section Scope<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IAS19_g2-7__IAS19_g2-7_TI<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578780944">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 5 - Impairment charge<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract', window );"><strong>Disclosure of impairment loss and reversal of impairment loss [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentOfAssetsExplanatory', window );">Note 5 - Impairment charge</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-weight: bold;">5</span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Impairment charge</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">Tenaris&#8217;s main source of revenue is the sale of products and services to the oil and gas industry, and the level of such sales is sensitive to international oil and gas prices and their impact on drilling activities.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #000000;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company conducts regular assessments of the carrying values of its assets. The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recoverable </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">value</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s based on the value </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">use. The main key assumptions used in estimating the value in use are discount ra</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">te, growth rate and competitive,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> economic </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and regulatory </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">factors applied to determine cash flow projections, such as oil and gas prices, average number of active oil and gas drilling rigs (rig count) and raw material costs.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> In December 2022, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ompany conducted impairment tests,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">also </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">reviewed and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">impaired</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the values of certain idle assets in its subsidiaries.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #000000;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For purposes of assessing key assumptions, to estimate discounted future cash flows, the Company uses external sources of information and management judgment based on past experience</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and expectations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management has determined the value of each of the key assumptions as follows:</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #000000;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">- Discount rate: based on the applicable weighted average cost of capital (&#8220;WACC&#8221;), which is considered to be a good indicator of capital cost, taking into account the industry, country and size of the business. For each CGU where assets are allocated, a specific WACC was determined. In 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the main discount rates used were in a range between 13.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">% and 20.2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">%.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #000000;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">- Growth rate: considers mainly the inflation impact on prices and costs, the long-term </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">evolution</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the oil and gas industry, the higher demand to offset depletion- of existing fields and the Company&#8217;s expected market penetration. In <span style="border-left: none; border-right: none;">202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, a nominal growth rate of 2% was considered.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #000000;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">- Oil and gas prices: based on industry analysts&#8217; reports and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">management&#8217;s expectations of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> market development</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">- Rig count: based on information published by Baker Hughes and management&#8217;s expectations.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">- Raw material costs: based on industry analysts&#8217; reports and management&#8217;s expectations.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="margin: 0pt; text-align: justify;"><span style="color: #000000;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In December 2022, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in the presence of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">impairment indicator</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ompany conducted impairment tests</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and reviewed </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the values </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">certain idle assets in its subsidiaries. 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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the impairment of assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IAS36_g126-137__IAS36_g126-137_TI<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615271024">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 6 - Other Operating Income and Expenses<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory', window );">Note 6 - Other Operating Income and Expenses</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"><span style="color: rgb(0, 51, 102);"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; margin-left: 30px;">Other operating income and expenses</span></span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"><br/></p><div id="t_ft_064N9BOQOG00000000000000000000b"><table cellpadding="0" style="height: 275px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td colspan="7" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 34.0267%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000;"> Year ended December 31, </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 20px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2022</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2020</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; width: 64.9331%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000;"> Other operating income </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Net income from other sales </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">28,161</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">10,694</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">9,891</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Net rents </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,084</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,314</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,501</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Reclassification of currency translation adjustment reserve <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">71,252</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Tax recovery in Brazilian subsidiaries <span style="font-size: 8pt;"><sup>(**)</sup></span>&#160;</span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">35,568</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">8,164</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Other <span style="font-size: 8pt;"><sup>(***)</sup></span></span></p></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">16,290</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">9,837</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Recovery on allowance for doubtful receivables </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">379</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">104,497</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">68,245</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">33,393</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000;"> Other operating expenses </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Contributions to welfare projects and non-profit organizations </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">13,668</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">6,697</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">12,989</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Securities Exchange Commission investigation settlement <span style="font-size: 8pt;"><sup>(****)</sup></span></span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">78,100</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Allowance for doubtful receivables </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">346</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,263</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"> Other</span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">12,595</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">104,709</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">6,697</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">14,252</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; color: #000000;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup>(*)</sup>&#160;<span>During <span style="border-left: none; border-right: none; line-height: inherit;">2022</span>, as result of NKKTubes&#8217; definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see note <span style="border-left: none; border-right: none; line-height: inherit;">35</span> &#8220;Other Relevant Information <span style="font-style: italic; line-height: inherit;">&#8211;</span><span style="font-style: italic; line-height: inherit;">A</span><span style="font-style: italic; line-height: inherit;">greement to terminate NKKTubes joint venture</span><span style="font-style: italic; line-height: inherit;">&#8221;</span><span style="font-style: italic; line-height: inherit;">.</span></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">(**)&#160;</span></sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span>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 $<span style="border-left: none; border-right: none; line-height: inherit;">53</span> million tax credit in Brazilian subsidiaries, out of which $<span style="border-left: none; border-right: none; line-height: inherit;">36</span> million were recognized in other operating income and $<span style="border-left: none; border-right: none; line-height: inherit;">17</span> million in financial results (impacting in Finance Income and Finance Cost). In addition the tax charge related to this gain amounted to $<span style="border-left: none; border-right: none; line-height: inherit;">12</span> million.</span></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><sup><span style="font-family: 'times new roman', times; color: #000000;"><br/></span></sup></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">(***)</span></sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">&#160;<span>On November 1, 2021 the Company transferred <span style="border-left: none; border-right: none; line-height: inherit;">100</span>% of the shares of Geneva Structural Tubes LLC (&#8220;Geneva&#8221;) to MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan for an aggregate price of $<span style="border-left: none; border-right: none; line-height: inherit;">24.3</span> million. The gain of this transaction ascended to approximately $<span style="border-left: none; border-right: none; line-height: inherit;">6.8</span> million.</span></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><sup><br/></sup></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(****)&#160;</sup></span><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span>For more information see note <span style="border-left: none; border-right: none; line-height: inherit;">26</span> &#8220;Contingencies, commitments and restrictions to the distribution of profits - <span style="font-style: italic; line-height: inherit;">Contingencies - Petrobras-related proceedings and claims</span>&#8221;.</span></span></span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of other operating income or expense. [Refer: Other operating income (expense)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615142976">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 7 - Financial Results<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfFinancialResultsAbstract', window );"><strong>Disclosure of Financial Results [Abstract]</strong></a></td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory', window );">Note 7 - Financial Results</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">7</span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;">Financial results</span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><div id="fs_1HLCP16FWG00000000000000000000B"><div><table cellpadding="0" style="height: 206px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td colspan="8" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 37.6488%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"> Year ended December 31, </span></p></td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2022</span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2021</span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2020</span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 61.6071%; padding: 0px 0px 0px 27px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Interest Income </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">86,112</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">38,048</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">21,625</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net result on changes in FV of financial assets at FVPL </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6,092</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Impairment result on financial assets at FVTOCI </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (3,238</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Finance Income&#160;<span style="font-size: 8pt;"><sup>(*)</sup></span></span></span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">80,020</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">38,048</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">18,387</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Finance cost </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (45,940</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (23,677</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (27,014</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Net foreign exchange transactions results <span style="font-size: 8pt;"><sup>(**)</sup></span></span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">15,654</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">17,287</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (74,422</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Foreign exchange derivatives contracts results<span style="font-size: 9pt;"><sup>(***)</sup></span></span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (25,666</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (7,966</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">19,644</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Other <span style="font-size: 8pt;"><sup>(****)</sup></span></span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (30,108</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,026</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,590</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Other financial results</span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (40,120</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,295</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (56,368</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Net financial results </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (6,040</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">22,666</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (64,995</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">(*)&#160;</span></sup><span><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Finance Income: </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span>, <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">33</span></span> million, $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">3.3</span></span> million and $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6.5</span></span> million of interest related to instruments carried at FVPL, respectively. </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> also includes a realized loss of $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">10.5</span></span> million related to the change in FV of certain financial instruments obtained in an operation of settlement of trade receivables.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> also includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">18</span></span> million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6</span></span> to these Consolidated Financial Statements.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(**)&#160;</sup></span><span><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Net foreign exchange transactions results:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> mainly includes result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar, together with the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> mainly includes the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary, together with the result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar. </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> 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. dollar, 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 reserve from our Brazilian subsidiaries. Also includes the negative result from the Mexican peso depreciation against the U.S. dollar on peso denominated trade, social, fiscal and financial positions at Mexican subsidiaries with functional currency U.S. dollar.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(***)&#160;</sup></span><span><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Foreign exchange derivatives contracts results:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> includes mainly losses on derivatives covering net liabilities in Euro and Japanese yen, partially offset by gains on derivatives covering net receivables in Brazilian real.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> includes mainly gain on derivatives covering net receivables in Mexican peso, Brazilian real and Canadian dollar and net payables in Euro.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(****)&#160;</sup></span><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Other:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> includes a loss of $<span style="border-left: none; border-right: none;">29.8</span> million related to the transfer of Argentine sovereign bonds paid as dividend in kind from an Argentinian subsidiary to its shareholders. For more information see note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">28</span></span>.</span></span></span></span></span></p></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of finance income (cost). [Refer: Finance income (cost)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611273536">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 8 - Income Tax<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract', window );"><strong>Major components of tax expense (income) [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfIncomeTaxExplanatory', window );">Note 8 - Income Tax</a></td>
<td class="text"><p style="line-height: 10pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">8</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Income t</span><span style="font-size: 10pt; font-weight: bold;">ax</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.8235%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2020</span></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"><p style="margin: 0pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> Current tax </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (589,706</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (215,467</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (121,048</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.951%;"><p style="margin: 0pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> Deferred tax </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (27,530</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">26,019</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">97,898</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"><p style="margin: 0pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> Tax charge </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> (617,236</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-weight: bold; font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> (189,448</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-weight: bold; font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> (23,150</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-weight: bold; font-size: 10pt;">)</span></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;"><br/></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;">The tax on </span><span style="font-size: 10pt;">Tenaris&#8217;s</span><span style="font-size: 10pt;"> income before tax differs from the theoretical amount that would arise using the tax rate in each country as follows</span><span style="font-size: 10pt;">:</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div id="t_ft_K7AC461LWG00000000000000000000b"><table cellpadding="0" style="height: 204px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.9344%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2020</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income (loss) before income tax </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,165,937</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,242,766</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (619,267</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Less impairment charges (non-deductible) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">57,075</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">622,402</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income before income tax without impairment charges </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,165,937</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,299,841</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,135</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax calculated at the tax rate in each country </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (705,727</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (209,765</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">21,052</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Effect of currency translation on tax base </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (187,186</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (76,043</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (72,936</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Changes in the tax rates </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,422</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (29,881) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (958</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Utilization of previously unrecognized tax losses </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29,560</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">966</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">98</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax revaluation, withholding tax and others </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">249,539</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">125,275</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29,594</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Tax charges </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (617,236</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><span style="font-size: 10pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (189,448</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><span style="font-size: 10pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (23,150</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><span style="font-size: 10pt; font-weight: bold;">)</span></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic;">Effect of currency translation on tax base,</span><span style="font-size: 10pt;"> Tenaris applies the liability method to recognize deferred income tax on temporary differences between the tax bases of assets / liabilities and their carrying amounts in the financial statements. By application of this method, Tenaris recognizes gains and losses on deferred income tax due to the effect of the change in the value on the tax bases in subsidiaries (mainly Argentina and Mexico), which have a functional currency different than their local currency. These gains and losses are required by IFRS even though the revalued / devalued tax bases of the relevant assets will not result in any deduction / obligation for tax purposes in future periods.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 8pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic;">Changes in the tax rates</span><span style="font-size: 10pt;"> includes mainly the effect of the increase in the corporate income tax rate in Argentina from 25% to 35% for fiscal years starting January 1, 2021.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic;">Tax revaluation, withholding tax and others,</span><span style="font-size: 10pt;"> includes a net tax income of </span><span style="font-size: 10pt;">$250</span><span style="font-size: 10pt;">&#160;million, $113</span><span style="font-size: 10pt;">&#160;million and $61</span><span style="font-size: 10pt;"> million for 202</span><span style="font-size: 10pt;">2</span><span style="font-size: 10pt;">, 202</span><span style="font-size: 10pt;">1</span><span style="font-size: 10pt;"> and 20</span><span style="font-size: 10pt;">20</span><span style="font-size: 10pt;"> respectively related to the tax revaluation regimes in Argentina and Mexico. It also includes a charge </span><span style="font-size: 10pt;">of $21</span><span style="font-size: 10pt;">&#160;million, $23</span><span style="font-size: 10pt;">&#160;million and $10</span><span style="font-size: 10pt;">&#160;million for 202</span><span style="font-size: 10pt;">2</span><span style="font-size: 10pt;">, 202</span><span style="font-size: 10pt;">1</span><span style="font-size: 10pt;"> and 20</span><span style="font-size: 10pt;">20</span><span style="font-size: 10pt;"> respectively related to withholding taxes for intra-group international operations.</span></span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IAS12_g79-88__IAS12_g79-88_TI<br> -URIDate 2022-03-24<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 9 - Dividends Distribution<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDividendsExplanatory', window );">Note 9 - Dividends Distribution</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="color: #003366;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; margin-left: 30px;">Dividends distribution</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #000000;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">On November 3, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the Company&#8217;s Board of Directors approved the payment of an interim dividend of $0.17</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;per share ($0.34</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;per ADS), or approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">201</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, pa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">id</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> on November </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">23</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, with an ex-dividend date of November </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">21</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">On May 3, 2022, the Company&#8217;s Shareholders approved an annual dividend in the amount of $0.41 per share ($0.82 per ADS). The amount approved included the interim dividend previously paid in November 24, 2021 in the amount of $0.13 per share ($0.26 per ADS). The balance, amounting to $0.28 per share ($0.56 per ADS), was paid on May 25, 2022, for an amount of approximately $331 million. In the aggregate, the interim dividend paid in November 2021 and the balance paid in May 2022 amounted to approximately $484 million.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;">On May 3, 2021, the Company&#8217;s Shareholders approved an annual dividend in the amount of $0.21 per share ($0.42 per ADS). The amount approved included the interim dividend previously paid in November 25, 2020 in the amount of $0.07 per share ($0.14 per ADS). The balance, amounting to $0.14 per share ($0.28 per ADS), was paid on May 26, 2021, for an amount of approximately $165 million. In the aggregate, the interim dividend paid in November 2020 and the balance paid in May 2021 amounted to approximately $248 million.</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615258704">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 10 - Property, Plant and Equipment, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract', window );"><strong>Disclosure of detailed information about property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory', window );">Note 10 - Property, Plant and Equipment, Net</a></td>
<td class="text"><p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; color: #003366; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">10</span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Property, plant and equipment, net</span></span></p><p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><br/></span></span></p><div id="t_ft_KFJPHC1LE800000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 309px;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Land and </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">civil </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Industrial </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings, </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">plant&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">and</span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">production </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">equipment </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Vehicles, </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">furniture </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and fixtures </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Work in </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">progress </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Spare parts </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and</span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> equipment </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Cost </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Values at the beginning of the year </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">830,104</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">13,064,541</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">420,930</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">147,429</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">59,522</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">14,522,526</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,601</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (71,347</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,838</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">376</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (174</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (74,584</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">187</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">187</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Additions </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,271</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">734</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">334,912</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,150</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">346,067</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">9,829</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">184,915</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">16,221</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (227,153</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (16,188</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (22,569</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (322,886</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (33,562</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (3,372</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (11,972</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (394,361</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Values at the end of the year </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">815,763</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">12,857,494</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">402,485</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">252,379</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">55,526</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">14,383,647</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Depreciation and impairment </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">139,941</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,199,724</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">353,639</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">4,421</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,697,725</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (289</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (51,283</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,756</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">130</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (53,198</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation charge </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">13,577</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">432,648</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">21,022</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">20,485</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">487,732</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">75,722</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">321</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">76,043</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (2</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (21,506</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (215</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (21,723</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (955</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (321,334</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (32,485</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4,421</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (359,195</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">152,272</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,313,971</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">340,526</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">20,615</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,827,384</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> At December 31, 2022 </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">663,491</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,543,523</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">61,959</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">252,379</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">34,911</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,556,263</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0pt 0pt 0pt 35pt; text-align: justify; text-indent: -35pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup>(*)</sup><span style="border-right: none; border-left: none;">Related to Parques E&#243;licos de la Buena Ventura S.A. acquisition, for more information see note </span><span style="border-left: none; border-right: none;">33</span><span style="border-right: none; border-left: none;"> to these Consolidated Financial Statements.</span></span></p><p style="margin: 0pt; line-height: 1.2;"><br/></p><div style="line-height: 1.2;"><div id="t_ft_YRR9GQAXJ400000000000000000000b"/></div><div id="t_ft_U1X18FGVAO00000000000000000000b"><table cellpadding="0" style="height: 252px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 51px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 51px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; padding: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Land and </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">civil </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Industrial </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings, </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">plant </span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">production </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">equipment </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Vehicles, furniture </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and fixtures </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Work in </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">progress </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Spare parts </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">equipment </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="white-space: nowrap; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px; background-color: #cceeff; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Cost </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Values at the beginning of the year </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">839,584</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">13,079,545</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">414,757</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">102,226</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">61,893</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">14,498,005</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (5,084</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (138,839</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (5,042</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (365</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (569</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (149,899</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Additions </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">15,238</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,171</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">192,470</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">4,830</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">213,717</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,448</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">148,037</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">17,688</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (146,752</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">21,421</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Decrease due to sale of subsidiaries<span style="font-size: 8pt;"><sup> (*)</sup></span></span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (200</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4,310</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (62</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4,572</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6,652</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (35,130</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (7,582</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (150</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6,632</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (56,146</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Values at the end of the year </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">830,104</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">13,064,541</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">420,930</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">147,429</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">59,522</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">14,522,526</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Depreciation and impairment </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">132,458</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">7,830,120</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">342,246</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,304,824</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,292</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (97,236</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4,621</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (103,149</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation charge </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">9,736</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">440,316</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">21,715</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">471,767</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">51,470</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">780</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">4,421</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">56,671</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Decrease due to sale of subsidiaries <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<span style="border-left: none; border-right: none;">567</span></span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<span style="border-left: none; border-right: none;">53</span></span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<span style="border-left: none; border-right: none;">620</span></span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (961</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (24,379</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6,428</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (31,768</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">139,941</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,199,724</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">353,639</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,421</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,697,725</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> At December 31, 2021 </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">690,163</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,864,817</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">67,291</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">147,429</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">55,101</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,824,801</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(*)</span>&#160;Related to Geneva sale. See note 6 to these Consolidated Financial Statements.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">See note 27 for a description of certain restricted assets with a carrying value of $56.2 million held in Saudi Arabia by the Company&#8217;s subsidiary SSPC, in which Tenaris holds a 47.79%.&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Property, plant and equipment include capitalized interests for net amounts at December 31, 2022 and 2021 of $30.4 million and $32 million, respectively. There were no new interests capitalized during 2022 and 2021. </span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Government grants recognized as a reduction of property, plant and equipment were immaterial for the years 2022 and 2021.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">The carrying amounts of assets pledged as security for current and non-current borrowings were immaterial for the years 2022 and 2021.</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for property, plant and equipment.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615354512">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 11 - Intangible Assets, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsExplanatory', window );">Note 11 - Intangible Assets, Net</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;"><span style="line-height: inherit;">11</span></span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-weight: bold; line-height: inherit;">Intangible assets, net&#160;</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 285px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Licenses, patents and trademarks <span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Customer relationships </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cost </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">650,155</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">547,527</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,468,638</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,211,151</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,877,471</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,626</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,088</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,538</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Increase due to business combinations <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(**)</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,019</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,019</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31,427</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">952</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32,379</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,535</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,535</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disposals<span style="font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(***)</span></span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (58,947</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,507</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (449,109</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (509,563</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">614,474</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">550,991</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,469,726</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,762,042</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">5,397,233</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">599,307</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">391,223</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,383,994</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,130,771</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,505,295</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,496</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,496</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,218</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,701</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,853</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">70,772</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">680</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">682</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disposals <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(***)</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (58,912</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,507</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (449,109</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (509,528</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">561,119</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">398,417</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,384,674</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,720,515</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,064,725</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2022 </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">53,355</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">152,574</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,085,052</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">41,527</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,332,508</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(*) </span></sub><span>Includes Proprietary Technology.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(**) </span></sub><span><span style="border-right: none; border-left: none;">Related to Parques E&#243;licos de la Buena Ventura S.A. acquisition, for more information see note </span><span style="border-left: none; border-right: none;">33</span><span style="border-right: none; border-left: none;"> to these Consolidated Financial Statements.</span></span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(***) </span></sub><span>Mainly related to fully depreciated assets following the deconsolidation of a Canadian subsidiary of the Company.</span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 282px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Licenses, patents and trademarks <span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Customer relationships </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cost </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">637,352</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">550,500</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,469,962</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,211,151</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,868,965</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,466</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (151</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,324</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,941</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22,830</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,971</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,801</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,902</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,637</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,539</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (659</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,156</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,815</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">650,155</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">547,527</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,468,638</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,211,151</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">5,877,471</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">577,359</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">382,531</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,383,994</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,096,025</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,439,909</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,014</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,014</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,072</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,701</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">34,746</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">71,519</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">404</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">404</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (514</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (523</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">599,307</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">391,223</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,383,994</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,130,771</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,505,295</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">50,848</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">156,304</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,084,644</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">80,380</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,372,176</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(*) </span></sub><span style="border-right: none; border-left: none;">Includes Proprietary Technology.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><div><span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;">The geographical allocation of goodwill for the year ended December 31, 2022 was $</span>939.2<span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"> million for North America, $</span>111<span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"> million for South America, $</span>33<span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"> million for Middle East &amp; Africa and $</span>1.9<span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"> million for Europe.</span><br/></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The carrying amount of goodwill allocated by CGU, as of December 31, 2022, was as follows:</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="height: 136px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (all amounts in millions of U.S. dollars) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Tubes Segment </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> CGU </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hydril Acquisition </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tamsa (Hydril and other) </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">346</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">365</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Siderca (Hydril and other) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">265</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">93</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">358</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hydril </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">309</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">309</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">920</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">165</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,085</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for intangible assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IAS38_g118-128__IAS38_g118-128_TI<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611068976">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Right-of-use Assets, Net and Lease Liabilities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PresentationOfLeasesForLesseeAbstract', window );"><strong>Presentation of leases for lessee [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfLeasesExplanatory', window );">Note 12 - Right-of-use Assets, Net and Lease Liabilities</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">12</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Right-of-use assets, net and lease liabilities</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; color: #000000;">Right of use assets evolution</span></p><p style="line-height: 12pt; margin: 0pt;"><br/></p><div id="t_ft_4R1STZ133400000000000000000000b"><table cellpadding="0" style="height: 342px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 70px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 70px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Year ended December 31, 2022 </span></p></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Land and Civil Buildings </span></p></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; height: 70px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Industrial Buildings, Plant and Production Equipment </span></p></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Vehicles, furniture and fixtures </span></p></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Others </span></p></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Total </span></p></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Cost </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Opening net book amount </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">46,082</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">131,816</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">20,256</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">198,154</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">52</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (414</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (417</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (779</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">15,872</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">31,778</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">7,674</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">1,182</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">56,506</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (5,166</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (1,317</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">6,483</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (13,270</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (36,186</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,705</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (53,161</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2022 </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">43,570</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">125,677</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">30,291</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">1,182</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">200,720</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Depreciation </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">24,005</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">54,727</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">10,684</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">89,416</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (9</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (139</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (251</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (399</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Depreciation charge </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">8,965</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">32,767</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">7,277</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">210</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">49,219</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,974</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">1,431</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">2,543</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (10,054</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (35,992</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,211</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (49,257</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">18,933</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">52,794</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">17,042</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">210</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">88,979</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2022 </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">24,637</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">72,883</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">13,249</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">972</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">111,741</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0pt;"><br/></p><div/><div id="t_ft_Q45JFIX54000000000000000000000b"><table cellpadding="0" style="height: 307px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 35px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 35px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Year ended December 31, 2021 </span></p></td><td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Land and Civil Buildings </span></p></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 10.0284%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Industrial Buildings, Plant and Production Equipment </span></p></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Vehicles, furniture and fixtures </span></p></td><td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Total </span></p></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Cost </span></p></td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Opening net book amount </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">41,932</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">273,358</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">18,615</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">333,905</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (187</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (592</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (560</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (1,339</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">6,010</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">10,127</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">6,189</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">22,326</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (274</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">277</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">3</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Disposals <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (1,673</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (150,803</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (4,265</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (156,741</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">46,082</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">131,816</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">20,256</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">198,154</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Depreciation </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">15,142</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">67,993</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">8,817</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">91,952</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (37</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (177</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (260</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (474</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Depreciation charge </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">9,882</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">35,964</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">5,589</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">51,435</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">96</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (93) </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">3</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Disposals <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (982</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (49,149</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,369</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (53,500</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">24,005</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">54,727</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">10,684</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">89,416</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">22,077</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">77,089</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">9,572</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">108,738</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 9pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(*)&#160;</sup></span><span><span style="border-right: none; border-left: none;">Includes net disposals of $</span><span style="border-left: none; border-right: none;">96.6</span><span style="border-right: none; border-left: none;"> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</span></span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Depreciation of right-of-use assets is mainly included in Tubes segment.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 8pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; color: #000000;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">Lease liability evolution</span></span></p><p style="line-height: 10pt; margin: 0pt;"><br/></p><div id="t_ft_GQ29F57IGW00000000000000000000b"><table cellpadding="0" style="height: 153px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">2022</span></p></td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">2021</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Opening net book amount</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">117,285</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">257,343</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Translation differences </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,922</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (11,350</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">56,459</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">22,261</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Cancellations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (5,207</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (103,329</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Repayments <span style="font-size: 8pt;"><sup>(**)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (55,874</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (50,998</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Interest accrued </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">3,436</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">3,358</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">112,177</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">117,285</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; color: #000000;">&#160;</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(*)&#160;</sup></span><span>For <span style="border-left: none; border-right: none;">2021</span>, includes $<span style="border-left: none; border-right: none;">95.8</span> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(**)&#160;</sup></span><span>For <span style="border-left: none; border-right: none;">2022</span> includes repayments of $<span style="border-left: none; border-right: none;">52.4</span> million in capital and $<span style="border-left: none; border-right: none;">3.5</span> million of interest, and for <span style="border-left: none; border-right: none;">2021</span> includes repayments of $<span style="border-left: none; border-right: none;">48.5</span> million in capital and $<span style="border-left: none; border-right: none;">2.5</span> million of interest.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">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. </span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">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.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Expenses related to short-term leases, leases of low value assets and variable leases (included in <span style="font-style: italic;">cost of sales and selling, general and administrative expense</span><span style="font-style: italic;">s</span>) were not material for the years 2022 and 2021.</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for leases.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615143888">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 13 - Investments in Non-consolidated Companies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInterestsInOtherEntitiesExplanatory', window );">Note 13 - Investments in Non-consolidated Companies</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">13</span></span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">Investments in </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">non-consolidated</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"> companies</span></span></p><p style="margin: 0pt; line-height: 1.2;"><br/></p><div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_119CT6OBTC00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 139px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; width: 22.0238%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9345%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 9.97024%; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,383,774</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.97024%; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">957,352</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.4881%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Translation differences </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,336</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,085</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">242,743</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">512,591</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Impairment loss in non-consolidated companies <span style="font-size: 8pt;"><sup><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (34,041</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"><p style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">)</p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; 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margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (78,926</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.4881%; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Increase in equity reserves and others </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,023</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,842</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,540,646</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,383,774</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div></div><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(<span style="font-size: 9pt;">*)&#160;</span></span><span><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Includes an impairment of $<span style="border-left: none; border-right: none;">19.1</span> million related to the investment in Usiminas and $14.9 million related to the joint venture with</span><span style="line-height: inherit;"> PAO</span><span style="line-height: inherit;"> Severstal</span><span style="line-height: inherit;"> (&#8220;Severstal&#8221;)</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"> For more information see note </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">6</span></span><span style="line-height: inherit;">.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(**)&#160;</span><span><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Related to Ternium</span><span style="line-height: inherit;"> and Usiminas</span><span style="line-height: inherit;">. During </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">202</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2</span></span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">20</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1</span></span></span><span style="line-height: inherit;"> $</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">66.2</span></span><span style="line-height: inherit;">&#160;million and</span><span style="line-height: inherit;">$</span><span style="border-left: none; border-right: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">75.9</span></span></span></span><span style="line-height: inherit;"> million</span><span style="line-height: inherit;"> respectively</span><span style="line-height: inherit;"> were collected</span><span style="line-height: inherit;">.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 4.3pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The principal </span><span style="font-size: 10pt; line-height: inherit;">non-consolidated</span><span style="font-size: 10pt; line-height: inherit;"> companies are:</span></span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_ONKABFDIWW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 115px; text-indent: 0px;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> % ownership at December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Book value at December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Country of incorporation </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 29%; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">a) Ternium <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 30%; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Luxembourg </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11.46% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11.46% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,363,607</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,210,206</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">b) Usiminas <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(**)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brazil </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3.07% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3.07% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109,534</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,106</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> c) Techgen </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mexico </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22.00% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22.00% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">41,506</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">29,397</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> d) Global Pipe Company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Saudi Arabia </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">35.00% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">35.00% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,022</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">21,523</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160;&#160;&#160;&#160; Others </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,977</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19,542</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,540,646</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,383,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div></div><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(*)&#160;</span><span><span style="line-height: inherit;">Including treasury shares.</span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(**) </span>&#160;<span><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">At December 31,</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">1</span></span><span style="line-height: inherit;">the voting rights were </span><span style="border-right: none; border-left: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">5.19</span></span></span><span style="line-height: inherit;">%</span><span style="line-height: inherit;">.</span></span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;">a) Ternium</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Ternium</span><span style="font-size: 10pt; line-height: inherit;"> is a steel producer with production facilities in Mexico,</span><span style="font-size: 10pt; line-height: inherit;"> Brazil, </span><span style="font-size: 10pt; line-height: inherit;">Argentina, Colombia,</span><span style="font-size: 10pt; line-height: inherit;"> the Southern</span><span style="font-size: 10pt; line-height: inherit;"> Un</span><span style="font-size: 10pt; line-height: inherit;">ited States and </span><span style="font-size: 10pt; line-height: inherit;">Central America</span><span style="font-size: 10pt; line-height: inherit;"> and</span><span style="font-size: 10pt; line-height: inherit;"> is one of </span><span style="font-size: 10pt; line-height: inherit;">Tenaris&#8217;s</span><span style="font-size: 10pt; line-height: inherit;"> main suppliers of round steel bars and flat steel products for its pipes business.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">At December 31, 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, the closing price of Ternium&#8217;s ADSs as quoted on the New York </span><span style="font-size: 10pt; line-height: inherit;">Stock Exchange was</span><span style="font-size: 10pt; line-height: inherit;"> $</span><span style="font-size: 10pt; line-height: inherit;">30.56</span><span style="font-size: 10pt; line-height: inherit;"> per ADS, giving </span><span style="font-size: 10pt; line-height: inherit;">Tenaris&#8217;s</span><span style="font-size: 10pt; line-height: inherit;"> ownership stake a ma</span><span style="font-size: 10pt; line-height: inherit;">rket value of approximately $</span><span style="font-size: 10pt; line-height: inherit;">702</span><span style="font-size: 10pt; line-height: inherit;"> million</span><span style="font-size: 10pt; line-height: inherit;">. A</span><span style="font-size: 10pt; line-height: inherit;">t December 31, 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, the carrying value of </span><span style="font-size: 10pt; line-height: inherit;">Tenaris&#8217;s</span><span style="font-size: 10pt; line-height: inherit;"> ownership stake in Ternium, based on Ternium&#8217;s IFRS </span><span style="font-size: 10pt; line-height: inherit;">Financial S</span><span style="font-size: 10pt; line-height: inherit;">ta</span><span style="font-size: 10pt; line-height: inherit;">tements,</span><span style="font-size: 10pt; line-height: inherit;"> was approximately </span><span style="font-size: 10pt; line-height: inherit;">$</span><span style="font-size: 10pt; line-height: inherit;">1,363.6</span><span style="font-size: 10pt; line-height: inherit;"> million.</span><span style="font-size: 10pt; line-height: inherit;"> The Company reviews its participation in Ternium whenever events or circumstances indicate that the asset&#8217;s carrying amount may not be recoverable</span><span style="font-size: 10pt; line-height: inherit;">. As of December 31, 202</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">the Company concluded that</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">the carrying amount does not exceed the recoverable value of the investment.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div><div style="border-right: none; border-left: none;"><div/></div></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Summarized selected financial information of Ternium, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows:</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-right: none; border-left: none;"><table cellpadding="0" style="height: 241px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Ternium </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 10%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,647,510</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,491,363</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,844,038</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,606,544</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">17,491,548</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">17,097,907</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,506,325</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,649,105</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,216,832</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,213,764</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">3,723,157</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,862,869</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total equity </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13,768,391</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12,235,038</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-controlling interests </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,922,434</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,700,019</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Revenues </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,414,466</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,090,744</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gross profit </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,927,184</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,195,674</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to owners of the parent </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,767,516</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,825,068</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></div><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;">b) Usiminas</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Usiminas is a Brazilian producer of high quality flat steel products used in the energy, automotive and other industries.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">As of December 31, 20</span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-size: 10pt; line-height: inherit;">, the closing price of the Usiminas&#8217; ordinary and preferred shares, as quoted on the B3</span><span style="font-size: 10pt; line-height: inherit;"> - Brasil Bolsa Balc&#227;o S.A</span><span style="font-size: 10pt; line-height: inherit;">, was </span><span style="font-size: 10pt; line-height: inherit;">BRL</span><span style="font-size: 10pt; line-height: inherit;">7.41</span><span style="font-size: 10pt; line-height: inherit;">&#160;($</span><span style="font-size: 10pt; line-height: inherit;">1.42</span><span style="font-size: 10pt; line-height: inherit;">) and BRL</span><span style="font-size: 10pt; line-height: inherit;">7.16</span><span style="font-size: 10pt; line-height: inherit;">&#160;($</span><span style="font-size: 10pt; line-height: inherit;">1.37</span><span style="font-size: 10pt; line-height: inherit;">), respectively, giving Tenaris&#8217;s ownership stake a market value of approximately $</span><span style="font-size: 10pt; line-height: inherit;">53.6</span><span style="font-size: 10pt; line-height: inherit;">&#160;million</span><span style="font-size: 10pt; line-height: inherit;">. As</span><span style="font-size: 10pt; line-height: inherit;"> of</span><span style="font-size: 10pt; line-height: inherit;"> that date, the carrying value of Tenaris&#8217;s ownership stake in Usiminas was </span><span style="font-size: 10pt; line-height: inherit;">approximately $</span><span style="font-size: 10pt; line-height: inherit;">109.5</span><span style="font-size: 10pt; line-height: inherit;"> million.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">For the year ended December 31, 2022, t</span><span style="font-size: 10pt; line-height: inherit;">he Company conducted an impairment</span><span style="font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; line-height: inherit;">test and - mainly due to the lower expectations of steel demand and market steel prices, together with a worsened global macroeconomic situation that derived in the increase in discount rates - wrote down its investment in Usiminas by $19.1 million. The value-in-use was used to determine the recoverable value. Value-in-use was calculated discounting the estimated cash flows over a <span style="-sec-ix-hidden:Tag3218"><span style="border-left: none; border-right: none;">five</span>-year</span> period based on forecasts approved by management. For the subsequent years beyond the <span style="-sec-ix-hidden:Tag3219"><span style="border-left: none; border-right: none;">five</span>-year</span> period, a terminal value was calculated based on perpetuity considering a nominal growth rate of 2%. The discount rate used for such test was 13.5% and is based on the respective WACC, which is considered to be a good indicator of capital cost. The main factors that could result in additional impairment charges in future periods would be an increase of the discount rate, or a deterioration of the macroeconomic situation, steel demand and prices. Management has considered and assessed reasonably possible changes in the key assumptions and ha</span><span style="font-size: 10pt; line-height: inherit;">s</span><span style="font-size: 10pt; line-height: inherit;"> not identified any instances that could give rise to an additional material impairment charge over its investment in Usiminas.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Summarized selected financial information of Usiminas, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows:&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.672%; height: 238px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Usiminas </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 10%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,764,453</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,491,103</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,901,844</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,583,814</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,666,297</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,074,917</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,671,249</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,575,321</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,033,524</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,134,663</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,704,773</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,709,984</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total equity </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,961,524</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,364,933</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-controlling interests </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">523,741</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">467,551</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Revenues </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,296,964</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,269,569</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gross profit </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,110,439</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,101,336</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to owners of the parent </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">319,979</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,687,682</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">c) Techgen</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Techgen is a Mexican company that operates a natural gas-fired combined cycle electric power plant in the Pesquer&#237;a area of the State of Nuevo Le&#243;n, Mexico, with a power capacity of 900 megawatts. As of December 31, 202</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, Tenaris held 22% of Techgen&#8217;s share capital, and its affiliates, Ternium and Tecpetrol (both controlled by San Faustin), held 48% and 30% respectively.</span><span style="font-size: 10pt; line-height: inherit;">As of December</span><span style="font-size: 10pt; line-height: inherit;"> 31, 202</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, the carrying value of Tenaris&#8217;s ownership stake in Techgen was approximately $</span><span style="font-size: 10pt; line-height: inherit;">41.5</span><span style="font-size: 10pt; line-height: inherit;"> million.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">Techgen entered into certain transportation capacity agreements,</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;"> equipment and other services related to the equipment,</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;"> and an agreement for the </span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">purchase of clean energy certificates. As of December 31, 202</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">2</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">, Tenaris&#8217;s exposure under these agreements </span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">amounted to $</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">42.5</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;"> million</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">, $</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">0.9</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;"> million </span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">and $</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">17.2</span><span style="font-size: 10pt; font-weight: normal; line-height: inherit;">million respectively.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Techgen&#8217;s sponsors granted certain subordinated loans to Techgen. 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Techgen&#8217;s obligations thereunder are guaranteed by a Mexican security trust (covering shares, assets, accounts and contract rights), account pledges and certain direct agreements &#8211;customary for these type of transactions&#8211;. The commercial terms and conditions governing the purchase by the Company&#8217;s Mexican subsidiary, Tamsa, of </span><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">22</span></span><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">% of the energy generated by Techgen remain substantially unchanged.</span></span><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Under the loan agreement, Techgen is committed to maintain a debt service reserve account covering debt service becoming due during two consecutive quarters; such account is funded by stand-by letters of credit issued for the account of Techgen&#8217;s sponsors in proportion to their respective participations in Techgen. 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Tenaris, through its subsidiary SSPC, currently owns 35% of the share capital</span><span style="font-size: 10pt; line-height: inherit;"> of GPC. As of December 31, 2022</span><span style="font-size: 10pt; line-height: inherit;">, the carrying value of Tenaris&#8217;s ownership stake in GPC was approximately $</span><span style="font-size: 10pt; line-height: inherit;">23</span><span style="font-size: 10pt; line-height: inherit;"> million.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">SSPC and the other three owners of GPC have issued corporate guarantees to secure repayment of loan agreements entered into by GPC, with the Saudi Investment Development Fund, the Saudi British Bank, the National Commercial Bank and Banque Saudi Fransi to finance GPC&#8217;s capital expenditures and working capital. As of December 31, 202</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, SSPC&#8217;s exposure under the guarantees amounted to $</span><span style="font-size: 10pt; line-height: inherit;">84</span><span style="font-size: 10pt; line-height: inherit;"> million.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">In December 2022, EEW, a German company that owns another 35% interest in GPC, expressed its intention to sell its entire interest in GPC for a cash amount of $9.9 million and a release of EEW&#8217;s corporate guarantees with respect to GPC&#8217;s debt. SSPC and another shareholder that owns a 20% interest in GPC exercised their respective rights of first refusal. Each such acquisition is subject to customary conditions, including competition </span><span style="font-size: 10pt; line-height: inherit;">clearance</span><span style="font-size: 10pt; line-height: inherit;"> and bank consents. If both acquisitions are cons</span><span style="font-size: 10pt; line-height: inherit;">ummated, SSPC will acquire a 22.3</span><span style="font-size: 10pt; line-height: inherit;">% additional int</span><span style="font-size: 10pt; line-height: inherit;">erest in GPC (thus totaling a 57.3% interest</span><span style="font-size: 10pt; line-height: inherit;">) and will assume a portion of EEW&#8217;s corporate guarantees (so that SSPC&#8217;s exposure under the g</span><span style="font-size: 10pt; line-height: inherit;">uarantees will increase to $137.5</span><span style="font-size: 10pt; line-height: inherit;"> million based on debt amounts as of December 31, 2022).</span></span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578533408">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 14 - Receivables - Non Current<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfNoncurrentReceivablesTextBlock', window );">Note 14 - Receivables - Non Current</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; color: rgb(0, 51, 102);"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">14</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Receivables &#8211; non current</span></span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><div style="border-right: none; border-left: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 156px; width: 100.162%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 10pt;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 10pt;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Employee advances and loans </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">53,210</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from related parties </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">67,921</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">61,841</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Legal deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,394</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,041</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advances to suppliers and other advances&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">28,779</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,878</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivable Venezuelan subsidiaries </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">17,726</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">15,142</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">211,720</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">205,888</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold;"><br/></span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><sup><span style="font-family: 'times new roman', times;">(*) </span></sup><span><span style="font-family: 'times new roman', times;">As of December 31, 2022 and 2021 respectively, included approximately $8 million and $36 million related to PIS and COFINS (Federal Social Contributions on Gross Revenues) tax recovery on Brazilian subsidiaries.</span></span></span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611014768">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 15 - Inventories, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; color: rgb(0, 51, 102);"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">15</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Inventories</span><span style="font-size: 10pt; font-weight: bold;">, net</span></span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;">&#160;</span></span></p><table cellpadding="0" style="height: 165px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 12px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finished goods&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,592,706</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,113,011</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Goods in process </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">936,555</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">707,665</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Raw materials </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">606,977</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">358,552</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Supplies </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">542,636</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">485,815</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Goods in transit&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">530,721</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">253,324</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,209,595</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2,918,367</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowance for obsolescence, see note 24 (i) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (222,666</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (245,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,986,929</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2,672,593</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td></tr></tbody></table><span></span>
</td>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfInventoriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfInventoriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInventoriesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for inventories.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2022-03-24<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IAS02_g36-39__IAS02_g36-39_TI<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInventoriesExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615525472">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 16 - Receivables and Prepayments, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract', window );"><strong>Current prepayments and current accrued income [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory', window );">Note 16 - Receivables and Prepayments, Net</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">16</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Receivables and prepayments</span><span style="font-size: 10pt; font-weight: bold;">, net</span></span></p><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><table cellpadding="0" style="height: 203px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Year ended December 31, </span></p></td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="height: 16px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="white-space: nowrap; height: 16px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Prepaid expenses and other receivables&#160;</span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">47,419</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">38,080</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Government entities </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">18,121</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">2,363</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Employee advances and loans </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">10,701</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">5,974</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advances to suppliers and other advances </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">41,549</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">17,225</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Government tax refunds on exports </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">8,898</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">8,419</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from related parties </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">19,184</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">5,919</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">41,418</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">21,502</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">187,290</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">99,482</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowance for other doubtful accounts, see note 24 (i) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (3,479</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (3,206</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">183,811</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">96,276</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of prepayments and other assets. [Refer: Other assets; Prepayments]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611654080">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 17 - Current Tax Assets and Liabilities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract', window );"><strong>Disclosure of Current Tax Receivables and Payables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory', window );">Note 17 - Current Tax Assets and Liabilities</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; color: rgb(0, 51, 102);"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">17</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Current tax assets</span><span style="font-size: 10pt; font-weight: bold;"> and liabilities</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 97px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 12px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current tax assets&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">24,812</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">16,394</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> V.A.T. credits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">218,009</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">176,202</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other prepaid taxes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">425</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">243,136</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">193,021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="margin: 0px; text-indent: 0px;"><br/></p><table cellpadding="0" style="height: 98px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current tax liabilities </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">280,469</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">73,352</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> V.A.T. liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">17,228</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12,955</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other taxes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">78,543</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">57,179</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">376,240</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">143,486</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of tax receivables and payables.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578916304">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 18 - Trade Receivables, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherReceivablesAbstract', window );"><strong>Trade and other receivables [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory', window );">Note 18 - Trade Receivables, Net</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">18</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Trade receivables, net</span></span></p><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><table cellpadding="0" style="height: 119px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2022</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2021</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current accounts </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">2,479,035</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">1,313,934</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from related parties </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">60,400</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">32,258</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">2,539,435</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">1,346,192</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowance for doubtful accounts, see note 24 (i) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (45,495</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (47,120</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2,493,940</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,299,072</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">&#160;</span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;">The following table sets forth details </span><span style="font-size: 10pt;">of the aging</span><span style="font-size: 10pt;"> of trade receivables:&#160;</span></span></p><p style="line-height: 12pt; margin: 0pt;"><br/></p><div><div><div style="border-left: none; border-right: none;"><div style="border-right: none; border-left: none;"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 146px; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td colspan="2" rowspan="2" style="height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle"><p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"> Trade Receivables </span></p></td><td colspan="2" rowspan="2" style="border-image: initial; height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"><p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"> Not Due </span></p></td><td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; width: 24.0323%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Past due </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 51.9355%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;">1 - 180 days </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &gt; 180 days </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 51.9355%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Guaranteed </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">265,898</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">237,784</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">27,431</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">683</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Not guaranteed </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">2,273,537</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">1,756,707</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">465,423</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">51,407</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Guaranteed and not guaranteed </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2,539,435</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,994,491</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">492,854</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">52,090</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Expected loss rate </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.06</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.03</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.18</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.77</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowances for doubtful accounts </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (1,657</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (654</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (920</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (83</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Nominative allowances for doubtful accounts </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (43,838</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (1,541</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (42,297</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net Value </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2,493,940</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,993,837</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">490,393</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">9,710</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table></div></div></div><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><br/></p></div><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td colspan="2" rowspan="2" style="height: 20px; white-space: nowrap; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> Trade Receivables </span></p></td><td colspan="2" rowspan="2" style="border-image: initial; height: 20px; white-space: nowrap; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> Not Due </span></p></td><td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Past due </span></p></td></tr><tr style="height: 10px;"><td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1 - 180 days </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &gt; 180 days </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Guaranteed </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">195,848</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">185,238</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">9,894</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">716</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Not guaranteed </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">1,150,344</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">951,356</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">148,412</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">50,576</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Guaranteed and not guaranteed </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,346,192</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,136,594</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">158,306</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">51,292</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Expected loss rate </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.06</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.04</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.20</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.84</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowances for doubtful accounts </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (833</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (401</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (367</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (65</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Nominative allowances for doubtful accounts </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (46,287</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="vertical-align: bottom; height: 17px; margin: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (1,391</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (44,896</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net Value </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,299,072</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,136,193</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">156,548</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">6,331</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt;">&#160;</span></p><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Trade receivables are mainly denominated in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">U.S. dollars.&#160;</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of trade and other receivables. [Refer: Trade and other receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615292816">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 19 - Cash and Cash Equivalents and Other Investments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsAbstract', window );"><strong>Disclosure of Cash and Cash Equivalents and Other Investments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock', window );">Note 19 - Cash and Cash Equivalents and Other Investments</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; line-height: inherit; color: rgb(0, 51, 102);"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">19</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;">Cash and cash equivalents</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"> and </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">o</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">ther investments</span></span></p><p style="margin: 0pt; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 272px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash at banks </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">149,424</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">167,455</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liquidity funds </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">422,859</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">105,697</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Short-term investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">519,244</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">44,975</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,091,527</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">318,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other investments - current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">196,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">239,742</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">211,953</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fund investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,343</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">438,448</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">397,849</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other investments - non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">119,902</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">320,254</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of cash and cash equivalents and other investments.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611173296">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 20 - Borrowings<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="text"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 30px;">Borrowings</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">46,433</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">111,452</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Costs of issue of debt </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (20</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">46,433</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">111,432</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">682,255</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">219,566</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank overdrafts </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">94</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">60</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Costs of issue of debt </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (20) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (125</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The maturity of borrowings is as follows:</span></p><p style="margin: 0pt;"><br/></p><div id="t_ft_A1JT4FYE1C00000000000000000000b"><table cellpadding="0" style="height: 112px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><br/></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1 year or less </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 1 - 2 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 2 &#8211; 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Over 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="background-color: #cceeff; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At December 31, 2022</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">41,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,000</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,500</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">41,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,000</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,500</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Interest to be accrued <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">26,153</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">821</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">64</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">27,046</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">708,482</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">42,754</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,064</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,508</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">755,808</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 9pt; line-height: inherit;"><sup>(*)&#160;</sup><span>Includes the effect of hedge accounting.</span></span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div/><div id="t_ft_3LOADGE2CW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><br/></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1 year or less </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 1 - 2 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 2 &#8211; 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Over 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">107,438</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,994</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">107,438</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,994</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Interest to be accrued <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,465</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">560</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,038</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">221,966</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">107,998</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,007</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">333,971</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-size: 9pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><sup>(*)</sup>&#160;</span><span style="font-family: 'times new roman', times; line-height: inherit;"><span><span style="line-height: inherit;">&#160;Includes the effect of hedge accounting</span><span style="line-height: inherit;">.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Significant borrowings include:</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In millions of U.S. dollars </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.5642%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.24275%;"><br/></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 51.1185%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Disbursement date </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 17.5642%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Borrower </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Type </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Final maturity </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Outstanding </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 1.24275%;"><br/></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tamsa </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%; background-color: #cceeff;"><br/></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Maverick </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"><br/></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: top; width: 51.1185%;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tubos del Caribe </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">90</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"><br/></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2020</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tamsa </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">80</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"><br/></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Siderca </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">55</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">As of December 31, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-right: none; border-left: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-right: none; border-left: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, Tenaris wa</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">s in compliance with all of its </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">covenants. </span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">The weighted average interest rates before tax shown below were calculated using the rates set for each instrument in its corresponding currency as of December 31, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">20</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">2</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">2</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> and 20</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">2</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">1</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">considering hedge accounting</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> where applicable</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9.45% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2.09% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Breakdown of long-term borrowings by currency and rate is as follows:</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Non-current borrowings</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="height: 105px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Currency </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Interest rates </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 62%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 15%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">20,000</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">99,587</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11,845</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,500</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total non-current borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">46,433</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">111,432</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">&#160;</span></p><div/><div><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Breakdown of short-term borrowings by currency and rate is as follows:</span><br/></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span><br/></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Current</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> borrowings</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="height: 187px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Currency </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Interest rates </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">200,350</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">17,015</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">206,336</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,273</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">26,829</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,706</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MXN </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">141,802</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">141,861</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> ARS </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">74,025</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,947</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">26,022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29,964</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">22,677</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total current borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Borrowing</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">s</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> evolution</span></span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><div id="t_ft_6Y4VEVFR7400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 163px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Non current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">111,432</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (18</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (28,705</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Proceeds and repayments, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49,948</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">371,500</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interests accrued less payments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">158</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (115,087</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">115,087</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">138</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Overdrafts variation </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">34</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">46,433</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of borrowings. [Refer: Borrowings]</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 21 - Deferred tax assets and liabilities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDeferredTaxesExplanatory', window );">Note 21 - Deferred tax assets and liabilities</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">21</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Deferred </span><span style="font-size: 10pt; font-weight: bold;">tax</span><span style="font-size: 10pt; font-weight: bold;"> assets and liabilities</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Deferred income taxes are calculated in full on temporary differences under the liability method using the tax rate of each country.</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The </span><span style="font-size: 10pt; line-height: inherit;">evolution of</span><span style="font-size: 10pt; line-height: inherit;"> deferred tax assets and liabilities</span><span style="font-size: 10pt; line-height: inherit;">during the year </span><span style="font-size: 10pt; line-height: inherit;">is</span><span style="font-size: 10pt; line-height: inherit;"> as follows:</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Deferred tax liabilities</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 105px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fixed assets </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Intangible assets and other </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">669,830</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">27,508</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">104,346</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">801,684</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (64</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">15</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">600</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">551</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,719</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,719</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement (credit) / charge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (94,099</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">16,009</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,877</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (70,213</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">575,667</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">43,532</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">114,542</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">733,741</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; text-indent: 0px; width: 100%; height: 131px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fixed assets </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Intangible assets and other </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 52.907%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">702,415</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.45349%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">15,255</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">125,793</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">843,463</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (461</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,059</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,520</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Decrease due to sale of subsidiaries <span style="font-size: 9pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (637</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (637</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,061</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,061</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement (credit) / charge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (31,487</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12,253</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (23,449</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (42,683</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">669,830</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">27,508</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">104,346</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">801,684</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Deferred tax assets</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; width: 100%; text-indent: 0px; height: 121px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Provisions and allowances </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Tax losses </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Other </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (25,083</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (85,037</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (485,763</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (176,627</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (772,510</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (345</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">114</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">747</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (245) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">271</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">954</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">954</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement charge / (credit) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (389</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (95,229</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">174,427</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18,934</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">97,743</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (25,817</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (180,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (310,589</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (156,984</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (673,542</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 129px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Provisions and allowances </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Tax losses </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Other </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (21,208</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (85,937</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (480,149</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (206,958</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (794,252</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">506</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">606</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">80</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,195</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,387</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Decrease due to sale of subsidiaries <span style="font-size: 9pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">93</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">104</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,587</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,587</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement charge / (credit) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,381</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">201</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,694) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">26,538</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">16,664</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (25,083</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (85,037</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (485,763</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (176,627</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (772,510</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sup>(*)</sup><span>Related to Geneva sale. See note <span style="border-left: none; border-right: none;">6</span> to these Consolidated Financial Statements.</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div><div id="t_ft_1ZXSFU2F4000000000000000000000b"/></div><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Deferred tax assets related to taxable losses of Tenaris subsidiaries are recognized to the extent it is considered probable that future taxable profits will be available</span><span style="font-size: 10pt; line-height: inherit;">,</span><span style="font-size: 10pt; line-height: inherit;"> against which such losses can be utilized in the foreseeable future. This amount includes $</span><span style="font-size: 10pt; line-height: inherit;">300</span><span style="font-size: 10pt; line-height: inherit;"> million related to U</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">S</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;"> subsidiaries mainly due to the recognition of accelera</span><span style="font-size: 10pt; line-height: inherit;">ted fiscal depreciations, as well as the amounts </span><span style="font-size: 10pt; line-height: inherit;">related to the acquisition of IPSCO</span><span style="font-size: 10pt; line-height: inherit;"> in 2020</span><span style="font-size: 10pt; line-height: inherit;">.</span><span style="font-size: 10pt; line-height: inherit;">The remaining balance mainly corresponds to Tenaris&#8217;s </span><span style="font-size: 10pt; line-height: inherit;">Saudi Arabian</span><span style="font-size: 10pt; line-height: inherit;"> subsidiar</span><span style="font-size: 10pt; line-height: inherit;">ies. These subsidiaries</span><span style="font-size: 10pt; line-height: inherit;"> have </span><span style="font-size: 10pt; line-height: inherit;">incurred in fiscal losses in the past</span><span style="font-size: 10pt; line-height: inherit;">one or </span><span style="font-size: 10pt; line-height: inherit;">two years</span><span style="font-size: 10pt; line-height: inherit;">. </span><span style="font-size: 10pt; line-height: inherit;">Tenaris has concluded that these deferred tax assets will be recoverable based on t</span><span style="font-size: 10pt; line-height: inherit;">he business plans and budgets.</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Approximately 100% of the recognized tax losses have an expiration date in more than 5 years or do not expire.</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">As of December 31, 20</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">2</span><span style="font-size: 10pt; line-height: inherit;">, the net unrecognized deferred tax assets amount</span><span style="font-size: 10pt; line-height: inherit;">ed</span><span style="font-size: 10pt; line-height: inherit;"> to $</span>120.4<span style="font-size: 10pt; line-height: inherit;"> million. </span><span style="font-size: 10pt; line-height: inherit;">U</span><span style="font-size: 10pt; line-height: inherit;">nrecognized tax </span><span style="font-size: 10pt; line-height: inherit;">credits</span><span style="font-size: 10pt; line-height: inherit;">with expiration dates in </span><span style="font-size: 10pt; line-height: inherit;">less than 1 year, between 2 and 5 years and more than 5 years </span><span style="font-size: 10pt; line-height: inherit;">or without expiration date </span><span style="font-size: 10pt; line-height: inherit;">are</span><span style="font-size: 10pt; line-height: inherit;"> approximately </span><span style="font-size: 10pt; line-height: inherit;">8</span><span style="font-size: 10pt; line-height: inherit;">%, </span><span style="font-size: 10pt; line-height: inherit;">4</span><span style="font-size: 10pt; line-height: inherit;">% and </span><span style="font-size: 10pt; line-height: inherit;">88</span><span style="font-size: 10pt; line-height: inherit;">% respectively.</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The estimated recovery analysis of deferred tax assets and settlement of deferred tax liabilities, which takes into consideration </span><span style="font-size: 10pt; line-height: inherit;">m</span><span style="font-size: 10pt; line-height: inherit;">anagement assumptions and estimates, is as follows:</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 71px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax assets to be recovered after 12 months </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (171,717</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (611,552</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax liabilities to be settled after 12 months </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">688,124</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">782,128</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr></tbody></table><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Deferred income tax assets and liabilities are offset when (1) there is a legally enforceable right to set</span><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit;">off current tax assets against current tax liabilities and (2)</span><span style="font-size: 10pt; line-height: inherit;"> when</span><span style="font-size: 10pt; line-height: inherit;"> the deferred income taxes relate to the same fiscal authority</span><span style="font-size: 10pt; line-height: inherit;"> on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis</span><span style="font-size: 10pt; line-height: inherit;">. The following amounts, determined after appropriate set</span><span style="font-size: 10pt; line-height: inherit;">-</span><span style="font-size: 10pt; line-height: inherit;">off, are shown in the </span><span style="font-size: 10pt; line-height: inherit;">C</span><span style="font-size: 10pt; line-height: inherit;">onsolidated </span><span style="font-size: 10pt; line-height: inherit;">S</span><span style="font-size: 10pt; line-height: inherit;">tatement of </span><span style="font-size: 10pt; line-height: inherit;">F</span><span style="font-size: 10pt; line-height: inherit;">inancial </span><span style="font-size: 10pt; line-height: inherit;">P</span><span style="font-size: 10pt; line-height: inherit;">osition</span><span style="font-size: 10pt; line-height: inherit;">:</span></span></p><div style="border-left: none; border-right: none;"><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 88px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (208,870</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (245,547</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">269,069</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">274,721</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">60,199</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">29,174</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The movement i</span><span style="font-size: 10pt; line-height: inherit;">n the net deferred income tax liability account is as follows:</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 136px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29,174</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49,211</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">822</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (133</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Decrease due to sale of subsidiaries </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (533</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,673</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,648</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement charge / (credit) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">27,530</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (26,019</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">60,199</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">29,174</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/></tr></tbody></table></div></div><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611285184">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 22 - Other Liabilities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfOtherLiabilitiesAbstract', window );"><strong>Disclosure of Other Liabilities [Abstract]</strong></a></td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOtherLiabilitiesExplanatory', window );">Note 22 - Other Liabilities</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">22</span></span><span style="font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 30px;">Other liabilities</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(i)</span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Other liabilities &#8211; Non current</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="height: 102px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Post-employment benefits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">108,936</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">111,904</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other long-term benefits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">71,446</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">71,345</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Miscellaneous </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49,760</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48,432</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">230,142</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">231,681</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><div><br/></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">Post-employment benefits</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Unfunded </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">103,822</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">103,841</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Funded </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,114</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,063</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">108,936</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">111,904</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 14.08pt; padding-left: 8.42pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Unfunded</span></li></ul><p style="margin: 0pt; line-height: 1.2;"><br/></p><div style="border-left: none; border-right: none;"><div id="t_ft_AP5R992TOG00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 197px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">103,841</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">115,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current service cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,810</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,728</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,610</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,997</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Curtailments and settlements </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (64</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (422</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Remeasurements&#160;<span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span style="border-left: none; border-right: none;">4,228</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="border-left: none; border-right: none;">3,174</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,657</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,716</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Benefits paid from the plan </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,111</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (13,539</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassified to current liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (461</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (8,884</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,082</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (271) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">103,822</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">103,841</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><sup>(*)</sup><span>For 2022 a gain of $0.1 million is attributable to demographic assumptions and a gain of $4.1 million to financial assumptions.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">For <span style="border-left: none; border-right: none;">2021</span> a loss of $<span style="border-left: none; border-right: none;">0.7</span> million is attributable to demographic assumptions and a loss of $<span style="border-left: none; border-right: none;">2.5</span> million to financial assumptions</span></span><span style="line-height: inherit;">.</span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The actuarial assumptions</span><span style="font-size: 10pt; line-height: inherit;"> for the most relevant plans</span><span style="font-size: 10pt; line-height: inherit;"> were as follows:</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="height: 65px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 14px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 14px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Discount rate </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4% - 7% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1% - 7% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Rate of compensation increase </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">As o</span><span style="font-size: 10pt; line-height: inherit;">f December 31, 20</span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-size: 10pt; line-height: inherit;">, an increase / (decrease) of 1% in the discount rate assumption </span><span style="font-size: 10pt; line-height: inherit;">of the main plans </span><span style="font-size: 10pt; line-height: inherit;">would have generated a (decrease) / increase on the </span><span style="font-size: 10pt; line-height: inherit;">defined benefit obligation </span><span style="font-size: 10pt; line-height: inherit;">of $</span><span style="font-size: 10pt; line-height: inherit;">5.2</span><span style="font-size: 10pt; line-height: inherit;">&#160;million and </span><span style="font-size: 10pt; line-height: inherit;">$</span><span style="font-size: 10pt; line-height: inherit;">5.9</span><span style="font-size: 10pt; line-height: inherit;">&#160;million respectively, and an increase / (decrease) of 1% in the rate of compensation assumption </span><span style="font-size: 10pt; line-height: inherit;">of the main plans </span><span style="font-size: 10pt; line-height: inherit;">would have generated an increase / (decrease) impact on the </span><span style="font-size: 10pt; line-height: inherit;">defined benefit obligation of </span><span style="font-size: 10pt; line-height: inherit;">$</span><span style="font-size: 10pt; line-height: inherit;">3.2</span><span style="font-size: 10pt; line-height: inherit;"> million and </span><span style="font-size: 10pt; line-height: inherit;">$</span><span style="font-size: 10pt; line-height: inherit;">2.9</span><span style="font-size: 10pt; line-height: inherit;">million respectivel</span><span style="font-size: 10pt; line-height: inherit;">y. The above sensitivity analyse</span><span style="font-size: 10pt; line-height: inherit;">s </span><span style="font-size: 10pt; line-height: inherit;">are</span><span style="font-size: 10pt; line-height: inherit;"> based on a change in discount rate and rate of compensation while holding all other assumptions</span><span style="font-size: 10pt; line-height: inherit;"> constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated</span><span style="font-size: 10pt; line-height: inherit;">.</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; list-style-type: square; padding-left: 0pt;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 14.08pt; padding-left: 8.42pt; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">Funded</span></li></ul><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: normal; line-height: inherit;">The amounts recognized in the statement of financial position</span><span style="font-size: 10pt; font-style: normal; line-height: inherit;"> for the current annual period and</span><span style="font-size: 10pt; font-style: normal; line-height: inherit;"> the</span><span style="font-size: 10pt; font-style: normal; line-height: inherit;"> previous </span><span style="font-size: 10pt; font-style: normal; line-height: inherit;">annual period</span><span style="font-size: 10pt; font-style: normal; line-height: inherit;">are as follows:</span></span></p><p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><div id="t_ft_E14DQZZ3R400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 88px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Present value of funded obligations </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">116,617</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">159,528</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fair value of plan assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (126,842</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (160,504</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 20px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Asset <span style="font-size: 8pt;"><sup>(*)</sup></span></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<span style="border-left: none; border-right: none;">10,225</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<span style="border-left: none; border-right: none;">976</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="border-right: none; border-left: none;"><span style="font-style: normal; line-height: inherit;"><sup>(*)</sup><span><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;">In <span style="border-left: none; border-right: none;">2022</span> and <span style="border-left: none; border-right: none;">2021</span>, $14.6 million and $9 million corresponding to plans with surplus balances that were reclassified within other non-current assets, respectively.</span></span></span></span></span></span></span></span></p><div><p style="margin:0pt"><br/></p></div><p style="line-height: 1.2; margin: 0pt;"><br/></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The movement in the present value of funded obligations is as follows:</span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><div style="border-left: none; border-right: none;"><div id="t_ft_8WCJ043U8000000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 155px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">159,528</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">176,309</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (6,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">356</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current service cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">154</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">222</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,293</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,190</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 19px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Remeasurements&#160;<sup>(*)</sup></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (30,349</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7,019</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Benefits paid </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (10,374</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (14,530</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">116,617</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">159,528</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;"><sup>(*)</sup><span><span style="border-right: none; border-left: none;">For <span style="border-left: none; border-right: none;">2022</span> a gain of $4.8 million is attributable to demographic assumptions and a gain of $25.6 million to financial assumptions.</span></span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span><span style="border-right: none; border-left: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">For <span style="border-left: none; border-right: none;">2021</span> a gain of $<span style="border-left: none; border-right: none;">0.4</span> million is attributable to demographic assumptions and a gain of $<span style="border-left: none; border-right: none;">6.6</span> million to financial assumptions.</span></span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The movement in the fair value of plan assets is as follows:&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><div style="border-left: none; border-right: none;"><div id="t_ft_FBNFXLLVDS00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (160,504</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (157,335</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,639</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (250</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Return on plan assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,319</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,793</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Remeasurements </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">20,987</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (10,817</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Contributions paid to the plan </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (435</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,338</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Benefits paid from the plan </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10,374</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">14,530</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">416</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">499</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (126,842</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (160,504</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The major categories of plan assets as a percentage of total plan assets are as follows:</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><div id="t_ft_ZXNQQ8KXK000000000000000000000b"><table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">28.8% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49.2% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Debt instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">67.2% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">46.7% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4.0% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4.1% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"/></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt;"><br/></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The actuarial assumptions for the most relevant plans were as follows:</span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 68px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; 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border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="background-color: #cceeff; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Discount rate </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right; width: 10%; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3% - 5% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Rate of compensation increase </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The expected return on plan assets is determined by considering the expected returns available on the assets underlying the current investment policy. Expected return on plan assets is determined based on long-term, prospective rates of return as of the end of the reporting period.&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">As of December 31, 2022, an increase / (decrease) of 1% in the discount rate assumption of the main plans would have generated a (decrease) / increase on the defined benefit obligation of $10.3 million and $11.9 million respectively, and an increase / (decrease) of 1% in the compensation rate assumption of the main plans would have generated an increase / (decrease) on the defined benefit obligation of $0.7 million and $0.7 million respectively. The above sensitivity analyses are based on a change in discount rate and rate of compensation while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">There are no expected employer contributions for the year 2023.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The methods and types of assumptions used in preparing the sensitivity analyses did not change compared to the previous period.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div><br/></div><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(ii)</span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">Other liabilities </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">&#8211;</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">C</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">urrent</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payroll and social security payable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">224,630</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">174,794</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Miscellaneous </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">35,984</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">28,931</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">260,614</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">203,725</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of other liabilities. [Refer: Other liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578922656">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 23 - Non-current allowances and provisions<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfNonCurrentAllowancesAndProvisionsAbstract', window );"><strong>Disclosure of Non-current allowances and provisions [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock', window );">Note 23 - Non-current allowances and provisions</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="font-family: &quot;times new roman&quot;, times; line-height: inherit; color: rgb(0, 51, 102);"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">23</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;">Non-current allowances and provisions</span></span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Liabilities</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">83,556</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">73,218</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">357</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,476</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Additional allowance </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11,102</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13,896</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,229</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,014</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used and other movements </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">882</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,096</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Values at the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">98,126</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">83,556</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615371216">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 24 - Current allowances and provisions<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCurrentAllowancesAndProvisionsAbstract', window );"><strong>Disclosure of Current allowances and provisions [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCurrentAllowancesAndProvisionsTextBlock', window );">Note 24 - Current allowances and provisions</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 38.75pt; text-indent: -38.75pt;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">24</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px;">Current </span><span style="font-size: 10pt; font-weight: bold;">allowances and </span><span style="font-size: 10pt; font-weight: bold;">provisions</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">(i)</span><span style="font-size: 10pt; font-style: italic; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; font-weight: bold;">Deducted from assets</span></span></p><div style="border-right: none; border-left: none;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for doubtful accounts - Trade receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for other doubtful accounts - Other receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for inventory obsolescence </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (47,120</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,206</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (245,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (12</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">68</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (405</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (Additional) / reversal allowances </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">223</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (346</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (24,901</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,414</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48,414</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (45,495</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (3,479</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (222,666</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 138px;" width="100%"><tbody><tr style="height: 34px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for doubtful accounts - Trade receivables </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for other doubtful accounts - Other receivables </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for inventory obsolescence </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (53,676</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,917</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (263,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">111</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">227</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,877</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Decrease due to sale of subsidiaries <span style="vertical-align: super; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">405</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (Additional) / reversal allowances </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,297</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">379</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (23,296</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,146</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">95</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">38,875</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (47,120</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (3,206</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (245,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(*) </span><span><span style="line-height: inherit;"><span style="line-height: inherit;">&#160;Rel</span><span style="line-height: inherit;">ated to Geneva sale. See note <span style="border-left: none; border-right: none;">6</span> to these Consolidated Financial Statements.</span></span></span></span></p></div></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div/><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(ii)</span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Liabilities</span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 121px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 19px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Year ended December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Sales risks </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Other claims and contingencies&#160;<span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,468</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,854</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,322</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (160</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (97</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (257</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Additional provisions </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,189</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,504</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,229</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,229</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,437</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,718</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,155</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,186</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7,999</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11,185</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0pt; line-height: 1.2;"><br/></p><p style="margin: 0pt; line-height: 1.2;"><br/></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 132px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Sales risks </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Other claims and contingencies&#160;<span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,795</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10,484</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12,279</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (736</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (739</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Additional provisions </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,506</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,596</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11,102</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,014</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,014</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 13px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 13px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,830</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,476</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (9,306</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,468</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7,854</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">9,322</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(*) </span><span>&#160;<span style="line-height: inherit;">Other claims and contingencies mainly include lawsuits and other legal proceedings, including employee, tax and environmental-related claims.</span></span></span></p></div><span></span>
</td>
</tr>
</table>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615111968">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 25 - Derivative Financial Instruments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsAbstract', window );"><strong>Disclosure of detailed information about financial instruments [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory', window );">Note 25 - Derivative Financial Instruments</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">25</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; margin-left: 30px;">Derivative financial instruments</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Net fair values of derivative financial instruments</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-variant: small-caps;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The net fair values of derivative financial instruments</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, in accordance with </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">IFRS </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">13</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re:</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivatives hedging borrowings and investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,480</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,472</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other derivatives </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">24,325</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,843</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Contracts with positive fair values </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivatives hedging borrowings and investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (147) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other derivatives </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11,181</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Contracts with negative fair values </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">23,678</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (13</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table><div/><p style="margin: 0px; text-indent: 0px;"><span style="font-size: 10pt; text-align: justify;"><br/></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">Foreign e</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">xchange </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">and commodities </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">derivative</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> contracts</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> and hedge accounting</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">Te</span><span style="letter-spacing: -0.1pt; line-height: inherit;">naris applies hedge accounting </span><span style="letter-spacing: -0.1pt; line-height: inherit;">to certain cash flow hedges of highly probable forecast transactions. </span>The net fair values of exchange rate derivatives and those derivatives that were designated for hedge accounting as of December 31, 2022 and 2021 were as follows:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 255px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Purchase currency </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Sell currency </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Term </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.1894%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.6332%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Hedge Accounting Reserve </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MXN </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,571</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,444</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (67</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (93</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MXN </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (838</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,866</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7,670</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,786</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7,430</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">20,783</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,092</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">23,935</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,258</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> JPY </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (269</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">557</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> BRL </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,490</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,030</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> KWD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (129</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> CAD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">404</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (246</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> GBP </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (55</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> CNY </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (242</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (130</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> BRL </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">223</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (238</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">63</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (40</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">27,038</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">21,085</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,292</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 12pt; text-align: justify; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8349%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Purchase Commodity </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Term </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Hedge Accounting Reserve </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.963%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Houston Ship Channel Gas </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (814</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (33</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.48148%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (814</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (33</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> LME Scrap </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,148</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 42.963%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Iron Ore </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,274</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Electric Energy </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (519</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (519</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TTF Gas </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,068</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,207</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (3,360</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (33</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (7,963</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (33</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">F</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">ollowing is a summary</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> of the hedge reserve evolution:</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-style: normal; line-height: inherit;">(all amounts in thousands of U.S. dollars)</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="height: 68px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity Reserve </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dec-2020</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Movements 2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity Reserve </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dec-2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Movements 2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity Reserve </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dec-2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Foreign Exchange &amp; Commodities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,771</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,030</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,259</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11,863</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13,122</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total Cash flow Hedge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (4,771</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">6,030</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,259</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11,863</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">13,122</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">Tenaris estimates that t</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">he cash flow he</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">dge reserve </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">corresponding to derivatives instruments </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">at </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">December 31, 20</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">2</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">2</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> will be recycled to the Consolida</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">ted Income </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">Statement </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">during 202</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">3</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">.</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> For informa</span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">tion on </span><span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">hedge accounting reserve,</span><span style="font-size: 10pt; 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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of derivative financial instruments. [Refer: Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665759067360">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 26 - Contingencies, Commitments and Restrictions On the Distribution of Profits<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory', window );">Note 26 - Contingencies, Commitments and Restrictions On the Distribution of Profits</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">26</span></span><span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;">Contingencies,</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"> commitments and restrictions </span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">o</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;">n</span><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"> the distribution of profits</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(i)</span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Contingencies</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tenaris is from time to time subject to various claims, lawsuits and other legal proceedings, including customer, employee, tax and environmental-related claims, in which third parties are seeking payment for alleged damages, reimbursement for losses, or indemnity. Management with the assistance of legal counsel periodically reviews the status of each significant matter and assesses potential financial exposure. </span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Some of these claims, lawsuits and other legal proceedings involve highly complex issues, and often these issues are subject to substantial uncertainties and, therefore, the probability of loss and an estimation of damages are difficult to ascertain. Accordingly, with respect to a large portion of such claims, lawsuits and other legal proceedings, the Company is unable to make a reliable estimate of the expected financial effect that will result from ultimate resolution of the proceeding. In those cases, the Company has not accrued a provision for the potential outcome of these cases.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">If a potential loss from a claim, lawsuit or other proceeding is considered probable and the amount can be reasonably estimated, a provision is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements and take into consideration litigation and settlement strategies. In a limited number of ongoing cases, the Company was able to make a reliable estimate of the expected loss or range of probable loss and, depending on the likelihood of occurrence, in some of such cases has accrued a provision for such loss but believes that publication of this information on a case-by-case basis would seriously prejudice the Tenaris&#8217;s position in the ongoing legal proceedings or in any related settlement discussions. Accordingly, in these cases, the Company has disclosed information with respect to the nature of the contingency but has not disclosed its estimate of the range of potential loss.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The Company believes that the aggregate provisions recorded for potential losses in these Consolidated Financial Statements</span><span style="font-size: 10pt; line-height: inherit;">are adequate based upon currently available information. However, if management&#8217;s estimates prove incorrect, current reserves could be inadequate and the Company could incur a charge to earnings which could have a material adverse effect on its results of operations, financial condition, net worth and cash flows. </span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Below is a </span><span style="font-size: 10pt; line-height: inherit;">summary description of Tenaris&#8217;s material legal proceedings which are outstanding as of the date of these Consolidated Financial Statements. 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If so ordered, the offer would need to be made to 182,609,851 ordinary shares of Usiminas not belonging to Usiminas&#8217; control group, and Confab would have a 17.9% share in that offer.</span></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"/></div><p style="text-align: justify; line-height: 12pt; vertical-align: baseline; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times;">On September 23, 2013, the first instance court dismissed the CSN lawsuit, and on February 8, 2017, the court of appeals maintained the understanding of the first instance court. On August 18, 2017, CSN filed an appeal to the Superior Court of Justice seeking the review and reversal of the decision issued by the Court of Appeals. On March 5, 2018, the court of appeals ruled that CSN&#8217;s appeal did not meet the requirements for submission to the Superior Court of Justice and rejected the appeal. On May 8, 2018, CSN appealed against such ruling and on January 22, 2019, the court of appeals rejected it and ordered that the case be submitted to the Superior Court of Justice. On September 10, 2019, the Superior Court of Justice declared CSN&#8217;s appeal admissible. On March 7, 2023, the Superior Court of Justice, by majority vote, rejected CSN&#8217;s appeal. Plaintiffs may still appeal against the Superior Court of Justice&#8217;s decision. 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Confab believes that the Veracel accident was caused by the improper handling by Veracel&#8217;s personnel of the equipment supplied by Confab in violation of Confab&#8217;s instructions. The two lawsuits were consolidated and are considered by the 6th Civil Court of S&#227;o Caetano do Sul. 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Both parties filed motions for clarification against the court&#8217;s decision, which were partially granted. Although the contract between Confab and Veracel expressly provided that Confab would not be liable for damages arising from lost profits, the court award would appear to include BRL</span><span style="border-left: none; border-right: none;"><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">78.8</span></span></span><span style="font-size: 10pt; line-height: inherit;"> million (approximately $</span><span style="font-size: 10pt; line-height: inherit;">15.10</span><span style="font-size: 10pt; line-height: inherit;"> million) of damages arising therefrom. Confab has additional defense arguments in respect of a claim for lost profits. On December 18, 2018, Confab filed an appeal against the first instance court decision, and on April 30, 2019, Veracel filed its response to the appeal. In June 2022, the court resolved that it lacked jurisdiction to decide on the appeal</span><span style="font-size: 10pt; line-height: inherit;">, which was </span><span style="font-size: 10pt; line-height: inherit;">re-allocat</span><span style="font-size: 10pt; line-height: inherit;">ed</span><span style="font-size: 10pt; line-height: inherit;"> to another court. </span><span style="font-size: 10pt; line-height: inherit;">The parties are currently waiting for the trial of the appeal to be scheduled. </span><span style="font-size: 10pt; line-height: inherit;">At this stage the Company cannot predict the outcome of the claim or the amount or range of loss in case of an unfavorable outcome.</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"/></div><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 43.42pt; orphans: 0; text-align: justify; text-indent: -21.8pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;</span><span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Petrobras-related proceedings and claims</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The Company is aware that Brazilian, Italian and Swiss authorities investigated whether certain payments were made prior to 2014 from accounts of entities presumably associated with affiliates of the Company to accounts allegedly linked to individuals related to Petr&#243;leo Brasileiro S.A. (&#8220;Petrobras&#8221;) and whether any such payments were intended to benefit the Company&#8217;s Brazilian subsidiary Confab.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Upon learning of the investigation, the Audit Committee of the Company's Board of Directors engaged external counsel in connection with the Company&#8217;s review of these matters. In addition, the Company voluntarily notified the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) and the U.S. Department of Justice (&#8220;DOJ&#8221;) in October 2016. The Company conducted, with the assistance of external counsel, an internal investigation and found no evidence corroborating any involvement by the Company or its directors, officers or employees in respect of improper payments. An internal investigation commissioned by Petrobras also found no evidence that Confab obtained any unfair commercial benefit or advantage from Petrobras in return for payments, including improperly obtained contracts. On June 2, 2022, the Company resolved the investigation by the SEC, and the DOJ informed that it had closed its parallel inquiry without taking action. Under the settlement with the SEC, the Company neither admits nor denies the SEC&#8217;s findings and on June 24, 2022, paid $53.1 million in disgorgement and prejudgment interest and $25 million for a civil penalty to conclude the matter.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">In July 2019, the Company learned that the public prosecutors&#8217; office of Milan, Italy, had completed a preliminary investigation into the same alleged payments and had included in the investigation, among other persons, the Company&#8217;s Chairman and Chief Executive Officer, two other board members, Gianfelice Rocca and Roberto Bonatti, and the Company&#8217;s controlling shareholder, San Faustin. The Company is not a party to the proceedings. On March 22, 2022, upon completion of the evidentiary phase of the trial, the acting prosecutor requested the first-instance court in Milan in charge of the case to impose sanctions on the Company's Chairman and Chief Executive Officer, on the other two board members, and on San Faustin. The Company&#8217;s outside counsel in Italy advised the Company that neither the case file nor the prosecutor&#8217;s request contain or identify any evidence of involvement in, or knowledge of, the alleged wrongdoing by any of the three directors. On May 26, 2022, the first-instance court dismissed the case brought by the public prosecutor against the defendants for lack of jurisdiction and stated that the criminal proceeding should not have been initiated. 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On April 29, 2019, the court consolidated the complaints into a single case, captioned &#8220;In re Tenaris S.A. Securities Litigation&#8221;, and appointed lead plaintiffs and lead counsel. On July 19, 2019, the lead plaintiffs filed an amended complaint purportedly on behalf of purchasers of Tenaris securities during the putative class period of May 1, 2014, through December 5, 2018. The individual defendants named in the complaint are Tenaris&#8217;s Chairman and CEO and Tenaris&#8217;s former CFO. The complaint alleges that during the class period, the Company and the individual defendants inflated the Tenaris share price by failing to disclose that the nationalization proceeds received by Ternium (in which the Company held an 11.46% stake) when Sidor was expropriated by Venezuela were received or expedited as a result of allegedly improper payments made to Argentine officials. The complaint does not specify the damages that plaintiff is seeking. On October 9, 2020, the court granted in part and denied in part the defendants&#8217; motions to dismiss. The court partially granted and partially denied the motion to dismiss the claims against the Company and its Chairman and CEO. In addition, the court granted the motions to dismiss as to all claims against San Faustin, Techint, and Tenaris&#8217;s former CFO. On November 11, 2022, the parties filed a joint notice of settlement announcing a settlement in principle of all claims in the action, subject to finalizing the settlement agreements and court approval.</span><span style="line-height: inherit;">&#160;</span><span style="line-height: inherit;">The parties&#8217; agreement in principle provides that, in exchange for dismissal of the action and customary releases from class members and with no admission of liability by Tenaris or Mr. Rocca, Tenaris will pay to the class $9.5 million (inclusive of legal fees to lead plaintiff&#8217;s counsel).&#160;</span></span><span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-ansi-language: EN-GB; mso-no-proof: yes;">On March 10, 2023, the&#160;lead plaintiffs filed a motion for preliminary approval of the class settlement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt; orphans: 0; text-align: justify; text-indent: 14.2pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Administrative proceeding concerning Brazilian tax credits</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; letter-spacing: -0.1pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Confab is a party to an administrative proceeding concerning the recognition and transfer of tax credits for an amount allegedly exceeding the amount that Confab would have been entitled to recognize and / or transfer. The proceeding resulted in the imposition of a fine against Confab representing approximately 75% of the allegedly undue credits, which was appealed by Confab. On January 21, 2019, Confab was notified of an administrative decision denying Confab&#8217;s appeal, thereby upholding the tax determination and the fine against Confab. On January 28, 2019, Confab challenged such administrative decision and is currently awaiting a resolution. In case of an unfavorable resolution, Confab may appeal before the courts. The estimated amount of this claim is BRL</span><span style="font-size: 10pt; line-height: inherit;">59.2</span><span style="font-size: 10pt; line-height: inherit;"> million (approximately $</span><span style="font-size: 10pt; line-height: inherit;">11.3</span><span style="font-size: 10pt; line-height: inherit;"> million). At this stage, the Company cannot predict the outcome of this claim.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt; orphans: 0; text-align: justify; text-indent: 14.2pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">U.S. patent infringement litigation</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="text-align: justify; line-height: 12pt; vertical-align: baseline; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times;">Tenaris Coiled Tubes, LLC (&#8220;TCT&#8221;), a U.S. subsidiary of the Company, was sued in 2017 by its competitor Global Tubing, alleging defamatory conduct by TCT and seeking a declaration that certain Global Tubing products do not infringe patents held by TCT. TCT counterclaimed that certain Global Tubing products did infringe patents held by TCT, and Global Tubing has since sought to invalidate such patents. On December 13, 2019, Global Tubing filed an amended complaint (including the Company as defendant), alleging, among other things, that TCT and the Company had misled the patent office. On March 20, 2023, the judge granted summary judgment in favor of Global Tubing, concluding that the patents at issue are unenforceable due to inequitable conduct during the patent prosecution process. TCT and the Company are analyzing whether to appeal this judgment. Although it is not possible to predict the final outcome of this matter, the Company believes that any potential losses arising from this case will not be material.</span><span/></p><p style="line-height: 1.2; margin: 0pt;"><br/></p><div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"/></div><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 23.78pt; orphans: 0; padding-left: 11.67pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">U.S. Antidumping Duty and Countervailing Duty Investigations</span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">On October 27, 2021, the U.S. Department of Commerce (&#8220;DOC&#8221;) announced the initiation of antidumping duty investigations of oil country tubular goods (&#8220;OCTG&#8221;) from Argentina, Mexico, and Russia and countervailing duty investigations of OCTG from Russia and South Korea. The investigations were initiated on the basis of a petition by U.S. Steel Tubular Products, Inc., a small number of other U.S. domestic welded OCTG producers, and a steelworkers&#8217; union. On November 22, 2021, the International Trade Commission (&#8220;ITC&#8221;) made a preliminary determination of injury, allowing the investigations to proceed. Subsequently, the DOC issued affirmative preliminary and final antidumping determinations with respect to imports from Argentina, Mexico and Russia, and final affirmative countervailing duty determinations with respect to imports from Russia and from some Korean exporters. On October 27, 2022, the ITC determined that the imports under investigation caused injury to the U.S. OCTG industry, bringing the investigation phase to a conclusion. </span><span style="font-size: 10pt; line-height: inherit;">Tenaris and other parties have appealed the agency determinations from the investigation to the Court of International Trade. </span><span style="font-size: 10pt; line-height: inherit;">As a result of the investigation, and unless overturned on appeal, Tenaris is required to pay antidumping duty deposits (at a rate of 78.30% for imports from Argentina and 44.93% for imports from Mexico) until such time the imports are reviewed by the DOC to determine whether final duties are necessary for the specific period under review. Tenaris has been paying such deposits since May 11, 2022, reflecting the amount of such deposits in its costs. The deposit rates may be reset periodically based on the results of the review process. 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Monthly payments are determined on the basis of capacity charges, operation costs, back-up power charges, and transmission charges. As of the seventh contract year (as long as Techgen&#8217;s existing or replacing bank facility has been repaid in full), the Company&#8217;s subsidiary has the right to suspend or early terminate the contract if the rate payable under the agreement is higher than the rate charged by the </span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">Comisi&#243;n Federal de Electricidad</span><span style="font-size: 10pt; line-height: inherit;"> (&#8220;CFE&#8221;) or its successors. The Company&#8217;s subsidiary may instruct Techgen to sell to any affiliate, to CFE, or to any other third party all or any part of unused contracted energy under the agreement and the Company&#8217;s subsidiary will benefit from the proceeds of such sale.&#160;</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">A U.S. subsidiary of the Company is a party to a contract with Nucor Steel Memphis Inc. under which it is committed to purchase on a monthly basis a specified minimum volume of steel bars, at prices subject to quarterly adjustments. 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In February 2022, however, the Company and TMK agreed that there shall be no minimum yearly purchase requirement for the OCTG product category for the year ending December 31, 2022, and there shall be no minimum yearly purchase requirement for TMK line pipe products under the MDA neither for the contract year ending December 31, 2022, nor for any subsequent contract year unti</span><span style="font-size: 10pt; line-height: inherit;">l expiration of the MDA&#8217;s term.</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div><div style="border-left: none; border-right: none;"/></div><ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">A subsidiary of the Company entered into a contract with the supplier Voestalpine Grobblech GmbH from which it committed to purchase carbon steel for a </span><span style="font-size: 10pt; line-height: inherit;">remaining</span><span style="font-size: 10pt; line-height: inherit;"> amount of approximately $</span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">30.2</span></span><span style="font-size: 10pt; line-height: inherit;"> million to use for manufacturing pipes related to the NFXP-QatarGas project.</span></span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Certain subsidiaries of the Company entered into agreements with Vestas Group for the supply of materials and services related to the construction of a wind farm in Argentina. 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line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">A subsidiary of the Company entered into a contract with the supplier JFE Steel Corporation </span><span style="font-size: 10pt; line-height: inherit;">for the purchase </span><span style="font-size: 10pt; line-height: inherit;">tubular material, including 13 Chrome alloy products </span><span style="font-size: 10pt; line-height: inherit;">following the closure of NKK</span><span style="font-size: 10pt; line-height: inherit;">Tubes.</span><span style="font-size: 10pt; line-height: inherit;"> For more information see n</span><span style="font-size: 10pt; line-height: inherit;">ote </span><span style="font-size: 10pt; line-height: inherit;">35</span><span style="font-size: 10pt; line-height: inherit;">&#8220;</span><span style="font-size: 10pt; line-height: inherit;">Other Information </span><span style="font-size: 10pt; line-height: inherit;">&#8211;</span><span style="font-size: 10pt; font-style: italic; line-height: inherit;">A</span><span style="font-size: 10pt; 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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of commitments and contingent liabilities. [Refer: Contingent liabilities [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665580085008">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 27 - Cancellation of title deed in Saudi Steel Pipe Company<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCancellationOfTitleDeedInAffiliatesAbstract', window );"><strong>Disclosure of Cancellation of title Deed in Affiliates [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCancellationOfTitleDeedInAffiliatesTextBlock', window );">Note 27 - Cancellation of title deed in Saudi Steel Pipe Company</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 38.75pt; text-align: justify; text-indent: -38.75pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">27</span></span><span style="font-weight: bold; margin-left: 30px;">Cancellation of title deed in Saudi Steel Pipe Company</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In early 2021, the Company learned through the Saudi Ministry of Justice&#8217;s online portal that the electronic title deeds to certain land plots of its Saudi Arabian subsidiary SSPC had become inactive due to cancellation by court order.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The affected land plots, with a total surface of 811,284 square meters, are located in Dammam, Saudi Arabia, and were purchased from a private entity on February 2010, pursuant to a written purchase agreement duly executed by SSPC in full compliance with the laws of the Kingdom of Saudi Arabia. The purchase of the land occurred before Tenaris&#8217;s acquisition of a 47.79% interest in SSPC in 2019. The affected plots are not part of the production facility of SSPC, have been partially used as a warehouse, and have a carrying value on Tenaris&#8217;s financial statements of $56.2 million.&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">As of the date hereof, neither the cancellation nor the court order have been notified to SSPC or otherwise been made public by the authorities, and the legal basis for the court order is unknown. On May 4, 2021, SSPC filed a petition with an ad-hoc newly-created special committee at the Saudi Ministry of Justice, seeking to have its title deeds reinstated. The proceeding is still ongoing and, at this time, it is not possible to predict the outcome of this matter.</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure describing the cancellation of title deed in Affiliated entities.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611227728">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 28 -  Foreign exchange control measures in Argentina<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ForeignExchangeRatesAbstract', window );"><strong>Foreign exchange rates [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock', window );">Note 28 - Foreign exchange control measures in Argentina</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 38.75pt; orphans: 0; text-align: justify; text-indent: -38.75pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold; letter-spacing: -0.1pt;"><span style="border-left: none; border-right: none;">28</span></span><span style="font-weight: bold; letter-spacing: -0.1pt; margin-left: 30px;">Foreign e</span><span style="font-weight: bold; letter-spacing: -0.1pt;">xchan</span><span style="font-weight: bold; letter-spacing: -0.1pt;">ge c</span><span style="font-weight: bold; letter-spacing: -0.1pt;">ontrol </span><span style="font-weight: bold; letter-spacing: -0.1pt;">measures</span><span style="font-weight: bold; letter-spacing: -0.1pt;"> in Argentina</span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Beginning in September 2019, the Argentine government has imposed and continues to impose significant restrictions on foreign exchange transactions. Restrictions have tightened significantly over time. The main currently applicable measures are described below:</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Foreign currency proceeds derived from exports of goods must be sold into the Argentine foreign exchange market and converted into Argentine pesos within 60 days (if made to related parties) or 180 days (if made to unrelated parties) from shipment date, or, if collected earlier, within five days of collection. </span></li></ul><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Foreign currency proceeds from exports of services must be sold into the Argentine foreign exchange market and converted into Argentine pesos within five business days of collection.</span></li></ul><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Access to the Argentine foreign exchange market to pay for imports of services rendered by related parties (including royalties) is generally subject to Argentine Central Bank approval. Effective October 17, 2022, the Argentine Central Bank put in place a new regulation on import of services rendered by non-related parties, pursuant to which the Argentine Central Bank may clear or not the payment of import of services and, if cleared, may determine a payment term equal or different to that being requested. There are no rules on the conditions upon which the Argentine Central Bank may clear or determine alternative payment terms. Effective November 1, 2022, this new regulation replaced previous rules.</span></li></ul><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Access to the Argentine foreign exchange market to pay for imports of goods is subject to several restrictions. For example, advance payments or at sight cannot be made, and companies cannot access the official foreign exchange market if they hold cash or investments in excess of $100 thousand. Earlier this year, the Argentine government imposed additional limits to the amount of import payments that could be made by any single company per month or per year; companies that exceed such limits were required to obtain import financing of at least 180 days from the date of nationalization of the goods, except to the extent the goods qualify under a very limited number of exceptions, such as the import of capital goods and certain raw materials. Effective October 17, 2022, the Argentine government implemented a new system, known as the SIRA system, pursuant to which the Argentine government may clear or not the payment of imports and, if cleared, may determine a payment term equal or different to that being requested. There are no objective conditions upon which the Argentine government may clear the payment of imports or determine alternative payment terms under the SIRA system. The exceptions for the import of capital goods and certain raw materials, including many of those used by the Company&#8217;s Argentine subsidiaries, still exist under the SIRA system. </span></li></ul><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Negotiations with the Argentine authorities to raise the foregoing limits and/or expand the list of exceptions to obtain access to foreign currency to pay for import of goods (including raw materials to manufacture goods in Argentina) are ongoing. </span></li></ul><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Access to the Argentine foreign exchange market to pay debt service (principal and interest) for financial debts with related parties requires prior Argentine Central Bank approval, unless the loan proceeds are sold in the Argentine foreign exchange market and converted into Argentine pesos after October 2, 2020, and such debts carry an average life of no less than 2 years.</span></li></ul><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Debts with foreign creditors larger than $2 million maturing on or before December 31, 2023, need to be refinanced in at least 60% of outstanding principal and for a minimum period of 2 years.</span></li></ul><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Access to the Argentine foreign exchange market to make dividend payments requires prior Argentine Central Bank approval.</span></li></ul><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">When required, Argentine Central Bank approvals are rarely, if ever, granted.&#160;</span></p><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris&#8217;s financial position in Argentine peso as of December 31, 2022, amounted to a net short exposure of approximately $127 million. As of December 31, 2022, the total equity of Argentine subsidiaries represented approximately 10.6% of Tenaris&#8217;s total equity and the sales performed by Argentine subsidiaries during the year ended on December 31, 2022, amounted approximately to 20% of Tenaris&#8217;s total sales. Assets and liabilities denominated in Argentine peso as of December 31, 2022, have been valued at the prevailing official exchange rates.</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br/></p><div><div style="border-right: none; border-left: none;"/></div><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Management continues to monitor closely the evolution of the main variables affecting its business, identifying the potential impact thereof on its financial and economic situation and determining the appropriate course of action in each case. The Company&#8217;s Consolidated Financial Statements should be read taking into account these circumstances.</span></p><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">This context of volatility and uncertainty remains in place as of the issue date of these Consolidated Financial Statements. If restrictions to access the official foreign exchange market continue to be maintained, or are further tightened, our Argentine subsidiaries could be restricted from making payment of imports for key steelmaking inputs (which would adversely affect their operations), or would need to resort to alternative, more expensive arrangements (which would adversely affect their results of operations).</span></p><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On August 19, 2022, the Board of Directors of Siderca S.A.I.C., an Argentine subsidiary of the Company, approved the distribution of a dividend in kind of approximately ARS7,394 million paid in Argentine sovereign bonds, which in the Argentine market had a valuation of approximately $54.4 million. Considering that, as a result of the foreign exchange restrictions described above, the value of such bonds in the international market was approximately $24.6 million, the Company recorded a loss of approximately $29.8 million in <span style="font-style: italic;">Other Financial Results.</span></span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611246992">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 29 - Cash Flow Disclosures<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCashFlowAbstract', window );"><strong>Disclosure of Cash Flow [Abstract]</strong></a></td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfCashFlowStatementExplanatory', window );">Note 29 - Cash Flow Disclosures</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; color: rgb(0, 51, 102);"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">29</span></span><span style="font-weight: bold; margin-left: 30px;">Cash flow disclosures</span></span></p><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br/></p><div id="t_ft_IA54ID5RCG00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 325px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (i) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Changes in working capital </span><span style="font-weight: bold; vertical-align: super; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Inventories </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,329,865</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,085,024</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">818,913</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables and prepayments and current tax assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (155,449</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (79,912</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">67,610</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade receivables </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,208,278</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (356,069</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">414,826</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">57,389</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,892</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (36,000</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Customer advances </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">151,066</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">44,661</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (29,253</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade payables </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">353,892</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">399,988</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (180,807</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (2,131,245</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (1,071,464</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,055,289</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (ii) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income tax accruals less payments </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 6%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 61%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax accrued </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 10%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">617,236</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">189,448</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">23,150</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Taxes paid </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (359,585</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (153,846</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (140,364</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">257,651</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">35,602</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (117,214</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (iii) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Interest accruals less payments, net </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest accrued </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (34,080</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (14,371</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,627</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest received </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">68,335</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">24,567</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">19,613</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest paid </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (32,775</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (21,559</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (28,778</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,480</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (11,363</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (538</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 9pt;">&#160;</span></p><p style="line-height: 10pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="vertical-align: super;">(*) </span><span><span style="border-right: none; border-left: none;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar.</span></span></span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Section Presentation of a statement of cash flows<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IAS07_g10-17__IAS07_g10-17_TI<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615655168">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 30 - Related Party Transactions<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract', window );"><strong>Disclosure of transactions between related parties [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfRelatedPartyExplanatory', window );">Note 30 - Related Party Transactions</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">30</span></span><span style="font-weight: bold; margin-left: 30px;">Related party transactions</span></span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">As of December 31, 2022:</span></p><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br/></p><div id="t_ft_NZOC5X6TN400000000000000000000b"><table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 82px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 24px;"><td style="width: 3%; height: 24px; text-align: left; padding: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt;">&#9632;</span></td><td style="width: 97%; height: 24px;"><p><span style="font-family: 'times new roman', times; font-size: 10pt;">San&#160;Faustin&#160;owned&#160;713,605,187&#160;shares in the Company, representing&#160;60.45% of the Company&#8217;s capital and voting rights.</span></p></td></tr><tr style="height: 24px;"><td style="height: 24px; text-align: left; padding: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt;">&#9632;</span></td><td style="height: 24px;"><p><span style="font-family: 'times new roman', times; font-size: 10pt;"> San&#160;Faustin&#160;owned all of its shares in the Company through its wholly-owned subsidiary&#160;Techint&#160;Holdings S.&#224;r.l., a Luxembourg&#160;soci&#233;t&#233;&#160;&#224;&#160;responsabilit&#233;&#160;limit&#233;e&#160;(&#8220;Techint&#8221;), who is the holder of record of the above-mentioned&#160;Tenaris&#160;shares. </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: left; padding: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt;">&#9632;</span></td><td style="height: 17px;"><p><span style="font-family: 'times new roman', times; font-size: 10pt;"> Rocca &amp; Partners&#160;Stichting&#160;Administratiekantoor&#160;Aandelen&#160;San&#160;Faustin, a private foundation located in the Netherlands (Stichting) (&#8220;RP STAK&#8221;) held voting shares in San&#160;Faustin&#160;sufficient in number to control San&#160;Faustin. </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: left; padding: 0px; vertical-align: top;" valign="top"><span style="font-size: 8pt;">&#9632;</span></td><td style="height: 17px;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -27.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">No person or group of persons controls RP STAK.</span></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Based on the information most recently available to the Company, Tenaris&#8217;s directors and senior management as a group owned 0.07% of the Company&#8217;s outstanding shares.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><div><div id="t_ft_486O6RN0Y800000000000000000000b"/></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Transactions and balances disclosed as with &#8220;non-consolidated parties&#8221; are those with companies over which Tenaris exerts significant influence or joint control in accordance with IFRS, but does not have control. All other transactions and balances with related parties which are not non-consolidated parties and which are not consolidated are disclosed as &#8220;Other&#8221;. The following transactions were carried out with related parties:</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div id="t_ft_IWTPTYPKWW00000000000000000000b"><table cellpadding="0" style="height: 238px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (i) </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Transactions </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (a) Sales of goods and services </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of goods to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100,019</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">71,879</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">20,183</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of goods to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">151,884</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">76,467</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18,243</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of services to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,407</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,161</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,829</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of services to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">109,123</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49,268</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,049</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">366,433</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">201,775</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">49,304</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (b) Purchases of goods and services </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 6%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62.5%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of goods to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">656,877</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">294,929</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">84,485</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of goods to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">51,040</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">32,453</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12,892</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of services to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13,759</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,763</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,979</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of services to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">36,767</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13,806</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18,133</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">758,443</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">350,951</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">122,489</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div id="t_ft_T893XNVSR400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 22.2017%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (ii) </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Period-end balances </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (a) Arising from sales / purchases of goods / services </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">69,135</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">66,896</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">78,370</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">33,122</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payables to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (142,228</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (45,092</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payables to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (13,283</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,125</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (8,006</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">52,801</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (b) Financial debt </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance lease liabilities from non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,650</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,936</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance lease liabilities from other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (483</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (624</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (2,133</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (2,560</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In addition to the tables above, the Company issued various guarantees in favor of Techgen and GPC; for further details, please see note 13 (c and d) and note 26 (ii) to these Consolidated Financial Statements. No other material guarantees were issued in favor of other related parties.&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic; font-weight: bold;">Directors</span><span style="font-style: italic; font-weight: bold;"> and senior management compensation</span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">During the years ended December 31, 2022, 2021 and 2020, the cash compensation of Directors and Senior managers amounted to $35.2 million, $37.7 million and $27.4 million respectively. These amounts include cash benefits paid to certain senior managers in connection with the pre-existing retirement plans. In addition, Directors and Senior managers received 437, 382 and 522 thousand units for a total amount of $5.1 million, $3.9 million and $5 million respectively in connection with the Employee retention and long-term incentive program mentioned in note II.P.3 &#8220;Employee benefits &#8211; <span style="font-style: italic;">Other long</span><span style="font-style: italic;">-</span><span style="font-style: italic;">term benefits</span><span style="font-style: italic;">&#8221;</span> to these Consolidated Financial Statements.</span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575369168">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 31 - Principal accountant fees<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionalInformationAbstract', window );"><strong>Additional information [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfAdditionalInformationExplanatory', window );">Note 31 - Principal accountant fees</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">31</span></span><span style="font-weight: bold; margin-left: 30px;">Princ</span><span style="font-weight: bold;">ipal a</span><span style="font-weight: bold;">ccountant</span><span style="font-weight: bold;">&#160;</span><span style="font-weight: bold;">f</span><span style="font-weight: bold;">ees</span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Total fees accrued for professional services rendered by PwC Network firms to Tenaris S.A. and its subsidiaries are detailed as follows:</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><table cellpadding="0" style="height: 122px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; width: 64.8036%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 31.4955%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.8036%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Audit fees </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,966</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,804</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,781</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Audit-related fees </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">255</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">220</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">134</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax fees </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; width: 1.13293%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">102</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> All other fees </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,232</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,029</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,017</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of additional information that is not presented elsewhere in the financial statements, but that is relevant to an understanding of them.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611878416">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 32 - Principal Subsidiaries<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory', window );">Note 32 - Principal Subsidiaries</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">32</span></span><span style="font-weight: bold; margin-left: 30px;">Principal subsidiaries</span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The following is a list of Tenaris&#8217;s principal subsidiaries and its direct and indirect percentage of ownership of each controlled company at December 31, 2022.</span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div style="border-right: none; border-left: none;"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; background-color: #ffffff; width: 100%; height: 442px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 33.36%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Company </span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 12.5%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Country of Incorporation </span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 27.84%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Main activity </span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 26.32%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Percentage of ownership at December 31,&#160;<sup>(*)</sup></span></span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> ALGOMA TUBES INC. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Canada </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> CONFAB INDUSTRIAL S.A. and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Brazil </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded steel pipes and capital goods </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> DALMINE S.p.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Italy </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> HYDRIL COMPANY and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacture and marketing of premium connections </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> IPSCO TUBULARS INC. and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MAVERICK TUBE CORPORATION and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> P.T. SEAMLESS PIPE INDONESIA JAYA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Indonesia </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">89% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">89% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">89% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> S.C. SILCOTUB S.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Romania </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAUDI STEEL PIPE CO. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Saudi Arabia </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SIAT SOCIEDAD ANONIMA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Argentina </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (a) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Argentina </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TALTA - TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Portugal </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding Company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS BAY CITY, INC. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS CONNECTIONS BV </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Netherlands </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Development, management and licensing of intellectual property </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS FINANCIAL SERVICES S.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Uruguay </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES (CANADA) INC. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Canada </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Marketing of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Marketing of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES (UK) LTD </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> United Kingdom </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company and marketing of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES S.A. and subsidiaries (except detailed) (b) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Uruguay </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company, marketing and distribution of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS INVESTMENTS (NL) B.V. and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Netherlands </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS INVESTMENTS S.&#224;r.l. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Luxembourg </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS QINGDAO STEEL PIPES LTD. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> China </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Processing of premium joints, couplings and automotive components </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS TUBOCARIBE LTDA. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Colombia </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TUBOS DE ACERO DE MEXICO, S.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Mexico </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr></tbody></table></div></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 51px;"><tbody><tr style="height: 17px;"><td style="width: 3%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td><td style="width: 97%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span><span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">All percentages rounded.</span></span></td></tr><tr style="height: 17px;"><td style="vertical-align: top; width: 3%; height: 17px;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td><td style="vertical-align: top; width: 97%; height: 17px;" valign="top"><span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;holds 51% of&#160;</span>NKKTubes<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</span></span></td></tr><tr style="height: 17px;"><td style="vertical-align: top; width: 3%; height: 17px;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</span></td><td style="vertical-align: top; width: 97%; height: 17px;" valign="top"><span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;holds 98.4% of&#160;</span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Supply Chain S.A. and 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of&#160;</span>Amaja<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Tubular Services Limited and 60% of&#160;</span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;</span>Baogang<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;</span>Baotou<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Steel Pipes Ltd, and until 2021 held 49% of Tubular Services Angola&#160;Lda.</span></span></td></tr></tbody></table></div><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of interests in subsidiaries. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 2<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_2_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615655168">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 33 - Business Combinations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsAbstract', window );"><strong>Disclosure of detailed information about business combination [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsExplanatory', window );">Note 33 - Business Combinations</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; color: rgb(0, 51, 102);"><span style="font-weight: bold; letter-spacing: -0.1pt;"><span style="border-left: none; border-right: none;">33</span></span><span style="font-weight: bold; letter-spacing: -0.1pt; margin-left: 30px;">Business combinations</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; letter-spacing: -0.1pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">Acquisition of </span><span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">Parques E&#243;licos de la Buena Ventura S.A</span><span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In connection with the construction of a wind farm in Argentina, in April 2022, Tenaris acquired 100% of the shares of Parques E&#243;licos de la Buena Ventura S.A. for a price of $4.1 million, which was fully paid. The fair value of the acquired assets and liabilities amounted to $4.1 million, the same value of the consideration paid. Accordingly, no goodwill was recognized.</span></p><p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><br/><span style="font-family: 'times new roman', times; font-size: 10pt;">Had the acquisition occurred on January 1, 2022, Tenaris&#8217;s unaudited pro forma net sales and net income from continuing operations would not have changed materially.</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for business combinations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Section Disclosures<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IFRS03_g59-63__IFRS03_g59-63_TI<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578526320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 34 - Nationalization of Venezuelan Subsidiaries<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfNationalizationOfSubsidiariesAbstract', window );"><strong>Disclosure of Nationalization of Venezuelan subsidiaries [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfNationalizationOfSubsidiariesTextBlock', window );">Note 34 - Nationalization of Venezuelan Subsidiaries</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">34</span></span><span style="font-weight: bold; margin-left: 30px;">Nationalization of Venezuelan subsidiaries</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In May 2009, within the framework of Decree Law 6058, Venezuela&#8217;s President announced the nationalization of, among other companies, the Company's majority-owned subsidiaries TAVSA - Tubos de Acero de Venezuela S.A. (&#8220;Tavsa&#8221;) and, Matesi Materiales Sider&#250;rgicos S.A (&#8220;Matesi&#8221;), and Complejo Sider&#250;rgico de Guayana, C.A (&#8220;Comsigua&#8221;), in which the Company has a non-controlling interest (collectively, the &#8220;Venezuelan Companies&#8221;). Tenaris and its wholly-owned subsidiary, Talta - Trading e Marketing Sociedad Unipessoal Lda (&#8220;Talta&#8221;), initiated arbitration proceedings against Venezuela before the ICSID in Washington D.C. in connection with these nationalizations and obtained favorable awards, which are final and not subject to further appeals.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Matesi</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On January 29, 2016, the tribunal released its award on the arbitration proceeding concerning the nationalization of Matesi. The award upheld Tenaris&#8217;s and Talta&#8217;s claim that Venezuela had expropriated their investments in Matesi in violation of Venezuelan law as well as the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. The award granted compensation in the amount of $87.3 million for the breaches and ordered Venezuela to pay an additional amount of $85.5 million in pre-award interest, aggregating to a total award of $173 million (including $0.2 million of legal fees), payable in full and net of any applicable Venezuelan tax, duty or charge. The tribunal granted Venezuela a grace period of six months&#160;from the date of the award to make payment in full of the amount due without incurring post-award interest, and resolved that if no, or no full, payment is made by then, post-award interest will apply at the rate of 9% per annum compounded at <span style="-sec-ix-hidden:Tag3220">six</span>-monthly rests from the date of the award until payment in full. As of December 31, 2022, post-award interest calculated at the award rate amounted to approximately $144.7 million and, accordingly, the total amount owed by Venezuela under the award as of December 31, 2022 was $317.7 million.&#160;&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p><div/><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On June 8, 2018, Tenaris and Talta filed an action in federal court in the District of Columbia to recognize and enforce the award in the United States. On July 17, 2020, the Court entered judgment recognizing the Matesi award. The judgment orders Venezuela to pay to Tenaris and Talta an amount of $256.4 million, including principal and post-award interest through the judgment date, and provides for post-judgment interest to accrue on this sum at the U.S. federal statutory rate. As of December 31, 2022, post-judgement interest calculated at the U.S. judgment rate amounted to approximately $0.9 million and, accordingly, the total amount owed by Venezuela under the U.S. judgment as of December 31, 2022 was $257.3 million. The U.S. judgment, however, may not be enforced in the United States to the extent prohibited by the Venezuelan sanctions regulations issued by the U.S. Treasury Department&#8217;s Office of Foreign Assets Control currently in effect.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Tavsa and Comsigua</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On December 12, 2016, the tribunal issued its award upholding Tenaris&#8217;s and Talta&#8217;s claim that Venezuela had expropriated their investments in Tavsa and Comsigua in violation of the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. The award granted compensation in the amount of $137 million and ordered Venezuela to pay an additional amount of $76 million in pre-award interest and to reimburse Tenaris and Talta $3.3 million in legal fees and ICSID administrative costs. In addition, Venezuela was ordered to pay interest from April 30, 2008 until the day of effective payment at a rate equivalent to LIBOR + 4% per annum. As of December 31, 2022, post-award interest calculated at the award rate amounted to approximately $85.1 million and, accordingly, the total amount owed by Venezuela under the award as of December 31, 2022 was $301.4 million. </span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On June 8, 2018, Tenaris and Talta filed an action in federal court in the District of Columbia to recognize and enforce the award in the United States. On August 24, 2021, the court entered judgment in favor of Tenaris and Talta and against Venezuela in the amount of $276.9 million, with post-judgment interest accruing from the date of judgment at the federal statutory post-judgment interest rate. On November 5, 2021, the court, in response to a motion by Tenaris and Talta, amended the judgment amount to $280.7 million, with post-judgment interest continuing to accrue from August 24, 2021 at the federal statutory post-judgment interest rate. As of December 31, 2022, post-judgement interest calculated at the U.S. judgment rate amounted to approximately $0.2 million and, accordingly, the total amount owed by Venezuela under the U.S. judgment as of December 31, 2022 was $280.9 million. The U.S. judgment, however, may not be enforced in the United States to the extent prohibited by the Venezuelan sanctions regulations issued by the U.S. Treasury Department&#8217;s Office of Foreign Assets Control currently in effect.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;"><span style="font-size: 10pt; font-style: italic; font-weight: bold;">Transfer of the Awards and Judgements</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On January 25, 2023, Tenaris and Talta entered into an awards purchase agreement with an unaffiliated purchaser pursuant to which Tenaris and Talta agreed to sell all of their rights, title and interests in the above-referenced claims, awards and judgements, including all post-award or post-judgement interest accruing on the awards and judgements, for a purchase price of $81 million, plus a non-refundable signing payment of $1 million as reimbursement of expenses. The transfer of the awards and judgements is subject to the Office of Foreign Assets Control (&#8220;OFAC&#8221;) approval, and according to the agreement must be obtained by February 25, 2024. The uncertainty associated with the OFAC approval is factored into the fair value determination of the related receivable. See note III.B.</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the nationalization of subsidiaries.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611688944">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 35 - Other relevant information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfOtherRelevantInformationAbstract', window );"><strong>Disclosure of other relevant information [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfOtherRelevantInformationTextBlock', window );">Note 35 - Other relevant information</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">35</span></span><span style="font-weight: bold; margin-left: 30px;">Other relevant information</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-style: italic; font-weight: bold;">A</span><span style="font-style: italic; font-weight: bold;">greement to terminate NKKTubes joint venture</span></span></p><p style="line-height: 12pt; margin: 0pt;"><br/></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris&#8217;s seamless pipe manufacturing facility in Japan, located in the Keihin steel complex owned by JFE Holdings Inc. (&#8220;JFE&#8221;), is operated by NKKTubes, a company owned 51% by Tenaris and 49% by JFE. Steel bars and other essential inputs and services for NKKTubes are supplied under a long-term agreement by JFE. </span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On March 27, 2020, JFE informed Tenaris of its decision to permanently cease as from JFE&#8217;s fiscal year ending March 2024 the operations of its steel manufacturing facilities located at the Keihin complex. In light of that development, Tenaris and JFE engaged in discussions and ultimately determined that the project was no longer economically sustainable. Accordingly, on November 2, 2021, Tenaris and JFE agreed to terminate amicably their joint venture and liquidate NKKTubes, and on November 2, 2022, entered into a definitive wrap-up agreement. Under these agreements:</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">a)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;">NKKTubes&#8217; manufacturing and production operations were closed by June 30, 2022;</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">b)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;">the lease agreement of the Keihin steel complex between JFE and NKKTubes was terminated as of September 30, 2022; </span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">c)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;">all tangible fixed assets owned by NKKTubes and placed in the Keihin steel complex were either purchased by JFE or removed and disposed of; </span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">d)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;">NKKTubes started its liquidation process on November 30, 2022; </span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">e)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;">all agreements that allowed the operation of the joint venture will terminate progressively in accordance with NKKTubes&#8217; operational needs until liquidation is accomplished; </span></span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">f)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;">all agreements with local Japanese customers and subcontractors were terminated; </span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">g)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;">the intangible assets belonging to NKKTubes will be allocated between the parties based on agreements still under negotiation; and </span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">h)<span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;">all related dissolution and liquidation costs were allocated between the parties.</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In July, 2022, Tenaris and JFE entered into an agreement for the provision of tubular material, including <span style="font-style: italic;">13 Chrome </span>alloy products, thereby ensuring a continued supply of such products to international customers after NKKTubes&#8217; closure.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Management determined that the parties&#8217; decision to terminate the NKKTubes joint venture constituted an impairment indicator, conducted an impairment test, and as of December 2021, recognized a charge of approximately $57 million, impacting NKKTubes&#8217; property, plant and equipment and intangible assets. </span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">During 2022, as result of NKKTubes&#8217; closure, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement for an amount of $71.2 million.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">As of December 31, 2022, the net non-controlling interests&#8217; reserve amounts to approximately $13.2 million. This balance will be reclassified through the Company&#8217;s results in the period when the final liquidation of NKKTubes occurs.</span></p><p style="margin: 0pt;"><br/></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;">Agreement for acquisition of Benteler Steel &amp; Tube Manufacturing Corporation</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On July 7, 2022, the Company entered into a definitive agreement to acquire from Benteler North America Corporation, a Benteler Group company, <span style="border-left: none; border-right: none;">100</span>% of the shares of Benteler Steel &amp; Tube Manufacturing Corporation, a U.S. producer of seamless steel pipes. The agreement provided that either party could unilaterally terminate the agreement in case that the conditions precedent to closing had not been satisfied by January 3, 2023. On February 5, 2023, Tenaris announced that Benteler North America Corporation had exercised its right to unilaterally terminate, effective immediately, the acquisition agreement and, accordingly, the transaction will not proceed.</span><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611689104">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 36 - The Russia-Ukraine armed conflict and its impact on Tenaris&#8217;s operations<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ExtraordinaryAndUnusualItems1Abstract', window );"><strong>Extraordinary and Unusual Items 1 [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_UnusualOrInfrequentItems1DisclosureTextBlock', window );">Note 36 - The Russia-Ukraine armed conflict and its impact on Tenaris&#8217;s operations</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; color: rgb(0, 51, 102);"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">36</span></span><span style="font-weight: bold; margin-left: 30px;">The Russia-Ukraine armed conflict and its impact on Tenaris&#8217;s operations</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On February 24, 2022, Russia launched a military attack on Ukraine. In response, several jurisdictions, including the United States, the European Union and the United Kingdom imposed a wave of sanctions against certain Russian institutions, companies and citizens. The Russian government retaliated by ordering several economic counter measures, including restrictions on residents transferring foreign currency abroad.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris has so far found alternative sources in response to the interruption in supplies from Ukraine and the impact of sanctions on supplies from Russia but may still be faced with supply delays or forced to pay higher prices to secure the raw materials, in particular energy, required for its steelmaking operations. Although it is hard to predict how energy and commodity prices will continue to behave as the conflict unfolds, higher prices and possible shortages of energy and raw materials used in Tenaris&#8217;s steelmaking operations would result in higher production costs and potential plant stoppages, affecting its profitability and results of operations.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris&#8217;s sales to Russian customers were not material in the year ended December 31, 2022. All sales to Russian customers and all purchases from Russian suppliers were made in compliance with applicable regulations. There are no significant exposures or credit loss effects related to Russian counterparties, and the conflict has not created any uncertainty on the value of financial instruments. The currently ongoing events have not changed significant judgements taken into consideration when performing impairments tests, nor have they raised going concern risks. In addition, Tenaris is assessing the closure of its representative office in Moscow, which is currently not operative.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In light of the armed conflict and the designation of Severstal&#8217;s controlling shareholder as person subject to EU and UK sanctions, in March 2022, Tenaris recorded an impairment in the amount of approximately $14.9 million in connection with its investment in a joint venture in Russia with Severstal. See note 13.</span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615653136">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 37 - Climate change<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfClimateChangeAbstract', window );"><strong>Disclosure of Climate Change [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfClimateChangeTextBlock', window );">Note 37 - Climate change</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">37</span></span><span style="font-weight: bold; margin-left: 30px;">Climate change</span></span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tenaris carefully assesses the potential impact of climate change and energy transition on its business and on the risks to its markets and its tangible and intangible assets, and adapts its business strategy accordingly. </span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In February 2021 Tenaris set a medium-term target to reduce its carbon emissions intensity rate by 30% by 2030, compared to a 2018 baseline, considering Scopes 1 and 2 emissions plus Scope 3 emissions related to raw materials and steel purchased from third parties. The Company aims to achieve this target by using a higher proportion of recycled steel scrap in the metallic mix and by making investments to increase energy efficiency and the use of renewable energy in its energy requirements. This medium-term target forms part of a broader objective of decarbonizing our operations and reaching carbon neutrality. At the same time, the Company is increasing its sales for low-carbon energy applications, such as hydrogen, geothermal and carbon capture and storage. These sales currently account for a relatively small proportion of overall sales but are expected to grow in the coming years.</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In its assessment, Tenaris also considers that the countries in which it operates and its customers are also establishing their own decarbonization strategies and objectives, and that some customers are requesting specific information from their suppliers, including Tenaris, concerning the carbon emissions and Environmental, Social and Governance (&#8220;ESG&#8221;) practices in their supply chain, and that they may adjust their supply practices in light of that information.</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The recoverable value assessments performed by the Company for purposes of the preparation of these financial statements reflect management&#8217;s views on energy transition and climate change and their potential medium- and long-term impact on Tenaris&#8217;s operations and its sales. In addition, the Company carefully monitors the medium- and long-term outlook scenarios published by leading industry experts on how the energy transition could affect global demand for energy and oil and gas and how this could affect the global demand for tubular products and its sales. Furthermore, estimates and assumptions used in the Company&#8217;s impairment tests over long-lived assets and goodwill, useful lives of assets, capital and research and development expenditures, inventory valuation, recovery of deferred tax assets and provisions, and contingent liabilities are based on available information and current government regulations on energy transition and climate-related matters, as well as on Tenaris&#8217;s current short-term investment plans. As of the date of these financial statements, the Company does not believe that climate-related matters should trigger any material adjustments to the conclusions of its impairment tests.</span></p><div><div id="t_ft_57PK3TUO0000000000000000000000b"/></div><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576228704">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 38 - Events after the reporting period<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory', window );">Note 38 - Events after the reporting period</a></td>
<td class="text"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; color: rgb(0, 51, 102);"><span style="font-weight: bold;"><span style="border-left: none; border-right: none;">38</span></span><span style="font-weight: bold; margin: 0pt 0pt 0pt 21.3pt; line-height: 12pt; text-align: justify; text-indent: -21.3pt;">E<span style="font-weight: bold; font-family: 'times new roman', times; font-size: 10pt;">vents after the reporting perio</span>d</span></span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">Annual Dividend Proposal</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Upon approval of the Company&#180;s annual accounts in March 2023, the Board of Directors intends to propose, for the approval of the Annual General Shareholders' meeting to be held on May 3, 2023, the payment of an annual dividend of $0.51 per share ($1.02 per ADS), or approximately $602 million, which includes the interim dividend of $0.17 per share ($0.34 per ADS) or approximately $201 million, paid on November 23, 2022. If the annual dividend is approved by the shareholders, a dividend of $0.34 per share ($0.68 per ADS), or approximately $401 million will be paid on May 24, 2023, with an ex-dividend date of May 22, 2023. These Consolidated Financial Statements do not reflect this dividend payable.</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for events after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 10<br> -IssueDate 2022-03-24<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=10&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IAS10_g17-22_IAS10_g17-22_TI<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576415584">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 39 - Update as of March 31, 2023<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfEventsAfterReportingPeriodAndApprovalDateAbstract', window );"><strong>Disclosure of events after reporting period and approval date [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock', window );">Note 39 - Update as of March 31, 2023</a></td>
<td class="text"><div style="font-family: 'times new roman', times;"><p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; color: #003366;"><span style="font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">39</span></span><span style="font-weight: bold; margin: 0pt 0pt 0pt 21.3pt; line-height: 12pt; text-align: justify; text-indent: -21.3pt;"><span style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;">Update as of March 31, 2023<sup>1</sup></span></span></span></p><p style="font-size: 10pt; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Contingencies, commitments and restrictions on the distribution of profits updates</span></p><p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p></div><p style="font-size: 10pt; margin: 0cm 0cm 0.0001pt; line-height: 1.2; text-align: justify; font-family: 'Times New Roman', 'serif';"><span style="font-family: 'Frutiger 45 Light', 'sans-serif'; margin: 0cm 0cm 0.0001pt; line-height: inherit; text-align: justify;">Information contained in note 26<span style="font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">&#8220;Contingencies, <span style="line-height: inherit;">commitments</span> and restrictions on the distribution of profits<span style="line-height: inherit;"><i>&#8221;</i></span></span> was amended reflecting the latest updates on the following cases: &#8220;<i style="mso-bidi-font-style: normal;">CSN claims relating to the&#160;January 2012 acquisition of Usiminas&#8221;, &#8220;Putative class actions&#8221; </i>and <i style="mso-bidi-font-style: normal;">&#8220;U.S. patent infringement litigation&#8221;.</i></span></p><p style="font-size: 10pt; margin: 0cm 0cm 0.0001pt; line-height: 1.2; text-align: justify; font-family: 'Times New Roman', 'serif';"><br/></p><p style="font-size: 12pt; margin: 0in 0in 12pt; text-align: justify; break-after: avoid; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">Tenaris to Increase its participation in Usiminas control group</span></i></b></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">On March 30, 2023, the Company&#8217;s subsidiary, Confab, together with Tenaris&#8217;s affiliates Ternium Investments and Ternium Argentina, all of which compose the T/T Group within Usiminas control group, entered into a share purchase agreement to acquire from the NSC Group, pro rata to their current participations in the T/T Group, 68.7 million ordinary shares of Usiminas at a price of BRL10 (approximately $1.9) per ordinary share. Pursuant to the transaction, Tenaris would pay approximately BRL 110 million (approximately $21 million) in cash for 11 million ordinary shares, increasing its participation in the Usiminas control group to 9.8%. Upon the closing of this transaction, the T/T Group will hold an aggregate participation of 61.3% in the control group, with the NSC Group and Previd&#234;ncia Usiminas (Usiminas employees&#8217; pension fund) holding 31.7% and 7.1%, respectively. The transaction is subject to approval by Brazil&#8217;s antitrust authorities and will be financed with cash on hand.</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">&#160;</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">The Company will continue having significant influence over Usiminas and consequently will continue accounting for its investment under the equity method.</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><br/></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">At closing, the existing Usiminas shareholders agreement will be replaced by a new shareholders agreement setting forth a new governance structure for Usiminas. The T/T Group will nominate a majority of the Usiminas board of directors, the chief executive officer and four other members of the Usiminas board of officers. Of the positions allocated to the T/T group, Tenaris will retain the right to nominate one member of the Usiminas board of directors and one members of the Usiminas board of officers. Ordinary decisions may be approved with a 55% majority of Usiminas&#8217; control group shares. </span><br/></span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"><br/></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2; text-align: justify;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">At any time after the second anniversary of the closing of the transaction, the T/T Group will have the right to buy the NSC Group&#8217;s remaining interest in the Usiminas control group (153.1 million ordinary shares) at the higher of BRL10 per share and the 40-trading day average price per share immediately prior to the date of exercising the option. In addition, the NSC Group will have the right, at any time after the closing of the transaction, to withdraw its remaining shares from the control group and sell them in the open market after giving the T/T Group the opportunity to buy them at the 40-trading day average price per share, as well as the right, at any time after the second anniversary of the closing, to sell such shares to the T/T Group at BRL10 per share. Confab will have the right to participate in each such transaction pro rata to its current participation in the T/T group.</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">&#160;</span></p><p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">The Company will account for the transaction if and when the conditions precedent to closing are satisfied and the acquisition is completed.</span></p><div style="font-size: 10pt; font-family: 'times new roman', times;"><div id="t_ft_Q63TRPUERK00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 19.5968%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td><td style="width: 80.4032%;"><br/></td></tr></tbody></table></div></div><div style="font-size: 10pt; font-family: 'times new roman', times;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><sup>1</sup></span><span style="font-size: 10pt; font-family: 'times new roman', times;">This note was added subsequently to the approval of these Consolidated Financial Statements by the Company&#8217;s Board of Directors on February 15, 2023.</span></div><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for events after the reporting period and subsequent to the approval of the financial statements by the board of directors.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610744864">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>II. Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock', window );">Description of accounting policy for basis of presentation [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">A</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Basis of presentation</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Consolidated Financial Statements of Tenaris have been prepared in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;), as issued by the International Accounting Standards Board (&#8220;IASB&#8221;) and in accordance with IFRS as adopted by the European Union, under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities (including derivative instruments) and plan assets at fair value. The Consolidated Financial Statements are, unless otherwise noted, presented in thousands of U.S. dollars (&#8220;$&#8221;).&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Whenever necessary, certain comparative amounts have been reclassified to conform to changes in presentation in the current year. </span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The preparation of Consolidated Financial Statements in conformity with IFRS requires management to make certain accounting estimates and assumptions that might affect among others, the reported amounts of assets, liabilities, contingent liabilities, revenues and expenses. Actual results may differ from these estimates. The main areas involving significant estimates or judgements are: impairment of goodwill and long-lived assets (notes II.H), impairment in investments in associates (note II.B); income taxes (note II.O); obsolescence of inventory (note II.J); contingencies (note II.Q); allowance for trade receivables (note II.K); post-employment and other long-term benefits (note II.P); business combinations (notes II.B); useful lives of property, plant and equipment and other long-lived assets (notes II.E, II.F, II.H); fair value estimation of certain financial instruments (notes III.B, IV.34) and property title ownership restriction (note IV.27). During the year there were no material changes in the significant accounting estimates and judgements.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(1)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 57px;">Accounting pronouncements applicable as from J</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">anuary 1, 20</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">2</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">2</span></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Accounting pronouncements that became effective during 2022 have no material effect on the Company&#8217;s financial condition or results of operations. </span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(2)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 57px;">New ac</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">counting pronouncements </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">not </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">applicable as </span><span style="font-style: italic; font-weight: bold; line-height: inherit;">of December 3</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">1, 202</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">2</span></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;">Certain</span><span style="line-height: inherit;">new</span><span style="line-height: inherit;">ly published</span><span style="line-height: inherit;"> accounting standards, amendments to accounting standards and interpretations are not mandatory for December 31, 202</span><span style="line-height: inherit;">2</span><span style="line-height: inherit;"> reporting periods and have not been early adopted by the Company. These standards, amendments or interpretations are not expected to have a material impact in the current or future reporting periods and on foreseeable future transactions</span>.&#160;</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory', window );">Description of accounting policy for investment in associates and joint ventures [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">B</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Group accounting</span></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(1)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 51px;">Subsidiaries and transactions with non-controlling interests</span></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subsidiaries are all entities over which Tenaris has control. Tenaris controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is exercised by the Company and are no longer consolidated from the date control ceases. </span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The acquisition method of accounting is used to account for the acquisition of subsidiaries by Tenaris. The cost of an acquisition is measured as the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of exchange. Acquisition-related costs are expensed as incurred. Identifiable assets acquired, liabilities and contingent liabilities assumed in a business combination are generally measured initially at their fair values at the acquisition date. Any non-controlling interest in the acquiree is measured either at fair value or at the non-controlling interest&#8217;s proportionate share of the acquiree&#8217;s net identifiable assets. The excess of the aggregate of the consideration transferred and the amount of any non-controlling interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the Consolidated Income Statement.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Contingent consideration is classified either as equity or as a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">If the business combination is achieved in stages, the acquisition date carrying value of the acquirer&#8217;s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Transactions with non-controlling interests that do not result in a loss of control are accounted as transactions with equity owners of the Company. For purchases from non-controlling interests, the difference between any consideration paid and the relevant share acquired of the carrying value of net assets of the subsidiary is recorded in equity. Gains or losses on disposals to non-controlling interests are also recorded in equity.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">When the Company ceases to have control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognized in profit or loss. The fair value is the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss. </span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Material intercompany transactions, balances and unrealized gains (losses) on transactions between Tenaris subsidiaries have been eliminated in consolidation. However, since the functional currency of some subsidiaries is its respective local currency, some financial gains (losses) arising from intercompany transactions are generated. These are included in the Consolidated Income Statement under <span style="font-style: italic; line-height: inherit;">Other f</span><span style="font-style: italic; line-height: inherit;">inancial results</span>. </span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(2)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 47px;">Non-consolidated companies</span></span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Non-consolidated companies are all entities in which Tenaris has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. Investments in non-consolidated companies (associates and joint ventures) are accounted for by the equity method of accounting and are initially recognized at cost (as defined by IAS 28, &#8220;Investments in Associates and Joint Ventures&#8221;). The Company&#8217;s investment in non-consolidated companies includes goodwill identified in acquisition, net of any accumulated impairment loss.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize Tenaris&#8217;s share of the post-acquisition profits or losses of the investee in profit or loss, and Tenaris&#8217;s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognized as a reduction in the carrying amount of the investment.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br/></p><p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; line-height: inherit;">If material, unrealized results on transactions between Tenaris and its non-consolidated companies are eliminated to the extent of Tenaris&#8217;s interest in the non-consolidated companies. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment indicator of the asset transferred. Financial statements of non-consolidated companies </span><span style="font-style: normal; line-height: inherit;">are</span><span style="font-style: normal; line-height: inherit;"> adjusted where necessary to ensure consistency with IFRS.</span></span></p><p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; line-height: inherit;">The Company&#8217;s pro-rata share of earnings in non-consolidated companies is recorded in the Consolidated Income Statement under </span><span style="font-style: italic; line-height: inherit;">Equity in earnings</span><span style="font-style: italic; line-height: inherit;">of non-consolidated companies</span><span style="font-style: normal; line-height: inherit;">. The Company&#8217;s pro-rata share of changes in other comprehensive income is recognized in the Consolidated Statement of Comprehensive Income.</span></span></p><p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; break-after: avoid; break-inside: avoid; text-indent: -18pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">a)&#160;&#160;&#160;&#160;&#160;&#160; Ternium</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">At December 31, 2022, Tenaris held 11.46% of Ternium S.A. (&#8220;Ternium&#8221;) common stock. The following factors and circumstances evidence that Tenaris has significant influence over Ternium:</span></p><p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"><br/></p><ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Both the Company and Ternium are under the indirect common control of San Faustin S.A. (&#8220;San Faustin&#8221;);</span></li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Four out of nine members of Ternium&#8217;s Board of Directors (including Ternium&#8217;s Chairman) are also members of the Company&#8217;s Board of Directors;</span></li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Under the shareholders&#8217; agreement by and between the Company and Techint Holdings S.&#224;r.l, a wholly owned subsidiary of San Faustin&#160;and Ternium&#8217;s main shareholder, dated January 9, 2006,&#160;Techint Holdings S.&#224;r.l, is required to take actions within its power to cause (a) one of the members of Ternium&#8217;s Board of Directors to be nominated by the Company and (b) any director nominated by the Company to be removed from Ternium&#8217;s Board of Directors only pursuant to previous written instructions of the Company.</span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -18pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">b)</span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-style: italic; line-height: inherit;">Usiminas</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">At December 31, 2022, Tenaris held, through its Brazilian subsidiary Confab Industrial S.A. (&#8220;Confab&#8221;), 36.5 million ordinary shares and 1.3 million preferred shares of Usinas Sider&#250;rgicas de Minas Gerais S.A. - Usiminas (&#8220;Usiminas&#8221;), representing 5.19% of its shares with voting rights and 3.07% of its total share capital. </span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Confab&#8217;s acquisition of the Usiminas shares was part of a larger transaction performed on January 16, 2012, pursuant to which Tenaris&#8217;s affiliate Ternium (through certain of its subsidiaries) and Confab acquired a large block of Usiminas ordinary shares and joined Usiminas&#8217; existing control group. Subsequently, in 2016, Ternium and Confab subscribed to additional ordinary shares and to preferred shares.&#160;&#160; </span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">At December 31, 2022, the Usiminas control group held, in the aggregate, 483.6 million ordinary shares bound to the Usiminas shareholders&#8217; agreement, representing approximately 68.6% of Usiminas&#8217; voting capital. The Usiminas control group, which is bound by a long-term shareholders&#8217; agreement that governs the rights and obligations of Usiminas&#8217; control group members, is currently composed of three sub-groups: the T/T Group, comprising Confab and certain Ternium entities; the NSC Group, comprising Nippon Steel Corporation (&#8220;NSC&#8221;), Metal One Corporation and Mitsubishi Corporation; and Usiminas&#8217; pension fund Previd&#234;ncia Usiminas. The T/T Group holds approximately 47.1% of the total shares held by the control group (39.5% corresponding to the Ternium entities and the other 7.6% corresponding to Confab); the NSC Group holds approximately 45.9% of the total shares held by the control group; and Previd&#234;ncia Usiminas holds the remaining 7%.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The corporate governance rules reflected in the Usiminas shareholders agreement include, among others, an alternation mechanism for the nomination of each of the Chief Executive Officer (&#8220;CEO&#8221;) and the Chairman of the Board of Directors of Usiminas, as well as a mechanism for the nomination of other members of Usiminas&#8217; executive board. The Usiminas shareholders agreement also provides for an exit mechanism consisting of a buy-and-sell procedure (exercisable at any time after November 16, 2022, and applicable with respect to shares held by NSC and the T/T Group), which would allow either Ternium or NSC to purchase all or a majority of the Usiminas shares held by the other shareholder.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Confab and the Ternium entities party to the Usiminas shareholders agreement have a separate shareholders agreement governing their respective rights and obligations as members of the T/T Group. Such separate agreement includes, among others, provisions granting Confab certain rights relating to the T/T Group&#8217;s nomination of Usiminas&#8217; officers and directors under the Usiminas shareholders agreement. Those circumstances evidence that Tenaris has significant influence over Usiminas.</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br/></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -18pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; line-height: inherit;">c)</span><span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;">&#160;&#160;&#160;&#160;&#160;&#160; </span><span style="font-style: italic; line-height: inherit;">Techgen</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Techgen S.A. de C.V. (&#8220;Techgen&#8221;), which operates an electric power plant in Mexico, is a joint venture company owned 48% by Ternium, 30% by Tecpetrol International S.A. (&#8220;Tecpetrol&#8221;) and 22% by Tenaris. The Company, Ternium and Tecpetrol are parties to a shareholders&#8217; agreement relating to the governance of Techgen and are under the indirect common control of San Faustin. 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Tenaris, through its subsidiary Saudi Steel Pipe Company (&#8220;SSPC&#8221;), currently owns 35% of the share capital of GPC. In accordance with GPC&#8217;s bylaws, SSPC&#8217;s 35% equity interest entitles SSPC to appoint four of the eleven members of the Board of Directors of GPC. In addition, SSPC has the ability to block any shareholder resolution. Based on the facts stated above, the Company has determined that it has significant influence over this entity.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris carries its investments in non-consolidated companies under the equity method, with no additional goodwill or intangible assets recognized. 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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory', window );">Description of accounting policy for segment reporting [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">C</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Segment information</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company is organized in one major business segment, Tubes, which is also the reportable operating segment. All other business activities and operating segments that are not required to be separately reported, are disclosed in the Other segment.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods (&#8220;OCTG&#8221;) used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. Business activities included in this segment are mainly dependent on the oil and gas industry worldwide, as this industry is a major consumer of steel pipe products, particularly OCTG used in drilling activities. Demand for steel pipe products from the oil and gas industry has historically been volatile and depends primarily upon the number of oil and natural gas wells being drilled, completed and reworked, and the depth and drilling conditions of these wells. Sales are generally made to end users, with exports being done through a centrally managed global distribution network and domestic sales are made through local subsidiaries.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">The Other segment includes all business activities related to&#160;</span>the production and selling of sucker rods, industrial equipment, coiled tubing, tubes used for plumbing applications, oilfield / hydraulic fracturing services, energy and raw materials that exceed internal requirements.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris&#8217;s Chief Operating Decision Maker (&#8220;CODM&#8221;) holds monthly meetings with senior management, in which operating and financial performance information is reviewed. 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For purposes of reporting geographical information, net sales are allocated to geographical areas based on the customer&#8217;s location; allocation of assets, capital expenditures and associated depreciations and amortizations are based on the geographical location of the assets.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory', window );">Description of accounting policy for foreign currency translation [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">D</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Foreign </span><span style="font-weight: bold; line-height: inherit;">c</span><span style="font-weight: bold; line-height: inherit;">urrency </span><span style="font-weight: bold; line-height: inherit;">t</span><span style="font-weight: bold; line-height: inherit;">ranslation</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.45pt; break-after: avoid; break-inside: avoid; text-indent: -35.45pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(1)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;">Functional</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> and presentation</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> currency</span></span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 54pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">IAS 21 (revised), &#8220;The effects of changes in foreign exchange rates&#8221; defines the functional currency as the currency of the primary economic environment in which an entity operates.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The functional and presentation currency of the Company is the U.S. dollar. The U.S. dollar is the currency that best reflects the economic substance of the underlying events and circumstances relevant to Tenaris&#8217;s global operations. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Starting January 1, 2023, the Company changed the functional currency of its Brazilian subsidiaries, from the Brazilian Real to the U.S. dollar.</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">This decision is a result of a significant increase of its Brazilian Subsidiaries&#8217; participation in the OCTG and line pipe international markets, a trend which started in recent years and has been strengthened in 2022, an increased level of integration of the local operations within Tenaris&#8217;s international commercial and supply chain system, as well as the fact that the main purchase agreement contracts and the long term sales agreement contracts with major international and local oil companies are both indexed to the U.S. dollar. Local steel prices are also being affected by the U.S. dollar / Brazilian Real fluctuations.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As a result of this change, except for the Italian subsidiaries whose functional currency is the Euro, Tenaris determined that the functional currency of its other subsidiaries is the U.S. dollar, based on the following principal considerations:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Sales are mainly negotiated, denominated and settled in U.S. dollars. 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margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(2)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;">Transactions in currencies other than the functional currency</span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;">Transactions in currencies other than the functional currency are translated into the functional currency using the exchange rates prevailing at the date of the transactions or valuati</span><span style="font-weight: normal; line-height: inherit;">on where items are re-measured.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;">At the end of each reporting period: (i) monetary items denominated in currencies other than the functional currency are translated using the closing rates; (ii) non-monetary items that are measured in terms of historical cost in a currency other than the functional currency are translated using the exchange rates prevailing at the date of the transactions; and (iii) non-monetary items that are measured at fair value in a currency other than the functional currency are translated using the exchange rates prevailing at the date when</span><span style="font-weight: normal; line-height: inherit;"> the fair value was determined.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;">Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in currencies other than the functional currency are recorded as gains and losses from foreign exchange and included in </span><span style="font-style: italic; font-weight: normal; line-height: inherit;">Other financial results</span><span style="font-weight: normal; line-height: inherit;"> in the Consolidated Income Statement, except when deferred in equity as qualifying cash flow hedges and qu</span><span style="font-weight: normal; line-height: inherit;">alifying net investment hedges.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(3)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;">Translation of financial information in currencies other than the functional currency</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Results of operations for subsidiaries whose functional currencies are not the U.S. dollar are translated into U.S. dollars at the average exchange rates for each quarter of the year. Financial statement positions are translated at the year-end exchange rates. Translation differences are recognized in a separate component of equity as currency translation adjustments. In the case of a sale or other disposal of any of such subsidiaries, any accumulated translation difference would be recognized in the Consolidated Income Statement as a gain or loss from the sale following IAS 21.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Goodwill and fair value adjustments arising from the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory', window );">Description of accounting policy for property, plant and equipment [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">E</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Property, plant and equipment</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Property, plant and equipment are recognized at historical acquisition or construction cost less accumulated depreciation and impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Property, plant and equipment acquired through acquisitions accounted for as business combinations have been valued initially at the fair market value of the assets acquired.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Major overhaul and rebuilding expenditures are capitalized as property, plant and equipment only when it is probable that future economic benefits associated with the item will flow to the Company and the investment enhances the condition of assets beyond its original condition. The carrying amount of the replaced part is derecognized. Maintenance expenses on manufacturing properties are recorded as cost of products sold in the year in which they are incurred.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Cost may also include transfers from equity of any gains or losses on qualifying cash flow hedges of foreign currency purchases of property, plant and equipment. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Borrowing costs that are attributable to the acquisition or construction of certain capital assets are capitalized as part of the cost of the asset, in accordance with IAS 23 (revised), &#8220;Borrowing Costs&#8221;. Assets for which borrowing costs are capitalized are those that require a substantial period of time to prepare for their intended use.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The depreciation method is reviewed at each year end. 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margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> Land </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> No Depreciation </span></p></td></tr><tr style="height: 16px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Buildings and improvements&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">30-50 years </span></p></td></tr><tr style="height: 16px; background-color: #ffffff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Plant and production equipment&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">10-40 years </span></p></td></tr><tr style="height: 16px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> Vehicles, furniture and fixtures, and other equipment </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 1.4pt; text-indent: -1.4pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">4-10 years </span></p></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The assets&#8217; residual values and useful lives of significant plant and production equipment are reviewed and adjusted, if appropriate, at each year-end date. An asset&#8217;s carrying amount is written down immediately to its recoverable amount if the asset&#8217;s carrying amount is greater than its estimated recoverable amount.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Management&#8217;s re-estimation of assets useful lives, performed in accordance with IAS 16, &#8220;Property, Plant and Equipment&#8221;, resulted in additional depreciation expenses of approximately $39 million for 2022, of $45 million for 2020 and did not materially affect depreciation expenses for 2021.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris depreciates each significant part of an item of property, plant and equipment for its different production facilities that (i) can be properly identified as an independent component with a cost that is significant in relation to the total cost of the item, and (ii) has a useful operating life that is different from another significant part of that same item of property, plant and equipment.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Gains and losses on disposals are determined by comparing the proceeds with the carrying amount of assets and are recognized under <span style="font-style: italic; line-height: inherit;">Other operating income </span>or <span style="font-style: italic; line-height: inherit;">Other operating expenses</span> in the Consolidated Income Statement.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory', window );">Description of accounting policy for intangible assets and goodwill [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">F</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Intangible assets</span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(1)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;">Goodwill </span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: normal; line-height: inherit;">Goodwill represents the excess of the acquisition cost </span><span style="font-style: normal; line-height: inherit;">over the fair value of </span><span style="font-style: normal; line-height: inherit;">Tenaris&#8217;s</span><span style="font-style: normal; line-height: inherit;"> share of net identifiable assets acquired as part of business combinations determined mainly by independent valuations. Goodwill is tested </span><span style="font-style: normal; line-height: inherit;">at least </span><span style="font-style: normal; line-height: inherit;">annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Goodwill is included </span><span style="font-style: normal; line-height: inherit;">in</span><span style="font-style: normal; line-height: inherit;"> the Consolidated Statement of Financial Position under </span><span style="font-style: italic; line-height: inherit;">Intangible assets, net.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;">For the purpose of impairment testing, g</span><span style="font-weight: normal; line-height: inherit;">oodwill is allocated to a </span><span style="font-weight: normal; line-height: inherit;">cash generating unit (&#8220;</span><span style="font-weight: normal; line-height: inherit;">CGU</span><span style="font-weight: normal; line-height: inherit;">&#8221;)</span><span style="font-weight: normal; line-height: inherit;"> or group of </span><span style="font-weight: normal; line-height: inherit;">CGUs</span><span style="font-weight: normal; line-height: inherit;"> that&#160;</span></span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;">are expected to benefit from the business combination which generated the goodwill being tested. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(2)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;">Information systems projects</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Costs associated with maintaining computer software programs are generally recognized as an expense as incurred. However, costs directly related to the development, acquisition and implementation of information systems are recognized as intangible assets if it is probable that they have economic benefits exceeding one year and comply with the recognition criteria of IAS 38, &#8220;Intangible Assets&#8221;.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Information systems projects recognized as assets are amortized using the straight-line method over their useful lives, generally not exceeding a period of 3 years. Amortization charges are mainly classified as <span style="font-style: italic; line-height: inherit;">Selling, general and administrative expenses</span> in the Consolidated Income Statement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Management&#8217;s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022 and 2021 and resulted in additional amortization expenses of $11.1 million for 2020.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(3)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;">Licenses, patents, trademarks and proprietary technology </span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Licenses, patents, trademarks, and proprietary technology acquired in a business combination are initially recognized at fair value at the acquisition date. Licenses, patents, proprietary technology and those trademarks that have a finite useful life are carried at cost less accumulated amortization. Amortization is calculated using the straight-line method to allocate the cost over their estimated useful lives, which are in the range between 3 and 10 years. Amortization charges are mainly classified as <span style="font-style: italic; line-height: inherit;">Cost of Sales</span> in the Consolidated Income Statement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The balance of acquired trademarks that have indefinite useful lives according to external appraisal amounts to $86.7 million at December 31, 2022, 2021 and 2020, and are included in Hydril CGU. Main factors considered in the determination of the indefinite useful lives include the years that they have been in service and their recognition among customers in the industry.</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Management&#8217;s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022, 2021 and 2020.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(4)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;">Research and development</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">Research expenditures as well as </span>development costs that do not fulfill the criteria for capitalization are recorded as <span style="font-style: italic; line-height: inherit;">Cost of sales</span> in the Consolidated Income Statement as incurred. 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(&#8220;IPSCO&#8221;)</span><span style="letter-spacing: -0.1pt; line-height: inherit;">.</span></span></p><p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p><p style="line-height: 1.2; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">Customer relationships acquired in a business combination are recognized at fair value at the acquisition date, have a finite useful life and are carried at cost less accumulated amortization. Amortization is calculated using the straight line method over the initial expected useful li</span><span style="letter-spacing: -0.1pt; line-height: inherit;">v</span><span style="letter-spacing: -0.1pt; line-height: inherit;">e</span><span style="letter-spacing: -0.1pt; line-height: inherit;">s</span><span style="letter-spacing: -0.1pt; line-height: inherit;">which were </span><span style="letter-spacing: -0.1pt; line-height: inherit;">approximately 14 years for Maverick, 10 y</span><span style="letter-spacing: -0.1pt; line-height: inherit;">ears for Hydril</span><span style="letter-spacing: -0.1pt; line-height: inherit;">,</span><span style="letter-spacing: -0.1pt; line-height: inherit;">9 years for </span><span style="letter-spacing: -0.1pt; line-height: inherit;">SSP</span><span style="letter-spacing: -0.1pt; line-height: inherit;">C and </span><span style="letter-spacing: -0.1pt; line-height: inherit;">3</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> year</span><span style="letter-spacing: -0.1pt; line-height: inherit;">s</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> for IPSCO</span><span style="letter-spacing: -0.1pt; line-height: inherit;">.</span></span></p><p style="line-height: 1.2; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">In <span style="border-left: none; border-right: none; line-height: inherit;">2022</span>,</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> the Company has reviewed the useful life of SSPC&#8217;s customer relationships and decided to reduce </span><span style="letter-spacing: -0.1pt; line-height: inherit;">it</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> from 5 years to 3 years, consequently a higher amortization charge of approximately $4.1 million was recorded in the Consolidated Income Statement under </span><span style="font-style: italic; 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font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">As o</span><span style="letter-spacing: -0.1pt; line-height: inherit;">f December 31, 20</span><span style="letter-spacing: -0.1pt; line-height: inherit;">2</span><span style="letter-spacing: -0.1pt; line-height: inherit;">2</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> the net book</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> value </span><span style="letter-spacing: -0.1pt; line-height: inherit;">of</span><span style="letter-spacing: -0.1pt; line-height: inherit;">SSP</span><span style="letter-spacing: -0.1pt; line-height: inherit;">C</span><span style="letter-spacing: -0.1pt; line-height: inherit;">&#8217;s customer relationship amounts </span><span style="letter-spacing: -0.1pt; line-height: inherit;">to $</span><span style="letter-spacing: -0.1pt; line-height: inherit;">41.5</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> million</span><span style="letter-spacing: -0.1pt; line-height: inherit;">, with a residual useful life of </span><span style="letter-spacing: -0.1pt; line-height: inherit;">3</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> years</span><span style="letter-spacing: -0.1pt; line-height: inherit;">, w</span><span style="letter-spacing: -0.1pt; line-height: inherit;">hile </span><span style="letter-spacing: -0.1pt; line-height: inherit;">IPSCO&#8217;s, </span><span style="letter-spacing: -0.1pt; line-height: inherit;">Maverick&#8217;s </span><span style="letter-spacing: -0.1pt; line-height: inherit;">and</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> Hydril&#8217;s customer relationships </span><span style="letter-spacing: -0.1pt; line-height: inherit;">are</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> fully amortized.</span></span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory', window );">Description of accounting policy for leases [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">G</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Right-of-use assets and lease liabilities</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Leases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the group. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is depreciated over the lease term on a straight-line basis.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Lease liabilities include the net present value of i) fixed payments, less any lease incentives receivable, ii) variable lease payments that are based on an index or a rate, iii) amounts expected to be payable by the lessee under residual value guarantees, iv) the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and v) payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee&#8217;s incremental borrowing rate is used, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Right-of-use assets are measured at cost comprising the amount of the initial measurement of lease liability, any lease payments made at or before the commencement date less any lease incentives received and any initial direct costs incurred by the lessee.</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.05pt; text-indent: -28.05pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option or early termination, or not to exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated).</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Payments associated with short-term leases, variable leases and leases of low value assets are recognized on a straight-line basis as expenses in profit or loss. Short-term leases are leases with a lease term of 12 months or less.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory', window );">Description of accounting policy for impairment of non-financial assets [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">H</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Impairment of non-financial assets</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Long-lived assets including identifiable intangible assets are reviewed for impairment at the lowest level for which there are separately identifiable cash flows (CGU). Most of the Company&#8217;s principal subsidiaries that constitute a CGU have a single main production facility and, accordingly, each of such subsidiaries represents the lowest level of asset aggregation that generates largely independent cash inflows.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Assets that are subject to amortization or depreciation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Intangible assets with indefinite useful lives, including goodwill, are subject to at least an annual impairment test, or are tested more frequently if events or circumstances indicate that the carrying amount value may be impaired. In some circumstances where there have not been significant changes to CGU assets and liabilities as well as external and internal events which could materially alter the recoverable amount of the CGU, the most recent detailed calculation of recoverable amount made in a preceding period may be used in the impairment test for that CGU in the current period. </span><br/></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">In assessing whether there is any indication that a CGU may be impaired, external and internal sources of information are analyzed. Material facts and circumstances specifically considered in the analysis usually include the discount rate used in Tenaris&#8217;s cash flow projections and the business condition in terms of competitive, economic and regulatory factors, such as the cost of raw materials, oil and gas prices, and the evolution of the rig count.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">An impairment loss is recognized for the amount by which the asset&#8217;s carrying amount exceeds its recoverable amount. The recoverable amount is the higher between the asset&#8217;s value in use and fair value less costs of disposal. Any impairment loss is allocated to reduce the carrying amount of the assets of the CGU in the following order:&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-indent: -14.15pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(a) first, to reduce the carrying amount of any goodwill allocated to the CGU; and</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-indent: -14.15pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">(b) then, to the other assets of the unit (group of units) pro-rata on the basis of the carrying amount of each asset in the unit (group of units), considering not to reduce the carrying amount of the asset below the highest of its fair value less cost of disposal, its value in use or zero.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Value in use is calculated by discounting the estimated cash flows over a <span style="-sec-ix-hidden:Tag3207">five year</span> period (or higher if the period can be justified) based on forecasts approved by management. For the subsequent years beyond the <span style="-sec-ix-hidden:Tag3208">five-year</span>&#160;period, a terminal value is calculated based on perpetuity considering a nominal growth rate of 2% taking into account among others, mainly the historical inflation rate.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;">For purposes of calculating the fair value less costs of disposal, Tenaris uses the estimated value of future cash flows that a market participant could generate from the corresponding CGU.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Management judgment is required to estimate discounted future cash flows. Actual cash flows and values could vary significantly from the forecasted future cash flows and related values derived using discounting techniques.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal at each reporting date. For more information on impairment charges see note 5 to these Consolidated Financial Statements.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory', window );">Description of accounting policy for investments other than investments accounted for using equity method [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">I</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Other </span><span style="font-weight: bold; line-height: inherit;">i</span><span style="font-weight: bold; line-height: inherit;">nvestments</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Other investments consist primarily of investments in financial instruments and time deposits with a maturity of more than three months at the date of purchase.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Certain non-derivative financial assets that the Company held not for trading have been categorized as financial assets at fair value through other comprehensive income (&#8220;FVOCI&#8221;), as the business model objective is achieved by both holding financial assets in order to collect contractual cash flows and selling financial assets. They are carried at fair value and interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the Consolidated Statement of Comprehensive Income and transferred to the Consolidated Income Statement when the financial asset is sold. Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income Statement. FVOCI instruments with maturities greater than 12 months after the balance sheet date are included in non-current assets.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Other investments in financial instruments and time deposits are categorized as financial assets at fair value through profit or loss (&#8220;FVPL&#8221;) because such investments are held for trading and their performance is evaluated on a fair value basis. The results of these investments are recognized in <span style="font-style: italic; line-height: inherit;">Financial Results</span> in the Consolidated Income Statement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Purchases and sales of financial investments are recognized as of their settlement date.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">The fair values of quoted investments are </span><span style="letter-spacing: -0.1pt; line-height: inherit;">generally </span><span style="letter-spacing: -0.1pt; line-height: inherit;">based on current bid prices. If the market for a financial investment is not active or the securities are not listed, Tenaris estimates the fair value by using standard valuation techniques</span><span style="letter-spacing: -0.1pt; line-height: inherit;">. S</span><span style="letter-spacing: -0.1pt; line-height: inherit;">ee s</span><span style="letter-spacing: -0.1pt; line-height: inherit;">ectio</span><span style="letter-spacing: -0.1pt; line-height: inherit;">n III Financial Risk Management</span><span style="letter-spacing: -0.1pt; line-height: inherit;">.</span></span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories', window );">Description of accounting policy for measuring inventories [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">J</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Inventories</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Inventories are stated at the lower between cost and net realizable value. The cost of finished goods and goods in process is comprised of raw materials, direct labor, utilities, freights and other direct costs and related production overhead costs, and it excludes borrowing costs. The allocation of fixed production costs, including depreciation and amortization charges, is based on the normal level of production capacity. Inventories cost is mainly based on the FIFO method. Tenaris estimates net realizable value of inventories by grouping, where applicable, similar or related items. Net realizable value is the estimated selling price in the ordinary course of business, less any estimated costs of completion and selling expenses. Goods in transit as of year-end are valued based on the supplier&#8217;s invoice cost.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tenaris establishes an allowance for obsolete or slow-moving inventories related to finished goods, goods in process, supplies and spare parts. For slow moving or obsolete finished products, an allowance is established based on management&#8217;s analysis of product aging. An allowance for obsolete and slow-moving inventory of supplies and spare parts is established based on management's analysis of such items to be used as intended and the consideration of potential obsolescence due to technological changes, aging and consumption patterns.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory', window );">Description of accounting policy for trade and other receivables [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">K</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Trade </span><span style="font-weight: bold; line-height: inherit;">and other </span><span style="font-weight: bold; line-height: inherit;">receivables</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">Trade and other receivables are recognized initially at</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> fair value that corresponds to</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> the amount of consideration that is unconditional unless they contain significant financing c</span><span style="letter-spacing: -0.1pt; line-height: inherit;">omponents. The Company holds</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> trade receivables with the objective to collect the contractual cash flows and therefore measu</span><span style="letter-spacing: -0.1pt; line-height: inherit;">res them subsequently at amortiz</span><span style="letter-spacing: -0.1pt; line-height: inherit;">ed cost using the effective interest method. </span><span style="letter-spacing: -0.1pt; line-height: inherit;">Due to the short-term nature, their carrying amount is considered to be the same as their fair value</span><span style="letter-spacing: -0.1pt; line-height: inherit;">.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">Tenaris applies the</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> IFRS 9</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> &#8220;Financial Instruments&#8221;</span><span style="letter-spacing: -0.1pt; line-height: inherit;">simplified approach to measure</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> expected credit losses</span><span style="letter-spacing: -0.1pt; line-height: inherit;">,</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of sales over a period of </span><span style="letter-spacing: -0.1pt; line-height: inherit;">three</span><span style="letter-spacing: -0.1pt; line-height: inherit;">years</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> and the corresponding historical credit losses exp</span><span style="letter-spacing: -0.1pt; line-height: inherit;">erienced within this period. The expected loss allowance also</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> reflect</span><span style="letter-spacing: -0.1pt; line-height: inherit;">s</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> current and forward-looking information on macroeconomic factors affecting the ability</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> of</span><span style="letter-spacing: -0.1pt; line-height: inherit;">each </span><span style="letter-spacing: -0.1pt; line-height: inherit;">custo</span><span style="letter-spacing: -0.1pt; line-height: inherit;">mer to settle the receivables.</span></span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents', window );">Description of accounting policy for determining components of cash and cash equivalents [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">L</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Cash and cash equivalents</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">Cash and cash equi</span><span style="letter-spacing: -0.1pt; line-height: inherit;">valents are comprised of cash at</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> banks, liquidity funds and short-term investments with a maturity of less than three months at the date of purchase which are readily convertible to known amounts of cash. Assets recorded in cash and cash equivalents are carried at fair market value or at historical cost which </span><span style="letter-spacing: -0.1pt; line-height: inherit;">approximates fair market value.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">In the Consolidated Statement of Financial Position, bank overdrafts are included in </span><span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Borrowings</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> in current liabilities.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="letter-spacing: -0.1pt; line-height: inherit;">For the purposes of the </span><span style="letter-spacing: -0.1pt; line-height: inherit;">Consolidated Statement of C</span><span style="letter-spacing: -0.1pt; line-height: inherit;">ash </span><span style="letter-spacing: -0.1pt; line-height: inherit;">F</span><span style="letter-spacing: -0.1pt; line-height: inherit;">low</span><span style="letter-spacing: -0.1pt; line-height: inherit;">s</span><span style="letter-spacing: -0.1pt; line-height: inherit;">, </span><span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">C</span><span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">ash and cash equivalents</span><span style="letter-spacing: -0.1pt; line-height: inherit;"> includes </span><span style="letter-spacing: -0.1pt; line-height: inherit;">overdrafts</span><span style="letter-spacing: -0.1pt; line-height: inherit;">.</span></span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory', window );">Description of accounting policy for issued capital [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">M</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">E</span><span style="font-weight: bold; line-height: inherit;">quity</span></span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(1)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;">Equity</span><span style="font-style: italic; font-weight: bold; line-height: inherit;"> components</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Consolidated Statement of Changes in Equity includes:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; text-align: justify; font-size: 10pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The value of share capital, legal reserve, share premium and other distributable reserves calculated in accordance with Luxembourg law;</span></li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; margin: 0pt; padding-left: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; font-style: normal; line-height: inherit;">The currenc</span>y translation adjustment, other reserves, retained earnings and non-controlling interest calculated in accordance with IFRS.</span><br/></li></ul><p style="line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; break-after: avoid; break-inside: avoid; text-indent: -36pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(2)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;">Share cap</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">it</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">al</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The Company has an authorized share capital of a single class of 2.5 billion shares having a nominal value of $1.00 per share. Total ordinary shares issued and outstanding as of December 31, 2022, <span style="border-left: none; border-right: none; line-height: inherit;">2021</span> and <span style="border-left: none; border-right: none; line-height: inherit;">2020</span> are 1,180,536,830 with a par value of $1.00 per share with one vote each. All issued shares are fully paid.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div><div style="border-left: none; border-right: none;"/></div><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(3)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;">Dividends distribution by the Company to shareholders </span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dividends distributions are recorded in the Company&#8217;s financial statements when Company&#8217;s shareholders have the right to receive the payment, or when interim dividends are approved by the Board of Directors in accordance with the by-laws of the Company.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Dividends may be paid by the Company to the extent that it has distributable retained earnings, calculated in accordance with Luxembourg law. See note 26 (iii) to these Consolidated Financial Statements.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory', window );">Description of accounting policy for borrowings [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">N</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Borrowings</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Borrowings are recognized initially at fair value net of transaction costs incurred and subsequently measured at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognized in profit or loss over the period of the borrowings using the effective interest method.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory', window );">Description of accounting policy for income tax [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">O</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Current and d</span><span style="font-weight: bold; line-height: inherit;">eferred income tax</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The income tax expense or credit for the period is the tax payable or recoverable on the current period&#8217;s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses. Tax is recognized in the Consolidated Income Statement, except for tax items recognized in other comprehensive income or directly in equity.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the reporting date in the countries where the Company&#8217;s subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions when appropriate.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Deferred income tax is recognized applying the liability method on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. The temporary differences arise mainly from the effect of currency translation on depreciable fixed assets and inventories, depreciation on property, plant and equipment, valuation of inventories, provisions for post-employment benefits and other long-term employee benefits, fair value adjustments of assets acquired in business combinations and net operating loss carry-forwards. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the time period when the asset is realized or the liability is settled, based on tax laws that have been enacted or substantively enacted at the reporting date. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measures its tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of the resolution of the uncertainty.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized. At the end of each reporting period, Tenaris reassesses unrecognized deferred tax assets. Tenaris recognizes a previously unrecognized deferred tax asset to the extent that it has become probable that future taxable income will allow the deferred tax asset to be recovered.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and tax basis of investments in foreign operations where the company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Deferred tax assets and liabilities are re-measured if tax rates change. These amounts are charged or credited to the Consolidated Income Statement or to the item <span style="font-style: italic; line-height: inherit;">O</span><span style="font-style: italic; line-height: inherit;">ther co</span><span style="font-style: italic; line-height: inherit;">mprehensive income </span>in the Consolidated Statement of Comprehensive Income, depending on the account to which the original amount was charged or credited.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory', window );">Description of accounting policy for employee benefits [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">P</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Employee benefits</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 22.5pt; text-indent: -22.5pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(1)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;">Short-term obligations</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Liabilities for wages and salaries are recognized in respect of employees&#8217; services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 22.5pt; break-after: avoid; break-inside: avoid; text-indent: -22.5pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(2)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;">Post</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">-</span><span style="font-style: italic; font-weight: bold; line-height: inherit;">employment benefits</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company has defined benefit and defined contribution plans. A defined benefit plan is a pension plan that defines an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The liability recognized in the statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets, if any. The defined benefit obligation is calculated annually (at year end) by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash flows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension obligation. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in <span style="font-style: italic; line-height: inherit;">Other comprehensive income</span> in the period in which they arise. Past-service costs are recognized immediately in the Income Statement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">For defined benefit funded plans, net interest income / expense is calculated based on the surplus or deficit derived by the difference between the defined benefit obligations less fair value of plan assets. For defined contribution plans, the Company pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expenses when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tenaris sponsors funded and unfunded defined benefit pension plans in certain subsidiaries. The most significant are: </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">An unfunded defined benefit employee retirement plan for certain senior officers. The plan is designed to provide certain benefits to those officers (additional to those contemplated under applicable labor laws) in case of termination of the employment relationship due to certain specified events, including retirement. This unfunded plan provides defined benefits based on years of service and final average salary. 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This provision is primarily related to the liability accrued for employees at<span style="line-height: inherit;">&#160;</span>Tenaris&#8217;s<span style="line-height: inherit;">&#160;</span>Italian subsidiary. As from January 1, 2007 as a consequence of a change in an Italian law, employees were entitled to make contributions to external funds, thus,<span style="line-height: inherit;">&#160;</span>Tenaris&#8217;s<span style="line-height: inherit;">&#160;</span>Italian subsidiary pays every year the required contribution to the funds with no further obligation. As a result, the plan changed from a defined benefit plan to a defined contribution plan effective from that date, but only limited to the contributions of 2007 onwards. 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Plan assets consist primarily of investments in debt and equity instruments. Both plans were replaced for defined contribution plans. Effective June 2016 the salary plan was frozen for the purposes of credited service as well as determination of final average pay. 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The value of each of these units is based on Tenaris&#8217;s shareholders&#8217; equity (excluding non-controlling interest). Until the end of 2017, the units were vested ratably over a period of four years&#160;and were mandatorily redeemed by the Company ten years&#160;after grant date, with the option of an early redemption at seven years&#160;after the grant date. 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Tenaris valued this long-term incentive program as a long-term benefit plan as classified in IAS 19, &#8220;Employee Benefits&#8221;.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">As of December 31, 2022 and 2021, the outstanding liability corresponding to the Program amounts to $94.4 million and $84.2 million, respectively. The total value of the units granted (vested and unvested) to date under the program, considering the number of units and the book value per share as of December 31, 2022 and 2021, is $123.9 million and $99.6 million, respectively.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-indent: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(4)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;">Termination benefits</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Termination benefits are payable when employment is terminated by Tenaris before the normal retirement date, or when an employee accepts voluntary redundancy in exchange for these benefits. Tenaris recognizes termination benefits at the earlier of the following dates: (a) when it can no longer withdraw the offer of those benefits; and (b) when the costs for a restructuring that is within the scope of IAS 37 involves the payment of terminations benefits. In the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; break-after: avoid; break-inside: avoid; text-indent: -36pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"><span style="font-style: italic; font-weight: bold; line-height: inherit;">(5)</span><span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;">Other compensation obligations</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Employee entitlements to annual leave, long-service leave, sick leave and other bonuses and compensations obligations are accrued as earned.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Compensation to employees in the event of dismissal is charged to income in the year in which it becomes payable.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory', window );">Description of accounting policy for provisions [text block]</a></td>
<td class="text"><div style="border-left: none; border-right: none;"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">Q</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Provisions </span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Tenaris is subject to various claims, lawsuits and other legal proceedings, including customer claims, in which a third party is seeking payment for alleged damages, reimbursement for losses or indemnity. Tenaris&#8217;s potential liability with respect to such claims, lawsuits and other legal proceedings cannot be estimated with certainty. Management periodically reviews the status of each significant matter and assesses potential financial exposure. If, as a result of past events, a potential loss from a claim or proceeding is considered probable and the amount can be reliably estimated, a provision is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements, and take into consideration Tenaris&#8217;s litigation and settlement strategies. These estimates are primarily constructed with the assistance of legal counsel. As the scope of liabilities become better defined, there may be changes in the estimates of future costs which could have a material adverse effect on its results of operations, financial condition and cash flows. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">If Tenaris expects to be reimbursed for an accrued expense, as would be the case for an expense or loss covered under an insurance contract, and reimbursement is considered virtually certain, the expected reimbursement is recognized as a receivable.</span></p></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div><div style="border-left: none; border-right: none;"/></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">This note should be read in conjunction with note 26 to these Consolidated Financial Statements.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory', window );">Description of accounting policy for trade and other payables [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">R</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Trade and other payables </span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Trade and other payables are recognized initially at fair value, generally the nominal invoice amount and subsequently measured at amortized cost. They are presented as current liabilities unless payment is not due within twelve months after the reporting period. Due to the short-term nature their carrying amounts are considered to be the same as their fair value.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue', window );">Description of accounting policy for recognition of revenue [text block]</a></td>
<td class="text"><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">S</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Revenue recognition </span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Revenue comprises the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of Tenaris&#8217;s activities. The revenue recognized by the Company is measured at the transaction price of the consideration received or receivable to which the Company is entitled to, reduced by estimated returns and other customer credits, such as discounts and volume rebates, based on the expected value to be realized and after eliminating sales within the group. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Revenue is recognized at a point in time or over time from sales when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer. The control is transferred upon delivery. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred and either the customer has accepted the product in accordance with the sales contract, the acceptance provisions have lapsed or the Company has objective evidence that all criteria for acceptance have been satisfied, including all performance obligations. These conditions are determined and analyzed on a contract by contract basis to ensure that all performance obligations are fulfilled. 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As a consequence, considering that the contracts do not include any significant financing component, the Company does not adjust any of the transaction prices for the time value of money. For this reason, the Company is also applying the practical expedient not to disclose details on transaction prices allocated to the remaining performance obligations as of the end of the reporting period.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Tenaris only provides standard quality warranties assuring that the goods sold will function as expected or are fit for their intended purpose, with no incremental service to the customer. 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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory', window );">Description of accounting policy for expenses [text block]</a></td>
<td class="text"><h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">T</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Cost of sales and </span><span style="font-weight: bold; line-height: inherit;">other selling expenses</span></span></h4><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Cost of sales and other selling expenses are recognized in the Consolidated Income Statement on the accrual basis of accounting.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Commissions, freights and other selling expenses, including shipping and handling costs, are recorded in <span style="font-style: italic; line-height: inherit;">S</span><span style="font-style: italic; line-height: inherit;">elling, general and administrative expense</span><span style="font-style: italic; line-height: inherit;">s</span> in the Consolidated Income Statement.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory', window );">Description of accounting policy for earnings per share [text block]</a></td>
<td class="text"><h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">U</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">Earnings per share</span></span></h4><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Earnings per share are calculated by dividing the income attributable to the shareholders&#8217; equity by the daily weighted average number of common shares outstanding during the year. </span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">There are no dilutive potential ordinary shares.</span></p><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory', window );">Description of accounting policy for financial instruments [text block]</a></td>
<td class="text"><h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"><span style="font-weight: bold; line-height: inherit;">V</span><span style="font-weight: bold; line-height: inherit; margin-left: 46px;">F</span><span style="font-weight: bold; line-height: inherit;">inancial instruments</span></span></h4><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Non derivative financial instruments comprise investments in financial debt instruments and equity, time deposits, trade and other receivables, cash and cash equivalents, borrowings and trade and other payables.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company classifies its financial instruments according to the following measurement categories:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> those to be measured subsequently at fair value (either through OCI or through profit or loss), and</span></li><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> those to be measured at amortised cost.</span></li></ul><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The classification depends on the Company&#8217;s business model for managing the financial assets and contractual terms of the cash flows.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Financial assets are recognized on their settlement date. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expenses in profit or loss.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><div><div style="border-left: none; border-right: none;"/></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Subsequent measurement of debt instruments depends on the Company&#8217;s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Company classifies its debt instruments:</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Amortized Cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income Statement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Fair value through other comprehensive income: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets&#8217; cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the Consolidated Statement of Comprehensive Income and transferred to the Consolidated Income Statement when the financial asset is sold.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Fair value through profit and loss: Assets that do not meet the criteria for amortized cost or FVOCI. Changes in fair value of financial instruments at FVPL are immediately recognized in the Consolidated Income Statement.</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Equity instruments are subsequently measured at fair value.&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Accounting for derivative financial instruments and hedging activities is included within the section III, Financial Risk Management.&#160;</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for borrowings. [Refer: Borrowings]
Effective 2023-01-01: The description of the entity's material accounting policy information for borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for earnings per share.
Effective 2023-01-01: The description of the entity's material accounting policy information for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for employee benefits. Employee benefits are all forms of consideration given by an entity in exchange for services rendered by employees or for the termination of employment.
Effective 2023-01-01: The description of the entity's material accounting policy information for employee benefits. Employee benefits are all forms of consideration given by an entity in exchange for services rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for expenses.
Effective 2023-01-01: The description of the entity's material accounting policy information for expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for financial instruments. [Refer: Financial instruments, class [member]]
Effective 2023-01-01: The description of the entity's material accounting policy information for financial instruments. [Refer: Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory</td>
</tr>
<tr>
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</tr>
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<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for foreign currency translation.
Effective 2023-01-01: The description of the entity's material accounting policy information for foreign currency translation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for the impairment of non-financial assets. [Refer: Financial assets]
Effective 2023-01-01: The description of the entity's material accounting policy information for the impairment of non-financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for income tax.
Effective 2023-01-01: The description of the entity's material accounting policy information for income tax.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for intangible assets and goodwill. [Refer: Intangible assets and goodwill]
Effective 2023-01-01: The description of the entity's material accounting policy information for intangible assets and goodwill. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for investment in associates and joint ventures. [Refer: Associates [member]; Joint ventures [member]]
Effective 2023-01-01: The description of the entity's material accounting policy information for investment in associates and joint ventures. [Refer: Associates [member]; Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for investments other than investments accounted for using the equity method. [Refer: Investments accounted for using equity method; Investments other than investments accounted for using equity method]
Effective 2023-01-01: The description of the entity's material accounting policy information for investments other than investments accounted for using the equity method. [Refer: Investments accounted for using equity method; Investments other than investments accounted for using equity method]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for issued capital. [Refer: Issued capital]
Effective 2023-01-01: The description of the entity's material accounting policy information for issued capital. [Refer: Issued capital]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for leases. A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time.
Effective 2023-01-01: The description of the entity's material accounting policy information for leases. A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for measuring inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2022-03-24<br> -Paragraph 36<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_36_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for property, plant and equipment. [Refer: Property, plant and equipment]
Effective 2023-01-01: The description of the entity's material accounting policy information for property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for provisions. [Refer: Provisions]
Effective 2023-01-01: The description of the entity's material accounting policy information for provisions. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for recognising revenue. [Refer: Revenue]
Effective 2023-01-01: The description of the entity's material accounting policy information for recognising revenue. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
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<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for segment reporting.
Effective 2023-01-01: The description of the entity's material accounting policy information for segment reporting.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for trade and other payables. [Refer: Trade and other payables]
Effective 2023-01-01: The description of the entity's material accounting policy information for trade and other payables. [Refer: Trade and other payables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The description of the entity's accounting policy for trade and other receivables. [Refer: Trade and other receivables]
Effective 2023-01-01: The description of the entity's material accounting policy information for trade and other receivables. [Refer: Trade and other receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Effective 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 117<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_117_b&amp;doctype=Standard&amp;forcepdf=true<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy used to determine the components of cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 46<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_46&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for basis of presentation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578365440">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>II. Accounting Policies (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock', window );">Disclosure of detailed information about the estimated useful lives of property, plant and equipment [text block]</a></td>
<td class="text"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 64px;" width="100%"><tbody><tr style="height: 16px; background-color: #ffffff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> Land </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> No Depreciation </span></p></td></tr><tr style="height: 16px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Buildings and improvements&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">30-50 years </span></p></td></tr><tr style="height: 16px; background-color: #ffffff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Plant and production equipment&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"><p style="line-height: 12pt; margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">10-40 years </span></p></td></tr><tr style="height: 16px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> Vehicles, furniture and fixtures, and other equipment </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"><p style="line-height: 12pt; margin: 0pt 0pt 0pt 1.4pt; text-indent: -1.4pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">4-10 years </span></p></td></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about the estimated useful lives of property, plant and equipment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<td style="white-space:nowrap;">ts_DisclosureOfSummaryOfSignificantAccountingPoliciesAbstract</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576074544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>III. Financial Risk Management (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsAbstract', window );"><strong>Disclosure of detailed information about financial instruments [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory', window );">Disclosure of effect of changes in foreign exchange rates [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 102px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> All amounts Long / (Short) in thousands of U.S. dollars </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Currency Exposure / Functional currency </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 76%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Argentine Peso / U.S. dollar </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (126,739</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (95,073</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Euro / U.S. dollar </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (42,458</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">12,462</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Saudi Arabian Riyal / U.S. dollar </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (74,183</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (77,853</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> U.S. dollar / Brazilian Real </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (94,856</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (32,738</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr></tbody></table><span></span>
</td>
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<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsByTypeOfInterestRateExplanatory', window );">Disclosure of financial instruments by type of interest rate [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 83px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> % </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> % </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 56%;"><p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Fixed rate <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">497,889</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">68</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">187,036</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">57</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Variable rate </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">230,873</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">143,897</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">43</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory', window );">Disclosure of fair value of financial instruments [text block]</a></td>
<td class="text"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 424px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; border-color: #000000; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 13px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 23px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Carrying amount </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Measurement Categories </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVPL </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 1</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 2</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 3</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 22%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,091,527</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">668,668</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">422,859</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">422,859</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">438,448</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">196,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">182,988</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">59,308</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">242,296</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt 0pt 0pt 8.7pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">196,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">196,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Certificates of deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">36,167</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">36,167</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commercial papers </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">19,785</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19,785</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other notes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">140,200</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">140,200</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 16px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">211,953</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">182,988</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">28,965</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">211,953</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-U.S. government securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">108,310</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">79,345</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,965</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">108,310</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Corporates securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">103,643</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,643</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,643</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Mutual Fund </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">30,343</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,343</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,343</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">119,902</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">2,493,940</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">2,493,940</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Receivables C and NC <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">395,531</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">105,397</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">154,056</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">105,397</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables (non-financial) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">241,475</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">3,464,157</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">345,221</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">519,300</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">778,729</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">54,987</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,179,457</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,179,457</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">112,177</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">112,177</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,020,396</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"><span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><sup>(*)</sup></span><span> Includes balances related to interest in Venezuelan companies. See note <span style="border-left: none; border-right: none; line-height: inherit;">34</span> to these Consolidated Financial Statements.</span></span></p><div style="line-height: 1.2;"/><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 452px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Carrying amount </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Measurement Categories </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> FVPL </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 1</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 2</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Level 3</span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px; width: 22%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">318,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">212,430</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">105,697</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">105,697</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">397,849</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">239,742</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff; margin-left: 0.1px;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">239,742</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">239,742</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Certificates of deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">94,414</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">94,414</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Commercial papers </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">30,062</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,062</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other notes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">115,266</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">115,266</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-U.S. government securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">10,660</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,660</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">10,660</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Corporates securities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">147,447</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,447</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">147,447</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">320,254</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,299,072</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">1,299,072</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Receivables C and NC <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">302,164</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">85,220</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">133,879</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">85,220</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other receivables (non-financial) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;">168,285</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,836,464</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">519,385</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">124,647</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">576,423</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">56,294</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Liabilities&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">845,256</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">845,256</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">117,285</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">117,285</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,293,474</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"><span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"><span style="line-height: inherit;"><sup>(*)</sup></span><span>Includes balances related to interest in Venezuelan companies. See note <span style="border-left: none; border-right: none; line-height: inherit;">34</span> to these Consolidated Financial Statements.</span></span></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementExplanatory', window );">Disclosure of fair value measurement [text block]</a></td>
<td class="text"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 102px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,294</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">56,319</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (Decrease) / increase </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,126</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">219</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment and others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (181</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (244</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">54,987</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">56,294</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the effect of changes in foreign exchange rates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2022-03-24<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=21&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IAS21_g51-57__IAS21_g51-57_TI<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for fair value measurement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Section Disclosure<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;doctype=Standard&amp;dita_xref=IFRS13_g91-99__IFRS13_g91-99_TI<br> -URIDate 2022-03-24<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the fair value of financial instruments. [Refer: Financial instruments, class [member]; At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of financial instruments by type of interest rate. [Refer: Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 39<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_39&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611665648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Segment Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsAbstract', window );"><strong>Disclosure of operating segments [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsExplanatory', window );">Disclosure of operating segments [text block]</a></td>
<td class="text"><div><table cellpadding="0" style="height: 238px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100.002%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Tubes </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Management view - operating income </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,772</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">75</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,847</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Difference in cost of sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">44</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in depreciation and amortization </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in selling, general and administrative expenses </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in other operating income (expenses), net </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">74</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - operating income </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,963</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Financial income (expense), net </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,957</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">209</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">3,166</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - Net Sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">11,133</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">630</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">11,763</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">588</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">20</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">608</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0pt; text-align: justify;"><span style="color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></span></p><div id="t_ft_NSKWDQVLTS00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Tubes </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Management view - operating income </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">178</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">65</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">243</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Difference in cost of sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">473</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in depreciation and amortization </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in other operating income (expenses), net </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (8</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - operating income </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">708</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Financial income (expense), net </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">23</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">731</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">513</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Income before income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">1,243</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr><td style="vertical-align: bottom; padding: 0px 0px 0px 7px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"><br/></td><td style="vertical-align: bottom; white-space: nowrap;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - Net Sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,994</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">528</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">6,521</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">575</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">20</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">595</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0pt; text-align: justify;"><span style="color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></span></p><div id="t_ft_LAA2DWAXMO00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2020 </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Tubes </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Other </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Management view - operating (loss) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (277</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (50</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (327</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Difference in cost of sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (134</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in depreciation and amortization </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in selling, general and administrative expenses </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (2</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Differences in other operating income (expenses), net </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><br/></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (200</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - operating (loss) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">&#160;</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><br/></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (663</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Financial income (expense), net </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (65</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> (Loss) before equity in earnings of non-consolidated companies and income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (728</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">109</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> (Loss) before income tax </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (619</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> IFRS - Net Sales </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,844</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">303</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,147</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">661</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;">18</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">679</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasExplanatory', window );">Disclosure of geographical areas [text block]</a></td>
<td class="text"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 430px;" width="100%"><tbody><tr style="height: 22px;"><td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; height: 22px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> North America </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> South America </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Europe </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 10.3076%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Middle East &amp; Africa </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Asia Pacific </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="font-weight: bold; margin: 0pt; line-height: inherit;">Unallocated </span><sup><span style="font-weight: bold; vertical-align: super; margin: 0pt; line-height: inherit;">(*)</span></sup></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; width: 29.3433%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net sales </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">6,902,787</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,550,402</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,000,833</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,031,106</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">277,398</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">11,762,526</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Total assets </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">9,018,386</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,896,403</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">2,071,624</span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">739,579</span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">283,608</span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">1,540,646</span></span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">17,550,246</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Trade receivables </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,371,717</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">583,223</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">202,753</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">249,637</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">86,610</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,493,940</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Property, plant and equipment, net </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,548,844</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,031,423</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">706,539</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">189,701</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">79,756</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">5,556,263</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Capital expenditures </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">118,644</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">176,448</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">62,143</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,813</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">18,398</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">378,446</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">348,550</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">125,324</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">76,631</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">37,612</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">19,606</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">607,723</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net sales </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,360,345</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,311,279</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">742,463</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">857,120</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">250,000</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">6,521,207</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Total assets </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">7,992,946</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,399,448</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,727,573</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">581,204</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">364,486</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,383,774</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">14,449,431</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Trade receivables </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">652,483</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">234,800</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">180,515</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">146,125</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">85,149</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,299,072</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Property, plant and equipment, net </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,805,912</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">984,413</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">742,461</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">221,859</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">70,156</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">5,824,801</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Capital expenditures </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">106,118</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">63,723</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">43,344</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">6,689</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">19,644</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">239,518</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">307,116</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">125,781</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">89,667</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">41,528</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">30,629</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">594,721</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2020 </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net sales </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,179,949</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">776,235</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">642,793</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,227,532</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">320,225</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">5,146,734</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Total assets </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,071,574</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,868,458</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,461,738</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">804,559</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">552,508</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">957,352</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">13,716,189</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Trade receivables </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">411,692</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">115,972</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">139,427</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">210,194</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">90,863</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">968,148</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Property, plant and equipment, net </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,971,101</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,050,619</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">823,057</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">242,939</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">105,465</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">6,193,181</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Capital expenditures </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">71,531</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">63,111</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">39,691</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">10,452</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,537</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">193,322</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation and amortization </span></p></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">408,546</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">106,827</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">84,518</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">44,259</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">34,656</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">678,806</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"><br/></td></tr></tbody></table><span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SegmentRevenuesByMarketExplanatory', window );">Segment revenues by market [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 85px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Revenues Tubes </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><div id="fs_70W1P6SE4000000000000000000000B"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"><span style="line-height: inherit;">2022</span></span></p></div></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2020</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Oil &amp; Gas </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 9,543</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,895</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,022</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Oil &amp; Gas processing plants </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 738</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 459</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 407</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Industrial, Power and Others </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 852</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 640</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 415</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Total </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">11,133</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,994</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,844</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of geographical information.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of operating segments. [Refer: Operating segments [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Text block disclosure of segment revenues by market.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611800912">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 2 - Cost of Sales (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCostOfSalesAbstract', window );"><strong>Disclosure of Cost of Sales [Abstract]</strong></a></td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutCostOfSalesTextBlock', window );">Disclosure of detailed information about cost of sales [text block]</a></td>
<td class="text"><div id="t_ft_B0E7ZD8XGW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 317px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"> Year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2022</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2021</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2020</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Inventories at the beginning of the year&#160;</span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,672,593</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">1,636,673</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2,265,880</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 65%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Increase in inventory due to business combinations </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">199,589</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Decrease in inventory due to sale of subsidiaries </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (10,662</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Plus: Charges of the year </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Raw materials, energy, consumables and other </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">5,772,031</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">3,841,551</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,545,688</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Services and fees </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">293,490</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">208,472</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">154,976</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;">Labor cost&#160;<span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span>&#160;</span></p></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,160,085</span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">824,071</span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">757,359</span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation of property, plant and equipment </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">465,849</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">448,843</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">503,725</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Amortization of intangible assets </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">11,754</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">7,645</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,121</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation of right-of-use assets </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">33,244</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">35,910</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">40,127</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Maintenance expenses </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">267,294</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">129,350</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">107,764</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Allowance for obsolescence </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">24,901</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">23,296</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">35,809</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Taxes </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">194,736</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">40,887</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">45,162</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Other </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">178,691</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">98,159</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">59,790</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,402,075</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,647,522</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">3,458,110</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Less: Inventories at the end of the year </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (3,986,929</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (2,672,593</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (1,636,673</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 18px; background-color: #cceeff;"><td style="height: 18px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">7,087,739</span></p></td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,611,602</span></p></td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,087,317</span></p></td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">(*)</span>&#160;</span></sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;">&#160;For the </span><span style="font-weight: normal; line-height: inherit;">year</span><span style="font-weight: normal; line-height: inherit;"> ended December 202</span><span style="font-weight: normal; line-height: inherit;">2</span><span style="font-weight: normal; line-height: inherit;">, 202</span><span style="font-weight: normal; line-height: inherit;">1</span><span style="font-weight: normal; line-height: inherit;"> and 20</span><span style="font-weight: normal; line-height: inherit;">20</span><span style="font-weight: normal; line-height: inherit;">, labor cost includes approximately </span><span style="font-weight: normal; line-height: inherit;">$</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">17.8</span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million, </span><span style="font-weight: normal; line-height: inherit;">$</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">12.8</span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million</span><span style="font-weight: normal; line-height: inherit;"> and</span><span style="font-weight: normal; line-height: inherit;"> $</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">81.3</span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million respectively of severance indemnities related to the adjustment of the workforce to market conditions.</span></span></span></span></span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about cost of sales.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578896256">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 3 - Selling, General and Administrative Expenses (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpenseAbstract', window );"><strong>Selling, general and administrative expense [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock', window );">Disclosure of detailed information about selling, general and administrative expenses [text block]</a></td>
<td class="text"><div id="t_ft_HRXKC3PZI800000000000000000000b"><table border="0" cellpadding="0" style="width: 100%; border-collapse: collapse; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt; height: 22px;" width="100%"><tbody><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td colspan="7" style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">Year ended December 31,</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">2022</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">2021</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"><p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><b><span style="line-height: inherit;">2020</span></b></span></p></td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; width: 64%; background-color: #cceeff;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Services and fees </span></p></td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">148,331</span></p></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">115,303</span></p></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">115,883</span></p></td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">Labor cost <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">518,500</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">426,414</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">444,436</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Depreciation of property, plant and equipment&#160;</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">21,883</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">22,924</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">26,814</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Amortization of intangible assets </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">59,018</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">63,874</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">82,355</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="top"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Depreciation of right-of-use assets </span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">15,975</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">15,525</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">17,664</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Commissions, freight and other selling expenses </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">641,812</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">415,895</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">310,815</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Provisions for contingencies </span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">20,606</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">24,998</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">11,957</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Allowances for doubtful accounts </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> (223</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> (4,297</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">4,644</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Taxes </span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">121,410</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">78,800</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">63,234</span></p></td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"><br/></td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"><p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"> Other </span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">87,263</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">47,133</span></p></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"><br/></td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;">41,425</span></p></td><td style="padding: 0cm 5.4pt; height: 1px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom"/><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td><td style="border-left: none; border-right: none; background: #cceeff; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><b><span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">1,634,575</span></b></p></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><b><span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">1,206,569</span></b></p></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"><br/></td><td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"><p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><b><span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;">1,119,227</span></b></p></td><td style="border-left: none; border-right: none; padding: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 12pt; margin: 0pt; text-align: justify; font-size: 9pt;"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9pt; color: #000000; line-height: inherit;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; line-height: inherit;">(*)</span></sup></span><span><span style="font-family: 'times new roman', times; line-height: inherit;">For the year ended December 2022, 2021</span> and <span style="border-left: none; border-right: none; line-height: inherit;">2020</span>, labor cost includes approximately $<span style="border-left: none; border-right: none; line-height: inherit;">11.2</span> million, $<span style="border-left: none; border-right: none; line-height: inherit;">15.8</span> million and $<span style="border-left: none; border-right: none; line-height: inherit;">61.2</span> million respectively of severance indemnities related to the adjustment of the workforce to market conditions.</span></span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576152016">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 4 - Labor costs (included in Cost of sales and in Selling, general and administrative expenses) (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="text"><div id="t_ft_R3J9P88EJ400000000000000000000b"><table cellpadding="0" style="height: 129px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000;"> Year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2022</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2020</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Wages, salaries and social security costs </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,594,200</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,170,562</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,036,211</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Severance indemnities </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">29,070</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">28,625</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">142,458</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Defined contribution plans </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">13,256</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">12,608</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">12,442</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Pension benefits - defined benefit plans </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">16,320</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">13,353</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">11,097</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Employee retention and long-term incentive program </span></p></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">25,739</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">25,337</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> (413</span></p></td><td align="left" style="height: 10px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">1,678,585</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">1,250,485</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">1,201,795</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td></tr></tbody></table></div><span></span>
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<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory', window );">Disclosure of information about employees [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 222px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 18px;"><td style="height: 18px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2022</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2020</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Argentina </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">6,444</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,169</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">4,376</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Mexico </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,919</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,474</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">4,501</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> USA </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">3,509</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">2,684</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,596</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Italy </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">2,136</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">2,011</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">2,039</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Romania </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,847</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,725</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,552</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Brazil </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,460</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,817</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,360</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Colombia </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,183</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,009</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">746</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Canada </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">944</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">758</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">561</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Indonesia </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">495</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">506</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">521</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Japan </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">11</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">379</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">399</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Other </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,344</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,244</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,377</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">25,292</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">22,776</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">19,028</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of information about employees.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutEmployeesExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about labor costs.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610982048">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 6 - Other operating income and expenses (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfOtherOperatingIncomeExpenseAbstract', window );"><strong>Disclosure of other operating income expense [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock', window );">Disclosure of detailed information about other operating income and expenses [text block]</a></td>
<td class="text"><div id="t_ft_064N9BOQOG00000000000000000000b"><table cellpadding="0" style="height: 275px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td colspan="7" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 34.0267%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000;"> Year ended December 31, </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 20px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2022</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2021</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">2020</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; width: 64.9331%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000;"> Other operating income </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Net income from other sales </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">28,161</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">10,694</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">9,891</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Net rents </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,084</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,314</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">5,501</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Reclassification of currency translation adjustment reserve <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">71,252</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Tax recovery in Brazilian subsidiaries <span style="font-size: 8pt;"><sup>(**)</sup></span>&#160;</span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">35,568</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">8,164</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Other <span style="font-size: 8pt;"><sup>(***)</sup></span></span></p></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">16,290</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">9,837</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Recovery on allowance for doubtful receivables </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">379</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">104,497</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">68,245</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">33,393</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000;"> Other operating expenses </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Contributions to welfare projects and non-profit organizations </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">13,668</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">6,697</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">12,989</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;">Securities Exchange Commission investigation settlement <span style="font-size: 8pt;"><sup>(****)</sup></span></span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">78,100</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Allowance for doubtful receivables </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">346</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">1,263</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"><br/></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"><p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"> Other</span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;">12,595</span></p></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">104,709</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">6,697</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;">14,252</span></p></td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; color: #000000;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup>(*)</sup>&#160;<span>During <span style="border-left: none; border-right: none; line-height: inherit;">2022</span>, as result of NKKTubes&#8217; definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see note <span style="border-left: none; border-right: none; line-height: inherit;">35</span> &#8220;Other Relevant Information <span style="font-style: italic; line-height: inherit;">&#8211;</span><span style="font-style: italic; line-height: inherit;">A</span><span style="font-style: italic; line-height: inherit;">greement to terminate NKKTubes joint venture</span><span style="font-style: italic; line-height: inherit;">&#8221;</span><span style="font-style: italic; line-height: inherit;">.</span></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">(**)&#160;</span></sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span>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 $<span style="border-left: none; border-right: none; line-height: inherit;">53</span> million tax credit in Brazilian subsidiaries, out of which $<span style="border-left: none; border-right: none; line-height: inherit;">36</span> million were recognized in other operating income and $<span style="border-left: none; border-right: none; line-height: inherit;">17</span> million in financial results (impacting in Finance Income and Finance Cost). In addition the tax charge related to this gain amounted to $<span style="border-left: none; border-right: none; line-height: inherit;">12</span> million.</span></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><sup><span style="font-family: 'times new roman', times; color: #000000;"><br/></span></sup></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">(***)</span></sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">&#160;<span>On November 1, 2021 the Company transferred <span style="border-left: none; border-right: none; line-height: inherit;">100</span>% of the shares of Geneva Structural Tubes LLC (&#8220;Geneva&#8221;) to MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan for an aggregate price of $<span style="border-left: none; border-right: none; line-height: inherit;">24.3</span> million. The gain of this transaction ascended to approximately $<span style="border-left: none; border-right: none; line-height: inherit;">6.8</span> million.</span></span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><sup><br/></sup></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(****)&#160;</sup></span><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span>For more information see note <span style="border-left: none; border-right: none; line-height: inherit;">26</span> &#8220;Contingencies, commitments and restrictions to the distribution of profits - <span style="font-style: italic; line-height: inherit;">Contingencies - Petrobras-related proceedings and claims</span>&#8221;.</span></span></span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611672080">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 7 - Financial Results (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutFinancialIncomeCost', window );">Disclosure of detailed information about financial income (cost) [text block]</a></td>
<td class="text"><div id="fs_1HLCP16FWG00000000000000000000B"><div><table cellpadding="0" style="height: 206px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td colspan="8" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 37.6488%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"> Year ended December 31, </span></p></td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2022</span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2021</span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">2020</span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 61.6071%; padding: 0px 0px 0px 27px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Interest Income </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">86,112</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">38,048</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">21,625</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Net result on changes in FV of financial assets at FVPL </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6,092</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Impairment result on financial assets at FVTOCI </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (3,238</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Finance Income&#160;<span style="font-size: 8pt;"><sup>(*)</sup></span></span></span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">80,020</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">38,048</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">18,387</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Finance cost </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (45,940</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (23,677</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (27,014</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Net foreign exchange transactions results <span style="font-size: 8pt;"><sup>(**)</sup></span></span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">15,654</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">17,287</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (74,422</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Foreign exchange derivatives contracts results<span style="font-size: 9pt;"><sup>(***)</sup></span></span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (25,666</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (7,966</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">19,644</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Other <span style="font-size: 8pt;"><sup>(****)</sup></span></span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (30,108</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,026</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,590</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Other financial results</span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (40,120</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,295</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (56,368</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Net financial results </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (6,040</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">22,666</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> (64,995</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;">(*)&#160;</span></sup><span><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Finance Income: </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span>, <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">33</span></span> million, $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">3.3</span></span> million and $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6.5</span></span> million of interest related to instruments carried at FVPL, respectively. </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> also includes a realized loss of $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">10.5</span></span> million related to the change in FV of certain financial instruments obtained in an operation of settlement of trade receivables.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> also includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">18</span></span> million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6</span></span> to these Consolidated Financial Statements.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(**)&#160;</sup></span><span><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Net foreign exchange transactions results:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> mainly includes result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar, together with the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> mainly includes the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary, together with the result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar. </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> 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. dollar, 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 reserve from our Brazilian subsidiaries. Also includes the negative result from the Mexican peso depreciation against the U.S. dollar on peso denominated trade, social, fiscal and financial positions at Mexican subsidiaries with functional currency U.S. dollar.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(***)&#160;</sup></span><span><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Foreign exchange derivatives contracts results:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> includes mainly losses on derivatives covering net liabilities in Euro and Japanese yen, partially offset by gains on derivatives covering net receivables in Brazilian real.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> includes mainly gain on derivatives covering net receivables in Mexican peso, Brazilian real and Canadian dollar and net payables in Euro.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(****)&#160;</sup></span><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><span><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Other:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> includes a loss of $<span style="border-left: none; border-right: none;">29.8</span> million related to the transfer of Argentine sovereign bonds paid as dividend in kind from an Argentinian subsidiary to its shareholders. For more information see note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">28</span></span>.</span></span></span></span></span></p></div><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about financial income (cost). [Refer: Finance income (cost)]</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615653296">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 8 - Income Tax (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract', window );"><strong>Major components of tax expense (income) [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock', window );">Disclosure of detailed information about income tax expense (benefit) [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.8235%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2020</span></span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"><p style="margin: 0pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> Current tax </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (589,706</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (215,467</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (121,048</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.951%;"><p style="margin: 0pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> Deferred tax </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"> (27,530</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">26,019</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">97,898</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"><p style="margin: 0pt;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> Tax charge </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> (617,236</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-weight: bold; font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> (189,448</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-weight: bold; font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: &quot;times new roman&quot;, times; font-size: 10pt; font-weight: bold;"> (23,150</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"><span style="font-weight: bold; font-size: 10pt;">)</span></td></tr></tbody></table><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock', window );">Disclosure of difference between income before tax and the theoretical amount that would arise using tax rate in each country [text block]</a></td>
<td class="text"><div id="t_ft_K7AC461LWG00000000000000000000b"><table cellpadding="0" style="height: 204px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.9344%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2020</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income (loss) before income tax </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,165,937</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,242,766</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (619,267</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Less impairment charges (non-deductible) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">57,075</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">622,402</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income before income tax without impairment charges </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,165,937</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,299,841</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,135</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax calculated at the tax rate in each country </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (705,727</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (209,765</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">21,052</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Effect of currency translation on tax base </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (187,186</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (76,043</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (72,936</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Changes in the tax rates </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,422</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (29,881) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (958</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"><span style="font-size: 10pt;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Utilization of previously unrecognized tax losses </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29,560</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">966</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">98</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax revaluation, withholding tax and others </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">249,539</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">125,275</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29,594</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Tax charges </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (617,236</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><span style="font-size: 10pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (189,448</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><span style="font-size: 10pt; font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (23,150</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"><span style="font-size: 10pt; font-weight: bold;">)</span></td></tr></tbody></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about income tax expense (benefit).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about the differences between income before tax and the theoretical amount that would arise using the tax rate in each country.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610784368">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 10 - Property, Plant and Equipment, Net (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract', window );"><strong>Disclosure of detailed information about property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory', window );">Disclosure of detailed information about property, plant and equipment [text block]</a></td>
<td class="text"><div id="t_ft_KFJPHC1LE800000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 309px;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Land and </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">civil </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Industrial </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings, </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">plant&#160;</span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">and</span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">production </span></p><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">equipment </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Vehicles, </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">furniture </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and fixtures </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Work in </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">progress </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Spare parts </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and</span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> equipment </span></p></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Cost </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Values at the beginning of the year </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">830,104</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">13,064,541</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">420,930</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">147,429</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">59,522</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">14,522,526</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,601</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (71,347</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,838</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">376</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (174</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (74,584</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">187</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">187</span></span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Additions </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,271</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">734</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">334,912</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,150</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">346,067</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">9,829</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">184,915</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">16,221</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (227,153</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (16,188</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (22,569</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (322,886</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (33,562</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (3,372</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (11,972</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (394,361</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Values at the end of the year </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">815,763</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">12,857,494</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">402,485</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">252,379</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">55,526</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">14,383,647</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Depreciation and impairment </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">139,941</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,199,724</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">353,639</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">4,421</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,697,725</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (289</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (51,283</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,756</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">130</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (53,198</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation charge </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">13,577</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">432,648</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">21,022</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">20,485</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">487,732</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">75,722</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">321</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">76,043</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (2</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (21,506</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (215</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (21,723</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (955</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (321,334</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (32,485</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4,421</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (359,195</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">152,272</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,313,971</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">340,526</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">20,615</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,827,384</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> At December 31, 2022 </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">663,491</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,543,523</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">61,959</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">252,379</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">34,911</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,556,263</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="margin: 0pt 0pt 0pt 35pt; text-align: justify; text-indent: -35pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><sup>(*)</sup><span style="border-right: none; border-left: none;">Related to Parques E&#243;licos de la Buena Ventura S.A. acquisition, for more information see note </span><span style="border-left: none; border-right: none;">33</span><span style="border-right: none; border-left: none;"> to these Consolidated Financial Statements.</span></span></p><p style="margin: 0pt; line-height: 1.2;"><br/></p><div style="line-height: 1.2;"><div id="t_ft_YRR9GQAXJ400000000000000000000b"/></div><div id="t_ft_U1X18FGVAO00000000000000000000b"><table cellpadding="0" style="height: 252px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 51px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 51px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; padding: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Land and </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">civil </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Industrial </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">buildings, </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">plant </span><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">production </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">equipment </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Vehicles, furniture </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and fixtures </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Work in </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">progress </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Spare parts </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">and </span></p><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">equipment </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> Total </span></p></td><td style="white-space: nowrap; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px; background-color: #cceeff; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Cost </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Values at the beginning of the year </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">839,584</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">13,079,545</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">414,757</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">102,226</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">61,893</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">14,498,005</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (5,084</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (138,839</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (5,042</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (365</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (569</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (149,899</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Additions </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">15,238</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">1,171</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">192,470</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">4,830</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">213,717</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">2,448</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">148,037</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">17,688</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (146,752</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">21,421</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Decrease due to sale of subsidiaries<span style="font-size: 8pt;"><sup> (*)</sup></span></span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (200</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4,310</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (62</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4,572</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6,652</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (35,130</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (7,582</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (150</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6,632</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (56,146</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Values at the end of the year </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">830,104</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">13,064,541</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">420,930</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">147,429</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">59,522</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">14,522,526</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Depreciation and impairment </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">132,458</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">7,830,120</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">342,246</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">8,304,824</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Currency translation adjustment </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (1,292</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (97,236</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (4,621</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (103,149</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Depreciation charge </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">9,736</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">440,316</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">21,715</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">471,767</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">51,470</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">780</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">4,421</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;">56,671</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;">Decrease due to sale of subsidiaries <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<span style="border-left: none; border-right: none;">567</span></span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<span style="border-left: none; border-right: none;">53</span></span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"><span style="border-left: none; border-right: none;">-</span></span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (<span style="border-left: none; border-right: none;">620</span></span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> Disposals / Consumptions </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (961</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (24,379</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (6,428</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> (31,768</span></p></td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"> ) </span></p></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">139,941</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,199,724</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">353,639</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> - </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,421</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">8,697,725</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"> At December 31, 2021 </span></p></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">690,163</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">4,864,817</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">67,291</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">147,429</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">55,101</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;">5,824,801</span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"> &#160; </span></p></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"><span style="vertical-align: super; line-height: inherit;">(*)</span>&#160;Related to Geneva sale. See note 6 to these Consolidated Financial Statements.</span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611864592">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 11 - Intangible Assets, Net (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory', window );">Disclosure of reconciliation of changes in intangible assets and goodwill [text block]</a></td>
<td class="text"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 285px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2022 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Licenses, patents and trademarks <span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Customer relationships </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cost </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">650,155</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">547,527</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,468,638</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,211,151</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,877,471</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,626</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,088</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,538</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Increase due to business combinations <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(**)</span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,019</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,019</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">31,427</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">952</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">32,379</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,535</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (5,535</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disposals<span style="font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(***)</span></span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (58,947</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,507</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (449,109</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (509,563</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">614,474</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">550,991</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,469,726</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,762,042</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">5,397,233</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">599,307</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">391,223</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,383,994</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,130,771</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,505,295</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,496</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,496</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,218</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,701</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">38,853</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">70,772</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">680</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">682</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Disposals <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(***)</span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (58,912</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,507</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (449,109</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (509,528</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">561,119</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">398,417</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,384,674</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,720,515</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,064,725</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2022 </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">53,355</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">152,574</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,085,052</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">41,527</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,332,508</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(*) </span></sub><span>Includes Proprietary Technology.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(**) </span></sub><span><span style="border-right: none; border-left: none;">Related to Parques E&#243;licos de la Buena Ventura S.A. acquisition, for more information see note </span><span style="border-left: none; border-right: none;">33</span><span style="border-right: none; border-left: none;"> to these Consolidated Financial Statements.</span></span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(***) </span></sub><span>Mainly related to fully depreciated assets following the deconsolidation of a Canadian subsidiary of the Company.</span></span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 282px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2021 </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="font-weight: bold; line-height: inherit;">Licenses, patents and trademarks <span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Customer relationships </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cost </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">637,352</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">550,500</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,469,962</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,211,151</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,868,965</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,466</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (151</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,324</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,941</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22,830</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,971</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">25,801</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (2,902</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (4,637</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (7,539</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (659</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,156</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (1,815</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">650,155</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">547,527</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,468,638</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,211,151</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">5,877,471</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">577,359</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">382,531</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,383,994</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,096,025</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">4,439,909</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,014</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (6,014</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">28,072</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,701</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">34,746</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">71,519</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Impairment charge (See note 5) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">404</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">404</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (514</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (9</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (523</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">599,307</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">391,223</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,383,994</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,130,771</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,505,295</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">50,848</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">156,304</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,084,644</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">80,380</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,372,176</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sub><span style="vertical-align: super; line-height: inherit;">(*) </span></sub><span style="border-right: none; border-left: none;">Includes Proprietary Technology.</span></span></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory', window );">Disclosure of information for cash-generating units [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 136px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (all amounts in millions of U.S. dollars) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Tubes Segment </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> CGU </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hydril Acquisition </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Tamsa (Hydril and other) </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">346</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">365</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Siderca (Hydril and other) </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">265</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">93</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">358</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Hydril </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">309</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">309</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Other </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">53</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">920</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">165</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,085</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of information for cash-generating units. [Refer: Cash-generating units [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 134<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_134&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the reconciliation of changes in intangible assets and goodwill. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 118<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_118&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610961664">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Right-of-use Assets, Net and Lease Liabilities (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PresentationOfLeasesForLesseeAbstract', window );"><strong>Presentation of leases for lessee [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory', window );">Disclosure of quantitative information about right-of-use assets [text block]</a></td>
<td class="text"><div id="t_ft_4R1STZ133400000000000000000000b"><table cellpadding="0" style="height: 342px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 70px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 70px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Year ended December 31, 2022 </span></p></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Land and Civil Buildings </span></p></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; height: 70px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Industrial Buildings, Plant and Production Equipment </span></p></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Vehicles, furniture and fixtures </span></p></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Others </span></p></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Total </span></p></td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Cost </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Opening net book amount </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">46,082</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">131,816</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">20,256</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">198,154</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">52</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (414</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (417</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (779</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">15,872</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">31,778</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">7,674</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">1,182</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">56,506</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (5,166</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (1,317</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">6,483</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (13,270</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (36,186</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,705</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (53,161</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2022 </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">43,570</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">125,677</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">30,291</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">1,182</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">200,720</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Depreciation </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">24,005</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">54,727</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">10,684</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">89,416</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (9</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (139</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (251</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (399</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Depreciation charge </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">8,965</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">32,767</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">7,277</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">210</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">49,219</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,974</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">1,431</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">2,543</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Disposals </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (10,054</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (35,992</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,211</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (49,257</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">18,933</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">52,794</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">17,042</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">210</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">88,979</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2022 </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">24,637</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">72,883</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">13,249</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">972</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">111,741</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0pt;"><br/></p><div/><div id="t_ft_Q45JFIX54000000000000000000000b"><table cellpadding="0" style="height: 307px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 35px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 35px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Year ended December 31, 2021 </span></p></td><td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Land and Civil Buildings </span></p></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 10.0284%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Industrial Buildings, Plant and Production Equipment </span></p></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Vehicles, furniture and fixtures </span></p></td><td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Total </span></p></td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Cost </span></p></td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.04068%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Opening net book amount </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">41,932</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">273,358</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">18,615</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">333,905</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (187</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (592</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (560</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (1,339</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">6,010</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">10,127</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">6,189</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">22,326</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (274</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">277</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">3</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Disposals <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (1,673</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (150,803</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (4,265</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (156,741</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">46,082</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">131,816</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">20,256</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">198,154</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Depreciation </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Accumulated at the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">15,142</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">67,993</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">8,817</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">91,952</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Currency translation adjustment </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (37</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (177</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (260</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (474</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Depreciation charge </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">9,882</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">35,964</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">5,589</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">51,435</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Transfers / Reclassifications </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">96</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (93) </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">3</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Disposals <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (982</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (49,149</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,369</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (53,500</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Accumulated at the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">24,005</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">54,727</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">10,684</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">89,416</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, 2021 </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">22,077</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">77,089</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">9,572</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">108,738</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">&#160;</span></p><p style="line-height: 9pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(*)&#160;</sup></span><span><span style="border-right: none; border-left: none;">Includes net disposals of $</span><span style="border-left: none; border-right: none;">96.6</span><span style="border-right: none; border-left: none;"> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</span></span></span></p><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LeaseLiabilityEvolutionTextBlock', window );">Lease liability evolution [text block]</a></td>
<td class="text"><div id="t_ft_GQ29F57IGW00000000000000000000b"><table cellpadding="0" style="height: 153px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> &#160; </span></p></td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> &#160; </span></p></td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">2022</span></p></td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">2021</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Opening net book amount</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">117,285</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">257,343</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Translation differences </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (3,922</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (11,350</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Additions </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">56,459</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">22,261</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Cancellations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (5,207</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (103,329</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">Repayments <span style="font-size: 8pt;"><sup>(**)</sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (55,874</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> (50,998</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"><span style="color: #000000;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"> Interest accrued </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">3,436</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;">3,358</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"> At December 31, </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">112,177</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;">117,285</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt; color: #000000;">&#160;</span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(*)&#160;</sup></span><span>For <span style="border-left: none; border-right: none;">2021</span>, includes $<span style="border-left: none; border-right: none;">95.8</span> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</span></span></p><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"><span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"><sup>(**)&#160;</sup></span><span>For <span style="border-left: none; border-right: none;">2022</span> includes repayments of $<span style="border-left: none; border-right: none;">52.4</span> million in capital and $<span style="border-left: none; border-right: none;">3.5</span> million of interest, and for <span style="border-left: none; border-right: none;">2021</span> includes repayments of $<span style="border-left: none; border-right: none;">48.5</span> million in capital and $<span style="border-left: none; border-right: none;">2.5</span> million of interest.</span></span></p><span></span>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 53<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_53&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Text block disclosure for the evolution of the lease liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576176576">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 13 - Investments in Non-consolidated Companies (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesAbstract', window );"><strong>Disclosure of unconsolidated structured entities [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesExplanatory', window );">Disclosure of unconsolidated structured entities [text block]</a></td>
<td class="text"><div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_119CT6OBTC00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 139px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; width: 22.0238%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: top; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9345%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 9.97024%; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,383,774</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.97024%; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">957,352</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.4881%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Translation differences </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,336</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (11,085</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">242,743</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">512,591</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Impairment loss in non-consolidated companies <span style="font-size: 8pt;"><sup><span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></sup></span></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (34,041</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"><p style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;">)</p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1.4881%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Dividends and distributions declared <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(**)</span></span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (64,189</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> (78,926</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.4881%; margin: 0px; text-indent: 0px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Increase in equity reserves and others </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,023</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,842</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,540,646</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,383,774</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div></div><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 8pt;"><span style="vertical-align: super; line-height: inherit;">(<span style="font-size: 9pt;">*)&#160;</span></span><span><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Includes an impairment of $<span style="border-left: none; border-right: none;">19.1</span> million related to the investment in Usiminas and $14.9 million related to the joint venture with</span><span style="line-height: inherit;"> PAO</span><span style="line-height: inherit;"> Severstal</span><span style="line-height: inherit;"> (&#8220;Severstal&#8221;)</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"> For more information see note </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">6</span></span><span style="line-height: inherit;">.</span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(**)&#160;</span><span><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Related to Ternium</span><span style="line-height: inherit;"> and Usiminas</span><span style="line-height: inherit;">. During </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">202</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2</span></span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">20</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1</span></span></span><span style="line-height: inherit;"> $</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">66.2</span></span><span style="line-height: inherit;">&#160;million and</span><span style="line-height: inherit;">$</span><span style="border-left: none; border-right: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">75.9</span></span></span></span><span style="line-height: inherit;"> million</span><span style="line-height: inherit;"> respectively</span><span style="line-height: inherit;"> were collected</span><span style="line-height: inherit;">.</span></span></span></span></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock', window );">Disclosure of detailed information about principal non-consolidated companies [text block]</a></td>
<td class="text"><div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_ONKABFDIWW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 115px; text-indent: 0px;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> % ownership at December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Book value at December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Country of incorporation </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 29%; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">a) Ternium <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 30%; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Luxembourg </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11.46% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">11.46% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,363,607</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,210,206</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">b) Usiminas <span style="vertical-align: super; line-height: inherit; font-size: 8pt;">(**)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Brazil </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3.07% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3.07% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">109,534</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">103,106</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> c) Techgen </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Mexico </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22.00% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">22.00% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">41,506</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">29,397</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> d) Global Pipe Company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Saudi Arabia </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">35.00% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">35.00% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">23,022</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">21,523</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160;&#160;&#160;&#160; Others </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,977</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">19,542</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,540,646</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,383,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div></div><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(*)&#160;</span><span><span style="line-height: inherit;">Including treasury shares.</span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(**) </span>&#160;<span><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">At December 31,</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">1</span></span><span style="line-height: inherit;">the voting rights were </span><span style="border-right: none; border-left: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">5.19</span></span></span><span style="line-height: inherit;">%</span><span style="line-height: inherit;">.</span></span></span></span></span></p><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock', window );">Disclosure of detailed information about selected financial information [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 241px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Ternium </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 10%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,647,510</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,491,363</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,844,038</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,606,544</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">17,491,548</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">17,097,907</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,506,325</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,649,105</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,216,832</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,213,764</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">3,723,157</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,862,869</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total equity </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">13,768,391</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">12,235,038</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-controlling interests </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,922,434</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,700,019</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Revenues </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,414,466</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">16,090,744</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gross profit </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,927,184</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,195,674</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to owners of the parent </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,767,516</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,825,068</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.672%; height: 238px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Usiminas </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 10%; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,764,453</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,491,103</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,901,844</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">3,583,814</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,666,297</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">7,074,917</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Non-current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,671,249</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,575,321</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Current liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,033,524</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,134,663</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,704,773</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2,709,984</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total equity </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,961,524</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">4,364,933</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-controlling interests </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">523,741</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">467,551</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Revenues </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,296,964</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,269,569</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Gross profit </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,110,439</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,101,336</span></p></td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to owners of the parent </span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">319,979</span></p></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">1,687,682</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of unconsolidated structured entities. [Refer: Unconsolidated structured entities [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B4<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B4_e&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about principal non-consolidated companies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about selected financial information.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615141408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 14 - Receivables - Non Current (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentReceivablesAbstract', window );"><strong>Trade and other non-current receivables [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
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<td class="text"><div style="border-right: none; border-left: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 156px; width: 100.162%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 10pt;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 10pt;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Employee advances and loans </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11,908</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,117</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Tax credits <sup>(*)</sup></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">27,333</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">53,210</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from related parties </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">67,921</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">61,841</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Legal deposits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,394</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,041</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advances to suppliers and other advances&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">28,779</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,878</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivable Venezuelan subsidiaries </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48,659</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">17,726</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">15,142</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">211,720</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">205,888</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold;"><br/></span></p><p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><sup><span style="font-family: 'times new roman', times;">(*) </span></sup><span><span style="font-family: 'times new roman', times;">As of December 31, 2022 and 2021 respectively, included approximately $8 million and $36 million related to PIS and COFINS (Federal Social Contributions on Gross Revenues) tax recovery on Brazilian subsidiaries.</span></span></span></p><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure for detailed information about non-current receivables.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615134448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 15 - Inventories, Net (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfInventoriesAbstract', window );"><strong>Classes of current inventories [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutInventoriesTextBlock', window );">Disclosure of detailed information about inventories [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 165px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 12px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finished goods&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,592,706</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,113,011</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Goods in process </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">936,555</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">707,665</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Raw materials </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">606,977</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">358,552</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Supplies </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">542,636</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">485,815</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Goods in transit&#160;</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">530,721</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">253,324</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,209,595</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2,918,367</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowance for obsolescence, see note 24 (i) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (222,666</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (245,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,986,929</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2,672,593</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td></tr></tbody></table><span></span>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfInventoriesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about inventories.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfDetailedInformationAboutInventoriesTextBlock</td>
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<td>nonnum:textBlockItemType</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615110368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 16 - Receivables and Prepayments, Net (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract', window );"><strong>Current prepayments and current accrued income [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock', window );">Disclosure of detailed information about receivables and prepayments [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 203px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Year ended December 31, </span></p></td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="height: 16px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="white-space: nowrap; height: 16px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Prepaid expenses and other receivables&#160;</span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">47,419</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">38,080</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Government entities </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">18,121</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">2,363</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Employee advances and loans </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">10,701</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">5,974</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Advances to suppliers and other advances </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">41,549</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">17,225</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Government tax refunds on exports </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">8,898</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">8,419</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from related parties </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">19,184</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">5,919</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">41,418</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">21,502</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">187,290</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">99,482</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowance for other doubtful accounts, see note 24 (i) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (3,479</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (3,206</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">183,811</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">96,276</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615147728">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 17 - Current Tax Assets and Liabilities (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock', window );">Disclosure of detailed information about current tax assets [text block]</a></td>
<td class="text"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 97px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 12px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current tax assets&#160;</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2022</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2021</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">24,812</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">16,394</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> V.A.T. credits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">218,009</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">176,202</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other prepaid taxes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">425</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">243,136</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">193,021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock', window );">Disclosure of detailed information about tax liabilities [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 98px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current tax liabilities </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income tax liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">280,469</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">73,352</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> V.A.T. liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">17,228</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12,955</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other taxes </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">78,543</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">57,179</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">376,240</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">143,486</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about current tax assets.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about current tax liabilities.</p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611267392">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 18 - Trade Receivables, Net (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock', window );">Disclosure of detailed information about current trade receivables [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 119px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Year ended December 31, </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2022</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2021</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current accounts </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">2,479,035</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1%; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">1,313,934</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from related parties </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">60,400</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">32,258</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">2,539,435</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">1,346,192</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowance for doubtful accounts, see note 24 (i) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (45,495</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (47,120</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2,493,940</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,299,072</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock', window );">Disclosure if detailed information about the aging of trade receivables [text block]</a></td>
<td class="text"><div style="border-left: none; border-right: none;"><div style="border-right: none; border-left: none;"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 146px; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td colspan="2" rowspan="2" style="height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle"><p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"> Trade Receivables </span></p></td><td colspan="2" rowspan="2" style="border-image: initial; height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"><p style="margin: 0pt; text-align: center; line-height: 1;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"> Not Due </span></p></td><td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; width: 24.0323%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Past due </span></p></td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 51.9355%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;">1 - 180 days </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &gt; 180 days </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 51.9355%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Guaranteed </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">265,898</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">237,784</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">27,431</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">683</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Not guaranteed </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">2,273,537</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">1,756,707</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">465,423</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">51,407</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Guaranteed and not guaranteed </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2,539,435</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,994,491</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">492,854</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">52,090</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Expected loss rate </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.06</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.03</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.18</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.77</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowances for doubtful accounts </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (1,657</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (654</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (920</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (83</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Nominative allowances for doubtful accounts </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (43,838</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (1,541</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (42,297</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net Value </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">2,493,940</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,993,837</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">490,393</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">9,710</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table></div></div><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td colspan="2" rowspan="2" style="height: 20px; white-space: nowrap; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> Trade Receivables </span></p></td><td colspan="2" rowspan="2" style="border-image: initial; height: 20px; white-space: nowrap; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> Not Due </span></p></td><td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"> Past due </span></p></td></tr><tr style="height: 10px;"><td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1 - 180 days </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &gt; 180 days </span></p></td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52%; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Guaranteed </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">195,848</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">185,238</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">9,894</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">716</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Not guaranteed </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">1,150,344</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">951,356</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">148,412</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">50,576</span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Guaranteed and not guaranteed </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,346,192</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,136,594</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">158,306</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">51,292</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Expected loss rate </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.06</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.04</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.20</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;">0.84</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> % </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Allowances for doubtful accounts </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (833</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (401</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (367</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (65</span></p></td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Nominative allowances for doubtful accounts </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (46,287</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="vertical-align: bottom; height: 17px; margin: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (1,391</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> (44,896</span></p></td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"> ) </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Net Value </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,299,072</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">1,136,193</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">156,548</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;">6,331</span></p></td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"> &#160; </span></p></td></tr></tbody></table><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665584207296">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 19 - Cash and Cash Equivalents and Other Investments (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="text"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 272px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Cash at banks </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">149,424</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">167,455</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Liquidity funds </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">422,859</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">105,697</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Short-term investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">519,244</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">44,975</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">1,091,527</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">318,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other investments - current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">196,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">239,742</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">211,953</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">158,107</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Fund investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">30,343</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">438,448</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">397,849</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other investments - non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Bonds and other fixed income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">113,574</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">312,619</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">6,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">119,902</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;">320,254</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/></tr></tbody></table><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576133168">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 20 - Borrowings (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsAbstract', window );"><strong>Borrowings [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory', window );">Disclosure of detailed information about borrowings [text block]</a></td>
<td class="text"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Non-current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">46,433</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">111,452</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Costs of issue of debt </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (20</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">46,433</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">111,432</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">682,255</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">219,566</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bank overdrafts </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">94</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">60</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Costs of issue of debt </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (20) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (125</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock', window );">Disclosure of detailed information about the maturity of borrowings [text block]</a></td>
<td class="text"><div id="t_ft_A1JT4FYE1C00000000000000000000b"><table cellpadding="0" style="height: 112px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><br/></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1 year or less </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 1 - 2 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 2 &#8211; 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Over 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="background-color: #cceeff; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At December 31, 2022</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">41,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,000</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,500</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">41,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,000</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,500</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">728,762</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Interest to be accrued <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">26,153</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">821</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">64</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">27,046</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">708,482</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">42,754</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,064</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,508</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">755,808</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</span></p><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 9pt; line-height: inherit;"><sup>(*)&#160;</sup><span>Includes the effect of hedge accounting.</span></span></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div/><div id="t_ft_3LOADGE2CW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt;"><br/></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1 year or less </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 1 - 2 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; 2 &#8211; 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Over 3 years </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">107,438</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,994</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">107,438</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,994</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">330,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Interest to be accrued <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,465</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">560</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,038</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">221,966</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">107,998</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,007</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">333,971</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-size: 9pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><sup>(*)</sup>&#160;</span><span style="font-family: 'times new roman', times; line-height: inherit;"><span><span style="line-height: inherit;">&#160;Includes the effect of hedge accounting</span><span style="line-height: inherit;">.</span></span></span></span></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock', window );">Disclosure of detailed information about significant borrowings [text block]</a></td>
<td class="text"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> In millions of U.S. dollars </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.5642%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.24275%;"><br/></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 51.1185%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Disbursement date </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 17.5642%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Borrower </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Type </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Final maturity </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Outstanding </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 1.24275%;"><br/></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tamsa </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%; background-color: #cceeff;"><br/></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Maverick </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"><br/></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: top; width: 51.1185%;" valign="top"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tubos del Caribe </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">90</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"><br/></td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2020</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tamsa </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">80</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"><br/></td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 51.1185%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Siderca </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Bilateral </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">55</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock', window );">Disclosure of detailed information about weighted average interest rates of borrowings [text block]</a></td>
<td class="text"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9.45% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2.09% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock', window );">Disclosure of detailed information about borrowings by currency and rate [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 105px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Currency </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Interest rates </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 62%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 15%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">20,000</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">99,587</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18,933</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11,845</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,500</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total non-current borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">46,433</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">111,432</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><table cellpadding="0" style="height: 187px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Currency </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Interest rates </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">200,350</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">17,015</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">206,336</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,273</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">26,829</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,706</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MXN </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">141,802</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">141,861</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> ARS </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">74,025</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,947</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Variable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">26,022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fixed </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29,964</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">22,677</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total current borrowings </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfBorrowingsEvolutionTextBlock', window );">Disclosure of borrowings evolution [text block]</a></td>
<td class="text"><div id="t_ft_6Y4VEVFR7400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 163px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Non current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Current </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">111,432</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">219,501</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (18</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (28,705</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Proceeds and repayments, net </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49,948</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">371,500</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interests accrued less payments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">158</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (115,087</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">115,087</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">138</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Overdrafts variation </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">34</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">46,433</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">682,329</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><br/></p><p style="line-height: 1.2; margin: 0pt;"><span style="font-size: 9pt;"><span style="font-family: 'Times New Roman'; line-height: inherit;"><sup>(*)</sup>&#160;</span><span style="line-height: inherit; font-family: 'times new roman', times;"><span><span style="line-height: inherit;">Related to Parques E&#243;licos de la Buena Ventura</span><span style="line-height: inherit;"> S.A.</span><span style="line-height: inherit;"> acquisition, for more information see note </span><span style="line-height: inherit;">33</span><span style="line-height: inherit;"> to these Consolidated Financial Statements.</span></span></span></span></p><span></span>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 21 - Deferred tax assets and liabilities (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock', window );">Disclosure of deferred tax assets and liabilities [text block]</a></td>
<td class="text"><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Deferred tax liabilities</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 105px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fixed assets </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Intangible assets and other </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">669,830</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">27,508</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">104,346</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">801,684</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (64</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">15</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">600</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">551</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,719</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,719</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement (credit) / charge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (94,099</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">16,009</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,877</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (70,213</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">575,667</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">43,532</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">114,542</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">733,741</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; text-indent: 0px; width: 100%; height: 131px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fixed assets </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Intangible assets and other </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 52.907%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">702,415</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.45349%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">15,255</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">125,793</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">843,463</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (461</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,059</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,520</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Decrease due to sale of subsidiaries <span style="font-size: 9pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (637</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (637</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,061</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,061</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement (credit) / charge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (31,487</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12,253</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (23,449</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (42,683</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">669,830</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">27,508</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">104,346</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">801,684</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Deferred tax assets</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; width: 100%; text-indent: 0px; height: 121px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Provisions and allowances </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Tax losses </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Other </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (25,083</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (85,037</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (485,763</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (176,627</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (772,510</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (345</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">114</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">747</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (245) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">271</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">954</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">954</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement charge / (credit) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (389</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (95,229</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">174,427</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18,934</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">97,743</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (25,817</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (180,152</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (310,589</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (156,984</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (673,542</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 129px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Provisions and allowances </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Inventories </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Tax losses </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Other </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (21,208</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (85,937</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (480,149</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (206,958</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (794,252</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">506</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">606</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">80</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,195</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,387</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Decrease due to sale of subsidiaries <span style="font-size: 9pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">93</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">104</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,587</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,587</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement charge / (credit) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,381</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">201</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,694) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">26,538</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">16,664</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (25,083</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (85,037</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (485,763</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (176,627</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (772,510</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><sup>(*)</sup><span>Related to Geneva sale. See note <span style="border-left: none; border-right: none;">6</span> to these Consolidated Financial Statements.</span></span></p><span></span>
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<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory', window );">Disclosure of temporary difference, unused tax losses and unused tax credits [text block]</a></td>
<td class="text"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 71px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax assets to be recovered after 12 months </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (171,717</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (611,552</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax liabilities to be settled after 12 months </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">688,124</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">782,128</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr></tbody></table><span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DeferredTaxTextBlock', window );">Deferred tax [text block]</a></td>
<td class="text"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 88px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 12pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (208,870</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (245,547</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deferred tax liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">269,069</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">274,721</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">60,199</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">29,174</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 136px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29,174</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49,211</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">822</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (133</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Decrease due to sale of subsidiaries </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (533</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Charged to other comprehensive income </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,673</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,648</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Income statement charge / (credit) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">27,530</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (26,019</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">60,199</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">29,174</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/></tr></tbody></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of deferred tax.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DeferredTaxTextBlock</td>
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<td>duration</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of deferred tax assets and liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611313232">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 22 - Other Liabilities (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfOtherLiabilitiesAbstract', window );"><strong>Disclosure of Other Liabilities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOtherNoncurrentLiabilitiesExplanatory', window );">Disclosure of other non-current liabilities [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 102px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Post-employment benefits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">108,936</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">111,904</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other long-term benefits </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">71,446</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">71,345</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Miscellaneous </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49,760</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48,432</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">230,142</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">231,681</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory', window );">Disclosure of net defined benefit liability (asset) [text block]</a></td>
<td class="text"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Unfunded </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">103,822</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">103,841</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Funded </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,114</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,063</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">108,936</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">111,904</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><div style="border-left: none; border-right: none;"><div id="t_ft_AP5R992TOG00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 197px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">103,841</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">115,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current service cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,810</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,728</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,610</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,997</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Curtailments and settlements </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (64</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (422</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Remeasurements&#160;<span style="font-size: 8pt;"><sup>(*)</sup></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span style="border-left: none; border-right: none;">4,228</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="border-left: none; border-right: none;">3,174</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,657</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,716</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Benefits paid from the plan </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,111</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (13,539</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassified to current liabilities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (461</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (8,884</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,082</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (271) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">103,822</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">103,841</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><sup>(*)</sup><span>For 2022 a gain of $0.1 million is attributable to demographic assumptions and a gain of $4.1 million to financial assumptions.</span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">For <span style="border-left: none; border-right: none;">2021</span> a loss of $<span style="border-left: none; border-right: none;">0.7</span> million is attributable to demographic assumptions and a loss of $<span style="border-left: none; border-right: none;">2.5</span> million to financial assumptions</span></span><span style="line-height: inherit;">.</span></span></span></p><div style="border-left: none; border-right: none;"><div id="t_ft_E14DQZZ3R400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 88px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Present value of funded obligations </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">116,617</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">159,528</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fair value of plan assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (126,842</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (160,504</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 20px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 20px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Asset <span style="font-size: 8pt;"><sup>(*)</sup></span></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<span style="border-left: none; border-right: none;">10,225</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (<span style="border-left: none; border-right: none;">976</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"><span style="border-right: none; border-left: none;"><span style="font-style: normal; line-height: inherit;"><sup>(*)</sup><span><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;">In <span style="border-left: none; border-right: none;">2022</span> and <span style="border-left: none; border-right: none;">2021</span>, $14.6 million and $9 million corresponding to plans with surplus balances that were reclassified within other non-current assets, respectively.</span></span></span></span></span></span></span></span></p><div style="border-left: none; border-right: none;"><div id="t_ft_8WCJ043U8000000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 155px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">159,528</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">176,309</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (6,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">356</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Current service cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">154</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">222</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest cost </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,293</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,190</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 19px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Remeasurements&#160;<sup>(*)</sup></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (30,349</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7,019</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Benefits paid </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (10,374</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (14,530</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">116,617</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">159,528</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;"><sup>(*)</sup><span><span style="border-right: none; border-left: none;">For <span style="border-left: none; border-right: none;">2022</span> a gain of $4.8 million is attributable to demographic assumptions and a gain of $25.6 million to financial assumptions.</span></span></span></span></span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span><span style="border-right: none; border-left: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">For <span style="border-left: none; border-right: none;">2021</span> a gain of $<span style="border-left: none; border-right: none;">0.4</span> million is attributable to demographic assumptions and a gain of $<span style="border-left: none; border-right: none;">6.6</span> million to financial assumptions.</span></span></span></p><span></span>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory', window );">Disclosure of sensitivity analysis for actuarial assumptions [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 65px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 14px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 14px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Discount rate </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4% - 7% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1% - 7% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Rate of compensation increase </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr></tbody></table><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 68px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="background-color: #cceeff; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Discount rate </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right; width: 10%; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3% - 5% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Rate of compensation increase </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">0% - 3% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory', window );">Disclosure of fair value of plan assets [text block]</a></td>
<td class="text"><div style="border-left: none; border-right: none;"><div id="t_ft_FBNFXLLVDS00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> At the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (160,504</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (157,335</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,639</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (250</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Return on plan assets </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,319</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,793</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Remeasurements </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">20,987</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (10,817</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Contributions paid to the plan </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (435</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,338</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Benefits paid from the plan </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10,374</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">14,530</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">416</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">499</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (126,842</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (160,504</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The major categories of plan assets as a percentage of total plan assets are as follows:</span></p><p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><div id="t_ft_ZXNQQ8KXK000000000000000000000b"><table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Equity instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">28.8% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49.2% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Debt instruments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">67.2% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">46.7% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4.0% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4.1% </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"/></tr></tbody></table></div></div><span></span>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOtherCurrentLiabilitiesExplanatory', window );">Disclosure of other current liabilities [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payroll and social security payable </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">224,630</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">174,794</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Miscellaneous </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">35,984</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">28,931</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">260,614</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">203,725</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/></tr></tbody></table><span></span>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the fair value of defined benefit plan assets. [Refer: Plan assets [member]; Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 142<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_142&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 145<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_145&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665643626480">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 23 - Non-current allowances and provisions (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfNonCurrentAllowancesAndProvisionsAbstract', window );"><strong>Disclosure of Non-current allowances and provisions [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock', window );">Disclosure of detailed information about non-current allowances and provisions from liabilities [text block]</a></td>
<td class="text"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">83,556</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">73,218</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">357</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,476</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Additional allowance </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11,102</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13,896</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,229</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,014</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used and other movements </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">882</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,096</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Values at the end of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">98,126</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">83,556</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about non-current allowances and provisions from liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615607408">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 24 - Current allowances and provisions (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCurrentAllowancesAndProvisionsAbstract', window );"><strong>Disclosure of Current allowances and provisions [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock', window );">Disclosure of detailed information about current allowances and provisions deducted from assets [text block]</a></td>
<td class="text"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for doubtful accounts - Trade receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for other doubtful accounts - Other receivables </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for inventory obsolescence </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (47,120</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,206</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (245,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (12</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">68</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (405</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (Additional) / reversal allowances </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">223</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (346</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (24,901</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,414</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48,414</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (45,495</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (3,479</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (222,666</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 138px;" width="100%"><tbody><tr style="height: 34px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for doubtful accounts - Trade receivables </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for other doubtful accounts - Other receivables </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Allowance for inventory obsolescence </span></p></td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (53,676</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,917</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (263,635</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">111</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">227</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,877</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Decrease due to sale of subsidiaries <span style="vertical-align: super; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">405</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (Additional) / reversal allowances </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,297</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">379</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (23,296</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,146</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">95</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">38,875</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (47,120</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (3,206</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (245,774</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(*) </span><span><span style="line-height: inherit;"><span style="line-height: inherit;">&#160;Rel</span><span style="line-height: inherit;">ated to Geneva sale. See note <span style="border-left: none; border-right: none;">6</span> to these Consolidated Financial Statements.</span></span></span></span></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsFromLiabilitiesTextBlock', window );">Disclosure of detailed information about current allowances and provisions from liabilities [text block]</a></td>
<td class="text"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 121px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 19px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Year ended December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Sales risks </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Other claims and contingencies&#160;<span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,468</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,854</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,322</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (160</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (97</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (257</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Additional provisions </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,189</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,504</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,229</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,229</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,437</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,718</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,155</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">3,186</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7,999</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11,185</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="margin: 0pt; line-height: 1.2;"><br/></p><p style="margin: 0pt; line-height: 1.2;"><br/></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 132px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Sales risks </span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Other claims and contingencies&#160;<span style="font-size: 8pt;">(*)</span></span></span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Values at the beginning of the year </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,795</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">10,484</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12,279</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Translation differences </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (736</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (739</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Additional provisions </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,506</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">7,596</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11,102</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Reclassifications </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,014</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,014</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 13px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 13px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Used </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,830</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (5,476</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (9,306</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, 2021 </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,468</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">7,854</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">9,322</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">&#160;</span></p><p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"><span style="vertical-align: super; line-height: inherit;">(*) </span><span>&#160;<span style="line-height: inherit;">Other claims and contingencies mainly include lawsuits and other legal proceedings, including employee, tax and environmental-related claims.</span></span></span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575470768">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 25 - Derivative Financial Instruments (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="text"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivatives hedging borrowings and investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,480</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,472</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other derivatives </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">24,325</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,843</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Contracts with positive fair values </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">30,805</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11,315</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Derivatives hedging borrowings and investments </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (147) </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other derivatives </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11,181</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Contracts with negative fair values </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (7,127</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (11,328</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">23,678</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (13</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory', window );">Disclosure of detailed information about hedged items [text block]</a></td>
<td class="text"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 255px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Purchase currency </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Sell currency </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Term </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.1894%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.6332%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Hedge Accounting Reserve </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MXN </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,571</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,444</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (67</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (93</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MXN </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (838</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,866</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7,670</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,786</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (7,430</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> EUR </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">20,783</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,092</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">23,935</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,258</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> JPY </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (269</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">557</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> BRL </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,490</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,030</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> KWD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (129</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> CAD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">404</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (246</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> GBP </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (11</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (55</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> CNY </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (242</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (130</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> BRL </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USD </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">223</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (238</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Others </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">63</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (40</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">27,038</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">20</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">21,085</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,292</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 12pt; text-align: justify; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8349%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Purchase Commodity </span></p></td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Term </span></p></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Fair Value </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Hedge Accounting Reserve </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.963%; background-color: #cceeff; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Houston Ship Channel Gas </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (814</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (33</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.48148%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (814</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (33</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> LME Scrap </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">29</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (3,148</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 42.963%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Iron Ore </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,274</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Electric Energy </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (519</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (519</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TTF Gas </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2023</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,068</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,207</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (3,360</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (33</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (7,963</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (33</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td></tr></tbody></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationOfTheHedgeReserveEvolutionTextBlock', window );">Disclosure of detailed information of the hedge reserve evolution [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 68px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity Reserve </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dec-2020</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Movements 2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity Reserve </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dec-2021</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Movements 2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Equity Reserve </span><br/><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">Dec-2022</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Foreign Exchange &amp; Commodities </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (4,771</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,030</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,259</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11,863</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13,122</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total Cash flow Hedge </span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (4,771</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">6,030</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,259</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">11,863</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">13,122</span></p></td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about hedged items. [Refer: Hedged items [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 24B<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24B&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialInstrumentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialInstrumentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about derivative financial instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ts_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information of the hedge reserve evolution.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665635327888">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 29 - Cash Flow Disclosures (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCashFlowAbstract', window );"><strong>Disclosure of Cash Flow [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock', window );">Disclosure of detailed information about cash flow disclosures [text block]</a></td>
<td class="text"><div id="t_ft_IA54ID5RCG00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 325px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (i) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Changes in working capital </span><span style="font-weight: bold; vertical-align: super; font-size: 8pt;">(*)</span></span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Inventories </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,329,865</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,085,024</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">818,913</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables and prepayments and current tax assets </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (155,449</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (79,912</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">67,610</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade receivables </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,208,278</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (356,069</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">414,826</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Other liabilities </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">57,389</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,892</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (36,000</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Customer advances </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">151,066</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">44,661</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (29,253</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Trade payables </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">353,892</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">399,988</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (180,807</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (2,131,245</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (1,071,464</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,055,289</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (ii) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Income tax accruals less payments </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 6%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 61%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax accrued </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 10%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">617,236</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">189,448</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">23,150</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Taxes paid </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (359,585</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (153,846</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (140,364</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">257,651</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">35,602</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (117,214</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (iii) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Interest accruals less payments, net </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest accrued </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (34,080</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (14,371</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">8,627</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest received </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">68,335</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">24,567</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">19,613</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest paid </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (32,775</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (21,559</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (28,778</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">1,480</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (11,363</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (538</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 9pt;">&#160;</span></p><p style="line-height: 10pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><span style="vertical-align: super;">(*) </span><span><span style="border-right: none; border-left: none;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar.</span></span></span></p><span></span>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615572176">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 30 - Related Party Transactions (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract', window );"><strong>Disclosure of transactions between related parties [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory', window );">Disclosure of transactions between related parties [text block]</a></td>
<td class="text"><div id="t_ft_IWTPTYPKWW00000000000000000000b"><table cellpadding="0" style="height: 238px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (i) </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Transactions </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (a) Sales of goods and services </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of goods to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100,019</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">71,879</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">20,183</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of goods to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">151,884</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">76,467</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18,243</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of services to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,407</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">4,161</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,829</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Sales of services to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">109,123</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49,268</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,049</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">366,433</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">201,775</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">49,304</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (b) Purchases of goods and services </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 6%;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62.5%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of goods to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">656,877</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">294,929</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">84,485</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of goods to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">51,040</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">32,453</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">12,892</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of services to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13,759</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">9,763</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">6,979</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Purchases of services to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">36,767</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">13,806</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18,133</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">758,443</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">350,951</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">122,489</span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">&#160;</span></p><div id="t_ft_T893XNVSR400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="4" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 22.2017%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> At December 31, </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (ii) </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Period-end balances </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (a) Arising from sales / purchases of goods / services </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">69,135</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">66,896</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Receivables from other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">78,370</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">33,122</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payables to non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (142,228</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (45,092</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Payables to other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (13,283</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (2,125</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (8,006</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">52,801</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (b) Financial debt </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance lease liabilities from non-consolidated parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,650</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,936</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finance lease liabilities from other related parties </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (483</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (624</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (2,133</span></p></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (2,560</span></p></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table></div><span></span>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 18<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_18&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665584141952">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 31 - Principal accountant fees (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationAbstract', window );"><strong>Auditor's remuneration [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory', window );">Disclosure of auditors' remuneration [text block]</a></td>
<td class="text"><table cellpadding="0" style="height: 122px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; width: 64.8036%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> &#160; </span></p></td><td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 31.4955%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.8036%;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> &#160; </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Audit fees </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,966</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,804</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3,781</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Audit-related fees </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">255</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">220</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">134</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Tax fees </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; width: 1.13293%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">102</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"><br/></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> All other fees </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> - </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Total </span></p></td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,232</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,029</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">4,017</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td></tr></tbody></table><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemunerationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfAuditorsRemunerationExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of compensation to the entity's auditors.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfAuditorsRemunerationExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575321232">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 32 - Principal Subsidiaries (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2022</div></th></tr>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract', window );"><strong>Disclosure of subsidiaries [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory', window );">Disclosure of subsidiaries [text block]</a></td>
<td class="text"><div style="border-right: none; border-left: none;"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; background-color: #ffffff; width: 100%; height: 442px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 33.36%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Company </span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 12.5%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Country of Incorporation </span></p></td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 27.84%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> Main activity </span></p></td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 26.32%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;">Percentage of ownership at December 31,&#160;<sup>(*)</sup></span></span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2022</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2021</span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;">2020</span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> ALGOMA TUBES INC. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Canada </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> CONFAB INDUSTRIAL S.A. and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Brazil </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded steel pipes and capital goods </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> DALMINE S.p.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Italy </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> HYDRIL COMPANY and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacture and marketing of premium connections </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> IPSCO TUBULARS INC. and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> MAVERICK TUBE CORPORATION and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> P.T. SEAMLESS PIPE INDONESIA JAYA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Indonesia </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">89% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">89% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">89% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> S.C. SILCOTUB S.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Romania </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SAUDI STEEL PIPE CO. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Saudi Arabia </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">48% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SIAT SOCIEDAD ANONIMA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Argentina </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (a) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Argentina </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TALTA - TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Portugal </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding Company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS BAY CITY, INC. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS CONNECTIONS BV </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Netherlands </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Development, management and licensing of intellectual property </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS FINANCIAL SERVICES S.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Uruguay </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Financial company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES (CANADA) INC. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Canada </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Marketing of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> USA </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Marketing of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES (UK) LTD </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> United Kingdom </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company and marketing of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS GLOBAL SERVICES S.A. and subsidiaries (except detailed) (b) </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Uruguay </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company, marketing and distribution of steel products </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS INVESTMENTS (NL) B.V. and subsidiaries </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Netherlands </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS INVESTMENTS S.&#224;r.l. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Luxembourg </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Holding company </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS QINGDAO STEEL PIPES LTD. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> China </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Processing of premium joints, couplings and automotive components </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TENARIS TUBOCARIBE LTDA. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Colombia </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of welded and seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> TUBOS DE ACERO DE MEXICO, S.A. </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Mexico </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"><p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Manufacturing of seamless steel pipes </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"><p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">100% </span></p></td></tr></tbody></table></div></div><p style="line-height: 10pt; margin: 0pt; text-align: justify;"><br/></p><div style="border-left: none; border-right: none;"><table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 51px;"><tbody><tr style="height: 17px;"><td style="width: 3%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</span></td><td style="width: 97%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span><span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">All percentages rounded.</span></span></td></tr><tr style="height: 17px;"><td style="vertical-align: top; width: 3%; height: 17px;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td><td style="vertical-align: top; width: 97%; height: 17px;" valign="top"><span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;holds 51% of&#160;</span>NKKTubes<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</span></span></td></tr><tr style="height: 17px;"><td style="vertical-align: top; width: 3%; height: 17px;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</span></td><td style="vertical-align: top; width: 97%; height: 17px;" valign="top"><span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;holds 98.4% of&#160;</span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Supply Chain S.A. and 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of&#160;</span>Amaja<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Tubular Services Limited and 60% of&#160;</span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;</span>Baogang<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;</span>Baotou<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Steel Pipes Ltd, and until 2021 held 49% of Tubular Services Angola&#160;Lda.</span></span></td></tr></tbody></table></div><span></span>
</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The disclosure of subsidiaries. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B4<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B4_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571533200">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>II. Accounting Policies (Details Textual)<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($) </div>
<div>$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2021 </div>
<div>USD ($) </div>
<div>$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($) </div>
<div>$ / shares </div>
<div>shares</div>
</th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities', window );">Goodwill or intangible assets recognized in relation to investments in non consolidated companies under the equity method</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfMajorBusinessSegments', window );">Number of major business segments</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AdditionalAmortizationExpenses', window );">Additional amortization expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 11,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Total intangible assets and goodwill</a></td>
<td class="nump">$ 1,332,508<span></span>
</td>
<td class="nump">$ 1,372,176<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ResearchAndDevelopmentExpense', window );">Research and development expense</a></td>
<td class="nump">50,700<span></span>
</td>
<td class="nump">45,300<span></span>
</td>
<td class="nump">41,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets', window );">Selling, general and administrative expenses, amortization of intangible assets</a></td>
<td class="nump">$ 59,018<span></span>
</td>
<td class="nump">$ 63,874<span></span>
</td>
<td class="nump">$ 82,355<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse', window );">Discount rate used in current estimate of value in use</a></td>
<td class="nump">13.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfSharesAuthorised', window );">Number of shares authorised (in shares) | shares</a></td>
<td class="nump">2,500,000,000<span></span>
</td>
<td class="nump">2,500,000,000<span></span>
</td>
<td class="nump">2,500,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value per share (in dollars per share) | $ / shares</a></td>
<td class="nump">$ 1<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
<td class="nump">$ 1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares issued (in shares) | shares</a></td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares outstanding at end of period (in shares) | shares</a></td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfVotesPerShare', window );">Number of votes, per share</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EmployeeBenefitsUnitVestingPeriod', window );">Employee benefits, unit vesting period (Year)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">4 years<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EmployeeBenefitsCompanyRedemptionPeriod', window );">Employee benefits, company redemption period (Year)</a></td>
<td class="text">7 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">10 years<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EmployeeBenefitsEarlyRedemptionPeriod', window );">Employee benefits, early redemption period (Year)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">7 years<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CarryingValueOfUnitsGranted', window );">Carrying value of units granted</a></td>
<td class="nump">$ 123,900<span></span>
</td>
<td class="nump">$ 99,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares', window );">Dilutive effect of share options on number of ordinary shares (in shares) | shares</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PeriodOfLeaseTermOfShortTermLeases', window );">Period of lease term of short-term leases</a></td>
<td class="text">12 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForecastPeriodOfCashFlowProjections', window );">Forecast period of cash flow projections</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections', window );">Nominal growth rate</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature', window );">Maximum maturity period of fair value through other comprehensive income instruments for short-term nature</a></td>
<td class="text">12 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherCurrentNoncurrentBenefits', window );">Other current Non-current benefits</a></td>
<td class="nump">$ 94,400<span></span>
</td>
<td class="nump">84,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_IT', window );">Italy</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Net defined benefit liability (asset) at end of period</a></td>
<td class="nump">10,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod', window );">Net defined contribution plan liability (asset) at end of period</a></td>
<td class="nump">10,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">USA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod', window );">Net defined contribution plan liability (asset) at end of period</a></td>
<td class="nump">7,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember', window );">Unfunded defined benefit employee retirement plan for certain senior officers [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Net defined benefit liability (asset) at end of period</a></td>
<td class="nump">43,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ts_InformationSystemProjectsMember', window );">Information system projects [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Total intangible assets and goodwill</a></td>
<td class="nump">53,355<span></span>
</td>
<td class="nump">50,848<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember', window );">Licenses, patents, trademarks, and proprietary technology [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Total intangible assets and goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">86,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer-related intangible assets [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Total intangible assets and goodwill</a></td>
<td class="nump">$ 41,527<span></span>
</td>
<td class="nump">$ 80,380<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer-related intangible assets [member] | Maverick acquisition [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetUsefulLife', window );">Finite-lived intangible asset, useful life (Year)</a></td>
<td class="text">14 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer-related intangible assets [member] | Hydrill acquisition [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetUsefulLife', window );">Finite-lived intangible asset, useful life (Year)</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer-related intangible assets [member] | Saudi Steel Pipe Company [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetUsefulLife', window );">Finite-lived intangible asset, useful life (Year)</a></td>
<td class="text">9 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets', window );">Selling, general and administrative expenses, amortization of intangible assets</a></td>
<td class="nump">$ 4,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetResidualUsefulLife', window );">Finite-lived intangible asset, residual useful life (Year)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetReviewedUsefulLife', window );">Finite-lived intangible asset, reviewed useful life (Year)</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill', window );">Intangible assets other than goodwill, useful life (Year)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer-related intangible assets [member] | Ipsco Tubulars Inc [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetUsefulLife', window );">Finite-lived intangible asset, useful life (Year)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetResidualValue', window );">Finite-lived intangible asset, residual value</a></td>
<td class="nump">$ 41,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse', window );">Discount rate used in current estimate of value in use</a></td>
<td class="nump">20.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfVotingRightsHeldInUnconsolidatedEntities', window );">Percentage of voting rights held in unconsolidated entities</a></td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [member] | Information system projects [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetUsefulLife', window );">Finite-lived intangible asset, useful life (Year)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [member] | Licenses, patents, trademarks, and proprietary technology [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetUsefulLife', window );">Finite-lived intangible asset, useful life (Year)</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse', window );">Discount rate used in current estimate of value in use</a></td>
<td class="nump">13.40%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfVotingRightsHeldInUnconsolidatedEntities', window );">Percentage of voting rights held in unconsolidated entities</a></td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [member] | Licenses, patents, trademarks, and proprietary technology [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinitelivedIntangibleAssetUsefulLife', window );">Finite-lived intangible asset, useful life (Year)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=ts_GlobalPipeCompanyMember', window );">Global Pipe Company [Member] | Saudi Steel Pipe Company [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture', window );">Proportion of ownership interest in joint venture</a></td>
<td class="nump">35.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement', window );">Number of Board members can be appointed through the shareholders agreement</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfBoardMembers', window );">Number of Board members</a></td>
<td class="nump">11<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_UsiminasMember', window );">Usiminas [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SharesBoundToSHA', window );">Shares bound to SHA (in shares) | shares</a></td>
<td class="nump">483,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentOfCompanyVotingCapital', window );">Percent of company voting capital</a></td>
<td class="nump">68.60%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_TTGroupMember', window );">T/T Group [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentOfCompanyVotingCapital', window );">Percent of company voting capital</a></td>
<td class="nump">47.10%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_TerniumEntititesMember', window );">Ternium entitites [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentOfCompanyVotingCapital', window );">Percent of company voting capital</a></td>
<td class="nump">39.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_ConfabMember', window );">Confab [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentOfCompanyVotingCapital', window );">Percent of company voting capital</a></td>
<td class="nump">7.60%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_NSSMCMember', window );">NSSMC [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentOfCompanyVotingCapital', window );">Percent of company voting capital</a></td>
<td class="nump">45.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_PrevidenciaUsiminasMember', window );">Previdencia Usiminas [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentOfCompanyVotingCapital', window );">Percent of company voting capital</a></td>
<td class="nump">7.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_TerniumSAMember', window );">Ternium S.A. [member] | Techgen s.a. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture', window );">Proportion of ownership interest in joint venture</a></td>
<td class="nump">48.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_TecpetrolInternationalSAMember', window );">Tecpetrol International S.A. [member] | Techgen s.a. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture', window );">Proportion of ownership interest in joint venture</a></td>
<td class="nump">30.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_TenarisMember', window );">Tenaris [member] | Techgen s.a. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture', window );">Proportion of ownership interest in joint venture</a></td>
<td class="nump">22.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember', window );">Ternium S.A. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="nump">11.46%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="nump">3.07%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInAssociate', window );">Proportion of voting rights held in associate</a></td>
<td class="nump">5.19%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForecastPeriodOfCashFlowProjections', window );">Forecast period of cash flow projections</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections', window );">Nominal growth rate</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member] | Preference shares [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfSharesSubscribedTo', window );">Number of shares subscribed to (in shares) | shares</a></td>
<td class="nump">1,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member] | Ordinary shares [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems', window );"><strong>Disclosure of associates [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfSharesSubscribedTo', window );">Number of shares subscribed to (in shares) | shares</a></td>
<td class="nump">36,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets recognised in the entity's financial statements relating to its interests in structured entities. [Refer: Assets; Unconsolidated structured entities [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 29<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_29_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The discount rate used in the current estimate of the present value of the future cash flows expected to be derived from an asset or cash-generating unit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 130<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_130_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The growth rate used to extrapolate cash flow projections beyond the period covered by the most recent budgets/forecasts for a cash-generating unit (group of units). [Refer: Cash-generating units [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 134<br> -Subparagraph d<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_134_d_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 134<br> -Subparagraph e<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_134_e_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of dilutive potential ordinary shares that relate to the assumed exercise of the entity's share options.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2022-03-24<br> -Paragraph 70<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=33&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets and goodwill held by the entity. [Refer: Goodwill; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of deficit or surplus in a defined benefit plan, adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 140<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_140_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilityAssetOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesAuthorised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares authorised.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 79<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_79_a_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesAuthorised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares that have been authorised and issued, reduced by treasury shares held. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_79_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ParValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The nominal value per share.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_79_a_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ParValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in an associate attributable to the entity. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a joint venture attributable to the entity. [Refer: Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInJointVenture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfVotingPowerHeldInAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of the voting rights in an associate held by the entity. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfVotingPowerHeldInAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ResearchAndDevelopmentExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expenditure directly attributable to research or development activities, recognised in profit or loss.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 126<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_126&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ResearchAndDevelopmentExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The useful life, measured as period of time, used for intangible assets other than goodwill. [Refer: Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 118<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_118_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_AdditionalAmortizationExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of additional amortization expenses arising from re-estimation of assets useful lives, performed in accordance with IAS 38.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AdditionalAmortizationExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CarryingValueOfUnitsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the carrying value of units granted to date under the employee retention and long term incentive program.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CarryingValueOfUnitsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EmployeeBenefitsCompanyRedemptionPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the period at which the company will redeem units granted under the employee retention and long term inventive program.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EmployeeBenefitsCompanyRedemptionPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EmployeeBenefitsEarlyRedemptionPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the period that the company may exercise an option to for early redemption of units granted under the employee retention and long term incentive program.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EmployeeBenefitsEarlyRedemptionPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EmployeeBenefitsUnitVestingPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the period that units under an employee retention and long term incentive program vest ratably.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EmployeeBenefitsUnitVestingPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_FinitelivedIntangibleAssetResidualUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the residual useful life of a finite-lived intangible asset.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_FinitelivedIntangibleAssetResidualUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_FinitelivedIntangibleAssetResidualValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the aggregate expected value at the end of their useful life of a finite-lived intangible asset.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_FinitelivedIntangibleAssetResidualValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_FinitelivedIntangibleAssetReviewedUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The useful life, measured as period of time, reviewed for intangible assets other than goodwill.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_FinitelivedIntangibleAssetReviewedUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_FinitelivedIntangibleAssetUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the useful life of finite-lived intangible assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_FinitelivedIntangibleAssetUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ForecastPeriodOfCashFlowProjections">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The forecast period of cash flow projections used in cash-generating units.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ForecastPeriodOfCashFlowProjections</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The maximum maturity period of financial assets at fair value through other comprehensive income (&#8220;FVOCI&#8221;) instruments for short-term nature.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of deficit or surplus in a defined contribution plan, adjusted for any effect of limiting a net defined contribution asset to the asset ceiling.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NetDefinedContributionPlanLiabilityAssetAtEndOfPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NumberOfBoardMembers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of Board members by the entity at a date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NumberOfBoardMembers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of Board members can be appointed through the shareholders agreement by the entity at a date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NumberOfMajorBusinessSegments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the number of major business segments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NumberOfMajorBusinessSegments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NumberOfSharesSubscribedTo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of shares subscribed to.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NumberOfSharesSubscribedTo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NumberOfVotesPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the number of votes given to each share of stock.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NumberOfVotesPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherCurrentNoncurrentBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other current non-current benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherCurrentNoncurrentBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentOfCompanyVotingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percent of a company's voting capital represented.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentOfCompanyVotingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentageOfVotingRightsHeldInUnconsolidatedEntities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of voting rights held in unconsolidated entities in which reporting entity has significant influence but not control.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentageOfVotingRightsHeldInUnconsolidatedEntities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PeriodOfLeaseTermOfShortTermLeases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The period of lease term of short-term leases upon lease contract.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PeriodOfLeaseTermOfShortTermLeases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization of intangible assets attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SharesBoundToSHA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of shares bound to SHA.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SharesBoundToSHA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_IT">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_IT</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=ts_UnfundedDefinedBenefitEmployeeRetirementPlanForCertainSeniorOfficersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ts_InformationSystemProjectsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ts_InformationSystemProjectsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ts_LicensesPatentsTrademarksAndProprietaryTechnologyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=ts_MaverickAcquisitionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=ts_MaverickAcquisitionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=ts_HydrillAcquisitionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=ts_HydrillAcquisitionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=ts_SaudiSteelPipeCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=ts_SaudiSteelPipeCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=ts_IpscoTubularsIncMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=ts_IpscoTubularsIncMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=ts_GlobalPipeCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=ts_GlobalPipeCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_UsiminasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_UsiminasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfContractsAxis=ts_TheNewSHAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfContractsAxis=ts_TheNewSHAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_TTGroupMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TTGroupMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_TerniumEntititesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TerniumEntititesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_ConfabMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_ConfabMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_NSSMCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_NSSMCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_PrevidenciaUsiminasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_PrevidenciaUsiminasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TerniumSAMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=ts_TechgenSAMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TecpetrolInternationalSAMember</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TenarisMember</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember</td>
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<td>na</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571426080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>II. Accounting Policies - Estimated Useful Lives of Property, Plant and Equipment (Details) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AdditionalDepreciationExpenses', window );">Additional depreciation expenses</a></td>
<td class="nump">$ 39<span></span>
</td>
<td class="nump">$ 45<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_BuildingsAndImprovementsMember', window );">Buildings and improvements [member] | Bottom of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Property, plant and equipment (Year)</a></td>
<td class="text">30 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_BuildingsAndImprovementsMember', window );">Buildings and improvements [member] | Top of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Property, plant and equipment (Year)</a></td>
<td class="text">50 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_PlantAndProductionEquipmentMember', window );">Plant and production equipment [member] | Bottom of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Property, plant and equipment (Year)</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_PlantAndProductionEquipmentMember', window );">Plant and production equipment [member] | Top of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Property, plant and equipment (Year)</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember', window );">Vehicles, furniture and fixtures, and other equipment [member] | Bottom of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Property, plant and equipment (Year)</a></td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember', window );">Vehicles, furniture and fixtures, and other equipment [member] | Top of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment', window );">Property, plant and equipment (Year)</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The useful life, measured as period of time, used for property, plant and equipment. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_AdditionalDepreciationExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of additional depreciation expenses arising from re-estimation of assets useful lives, performed in accordance with IAS 16.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AdditionalDepreciationExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_BuildingsAndImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_PlantAndProductionEquipmentMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_VehiclesFurnitureAndFixturesAndOtherEquipmentMember</td>
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<td><strong> Balance Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>104
<FILENAME>R83.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571388608">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>III. Financial Risk Management (Details Textual)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th" colspan="2">
<div>Dec. 31, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2021 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DebtToEquityRatio', window );">Debt to equity ratio (as a ratio)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">0.05<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax', window );">Reserve of exchange differences on translation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 71,252<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">728,762<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">330,933<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LossOnInterestRateRiskIfMarketInterestRatesWereHigher', window );">Loss on interest rate risk if market interest rates were higher</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 5,300<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 5,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ExposureInvestmentGradeRatedInstruments', window );">Exposure investment-grade rated instruments (as a percent)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">80.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">77.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,493,940<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 1,299,072<span></span>
</td>
<td class="nump">$ 968,148<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LiquidFinancialAssetsPercentage', window );">Liquid financial assets (as a percent)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">7.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue', window );">Financial liabilities, fair value as a percentage of carrying value (as a percent)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">99.20%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">99.60%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Reserve of cash flow hedges, continuing hedges</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 13,100<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 1,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_MinimumMaturityPeriodOfCertificatesOfDeposits', window );">Minimum maturity period of certificates of deposits</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">3 months<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CTAForeignExchangeRiskCurrencyExposure', window );">CTA foreign exchange risk currency exposure</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 900<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForDoubtfulAccountsTradeReceivablesMember', window );">Allowance for doubtful accounts - trade receivables [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">45,500<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">47,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=ts_PastDueMember', window );">Past due [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">544,900<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">209,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_GuaranteesUnderCreditInsuranceMember', window );">Guarantees under credit insurance [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">231,200<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">175,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_LetterOfCreditAndOtherBankGuaranteesMember', window );">Letter of credit and other bank guarantees [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">34,700<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">17,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_OtherGuaranteesMember', window );">Other guarantees [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_FinancialGuaranteeContractsMember', window );">Financial guarantee contracts [member] | Past due [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">28,100<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">10,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FixedInterestRateMember', window );">Fixed interest rate [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">497,889<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 187,036<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShorttermBorrowings', window );">Current borrowings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 479,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ConcentrationRiskPercentage', window );">Concentration risk (as a percent)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">68.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">57.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ts_OtherCurrenciesHedgedToUSDollarMember', window );">Other currencies hedged to U.S. dollar [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency', window );">Liquid financial assets, percentage denominated by a specific currency (as a percent)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">87.00%<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [member] | Venezuelan Companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">48,700<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember', window );">One percent change, Argentine Peso / U.S. dollar foreign exchange risk [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Foreign exchange risk, currency exposure</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,300<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember', window );">One percent change, Euro / U.S. dollar foreign exchange risk [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Foreign exchange risk, currency exposure</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">400<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember', window );">One percent change, Brazilian Real / U.S. dollar foreign exchange risk [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Foreign exchange risk, currency exposure</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 900<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ifrs-full_LiquidityRiskMember', window );">Liquidity risk [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_MaximumMaturityPeriodOfCashAndCashEquivalents', window );">Maximum maturity period of cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">3 months<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ifrs-full_LiquidityRiskMember', window );">Liquidity risk [member] | European sovereign counterparties [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RiskExposureAssociatedWithInstrumentsSharingCharacteristic', window );">Direct exposure to financial instruments issued by European sovereign counterparties</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 5,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">6,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ifrs-full_CommodityPriceRiskMember', window );">Commodity price risk [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature', window );">Maximum period of fixed price of commodities for short-term nature</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">1 year<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember', window );">One percent change, All foreign exchange exposure vs USD dollar foreign exchange risk [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Foreign exchange risk, currency exposure</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 4,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">3,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember', window );">One percent change, All foreign exchange exposure vs USD dollar foreign exchange risk [member] | Foreign exchange derivatives contracts [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Foreign exchange risk, currency exposure</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 200<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none; line-height: inherit;">During <span style="border-left: none; border-right: none; line-height: inherit;">2022</span> as a result of NKKTubes&#8217; 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 </span><span style="border-right: none; border-left: none; line-height: inherit;">&#8220;Other Information<span style="font-style: italic; line-height: inherit;"> - </span><span style="font-style: italic; line-height: inherit;">A</span><span style="font-style: italic; line-height: inherit;">greement to terminate NKKTubes joint venture</span><span style="font-style: italic; line-height: inherit;">&#8221;</span><span style="font-style: italic; line-height: inherit;">. </span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Related to&#160;</span><span style="border-right: none; border-left: none;">NKKTubes</span><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#8217; cease of operations. For more information see note&#160;</span></span><span style="border-left: none; border-right: none;">35</span><span style="border-right: none; border-left: none;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;&#8220;Other Relevant Information</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#8211;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#160;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">A</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">greement&#160;to t</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">erminate&#160;NKKTubes&#160;joint venture</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">&#8221;</span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -37.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-style: italic;">.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;">Out of the $</span><span style="border-left: none; border-right: none; line-height: inherit;">497.9</span><span style="border-right: none; border-left: none; line-height: inherit;"> million fixed rate borrowings, $</span><span style="border-left: none; border-right: none; line-height: inherit;">479</span><span style="border-right: none; border-left: none; line-height: inherit;"> million are short-term.</span></span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of reclassification adjustments related to exchange differences when the financial statements of foreign operations are translated, before tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2022-03-24<br> -Paragraph 48<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=21&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_48&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 92<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_92&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the reserve of cash flow hedges in relation to continuing hedges. [Refer: Reserve of cash flow hedges]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 24B<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24B_b_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfCashFlowHedgesContinuingHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RiskExposureAssociatedWithInstrumentsSharingCharacteristic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of risk exposure associated with financial instruments with a shared characteristic that identifies a concentration of risks. [Refer: Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph B8<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B8_c&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RiskExposureAssociatedWithInstrumentsSharingCharacteristic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShorttermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CTAForeignExchangeRiskCurrencyExposure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of exchange differences arise from CTA foreign exchange risk currency exposure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CTAForeignExchangeRiskCurrencyExposure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ConcentrationRiskPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ConcentrationRiskPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DebtToEquityRatio">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The year-end ratio of debt to total equity (where &#8220;debt&#8221; comprises financial borrowings and &#8220;total equity&#8221; is the sum of financial borrowings and equity).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DebtToEquityRatio</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:pureItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ExposureInvestmentGradeRatedInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage for exposure investment-grade rated Instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ExposureInvestmentGradeRatedInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of a financial liabilities carrying amount that represents its fair value.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ForeignExchangeRiskCurrencyExposure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of currency exposure which impact profit and loss expressed as long/(short).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ForeignExchangeRiskCurrencyExposure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LiquidFinancialAssetsPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of assets held that are liquid.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LiquidFinancialAssetsPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of liquid financial assets that are denominated by a specific currency.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LiquidFinancialAssetsPercentageDenominatedByASpecificCurrency</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LossOnInterestRateRiskIfMarketInterestRatesWereHigher">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of potential loss on interest rate risk if the market interest rates were higher.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LossOnInterestRateRiskIfMarketInterestRatesWereHigher</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_MaximumMaturityPeriodOfCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The maximum maturity period of cash and cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_MaximumMaturityPeriodOfCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The maximum period of fixed price of commodities for short-term nature.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_MinimumMaturityPeriodOfCertificatesOfDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The minimum maturity period of certificates of deposits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_MinimumMaturityPeriodOfCertificatesOfDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForDoubtfulAccountsTradeReceivablesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForDoubtfulAccountsTradeReceivablesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastDueStatusAxis=ts_PastDueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastDueStatusAxis=ts_PastDueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_GuaranteesUnderCreditInsuranceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_GuaranteesUnderCreditInsuranceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_LetterOfCreditAndOtherBankGuaranteesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_LetterOfCreditAndOtherBankGuaranteesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_OtherGuaranteesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_OtherGuaranteesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_FinancialGuaranteeContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_FinancialGuaranteeContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FixedInterestRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FixedInterestRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=ts_OtherCurrenciesHedgedToUSDollarMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_OtherCurrenciesHedgedToUSDollarMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_VenezuelanCompaniesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_VenezuelanCompaniesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_OnePercentChangeEuroUsDollarForeignExchangeRiskMember</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ifrs-full_LiquidityRiskMember</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_EuropeanSovereignCounterpartiesMember</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ifrs-full_CommodityPriceRiskMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeDerivativesContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeDerivativesContractsMember</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571232496">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>III. Financial Risk Management - Financial Assets and Liabilities Which Impact Profit and Loss (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_ArgentinePesoUsDollarForeignExchangeRiskMember', window );">Argentine Peso / U.S. dollar foreign exchange risk [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Currency exposure / functional currency</a></td>
<td class="num">$ (126,739)<span></span>
</td>
<td class="num">$ (95,073)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_EuroUsDollarForeignExchangeRiskMember', window );">Euro / U.S. dollar foreign exchange risk [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Currency exposure / functional currency</a></td>
<td class="num">(42,458)<span></span>
</td>
<td class="nump">12,462<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_SaudiArabianRiyalUsDollarExchangeRiskMember', window );">Saudi Arabian Riyal / US Dollar exchange risk [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Currency exposure / functional currency</a></td>
<td class="num">(74,183)<span></span>
</td>
<td class="num">(77,853)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_UsDollarBrazilianRealForeignExchangeRiskMember', window );">U.S. dollar / Brazilian Real foreign exchange risk [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Currency exposure / functional currency</a></td>
<td class="num">$ (94,856)<span></span>
</td>
<td class="num">$ (32,738)<span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of currency exposure which impact profit and loss expressed as long/(short).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ForeignExchangeRiskCurrencyExposure</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_ArgentinePesoUsDollarForeignExchangeRiskMember</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ts_SaudiArabianRiyalUsDollarExchangeRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_SaudiArabianRiyalUsDollarExchangeRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ts_UsDollarBrazilianRealForeignExchangeRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_UsDollarBrazilianRealForeignExchangeRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>106
<FILENAME>R85.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615638736">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>III. Financial Risk Management - Proportions of Variable-rate and Fixed-rate Debt (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Significant borrowings as of closing date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 728,762<span></span>
</td>
<td class="nump">$ 330,933<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FixedInterestRateMember', window );">Fixed interest rate [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Significant borrowings as of closing date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 497,889<span></span>
</td>
<td class="nump">$ 187,036<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ConcentrationRiskPercentage', window );">Concentration risk (as a percent)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">68.00%<span></span>
</td>
<td class="nump">57.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember', window );">Floating interest rate [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Significant borrowings as of closing date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 230,873<span></span>
</td>
<td class="nump">$ 143,897<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ConcentrationRiskPercentage', window );">Concentration risk (as a percent)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32.00%<span></span>
</td>
<td class="nump">43.00%<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;">Out of the $</span><span style="border-left: none; border-right: none; line-height: inherit;">497.9</span><span style="border-right: none; border-left: none; line-height: inherit;"> million fixed rate borrowings, $</span><span style="border-left: none; border-right: none; line-height: inherit;">479</span><span style="border-right: none; border-left: none; line-height: inherit;"> million are short-term.</span></span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ConcentrationRiskPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ConcentrationRiskPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FixedInterestRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FixedInterestRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
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</html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>107
<FILENAME>R86.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665566265600">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>III. Financial Risk Management - Financial Instruments and Classification Within the Fair Value Hierarchy (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2"><div>Dec. 31, 2022</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 1,091,527<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 318,127<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 584,681<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">438,448<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">397,849<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="nump">30,805<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,315<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">119,902<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">320,254<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="nump">2,493,940<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,299,072<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">968,148<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">395,531<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">302,164<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings C and NC</a></td>
<td class="nump">728,762<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">330,933<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">1,179,457<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">845,256<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease Liabilities C and NC</a></td>
<td class="nump">112,177<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">117,285<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">257,343<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="nump">7,127<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DerivativeLiabilitiesMember', window );">Derivative liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="nump">7,127<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DerivativesMember', window );">Derivatives [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="nump">30,805<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,315<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_OtherReceivablesMember', window );">Other receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">154,056<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">133,879<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_OtherReceivablesNonfinancialMember', window );">Other receivables (non-Financial) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">241,475<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">168,285<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember', window );">Fixed Income (time-deposit, zero coupon bonds, commercial papers) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">196,152<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">239,742<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_CertificatesOfDepositsMember', window );">Certificates of Deposits [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">36,167<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">94,414<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_CommercialPapersMember', window );">Commercial Papers [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">19,785<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">30,062<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_OtherNotesMember', window );">Other notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">140,200<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">115,266<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_BondsAndOtherFixedIncomeMember', window );">Bonds and other fixed income [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">211,953<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">158,107<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">113,574<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">312,619<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_NonUsGovernmentSecuritiesMember', window );">Non - U.S. government securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">108,310<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">10,660<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_CorporatesSecuritiesMember', window );">Corporates securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">103,643<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">147,447<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_OtherInvestments1Member', window );">Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">6,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">7,635<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_MutualFundFinancialInstrumentMember', window );">Mutual Fund [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">30,343<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">422,859<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">105,697<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">242,296<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">158,107<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">113,574<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">312,619<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total</a></td>
<td class="nump">778,729<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">576,423<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease Liabilities C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Total</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Derivative liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Derivatives [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Other receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Other receivables (non-Financial) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Fixed Income (time-deposit, zero coupon bonds, commercial papers) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Certificates of Deposits [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Commercial Papers [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Other notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Bonds and other fixed income [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">211,953<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">158,107<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">113,574<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">312,619<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Non - U.S. government securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">108,310<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">10,660<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Corporates securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">103,643<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">147,447<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 of fair value hierarchy [member] | Mutual Fund [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">30,343<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total</a></td>
<td class="nump">30,805<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,315<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease Liabilities C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Total</a></td>
<td class="nump">7,127<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Derivative liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="nump">7,127<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Derivatives [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="nump">30,805<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,315<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Other receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Other receivables (non-Financial) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Fixed Income (time-deposit, zero coupon bonds, commercial papers) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Certificates of Deposits [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Commercial Papers [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Other notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Bonds and other fixed income [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Non - U.S. government securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Corporates securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 of fair value hierarchy [member] | Mutual Fund [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">6,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">7,635<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">48,659<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">48,659<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total</a></td>
<td class="nump">54,987<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">56,294<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 56,319<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease Liabilities C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Total</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Derivative liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Derivatives [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Other receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">48,659<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">48,659<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Other receivables (non-Financial) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Fixed Income (time-deposit, zero coupon bonds, commercial papers) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Certificates of Deposits [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Commercial Papers [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Other notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Bonds and other fixed income [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Non - U.S. government securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Corporates securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">6,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">7,635<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 of fair value hierarchy [member] | Mutual Fund [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">668,668<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">212,430<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">196,152<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">239,742<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="nump">2,493,940<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,299,072<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">105,397<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">85,220<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total</a></td>
<td class="nump">3,464,157<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,836,464<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings C and NC</a></td>
<td class="nump">728,762<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">330,933<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="nump">1,179,457<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">845,256<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease Liabilities C and NC</a></td>
<td class="nump">112,177<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">117,285<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Total</a></td>
<td class="nump">2,020,396<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,293,474<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Derivative liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Derivatives [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Other receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">105,397<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">85,220<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Other receivables (non-Financial) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Fixed Income (time-deposit, zero coupon bonds, commercial papers) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">196,152<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">239,742<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Certificates of Deposits [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">36,167<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">94,414<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Commercial Papers [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">19,785<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">30,062<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Other notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">140,200<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">115,266<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Bonds and other fixed income [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Non - U.S. government securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Corporates securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember', window );">Financial assets at amortised cost, category [member] | Mutual Fund [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">182,988<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">158,107<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">113,574<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">312,619<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">48,659<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">48,659<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total</a></td>
<td class="nump">345,221<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">519,385<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease Liabilities C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Total</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Derivative liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Derivatives [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Other receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="nump">48,659<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">48,659<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Other receivables (non-Financial) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Fixed Income (time-deposit, zero coupon bonds, commercial papers) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Certificates of Deposits [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Commercial Papers [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Other notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Bonds and other fixed income [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">182,988<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">158,107<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">113,574<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">312,619<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Non - U.S. government securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">79,345<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">10,660<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Corporates securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">103,643<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">147,447<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember', window );">Financial assets at fair value through other comprehensive income, category [member] | Mutual Fund [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">422,859<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">105,697<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">59,308<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">6,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">7,635<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total</a></td>
<td class="nump">519,300<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">124,647<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Borrowings C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Trade payables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Lease Liabilities C and NC</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialLiabilities', window );">Total</a></td>
<td class="nump">7,127<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Derivative liabilities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative financial instruments</a></td>
<td class="nump">7,127<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Derivatives [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="nump">30,805<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">11,315<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Other receivables [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Other receivables (non-Financial) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherReceivables', window );">Other receivables</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Fixed Income (time-deposit, zero coupon bonds, commercial papers) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Certificates of Deposits [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Commercial Papers [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Other notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Bonds and other fixed income [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">28,965<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Non - U.S. government securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">28,965<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Corporates securities [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments - non-current</a></td>
<td class="nump">6,328<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 7,635<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">Financial assets at fair value through profit or loss, category [member] | Mutual Fund [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments - current</a></td>
<td class="nump">$ 30,343<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="6"></td></tr>
<tr><td colspan="6"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Includes balances related to interest in Venezuelan companies. See note <span style="border-left: none; border-right: none; line-height: inherit;">34</span> to these Consolidated Financial Statements.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Includes balances related to interest in Venezuelan companies. See note <span style="border-left: none; border-right: none; line-height: inherit;">34</span> to these Consolidated Financial Statements.</td>
</tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current investments.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35H<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35M<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35N<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35I<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 25<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity&#8217;s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity&#8217;s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 25<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 47<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current investments other than investments accounted for using the equity method. [Refer: Investments accounted for using equity method; Non-current assets; Investments other than investments accounted for using equity method]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount receivable by the entity that it does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph k<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DerivativeLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=ts_DerivativeLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_DerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_OtherReceivablesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_OtherReceivablesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_OtherReceivablesNonfinancialMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_OtherReceivablesNonfinancialMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_FixedIncomeTimedepositZeroCouponBondsCommercialPapersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_CertificatesOfDepositsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_CertificatesOfDepositsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_CommercialPapersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_CommercialPapersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_OtherNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_OtherNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_BondsAndOtherFixedIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_BondsAndOtherFixedIncomeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_NonUsGovernmentSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_NonUsGovernmentSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_CorporatesSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_CorporatesSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_OtherInvestments1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_OtherInvestments1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_MutualFundFinancialInstrumentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_MutualFundFinancialInstrumentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575401024">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>III. Financial Risk Management - Changes in Level 3 Assets and Liabilities (Details) - Level 3 of fair value hierarchy [member] - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">At the beginning of the year</a></td>
<td class="nump">$ 56,294<span></span>
</td>
<td class="nump">$ 56,319<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets', window );">(Decrease) / increase</a></td>
<td class="num">(1,126)<span></span>
</td>
<td class="nump">219<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets', window );">Currency translation adjustment and others</a></td>
<td class="num">(181)<span></span>
</td>
<td class="num">(244)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">At the end of the year</a></td>
<td class="nump">$ 54,987<span></span>
</td>
<td class="nump">$ 56,294<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35H<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35M<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35N<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35I<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 25<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the fair value measurement of assets. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInFairValueMeasurementAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the fair value measurement of assets resulting from currency translation adjustments and others.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665566049808">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Segment Information (Details Textual) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Profit (loss) before tax</a></td>
<td class="nump">$ 3,165,937<span></span>
</td>
<td class="nump">$ 1,242,766<span></span>
</td>
<td class="num">$ (619,267)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ContractLiabilities', window );">Contract liabilities</a></td>
<td class="nump">242,900<span></span>
</td>
<td class="nump">92,400<span></span>
</td>
<td class="nump">48,700<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenues</a></td>
<td class="nump">$ 11,762,526<span></span>
</td>
<td class="nump">$ 6,521,207<span></span>
</td>
<td class="nump">$ 5,146,734<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_TenarisMember', window );">Tenaris [member] | Government customers [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of entity's revenue</a></td>
<td class="nump">22.00%<span></span>
</td>
<td class="nump">23.00%<span></span>
</td>
<td class="nump">24.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">USA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of entity's revenue</a></td>
<td class="nump">42.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of entity's revenue</a></td>
<td class="nump">13.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_MX', window );">Mexico</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of entity's revenue</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_EliminationOfIntersegmentAmountsMember', window );">Elimination of intersegment amounts [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Profit (loss) before tax</a></td>
<td class="nump">$ 77,900<span></span>
</td>
<td class="nump">$ 45,600<span></span>
</td>
<td class="nump">$ 16,900<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of an entity&#8217;s obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2022-03-24<br> -Paragraph 105<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_105&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 15<br> -IssueDate 2022-03-24<br> -Paragraph 116<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=15&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_116_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOperatingSegmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfEntitysRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of the entity's revenue. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfEntitysRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_TenarisMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TenarisMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfCustomersAxis=ifrs-full_GovernmentCustomersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfCustomersAxis=ifrs-full_GovernmentCustomersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_AR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_AR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_MX">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_MX</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_EliminationOfIntersegmentAmountsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_EliminationOfIntersegmentAmountsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575993936">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Segment Information - Reportable Operating Segments (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">IFRS - Net Sales</a></td>
<td class="nump">$ 11,762,526<span></span>
</td>
<td class="nump">$ 6,521,207<span></span>
</td>
<td class="nump">$ 5,146,734<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating income (loss)</a></td>
<td class="nump">2,963,275<span></span>
</td>
<td class="nump">707,509<span></span>
</td>
<td class="num">(663,071)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial income (expense), net</a></td>
<td class="num">(6,040)<span></span>
</td>
<td class="nump">22,666<span></span>
</td>
<td class="num">(64,995)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax', window );">Income (loss) before equity in earnings of non-consolidated companies and income tax</a></td>
<td class="nump">2,957,235<span></span>
</td>
<td class="nump">730,175<span></span>
</td>
<td class="num">(728,066)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Equity in earnings of non-consolidated companies</a></td>
<td class="nump">208,702<span></span>
</td>
<td class="nump">512,591<span></span>
</td>
<td class="nump">108,799<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income tax</a></td>
<td class="nump">3,165,937<span></span>
</td>
<td class="nump">1,242,766<span></span>
</td>
<td class="num">(619,267)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Capital expenditures</a></td>
<td class="nump">378,446<span></span>
</td>
<td class="nump">239,518<span></span>
</td>
<td class="nump">193,322<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="nump">607,723<span></span>
</td>
<td class="nump">594,721<span></span>
</td>
<td class="nump">678,806<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">IFRS - Net Sales</a></td>
<td class="nump">11,133,000<span></span>
</td>
<td class="nump">5,994,000<span></span>
</td>
<td class="nump">4,844,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ManagementViewOperatingIncome', window );">Management view - operating income (loss)</a></td>
<td class="nump">2,772,000<span></span>
</td>
<td class="nump">178,000<span></span>
</td>
<td class="num">(277,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="nump">588,000<span></span>
</td>
<td class="nump">575,000<span></span>
</td>
<td class="nump">661,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember', window );">All other segments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">IFRS - Net Sales</a></td>
<td class="nump">630,000<span></span>
</td>
<td class="nump">528,000<span></span>
</td>
<td class="nump">303,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ManagementViewOperatingIncome', window );">Management view - operating income (loss)</a></td>
<td class="nump">75,000<span></span>
</td>
<td class="nump">65,000<span></span>
</td>
<td class="num">(50,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="nump">20,000<span></span>
</td>
<td class="nump">20,000<span></span>
</td>
<td class="nump">18,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ifrs-full_ReportableSegmentsMember', window );">Reportable segments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">IFRS - Net Sales</a></td>
<td class="nump">11,763,000<span></span>
</td>
<td class="nump">6,521,000<span></span>
</td>
<td class="nump">5,147,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ManagementViewOperatingIncome', window );">Management view - operating income (loss)</a></td>
<td class="nump">2,847,000<span></span>
</td>
<td class="nump">243,000<span></span>
</td>
<td class="num">(327,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ManagementViewDifferencesInCostOfSales', window );">Difference in cost of sales</a></td>
<td class="nump">44,000<span></span>
</td>
<td class="nump">473,000<span></span>
</td>
<td class="num">(134,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ManagementViewDifferencesInDepreciationAndAmortization', window );">Differences in depreciation and amortization</a></td>
<td class="nump">2,000<span></span>
</td>
<td class="num">(1,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses', window );">Differences in selling, general and administrative expenses</a></td>
<td class="num">(4,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet', window );">Differences in other operating income (expenses), net</a></td>
<td class="nump">74,000<span></span>
</td>
<td class="num">(8,000)<span></span>
</td>
<td class="num">(200,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossFromOperatingActivities', window );">Operating income (loss)</a></td>
<td class="nump">2,963,000<span></span>
</td>
<td class="nump">708,000<span></span>
</td>
<td class="num">(663,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Financial income (expense), net</a></td>
<td class="num">(6,000)<span></span>
</td>
<td class="nump">23,000<span></span>
</td>
<td class="num">(65,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax', window );">Income (loss) before equity in earnings of non-consolidated companies and income tax</a></td>
<td class="nump">2,957,000<span></span>
</td>
<td class="nump">731,000<span></span>
</td>
<td class="num">(728,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Equity in earnings of non-consolidated companies</a></td>
<td class="nump">209,000<span></span>
</td>
<td class="nump">513,000<span></span>
</td>
<td class="nump">109,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income tax</a></td>
<td class="nump">3,166,000<span></span>
</td>
<td class="nump">1,243,000<span></span>
</td>
<td class="num">(619,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="nump">$ 608,000<span></span>
</td>
<td class="nump">$ 595,000<span></span>
</td>
<td class="nump">$ 679,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationAndAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation and amortisation expense. Depreciation and amortisation are the systematic allocations of depreciable amounts of assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_d&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 104<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationAndAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOperatingSegmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income or cost associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossFromOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 32<br> -IssueDate 2022-03-24<br> -Paragraph IE33<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=32&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_IE33&amp;doctype=Illustrative%20Examples<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossFromOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchase of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets. [Refer: Intangible assets other than goodwill; Investment property; Other non-current assets; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2022-03-24<br> -Paragraph 39M<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=4&amp;code=ifrs-tx-2022-en-b&amp;anchor=para_39M_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The (loss) income before equity in earnings of non-consolidated companies and income tax.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LossIncomeBeforeEquityInEarningsOfNonconsolidatedCompaniesAndIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ManagementViewDifferencesInCostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Differences in cost of sales under management view.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ManagementViewDifferencesInCostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ManagementViewDifferencesInDepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Differences in depreciation and amortization under management view.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ManagementViewDifferencesInDepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Differences in net other operating income (expenses) under management view.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ManagementViewDifferencesInOtherOperatingIncomeExpensesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Differences in selling, general and administrative expenses under management view.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ManagementViewDifferencesInSellingGeneralAndAdministrativeExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ManagementViewOperatingIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Operating income under management view.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ManagementViewOperatingIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ts_TubesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ts_TubesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ifrs-full_ReportableSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ifrs-full_ReportableSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575869312">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Segment Information - Geographical Information (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 11,762,526<span></span>
</td>
<td class="nump">$ 6,521,207<span></span>
</td>
<td class="nump">$ 5,146,734<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17,550,246<span></span>
</td>
<td class="nump">14,449,431<span></span>
</td>
<td class="nump">13,716,189<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,493,940<span></span>
</td>
<td class="nump">1,299,072<span></span>
</td>
<td class="nump">968,148<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant and equipment, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,556,263<span></span>
</td>
<td class="nump">5,824,801<span></span>
</td>
<td class="nump">6,193,181<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Capital expenditures</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">378,446<span></span>
</td>
<td class="nump">239,518<span></span>
</td>
<td class="nump">193,322<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">607,723<span></span>
</td>
<td class="nump">594,721<span></span>
</td>
<td class="nump">678,806<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=srt_NorthAmericaMember', window );">North America [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,902,787<span></span>
</td>
<td class="nump">3,360,345<span></span>
</td>
<td class="nump">2,179,949<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,018,386<span></span>
</td>
<td class="nump">7,992,946<span></span>
</td>
<td class="nump">8,071,574<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,371,717<span></span>
</td>
<td class="nump">652,483<span></span>
</td>
<td class="nump">411,692<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant and equipment, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,548,844<span></span>
</td>
<td class="nump">3,805,912<span></span>
</td>
<td class="nump">3,971,101<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Capital expenditures</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">118,644<span></span>
</td>
<td class="nump">106,118<span></span>
</td>
<td class="nump">71,531<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">348,550<span></span>
</td>
<td class="nump">307,116<span></span>
</td>
<td class="nump">408,546<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=srt_SouthAmericaMember', window );">South America [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,550,402<span></span>
</td>
<td class="nump">1,311,279<span></span>
</td>
<td class="nump">776,235<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,896,403<span></span>
</td>
<td class="nump">2,399,448<span></span>
</td>
<td class="nump">1,868,458<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">583,223<span></span>
</td>
<td class="nump">234,800<span></span>
</td>
<td class="nump">115,972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant and equipment, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,031,423<span></span>
</td>
<td class="nump">984,413<span></span>
</td>
<td class="nump">1,050,619<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Capital expenditures</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">176,448<span></span>
</td>
<td class="nump">63,723<span></span>
</td>
<td class="nump">63,111<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">125,324<span></span>
</td>
<td class="nump">125,781<span></span>
</td>
<td class="nump">106,827<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=srt_EuropeMember', window );">Europe [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,000,833<span></span>
</td>
<td class="nump">742,463<span></span>
</td>
<td class="nump">642,793<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,071,624<span></span>
</td>
<td class="nump">1,727,573<span></span>
</td>
<td class="nump">1,461,738<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">202,753<span></span>
</td>
<td class="nump">180,515<span></span>
</td>
<td class="nump">139,427<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant and equipment, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">706,539<span></span>
</td>
<td class="nump">742,461<span></span>
</td>
<td class="nump">823,057<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Capital expenditures</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">62,143<span></span>
</td>
<td class="nump">43,344<span></span>
</td>
<td class="nump">39,691<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">76,631<span></span>
</td>
<td class="nump">89,667<span></span>
</td>
<td class="nump">84,518<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=ts_MiddleEastAndAfricaMember', window );">Middle East and Africa [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,031,106<span></span>
</td>
<td class="nump">857,120<span></span>
</td>
<td class="nump">1,227,532<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">739,579<span></span>
</td>
<td class="nump">581,204<span></span>
</td>
<td class="nump">804,559<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">249,637<span></span>
</td>
<td class="nump">146,125<span></span>
</td>
<td class="nump">210,194<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant and equipment, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">189,701<span></span>
</td>
<td class="nump">221,859<span></span>
</td>
<td class="nump">242,939<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Capital expenditures</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,813<span></span>
</td>
<td class="nump">6,689<span></span>
</td>
<td class="nump">10,452<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">37,612<span></span>
</td>
<td class="nump">41,528<span></span>
</td>
<td class="nump">44,259<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=srt_AsiaPacificMember', window );">Asia Pacific [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">277,398<span></span>
</td>
<td class="nump">250,000<span></span>
</td>
<td class="nump">320,225<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">283,608<span></span>
</td>
<td class="nump">364,486<span></span>
</td>
<td class="nump">552,508<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">86,610<span></span>
</td>
<td class="nump">85,149<span></span>
</td>
<td class="nump">90,863<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant and equipment, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">79,756<span></span>
</td>
<td class="nump">70,156<span></span>
</td>
<td class="nump">105,465<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Capital expenditures</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">18,398<span></span>
</td>
<td class="nump">19,644<span></span>
</td>
<td class="nump">8,537<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">19,606<span></span>
</td>
<td class="nump">30,629<span></span>
</td>
<td class="nump">34,656<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=ts_UnallocatedRegionMember', window );">Unallocated [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Net sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,540,646<span></span>
</td>
<td class="nump">1,383,774<span></span>
</td>
<td class="nump">957,352<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Property, plant and equipment, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets', window );">Capital expenditures</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">For 2022, 2021 and 2020 includes <span style="font-style: italic; line-height: inherit;">Investment</span><span style="font-style: italic; line-height: inherit;">s in non-consolidated companies</span>. See note 13 to these Consolidated Financial Statements.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationAndAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation and amortisation expense. Depreciation and amortisation are the systematic allocations of depreciable amounts of assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_d&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 104<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationAndAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOperatingSegmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchase of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets. [Refer: Intangible assets other than goodwill; Investment property; Other non-current assets; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=srt_NorthAmericaMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=srt_EuropeMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571451040">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 1 - Segment Information - Tubes Segment Revenues By Market (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">IFRS - Net Sales</a></td>
<td class="nump">$ 11,762,526<span></span>
</td>
<td class="nump">$ 6,521,207<span></span>
</td>
<td class="nump">$ 5,146,734<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">IFRS - Net Sales</a></td>
<td class="nump">11,133,000<span></span>
</td>
<td class="nump">5,994,000<span></span>
</td>
<td class="nump">4,844,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Oil and gas [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">IFRS - Net Sales</a></td>
<td class="nump">9,543,000<span></span>
</td>
<td class="nump">4,895,000<span></span>
</td>
<td class="nump">4,022,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Oil and Gas Processing Plants [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">IFRS - Net Sales</a></td>
<td class="nump">738,000<span></span>
</td>
<td class="nump">459,000<span></span>
</td>
<td class="nump">407,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Industrial and other [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">IFRS - Net Sales</a></td>
<td class="nump">$ 852,000<span></span>
</td>
<td class="nump">$ 640,000<span></span>
</td>
<td class="nump">$ 415,000<span></span>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOperatingSegmentsLineItems</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ts_TubesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ts_TubesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductsAndServicesAxis=ts_OilAndGasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductsAndServicesAxis=ts_OilAndGasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductsAndServicesAxis=ts_OilAndGasProcessingPlantsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductsAndServicesAxis=ts_OilAndGasProcessingPlantsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductsAndServicesAxis=ts_IndustrialAndOtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductsAndServicesAxis=ts_IndustrialAndOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611360656">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 2 - Cost of Sales - Components of Cost of Sales (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCostOfSalesAbstract', window );"><strong>Disclosure of Cost of Sales [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_InventoriesIncludingDiscontinuedOperations', window );">Inventories at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,672,593<span></span>
</td>
<td class="nump">$ 1,636,673<span></span>
</td>
<td class="nump">$ 2,265,880<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseInInventoryDueToBusinessCombinations', window );">Increase in inventory due to business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">199,589<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DecreaseInInventoryDueToSaleOfSubsidiaries', window );">Decrease in inventory due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="num">(10,662)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ExpenseByNatureAbstract', window );"><strong>Plus: Charges of the year</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther', window );">Cost of sales raw materials energy consumables and other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,772,031<span></span>
</td>
<td class="nump">3,841,551<span></span>
</td>
<td class="nump">1,545,688<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesServicesAndFees', window );">Services and fees</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">293,490<span></span>
</td>
<td class="nump">208,472<span></span>
</td>
<td class="nump">154,976<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesLaborCost', window );">Labor cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,160,085<span></span>
</td>
<td class="nump">824,071<span></span>
</td>
<td class="nump">757,359<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment', window );">Depreciation of property, plant and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">465,849<span></span>
</td>
<td class="nump">448,843<span></span>
</td>
<td class="nump">503,725<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesAmortizationOfIntangibleAssets', window );">Amortization of intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11,754<span></span>
</td>
<td class="nump">7,645<span></span>
</td>
<td class="nump">8,121<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales', window );">Depreciation of right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">33,244<span></span>
</td>
<td class="nump">35,910<span></span>
</td>
<td class="nump">40,127<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesMaintenanceExpenses', window );">Maintenance expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">267,294<span></span>
</td>
<td class="nump">129,350<span></span>
</td>
<td class="nump">107,764<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesAllowanceForObsolescence', window );">Allowance for obsolescence</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">24,901<span></span>
</td>
<td class="nump">23,296<span></span>
</td>
<td class="nump">35,809<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesTaxes', window );">Taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">194,736<span></span>
</td>
<td class="nump">40,887<span></span>
</td>
<td class="nump">45,162<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesOther', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">178,691<span></span>
</td>
<td class="nump">98,159<span></span>
</td>
<td class="nump">59,790<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesIncludingDiscontinuedOperations', window );">Cost of sales including discontinued operations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8,402,075<span></span>
</td>
<td class="nump">5,647,522<span></span>
</td>
<td class="nump">3,458,110<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_InventoriesIncludingDiscontinuedOperations', window );">Less: Inventories at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(3,986,929)<span></span>
</td>
<td class="num">(2,672,593)<span></span>
</td>
<td class="num">(1,636,673)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CostOfSales', window );">Cost of sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,087,739<span></span>
</td>
<td class="nump">4,611,602<span></span>
</td>
<td class="nump">4,087,317<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CostOfSalesLaborCostSeveranceCharges', window );">Cost of sales, labor cost severance charges</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 17,800<span></span>
</td>
<td class="nump">$ 12,800<span></span>
</td>
<td class="nump">$ 81,300<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;">&#160;For the </span><span style="font-weight: normal; line-height: inherit;">year</span><span style="font-weight: normal; line-height: inherit;"> ended December 202</span><span style="font-weight: normal; line-height: inherit;">2</span><span style="font-weight: normal; line-height: inherit;">, 202</span><span style="font-weight: normal; line-height: inherit;">1</span><span style="font-weight: normal; line-height: inherit;"> and 20</span><span style="font-weight: normal; line-height: inherit;">20</span><span style="font-weight: normal; line-height: inherit;">, labor cost includes approximately </span><span style="font-weight: normal; line-height: inherit;">$</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">17.8</span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million, </span><span style="font-weight: normal; line-height: inherit;">$</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">12.8</span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million</span><span style="font-weight: normal; line-height: inherit;"> and</span><span style="font-weight: normal; line-height: inherit;"> $</span><span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="font-weight: normal; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">81.3</span></span></span></span></span></span><span style="font-weight: normal; line-height: inherit;">&#160;million respectively of severance indemnities related to the adjustment of the workforce to market conditions.</span></span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of all expenses directly or indirectly attributed to the goods or services sold. Attributed expenses include, but are not limited to, costs previously included in the measurement of inventory that has now been sold, such as depreciation and maintenance of factory buildings and equipment used in the production process, unallocated production overheads, and abnormal amounts of production costs of inventories.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpenseByNatureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpenseByNatureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesAllowanceForObsolescence">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance for obsolescence attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesAllowanceForObsolescence</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesAmortizationOfIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization of intangible assets attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesAmortizationOfIntangibleAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of depreciation of property, plant and equipment attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesDepreciationOfPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesIncludingDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of cost of sales including discontinued operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesIncludingDiscontinuedOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesLaborCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of labor cost attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesLaborCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesLaborCostSeveranceCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of labor cost severance charges attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesLaborCostSeveranceCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesMaintenanceExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of maintenance expenses attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesMaintenanceExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of other expense attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of raw materials, energy, consumables and other expense attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesRawMaterialsEnergyConsumablesAndOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesServicesAndFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of services and fees expense attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesServicesAndFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CostOfSalesTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense attributable to cost of sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CostOfSalesTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DecreaseInInventoryDueToSaleOfSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of decrease in inventory during the period due to sale of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DecreaseInInventoryDueToSaleOfSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the cost of sales impact of depreciation of right-of-use assets during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DepreciationOfRightOfUseAssetsInventoryImpactOnCostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfCostOfSalesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_IncreaseInInventoryDueToBusinessCombinations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of increase in inventory during the period due to business combinations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_IncreaseInInventoryDueToBusinessCombinations</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_InventoriesIncludingDiscontinuedOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current inventories including discontinued operations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_InventoriesIncludingDiscontinuedOperations</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>instant</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610656512">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 3 - Selling, General and Administrative Expenses - Components of Selling, General and Administrative Expenses (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpenseAbstract', window );"><strong>Selling, general and administrative expense [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesServicesAndFees', window );">Services and fees</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 148,331<span></span>
</td>
<td class="nump">$ 115,303<span></span>
</td>
<td class="nump">$ 115,883<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesLaborCost', window );">Labor cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">518,500<span></span>
</td>
<td class="nump">426,414<span></span>
</td>
<td class="nump">444,436<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment', window );">Depreciation of property, plant and equipment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">21,883<span></span>
</td>
<td class="nump">22,924<span></span>
</td>
<td class="nump">26,814<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets', window );">Amortization of intangible assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">59,018<span></span>
</td>
<td class="nump">63,874<span></span>
</td>
<td class="nump">82,355<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets', window );">Depreciation of right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15,975<span></span>
</td>
<td class="nump">15,525<span></span>
</td>
<td class="nump">17,664<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses', window );">Commissions, freight and other selling expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">641,812<span></span>
</td>
<td class="nump">415,895<span></span>
</td>
<td class="nump">310,815<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies', window );">Provisions for contingencies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">20,606<span></span>
</td>
<td class="nump">24,998<span></span>
</td>
<td class="nump">11,957<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts', window );">Allowances for doubtful accounts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(223)<span></span>
</td>
<td class="num">(4,297)<span></span>
</td>
<td class="nump">4,644<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesTaxes', window );">Taxes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">121,410<span></span>
</td>
<td class="nump">78,800<span></span>
</td>
<td class="nump">63,234<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesOther', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">87,263<span></span>
</td>
<td class="nump">47,133<span></span>
</td>
<td class="nump">41,425<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpense', window );">Total selling, general and administrative expense</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,634,575<span></span>
</td>
<td class="nump">1,206,569<span></span>
</td>
<td class="nump">1,119,227<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges', window );">Selling, general and administrative expenses, labor cost severance charges</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 11,200<span></span>
</td>
<td class="nump">$ 15,800<span></span>
</td>
<td class="nump">$ 61,200<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; line-height: inherit;">For the year ended December 2022, 2021</span> and <span style="border-left: none; border-right: none; line-height: inherit;">2020</span>, labor cost includes approximately $<span style="border-left: none; border-right: none; line-height: inherit;">11.2</span> million, $<span style="border-left: none; border-right: none; line-height: inherit;">15.8</span> million and $<span style="border-left: none; border-right: none; line-height: inherit;">61.2</span> million respectively of severance indemnities related to the adjustment of the workforce to market conditions.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SellingGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to selling, general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SellingGeneralAndAdministrativeExpense</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SellingGeneralAndAdministrativeExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SellingGeneralAndAdministrativeExpenseAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of allowances for doubtful accounts attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization of intangible assets attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of commissions, freight and other selling expenses attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of depreciation of property, plant and equipment attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization of depreciation of right-of-use assets attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesLaborCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of labor cost attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesLaborCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of labor cost severance charges attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesLaborCostSeveranceCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of other expenses attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of provisions for contingencies attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesProvisionsForContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesServicesAndFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of services and fees attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesServicesAndFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SellingGeneralAndAdministrativeExpensesTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of taxes attributable to selling, general and administrative expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SellingGeneralAndAdministrativeExpensesTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610609856">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 4 - Labor Costs - Summary of Labor Costs (Included in Cost of Sales and in Selling, General and Administrative Expenses) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfLaborCostsAbstract', window );"><strong>Disclosure of labor costs [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShorttermEmployeeBenefitsExpense', window );">Wages, salaries and social security costs</a></td>
<td class="nump">$ 1,594,200<span></span>
</td>
<td class="nump">$ 1,170,562<span></span>
</td>
<td class="nump">$ 1,036,211<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TerminationBenefitsExpense', window );">Severance indemnities</a></td>
<td class="nump">29,070<span></span>
</td>
<td class="nump">28,625<span></span>
</td>
<td class="nump">142,458<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans', window );">Defined contribution plans</a></td>
<td class="nump">13,256<span></span>
</td>
<td class="nump">12,608<span></span>
</td>
<td class="nump">12,442<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans', window );">Pension benefits - defined benefit plans</a></td>
<td class="nump">16,320<span></span>
</td>
<td class="nump">13,353<span></span>
</td>
<td class="nump">11,097<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome', window );">Employee retention and long-term incentive program</a></td>
<td class="nump">25,739<span></span>
</td>
<td class="nump">25,337<span></span>
</td>
<td class="num">(413)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Total employee benefits expense</a></td>
<td class="nump">$ 1,678,585<span></span>
</td>
<td class="nump">$ 1,250,485<span></span>
</td>
<td class="nump">$ 1,201,795<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EmployeeBenefitsExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 104<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EmployeeBenefitsExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of post-employment benefit expense included in profit or loss relating to defined benefit plans. [Refer: Profit (loss); Defined benefit plans [member]] [Contrast: Increase (decrease) in net defined benefit liability (asset) resulting from expense (income) in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 5<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_5&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 135<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_135_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of post-employment benefit expense relating to defined contribution plans. Defined contribution plans are post-employment benefit plans under which an entity pays fixed contributions into a separate entity (a fund) and will have no legal or constructive obligation to pay further contributions if the fund does not hold sufficient assets to pay all employee benefits relating to employee service in the current and prior periods.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 53<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_53&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShorttermEmployeeBenefitsExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expense from employee benefits (other than termination benefits) that are expected to be settled wholly within twelve months after the end of the annual reporting period in which the employees render the related services.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermEmployeeBenefitsExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TerminationBenefitsExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expense in relation to termination benefits. Termination benefits are employee benefits provided in exchange for the termination of an employee's employment as a result of either: (a) an entity's decision to terminate an employee's employment before the normal retirement date; or (b) an employee's decision to accept an offer of benefits in exchange for the termination of employment. [Refer: Employee benefits expense]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 171<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_171&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TerminationBenefitsExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expense in relation to employee retention and long-term incentive program expenses (income).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611633360">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 4 - Labor Costs - Labor Costs (Included in Cost of Sales and in Selling, General and Administrative Expenses) - Number of Employees (Details) - employee<br></strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">25,292<span></span>
</td>
<td class="nump">22,776<span></span>
</td>
<td class="nump">19,028<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">6,444<span></span>
</td>
<td class="nump">5,169<span></span>
</td>
<td class="nump">4,376<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_MX', window );">Mexico</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">5,919<span></span>
</td>
<td class="nump">5,474<span></span>
</td>
<td class="nump">4,501<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">USA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">3,509<span></span>
</td>
<td class="nump">2,684<span></span>
</td>
<td class="nump">1,596<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_IT', window );">Italy</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">2,136<span></span>
</td>
<td class="nump">2,011<span></span>
</td>
<td class="nump">2,039<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_BR', window );">Brazil</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">1,460<span></span>
</td>
<td class="nump">1,817<span></span>
</td>
<td class="nump">1,360<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_RO', window );">Romania</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">1,847<span></span>
</td>
<td class="nump">1,725<span></span>
</td>
<td class="nump">1,552<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CO', window );">Colombia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">1,183<span></span>
</td>
<td class="nump">1,009<span></span>
</td>
<td class="nump">746<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">944<span></span>
</td>
<td class="nump">758<span></span>
</td>
<td class="nump">561<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_ID', window );">Indonesia</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">495<span></span>
</td>
<td class="nump">506<span></span>
</td>
<td class="nump">521<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_JP', window );">Japan</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">379<span></span>
</td>
<td class="nump">399<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=ts_OtherGeographicalAreasMember', window );">Other</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfEmployees', window );">Number of employees</a></td>
<td class="nump">1,344<span></span>
</td>
<td class="nump">1,244<span></span>
</td>
<td class="nump">1,377<span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of personnel employed by the entity at a date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_MX">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_MX</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_IT">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_IT</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_BR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_BR</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_RO</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CO">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CO</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CA</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_ID</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_JP">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_JP</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=ts_OtherGeographicalAreasMember</td>
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<td></td>
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<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571474608">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 5 - Impairment charge (Details Textual) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse', window );">Discount rate used in current estimate of value in use</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_GrowthRatesUsedInCurrentEstimateOfValueInUse', window );">Growth rate used in current estimate of value in use</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 76,725<span></span>
</td>
<td class="nump">$ 57,075<span></span>
</td>
<td class="nump">$ 622,402<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">63,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">582,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember', window );">All other segments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 13,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse', window );">Discount rate used in current estimate of value in use</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13.40%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse', window );">Discount rate used in current estimate of value in use</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_OCTGUSAMember', window );">OCTG (USA) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">225,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_IPSCOMember', window );">IPSCO [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">357,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_CoiledTubingMember', window );">Coiled Tubing [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_RodsUSAMember', window );">Rods USA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 36,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=ts_NkktubesMember', window );">NKKTUBES [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">57,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CarryingAmountAfterImpairment', window );">Carrying amount after impairment</a></td>
<td class="nump">$ 53,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 53,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=ts_NkktubesMember', window );">NKKTUBES [member] | Tubes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems', window );"><strong>Disclosure of impairment loss recognised or reversed for cash-generating unit [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="nump">$ 57,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The discount rate used in the current estimate of the present value of the future cash flows expected to be derived from an asset or cash-generating unit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 130<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_130_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfImpairmentLossRecognisedOrReversedLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss or reversal of impairment loss recognised in profit or loss. [Refer: Impairment loss recognised in profit or loss; Reversal of impairment loss recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CarryingAmountAfterImpairment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The carrying amount after impairment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CarryingAmountAfterImpairment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_GrowthRatesUsedInCurrentEstimateOfValueInUse">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The growth rate used in the current estimate of the present value of the future cash flows expected to be derived from an asset or cash-generating unit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_GrowthRatesUsedInCurrentEstimateOfValueInUse</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ts_TubesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ts_TubesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=ifrs-full_AllOtherSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_OCTGUSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_OCTGUSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_IPSCOMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_IPSCOMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_CoiledTubingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_CoiledTubingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_RodsUSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=ts_RodsUSAMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=ts_NkktubesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571448960">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 6 - Other operating income and expenses (Details Textual) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Nov. 01, 2021</div></th>
<th class="th"><div>May 13, 2021</div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems', window );"><strong>Disclosure of detailed information about other operating income and expenses [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome', window );">Tax credit from PIS and COFINS recognized in other operating income</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 35,568<span></span>
</td>
<td class="nump">$ 8,164<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_InterestIncomeOnTaxAssets', window );">Tax credit from PIS and COFINS recognized in financial results</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 18,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_BusinessDivestituresAxis=ts_GenevaStructuralTubesLlcMember', window );">Geneva Structural Tubes LLC (&#8220;Geneva&#8221;) | MKK USA Inc</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems', window );"><strong>Disclosure of detailed information about other operating income and expenses [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfVotingEquityInterestsDivested', window );">Percentage of voting equity interests divested</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ConsiderationPaidReceived', window );">Aggregate selling price of subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 24,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost', window );">Gain on sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 6,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_BR', window );">Brazil | Subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems', window );"><strong>Disclosure of detailed information about other operating income and expenses [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity', window );">Tax expense (credit) from PIS and COFINS</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 53,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome', window );">Tax credit from PIS and COFINS recognized in other operating income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">36,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_InterestIncomeOnTaxAssets', window );">Tax credit from PIS and COFINS recognized in financial results</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity', window );">Tax charge related to gain from tax claims of PIS and COFINS</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 12,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="6"></td></tr>
<tr><td colspan="6"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">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 $<span style="border-left: none; border-right: none; line-height: inherit;">53</span> million tax credit in Brazilian subsidiaries, out of which $<span style="border-left: none; border-right: none; line-height: inherit;">36</span> million were recognized in other operating income and $<span style="border-left: none; border-right: none; line-height: inherit;">17</span> million in financial results (impacting in Finance Income and Finance Cost). In addition the tax charge related to this gain amounted to $<span style="border-left: none; border-right: none; line-height: inherit;">12</span> million.</td>
</tr></table></td></tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsiderationPaidReceived">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of consideration paid or received in respect of both obtaining and losing control of subsidiaries or other businesses. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 40<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_40_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsiderationPaidReceived</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in association with the loss of control over a subsidiary, which are attributable to the former controlling interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 19<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_19&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesRecognisedWhenControlInSubsidiaryIsLost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_InterestIncomeOnTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of interest income on tax assets during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_InterestIncomeOnTaxAssets</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentageOfVotingEquityInterestsDivested">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of the voting equity interests divested in a business divestiture.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentageOfVotingEquityInterestsDivested</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tax credit from Program of Social Integration (&#8220;PIS&#8221;) and Contribution for Financing of Social Security (&#8220;COFINS&#8221;) recognized in other operating income during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense (credit) from Program of Social Integration (&#8220;PIS&#8221;) and Contribution for Financing of Social Security (&#8220;COFINS&#8221;) during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense on gain from tax claims of Program of Social Integration (&#8220;PIS&#8221;) and Contribution for Financing of Social Security (&#8220;COFINS&#8221;) during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_BusinessDivestituresAxis=ts_GenevaStructuralTubesLlcMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_BusinessDivestituresAxis=ts_GenevaStructuralTubesLlcMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_BusinessDivestituresAcquirerAxis=ts_MkkUsaIncMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_BusinessDivestituresAcquirerAxis=ts_MkkUsaIncMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_BR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ifrs-full_SubsidiariesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665566124080">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 6 - Other operating income and expenses (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherOperatingIncomeAbstract', window );"><strong>Other operating income:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherOperatingIncomeNetIncomeFromOtherSales', window );">Net income from other sales</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 28,161<span></span>
</td>
<td class="nump">$ 10,694<span></span>
</td>
<td class="nump">$ 9,891<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RentalIncome', window );">Net rents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,084<span></span>
</td>
<td class="nump">5,314<span></span>
</td>
<td class="nump">5,501<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve', window );">Reclassification of currency translation adjustment reserve</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">71,252<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome', window );">Tax recovery in Brazilian subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="nump">35,568<span></span>
</td>
<td class="nump">8,164<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MiscellaneousOtherOperatingIncome', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
<td class="nump">16,290<span></span>
</td>
<td class="nump">9,837<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts', window );">Recovery on allowance for doubtful receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="nump">379<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherIncome', window );">Other operating income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">104,497<span></span>
</td>
<td class="nump">68,245<span></span>
</td>
<td class="nump">33,393<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherOperatingExpensesAbstract', window );"><strong>Other operating expenses:</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations', window );">Contributions to welfare projects and non-profits organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">13,668<span></span>
</td>
<td class="nump">6,697<span></span>
</td>
<td class="nump">12,989<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement', window );">Securities Exchange Commission investigation settlement</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="nump">78,100<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables', window );">Allowance for doubtful receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">346<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">1,263<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MiscellaneousOtherOperatingExpense', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12,595<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherExpenseByFunction', window );">Other operating expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 104,709<span></span>
</td>
<td class="nump">$ 6,697<span></span>
</td>
<td class="nump">$ 14,252<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">During <span style="border-left: none; border-right: none; line-height: inherit;">2022</span>, as result of NKKTubes&#8217; definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see note <span style="border-left: none; border-right: none; line-height: inherit;">35</span> &#8220;Other Relevant Information <span style="font-style: italic; line-height: inherit;">&#8211;</span><span style="font-style: italic; line-height: inherit;">A</span><span style="font-style: italic; line-height: inherit;">greement to terminate NKKTubes joint venture</span><span style="font-style: italic; line-height: inherit;">&#8221;</span><span style="font-style: italic; line-height: inherit;">.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">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 $<span style="border-left: none; border-right: none; line-height: inherit;">53</span> million tax credit in Brazilian subsidiaries, out of which $<span style="border-left: none; border-right: none; line-height: inherit;">36</span> million were recognized in other operating income and $<span style="border-left: none; border-right: none; line-height: inherit;">17</span> million in financial results (impacting in Finance Income and Finance Cost). In addition the tax charge related to this gain amounted to $<span style="border-left: none; border-right: none; line-height: inherit;">12</span> million.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">On November 1, 2021 the Company transferred <span style="border-left: none; border-right: none; line-height: inherit;">100</span>% of the shares of Geneva Structural Tubes LLC (&#8220;Geneva&#8221;) to MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan for an aggregate price of $<span style="border-left: none; border-right: none; line-height: inherit;">24.3</span> million. The gain of this transaction ascended to approximately $<span style="border-left: none; border-right: none; line-height: inherit;">6.8</span> million.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top">For more information see note <span style="border-left: none; border-right: none; line-height: inherit;">26</span> &#8220;Contingencies, commitments and restrictions to the distribution of profits - <span style="font-style: italic; line-height: inherit;">Contingencies - Petrobras-related proceedings and claims</span>&#8221;.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MiscellaneousOtherOperatingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of miscellaneous other operating expenses. [Refer: Other operating income (expense)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MiscellaneousOtherOperatingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MiscellaneousOtherOperatingIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of miscellaneous other operating income. [Refer: Other operating income (expense)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MiscellaneousOtherOperatingIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherExpenseByFunction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity does not separately disclose in the same statement or note when the entity uses the 'function of expense' form for its analysis of expenses.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35_b_vii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherExpenseByFunction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -Subparagraph b<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35_b_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RentalIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income recognised from rental activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RentalIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of other operating expense attributable to contributions to welfare projects and non-profits organizations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of other operating expense attributable to securities Exchange Commission investigation settlement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherOperatingExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherOperatingExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of other operating expenses attributable to allowance for doubtful receivables.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherOperatingExpensesAllowanceForDoubtfulReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherOperatingIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherOperatingIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherOperatingIncomeNetIncomeFromOtherSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of other operating income attributable to net income from other sales.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherOperatingIncomeNetIncomeFromOtherSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of other operating income attributable to reclassification of currency translation adjustment reserve.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of other operating income attributable to recovery on allowance for doubtful accounts.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tax credit from Program of Social Integration (&#8220;PIS&#8221;) and Contribution for Financing of Social Security (&#8220;COFINS&#8221;) recognized in other operating income during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615559056">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 7 - Financial Results (Details Textual) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfFinancialResultsLineItems', window );"><strong>Disclosure of Financial Results [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss', window );">Interest related to instruments carried at FVPL</a></td>
<td class="nump">$ 33.0<span></span>
</td>
<td class="nump">$ 3.3<span></span>
</td>
<td class="nump">$ 6.5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss', window );">Realized loss from change in fair value of financial instrument</a></td>
<td class="nump">10.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_InterestIncomeOnTaxAssets', window );">Non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 18.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_ArgentineSovereignBondsMember', window );">Argentine sovereign bonds</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfFinancialResultsLineItems', window );"><strong>Disclosure of Financial Results [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LossArisingFromDividendPaidInKind', window );">Loss arising from dividend paid in kind</a></td>
<td class="nump">$ 29.8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) on financial assets at fair value through profit or loss. [Refer: Financial assets at fair value through profit or loss]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20_a_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of interest income on financial assets designated at fair value through profit or loss. [Refer: Interest income; Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfFinancialResultsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Schedule disclosing information related to financial result.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfFinancialResultsLineItems</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of interest income on tax assets during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_InterestIncomeOnTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LossArisingFromDividendPaidInKind">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of loss arising from dividend paid in kind.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LossArisingFromDividendPaidInKind</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_ArgentineSovereignBondsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ts_ArgentineSovereignBondsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<td></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611617776">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 7 - Financial Results - Financial Income (Cost) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfFinancialResultsAbstract', window );"><strong>Disclosure of Financial Results [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RevenueFromInterest', window );">Interest Income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 86,112<span></span>
</td>
<td class="nump">$ 38,048<span></span>
</td>
<td class="nump">$ 21,625<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL', window );">Net result on changes in FV of financial assets at FVPL</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(6,092)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment result on financial assets at FVTOCI</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(3,238)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceIncome', window );">Finance Income (*)</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">80,020<span></span>
</td>
<td class="nump">38,048<span></span>
</td>
<td class="nump">18,387<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceCosts', window );">Finance cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(45,940)<span></span>
</td>
<td class="num">(23,677)<span></span>
</td>
<td class="num">(27,014)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Net foreign exchange transactions results</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">15,654<span></span>
</td>
<td class="nump">17,287<span></span>
</td>
<td class="num">(74,422)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeDerivativesContractsResults', window );">Foreign exchange derivatives contracts results</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="num">(25,666)<span></span>
</td>
<td class="num">(7,966)<span></span>
</td>
<td class="nump">19,644<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherFinanceCost', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[4]</sup></td>
<td class="num">(30,108)<span></span>
</td>
<td class="num">(1,026)<span></span>
</td>
<td class="num">(1,590)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherFinanceIncomeCost', window );">Other financial results</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(40,120)<span></span>
</td>
<td class="nump">8,295<span></span>
</td>
<td class="num">(56,368)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinanceIncomeCost', window );">Net financial results</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (6,040)<span></span>
</td>
<td class="nump">$ 22,666<span></span>
</td>
<td class="num">$ (64,995)<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Finance Income: </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span>, <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">33</span></span> million, $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">3.3</span></span> million and $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6.5</span></span> million of interest related to instruments carried at FVPL, respectively. </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> also includes a realized loss of $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">10.5</span></span> million related to the change in FV of certain financial instruments obtained in an operation of settlement of trade receivables.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> also includes $<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">18</span></span> million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6</span></span> to these Consolidated Financial Statements.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Net foreign exchange transactions results:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> mainly includes result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar, together with the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> mainly includes the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary, together with the result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar. </span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> 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. dollar, 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 reserve from our Brazilian subsidiaries. Also includes the negative result from the Mexican peso depreciation against the U.S. dollar on peso denominated trade, social, fiscal and financial positions at Mexican subsidiaries with functional currency U.S. dollar.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Foreign exchange derivatives contracts results:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2021</span></span> includes mainly losses on derivatives covering net liabilities in Euro and Japanese yen, partially offset by gains on derivatives covering net receivables in Brazilian real.</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2020</span></span> includes mainly gain on derivatives covering net receivables in Mexican peso, Brazilian real and Canadian dollar and net payables in Euro.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="font-style: italic; line-height: inherit;">Other:</span><br/><span style="color: #000000; line-height: inherit;">In <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2022</span></span> includes a loss of $<span style="border-left: none; border-right: none;">29.8</span> million related to the transfer of Argentine sovereign bonds paid as dividend in kind from an Argentinian subsidiary to its shareholders. For more information see note <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">28</span></span>.</span></span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of costs associated with financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income or cost associated with interest and other financing activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of exchange differences recognised in profit or loss that arise from foreign currency transactions, excluding those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9. [Refer: At fair value [member]; Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2022-03-24<br> -Paragraph 52<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=21&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_52_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossOnFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss on financial assets. [Refer: Financial assets; Impairment loss]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2023-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2017-en-b&amp;anchor=para_20_e&amp;doctype=Standard&amp;book=b<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossOnFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherFinanceCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of finance costs that the entity does not separately disclose in the same statement or note. [Refer: Finance costs]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherFinanceCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherFinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of finance income or cost that the entity does not separately disclose in the same statement or note. [Refer: Finance income (cost)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 85<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherFinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income arising from interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_e&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfFinancialResultsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfFinancialResultsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ForeignExchangeDerivativesContractsResults">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income or cost associated with foreign exchange derivatives contracts.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ForeignExchangeDerivativesContractsResults</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the net financial income on changes in fair value of financial assets at fair value through profit os loss.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611120480">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 8 - Income Tax (Details Textual) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations', window );">Charge related to withholding taxes for intra group international operations</a></td>
<td class="nump">$ 21<span></span>
</td>
<td class="nump">$ 23<span></span>
</td>
<td class="nump">$ 10<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Corporate income tax rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">35.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=ts_ArgentinaAndMexicoMember', window );">Argentina and Mexico</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TaxInflationAdjustments', window );">Tax inflation adjustments</a></td>
<td class="nump">$ 250<span></span>
</td>
<td class="nump">$ 113<span></span>
</td>
<td class="nump">$ 61<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The applicable income tax rate.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ApplicableTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfGeographicalAreasLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfGeographicalAreasLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of charge related to withholding taxes for intra group international operations during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TaxInflationAdjustments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount represents the difference between the after tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to expenses not deductible in determining profit (loss).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TaxInflationAdjustments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_AR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_AR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=ts_ArgentinaAndMexicoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=ts_ArgentinaAndMexicoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>123
<FILENAME>R102.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578922496">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 8 - Income Tax - Summary of Income Tax Expense (Benefit) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfIncomeTaxLineItems', window );"><strong>Disclosure of income tax [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTaxExpenseIncome', window );">Current tax</a></td>
<td class="num">$ (589,706)<span></span>
</td>
<td class="num">$ (215,467)<span></span>
</td>
<td class="num">$ (121,048)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncome', window );">Deferred tax</a></td>
<td class="num">(27,530)<span></span>
</td>
<td class="nump">26,019<span></span>
</td>
<td class="nump">97,898<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Tax charge</a></td>
<td class="num">$ (617,236)<span></span>
</td>
<td class="num">$ (189,448)<span></span>
</td>
<td class="num">$ (23,150)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 80<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_80_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense (income) relating to changes in deferred tax liabilities and deferred tax assets. [Refer: Deferred tax assets; Deferred tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph h<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 79<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfIncomeTaxLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfIncomeTaxLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>124
<FILENAME>R103.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571321296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 8 - Income Tax - Summary of Differences Between Income Tax and Theoretical Amount Using Tax Rate in Each Country (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfIncomeTaxLineItems', window );"><strong>Disclosure of income tax [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income tax</a></td>
<td class="nump">$ 3,165,937<span></span>
</td>
<td class="nump">$ 1,242,766<span></span>
</td>
<td class="num">$ (619,267)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ImpairmentLossReversalOfImpairmentLossNonDeductible', window );">Less impairment charges (non-deductible)</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">57,075<span></span>
</td>
<td class="nump">622,402<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax', window );">Income before income tax without impairment charges</a></td>
<td class="nump">3,165,937<span></span>
</td>
<td class="nump">1,299,841<span></span>
</td>
<td class="nump">3,135<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate', window );">Tax calculated at the tax rate in each country</a></td>
<td class="num">(705,727)<span></span>
</td>
<td class="num">(209,765)<span></span>
</td>
<td class="nump">21,052<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome', window );">Effect of currency translation on tax base</a></td>
<td class="num">(187,186)<span></span>
</td>
<td class="num">(76,043)<span></span>
</td>
<td class="num">(72,936)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TaxEffectFromChangeInTaxRate', window );">Changes in the tax rates</a></td>
<td class="num">(3,422)<span></span>
</td>
<td class="num">(29,881)<span></span>
</td>
<td class="num">(958)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TaxEffectOfTaxLosses', window );">Utilization of previously unrecognized tax losses</a></td>
<td class="nump">29,560<span></span>
</td>
<td class="nump">966<span></span>
</td>
<td class="nump">98<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss', window );">Tax revaluation, withholding tax and others</a></td>
<td class="nump">249,539<span></span>
</td>
<td class="nump">125,275<span></span>
</td>
<td class="nump">29,594<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Tax charge</a></td>
<td class="num">$ (617,236)<span></span>
</td>
<td class="num">$ (189,448)<span></span>
</td>
<td class="num">$ (23,150)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=26&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph h<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 79<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income in relation to exchange differences on the translation of financial statements of foreign operations. [Refer: Other comprehensive income; Reserve of exchange differences on translation]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph ab<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 90<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxEffectFromChangeInTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to changes in the tax rate. [Refer: Accounting profit]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxEffectFromChangeInTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxEffectOfTaxLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to tax losses. [Refer: Accounting profit]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxEffectOfTaxLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The product of the accounting profit multiplied by the applicable tax rate(s). [Refer: Accounting profit; Applicable tax rate]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxExpenseIncomeAtApplicableTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfIncomeTaxLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfIncomeTaxLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ImpairmentLossReversalOfImpairmentLossNonDeductible">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss or reversal of impairment loss non-deductible.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ImpairmentLossReversalOfImpairmentLossNonDeductible</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) before impairment loss or reversal of impairment loss recognised and income tax expense or income.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to revenues that are exempt from taxation and to expenses not deductible in determining taxable profit (tax loss).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TaxEffectOfRevenuesExemptFromTaxationAndExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611633152">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 9 - Dividends Distribution (Details Textual) - USD ($)<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Nov. 23, 2022</div></th>
<th class="th"><div>May 25, 2022</div></th>
<th class="th"><div>May 26, 2021</div></th>
<th class="th"><div>May 25, 2022</div></th>
<th class="th"><div>May 26, 2021</div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>May 03, 2022</div></th>
<th class="th"><div>Nov. 24, 2021</div></th>
<th class="th"><div>May 03, 2021</div></th>
<th class="th"><div>Nov. 25, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfDividendsDistributionAbstract', window );"><strong>Disclosure of Dividends Distribution [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PaymentsForDividendsApproved', window );">Payments for dividends approved</a></td>
<td class="nump">$ 201,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividends recognised as distributions to owners</a></td>
<td class="nump">$ 201,000<span></span>
</td>
<td class="nump">$ 331,000<span></span>
</td>
<td class="nump">$ 165,000<span></span>
</td>
<td class="nump">$ 484,000<span></span>
</td>
<td class="nump">$ 248,000<span></span>
</td>
<td class="nump">$ 541,674<span></span>
</td>
<td class="nump">$ 322,099<span></span>
</td>
<td class="nump">$ 87,938<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsPaidAmountPerShareIncludingInterimDividend', window );">Dividends paid, amount per share including interim dividend (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.13<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.07<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsPayableAmountPerShareIncludingInterimDividend', window );">Dividends payable, amount per share including interim dividend (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.41<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.21<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend', window );">Dividends paid, amount per ADS including interim dividend (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.26<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.14<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend', window );">Dividends payable, amount per ADS including interim dividend (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.82<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.42<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaidOrdinarySharesPerShare', window );">Dividends paid, ordinary shares per share (in dollars per share)</a></td>
<td class="nump">$ 0.17<span></span>
</td>
<td class="nump">$ 0.28<span></span>
</td>
<td class="nump">$ 0.14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsPaidPerAmericanDepositarySecurity', window );">Dividends paid, per ADS (in dollars per share)</a></td>
<td class="nump">$ 0.34<span></span>
</td>
<td class="nump">$ 0.56<span></span>
</td>
<td class="nump">$ 0.28<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 107<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_107&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidOrdinarySharesPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid per ordinary share.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 34<br> -IssueDate 2022-03-24<br> -Paragraph 16A<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=34&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16A_f&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidOrdinarySharesPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfDividendsDistributionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfDividendsDistributionAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid, amount per ADS including interim dividend.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsPaidAmountPerShareIncludingInterimDividend">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid per share including interim dividend.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsPaidAmountPerShareIncludingInterimDividend</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsPaidPerAmericanDepositarySecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid per American Depositary Security ("ADS"). Each ADS equals two shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsPaidPerAmericanDepositarySecurity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of a dividend payable including an interim dividend paid previously per American Depositary Security (ADS). Each ADS equals two shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsPayableAmountPerShareIncludingInterimDividend">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The per share amount of a dividend payable including an interim dividend previously paid.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsPayableAmountPerShareIncludingInterimDividend</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PaymentsForDividendsApproved">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends approved by Board of Directors.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PaymentsForDividendsApproved</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>126
<FILENAME>R105.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615258704">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 10 - Property, Plant and Equipment, Net (Details Textual) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PropertyPlantAndEquipmentCapitalizedInterest', window );">Property, plant and equipment, capitalized interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 30.4<span></span>
</td>
<td class="nump">$ 32.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_SA', window );">Saudi Arabia | Saudi Steel Pipe Company [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">47.79%<span></span>
</td>
<td class="nump">48.00%<span></span>
</td>
<td class="nump">48.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LandMember', window );">Land [member] | Saudi Arabia | Saudi Steel Pipe Company [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems', window );"><strong>Disclosure of detailed information about property, plant and equipment [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentRestrictionsOnTitle', window );">Restricted assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 56.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">All percentages rounded.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipmentRestrictionsOnTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant and equipment subject to restrictions on title. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 74<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_74_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentRestrictionsOnTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 19B<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PropertyPlantAndEquipmentCapitalizedInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of property plant and equipment capitalized interest.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PropertyPlantAndEquipmentCapitalizedInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_SA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_SA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SaudiSteelPipeCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SaudiSteelPipeCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LandMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_LandMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>127
<FILENAME>R106.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565600624">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 10 - Property, Plant and Equipment, Net - Components of Property, Plant and Equipment, Net (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">$ 5,824,801<span></span>
</td>
<td class="nump">$ 6,193,181<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">5,556,263<span></span>
</td>
<td class="nump">5,824,801<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_LandAndCivilBuildingsMember', window );">Land and civil buildings [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">690,163<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">663,491<span></span>
</td>
<td class="nump">690,163<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_IndustrialBuildingsPlantAndProductionEquipmentMember', window );">Industrial buildings, plant and production equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">4,864,817<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">4,543,523<span></span>
</td>
<td class="nump">4,864,817<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_VehiclesFurnitureAndFixturesMember', window );">Vehicles, furniture and fixtures [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">67,291<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">61,959<span></span>
</td>
<td class="nump">67,291<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ConstructionInProgressMember', window );">Work in progress [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">147,429<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">252,379<span></span>
</td>
<td class="nump">147,429<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_SparePartsAndEquipmentMember', window );">Spare parts and equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">55,101<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">34,911<span></span>
</td>
<td class="nump">55,101<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">14,522,526<span></span>
</td>
<td class="nump">14,498,005<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="num">(74,584)<span></span>
</td>
<td class="num">(149,899)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Increase due to business combinations</a></td>
<td class="nump">187<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">346,067<span></span>
</td>
<td class="nump">213,717<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="num">(394,361)<span></span>
</td>
<td class="num">(56,146)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="num">(16,188)<span></span>
</td>
<td class="nump">21,421<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,572)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">14,383,647<span></span>
</td>
<td class="nump">14,522,526<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member] | Land and civil buildings [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">830,104<span></span>
</td>
<td class="nump">839,584<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="num">(1,601)<span></span>
</td>
<td class="num">(5,084)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Increase due to business combinations</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="num">(22,569)<span></span>
</td>
<td class="num">(6,652)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="nump">9,829<span></span>
</td>
<td class="nump">2,448<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(200)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">815,763<span></span>
</td>
<td class="nump">830,104<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member] | Industrial buildings, plant and production equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">13,064,541<span></span>
</td>
<td class="nump">13,079,545<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="num">(71,347)<span></span>
</td>
<td class="num">(138,839)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Increase due to business combinations</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">2,271<span></span>
</td>
<td class="nump">15,238<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="num">(322,886)<span></span>
</td>
<td class="num">(35,130)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="nump">184,915<span></span>
</td>
<td class="nump">148,037<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,310)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">12,857,494<span></span>
</td>
<td class="nump">13,064,541<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member] | Vehicles, furniture and fixtures [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">420,930<span></span>
</td>
<td class="nump">414,757<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="num">(1,838)<span></span>
</td>
<td class="num">(5,042)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Increase due to business combinations</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">734<span></span>
</td>
<td class="nump">1,171<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="num">(33,562)<span></span>
</td>
<td class="num">(7,582)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="nump">16,221<span></span>
</td>
<td class="nump">17,688<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(62)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">402,485<span></span>
</td>
<td class="nump">420,930<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member] | Work in progress [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">147,429<span></span>
</td>
<td class="nump">102,226<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="nump">376<span></span>
</td>
<td class="num">(365)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Increase due to business combinations</a></td>
<td class="nump">187<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">334,912<span></span>
</td>
<td class="nump">192,470<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="num">(3,372)<span></span>
</td>
<td class="num">(150)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="num">(227,153)<span></span>
</td>
<td class="num">(146,752)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">252,379<span></span>
</td>
<td class="nump">147,429<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member] | Spare parts and equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="nump">59,522<span></span>
</td>
<td class="nump">61,893<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="num">(174)<span></span>
</td>
<td class="num">(569)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Increase due to business combinations</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment', window );">Additions</a></td>
<td class="nump">8,150<span></span>
</td>
<td class="nump">4,830<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="num">(11,972)<span></span>
</td>
<td class="num">(6,632)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="nump">55,526<span></span>
</td>
<td class="nump">59,522<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="num">(8,697,725)<span></span>
</td>
<td class="num">(8,304,824)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="num">(53,198)<span></span>
</td>
<td class="num">(103,149)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="nump">359,195<span></span>
</td>
<td class="nump">31,768<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment', window );">Impairment charge (See note 5)</a></td>
<td class="nump">76,043<span></span>
</td>
<td class="nump">56,671<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="num">(21,723)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">620<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation charge</a></td>
<td class="nump">487,732<span></span>
</td>
<td class="nump">471,767<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="num">(8,827,384)<span></span>
</td>
<td class="num">(8,697,725)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member] | Land and civil buildings [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="num">(139,941)<span></span>
</td>
<td class="num">(132,458)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="num">(289)<span></span>
</td>
<td class="num">(1,292)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="nump">955<span></span>
</td>
<td class="nump">961<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment', window );">Impairment charge (See note 5)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="num">(2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation charge</a></td>
<td class="nump">13,577<span></span>
</td>
<td class="nump">9,736<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="num">(152,272)<span></span>
</td>
<td class="num">(139,941)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member] | Industrial buildings, plant and production equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="num">(8,199,724)<span></span>
</td>
<td class="num">(7,830,120)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="num">(51,283)<span></span>
</td>
<td class="num">(97,236)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="nump">321,334<span></span>
</td>
<td class="nump">24,379<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment', window );">Impairment charge (See note 5)</a></td>
<td class="nump">75,722<span></span>
</td>
<td class="nump">51,470<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="num">(21,506)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">567<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation charge</a></td>
<td class="nump">432,648<span></span>
</td>
<td class="nump">440,316<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="num">(8,313,971)<span></span>
</td>
<td class="num">(8,199,724)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member] | Vehicles, furniture and fixtures [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="num">(353,639)<span></span>
</td>
<td class="num">(342,246)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="num">(1,756)<span></span>
</td>
<td class="num">(4,621)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="nump">32,485<span></span>
</td>
<td class="nump">6,428<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment', window );">Impairment charge (See note 5)</a></td>
<td class="nump">321<span></span>
</td>
<td class="nump">780<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="num">(215)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">53<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation charge</a></td>
<td class="nump">21,022<span></span>
</td>
<td class="nump">21,715<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="num">(340,526)<span></span>
</td>
<td class="num">(353,639)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member] | Work in progress [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment', window );">Impairment charge (See note 5)</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation charge</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member] | Spare parts and equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract', window );"><strong>Reconciliation of changes in property, plant and equipment [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Beginning of the year</a></td>
<td class="num">(4,421)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment', window );">Currency translation adjustment</a></td>
<td class="nump">130<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment', window );">Disposals / Consumptions</a></td>
<td class="nump">4,421<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment', window );">Impairment charge (See note 5)</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">4,421<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment', window );">Transfers / Reclassifications</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationPropertyPlantAndEquipment', window );">Depreciation charge</a></td>
<td class="nump">20,485<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">End of the year</a></td>
<td class="num">$ (20,615)<span></span>
</td>
<td class="num">$ (4,421)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase in property, plant and equipment resulting from acquisitions through business combinations. [Refer: Business combinations [member]; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to property, plant and equipment other than those acquired through business combinations. [Refer: Business combinations [member]; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in property, plant and equipment resulting from the loss of control of a subsidiary. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation of property, plant and equipment. [Refer: Depreciation and amortisation expense; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -Clause vii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e_vii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 75<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_75_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in property, plant and equipment resulting from disposals and retirements. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisposalsAndRetirementsPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss recognised in profit or loss for property, plant and equipment. [Refer: Impairment loss recognised in profit or loss; Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -Clause v<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e_v&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 98<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_98_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in property, plant and equipment resulting from net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -Clause viii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e_viii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in property, plant and equipment resulting from transfers. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment</td>
</tr>
<tr>
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<tr>
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</tr>
<tr>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 73<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
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<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract</td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_LandAndCivilBuildingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_LandAndCivilBuildingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
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<td></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_IndustrialBuildingsPlantAndProductionEquipmentMember</td>
</tr>
<tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_VehiclesFurnitureAndFixturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_ConstructionInProgressMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ts_SparePartsAndEquipmentMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575427520">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 11 - Intangible Assets, Net (Details Textual)<br> $ in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill at end of period</a></td>
<td class="nump">$ 1,085.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=srt_NorthAmericaMember', window );">North America [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill at end of period</a></td>
<td class="nump">939.2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=srt_SouthAmericaMember', window );">South America [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill at end of period</a></td>
<td class="nump">111.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=ts_MiddleEastAndAfricaMember', window );">Middle East and Africa [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill at end of period</a></td>
<td class="nump">33.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=srt_EuropeMember', window );">Europe [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill at end of period</a></td>
<td class="nump">$ 1.9<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 134<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_134_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 135<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_135_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Paragraph B67<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B67_d&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_Goodwill</td>
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<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=srt_SouthAmericaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=srt_SouthAmericaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=ts_MiddleEastAndAfricaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=ts_MiddleEastAndAfricaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=srt_EuropeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=srt_EuropeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>129
<FILENAME>R108.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565928560">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 11 - Intangible Assets, Net - Intangible Assets and Goodwill (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th" colspan="2"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,372,176<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,332,508<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 1,372,176<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ts_InformationSystemProjectsMember', window );">Information system projects [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">50,848<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">53,355<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">50,848<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ts_LicensesPatentsAndTrademarksMember', window );">Licenses, patents and trademarks [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">156,304<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">152,574<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">156,304<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_GoodwillMember', window );">Goodwill [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,084,644<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,085,052<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,084,644<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer-related intangible assets [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">80,380<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">41,527<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">80,380<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,877,471<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">5,868,965<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,538)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(7,941)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Increase due to business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">4,019<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,379<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">25,801<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill', window );">Transfers / Reclassifications</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(5,535)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(7,539)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(509,563)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="num">(1,815)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,397,233<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">5,877,471<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member] | Information system projects [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">650,155<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">637,352<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,626)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(6,466)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Increase due to business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">31,427<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">22,830<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill', window );">Transfers / Reclassifications</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(5,535)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(2,902)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(58,947)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="num">(659)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">614,474<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">650,155<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member] | Licenses, patents and trademarks [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">547,527<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">550,500<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(151)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Increase due to business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="nump">4,019<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">952<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,971<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill', window );">Transfers / Reclassifications</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(4,637)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(1,507)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="num">(1,156)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">550,991<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">547,527<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member] | Goodwill [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,468,638<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,469,962<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,088<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,324)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Increase due to business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill', window );">Transfers / Reclassifications</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,469,726<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,468,638<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member] | Customer-related intangible assets [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,211,151<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,211,151<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Increase due to business combinations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill', window );">Transfers / Reclassifications</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(449,109)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,762,042<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,211,151<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(4,505,295)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(4,439,909)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,496)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(6,014)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">70,772<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">71,519<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill', window );">Impairment charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">682<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">404<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">509,528<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">523<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(4,064,725)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(4,505,295)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member] | Information system projects [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(599,307)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(577,359)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,496)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(6,014)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">23,218<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">28,072<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill', window );">Impairment charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">404<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">58,912<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">514<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(561,119)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(599,307)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member] | Licenses, patents and trademarks [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(391,223)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(382,531)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">8,701<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">8,701<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill', window );">Impairment charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">1,507<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(398,417)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(391,223)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member] | Goodwill [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,383,994)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,383,994)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill', window );">Impairment charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">680<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,384,674)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(1,383,994)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member] | Customer-related intangible assets [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInIntangibleAssetsAndGoodwillAbstract', window );"><strong>Reconciliation of changes in intangible assets and goodwill [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,130,771)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(2,096,025)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Currency translation adjustment</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill', window );">Amortization charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">38,853<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">34,746<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill', window );">Impairment charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill', window );">Disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">449,109<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (1,720,515)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">$ (2,130,771)<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Includes Proprietary Technology.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;">Related to Parques E&#243;licos de la Buena Ventura S.A. acquisition, for more information see note </span><span style="border-left: none; border-right: none;">33</span><span style="border-right: none; border-left: none;"> to these Consolidated Financial Statements.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">Mainly related to fully depreciated assets following the deconsolidation of a Canadian subsidiary of the Company.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase in intangible assets and goodwill resulting from acquisitions through business combinations. [Refer: Business combinations [member]; Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 118<br> -Subparagraph e<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_118_e_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to intangible assets other than goodwill, other than those acquired through business combinations. [Refer: Business combinations [member]; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 118<br> -Subparagraph e<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_118_e_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of amortisation of intangible assets other than goodwill. [Refer: Depreciation and amortisation expense; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 118<br> -Subparagraph e<br> -Clause vi<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_118_e_vi&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisposalsIntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in intangible assets and goodwill resulting from disposals. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 118<br> -Subparagraph e<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_118_e_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisposalsIntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss recognised in profit or loss for intangible assets and goodwill. [Refer: Impairment loss recognised in profit or loss; Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 118<br> -Subparagraph e<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_118_e_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill</td>
</tr>
<tr>
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<td>xbrli:monetaryItemType</td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in intangible assets and goodwill resulting from the net exchange differences arising when the financial statements are translated from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 118<br> -Subparagraph e<br> -Clause vii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_118_e_vii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in intangible assets and goodwill resulting from transfers and changes that the entity does not separately disclose in the same statement or note. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2022-03-24<br> -Paragraph 118<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=38&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_118_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets and goodwill held by the entity. [Refer: Goodwill; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575342544">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 11 - Intangible Assets, Net - Goodwill Allocated by CGU (Details)<br> $ in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($)</div>
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</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">$ 1,085<span></span>
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<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Tamsa (Hydril and other) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">365<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Siderca (Hydril and other) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">358<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Hydril [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">309<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Other CGU [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">53<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Hydrill acquisition [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">920<span></span>
</td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Hydrill acquisition [member] | Tamsa (Hydril and other) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">346<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Hydrill acquisition [member] | Siderca (Hydril and other) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">265<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Hydrill acquisition [member] | Hydril [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">309<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Hydrill acquisition [member] | Other CGU [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Other acquisition [member]</a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">165<span></span>
</td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Other acquisition [member] | Tamsa (Hydril and other) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">19<span></span>
</td>
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<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Other acquisition [member] | Siderca (Hydril and other) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">93<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Other acquisition [member] | Hydril [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SegmentsAxis=ts_TubesMember', window );">Tubes [member] | Other acquisition [member] | Other CGU [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems', window );"><strong>Disclosure of information for cash-generating units [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill</a></td>
<td class="nump">$ 53<span></span>
</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 134<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_134_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 135<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_135_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Paragraph B67<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B67_d&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576055312">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Right-of-use Assets, Net and Lease Liabilities (Details Textual) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems', window );"><strong>Disclosure of maturity analysis of operating lease payments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 5,207<span></span>
</td>
<td class="nump">$ 103,329<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LeaseLiabilitiesCapitalRepayments', window );">Repayments of lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">52,400<span></span>
</td>
<td class="nump">48,500<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestExpenseOnLeaseLiabilities', window );">Interest expense on lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,500<span></span>
</td>
<td class="nump">2,500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=ts_NkktubesMember', window );">NKKTUBES [member] | Lease agreements</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems', window );"><strong>Disclosure of maturity analysis of operating lease payments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Net disposals</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LeaseLiabilitiesCancellations', window );">Cancellations of lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 95,800<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Not later than one year [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems', window );"><strong>Disclosure of maturity analysis of operating lease payments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_RemainingLeasePaymentsToBeMadePercentage', window );">Remaining lease payments to be made, percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">25.50%<span></span>
</td>
<td class="nump">29.50%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">Later than one year and not later than five years [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems', window );"><strong>Disclosure of maturity analysis of operating lease payments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_RemainingLeasePaymentsToBeMadePercentage', window );">Remaining lease payments to be made, percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">47.50%<span></span>
</td>
<td class="nump">33.60%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Later than five years [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems', window );"><strong>Disclosure of maturity analysis of operating lease payments [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_RemainingLeasePaymentsToBeMadePercentage', window );">Remaining lease payments to be made, percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">27.00%<span></span>
</td>
<td class="nump">36.90%<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">For <span style="border-left: none; border-right: none;">2021</span>, includes $<span style="border-left: none; border-right: none;">95.8</span> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpenseOnLeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of interest expense on lease liabilities. [Refer: Lease liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 53<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_53_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseOnLeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisposalsConsumptionsRightOfUseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in right-of-use assets resulting from disposals and consumptions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisposalsConsumptionsRightOfUseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LeaseLiabilitiesCancellations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the change in lease liabilities during the period attributable to cancellations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LeaseLiabilitiesCancellations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LeaseLiabilitiesCapitalRepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of capital repayments of lease liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LeaseLiabilitiesCapitalRepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_RemainingLeasePaymentsToBeMadePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of total remaining payments to be made.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_RemainingLeasePaymentsToBeMadePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=ts_NkktubesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=ts_NkktubesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfContractsAxis=ts_LeaseAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfContractsAxis=ts_LeaseAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
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<head>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575715792">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Right-of-use Assets, Net and Lease Liabilities - Evolution of Right-of-use Assets (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="nump">$ 108,738<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">111,741<span></span>
</td>
<td class="nump">$ 108,738<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross carrying amount [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="nump">198,154<span></span>
</td>
<td class="nump">333,905<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="num">(779)<span></span>
</td>
<td class="num">(1,339)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsToRightofuseAssets', window );">Additions</a></td>
<td class="nump">56,506<span></span>
</td>
<td class="nump">22,326<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="num">(53,161)<span></span>
</td>
<td class="num">(156,741)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">200,720<span></span>
</td>
<td class="nump">198,154<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember', window );">Accumulated depreciation, amortisation and impairment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="num">(89,416)<span></span>
</td>
<td class="num">(91,952)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="num">(399)<span></span>
</td>
<td class="num">(474)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationRightofuseAssets', window );">Depreciation charge</a></td>
<td class="nump">49,219<span></span>
</td>
<td class="nump">51,435<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="num">(49,257)<span></span>
</td>
<td class="num">(53,500)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="num">(88,979)<span></span>
</td>
<td class="num">(89,416)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_LandAndCivilBuildingsMember', window );">Land and civil buildings [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="nump">22,077<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">24,637<span></span>
</td>
<td class="nump">22,077<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_LandAndCivilBuildingsMember', window );">Land and civil buildings [member] | Gross carrying amount [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="nump">46,082<span></span>
</td>
<td class="nump">41,932<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="nump">52<span></span>
</td>
<td class="num">(187)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsToRightofuseAssets', window );">Additions</a></td>
<td class="nump">15,872<span></span>
</td>
<td class="nump">6,010<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="num">(5,166)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="num">(13,270)<span></span>
</td>
<td class="num">(1,673)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">43,570<span></span>
</td>
<td class="nump">46,082<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_LandAndCivilBuildingsMember', window );">Land and civil buildings [member] | Accumulated depreciation, amortisation and impairment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="num">(24,005)<span></span>
</td>
<td class="num">(15,142)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="num">(9)<span></span>
</td>
<td class="num">(37)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationRightofuseAssets', window );">Depreciation charge</a></td>
<td class="nump">8,965<span></span>
</td>
<td class="nump">9,882<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="num">(3,974)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="num">(10,054)<span></span>
</td>
<td class="num">(982)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="num">(18,933)<span></span>
</td>
<td class="num">(24,005)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_IndustrialBuildingsPlantAndProductionEquipmentMember', window );">Industrial buildings, plant and production equipment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="nump">77,089<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">72,883<span></span>
</td>
<td class="nump">77,089<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_IndustrialBuildingsPlantAndProductionEquipmentMember', window );">Industrial buildings, plant and production equipment [member] | Gross carrying amount [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="nump">131,816<span></span>
</td>
<td class="nump">273,358<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="num">(414)<span></span>
</td>
<td class="num">(592)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsToRightofuseAssets', window );">Additions</a></td>
<td class="nump">31,778<span></span>
</td>
<td class="nump">10,127<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="num">(1,317)<span></span>
</td>
<td class="num">(274)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="num">(36,186)<span></span>
</td>
<td class="num">(150,803)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">125,677<span></span>
</td>
<td class="nump">131,816<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_IndustrialBuildingsPlantAndProductionEquipmentMember', window );">Industrial buildings, plant and production equipment [member] | Accumulated depreciation, amortisation and impairment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="num">(54,727)<span></span>
</td>
<td class="num">(67,993)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="num">(139)<span></span>
</td>
<td class="num">(177)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationRightofuseAssets', window );">Depreciation charge</a></td>
<td class="nump">32,767<span></span>
</td>
<td class="nump">35,964<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="nump">1,431<span></span>
</td>
<td class="nump">96<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="num">(35,992)<span></span>
</td>
<td class="num">(49,149)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="num">(52,794)<span></span>
</td>
<td class="num">(54,727)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_VehiclesFurnitureAndFixturesMember', window );">Vehicles, furniture and fixtures [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="nump">9,572<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">13,249<span></span>
</td>
<td class="nump">9,572<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_VehiclesFurnitureAndFixturesMember', window );">Vehicles, furniture and fixtures [member] | Gross carrying amount [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="nump">20,256<span></span>
</td>
<td class="nump">18,615<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="num">(417)<span></span>
</td>
<td class="num">(560)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsToRightofuseAssets', window );">Additions</a></td>
<td class="nump">7,674<span></span>
</td>
<td class="nump">6,189<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="nump">6,483<span></span>
</td>
<td class="nump">277<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="num">(3,705)<span></span>
</td>
<td class="num">(4,265)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">30,291<span></span>
</td>
<td class="nump">20,256<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_VehiclesFurnitureAndFixturesMember', window );">Vehicles, furniture and fixtures [member] | Accumulated depreciation, amortisation and impairment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="num">(10,684)<span></span>
</td>
<td class="num">(8,817)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="num">(251)<span></span>
</td>
<td class="num">(260)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationRightofuseAssets', window );">Depreciation charge</a></td>
<td class="nump">7,277<span></span>
</td>
<td class="nump">5,589<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="nump">2,543<span></span>
</td>
<td class="num">(93)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="num">(3,211)<span></span>
</td>
<td class="num">(3,369)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="num">(17,042)<span></span>
</td>
<td class="num">(10,684)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember', window );">Other assets [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">972<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember', window );">Other assets [member] | Gross carrying amount [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionsToRightofuseAssets', window );">Additions</a></td>
<td class="nump">1,182<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="nump">1,182<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember', window );">Other assets [member] | Accumulated depreciation, amortisation and impairment [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract', window );"><strong>Reconciliation of changes in right of use assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation beginning of the year</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets', window );">Currency translation adjustment</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DepreciationRightofuseAssets', window );">Depreciation charge</a></td>
<td class="nump">210<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets', window );">Transfers / Reclassifications</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisposalsConsumptionsRightOfUseAssets', window );">Disposals</a></td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RightofuseAssets', window );">Cost and Depreciation end of the year</a></td>
<td class="num">$ (210)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;">Includes net disposals of $</span><span style="border-left: none; border-right: none;">96.6</span><span style="border-right: none; border-left: none;"> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsToRightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of additions to right-of-use assets. [Refer: Right-of-use assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 53<br> -Subparagraph h<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_53_h&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsToRightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationRightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation of right-of-use assets. [Refer: Depreciation and amortisation expense; Right-of-use assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 53<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_53_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationRightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RightofuseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that represent a lessee's right to use an underlying asset for the lease term. Underlying asset is an asset that is the subject of a lease, for which the right to use that asset has been provided by a lessor to a lessee.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 53<br> -Subparagraph j<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_53_j&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RightofuseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisposalsConsumptionsRightOfUseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in right-of-use assets resulting from disposals and consumptions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisposalsConsumptionsRightOfUseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in right-of-use assets resulting from net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_IncreaseDecreaseThroughNetExchangeDifferencesRightOfUseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in right-of-use assets resulting from transfers, reclassifications and other changes.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_IncreaseDecreaseThroughTransfersReclassificationsAndOtherChangesRightOfUseAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ReconciliationOfChangesInRightOfUseAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ReconciliationOfChangesInRightOfUseAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_LandAndCivilBuildingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_LandAndCivilBuildingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_IndustrialBuildingsPlantAndProductionEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_IndustrialBuildingsPlantAndProductionEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_VehiclesFurnitureAndFixturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_VehiclesFurnitureAndFixturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>133
<FILENAME>R112.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611872480">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 12 - Right-of-use Assets, Net and Lease Liabilities - Evolution of Lease Liability (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PresentationOfLeasesForLesseeAbstract', window );"><strong>Presentation of leases for lessee [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Opening net book amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 117,285<span></span>
</td>
<td class="nump">$ 257,343<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LeaseLiabilitiesTranslationDifferences', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(3,922)<span></span>
</td>
<td class="num">(11,350)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LeaseLiabilitiesAdditions', window );">Additions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">56,459<span></span>
</td>
<td class="nump">22,261<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LeaseLiabilitiesCancellations', window );">Cancellations</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(5,207)<span></span>
</td>
<td class="num">(103,329)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LeaseLiabilitiesRepayments', window );">Repayments</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(55,874)<span></span>
</td>
<td class="num">(50,998)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LeaseLiabilitiesInterestAccrued', window );">Interest accrued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,436<span></span>
</td>
<td class="nump">3,358<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LeaseLiabilities', window );">Ending net book amount</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 112,177<span></span>
</td>
<td class="nump">$ 117,285<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">For <span style="border-left: none; border-right: none;">2021</span>, includes $<span style="border-left: none; border-right: none;">95.8</span> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">For <span style="border-left: none; border-right: none;">2022</span> includes repayments of $<span style="border-left: none; border-right: none;">52.4</span> million in capital and $<span style="border-left: none; border-right: none;">3.5</span> million of interest, and for <span style="border-left: none; border-right: none;">2021</span> includes repayments of $<span style="border-left: none; border-right: none;">48.5</span> million in capital and $<span style="border-left: none; border-right: none;">2.5</span> million of interest.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LeaseLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities related to the entity's leases. Lease is a contract, or part of a contract, that conveys the right to use an underlying asset for a period of time in exchange for consideration.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 47<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LeaseLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PresentationOfLeasesForLesseeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PresentationOfLeasesForLesseeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LeaseLiabilitiesAdditions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of additions to lease liabilities during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LeaseLiabilitiesAdditions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LeaseLiabilitiesCancellations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the change in lease liabilities during the period attributable to cancellations.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LeaseLiabilitiesCancellations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LeaseLiabilitiesInterestAccrued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the change in lease liabilities during the period attributable to interest accrued.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LeaseLiabilitiesInterestAccrued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LeaseLiabilitiesRepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the change in lease liabilities during the period from repayments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LeaseLiabilitiesRepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LeaseLiabilitiesTranslationDifferences">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the impact of translation differences on lease liabilities during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LeaseLiabilitiesTranslationDifferences</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>134
<FILENAME>R113.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565255296">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 13 - Investments in Non-consolidated Companies (Details Textual)<br></strong></div></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($) </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($) </div>
<div>$ / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2021 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>R$ / shares</div>
</th>
<th class="th">
<div>Feb. 13, 2019 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities', window );">Dividends received from associates, classified as investing activities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 66,162,000<span></span>
</td>
<td class="nump">$ 75,929,000<span></span>
</td>
<td class="nump">$ 278,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Total investments in subsidiaries, joint ventures and associates</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,540,646,000<span></span>
</td>
<td class="nump">$ 1,540,646,000<span></span>
</td>
<td class="nump">1,383,774,000<span></span>
</td>
<td class="nump">$ 957,352,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForecastPeriodOfCashFlowProjections', window );">Forecast period of cash flow projections</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections', window );">Nominal growth rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse', window );">Discount rate used in current estimate of value in use</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">13.50%<span></span>
</td>
<td class="nump">13.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies', window );">Impairment loss in non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (34,041,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsDeclaredByNonconsolidatedCompanies', window );">Dividends and distributions declared</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">64,189,000<span></span>
</td>
<td class="nump">78,926,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=ts_PAOPSeverstalMember', window );">PAO Severstal [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies', window );">Impairment loss in non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=ts_SaudiSteelPipeCompanyMember', window );">Saudi Steel Pipe Company [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CorporateGuaranteeCoveringObligations', window );">Corporate guarantee covering obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 137,500,000<span></span>
</td>
<td class="nump">137,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_TechgenSAMember', window );">Techgen s.a. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Total investments in subsidiaries, joint ventures and associates</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">41,500,000<span></span>
</td>
<td class="nump">41,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumAndUsiminasMember', window );">Ternium and Usiminas [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsDeclaredByNonconsolidatedCompanies', window );">Dividends and distributions declared</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 66,200,000<span></span>
</td>
<td class="nump">$ 75,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInAssociate', window );">Proportion of voting rights held in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5.19%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished', window );">Fair value of investments in associates for which there are quoted market prices</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">53,600,000<span></span>
</td>
<td class="nump">$ 53,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Total investments in subsidiaries, joint ventures and associates</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 109,500,000<span></span>
</td>
<td class="nump">$ 109,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.07%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PeriodOverWhichManagementHasProjectedCashFlows', window );">Period over which management has projected cash flows</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForecastPeriodOfCashFlowProjections', window );">Forecast period of cash flow projections</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections', window );">Nominal growth rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies', window );">Impairment loss in non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 19,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member] | Ordinary shares [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ClosingPricePerShare', window );">Closing price, per share (in BRL per share) | (per share)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1.42<span></span>
</td>
<td class="nump">$ 1.42<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 7.41<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member] | Preference shares [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ClosingPricePerShare', window );">Closing price, per share (in BRL per share) | (per share)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1.37<span></span>
</td>
<td class="nump">1.37<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 7.16<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember', window );">Ternium S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ClosingPricePerAmericanDepositarySecurity', window );">Closing price, per ads (in dollars per share) | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 30.56<span></span>
</td>
<td class="nump">$ 30.56<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished', window );">Fair value of investments in associates for which there are quoted market prices</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 702,000,000<span></span>
</td>
<td class="nump">$ 702,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Total investments in subsidiaries, joint ventures and associates</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,363,600,000<span></span>
</td>
<td class="nump">$ 1,363,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11.46%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ExposureToTransportationCapacityAgreements', window );">Exposure to transportation capacity agreements</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">42,500,000<span></span>
</td>
<td class="nump">$ 42,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ExposureToPurchaseAndOtherServiceAgreements', window );">Exposure to purchase and other service agreements</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">900,000<span></span>
</td>
<td class="nump">900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ExposureToThePurchaseOfCleanEnergyCertificates', window );">Exposure to the purchase of clean energy certificates</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17,200,000<span></span>
</td>
<td class="nump">17,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LoansAndReceivables', window );">Loans and receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">264,200,000<span></span>
</td>
<td class="nump">264,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member] | Tenaris [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LoansAndReceivables', window );">Loans and receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 58,100,000<span></span>
</td>
<td class="nump">$ 58,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ProportionOfCorporateGuaranteeCoveringObligations', window );">Proportion of corporate guarantee covering obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">22.00%<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member] | Several banks, to refinance obligations [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Debt instruments issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 640,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member] | Tecpetrol International S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member] | Tenaris SA [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DebtServiceCoverageRatioCoveredPercent', window );">Debt service coverage ratio, covered, percent</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">22.00%<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LettersOfCreditCovered', window );">Letters of credit, covered</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 10,300<span></span>
</td>
<td class="nump">$ 10,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member] | Ternium S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">48.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember', window );">Global Pipe Company [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Total investments in subsidiaries, joint ventures and associates</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 23,000,000<span></span>
</td>
<td class="nump">$ 23,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">35.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember', window );">Global Pipe Company [Member] | Saudi Steel Pipe Company [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">22.30%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CorporateGuaranteeCoveringObligations', window );">Corporate guarantee covering obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 84,000,000<span></span>
</td>
<td class="nump">$ 84,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ProportionOfOwnershipInterestPurchaseInAssociate', window );">Proportion of ownership interest in associate after acquisitions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">57.30%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember', window );">Global Pipe Company [Member] | EEW [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">35.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Consideration transferred, acquisition-date fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 9,900,000<span></span>
</td>
<td class="nump">$ 9,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember', window );">Global Pipe Company [Member] | Other Stakeholder [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="7"></td></tr>
<tr><td colspan="7"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Includes an impairment of $<span style="border-left: none; border-right: none;">19.1</span> million related to the investment in Usiminas and $14.9 million related to the joint venture with</span><span style="line-height: inherit;"> PAO</span><span style="line-height: inherit;"> Severstal</span><span style="line-height: inherit;"> (&#8220;Severstal&#8221;)</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"> For more information see note </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">6</span></span><span style="line-height: inherit;">.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Related to Ternium</span><span style="line-height: inherit;"> and Usiminas</span><span style="line-height: inherit;">. During </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">202</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2</span></span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">20</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1</span></span></span><span style="line-height: inherit;"> $</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">66.2</span></span><span style="line-height: inherit;">&#160;million and</span><span style="line-height: inherit;">$</span><span style="border-left: none; border-right: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">75.9</span></span></span></span><span style="line-height: inherit;"> million</span><span style="line-height: inherit;"> respectively</span><span style="line-height: inherit;"> were collected</span><span style="line-height: inherit;">.</span></span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Paragraph B64<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B64_f&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments issued by the entity that represent indebtedness.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The discount rate used in the current estimate of the present value of the future cash flows expected to be derived from an asset or cash-generating unit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 130<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_130_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfDiscountRatesUsedInCurrentEstimateOfValueInUse</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The growth rate used to extrapolate cash flow projections beyond the period covered by the most recent budgets/forecasts for a cash-generating unit (group of units). [Refer: Cash-generating units [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 134<br> -Subparagraph d<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_134_d_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2022-03-24<br> -Paragraph 134<br> -Subparagraph e<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=36&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_134_e_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash inflow representing dividends received from associates, classified as investing activities. [Refer: Associates [member]; Dividends received]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceivedFromAssociatesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The fair value of investments in associates if there are quoted market prices for the investment. [Refer: Associates [member]; Investments in associates reported in separate financial statements]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in subsidiaries, joint ventures and associates in an entity's separate financial statements. [Refer: Associates [member]; Joint ventures [member]; Subsidiaries [member]; Investments in subsidiaries reported in separate financial statements]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LoansAndReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-derivative financial assets with fixed or determinable payments that are not quoted in an active market, other than: (a) those that the entity intends to sell immediately or in the near term, which shall be classified as held for trading, and those that the entity, upon initial recognition, designates as at fair value through profit or loss; (b) those that the entity, upon initial recognition, designates as available for sale; or (c) those for which the holder may not recover substantially all of its initial investment, other than because of credit deterioration, which shall be classified as available for sale. An interest acquired in a pool of assets that are not loans or receivables (for example, an interest in a mutual fund or a similar fund) is not a loan or receivable. [Refer: Derivative financial assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2023-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 8<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2017-en-b&amp;anchor=para_8_c&amp;doctype=Standard&amp;book=b<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LoansAndReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in an associate attributable to the entity. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfVotingPowerHeldInAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of the voting rights in an associate held by the entity. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfVotingPowerHeldInAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ClosingPricePerAmericanDepositarySecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of a closing price per American Depositary Security (ADS) as quoted on the New York Stock Exchange. Each ADS equals two shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ClosingPricePerAmericanDepositarySecurity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ClosingPricePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the quoted closing price per share of stock.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ClosingPricePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CorporateGuaranteeCoveringObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of a corporate guarantee that covers obligations made under a loan agreement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CorporateGuaranteeCoveringObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DebtServiceCoverageRatioCoveredPercent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percent amount of covered debt service coverage ratio.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DebtServiceCoverageRatioCoveredPercent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsDeclaredByNonconsolidatedCompanies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of divdends declared by nonconsolidated companies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsDeclaredByNonconsolidatedCompanies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ExposureToPurchaseAndOtherServiceAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of exposure related to contracts for the purchase of power generation equipment and other services related to the equipment.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ExposureToPurchaseAndOtherServiceAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ExposureToThePurchaseOfCleanEnergyCertificates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of exposure to the purchase of clean energy certificates.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ExposureToThePurchaseOfCleanEnergyCertificates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ExposureToTransportationCapacityAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of exposure risk from transportation capacity agreements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ExposureToTransportationCapacityAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ForecastPeriodOfCashFlowProjections">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The forecast period of cash flow projections used in cash-generating units.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ForecastPeriodOfCashFlowProjections</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss recognised in profit or loss in non-consolidated companies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LettersOfCreditCovered">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of covered letters of credit.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LettersOfCreditCovered</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PeriodOverWhichManagementHasProjectedCashFlows">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Period over which management has projected cash flows based on financial budgets/forecasts approved by management.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PeriodOverWhichManagementHasProjectedCashFlows</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ProportionOfCorporateGuaranteeCoveringObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the proportion of a corporate guarantee that covers obligations made under a syndicated loan agreement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ProportionOfCorporateGuaranteeCoveringObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ProportionOfOwnershipInterestPurchaseInAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest after acquisitions in a joint operation attributable to the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ProportionOfOwnershipInterestPurchaseInAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=ts_PAOPSeverstalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=ts_PAOPSeverstalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=ts_SaudiSteelPipeCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=ts_SaudiSteelPipeCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_TechgenSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TechgenSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumAndUsiminasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumAndUsiminasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_TenarisMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TenarisMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=ts_SeveralBanksToRefinanceObligationsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=ts_SeveralBanksToRefinanceObligationsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ts_TecpetrolInternationalSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=ts_TecpetrolInternationalSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ts_TenarisSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=ts_TenarisSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TerniumSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TerniumSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_EewMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_EewMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_OtherStakeholderMember">
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<tr>
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<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_OtherStakeholderMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>135
<FILENAME>R114.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571414096">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 13 - Investments in Non-consolidated Companies - Summary of Investments in Non-consolidated Companies (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract', window );"><strong>Reconciliation of changes in investments in subsidiaries joint ventures and associates [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,383,774<span></span>
</td>
<td class="nump">$ 957,352<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,336<span></span>
</td>
<td class="num">(11,085)<span></span>
</td>
<td class="num">$ (31,977)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies', window );">Equity in earnings of non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">242,743<span></span>
</td>
<td class="nump">512,591<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies', window );">Impairment loss in non-consolidated companies</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(34,041)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsDeclaredByNonconsolidatedCompanies', window );">Dividends and distributions declared</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="num">(64,189)<span></span>
</td>
<td class="num">(78,926)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax', window );">Increase in equity reserves and others</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,023<span></span>
</td>
<td class="nump">3,842<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,540,646<span></span>
</td>
<td class="nump">$ 1,383,774<span></span>
</td>
<td class="nump">$ 957,352<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Includes an impairment of $<span style="border-left: none; border-right: none;">19.1</span> million related to the investment in Usiminas and $14.9 million related to the joint venture with</span><span style="line-height: inherit;"> PAO</span><span style="line-height: inherit;"> Severstal</span><span style="line-height: inherit;"> (&#8220;Severstal&#8221;)</span><span style="line-height: inherit;">.</span><span style="line-height: inherit;"> For more information see note </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">6</span></span><span style="line-height: inherit;">.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">Related to Ternium</span><span style="line-height: inherit;"> and Usiminas</span><span style="line-height: inherit;">. During </span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">202</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2</span></span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">20</span></span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1</span></span></span><span style="line-height: inherit;"> $</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">66.2</span></span><span style="line-height: inherit;">&#160;million and</span><span style="line-height: inherit;">$</span><span style="border-left: none; border-right: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">75.9</span></span></span></span><span style="line-height: inherit;"> million</span><span style="line-height: inherit;"> respectively</span><span style="line-height: inherit;"> were collected</span><span style="line-height: inherit;">.</span></span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in subsidiaries, joint ventures and associates in an entity's separate financial statements. [Refer: Associates [member]; Joint ventures [member]; Subsidiaries [member]; Investments in subsidiaries reported in separate financial statements]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsDeclaredByNonconsolidatedCompanies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of divdends declared by nonconsolidated companies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsDeclaredByNonconsolidatedCompanies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss recognised in profit or loss in non-consolidated companies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income (loss) from equity method investments in non-consolidated companies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income (loss), net of tax, attributable to non-consolidated companies related to exchange differences when financial statements of foreign operations are translated.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ReconciliationOfChangesInInvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the other comprehensive income of associates and joint ventures accounted for using the equity method, including dividends declared, net of tax.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571117584">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 13 - Investments in Non-consolidated Companies - Principal Non-consolidated Companies (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,540,646<span></span>
</td>
<td class="nump">$ 1,383,774<span></span>
</td>
<td class="nump">$ 957,352<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember', window );">Ternium S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11.46%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,363,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember', window );">Ternium S.A. [member] | LUXEMBOURG</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">11.46%<span></span>
</td>
<td class="nump">11.46%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 1,363,607<span></span>
</td>
<td class="nump">$ 1,210,206<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3.07%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 109,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member] | Brazil</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">3.07%<span></span>
</td>
<td class="nump">3.07%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 109,534<span></span>
</td>
<td class="nump">$ 103,106<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">22.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member] | Mexico</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">22.00%<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 41,506<span></span>
</td>
<td class="nump">$ 29,397<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember', window );">Global Pipe Company [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">35.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 23,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember', window );">Global Pipe Company [Member] | SAUDI ARABIA</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">35.00%<span></span>
</td>
<td class="nump">35.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 23,022<span></span>
</td>
<td class="nump">$ 21,523<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_OtherMember', window );">Other [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates', window );">Value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,977<span></span>
</td>
<td class="nump">$ 19,542<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="line-height: inherit;">Including treasury shares.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">At December 31,</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">1</span></span><span style="line-height: inherit;">the voting rights were </span><span style="border-right: none; border-left: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">5.19</span></span></span><span style="line-height: inherit;">%</span><span style="line-height: inherit;">.</span></span></span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in subsidiaries, joint ventures and associates in an entity's separate financial statements. [Refer: Associates [member]; Joint ventures [member]; Subsidiaries [member]; Investments in subsidiaries reported in separate financial statements]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 10<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInAssociate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in an associate attributable to the entity. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInAssociate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_LU">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_LU</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_BR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_BR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_MX">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_MX</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_GlobalPipeCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_SA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_SA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_OtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_OtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>137
<FILENAME>R116.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665566144864">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 13 - Investments in Non-consolidated Companies - Summary of Selected Financial Information (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">$ 9,081,650<span></span>
</td>
<td class="nump">$ 9,468,258<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">8,468,596<span></span>
</td>
<td class="nump">4,981,173<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">17,550,246<span></span>
</td>
<td class="nump">14,449,431<span></span>
</td>
<td class="nump">$ 13,716,189<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">727,386<span></span>
</td>
<td class="nump">784,084<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">2,788,423<span></span>
</td>
<td class="nump">1,559,645<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Total liabilities</a></td>
<td class="nump">3,515,809<span></span>
</td>
<td class="nump">2,343,729<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">14,034,437<span></span>
</td>
<td class="nump">12,105,702<span></span>
</td>
<td class="nump">11,446,473<span></span>
</td>
<td class="nump">$ 12,186,372<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">128,728<span></span>
</td>
<td class="nump">145,124<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenues</a></td>
<td class="nump">11,762,526<span></span>
</td>
<td class="nump">6,521,207<span></span>
</td>
<td class="nump">5,146,734<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">4,674,787<span></span>
</td>
<td class="nump">1,909,605<span></span>
</td>
<td class="nump">1,059,417<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income for the year attributable to owners of the parent</a></td>
<td class="nump">2,553,280<span></span>
</td>
<td class="nump">1,100,191<span></span>
</td>
<td class="num">(634,418)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent', window );">Total comprehensive income for the year, net of tax, attributable to owners of the parent</a></td>
<td class="nump">2,476,373<span></span>
</td>
<td class="nump">1,016,434<span></span>
</td>
<td class="num">$ (643,435)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember', window );">Ternium S.A. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">8,647,510<span></span>
</td>
<td class="nump">8,491,363<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">8,844,038<span></span>
</td>
<td class="nump">8,606,544<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">17,491,548<span></span>
</td>
<td class="nump">17,097,907<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">1,506,325<span></span>
</td>
<td class="nump">1,649,105<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">2,216,832<span></span>
</td>
<td class="nump">3,213,764<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Total liabilities</a></td>
<td class="nump">3,723,157<span></span>
</td>
<td class="nump">4,862,869<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">13,768,391<span></span>
</td>
<td class="nump">12,235,038<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">1,922,434<span></span>
</td>
<td class="nump">1,700,019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenues</a></td>
<td class="nump">16,414,466<span></span>
</td>
<td class="nump">16,090,744<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">3,927,184<span></span>
</td>
<td class="nump">6,195,674<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income for the year attributable to owners of the parent</a></td>
<td class="nump">1,767,516<span></span>
</td>
<td class="nump">3,825,068<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Non-current assets</a></td>
<td class="nump">3,764,453<span></span>
</td>
<td class="nump">3,491,103<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Current assets</a></td>
<td class="nump">3,901,844<span></span>
</td>
<td class="nump">3,583,814<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">7,666,297<span></span>
</td>
<td class="nump">7,074,917<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Non-current liabilities</a></td>
<td class="nump">1,671,249<span></span>
</td>
<td class="nump">1,575,321<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Current liabilities</a></td>
<td class="nump">1,033,524<span></span>
</td>
<td class="nump">1,134,663<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Total liabilities</a></td>
<td class="nump">2,704,773<span></span>
</td>
<td class="nump">2,709,984<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">4,961,524<span></span>
</td>
<td class="nump">4,364,933<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">523,741<span></span>
</td>
<td class="nump">467,551<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Revenues</a></td>
<td class="nump">6,296,964<span></span>
</td>
<td class="nump">6,269,569<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GrossProfit', window );">Gross profit</a></td>
<td class="nump">1,110,439<span></span>
</td>
<td class="nump">2,101,336<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income for the year attributable to owners of the parent</a></td>
<td class="nump">$ 319,979<span></span>
</td>
<td class="nump">$ 1,687,682<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to owners of the parent. [Refer: Comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81B_b_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2023-01-01: The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.
Effective 2023-01-01: The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have the right at the end of the reporting period to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 69<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 24<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GrossProfit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue less cost of sales. [Refer: Cost of sales; Revenue]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossProfit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of a present obligation of the entity to transfer an economic resource as a result of past events. Economic resource is a right that has the potential to produce economic benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2022-03-24<br> -Paragraph 93<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=13&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 12<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2022-03-24<br> -Paragraph 22<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=10&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph q<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 66<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 69<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing and discontinued operations attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 28<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 23<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 32<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 5<br> -IssueDate 2022-03-24<br> -Paragraph 33<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=5&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_33_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B10<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 82<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 10: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 103<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 102<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611280368">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Note 14 - Receivables - Non Current - Components of Receivables Non Current (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentReceivablesAbstract', window );"><strong>Trade and other non-current receivables [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentReceivablesEmployeeAdvancesAndLoans', window );">Employee advances and loans</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 11,908<span></span>
</td>
<td class="nump">$ 8,117<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax', window );">Tax credits</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">27,333<span></span>
</td>
<td class="nump">53,210<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentReceivablesDueFromRelatedParties', window );">Receivables from related parties</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">67,921<span></span>
</td>
<td class="nump">61,841<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NonCurrentLegalDeposits', window );">Legal deposits</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,394<span></span>
</td>
<td class="nump">9,041<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances', window );">Advances to suppliers and other advances</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">28,779<span></span>
</td>
<td class="nump">9,878<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentReceivablesFromInterestInVenezuelanCompanies', window );">Receivable Venezuelan subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">48,659<span></span>
</td>
<td class="nump">48,659<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentReceivables', window );">Others</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">17,726<span></span>
</td>
<td class="nump">15,142<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentReceivables', window );">Trade and other non-current receivables before the allowance for doubtful accounts</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 211,720<span></span>
</td>
<td class="nump">$ 205,888<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times;">As of December 31, 2022 and 2021 respectively, included approximately $8 million and $36 million related to PIS and COFINS (Federal Social Contributions on Gross Revenues) tax recovery on Brazilian subsidiaries.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current trade receivables and non-current other receivables. [Refer: Non-current trade receivables; Other non-current receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph h<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_h&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentReceivablesDueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current receivables due from related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentReceivablesDueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current receivables from taxes other than income tax. [Refer: Receivables from taxes other than income tax]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current other receivables. [Refer: Other receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NonCurrentLegalDeposits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current legal deposits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NonCurrentLegalDeposits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current receivables from advances to suppliers and other advances.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NoncurrentReceivablesEmployeeAdvancesAndLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current receivables from employee advances and loans.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NoncurrentReceivablesEmployeeAdvancesAndLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NoncurrentReceivablesFromInterestInVenezuelanCompanies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current receivables from interest in Venezuelan companies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NoncurrentReceivablesFromInterestInVenezuelanCompanies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578906192">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Note 14 - Receivables - Non Current - Components of Receivables Non Current  (Parenthetical) (Detail) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentReceivablesLineItems', window );"><strong>Non-current Receivables [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax', window );">Tax recovery of PIS and COFINS credits</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 27,333<span></span>
</td>
<td class="nump">$ 53,210<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TaxesAxis=ts_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember', window );">PIS and COFINS [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentReceivablesLineItems', window );"><strong>Non-current Receivables [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax', window );">Tax recovery of PIS and COFINS credits</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 8,000<span></span>
</td>
<td class="nump">$ 36,000<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times;">As of December 31, 2022 and 2021 respectively, included approximately $8 million and $36 million related to PIS and COFINS (Federal Social Contributions on Gross Revenues) tax recovery on Brazilian subsidiaries.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current receivables from taxes other than income tax. [Refer: Receivables from taxes other than income tax]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NoncurrentReceivablesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NoncurrentReceivablesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TaxesAxis=ts_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TaxesAxis=ts_SocialIntegrationProgramPisAndContributionForSocialSecurityFinancingCofinsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</body>
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<head>
<title></title>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665578388032">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 15 - Inventories, Net - Components of Inventories (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfInventoriesAbstract', window );"><strong>Classes of current inventories [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinishedGoods', window );">Finished goods</a></td>
<td class="nump">$ 1,592,706<span></span>
</td>
<td class="nump">$ 1,113,011<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_WorkInProgress', window );">Goods in process</a></td>
<td class="nump">936,555<span></span>
</td>
<td class="nump">707,665<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RawMaterials', window );">Raw materials</a></td>
<td class="nump">606,977<span></span>
</td>
<td class="nump">358,552<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProductionSupplies', window );">Supplies</a></td>
<td class="nump">542,636<span></span>
</td>
<td class="nump">485,815<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInventoriesInTransit', window );">Goods in transit</a></td>
<td class="nump">530,721<span></span>
</td>
<td class="nump">253,324<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_InventoriesGross', window );">Inventories, Gross</a></td>
<td class="nump">4,209,595<span></span>
</td>
<td class="nump">2,918,367<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_InventoriesAllowanceForObsolescence', window );">Allowance for obsolescence, see note 24 (i)</a></td>
<td class="num">(222,666)<span></span>
</td>
<td class="num">(245,774)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Inventories', window );">Total current inventories</a></td>
<td class="nump">$ 3,986,929<span></span>
</td>
<td class="nump">$ 2,672,593<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfInventoriesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfInventoriesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentInventoriesInTransit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A classification of current inventory representing the amount of inventories in transit. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2022-03-24<br> -Paragraph 37<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_37&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentInventoriesInTransit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinishedGoods">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A classification of current inventory representing the amount of goods that have completed the production process and are held for sale in the ordinary course of business. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2022-03-24<br> -Paragraph 37<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_37&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinishedGoods</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Inventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current inventories. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2022-03-24<br> -Paragraph 36<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_36_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Inventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductionSupplies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A classification of current inventory representing the amount of supplies to be used for the production process. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2022-03-24<br> -Paragraph 37<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_37&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductionSupplies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RawMaterials">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A classification of current inventory representing the amount of assets to be consumed in the production process or in the rendering of services. [Refer: Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2022-03-24<br> -Paragraph 37<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_37&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RawMaterials</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WorkInProgress">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A classification of current inventory representing the amount of assets currently in production, which require further processes to be converted into finished goods or services. [Refer: Current finished goods; Inventories]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 2<br> -IssueDate 2022-03-24<br> -Paragraph 37<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=2&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_37&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WorkInProgress</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_InventoriesAllowanceForObsolescence">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of the allowance for obsolescence for inventories.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_InventoriesAllowanceForObsolescence</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_InventoriesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of inventories before allowance for obsolescence.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_InventoriesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>141
<FILENAME>R120.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576334448">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 16 - Receivables and Prepayments, Net - Summary of Receivables and Prepayments (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract', window );"><strong>Current prepayments and current accrued income [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables', window );">Prepaid expenses and other receivables</a></td>
<td class="nump">$ 47,419<span></span>
</td>
<td class="nump">$ 38,080<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentReceivablesAndPrepaymentsGovernmentEntities', window );">Government entities</a></td>
<td class="nump">18,121<span></span>
</td>
<td class="nump">2,363<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans', window );">Employee advances and loans</a></td>
<td class="nump">10,701<span></span>
</td>
<td class="nump">5,974<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances', window );">Advances to suppliers and other advances</a></td>
<td class="nump">41,549<span></span>
</td>
<td class="nump">17,225<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax', window );">Government tax refunds on exports</a></td>
<td class="nump">8,898<span></span>
</td>
<td class="nump">8,419<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties', window );">Receivables from related parties</a></td>
<td class="nump">19,184<span></span>
</td>
<td class="nump">5,919<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherCurrentReceivables', window );">Others</a></td>
<td class="nump">41,418<span></span>
</td>
<td class="nump">21,502<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentReceivablesAndPrepaymentsGross', window );">Receivables and prepayments, gross</a></td>
<td class="nump">187,290<span></span>
</td>
<td class="nump">99,482<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentAllowanceForOtherDoubtfulAccounts', window );">Allowance for other doubtful accounts, see note 24 (i)</a></td>
<td class="num">(3,479)<span></span>
</td>
<td class="num">(3,206)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets', window );">Current prepayments and other current assets</a></td>
<td class="nump">$ 183,811<span></span>
</td>
<td class="nump">$ 96,276<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current prepayments and other current assets. [Refer: Other current assets; Current prepayments]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPrepaymentsAndOtherCurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current receivables from taxes other than income tax. [Refer: Receivables from taxes other than income tax]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentReceivablesFromTaxesOtherThanIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current other receivables. [Refer: Other receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentAllowanceForOtherDoubtfulAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents a valuation allowance for other doubtful accounts due to an Entity within one year (or one operating cycle if longer) that are expected to be uncollectible.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentAllowanceForOtherDoubtfulAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentPrepaymentsAndCurrentAccruedIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of advances to suppliers and other advances that are attributable to current receivables and prepayments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of employee advances and loans that are attributable to current receivables and prepayments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentReceivablesAndPrepaymentsGovernmentEntities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of government entities attributable to current receivables and prepayments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentReceivablesAndPrepaymentsGovernmentEntities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentReceivablesAndPrepaymentsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gross amount of current receivables and prepayments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentReceivablesAndPrepaymentsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of prepaid expenses and other receivables attributable to current receivables and prepayments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current receivables from related parties that are attributable to receivables and prepayments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>142
<FILENAME>R121.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576230864">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 17 - Current Tax Assets and Liabilities - Summary of Current Tax Assets (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract', window );"><strong>Disclosure of Current Tax Receivables and Payables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentIncomeTaxAssets', window );">Income tax assets</a></td>
<td class="nump">$ 24,812<span></span>
</td>
<td class="nump">$ 16,394<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentValueAddedTaxReceivables', window );">V.A.T. credits</a></td>
<td class="nump">218,009<span></span>
</td>
<td class="nump">176,202<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentPrepaidTaxes', window );">Other prepaid taxes</a></td>
<td class="nump">315<span></span>
</td>
<td class="nump">425<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTaxAssetsCurrent', window );">Current tax assets, current</a></td>
<td class="nump">$ 243,136<span></span>
</td>
<td class="nump">$ 193,021<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax assets. [Refer: Current tax assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph n<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentValueAddedTaxReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current value added tax receivables. [Refer: Value added tax receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentValueAddedTaxReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentIncomeTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current income tax assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentIncomeTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentPrepaidTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of current prepaid taxes.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentPrepaidTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>143
<FILENAME>R122.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571436848">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 17 - Current Tax Assets and Liabilities - Summary of Current Tax Liabilities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract', window );"><strong>Disclosure of Current Tax Receivables and Payables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentIncomeTaxLiabilities', window );">Income tax liabilities</a></td>
<td class="nump">$ 280,469<span></span>
</td>
<td class="nump">$ 73,352<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentValueAddedTaxPayables', window );">V.A.T. liabilities</a></td>
<td class="nump">17,228<span></span>
</td>
<td class="nump">12,955<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentOtherTaxLiabilities', window );">Other taxes</a></td>
<td class="nump">78,543<span></span>
</td>
<td class="nump">57,179<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilitiesCurrent', window );">Current tax liabilities, current</a></td>
<td class="nump">$ 376,240<span></span>
</td>
<td class="nump">$ 143,486<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax liabilities. [Refer: Current tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph n<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentValueAddedTaxPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current value added tax payables. [Refer: Value added tax payables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentValueAddedTaxPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentIncomeTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current income tax liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentIncomeTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentOtherTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of current other tax liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentOtherTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfCurrentTaxReceivablesAndPayablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>144
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665581020224">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 18 - Trade Receivables, Net - Summary of Current Trade Receivables (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherReceivablesAbstract', window );"><strong>Trade and other receivables [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesCurrentAccounts', window );">Current accounts</a></td>
<td class="nump">$ 2,479,035<span></span>
</td>
<td class="nump">$ 1,313,934<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties', window );">Receivables from related parties</a></td>
<td class="nump">60,400<span></span>
</td>
<td class="nump">32,258<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesGross', window );">Current trade receivables, gross</a></td>
<td class="nump">2,539,435<span></span>
</td>
<td class="nump">1,346,192<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts', window );">Allowance for doubtful accounts, see note 24 (i)</a></td>
<td class="num">(45,495)<span></span>
</td>
<td class="num">(47,120)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Current trade receivables</a></td>
<td class="nump">$ 2,493,940<span></span>
</td>
<td class="nump">$ 1,299,072<span></span>
</td>
<td class="nump">$ 968,148<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current receivables due from related parties. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherReceivablesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherReceivablesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents a valuation allowance for trade receivables due to an Entity within one year (or one operating cycle if longer) that are expected to be uncollectible.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentTradeReceivablesAllowanceForDoubtfulAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentTradeReceivablesCurrentAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of current accounts attributable to current trade receivables.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentTradeReceivablesCurrentAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentTradeReceivablesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gross amount of current trade receivables.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentTradeReceivablesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610898224">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 18 - Trade Receivables, Net - Summary of the Aging of Trade Receivables (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesGuaranteed', window );">Guaranteed</a></td>
<td class="nump">$ 265,898<span></span>
</td>
<td class="nump">$ 195,848<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesNotGuaranteed', window );">Not guaranteed</a></td>
<td class="nump">2,273,537<span></span>
</td>
<td class="nump">1,150,344<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesGross', window );">Guaranteed and not guaranteed</a></td>
<td class="nump">$ 2,539,435<span></span>
</td>
<td class="nump">$ 1,346,192<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesExpectedLossRate', window );">Expected loss rate</a></td>
<td class="nump">0.06%<span></span>
</td>
<td class="nump">0.06%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AllowanceForDoubtfulAccountsNetOfNominativeAllowances', window );">Allowances for doubtful accounts</a></td>
<td class="num">$ (1,657)<span></span>
</td>
<td class="num">$ (833)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts', window );">Nominative allowances for doubtful accounts</a></td>
<td class="num">(43,838)<span></span>
</td>
<td class="num">(46,287)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Net Value</a></td>
<td class="nump">2,493,940<span></span>
</td>
<td class="nump">1,299,072<span></span>
</td>
<td class="nump">$ 968,148<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_CurrentTradeReceivablesNotDueMember', window );">Current trade receivables, not due [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesGuaranteed', window );">Guaranteed</a></td>
<td class="nump">237,784<span></span>
</td>
<td class="nump">185,238<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesNotGuaranteed', window );">Not guaranteed</a></td>
<td class="nump">1,756,707<span></span>
</td>
<td class="nump">951,356<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesGross', window );">Guaranteed and not guaranteed</a></td>
<td class="nump">$ 1,994,491<span></span>
</td>
<td class="nump">$ 1,136,594<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesExpectedLossRate', window );">Expected loss rate</a></td>
<td class="nump">0.03%<span></span>
</td>
<td class="nump">0.04%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AllowanceForDoubtfulAccountsNetOfNominativeAllowances', window );">Allowances for doubtful accounts</a></td>
<td class="num">$ (654)<span></span>
</td>
<td class="num">$ (401)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts', window );">Nominative allowances for doubtful accounts</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Net Value</a></td>
<td class="nump">1,993,837<span></span>
</td>
<td class="nump">1,136,193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_CurrentTradeReceivablesPastDueLessThan180DaysMember', window );">Current trade receivables, past due, less than 180 days [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesGuaranteed', window );">Guaranteed</a></td>
<td class="nump">27,431<span></span>
</td>
<td class="nump">9,894<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesNotGuaranteed', window );">Not guaranteed</a></td>
<td class="nump">465,423<span></span>
</td>
<td class="nump">148,412<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesGross', window );">Guaranteed and not guaranteed</a></td>
<td class="nump">$ 492,854<span></span>
</td>
<td class="nump">$ 158,306<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesExpectedLossRate', window );">Expected loss rate</a></td>
<td class="nump">0.18%<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AllowanceForDoubtfulAccountsNetOfNominativeAllowances', window );">Allowances for doubtful accounts</a></td>
<td class="num">$ (920)<span></span>
</td>
<td class="num">$ (367)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts', window );">Nominative allowances for doubtful accounts</a></td>
<td class="num">(1,541)<span></span>
</td>
<td class="num">(1,391)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Net Value</a></td>
<td class="nump">490,393<span></span>
</td>
<td class="nump">156,548<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember', window );">Current trade receivables, past due, greater than 180 days [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesGuaranteed', window );">Guaranteed</a></td>
<td class="nump">683<span></span>
</td>
<td class="nump">716<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesNotGuaranteed', window );">Not guaranteed</a></td>
<td class="nump">51,407<span></span>
</td>
<td class="nump">50,576<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesGross', window );">Guaranteed and not guaranteed</a></td>
<td class="nump">$ 52,090<span></span>
</td>
<td class="nump">$ 51,292<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesExpectedLossRate', window );">Expected loss rate</a></td>
<td class="nump">0.77%<span></span>
</td>
<td class="nump">0.84%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AllowanceForDoubtfulAccountsNetOfNominativeAllowances', window );">Allowances for doubtful accounts</a></td>
<td class="num">$ (83)<span></span>
</td>
<td class="num">$ (65)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts', window );">Nominative allowances for doubtful accounts</a></td>
<td class="num">(42,297)<span></span>
</td>
<td class="num">(44,896)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Net Value</a></td>
<td class="nump">$ 9,710<span></span>
</td>
<td class="nump">$ 6,331<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 68<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_AllowanceForDoubtfulAccountsNetOfNominativeAllowances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of allowance for doubtful accounts, net of nominative allowances.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AllowanceForDoubtfulAccountsNetOfNominativeAllowances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentTradeReceivablesExpectedLossRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The expected loss rate of current trade receivables.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentTradeReceivablesExpectedLossRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentTradeReceivablesGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gross amount of current trade receivables.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentTradeReceivablesGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentTradeReceivablesGuaranteed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount current trade receivables that are guaranteed.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentTradeReceivablesGuaranteed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of nominative allowances for doubtful accounts from current trade receivables.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentTradeReceivablesNotGuaranteed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of current trade receivables that are not guaranteed.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentTradeReceivablesNotGuaranteed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_CurrentTradeReceivablesNotDueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_CurrentTradeReceivablesNotDueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_CurrentTradeReceivablesPastDueLessThan180DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_CurrentTradeReceivablesPastDueLessThan180DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_CurrentTradeReceivablesPastDueGreaterThan180DaysMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565551728">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 19 - Cash and Cash Equivalents and Other Investments - Components of Cash and Cash Equivalents and Other Investments (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsAbstract', window );"><strong>Cash and cash equivalents</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BalancesWithBanks', window );">Cash at banks</a></td>
<td class="nump">$ 149,424<span></span>
</td>
<td class="nump">$ 167,455<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents', window );">Liquidity funds</a></td>
<td class="nump">422,859<span></span>
</td>
<td class="nump">105,697<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents', window );">Short-term investments</a></td>
<td class="nump">519,244<span></span>
</td>
<td class="nump">44,975<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Total cash and cash equivalents</a></td>
<td class="nump">1,091,527<span></span>
</td>
<td class="nump">318,127<span></span>
</td>
<td class="nump">$ 584,681<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherInvestmentsCurrentAbstract', window );"><strong>Other investments - current</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherInvestmentsCurrentFixedIncome', window );">Fixed income (time-deposit, zero coupon bonds, commercial papers)</a></td>
<td class="nump">196,152<span></span>
</td>
<td class="nump">239,742<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherInvestmentsCurrentBondsAndOtherFixedIncome', window );">Bonds and other fixed income</a></td>
<td class="nump">211,953<span></span>
</td>
<td class="nump">158,107<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherInvestmentsCurrentFundInvestments', window );">Fund investments</a></td>
<td class="nump">30,343<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentInvestments', window );">Other investments</a></td>
<td class="nump">438,448<span></span>
</td>
<td class="nump">397,849<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherInvestmentsNoncurrentAbstract', window );"><strong>Other investments - non-current</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome', window );">Bonds and other fixed income</a></td>
<td class="nump">113,574<span></span>
</td>
<td class="nump">312,619<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherInvestmentsNoncurrentOthers', window );">Others</a></td>
<td class="nump">6,328<span></span>
</td>
<td class="nump">7,635<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod', window );">Other investments</a></td>
<td class="nump">$ 119,902<span></span>
</td>
<td class="nump">$ 320,254<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BalancesWithBanks">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash balances held at banks.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BalancesWithBanks</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph B13<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current investments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current investments other than investments accounted for using the equity method. [Refer: Investments accounted for using equity method; Non-current assets; Investments other than investments accounted for using equity method]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A classification of cash equivalents representing short-term deposits. [Refer: Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermDepositsClassifiedAsCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A classification of cash equivalents representing short-term investments. [Refer: Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 45<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherInvestmentsCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherInvestmentsCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherInvestmentsCurrentBondsAndOtherFixedIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of bonds and other fixed income current investments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherInvestmentsCurrentBondsAndOtherFixedIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherInvestmentsCurrentFixedIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of fixed income current investments which may include but not limited to time-deposit, zero coupon bonds, commercial papers.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherInvestmentsCurrentFixedIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherInvestmentsCurrentFundInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current investment related to fund investments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherInvestmentsCurrentFundInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherInvestmentsNoncurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherInvestmentsNoncurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of bonds and other fixed income non-current investments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherInvestmentsNoncurrentBondsAndOtherFixedIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherInvestmentsNoncurrentOthers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Others' with proposed documentation "The amount of other non-current investments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherInvestmentsNoncurrentOthers</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575600272">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 20 - Borrowings - Non-current and Current Borrowings (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentCostsOfIssueOfDebt', window );">Non-current costs of issue of debt</a></td>
<td class="text"> <span></span>
</td>
<td class="num">$ (20)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Total non-current portion of non-current borrowings</a></td>
<td class="nump">46,433<span></span>
</td>
<td class="nump">111,432<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentCostsOfIssueOfDebt', window );">Current costs of issue of debt</a></td>
<td class="num">(20)<span></span>
</td>
<td class="num">(125)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Total current borrowings and current portion of non-current borrowings</a></td>
<td class="nump">682,329<span></span>
</td>
<td class="nump">219,501<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total Borrowings</a></td>
<td class="nump">728,762<span></span>
</td>
<td class="nump">330,933<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_BankBorrowingsMember', window );">Bank borrowings [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt', window );">Non-current borrowings before costs of issue of debt</a></td>
<td class="nump">46,433<span></span>
</td>
<td class="nump">111,452<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt', window );">Current borrowings before costs of issue of debt</a></td>
<td class="nump">682,255<span></span>
</td>
<td class="nump">219,566<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_BankOverdrafts1Member', window );">Bank overdrafts [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt', window );">Current borrowings before costs of issue of debt</a></td>
<td class="nump">$ 94<span></span>
</td>
<td class="nump">$ 60<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current borrowings and current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current borrowings before the costs of issue of debt.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentBorrowingsBeforeCostsOfIssueOfDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentCostsOfIssueOfDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of costs of issue of debt classified as current.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentCostsOfIssueOfDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current borrowings before the costs of issue of debt.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NoncurrentBorrowingsBeforeCostsOfIssueOfDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NoncurrentCostsOfIssueOfDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of costs of issue of debt classified as non-current.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NoncurrentCostsOfIssueOfDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=ts_BankBorrowingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=ts_BankBorrowingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=ts_BankOverdrafts1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=ts_BankOverdrafts1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>148
<FILENAME>R127.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565156496">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 20 - Borrowings - Maturity of Borrowings (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2"><div>Dec. 31, 2022</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">$ 728,762<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 330,933<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestPayable', window );">Interest to be accrued (*)</a></td>
<td class="nump">27,046<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">3,038<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_BorrowingsIncludingInterestToBeAccrued', window );">Total</a></td>
<td class="nump">755,808<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">333,971<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Not later than one year [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">682,329<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">219,501<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestPayable', window );">Interest to be accrued (*)</a></td>
<td class="nump">26,153<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">2,465<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_BorrowingsIncludingInterestToBeAccrued', window );">Total</a></td>
<td class="nump">708,482<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">221,966<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember', window );">Later than one year and not later than two years [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">41,933<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">107,438<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestPayable', window );">Interest to be accrued (*)</a></td>
<td class="nump">821<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">560<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_BorrowingsIncludingInterestToBeAccrued', window );">Total</a></td>
<td class="nump">42,754<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">107,998<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember', window );">Later than two years and not later than three years [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">3,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">3,994<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestPayable', window );">Interest to be accrued (*)</a></td>
<td class="nump">64<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">13<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_BorrowingsIncludingInterestToBeAccrued', window );">Total</a></td>
<td class="nump">3,064<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">4,007<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsMember', window );">Later than three years [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">1,500<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestPayable', window );">Interest to be accrued (*)</a></td>
<td class="nump">8<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_BorrowingsIncludingInterestToBeAccrued', window );">Total</a></td>
<td class="nump">1,508<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_OtherBorrowingsMember', window );">Other borrowings [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">728,762<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">330,933<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_OtherBorrowingsMember', window );">Other borrowings [member] | Not later than one year [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">682,329<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">219,501<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_OtherBorrowingsMember', window );">Other borrowings [member] | Later than one year and not later than two years [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">41,933<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">107,438<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_OtherBorrowingsMember', window );">Other borrowings [member] | Later than two years and not later than three years [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">3,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">3,994<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_OtherBorrowingsMember', window );">Other borrowings [member] | Later than three years [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Total borrowings</a></td>
<td class="nump">$ 1,500<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Includes the effect of hedge accounting.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="line-height: inherit;">&#160;Includes the effect of hedge accounting</span><span style="line-height: inherit;">.</span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of interest recognised as a liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_BorrowingsIncludingInterestToBeAccrued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of borrowings including interest to be accrued.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_BorrowingsIncludingInterestToBeAccrued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=ts_OtherBorrowingsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=ts_OtherBorrowingsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615547792">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 20 - Borrowings - Significant Borrowings as of Closing Date (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Significant borrowings as of closing date</a></td>
<td class="nump">$ 728,762<span></span>
</td>
<td class="nump">$ 330,933<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsAsOfClosingDateMember', window );">Significant borrowings as of closing date [member] | Tamsa</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Significant borrowings as of closing date</a></td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsOneAsOfClosingDateMember', window );">Significant borrowings one, as of closing date [member] | MAVERICK TUBE CORPORATION and subsidiaries [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Significant borrowings as of closing date</a></td>
<td class="nump">100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsTwoAsOfClosingDateMember', window );">Significant borrowings two, as of closing date [member] | Tubos del Caribe [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Significant borrowings as of closing date</a></td>
<td class="nump">90,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsThreeAsOfClosingDateMember', window );">Significant borrowings three, as of closing date [member] | Tamsa</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Significant borrowings as of closing date</a></td>
<td class="nump">80,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsFourAsOfClosingDateMember', window );">Significant borrowings four, as of closing date [member] | SIDERCA S.A.I.C. and subsidiaries [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Significant borrowings as of closing date</a></td>
<td class="nump">$ 55,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsAsOfClosingDateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsAsOfClosingDateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TamsaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TamsaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsOneAsOfClosingDateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsOneAsOfClosingDateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_MaverickTubeCorporationAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_MaverickTubeCorporationAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsTwoAsOfClosingDateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsTwoAsOfClosingDateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TubosDelCaribeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TubosDelCaribeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsThreeAsOfClosingDateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsThreeAsOfClosingDateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsFourAsOfClosingDateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=ts_SignificantBorrowingsFourAsOfClosingDateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SidercaSaicAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SidercaSaicAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>150
<FILENAME>R129.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665580883472">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 20 - Borrowings - Weighted Average Interest Rates of Borrowings (Details)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_WeightedAverageMember', window );">Weighted average [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Total borrowings, weighted average interest rates</a></td>
<td class="nump">9.45%<span></span>
</td>
<td class="nump">2.09%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The interest rate on borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 7<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_WeightedAverageMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_WeightedAverageMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>151
<FILENAME>R130.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575740224">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 20 - Borrowings - Borrowings by Currency and Rate (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Borrowings</a></td>
<td class="nump">$ 46,433<span></span>
</td>
<td class="nump">$ 111,432<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="nump">682,329<span></span>
</td>
<td class="nump">219,501<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_CurrencyAxis=currency_USD', window );">United States of America, Dollars | Fixed interest rate [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="nump">206,336<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_CurrencyAxis=currency_USD', window );">United States of America, Dollars | Floating interest rate [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Borrowings</a></td>
<td class="nump">20,000<span></span>
</td>
<td class="nump">99,587<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="nump">200,350<span></span>
</td>
<td class="nump">17,015<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_CurrencyAxis=currency_SAR', window );">Saudi Arabia, Riyals | Fixed interest rate [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Borrowings</a></td>
<td class="nump">18,933<span></span>
</td>
<td class="nump">11,845<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="nump">29,964<span></span>
</td>
<td class="nump">22,677<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_CurrencyAxis=currency_SAR', window );">Saudi Arabia, Riyals | Floating interest rate [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Borrowings</a></td>
<td class="nump">7,500<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="nump">3,023<span></span>
</td>
<td class="nump">26,022<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_CurrencyAxis=currency_EUR', window );">Euro Member Countries, Euro | Fixed interest rate [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="nump">26,829<span></span>
</td>
<td class="nump">1,706<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_CurrencyAxis=currency_EUR', window );">Euro Member Countries, Euro | Floating interest rate [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">1,273<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_CurrencyAxis=currency_MXN', window );">Mexico, Pesos | Fixed interest rate [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="nump">141,802<span></span>
</td>
<td class="nump">141,861<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_CurrencyAxis=currency_ARS', window );">Argentina, Pesos | Fixed interest rate [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Borrowings</a></td>
<td class="nump">$ 74,025<span></span>
</td>
<td class="nump">$ 8,947<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current borrowings and current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FloatingInterestRateMember</td>
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<td><strong> Data Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CurrencyAxis=currency_EUR</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CurrencyAxis=currency_MXN</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CurrencyAxis=currency_ARS">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CurrencyAxis=currency_ARS</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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<td></td>
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<tr>
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<DOCUMENT>
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<html>
<head>
<title></title>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615497936">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 20 - Borrowings - Borrowings Evolution (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr><th class="th" colspan="2">
<div>Dec. 31, 2022 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_BorrowingsAbstract', window );"><strong>Borrowings [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">At the beginning of the year, noncurrent</a></td>
<td class="nump">$ 111,432<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">At the beginning of the year, current</a></td>
<td class="nump">219,501<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfTranslationDifferencesOnLongtermBorrowings', window );">Translation differences, noncurrent</a></td>
<td class="num">(18)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Translation differences, current</a></td>
<td class="num">(28,705)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings', window );">Proceeds and repayments, net, noncurrent</a></td>
<td class="nump">49,948<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Proceeds and repayments, net, current</a></td>
<td class="nump">371,500<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings', window );">Interests accrued less payments, noncurrent</a></td>
<td class="nump">158<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Interests accrued less payments, current</a></td>
<td class="nump">4,774<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfReclassificationsOnLongtermBorrowings', window );">Reclassifications, noncurrent</a></td>
<td class="num">(115,087)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Reclassifications, current</a></td>
<td class="nump">115,087<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfBusinessCombinationsOnLongtermBorrowings', window );">Increase due to business combinations, noncurrent</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfBusinessCombinationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Increase due to business combinations, current</a></td>
<td class="nump">138<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfOverdraftsVariationOnLongtermBorrowings', window );">Overdrafts variation, noncurrent</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">Overdrafts variation, current</a></td>
<td class="nump">34<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">At the end of the year, noncurrent</a></td>
<td class="nump">46,433<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings', window );">At the end of the year, current</a></td>
<td class="nump">$ 682,329<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="line-height: inherit;">Related to Parques E&#243;licos de la Buena Ventura</span><span style="line-height: inherit;"> S.A.</span><span style="line-height: inherit;"> acquisition, for more information see note </span><span style="line-height: inherit;">33</span><span style="line-height: inherit;"> to these Consolidated Financial Statements.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current borrowings and current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfBusinessCombinationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the effect of business combinations on current borrowing borrowings and the current portion of non-current borrowings.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfBusinessCombinationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfBusinessCombinationsOnLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the effect of business combinations on long-term borrowings.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfBusinessCombinationsOnLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the non-current portion of non-current borrowings resulting from interests accrued net of payments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the non-current portion of non-current borrowings resulting from interests accrued net of payments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the total current borrowings and current portion of non-current borrowings resulting from net proceeds and repayments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the non-current portion of non-current borrowings resulting from net proceeds and repayments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the current borrowings and current portion of non-current borrowings resulting from overdrafts variation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfOverdraftsVariationOnLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the non-current portion of non-current borrowings resulting from overdrafts variation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfOverdraftsVariationOnLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the total current borrowings and current portion of non-current borrowings resulting from reclassifications.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfReclassificationsOnLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the non-current portion of non-current borrowings resulting from reclassifications.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfReclassificationsOnLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the current borrowings and current portion of non-current borrowings resulting from translation differences.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EffectOfTranslationDifferencesOnLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the non-current portion of non-current borrowings resulting from translation differences.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EffectOfTranslationDifferencesOnLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>153
<FILENAME>R132.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575293424">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 21 - Deferred tax assets and liabilities (Details Textual)<br> $ in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised', window );">Unused tax losses for which no deferred tax asset recognised</a></td>
<td class="nump">$ 120.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInLessThanOneYear', window );">Unused tax losses for which no deferred tax asset recognised, percent expiring in less than one year</a></td>
<td class="nump">8.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringBetweenTwoAndFiveYears', window );">Unused tax losses for which no deferred tax asset recognised, percent expiring between two and five years</a></td>
<td class="nump">4.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInMoreThanFiveYears', window );">Unused tax losses for which no deferred tax asset recognised, percent expiring in more than five years</a></td>
<td class="nump">88.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">USA</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DeferredTaxAssetsRelatedToTaxableLossesOfSubsidiaries', window );">Deferred tax assets related to taxable losses of subsidiaries</a></td>
<td class="nump">$ 300.0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of unused tax losses for which no deferred tax asset is recognised in the statement of financial position. [Refer: Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DeferredTaxAssetsRelatedToTaxableLossesOfSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of deferred tax assets related to taxable losses of the entity's subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DeferredTaxAssetsRelatedToTaxableLossesOfSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringBetweenTwoAndFiveYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Regarding the unused tax losses for which no deferred tax asset is recognized in the statement of financial position, this element represents the percentage expiring in two to five years.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringBetweenTwoAndFiveYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInLessThanOneYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Regarding the unused tax losses for which no deferred tax asset is recognized in the statement of financial position, this element represents the percentage expiring in less than one year.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInLessThanOneYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInMoreThanFiveYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Regarding the unused tax losses for which no deferred tax asset is recognized in the statement of financial position, this element represents the percentage expiring in more than five years.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognisedPercentExpiringInMoreThanFiveYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>154
<FILENAME>R133.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565794880">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 21 - Deferred tax assets and liabilities - Deferred Tax Assets and Liabilities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 29,174<span></span>
</td>
<td class="nump">$ 49,211<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">822<span></span>
</td>
<td class="num">(133)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="num">(533)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,673<span></span>
</td>
<td class="nump">6,648<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">27,530<span></span>
</td>
<td class="num">(26,019)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">60,199<span></span>
</td>
<td class="nump">29,174<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsProvisionsAndAllowancesMember', window );">Deferred tax assets, provisions and allowances [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(25,083)<span></span>
</td>
<td class="num">(21,208)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(345)<span></span>
</td>
<td class="nump">506<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(389)<span></span>
</td>
<td class="num">(4,381)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(25,817)<span></span>
</td>
<td class="num">(25,083)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsInventoryMember', window );">Deferred tax assets, inventory [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(85,037)<span></span>
</td>
<td class="num">(85,937)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">114<span></span>
</td>
<td class="nump">606<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">93<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(95,229)<span></span>
</td>
<td class="nump">201<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(180,152)<span></span>
</td>
<td class="num">(85,037)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsTaxLossMember', window );">Deferred tax assets, tax loss [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(485,763)<span></span>
</td>
<td class="num">(480,149)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">747<span></span>
</td>
<td class="nump">80<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">174,427<span></span>
</td>
<td class="num">(5,694)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(310,589)<span></span>
</td>
<td class="num">(485,763)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsOtherMember', window );">Deferred tax assets, other [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(176,627)<span></span>
</td>
<td class="num">(206,958)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(245)<span></span>
</td>
<td class="nump">1,195<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">954<span></span>
</td>
<td class="nump">2,587<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">18,934<span></span>
</td>
<td class="nump">26,538<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(156,984)<span></span>
</td>
<td class="num">(176,627)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsMember', window );">Deferred tax assets [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(772,510)<span></span>
</td>
<td class="num">(794,252)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">271<span></span>
</td>
<td class="nump">2,387<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">104<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">954<span></span>
</td>
<td class="nump">2,587<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">97,743<span></span>
</td>
<td class="nump">16,664<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(673,542)<span></span>
</td>
<td class="num">(772,510)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesFixedAssetsMember', window );">Deferred tax liabilities, fixed assets [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">669,830<span></span>
</td>
<td class="nump">702,415<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(64)<span></span>
</td>
<td class="num">(461)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(637)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(94,099)<span></span>
</td>
<td class="num">(31,487)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">575,667<span></span>
</td>
<td class="nump">669,830<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesInventoryMember', window );">Deferred tax liabilities, inventory [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">27,508<span></span>
</td>
<td class="nump">15,255<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">15<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16,009<span></span>
</td>
<td class="nump">12,253<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">43,532<span></span>
</td>
<td class="nump">27,508<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember', window );">Deferred tax liabilities, intangible assets and other [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">104,346<span></span>
</td>
<td class="nump">125,793<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">600<span></span>
</td>
<td class="num">(2,059)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,719<span></span>
</td>
<td class="nump">4,061<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,877<span></span>
</td>
<td class="num">(23,449)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">114,542<span></span>
</td>
<td class="nump">104,346<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesMember', window );">Deferred Tax liabilities [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">801,684<span></span>
</td>
<td class="nump">843,463<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">551<span></span>
</td>
<td class="num">(2,520)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(637)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,719<span></span>
</td>
<td class="nump">4,061<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement (credit) / charge</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(70,213)<span></span>
</td>
<td class="num">(42,683)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 733,741<span></span>
</td>
<td class="nump">$ 801,684<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Related to Geneva sale. See note <span style="border-left: none; border-right: none;">6</span> to these Consolidated Financial Statements.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense or income relating to changes in deferred tax liabilities and deferred tax assets, recognised in profit or loss. [Refer: Deferred tax assets; Deferred tax expense (income); Deferred tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax liabilities or assets. [Refer: Deferred tax liabilities; Deferred tax assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilityAsset</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph ab<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 90<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in deferred tax liability (asset) resulting from the loss of control of a subsidiary. [Refer: Deferred tax liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in deferred tax liability (asset) resulting from the net exchange differences arising when the financial statements are translated from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Deferred tax liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsProvisionsAndAllowancesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsProvisionsAndAllowancesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsInventoryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsInventoryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsTaxLossMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsTaxLossMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsOtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ts_DeferredTaxAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesFixedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesFixedAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesInventoryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesInventoryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesIntangibleAndOtherAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfLiabilitiesAxis=ts_DeferredTaxLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610802656">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 21 - Deferred tax assets and liabilities - Recovery Analysis of Deferred Tax Assets and Liabilities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssets', window );">Deferred tax assets to be recovered after 12 months</a></td>
<td class="num">$ (208,870)<span></span>
</td>
<td class="num">$ (245,547)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred tax liabilities to be settled after 12 months</a></td>
<td class="nump">269,069<span></span>
</td>
<td class="nump">274,721<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearMember', window );">Later than one year [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssets', window );">Deferred tax assets to be recovered after 12 months</a></td>
<td class="num">(171,717)<span></span>
</td>
<td class="num">(611,552)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred tax liabilities to be settled after 12 months</a></td>
<td class="nump">$ 688,124<span></span>
</td>
<td class="nump">$ 782,128<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph o<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 56<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph o<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 56<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>156
<FILENAME>R135.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665580472832">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 21 - Deferred tax assets and liabilities - Net Deferred Tax Liabilities (Assets) (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract', window );"><strong>Disclosure of temporary difference, unused tax losses and unused tax credits [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssets', window );">Deferred tax assets</a></td>
<td class="num">$ (208,870)<span></span>
</td>
<td class="num">$ (245,547)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred tax liabilities</a></td>
<td class="nump">269,069<span></span>
</td>
<td class="nump">274,721<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Net deferred tax liability (asset)</a></td>
<td class="nump">60,199<span></span>
</td>
<td class="nump">29,174<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the beginning of the year</a></td>
<td class="nump">29,174<span></span>
</td>
<td class="nump">49,211<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation differences</a></td>
<td class="nump">822<span></span>
</td>
<td class="num">(133)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset', window );">Decrease due to sale of subsidiaries</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(533)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Charged to other comprehensive income</a></td>
<td class="nump">2,673<span></span>
</td>
<td class="nump">6,648<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Income statement charge / (credit)</a></td>
<td class="nump">27,530<span></span>
</td>
<td class="num">(26,019)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">At the end of the year</a></td>
<td class="nump">$ 60,199<span></span>
</td>
<td class="nump">$ 29,174<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph o<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 56<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense or income relating to changes in deferred tax liabilities and deferred tax assets, recognised in profit or loss. [Refer: Deferred tax assets; Deferred tax expense (income); Deferred tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph o<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 56<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax liabilities or assets. [Refer: Deferred tax liabilities; Deferred tax assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -Subparagraph ab<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 90<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in deferred tax liability (asset) resulting from the loss of control of a subsidiary. [Refer: Deferred tax liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughLossOfControlOfSubsidiaryDeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in deferred tax liability (asset) resulting from the net exchange differences arising when the financial statements are translated from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Deferred tax liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 81<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_81&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<head>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575963504">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 22 - Other Liabilities (Details Textual) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OverfundedPlan', window );">Overfunded Plan</a></td>
<td class="nump">$ 14,600<span></span>
</td>
<td class="nump">$ 9,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan', window );">Estimate of contributions expected to be paid to plan for next annual reporting period</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember', window );">Funded</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset', window );">Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset)</a></td>
<td class="nump">25,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Post-employment benefits | Unfunded</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset', window );">Actuarial losses (gains) arising from changes in demographic assumptions, net defined benefit liability (asset)</a></td>
<td class="nump">100<span></span>
</td>
<td class="num">(700)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset', window );">Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset)</a></td>
<td class="nump">$ 4,100<span></span>
</td>
<td class="num">(2,500)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Post-employment benefits | Unfunded | Actuarial assumption of discount rates [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption', window );">Percentage of reasonably possible increase in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption', window );">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</a></td>
<td class="nump">$ 5,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption', window );">Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption</a></td>
<td class="nump">$ 5,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Post-employment benefits | Unfunded | Actuarial assumption of expected rates of salary increases [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption', window );">Percentage of reasonably possible increase in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption', window );">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</a></td>
<td class="nump">$ 3,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption', window );">Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption</a></td>
<td class="nump">2,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Post-employment benefits | Funded</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset', window );">Actuarial losses (gains) arising from changes in demographic assumptions, net defined benefit liability (asset)</a></td>
<td class="nump">$ 4,800<span></span>
</td>
<td class="nump">400<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset', window );">Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,600<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Post-employment benefits | Funded | Actuarial assumption of discount rates [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption', window );">Percentage of reasonably possible increase in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption', window );">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</a></td>
<td class="num">$ (10,300)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption', window );">Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption</a></td>
<td class="nump">$ 11,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Post-employment benefits | Funded | Actuarial assumption of expected rates of salary increases [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption', window );">Percentage of reasonably possible increase in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption', window );">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</a></td>
<td class="nump">$ 700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption', window );">Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption</a></td>
<td class="num">$ (700)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in demographic assumptions that result in remeasurements of the net defined benefit liability (asset). Demographic assumptions deal with matters such as: (a) mortality; (b) rates of employee turnover, disability and early retirement; (c) the proportion of plan members with dependants who will be eligible for benefits; (d) the proportion of plan members who will select each form of payment option available under the plan terms; and (e) claim rates under medical plans. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph c<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_c_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions that result in remeasurements of the net defined benefit liability (asset). Financial assumptions deal with items such as: (a) the discount rate; (b) benefit levels, excluding any cost of the benefits to be met by employees, and future salary; (c) in the case of medical benefits, future medical costs, including claim handling costs (ie the costs that will be incurred in processing and resolving claims, including legal and adjuster's fees); and (d) taxes payable by the plan on contributions relating to service before the reporting date or on benefits resulting from that service. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph c<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_c_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The estimate of the expected contributions to be made to a defined benefit plan for the next annual reporting period. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 147<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_147_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 148<br> -Subparagraph d<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_148_d_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in a defined benefit obligation that would have been caused by a decrease in a significant actuarial assumption that was reasonably possible at the end of the reporting period. [Refer: Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 145<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_145_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in a defined benefit obligation that would have been caused by an increase in a significant actuarial assumption that was reasonably possible at the end of the reporting period. [Refer: Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 145<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_145_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The reasonably possible percentage of the increase in the actuarial assumption used to determine the present value of defined benefit obligation. [Refer: Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 145<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_145_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OverfundedPlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Defined benefit plan in which retirement benefits are payable directly from plan assets segregated and restricted to provide such benefits and for which plan assets exceed benefit obligation of plan designed to provide retirement benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OverfundedPlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyUnfundedDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyUnfundedDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfDiscountRatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfDiscountRatesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>158
<FILENAME>R137.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576253680">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 22 - Other Liabilities - Other Noncurrent Liabilities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfOtherLiabilitiesAbstract', window );"><strong>Disclosure of Other Liabilities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentPostemploymentBenefits', window );">Post-employment benefits</a></td>
<td class="nump">$ 108,936<span></span>
</td>
<td class="nump">$ 111,904<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherNoncurrentBenefits', window );">Other long-term benefits</a></td>
<td class="nump">71,446<span></span>
</td>
<td class="nump">71,345<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherNoncurrentMiscellaneousLiabilities', window );">Miscellaneous</a></td>
<td class="nump">49,760<span></span>
</td>
<td class="nump">48,432<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentLiabilities', window );">Other non-current liabilities</a></td>
<td class="nump">$ 230,142<span></span>
</td>
<td class="nump">$ 231,681<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Non-current liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfOtherLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfOtherLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NoncurrentPostemploymentBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current post-employment benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NoncurrentPostemploymentBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherNoncurrentBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other non-current benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherNoncurrentBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherNoncurrentMiscellaneousLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other non-current miscellaneous liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherNoncurrentMiscellaneousLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>159
<FILENAME>R138.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565651424">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 22 - Other Liabilities - Post-employment Benefits (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="4">12 Months Ended</th>
</tr>
<tr>
<th class="th" colspan="2"><div>Dec. 31, 2022</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentPostemploymentBenefits', window );">Noncurrent post employment benefits</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 108,936<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 111,904<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Post-employment benefits | Unfunded</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentPostemploymentBenefits', window );">Noncurrent post employment benefits</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">103,822<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">103,841<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">103,841<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">115,774<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset', window );">Current service cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">6,810<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">5,728<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset', window );">Interest cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,610<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">5,997<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset', window );">Curtailments and settlements</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(64)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(422)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset', window );">Remeasurements</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(4,228)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">3,174<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(5,657)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(3,716)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset', window );">Benefits paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(5,111)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(13,539)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities', window );">Reclassified to current liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(461)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(8,884)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset', window );">Other</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,082<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(271)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">103,822<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">103,841<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Post-employment benefits | Funded</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NoncurrentPostemploymentBenefits', window );">Noncurrent post employment benefits</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,114<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">8,063<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">159,528<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">176,309<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset', window );">Current service cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">154<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">222<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset', window );">Interest cost</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,293<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">4,190<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset', window );">Remeasurements</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[3]</sup></td>
<td class="num">(30,349)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(7,019)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[4]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(6,635)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">356<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset', window );">Benefits paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(10,374)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(14,530)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">At the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">116,617<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">159,528<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Present value of funded obligations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">116,617<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">159,528<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PlanAssetsAtFairValue', window );">Fair value of plan assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(126,842)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">(160,504)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SurplusDeficitInPlan', window );">Asset</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[5]</sup></td>
<td class="num">$ (10,225)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="num">$ (976)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">For 2022 a gain of $0.1 million is attributable to demographic assumptions and a gain of $4.1 million to financial assumptions.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">For <span style="border-left: none; border-right: none;">2021</span> a loss of $<span style="border-left: none; border-right: none;">0.7</span> million is attributable to demographic assumptions and a loss of $<span style="border-left: none; border-right: none;">2.5</span> million to financial assumptions</span></span><span style="line-height: inherit;">.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;">For <span style="border-left: none; border-right: none;">2022</span> a gain of $4.8 million is attributable to demographic assumptions and a gain of $25.6 million to financial assumptions.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[4]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="font-family: 'times new roman', times; line-height: inherit;">For <span style="border-left: none; border-right: none;">2021</span> a gain of $<span style="border-left: none; border-right: none;">0.4</span> million is attributable to demographic assumptions and a gain of $<span style="border-left: none; border-right: none;">6.6</span> million to financial assumptions.</span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[5]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;">In <span style="border-left: none; border-right: none;">2022</span> and <span style="border-left: none; border-right: none;">2021</span>, $14.6 million and $9 million corresponding to plans with surplus balances that were reclassified within other non-current assets, respectively.</span></span></span></span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from employee service in the current period. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitObligationAtPresentValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The present value, without deducting any plan assets, of expected future payments required to settle the obligation resulting from employee service in the current and prior periods. [Refer: Plan assets, at fair value]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 57<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_57_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitObligationAtPresentValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from the remeasurement of that net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from changes in foreign exchange rates. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from the passage of time. [Refer: Interest expense; Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of deficit or surplus in a defined benefit plan, adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 140<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_140_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilityAssetOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from payments from the plan. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PlanAssetsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The fair value of defined benefit plan assets. Plan assets comprise assets held by a long-term employee benefit fund and qualifying insurance policies. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 57<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_57_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PlanAssetsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SurplusDeficitInPlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The fair value of any plan assets, less the present value of the defined benefit obligation. [Refer: Plan assets [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 57<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_57_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SurplusDeficitInPlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from reclassified to current liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromReclassifiedToCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from curtailments and settlements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_GainsLossesArisingFromCurtailmentsAndSettlementsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NoncurrentPostemploymentBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current post-employment benefits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NoncurrentPostemploymentBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyUnfundedDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyUnfundedDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575650928">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 22 - Other Liabilities - Actuarial Assumptions (Details) - Post-employment benefits<br></strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [member] | Unfunded</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">4.00%<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases', window );">Rate of compensation increase</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [member] | Funded</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases', window );">Rate of compensation increase</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [member] | Unfunded</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">7.00%<span></span>
</td>
<td class="nump">7.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases', window );">Rate of compensation increase</a></td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [member] | Funded</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases', window );">Rate of compensation increase</a></td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionOfDiscountRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The discount rate used as the significant actuarial assumption to determine the present value of a defined benefit obligation. [Refer: Defined benefit obligation, at present value; Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 144<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_144&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionOfDiscountRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The expected rate of salary increases used as a significant actuarial assumption to determine the present value of a defined benefit obligation. [Refer: Defined benefit plans [member]; Defined benefit obligation, at present value; Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 144<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_144&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyUnfundedDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyUnfundedDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575286240">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 22 - Other Liabilities - Plan Assets (Details) - Post-employment benefits - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Funded</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Values at the beginning of the year</a></td>
<td class="nump">$ 159,528<span></span>
</td>
<td class="nump">$ 176,309<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset', window );">Translation differences</a></td>
<td class="nump">6,635<span></span>
</td>
<td class="num">(356)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset', window );">Benefits paid</a></td>
<td class="num">(10,374)<span></span>
</td>
<td class="num">(14,530)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">At the end of the year</a></td>
<td class="nump">$ 116,617<span></span>
</td>
<td class="nump">$ 159,528<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets', window );">Equity instruments</a></td>
<td class="nump">28.80%<span></span>
</td>
<td class="nump">49.20%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets', window );">Debt instruments</a></td>
<td class="nump">67.20%<span></span>
</td>
<td class="nump">46.70%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherAssetsPercentContributedToFairValueOfPlanAssets', window );">Others</a></td>
<td class="nump">4.00%<span></span>
</td>
<td class="nump">4.10%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember', window );">Fair value of funded post-employment benefits [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Values at the beginning of the year</a></td>
<td class="num">$ (160,504)<span></span>
</td>
<td class="num">$ (157,335)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset', window );">Translation differences</a></td>
<td class="nump">6,639<span></span>
</td>
<td class="num">(250)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset', window );">Return on plan assets</a></td>
<td class="num">(4,319)<span></span>
</td>
<td class="num">(3,793)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset', window );">Remeasurements</a></td>
<td class="nump">20,987<span></span>
</td>
<td class="num">(10,817)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset', window );">Contributions paid to the plan</a></td>
<td class="num">(435)<span></span>
</td>
<td class="num">(3,338)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset', window );">Benefits paid</a></td>
<td class="num">(10,374)<span></span>
</td>
<td class="num">(14,530)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset', window );">Other</a></td>
<td class="nump">416<span></span>
</td>
<td class="nump">499<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">At the end of the year</a></td>
<td class="num">$ (126,842)<span></span>
</td>
<td class="num">$ (160,504)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from actuarial gains (losses) arising from experience adjustments that result in remeasurements of the net defined benefit liability (asset). Experience adjustments deal with the effects of differences between the previous actuarial assumptions and what has actually occurred. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from contributions to a defined benefit plan. [Refer: Net defined benefit liability (asset); Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_f&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from changes in foreign exchange rates. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of deficit or surplus in a defined benefit plan, adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 140<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_140_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilityAssetOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from payments from the plan. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph g<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_g&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from the return on plan assets, excluding amounts included in interest income or expense. The return on plan assets is interest, dividends and other revenue derived from the plan assets, together with realised and unrealised gains or losses on the plan assets, less any costs of managing plan assets and less any tax payable by the plan itself, other than tax included in the actuarial assumptions used to measure the present value of the defined benefit obligation. [Refer: Plan assets [member]; Net defined benefit liability (asset); Actuarial assumptions [member]; Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2022-03-24<br> -Paragraph 141<br> -Subparagraph c<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=19&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_141_c_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percent that instruments representing debt (rather than equity) constitute of the fair value of defined benefit plan assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DebtInstrumentsPercentContributedToFairValueOfPlanAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percent that instruments representing equity (rather than debt) constitute of the fair value of defined benefit plan assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_EquityInstrumentsPercentContributedToFairValueOfPlanAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherAssetsPercentContributedToFairValueOfPlanAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percent that other types of assets not separately disclosed constitute of the fair value of defined benefit plan assets.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherAssetsPercentContributedToFairValueOfPlanAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=ifrs-full_PensionDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ts_FairValueOfFundedPostemploymentBenefitsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis=ts_FairValueOfFundedPostemploymentBenefitsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>162
<FILENAME>R141.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665584108864">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 22 - Other Liabilities - Other Current Liabilities (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfOtherLiabilitiesAbstract', window );"><strong>Disclosure of Other Liabilities [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_CurrentEmployeeRelatedLiabilities', window );">Payroll and social security payable</a></td>
<td class="nump">$ 224,630<span></span>
</td>
<td class="nump">$ 174,794<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_OtherCurrentMiscellaneousLiabilities', window );">Miscellaneous</a></td>
<td class="nump">35,984<span></span>
</td>
<td class="nump">28,931<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherCurrentLiabilities', window );">Other current liabilities</a></td>
<td class="nump">$ 260,614<span></span>
</td>
<td class="nump">$ 203,725<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current liabilities that the entity does not separately disclose in the same statement or note. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_CurrentEmployeeRelatedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of current employee related liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_CurrentEmployeeRelatedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfOtherLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfOtherLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_OtherCurrentMiscellaneousLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of other current miscellaneous liabilities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_OtherCurrentMiscellaneousLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>163
<FILENAME>R142.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615540368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 23 - Non-current allowances and provisions - Liabilities (Details) - Provision for non-current liabilities [member] - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract', window );"><strong>Reconciliation of changes in other provisions [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Values at the beginning of the year</a></td>
<td class="nump">$ 83,556<span></span>
</td>
<td class="nump">$ 73,218<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions', window );">Translation differences</a></td>
<td class="nump">357<span></span>
</td>
<td class="num">(2,476)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionalProvisionsOtherProvisions', window );">Additional allowance</a></td>
<td class="nump">11,102<span></span>
</td>
<td class="nump">13,896<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions', window );">Reclassifications</a></td>
<td class="nump">2,229<span></span>
</td>
<td class="nump">4,014<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ProvisionUsedOtherProvisionsMovements', window );">Used and other movements</a></td>
<td class="nump">882<span></span>
</td>
<td class="num">(5,096)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Values at the end of the year</a></td>
<td class="nump">$ 98,126<span></span>
</td>
<td class="nump">$ 83,556<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalProvisionsOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of additional other provisions made. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalProvisionsOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in other provisions resulting from foreign currency exchange rate changes on provisions measured in a currency different from the entity's presentation currency. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in other provisions resulting from transfers and changes that the entity does not separately disclose in the same statement or note. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of provisions other than provisions for employee benefits. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ProvisionUsedOtherProvisionsMovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount used (ie incurred and charged against the provision) and other provisions movements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ProvisionUsedOtherProvisionsMovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=ts_ProvisionForNoncurrentLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=ts_ProvisionForNoncurrentLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</body>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571126864">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 24 - Current allowances and provisions - Deducted From Assets (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForDoubtfulAccountsTradeReceivablesMember', window );">Allowance for doubtful accounts - trade receivables [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract', window );"><strong>Reconciliation of changes in allowance account for credit losses of financial assets [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (47,120)<span></span>
</td>
<td class="num">$ (53,676)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(12)<span></span>
</td>
<td class="nump">111<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances', window );">(Additional) / reversal allowances</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">223<span></span>
</td>
<td class="nump">4,297<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets', window );">Used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,414<span></span>
</td>
<td class="nump">2,146<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(45,495)<span></span>
</td>
<td class="num">(47,120)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember', window );">Allowance for other doubtful accounts - other receivables [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract', window );"><strong>Reconciliation of changes in allowance account for credit losses of financial assets [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(3,206)<span></span>
</td>
<td class="num">(3,917)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">68<span></span>
</td>
<td class="nump">227<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances', window );">(Additional) / reversal allowances</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(346)<span></span>
</td>
<td class="nump">379<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets', window );">Used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5<span></span>
</td>
<td class="nump">95<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(3,479)<span></span>
</td>
<td class="num">(3,206)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForInventoryObsolescenceMember', window );">Allowance for inventory obsolescence [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract', window );"><strong>Reconciliation of changes in allowance account for credit losses of financial assets [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(245,774)<span></span>
</td>
<td class="num">(263,635)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(405)<span></span>
</td>
<td class="nump">1,877<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions', window );">Decrease due to sale of subsidiaries</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">405<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances', window );">(Additional) / reversal allowances</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(24,901)<span></span>
</td>
<td class="num">(23,296)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets', window );">Used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">48,414<span></span>
</td>
<td class="nump">38,875<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (222,666)<span></span>
</td>
<td class="num">$ (245,774)<span></span>
</td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="line-height: inherit;"><span style="line-height: inherit;">&#160;Rel</span><span style="line-height: inherit;">ated to Geneva sale. See note <span style="border-left: none; border-right: none;">6</span> to these Consolidated Financial Statements.</span></span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of an allowance account used to record impairments to financial assets due to credit losses. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2023-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2017-en-b&amp;anchor=para_16&amp;doctype=Standard&amp;book=b<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in other provisions resulting from the loss of control of a subsidiary. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in other provisions resulting from foreign currency exchange rate changes on provisions measured in a currency different from the entity's presentation currency. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The decrease in an allowance account for credit losses of financial assets resulting from the utilisation of the allowance. [Refer: Allowance account for credit losses of financial assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2023-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2017-en-b&amp;anchor=para_16&amp;doctype=Standard&amp;book=b<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UtilisationAllowanceAccountForCreditLossesOfFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) through reversals and (additional) allowances.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_IncreaseDecreaseThroughReversalsAndAdditionalAllowances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForDoubtfulAccountsTradeReceivablesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForDoubtfulAccountsTradeReceivablesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForOtherDoubtfulAccountsOtherReceivablesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForInventoryObsolescenceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=ts_AllowanceForInventoryObsolescenceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>165
<FILENAME>R144.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565565072">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 24 - Current allowances and provisions - Liabilities (Details) - Provision for current liabilities [member] - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract', window );"><strong>Reconciliation of changes in other provisions [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 9,322<span></span>
</td>
<td class="nump">$ 12,279<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(257)<span></span>
</td>
<td class="num">(739)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AdditionalProvisionsOtherProvisionsReversals', window );">Additional provisions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,504<span></span>
</td>
<td class="nump">11,102<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions', window );">Reclassifications</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,229)<span></span>
</td>
<td class="num">(4,014)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProvisionUsedOtherProvisions', window );">Used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(5,155)<span></span>
</td>
<td class="num">(9,306)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">11,185<span></span>
</td>
<td class="nump">9,322<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=ts_ProvisionsForCurrentLiabilitiesMember', window );">Sales risks [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract', window );"><strong>Reconciliation of changes in other provisions [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,468<span></span>
</td>
<td class="nump">1,795<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(160)<span></span>
</td>
<td class="num">(3)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AdditionalProvisionsOtherProvisionsReversals', window );">Additional provisions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,315<span></span>
</td>
<td class="nump">3,506<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions', window );">Reclassifications</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProvisionUsedOtherProvisions', window );">Used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(3,437)<span></span>
</td>
<td class="num">(3,830)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,186<span></span>
</td>
<td class="nump">1,468<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=ts_ProvisionsForCurrentLiabilitiesMember', window );">Miscellaneous other provisions [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract', window );"><strong>Reconciliation of changes in other provisions [abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Values at the beginning of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">7,854<span></span>
</td>
<td class="nump">10,484<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions', window );">Translation differences</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(97)<span></span>
</td>
<td class="num">(736)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AdditionalProvisionsOtherProvisionsReversals', window );">Additional provisions</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,189<span></span>
</td>
<td class="nump">7,596<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions', window );">Reclassifications</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(2,229)<span></span>
</td>
<td class="num">(4,014)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProvisionUsedOtherProvisions', window );">Used</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,718)<span></span>
</td>
<td class="num">(5,476)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_OtherProvisions', window );">Values at the end of the year</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 7,999<span></span>
</td>
<td class="nump">$ 7,854<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">&#160;<span style="line-height: inherit;">Other claims and contingencies mainly include lawsuits and other legal proceedings, including employee, tax and environmental-related claims.</span></td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in other provisions resulting from foreign currency exchange rate changes on provisions measured in a currency different from the entity's presentation currency. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in other provisions resulting from transfers and changes that the entity does not separately disclose in the same statement or note. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of provisions other than provisions for employee benefits. [Refer: Provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 78<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_78_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProvisionUsedOtherProvisions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount used (ie incurred and charged against the provision) for other provisions. [Refer: Other provisions]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 84<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_84_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProvisionUsedOtherProvisions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_AdditionalProvisionsOtherProvisionsReversals">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of additional other provisions (reversals) made.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AdditionalProvisionsOtherProvisionsReversals</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=ts_ProvisionsForCurrentLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=ts_ProvisionsForCurrentLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ts_SalesRisksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_SalesRisksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ifrs-full_MiscellaneousOtherProvisionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ifrs-full_MiscellaneousOtherProvisionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>166
<FILENAME>R145.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610606656">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 25 - Derivative Financial Instruments (Details Textual) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialInstrumentsAbstract', window );"><strong>Disclosure of detailed information about financial instruments [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 7,080<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialInstrumentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialInstrumentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentDerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current derivative financial assets. [Refer: Derivative financial assets]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentDerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>167
<FILENAME>R146.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575992176">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 25 - Derivative Financial Instruments - Net Fair Values (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivatives with positive fair values</a></td>
<td class="nump">$ 30,805<span></span>
</td>
<td class="nump">$ 11,315<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives with negative fair values</a></td>
<td class="num">(7,127)<span></span>
</td>
<td class="num">(11,328)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Total</a></td>
<td class="nump">23,678<span></span>
</td>
<td class="num">(13)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis=ts_DerivativesHedgingBorrowingsAndInvestmentsMember', window );">Derivatives hedging borrowings and investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivatives with positive fair values</a></td>
<td class="nump">6,480<span></span>
</td>
<td class="nump">2,472<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives with negative fair values</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(147)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis=ts_OtherDerivativesMember', window );">Other derivatives [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivatives with positive fair values</a></td>
<td class="nump">24,325<span></span>
</td>
<td class="nump">8,843<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives with negative fair values</a></td>
<td class="num">$ (7,127)<span></span>
</td>
<td class="num">$ (11,181)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 55<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialLiabilities</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets (liabilities) classified as derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DerivativeFinancialAssetsLiabilities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis=ts_DerivativesHedgingBorrowingsAndInvestmentsMember</td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialInstrumentsMeasuredAtFairValueThroughProfitOrLossBecauseCreditDerivativeIsUsedToManageCreditRiskAxis=ts_OtherDerivativesMember</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665566000704">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 25 - Derivative Financial Instruments - Foreign Exchange Derivative Contracts and Hedge Accounting (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">$ 23,678<span></span>
</td>
<td class="num">$ (13)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">13,100<span></span>
</td>
<td class="nump">1,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">13,122<span></span>
</td>
<td class="nump">1,259<span></span>
</td>
<td class="num">$ (4,771)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">27,038<span></span>
</td>
<td class="nump">20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">21,085<span></span>
</td>
<td class="nump">1,292<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency MXN, sell currency USD [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">6,571<span></span>
</td>
<td class="nump">1,444<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="num">(67)<span></span>
</td>
<td class="num">(93)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency USD, sell currency MXN [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(838)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency EUR, sell currency USD [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">1,866<span></span>
</td>
<td class="num">(7,670)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="num">(2,786)<span></span>
</td>
<td class="num">(7,430)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency USD, sell currency EUR [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">20,783<span></span>
</td>
<td class="nump">9,092<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">23,935<span></span>
</td>
<td class="nump">8,258<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency JPY, sell currency USD [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(269)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">557<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency USD, sell currency BRL [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="num">(2,490)<span></span>
</td>
<td class="num">(1,030)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency USD, sell currency KWD [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="num">(129)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency USD, sell currency CAD [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">404<span></span>
</td>
<td class="num">(246)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency USD, sell currency GPB [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="num">(11)<span></span>
</td>
<td class="num">(55)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency USD, sell currency CNY [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="num">(242)<span></span>
</td>
<td class="num">(130)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, purchase currency BRL, sell currency USD [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">223<span></span>
</td>
<td class="num">(238)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember', window );">Purchase foreign exchange contract [Member] | Foreign exchange contract, Other [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">63<span></span>
</td>
<td class="num">(40)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">$ 3<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the reserve of cash flow hedges in relation to continuing hedges. [Refer: Reserve of cash flow hedges]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 24B<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24B_b_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfCashFlowHedgesContinuingHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DerivativeFinancialAssetsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets (liabilities) classified as derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DerivativeFinancialAssetsLiabilities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=ts_PurchaseForeignExchangeContractMember</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyMxnSellCurrencyUsdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyMxnMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyEurSellCurrencyUsdMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyEurMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyJpySellCurrencyUsdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyBrlMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyKwdMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCadMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyGpbMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyUsdSellCurrencyCnyMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractPurchaseCurrencyBrlSellCurrencyUsdMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeContractOtherMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<TYPE>XML
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<FILENAME>R148.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611425008">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 25 - Derivative Financial Instruments - Commodities Derivative Contracts (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">$ 23,678<span></span>
</td>
<td class="num">$ (13)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">13,100<span></span>
</td>
<td class="nump">1,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">13,122<span></span>
</td>
<td class="nump">1,259<span></span>
</td>
<td class="num">$ (4,771)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseCommodityContractMember', window );">Purchase Commodity [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="num">(3,360)<span></span>
</td>
<td class="num">(33)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="num">(7,963)<span></span>
</td>
<td class="num">(33)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseCommodityContractMember', window );">Purchase Commodity [member] | Commodities derivative contracts, Houston Ship Channel Gas [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="num">(814)<span></span>
</td>
<td class="num">(33)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="num">(814)<span></span>
</td>
<td class="num">(33)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseCommodityContractMember', window );">Purchase Commodity [member] | Commodities derivative contracts, LME Scrap [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">29<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="num">(3,148)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseCommodityContractMember', window );">Purchase Commodity [member] | Commodities derivative contracts, Iron Ore [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="nump">12<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="num">(1,274)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseCommodityContractMember', window );">Purchase Commodity [member] | Commodities derivative contracts, Electric Energy [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="num">(519)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="num">(519)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgedItemsAxis=ts_PurchaseCommodityContractMember', window );">Purchase Commodity [member] | Commodities derivative contracts, TTF Gas [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DerivativeFinancialAssetsLiabilities', window );">Fair value of derivatives</a></td>
<td class="num">(2,068)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="num">$ (2,207)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the reserve of cash flow hedges in relation to continuing hedges. [Refer: Reserve of cash flow hedges]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 24B<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24B_b_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfCashFlowHedgesContinuingHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DerivativeFinancialAssetsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets (liabilities) classified as derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DerivativeFinancialAssetsLiabilities</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=ts_PurchaseCommodityContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=ts_PurchaseCommodityContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=ts_CommoditiesDerivativeContractsHoustonShipChannelGasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_CommoditiesDerivativeContractsHoustonShipChannelGasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=ts_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_CommoditiesDerivativeContractsLondonMetalExchangeScrapMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_CommoditiesDerivativeContractsIronOreMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=ts_CommoditiesDerivativeContractsElectricEnergyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_CommoditiesDerivativeContractsElectricEnergyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=ts_CommoditiesDerivativeContractsTitleTransferFacilityGasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_CommoditiesDerivativeContractsTitleTransferFacilityGasMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665580641696">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 25 - Derivative Financial Instruments - Hedge Reserve Evolution (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">$ 1,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">13,100<span></span>
</td>
<td class="nump">$ 1,300<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">1,259<span></span>
</td>
<td class="num">(4,771)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness', window );">Movements</a></td>
<td class="nump">11,863<span></span>
</td>
<td class="nump">6,030<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">13,122<span></span>
</td>
<td class="nump">1,259<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeAndCommoditiesDerivativesContractsMember', window );">Foreign Exchange &amp; Commodities [member] | Cash flow hedges [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems', window );"><strong>Disclosure of detailed information about hedging instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">1,259<span></span>
</td>
<td class="num">(4,771)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness', window );">Movements</a></td>
<td class="nump">11,863<span></span>
</td>
<td class="nump">6,030<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges', window );">Hedge accounting reserve</a></td>
<td class="nump">$ 13,122<span></span>
</td>
<td class="nump">$ 1,259<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The gain (loss) on the change in fair value of the hedged item used as a basis for recognising hedge ineffectiveness. Hedge ineffectiveness is the extent to which the changes in the fair value or the cash flows of the hedging instrument are greater or less than those on the hedged item.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 24B<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24B_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 24B<br> -Subparagraph b<br> -Clause i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24B_b_i&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfCashFlowHedgesContinuingHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the reserve of cash flow hedges in relation to continuing hedges. [Refer: Reserve of cash flow hedges]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 24B<br> -Subparagraph b<br> -Clause ii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_24B_b_ii&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfCashFlowHedgesContinuingHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeAndCommoditiesDerivativesContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ts_ForeignExchangeAndCommoditiesDerivativesContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>171
<FILENAME>R150.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665569490848">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 26 - Contingencies, Commitments and Restrictions On the Distribution of Profits (Details Textual)<br> $ / shares in Units, $ in Thousands, R$ in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Oct. 27, 2022</div></th>
<th class="th">
<div>Oct. 09, 2018 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jun. 24, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Oct. 10, 2018 </div>
<div>BRL (R$)</div>
</th>
<th class="th">
<div>Oct. 10, 2018 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Jan. 31, 2012 </div>
<div>$ / shares </div>
<div>shares</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PerformanceGuaranteesIssued', window );">Performance Guarantees Issued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_srt_CounterpartyNameAxis=ts_PraxairSAMember', window );">Praxair S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TermOfSupplyContract', window );">Term of supply contract (Year)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">14 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PurchaseCommitments', window );">Purchase commitments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 36,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ProportionOfPowerGenerationCapacity', window );">Proportion of power generation capacity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember', window );">Techgen s.a. [member] | Transportadora de Gas del Norte S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TermOfSupplyContract', window );">Term of supply contract (Year)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">25 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember', window );">Usiminas [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.07%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember', window );">Ternium S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11.46%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_BR', window );">Brazil | Usiminas [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.07%<span></span>
</td>
<td class="nump">3.07%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DumpingRateImposed', window );">Dumping rate imposed</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">78.30%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina | Usiminas [member] | Presidente Nestor Kirchner Gas Pipeline [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PurchaseCommitments', window );">Purchase commitments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 183,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_MX', window );">Mexico</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DumpingRateImposed', window );">Dumping rate imposed</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">44.93%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_MX', window );">Mexico | Techgen s.a. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_LU', window );">Luxembourg</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentOfMinimumTransferOfNetProfitToLegalReserve', window );">Percent of minimum transfer of net profit to legal reserve</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital', window );">Percent of minimum transfer of net profit until legal reserve equals issued share capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_LU', window );">Luxembourg | Ternium S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11.46%<span></span>
</td>
<td class="nump">11.46%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_ConfabMember', window );">Confab [member] | Chubb [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PaymentsForSettlement', window );">Payments for settlement</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_ConfabMember', window );">Confab [member] | Veracel Celulose S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SettlementAmountOrderedToPayInsuranceDeductible', window );">Settlement, amount ordered to pay, insurance deductible</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 91.9<span></span>
</td>
<td class="nump">$ 17,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SettlementAmountOrderedToPayDamages', window );">Settlement, amount ordered to pay, damages</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 78.8<span></span>
</td>
<td class="nump">$ 15,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember', window );">Legal proceedings contingent liability [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PaymentsForSettlement', window );">Payments for settlement</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 9,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_ContingentLiabilityForGuaranteesMember', window );">Commitments and guarantees | Voestalpine Grobblech GmbH [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PurchaseCommitments', window );">Purchase commitments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_ContingentLiabilityForGuaranteesMember', window );">Commitments and guarantees | Vestas Group [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PurchaseCommitments', window );">Purchase commitments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">47,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_ContingentLiabilityForGuaranteesMember', window );">Commitments and guarantees | Ternium USA, Inc. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TermOfSupplyContract', window );">Term of supply contract (Year)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PurchaseCommitments', window );">Purchase commitments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TermOfSupplyContractAvailableExtension', window );">Term of supply contract, available extension</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">1 year<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_TaxContingentLiabilityMember', window );">Tax contingent liability [member] | Petroleo Brasileiro S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities', window );">Estimated financial effect of contingent liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 284.2<span></span>
</td>
<td class="nump">54,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ts_ContingentLiabilityForDisgorgementAndPrejudgmentInterestMember', window );">Contingent liability for disgorgement and prejudgment interest [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SettlementAmountOrderedToPay', window );">Settlement, amount ordered to pay</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 53,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ts_ContingentLiabilityForCivilPenaltyMember', window );">Contingent liability for civil penalty [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SettlementAmountOrderedToPay', window );">Settlement, amount ordered to pay</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 25,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_ConfabIndustrialSaAndSubsidiariesMember', window );">CONFAB INDUSTRIAL S.A. and subsidiaries [member] | Companhia Sider&#250;rgica Nacional [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TagalongTenderOfferToNoncontrollingInterestsPercentage', window );">Tag-along tender offer to non-controlling interests, percentage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">80.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TagalongTenderOfferToNoncontrollingInterests', window );">Tag-along tender offer to non-controlling interests (in BRL per share) | $ / shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 28.8<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TagalongTenderOfferToNoncontrollingInterestsShares', window );">Tag-along tender offer to non-controlling interests, shares (in shares) | shares</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">182,609,851<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability', window );">Tag-along tender offer to non-controlling interests, contingent liability</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">17.90%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_ConfabIndustrialSaAndSubsidiariesMember', window );">CONFAB INDUSTRIAL S.A. and subsidiaries [member] | Tax contingent liability [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities', window );">Estimated financial effect of contingent liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">R$ 59.2<span></span>
</td>
<td class="nump">$ 11,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FineImposedPercentageOfAllegedlyUndueCredits', window );">Fine imposed, percentage of allegedly undue credits</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">75.00%<span></span>
</td>
<td class="nump">75.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TerniumSAMember', window );">Ternium S.A. [member] | Techgen s.a. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInAssociate', window );">Proportion of ownership interest in associate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">48.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_IpscoTubularsIncMember', window );">IPSCO Tubulars, Inc. | Commitments and guarantees</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TermOfSupplyContract', window );">Term of supply contract (Year)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">6 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TermOfSupplyContractAvailableExtension', window );">Term of supply contract, available extension</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">12 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisBayCityIncMember', window );">TENARIS BAY CITY, INC. [member] | Nucor Steel Memphis Inc. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems', window );"><strong>Contingencies, commitments and restrictions on the distribution of profits</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_TermOfSupplyContract', window );">Term of supply contract (Year)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PurchaseCommitments', window );">Purchase commitments</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 85,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PurchaseCommitmentsPercentageToBeMade', window );">Purchase commitments percentage to be made</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">75.00%<span></span>
</td>
<td class="nump">75.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="11"></td></tr>
<tr><td colspan="11"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="line-height: inherit;">At December 31,</span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"> and <span style="border-left: none; border-right: none;">20</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">1</span></span><span style="line-height: inherit;">the voting rights were </span><span style="border-right: none; border-left: none;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;">5.19</span></span></span><span style="line-height: inherit;">%</span><span style="line-height: inherit;">.</span></span></span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="line-height: inherit;">Including treasury shares.</span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfContingentLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EstimatedFinancialEffectOfContingentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of the estimated financial effect of contingent liabilities. [Refer: Contingent liabilities [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 37<br> -IssueDate 2022-03-24<br> -Paragraph 86<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=37&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_86_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EstimatedFinancialEffectOfContingentLiabilities</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in an associate attributable to the entity. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInAssociate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of the dumping duty rate imposed.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DumpingRateImposed</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_FineImposedPercentageOfAllegedlyUndueCredits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of fine imposed, expressed as a percentage of the allegedly undue credits.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_FineImposedPercentageOfAllegedlyUndueCredits</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PaymentsForSettlement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of payments made for settlements.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PaymentsForSettlement</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentOfMinimumTransferOfNetProfitToLegalReserve">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of minimum transfer of net profit to legal reserve.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentOfMinimumTransferOfNetProfitToLegalReserve</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of minimum transfer of net profit until legal reserve equals issued share capital.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentOfMinimumTransferOfNetProfitUntilLegalReserveEqualsIssuedShareCapital</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PerformanceGuaranteesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of performance guarantees issued as of the specified date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ProportionOfPowerGenerationCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the proportion of power generation capacity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ProportionOfPowerGenerationCapacity</td>
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<td>ts_</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PurchaseCommitments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount liable for purchase commitments.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PurchaseCommitments</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PurchaseCommitmentsPercentageToBeMade">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of purchase commitments to be made under purchase contract.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PurchaseCommitmentsPercentageToBeMade</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SettlementAmountOrderedToPay">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of liability associated with amount ordered to pay in a settlement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SettlementAmountOrderedToPay</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SettlementAmountOrderedToPayDamages">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of settlement ordered to be pay, related to damages.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SettlementAmountOrderedToPayDamages</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SettlementAmountOrderedToPayInsuranceDeductible">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount ordered to pay in a settlement, related to the insurance deductible.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SettlementAmountOrderedToPayInsuranceDeductible</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TagalongTenderOfferToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The required tag-along tender offer to non-controlling interests in an acquisition.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TagalongTenderOfferToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of the tag-along tender offer to non-controlling interests accounted for as a contingent liability.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TagalongTenderOfferToNoncontrollingInterestsContingentLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TagalongTenderOfferToNoncontrollingInterestsPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The required Tag-along tender offer to non-controlling interests in an acquisition expressed as a percentage of the price per share paid in such acquisition.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TagalongTenderOfferToNoncontrollingInterestsPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TagalongTenderOfferToNoncontrollingInterestsShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The required tag-along tender offer to non-controlling interests in an acquisition expressed in shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TagalongTenderOfferToNoncontrollingInterestsShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TermOfSupplyContract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The term of a supply contract.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TermOfSupplyContract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TermOfSupplyContractAvailableExtension">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the term of supply contract, available extension.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TermOfSupplyContractAvailableExtension</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CounterpartyNameAxis=ts_PraxairSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CounterpartyNameAxis=ts_PraxairSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TechgenSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CounterpartyNameAxis=ts_TransportadoraDeGasDelNorteSaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CounterpartyNameAxis=ts_TransportadoraDeGasDelNorteSaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_TerniumSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_BR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_BR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_AR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_AR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CounterpartyNameAxis=ts_PresidenteNestorKirchnerGasPipelineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CounterpartyNameAxis=ts_PresidenteNestorKirchnerGasPipelineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_MX">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_MX</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_LU">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_LU</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_ConfabMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_ConfabMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CounterpartyNameAxis=ts_ChubbMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CounterpartyNameAxis=ts_ChubbMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CounterpartyNameAxis=ts_VeracelCeluloseSaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CounterpartyNameAxis=ts_VeracelCeluloseSaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfContingentLiabilitiesAxis=ifrs-full_LegalProceedingsContingentLiabilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615305504">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 27 - Cancellation of title deed in Saudi Steel Pipe Company (Details) - SAUDI ARABIA - Saudi Steel Pipe Company [member]<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AreaOfLand1', window );">Area of land (in square meters)</a></td>
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<td class="nump">811,284<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
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<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">47.79%<span></span>
</td>
<td class="nump">48.00%<span></span>
</td>
<td class="nump">48.00%<span></span>
</td>
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<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_Land', window );">Land plots, carrying value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 56.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">All percentages rounded.</span></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant and equipment representing land held by the entity for use in operations. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2022-03-24<br> -Paragraph 37<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=16&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_37_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 19B<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInSubsidiary</td>
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<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The area of land held by the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AreaOfLand1</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_SA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_SA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SaudiSteelPipeCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SaudiSteelPipeCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615639584">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 28 - Foreign exchange control measures in Argentina (Details Textual)<br> $ in Thousands, $ in Millions</strong></div></th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Aug. 19, 2022 </div>
<div>ARS ($)</div>
</th>
<th class="th">
<div>Aug. 19, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2021 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_ArgentineSovereignBondsMember', window );">Argentine sovereign bonds [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_LossArisingFromDividendPaidInKind', window );">Loss arising from dividend paid in kind</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 29,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of entity's revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina | Argentine sovereign bonds [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DistributionOfDividendInKind', window );">Distribution of dividend in kind</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">54,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina | Subsidiaries [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfEntitysNetEquity', window );">Percentage of entity's net equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.60%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfEntitysRevenue', window );">Percentage of entity's revenue</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina | SIDERCA S.A.I.C. and subsidiaries [member] | Argentine sovereign bonds [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DistributionOfDividendInKind', window );">Distribution of dividend in kind</a></td>
<td class="nump">$ 7,394<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_ArgentinePesoUsDollarForeignExchangeRiskMember', window );">Argentine Peso / U.S. dollar foreign exchange risk [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Currency exposure / functional currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 126,739<span></span>
</td>
<td class="nump">$ 95,073<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_ArgentinePesoUsDollarForeignExchangeRiskMember', window );">Argentine Peso / U.S. dollar foreign exchange risk [member] | Argentina</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ForeignExchangeRiskCurrencyExposure', window );">Currency exposure / functional currency</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 127,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ts_InternationalMarketMember', window );">International market [member] | Argentine sovereign bonds [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems', window );"><strong>Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DistributionOfDividendInKind', window );">Distribution of dividend in kind</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 24,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfEntitysRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of the entity's revenue. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2022-03-24<br> -Paragraph 34<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=8&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfEntitysRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DistributionOfDividendInKind">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of distribution of dividend in kind.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DistributionOfDividendInKind</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ForeignExchangeRiskCurrencyExposure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of currency exposure which impact profit and loss expressed as long/(short).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ForeignExchangeRiskCurrencyExposure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_LossArisingFromDividendPaidInKind">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Amount of loss arising from dividend paid in kind.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_LossArisingFromDividendPaidInKind</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentageOfEntitysNetEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of the entity's net equity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentageOfEntitysNetEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ts_ArgentineSovereignBondsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ts_ArgentineSovereignBondsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_AR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_AR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ifrs-full_SubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ifrs-full_SubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SidercaSaicAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SidercaSaicAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ts_ArgentinePesoUsDollarForeignExchangeRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_ArgentinePesoUsDollarForeignExchangeRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ts_InternationalMarketMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ts_InternationalMarketMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576337552">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 29 - Cash Flow Disclosures - Cash Flow Disclosures (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfCashFlowAbstract', window );"><strong>Disclosure of Cash Flow [Abstract]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories', window );">Inventories</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">$ (1,329,865)<span></span>
</td>
<td class="num">$ (1,085,024)<span></span>
</td>
<td class="nump">$ 818,913<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets', window );">Receivables and prepayments and current tax assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(155,449)<span></span>
</td>
<td class="num">(79,912)<span></span>
</td>
<td class="nump">67,610<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables', window );">Trade receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="num">(1,208,278)<span></span>
</td>
<td class="num">(356,069)<span></span>
</td>
<td class="nump">414,826<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">57,389<span></span>
</td>
<td class="nump">4,892<span></span>
</td>
<td class="num">(36,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers', window );">Customer advances</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">151,066<span></span>
</td>
<td class="nump">44,661<span></span>
</td>
<td class="num">(29,253)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables', window );">Trade payables</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">353,892<span></span>
</td>
<td class="nump">399,988<span></span>
</td>
<td class="num">(180,807)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInWorkingCapital', window );">Increase (decrease) in working capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="num">(2,131,245)<span></span>
</td>
<td class="num">(1,071,464)<span></span>
</td>
<td class="nump">1,055,289<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncomeTaxAccrualsLessPaymentsAbstract', window );"><strong>Income tax accruals less payments</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_IncomeTaxesAccrued', window );">Tax accrued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">617,236<span></span>
</td>
<td class="nump">189,448<span></span>
</td>
<td class="nump">23,150<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities', window );">Taxes paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(359,585)<span></span>
</td>
<td class="num">(153,846)<span></span>
</td>
<td class="num">(140,364)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForIncomeTaxExpense', window );">Adjustments for income tax expense</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">257,651<span></span>
</td>
<td class="nump">35,602<span></span>
</td>
<td class="num">(117,214)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_InterestAccrualsLessPaymentsNetAbstract', window );"><strong>Interest accruals less payments, net</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_InterestAccrued', window );">Interest accrued</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(34,080)<span></span>
</td>
<td class="num">(14,371)<span></span>
</td>
<td class="nump">8,627<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForInterestIncome', window );">Interest received</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">68,335<span></span>
</td>
<td class="nump">24,567<span></span>
</td>
<td class="nump">19,613<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_InterestPaidClassifiedAsOperatingActivities', window );">Interest paid</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(32,775)<span></span>
</td>
<td class="num">(21,559)<span></span>
</td>
<td class="num">(28,778)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdjustmentsForFinanceIncomeCost', window );">Interest income (expense)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,480<span></span>
</td>
<td class="num">$ (11,363)<span></span>
</td>
<td class="num">$ (538)<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top"><span style="border-right: none; border-left: none;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar for an amount of $</span><span style="border-left: none; border-right: none;">4.2</span><span style="border-right: none; border-left: none;"> million for </span><span style="border-left: none; border-right: none;">2022</span><span style="border-right: none; border-left: none;">, $</span><span style="border-left: none; border-right: none;">25.6</span><span style="border-right: none; border-left: none;"> million for </span><span style="border-left: none; border-right: none;">2021</span><span style="border-right: none; border-left: none;"> and $</span><span style="border-left: none; border-right: none;">3.8</span><span style="border-right: none; border-left: none;"> million for </span><span style="border-left: none; border-right: none;">2020</span><span style="border-right: none; border-left: none;">.</span></td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in inventories to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Inventories; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInInventories</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in loans and advances to customers to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Loans and advances to customers; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for decrease (increase) in trade and other receivables to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Trade and other receivables; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForFinanceIncomeCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for net finance income or cost to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Finance income (cost); Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForFinanceIncomeCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncomeTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for income tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncomeTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in other liabilities to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Other liabilities; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in trade and other payables to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Trade and other payables; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForInterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for interest income expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Interest income; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForInterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash flows from income taxes paid or refunded, classified as operating activities. [Refer: Income taxes paid (refund)]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 35<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 14<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_14_f&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInWorkingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in working capital.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInWorkingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestPaidClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for interest paid, classified as operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2022-03-24<br> -Paragraph 31<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=7&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestPaidClassifiedAsOperatingActivities</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase (decrease) in receivables and prepayments and current tax assets to reconcile profit (loss) to net cash flow from (used in) operating activities.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfCashFlowAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfCashFlowAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_IncomeTaxAccrualsLessPaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_IncomeTaxAccrualsLessPaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_IncomeTaxesAccrued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of income taxes accrued.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_IncomeTaxesAccrued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_InterestAccrualsLessPaymentsNetAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_InterestAccrualsLessPaymentsNetAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_InterestAccrued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of interest accrued during the period.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_InterestAccrued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615258416">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 30 - Related Party Transactions (Details Textual) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares issued (in shares)</a></td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="nump">1,180,536,830<span></span>
</td>
<td class="nump">1,180,536,830<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits', window );">Key management personnel compensation, short-term employee benefits</a></td>
<td class="nump">$ 35.2<span></span>
</td>
<td class="nump">$ 37.7<span></span>
</td>
<td class="nump">$ 27.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment', window );">Key management personnel compensation, share-based payment</a></td>
<td class="nump">$ 5.1<span></span>
</td>
<td class="nump">$ 3.9<span></span>
</td>
<td class="nump">$ 5.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ts_SanFaustinSaMember', window );">San Faustin S.A. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NumberOfSharesIssued', window );">Total number of shares issued (in shares)</a></td>
<td class="nump">713,605,187<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfOwnershipInterest', window );">Proportion of ownership interest in associate</a></td>
<td class="nump">60.45%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_KeyManagementPersonnelOfEntityOrParentMember', window );">Key management personnel of entity or parent [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfOwnershipInterest', window );">Proportion of ownership interest in associate</a></td>
<td class="nump">0.07%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_UnitsIssuedRelatedPartyTransactions', window );">Units issued, related party transactions (in shares)</a></td>
<td class="nump">437,000<span></span>
</td>
<td class="nump">382,000<span></span>
</td>
<td class="nump">522,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of share-based payments. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph e<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_e&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of short-term employee benefits. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares issued by the entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 106<br> -Subparagraph d<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentageOfOwnershipInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage of the voting interest owned by the reporting entity (directly or indirectly).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentageOfOwnershipInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_UnitsIssuedRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of units issued in a related party transaction.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_UnitsIssuedRelatedPartyTransactions</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ts_SanFaustinSaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=ts_SanFaustinSaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_KeyManagementPersonnelOfEntityOrParentMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665571128352">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 30 - Related Party Transactions - Transactions Carried Out With Related Parties (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_RevenueRelatedPartyTransactions', window );">Revenue, related party transactions</a></td>
<td class="nump">$ 366,433<span></span>
</td>
<td class="nump">$ 201,775<span></span>
</td>
<td class="nump">$ 49,304<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions', window );">Purchases of goods and services, related party transactions</a></td>
<td class="nump">758,443<span></span>
</td>
<td class="nump">350,951<span></span>
</td>
<td class="nump">122,489<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AmountsReceivablePayableRelatedPartyTransactions', window );">Amounts receivable (payable), related party transactions</a></td>
<td class="num">(8,006)<span></span>
</td>
<td class="nump">52,801<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinanceLeaseLiabilitiesFromNonconsolidatedParties', window );">Finance lease liabilities from non-consolidated parties</a></td>
<td class="num">(1,650)<span></span>
</td>
<td class="num">(1,936)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties', window );">Finance lease liabilities from other related parties</a></td>
<td class="num">(483)<span></span>
</td>
<td class="num">(624)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_FinancialDebtRelatedParties', window );">Financial debt related parties</a></td>
<td class="num">(2,133)<span></span>
</td>
<td class="num">(2,560)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_AssociatesMember', window );">Associates [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions', window );">Sales of goods to related parties</a></td>
<td class="nump">100,019<span></span>
</td>
<td class="nump">71,879<span></span>
</td>
<td class="nump">20,183<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions', window );">Sales of services to related parties</a></td>
<td class="nump">5,407<span></span>
</td>
<td class="nump">4,161<span></span>
</td>
<td class="nump">5,829<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions', window );">Purchases of goods to related parties</a></td>
<td class="nump">656,877<span></span>
</td>
<td class="nump">294,929<span></span>
</td>
<td class="nump">84,485<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions', window );">Purchases of services to related parties</a></td>
<td class="nump">13,759<span></span>
</td>
<td class="nump">9,763<span></span>
</td>
<td class="nump">6,979<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmountsReceivableRelatedPartyTransactions', window );">Receivables from non-consolidated parties</a></td>
<td class="nump">69,135<span></span>
</td>
<td class="nump">66,896<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmountsPayableRelatedPartyTransactions', window );">Payables to non-consolidated parties</a></td>
<td class="num">(142,228)<span></span>
</td>
<td class="num">(45,092)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_OtherRelatedPartiesMember', window );">Other related parties [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems', window );"><strong>Disclosure of transactions between related parties [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions', window );">Sales of goods to related parties</a></td>
<td class="nump">151,884<span></span>
</td>
<td class="nump">76,467<span></span>
</td>
<td class="nump">18,243<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions', window );">Sales of services to related parties</a></td>
<td class="nump">109,123<span></span>
</td>
<td class="nump">49,268<span></span>
</td>
<td class="nump">5,049<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions', window );">Purchases of goods to related parties</a></td>
<td class="nump">51,040<span></span>
</td>
<td class="nump">32,453<span></span>
</td>
<td class="nump">12,892<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions', window );">Purchases of services to related parties</a></td>
<td class="nump">36,767<span></span>
</td>
<td class="nump">13,806<span></span>
</td>
<td class="nump">$ 18,133<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmountsReceivableRelatedPartyTransactions', window );">Receivables from non-consolidated parties</a></td>
<td class="nump">78,370<span></span>
</td>
<td class="nump">33,122<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AmountsPayableRelatedPartyTransactions', window );">Payables to non-consolidated parties</a></td>
<td class="num">$ (13,283)<span></span>
</td>
<td class="num">$ (2,125)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmountsPayableRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts payable resulting from related party transactions. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 18<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountsPayableRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmountsReceivableRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts receivable resulting from related party transactions. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 20<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 18<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountsReceivableRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of goods purchased by the entity in related party transactions. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchasesOfGoodsRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of property and other assets purchased by the entity in related party transactions. [Refer: Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph b<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_b&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchasesOfPropertyAndOtherAssetsRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from the rendering of services in related party transactions. [Refer: Revenue; Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromRenderingOfServicesRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from the sale of goods in related party transactions. [Refer: Revenue; Related parties [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=24&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_AmountsReceivablePayableRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amounts receivable (payable) resulting from related party transactions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AmountsReceivablePayableRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_FinanceLeaseLiabilitiesFromNonconsolidatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of finance lease liabilities from non-consolidated parties as of the specified date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_FinanceLeaseLiabilitiesFromNonconsolidatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of finance lease liabilities from other related parties as of the specified date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_FinancialDebtRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of financial debt with related parties.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_FinancialDebtRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of purchases of goods and services in related party transactions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PurchasesOfGoodsAndServicesRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_RevenueRelatedPartyTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from related party transactions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_RevenueRelatedPartyTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_AssociatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_AssociatesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_OtherRelatedPartiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=ifrs-full_OtherRelatedPartiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
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<FILENAME>R156.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<head>
<title></title>
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<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665610963632">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 31 - Principal accountant fees - Fees Accrued for Professional Services (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AdditionalInformationAbstract', window );"><strong>Additional information [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationForAuditServices', window );">Audit fees</a></td>
<td class="nump">$ 3,966<span></span>
</td>
<td class="nump">$ 3,804<span></span>
</td>
<td class="nump">$ 3,781<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AuditorsRemunerationForAuditrelatedFees', window );">Audit-related fees</a></td>
<td class="nump">255<span></span>
</td>
<td class="nump">220<span></span>
</td>
<td class="nump">134<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationForTaxServices', window );">Tax fees</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">102<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AuditorsRemunerationForOtherServices', window );">All other fees</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="rou">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AuditorsRemuneration', window );">Total</a></td>
<td class="nump">$ 4,232<span></span>
</td>
<td class="nump">$ 4,029<span></span>
</td>
<td class="nump">$ 4,017<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemuneration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemuneration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AuditorsRemunerationForAuditServices">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for auditing services.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationForAuditServices</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for services that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationForOtherServices</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for tax services.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 112<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AuditorsRemunerationForTaxServices</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of fees paid or payable to the entity's auditors for other audit-related fees.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AuditorsRemunerationForAuditrelatedFees</td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665576322256">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 32 - Principal Subsidiaries (Details Textual)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisSupplyChainSAMember', window );">Tenaris Supply Chain S.A. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">98.40%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TubularTechnicalServicesAndPipeCoatersMember', window );">Tubular Technical Services and Pipe Coaters [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">40.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_AmajaTubularServicesLimitedMember', window );">Amaja Tubular Services Limited [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">49.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TubularServicesAngolaLdaMember', window );">Tubular Services Angola Lda. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">49.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisBaogangBaotouSteelPipesLtdMember', window );">Tenaris Baogang Baotou Steel Pipes Ltd [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">60.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_NkktubesMember', window );">NKKTUBES [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Proportion of ownership interest in subsidiary</a></td>
<td class="nump">51.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 19B<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td></td>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565793344">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>Note 32 - Principal Subsidiaries - Percentage of Ownership of Each Controlled Company (Details)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada | ALGOMA TUBES INC. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada | TENARIS GLOBAL SERVICES (CANADA) INC. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_BR', window );">Brazil | CONFAB INDUSTRIAL S.A. and subsidiaries [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_IT', window );">Italy | DALMINE S.p.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">USA | HYDRIL COMPANY and subsidiaries [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">USA | IPSCO TUBULARS INC. and subsidiaries [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">USA | MAVERICK TUBE CORPORATION and subsidiaries [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">USA | TENARIS BAY CITY, INC. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">USA | TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_ID', window );">Indonesia | PT SEAMLESS PIPE INDONESIA JAYA [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">89.00%<span></span>
</td>
<td class="nump">89.00%<span></span>
</td>
<td class="nump">89.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_RO', window );">Romania | S.C. SILCOTUB S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_SA', window );">SAUDI ARABIA | Saudi Steel Pipe Company [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">47.79%<span></span>
</td>
<td class="nump">48.00%<span></span>
</td>
<td class="nump">48.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina | SIAT SOCIEDAD ANONIMA [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_AR', window );">Argentina | SIDERCA S.A.I.C. and subsidiaries [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_PT', window );">PORTUGAL | TALTA&#8212;TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_NL', window );">NETHERLANDS | TENARIS CONNECTIONS BV [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_NL', window );">NETHERLANDS | TENARIS INVESTMENTS (NL) B.V. and subsidiaries [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_UY', window );">URUGUAY | TENARIS FINANCIAL SERVICES S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_UY', window );">URUGUAY | TENARIS GLOBAL SERVICES S.A. and subsidiaries [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[3]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_GB', window );">UNITED KINGDOM | TENARIS GLOBAL SERVICES (UK) LTD [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_LU', window );">LUXEMBOURG | TENARIS INVESTMENTS S.&#224;r.l. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CO', window );">Colombia | TENARIS TUBOCARIBE LTDA. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_MX', window );">Mexico | TUBOS DE ACERO DE MEXICO S.A. [member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CN', window );">CHINA | Tenaris Qingdao Steel Pipes Ltd [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top"><span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">All percentages rounded.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;holds 51% of&#160;</span>NKKTubes<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</span></td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[3]</td>
<td style="vertical-align: top;" valign="top">Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;holds 98.4% of&#160;</span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Supply Chain S.A. and 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of&#160;</span>Amaja<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Tubular Services Limited and 60% of&#160;</span>Tenaris<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;</span>Baogang<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;</span>Baotou<span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&#160;Steel Pipes Ltd, and until 2021 held 49% of Tubular Services Angola&#160;Lda.</span></td>
</tr>
</table></td></tr>
</table>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 19B<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_AlgomaTubesIncMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_AlgomaTubesIncMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisGlobalServicesCanadaIncMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisGlobalServicesCanadaIncMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_BR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_BR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_ConfabIndustrialSaAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_ConfabIndustrialSaAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_IT">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_IT</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_DalmineSPAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_DalmineSPAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_HydrilCompanyAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_HydrilCompanyAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_IPSCOTUBULARSINCAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_IPSCOTUBULARSINCAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_MaverickTubeCorporationAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_MaverickTubeCorporationAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisBayCityIncMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisBayCityIncMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisGlobalServicesUsaCorporationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisGlobalServicesUsaCorporationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_ID">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_ID</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_PtSeamlessPipeIndonesiaJayaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_PtSeamlessPipeIndonesiaJayaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_RO">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_RO</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_ScSilcotubSaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_ScSilcotubSaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_SA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_SA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SaudiSteelPipeCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SaudiSteelPipeCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_AR">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_AR</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SiatSociedadAnonimaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SiatSociedadAnonimaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SidercaSaicAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_SidercaSaicAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_PT">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_PT</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_NL">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_NL</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisConnectionsBvMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisConnectionsBvMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisInvestmentsNLBVAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisInvestmentsNLBVAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_UY">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_UY</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisFinancialServicesSaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisFinancialServicesSaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisGlobalServicesSaAndSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisGlobalServicesSaAndSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_GB">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_GB</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisGlobalServicesUkLtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisGlobalServicesUkLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_LU">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_LU</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisInvestmentsSrlMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisInvestmentsSrlMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CO">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CO</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisTubocaribeLtdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisTubocaribeLtdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_MX">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_MX</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TubosDeAceroDeMexicoSaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TubosDeAceroDeMexicoSaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CN">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CN</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TenarisQingdaoSteelPipesLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
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<html>
<head>
<title></title>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665580861008">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 33 - Business Combinations (Details Textual) - Parques Eolicos de la Buena Ventura S.A. [member]<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Apr. 30, 2022 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Percentage of voting equity interests acquired</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred', window );">Acquisition price fully paid</a></td>
<td class="nump">$ 4,100<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed', window );">Fair value of acquired assets and liabilities</a></td>
<td class="nump">4,100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate', window );">Goodwill recognized</a></td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of the consideration transferred in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Paragraph B64<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B64_f&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfBusinessCombinationsLineItems</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the business combination's acquisition date for goodwill. [Refer: Goodwill; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Paragraph IE72<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Paragraph B64<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B64&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GoodwillRecognisedAsOfAcquisitionDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for net identifiable assets acquired or liabilities assumed in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Paragraph B64<br> -Subparagraph i<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Paragraph IE72<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2022-03-24<br> -Paragraph B64<br> -Subparagraph c<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=3&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_B64_c&amp;doctype=Appendix&amp;subtype=B<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfVotingEquityInterestsAcquired</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td>dtr-types:percentItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=ts_ParquesEolicosDeLaBuenaVenturaSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=ts_ParquesEolicosDeLaBuenaVenturaSAMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<TYPE>XML
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<FILENAME>R160.htm
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665569434208">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 34 - Nationalization of Venezuelan Subsidiaries (Details Textual) - TALTA&#8212;TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. [member] - VENEZUELA - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 12, 2016</div></th>
<th class="th"><div>Jan. 29, 2016</div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Jan. 25, 2023</div></th>
<th class="th"><div>Nov. 05, 2021</div></th>
<th class="th"><div>Aug. 24, 2021</div></th>
<th class="th"><div>Jul. 17, 2020</div></th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember', window );">Awards purchase agreement [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesPurchaseAgreement', window );">Purchase agreement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 81.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses', window );">Non-refundable signing payment as reimbursement of expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_MatesiMaterialesSiderrgicosSaMember', window );">Matesi Materiales Sider&#250;rgicos S.A [member] | ICSID in Washington D.C. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest', window );">Nationalization of subsidiaries, compensation award not including pre-award interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 87.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesPreawardInterest', window );">Nationalization of subsidiaries, pre-award interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">85.5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees', window );">Nationalization of subsidiaries, compensation award including pre-award interest and legal fees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">173.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesReimbursementOfLegalFees', window );">Nationalization of subsidiaries, reimbursement of legal fees and administrative costs</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment', window );">Nationalization of subsidiaries, grace period granted from date of award to make payment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">6 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesPostawardInterestRate', window );">Nationalization of subsidiaries, post-award interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault', window );">Nationalization of subsidiaries, period of post-award interest from date of award to payment in default</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">6 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest', window );">Nationalization of subsidiaries, compensation award post-award interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 144.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest', window );">Nationalization of subsidiaries, compensation award including including principal and post-award interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">317.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_MatesiMaterialesSiderrgicosSaMember', window );">Matesi Materiales Sider&#250;rgicos S.A [member] | Federal court in District of Columbia [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest', window );">Nationalization of subsidiaries, compensation award including including principal and post-award interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 256.4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest', window );">Nationalization of subsidiaries, compensation award post-judgment interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest', window );">Nationalization of subsidiaries, compensation award including principal, post-award interest and post-judgment interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">257.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_TavsaAndComsiguaMember', window );">Tavsa and Comsigua [member] | ICSID in Washington D.C. [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest', window );">Nationalization of subsidiaries, compensation award not including pre-award interest</a></td>
<td class="nump">$ 137.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesPreawardInterest', window );">Nationalization of subsidiaries, pre-award interest</a></td>
<td class="nump">76.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesReimbursementOfLegalFees', window );">Nationalization of subsidiaries, reimbursement of legal fees and administrative costs</a></td>
<td class="nump">$ 3.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest', window );">Nationalization of subsidiaries, compensation award post-award interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">85.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest', window );">Nationalization of subsidiaries, compensation award including including principal and post-award interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">301.4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesInterestRateBasisSpread', window );">Nationalization of subsidiaries, interest rate basis spread</a></td>
<td class="text">LIBOR<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate', window );">Nationalization of subsidiaries, basis spread on variable rate</a></td>
<td class="nump">4.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LegalEntityAxis=ts_TavsaAndComsiguaMember', window );">Tavsa and Comsigua [member] | Federal court in District of Columbia [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest', window );">Nationalization of subsidiaries, compensation award including including principal and post-award interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 276.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest', window );">Nationalization of subsidiaries, compensation award post-judgment interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest', window );">Nationalization of subsidiaries, compensation award including principal, post-award interest and post-judgment interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 280.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 280.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Percentage points added to the reference rate to compute the variable rate on the interest receivable associated with the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesBasisSpreadOnVariableRate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount awarded, including pre-award interest and legal fees, as compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesCompensationAwardIncludingPreawardInterestAndLegalFees</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount awarded, including principal and post-award interest, as compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalAndPostAwardInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount awarded, including pre-award interest and legal fees, as compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesCompensationAwardIncludingPrincipalPostAwardInterestAndPostJudgmentInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount awarded, not including pre-award interest, as compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesCompensationAwardNotIncludingPreawardInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount awarded, including pre-award interest and legal fees, as compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesCompensationAwardPostJudgmentInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of post-award interest for compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesCompensationAwardPostawardInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The grace period granted from the date of the award to make payment related to compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesGracePeriodGrantedFromDateOfAwardToMakePayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesInterestRateBasisSpread">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The basis (reference rate) used for calculation of the interest rate on compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesInterestRateBasisSpread</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of non-refundable signing payment as reimbursement of expenses associated with the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesNonRefundableSigningPaymentAsReimbursementOfExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The period of post-award interest from the date of the award to payment in default related to compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesPeriodOfPostAwardInterestFromDateOfAwardToPaymentInDefault</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesPostawardInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The rate at which interest will accrue if compensation for the nationalization of subsidiaries is not received by the due date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesPostawardInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesPreawardInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of pre-award interest associated with compensation for the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesPreawardInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesPurchaseAgreement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of price of the purchase agreement associated with the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesPurchaseAgreement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NationalizationOfSubsidiariesReimbursementOfLegalFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of reimbursement of legal fees associated with the nationalization of subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NationalizationOfSubsidiariesReimbursementOfLegalFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=ts_TaltatradingEMarketingSociedadeUnipessoalLdaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_VE">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_VE</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfContractsAxis=ts_AwardsPurchaseAgreementMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfContractsAxis=ts_AwardsPurchaseAgreementMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_MatesiMaterialesSiderrgicosSaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_MatesiMaterialesSiderrgicosSaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_LitigationCaseAxis=ts_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_LitigationCaseAxis=ts_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_LitigationCaseAxis=ts_FederalCourtInDistrictOfColumbiaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_LitigationCaseAxis=ts_FederalCourtInDistrictOfColumbiaMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=ts_TavsaAndComsiguaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TavsaAndComsiguaMember</td>
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<tr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>182
<FILENAME>R161.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665565853712">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 35 - Other relevant information (Details - Textuals) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfJointVenturesLineItems', window );"><strong>Disclosure of joint ventures [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="nump">$ 76,725<span></span>
</td>
<td class="nump">$ 57,075<span></span>
</td>
<td class="nump">$ 622,402<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">$ 128,728<span></span>
</td>
<td class="nump">145,124<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=ts_NkktubesMember', window );">NKKTUBES [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfJointVenturesLineItems', window );"><strong>Disclosure of joint ventures [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture', window );">Proportion of ownership interest in joint venture</a></td>
<td class="nump">51.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charge</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 57,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">$ 13,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax', window );">Reclassification of currency translation adjustment reserve</a></td>
<td class="nump">$ 71,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_JointVenturesAxis=ts_NkktubesMember', window );">NKKTUBES [member] | JFE [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfJointVenturesLineItems', window );"><strong>Disclosure of joint ventures [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInJointVenture', window );">Proportion of ownership interest in joint venture</a></td>
<td class="nump">49.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfJointVenturesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfJointVenturesLineItems</td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss or reversal of impairment loss recognised in profit or loss. [Refer: Impairment loss recognised in profit or loss; Reversal of impairment loss recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 99<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 12<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2022-03-24<br> -Paragraph 22<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=10&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 54<br> -Subparagraph q<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a joint venture attributable to the entity. [Refer: Joint ventures [member]]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2022-03-24<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=27&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2022-03-24<br> -Paragraph 21<br> -Subparagraph a<br> -Clause iv<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&amp;num=12&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_21_a_iv&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInJointVenture</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of reclassification adjustments related to exchange differences when the financial statements of foreign operations are translated, net of tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2022-03-24<br> -Paragraph 48<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=21&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_48&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 92<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_92&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=ts_NkktubesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_srt_CounterpartyNameAxis=ts_JfeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">srt_CounterpartyNameAxis=ts_JfeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>183
<FILENAME>R162.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575989456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 36 - The Russia-Ukraine armed conflict and its impact on Tenaris&#8217;s operations (Details Textual)<br> $ in Millions</strong></div></th>
<th class="th" colspan="1">1 Months Ended</th>
</tr>
<tr><th class="th">
<div>Mar. 31, 2022 </div>
<div>USD ($)</div>
</th></tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_RU', window );">Russia | PAO Severstal [member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_UnusualOrInfrequentItem1LineItems', window );"><strong>Unusual or Infrequent Item 1 [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ImpairmentLossOnInvestmentInJointVenture', window );">Impairment loss on investment in joint venture</a></td>
<td class="nump">$ 14.9<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ImpairmentLossOnInvestmentInJointVenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of Impairment loss on investment in joint venture.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ImpairmentLossOnInvestmentInJointVenture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_UnusualOrInfrequentItem1LineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_UnusualOrInfrequentItem1LineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_RU">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_RU</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_JointVenturesAxis=ts_PAOPSeverstalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_JointVenturesAxis=ts_PAOPSeverstalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
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<FILENAME>R163.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665615246864">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 37 - Climate change (Details Textual) - Medium term target [member]<br></strong></div></th>
<th class="th" colspan="1">1 Months Ended</th>
</tr>
<tr><th class="th"><div>Feb. 28, 2021</div></th></tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DisclosureOfClimateChangeLineItems', window );"><strong>Disclosure of climate change [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfTargetForReducingCarbonEmissionsIntensity', window );">Percentage of target for reducing carbon emissions intensity</a></td>
<td class="nump">30.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PeriodOverClimateRelatedTargetApplies', window );">Period over climate-related target applies</a></td>
<td class="text">2030<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured', window );">Baseline from which progress for climate-related target is measured</a></td>
<td class="text">2018<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the baseline from which progress for climate-related target is measured.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_BaseLineFromWhichProgressForClimateRelatedTargetIsMeasured</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DisclosureOfClimateChangeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DisclosureOfClimateChangeLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentageOfTargetForReducingCarbonEmissionsIntensity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of the target for reducing the intensity of carbon emissions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentageOfTargetForReducingCarbonEmissionsIntensity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PeriodOverClimateRelatedTargetApplies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The description of the period over which the climate-related target applies.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PeriodOverClimateRelatedTargetApplies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_TimeHorizonAxis=ts_MediumTermTargetMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_TimeHorizonAxis=ts_MediumTermTargetMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>185
<FILENAME>R164.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665611426784">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Note 38 - Events after the reporting period (Details Textual) - USD ($)<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">6 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>May 03, 2023</div></th>
<th class="th"><div>Nov. 23, 2022</div></th>
<th class="th"><div>May 25, 2022</div></th>
<th class="th"><div>May 26, 2021</div></th>
<th class="th"><div>May 25, 2022</div></th>
<th class="th"><div>May 26, 2021</div></th>
<th class="th"><div>Dec. 31, 2022</div></th>
<th class="th"><div>Dec. 31, 2021</div></th>
<th class="th"><div>Dec. 31, 2020</div></th>
<th class="th"><div>May 24, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaidOrdinarySharesPerShare', window );">Dividends paid, ordinary shares per share (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.17<span></span>
</td>
<td class="nump">$ 0.28<span></span>
</td>
<td class="nump">$ 0.14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsPaidPerAmericanDepositarySecurity', window );">Dividends paid, per ADS (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.34<span></span>
</td>
<td class="nump">$ 0.56<span></span>
</td>
<td class="nump">$ 0.28<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Dividends recognised as distributions to owners</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 201,000<span></span>
</td>
<td class="nump">$ 331,000<span></span>
</td>
<td class="nump">$ 165,000<span></span>
</td>
<td class="nump">$ 484,000<span></span>
</td>
<td class="nump">$ 248,000<span></span>
</td>
<td class="nump">$ 541,674<span></span>
</td>
<td class="nump">$ 322,099<span></span>
</td>
<td class="nump">$ 87,938<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ts_AnnualDividendProposalMember', window );">Annual Dividend Proposal [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Annual dividend proposed to be distributed (in dollars per share)</a></td>
<td class="nump">$ 0.51<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity', window );">Annual dividend proposed to be distributed, amount per ads (in dollars per share)</a></td>
<td class="nump">$ 1.02<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners', window );">Annual dividend proposed to be distributed</a></td>
<td class="nump">$ 602,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsPayableAmountPerShares', window );">Dividends payable, amount per share (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.34<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_DividendsPayableAmountPerAmericanDepositarySecurity', window );">Dividends payable, amount per ads (in dollars per share)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.68<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_AnnualDividendPayable', window );">Annual dividend payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 401,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 107<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_107&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidOrdinarySharesPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid per ordinary share.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 34<br> -IssueDate 2022-03-24<br> -Paragraph 16A<br> -Subparagraph f<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=34&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_16A_f&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidOrdinarySharesPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends proposed or declared after the reporting period but before financial statements are authorised for issue. Such dividends are not recognised as a liability at the end of the reporting period because no obligation exists at that time.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 10<br> -IssueDate 2022-03-24<br> -Paragraph 13<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=10&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_13&amp;doctype=Standard<br> -URIDate 2022-03-24<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 137<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_137_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount, per share, of dividends proposed or declared before financial statements were authorised for issue but not recognised as distribution to owners.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2022-03-24<br> -Paragraph 137<br> -Subparagraph a<br> -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&amp;num=1&amp;code=ifrs-tx-2022-en-r&amp;anchor=para_137_a&amp;doctype=Standard<br> -URIDate 2022-03-24<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dtr-types:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_AnnualDividendPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of annual dividend payable.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_AnnualDividendPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsPaidPerAmericanDepositarySecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid per American Depositary Security ("ADS"). Each ADS equals two shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsPaidPerAmericanDepositarySecurity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsPayableAmountPerAmericanDepositarySecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount of a dividend declared or approved, but not yet paid (Dividends payable) per American Depositary Security (ADS). Each ADS equals two shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsPayableAmountPerAmericanDepositarySecurity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsPayableAmountPerShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The per share amount of a dividend payable.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsPayableAmountPerShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The amount, per American Depositary Security (ADS), of dividends proposed or declared before financial statements were authorised for issue but not recognised as distribution to owners. Each ADS equals two shares.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnerPerAmericanDepositarySecurity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ts_AnnualDividendProposalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ts_AnnualDividendProposalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm139665575634528">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Note 39 - Update as of March 30, 2022 (Details - Textuals) - Usiminas [member]<br> R$ / shares in Units, $ / shares in Units, shares in Millions, R$ in Millions, $ in Millions</strong></div></th>
<th class="th">
<div>Mar. 30, 2023 </div>
<div>BRL (R$) </div>
<div>Number </div>
<div>R$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Mar. 30, 2023 </div>
<div>USD ($) </div>
<div>Number </div>
<div>$ / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2022 </div>
<div>shares</div>
</th>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Ordinary shares [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfSharesSubscribedTo', window );">Number of shares subscribed to (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">36.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorPurchasesOfAssetsMember', window );">Major purchases of assets [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_MajorityPercentageOfControlGroupShares', window );">Majority percentage of control group shares</a></td>
<td class="nump">55.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorPurchasesOfAssetsMember', window );">Major purchases of assets [member] | T/T Group [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfVotingCapitalIncreasedInControlGroup', window );">Percentage of voting capital increased in control group</a></td>
<td class="nump">9.80%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfVotingCapitalInControlGroup', window );">Percentage of voting capital in control group</a></td>
<td class="nump">61.30%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorPurchasesOfAssetsMember', window );">Major purchases of assets [member] | T/T Group [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement', window );">Number of Board members can be appointed through the shareholders agreement | Number</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorPurchasesOfAssetsMember', window );">Major purchases of assets [member] | NSSMC [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfVotingCapitalInControlGroup', window );">Percentage of voting capital in control group</a></td>
<td class="nump">31.70%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorPurchasesOfAssetsMember', window );">Major purchases of assets [member] | Previdencia Usiminas [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_PercentageOfVotingCapitalInControlGroup', window );">Percentage of voting capital in control group</a></td>
<td class="nump">7.10%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorPurchasesOfAssetsMember', window );">Major purchases of assets [member] | Tenaris [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement', window );">Number of Board members can be appointed through the shareholders agreement | Number</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorPurchasesOfAssetsMember', window );">Major purchases of assets [member] | Ordinary shares [member] | T/T Group [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfSharesToBePurchasedUnderAgreement', window );">Number of shares to be purchased under agreement</a></td>
<td class="nump">68.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SharesSubscribedToPricePerShare', window );">Shares subscribed to, price per share (in BRL per share) | (per share)</a></td>
<td class="nump">R$ 10<span></span>
</td>
<td class="nump">$ 1.9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SharesSubscribedToValue', window );">Shares subscribed to, value</a></td>
<td class="nump">R$ 110<span></span>
</td>
<td class="nump">$ 21<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfSharesSubscribedTo', window );">Number of shares subscribed to (in shares)</a></td>
<td class="nump">11.0<span></span>
</td>
<td class="nump">11.0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfSharesToBePurchasedUnderAgreement', window );">Number of shares outstanding in control group</a></td>
<td class="nump">68.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption', window );">Thresold number of trading days immediately prior to date of exercising option | Number</a></td>
<td class="nump">40<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorPurchasesOfAssetsMember', window );">Major purchases of assets [member] | Ordinary shares [member] | NSSMC [member] | The new SHA [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems', window );"><strong>Disclosure of non-adjusting events after reporting period [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfSharesToBePurchasedUnderAgreement', window );">Number of shares to be purchased under agreement</a></td>
<td class="nump">153.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_SharesSubscribedToPricePerShare', window );">Shares subscribed to, price per share (in BRL per share) | R$ / shares</a></td>
<td class="nump">R$ 10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfSharesToBePurchasedUnderAgreement', window );">Number of shares outstanding in control group</a></td>
<td class="nump">153.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_ts_NumberOfTradingDaysToCalculateMovingAverageSharePrice', window );">Number of trading days to calculate moving average share price | Number</a></td>
<td class="nump">40<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_MajorityPercentageOfControlGroupShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The majority percentage of control group shares for ordinary decisions.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_MajorityPercentageOfControlGroupShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of Board members can be appointed through the shareholders agreement by the entity at a date.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NumberOfBoardMembersCanBeAppointedThroughShareholdersAgreement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NumberOfSharesSubscribedTo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the amount of shares subscribed to.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NumberOfSharesSubscribedTo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NumberOfSharesToBePurchasedUnderAgreement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of shares to be purchased under agreement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NumberOfSharesToBePurchasedUnderAgreement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_NumberOfTradingDaysToCalculateMovingAverageSharePrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The number of trading days to calculate moving average share price.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_NumberOfTradingDaysToCalculateMovingAverageSharePrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentageOfVotingCapitalInControlGroup">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of company voting capital in control group upon the closing of the transaction under share purchase agreement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentageOfVotingCapitalInControlGroup</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_PercentageOfVotingCapitalIncreasedInControlGroup">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The percentage of company voting capital increased in control group upon the closing of the transaction under share purchase agreement.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_PercentageOfVotingCapitalIncreasedInControlGroup</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SharesSubscribedToPricePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the price per share of shares subscribed to.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SharesSubscribedToPricePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_SharesSubscribedToValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Represents the value of shares subscribed to.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_SharesSubscribedToValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ts_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The thresold number of trading days immediately prior to date of exercising option to calculate moving average share price.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ts_ThresoldNumberOfTradingDaysImmediatelyPriorToDateOfExercisingOption</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ts_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
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<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=ts_UsiminasMember</td>
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<td><strong> Data Type:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorPurchasesOfAssetsMember</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=ts_TTGroupMember</td>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="I20221231_SparePartsAndEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_VehiclesFurnitureAndFixturesMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_LandAndCivilBuildingsMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20211231_SparePartsAndEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20221231_IpscoTubularsIncMember_ContingentLiabilityForGuaranteesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfContingentLiabilitiesAxis">ifrs-full:ContingentLiabilityForGuaranteesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:IpscoTubularsIncMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="I20221231_OtherBorrowingsMember_LaterThanTwoYearsAndNotLaterThanThreeYearsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BorrowingsByNameAxis">ts:OtherBorrowingsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:MaturityAxis">ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_OtherBorrowingsMember_LaterThanOneYearAndNotLaterThanTwoYearsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BorrowingsByNameAxis">ts:OtherBorrowingsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:MaturityAxis">ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20211231_VehiclesFurnitureAndFixturesMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20221231_OtherBorrowingsMember_NotLaterThanOneYearMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BorrowingsByNameAxis">ts:OtherBorrowingsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:MaturityAxis">ifrs-full:NotLaterThanOneYearMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_LandAndCivilBuildingsMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20211231_OtherBorrowingsMember_LaterThanTwoYearsAndNotLaterThanThreeYearsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BorrowingsByNameAxis">ts:OtherBorrowingsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:MaturityAxis">ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20211231_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_OtherBorrowingsMember_LaterThanOneYearAndNotLaterThanTwoYearsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BorrowingsByNameAxis">ts:OtherBorrowingsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:MaturityAxis">ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_OtherBorrowingsMember_NotLaterThanOneYearMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BorrowingsByNameAxis">ts:OtherBorrowingsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:MaturityAxis">ifrs-full:NotLaterThanOneYearMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="D20221231_US">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:US</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="D20201231_EliminationOfIntersegmentAmountsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:SegmentConsolidationItemsAxis">ifrs-full:EliminationOfIntersegmentAmountsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="D20211231_EliminationOfIntersegmentAmountsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:SegmentConsolidationItemsAxis">ifrs-full:EliminationOfIntersegmentAmountsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_EliminationOfIntersegmentAmountsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:SegmentConsolidationItemsAxis">ifrs-full:EliminationOfIntersegmentAmountsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="I20221231_ConfabIndustrialSaAndSubsidiariesMember_TaxContingentLiabilityMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfContingentLiabilitiesAxis">ifrs-full:TaxContingentLiabilityMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:ConfabIndustrialSaAndSubsidiariesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="D20181009_ConfabMember_ChubbMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:CounterpartyNameAxis">ts:ChubbMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">ts:ConfabMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2018-10-09</startDate>
            <endDate>2018-10-09</endDate>
        </period>
    </context>
    <context id="I20201231_UnallocatedRegionMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:UnallocatedRegionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="D20201231_UnallocatedRegionMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:UnallocatedRegionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="I20211231_UnallocatedRegionMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:UnallocatedRegionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_UnallocatedRegionMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:UnallocatedRegionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="D20171231">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
        </entity>
        <period>
            <startDate>2017-01-01</startDate>
            <endDate>2017-12-31</endDate>
        </period>
    </context>
    <context id="I20221231_UnallocatedRegionMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:UnallocatedRegionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="D20221231_UnallocatedRegionMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:UnallocatedRegionMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_MiddleEastAndAfricaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:MiddleEastAndAfricaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="D20201231_MiddleEastAndAfricaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:MiddleEastAndAfricaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="I20211231_MiddleEastAndAfricaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:MiddleEastAndAfricaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_MiddleEastAndAfricaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:MiddleEastAndAfricaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20221231_MiddleEastAndAfricaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:MiddleEastAndAfricaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="D20221231_MiddleEastAndAfricaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:MiddleEastAndAfricaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="D20201231_MX_TubosDeAceroDeMexicoSaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:MX</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TubosDeAceroDeMexicoSaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="D20211231_MX_TubosDeAceroDeMexicoSaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:MX</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TubosDeAceroDeMexicoSaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_MX_TubosDeAceroDeMexicoSaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:MX</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TubosDeAceroDeMexicoSaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="D20201231_LU_TenarisInvestmentsSrlMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:LU</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TenarisInvestmentsSrlMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="D20211231_LU_TenarisInvestmentsSrlMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:LU</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TenarisInvestmentsSrlMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_LU_TenarisInvestmentsSrlMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:LU</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TenarisInvestmentsSrlMember</xbrldi:explicitMember>
            </segment>
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        <entity>
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            <segment>
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        <entity>
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                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:ScSilcotubSaMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_RO_ScSilcotubSaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
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        <period>
            <startDate>2022-01-01</startDate>
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    <context id="D20201231_ID_PtSeamlessPipeIndonesiaJayaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
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            <startDate>2020-01-01</startDate>
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        <entity>
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            <startDate>2021-01-01</startDate>
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        <entity>
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    <context id="D20201231_US_MaverickTubeCorporationAndSubsidiariesMember">
        <entity>
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            <segment>
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            <startDate>2020-01-01</startDate>
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    <context id="I20221231_FloatingInterestRateMember_SAR">
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        <entity>
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            <segment>
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                <xbrldi:explicitMember dimension="ifrs-full:TypesOfInterestRatesAxis">ifrs-full:FloatingInterestRateMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_FixedInterestRateMember_USD">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:CurrencyAxis">currency:USD</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:TypesOfInterestRatesAxis">ifrs-full:FixedInterestRateMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_FixedInterestRateMember_SAR">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:CurrencyAxis">currency:SAR</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_FixedInterestRateMember_EUR">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:CurrencyAxis">currency:EUR</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:TypesOfInterestRatesAxis">ifrs-full:FixedInterestRateMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
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    <context id="I20221231_PreferenceSharesMember_UsiminasMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfShareCapitalAxis">ifrs-full:PreferenceSharesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:UsiminasMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
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    <context id="I20221231_OrdinarySharesMember_UsiminasMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfShareCapitalAxis">ifrs-full:OrdinarySharesMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:UsiminasMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
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    <context id="I20221231_SaudiSteelPipeCompanyMember_GlobalPipeCompanyMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BusinessCombinationsAxis">ts:SaudiSteelPipeCompanyMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:GlobalPipeCompanyMember</xbrldi:explicitMember>
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        <period>
            <instant>2022-12-31</instant>
        </period>
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    <context id="I20190213_TechgenSAMember_SeveralBanksToRefinanceObligationsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BorrowingsByNameAxis">ts:SeveralBanksToRefinanceObligationsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:TechgenSAMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2019-02-13</instant>
        </period>
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    <context id="I20211231_SA_GlobalPipeCompanyMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:SA</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:GlobalPipeCompanyMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
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    <context id="I20201231_ID">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:ID</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20221231_SA_GlobalPipeCompanyMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:SA</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:GlobalPipeCompanyMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
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    <context id="D20211231_SA_GlobalPipeCompanyMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:SA</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:GlobalPipeCompanyMember</xbrldi:explicitMember>
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        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
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    <context id="D20221231_SA_GlobalPipeCompanyMember">
        <entity>
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            <segment>
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                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:GlobalPipeCompanyMember</xbrldi:explicitMember>
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        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
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    <context id="I20211231_MX_TechgenSAMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:MX</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:TechgenSAMember</xbrldi:explicitMember>
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        <period>
            <instant>2021-12-31</instant>
        </period>
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    <context id="I20221231_MX_TechgenSAMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:MX</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:TechgenSAMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
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    <context id="D20211231_MX_TechgenSAMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:MX</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:TechgenSAMember</xbrldi:explicitMember>
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        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20211231_BR_UsiminasMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:BR</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:UsiminasMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20221231_BR_UsiminasMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:BR</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:UsiminasMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="D20211231_BR_UsiminasMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:BR</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:UsiminasMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_BR_UsiminasMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:BR</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:UsiminasMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="I20211231_LU_TerniumSAMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:LU</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:TerniumSAMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20221231_LU_TerniumSAMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:LU</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:TerniumSAMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="D20211231_LU_TerniumSAMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:LU</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:TerniumSAMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_LU_TerniumSAMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:LU</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInAssociatesAxis">ts:TerniumSAMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
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    <context id="I20201231_CA">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:CA</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
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    <context id="I20201231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20201231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
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                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
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    <context id="I20201231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
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    <context id="D20211231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
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                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
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        <period>
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            <endDate>2021-12-31</endDate>
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    <context id="D20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
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    <context id="D20211231_LandAndCivilBuildingsMember_GrossCarryingAmountMember">
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        </period>
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    <context id="I20201231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember">
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        </period>
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        <period>
            <instant>2020-12-31</instant>
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            <segment>
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            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
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            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20201231_CO">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:CO</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="I20211231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="I20211231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20201231_RO">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:RO</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_LandAndCivilBuildingsMember_GrossCarryingAmountMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfAssetsAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20221231_TubesMember_HydrillAcquisitionMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BusinessCombinationsAxis">ts:HydrillAcquisitionMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SegmentsAxis">ts:TubesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfIntangibleAssetsAndGoodwillAxis">ifrs-full:CustomerrelatedIntangibleAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_CustomerrelatedIntangibleAssetsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfIntangibleAssetsAndGoodwillAxis">ifrs-full:CustomerrelatedIntangibleAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="D20211231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfIntangibleAssetsAndGoodwillAxis">ifrs-full:CustomerrelatedIntangibleAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_GrossCarryingAmountMember_CustomerrelatedIntangibleAssetsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfIntangibleAssetsAndGoodwillAxis">ifrs-full:CustomerrelatedIntangibleAssetsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20201231_BR">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:BR</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20201231_IT">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:IT</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20201231_US">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:US</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfIntangibleAssetsAndGoodwillAxis">ts:LicensesPatentsAndTrademarksMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_AR">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:AR</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20201231_MX">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:MX</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20211231_OtherGeographicalAreasMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:OtherGeographicalAreasMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_JP">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:JP</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_ID">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:ID</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_CA">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:CA</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_LicensesPatentsAndTrademarksMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfIntangibleAssetsAndGoodwillAxis">ts:LicensesPatentsAndTrademarksMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20211231_CO">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:CO</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_GrossCarryingAmountMember_LicensesPatentsAndTrademarksMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfIntangibleAssetsAndGoodwillAxis">ts:LicensesPatentsAndTrademarksMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20211231_RO">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:RO</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_BR">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:BR</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_IT">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:IT</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_US">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:US</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_AR">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:AR</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20211231_MX">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:MX</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="I20221231_OtherGeographicalAreasMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">ts:OtherGeographicalAreasMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_JP">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
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            <instant>2022-12-31</instant>
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            <instant>2022-12-31</instant>
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        <period>
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    <context id="I20211231_GrossCarryingAmountMember_InformationSystemProjectsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfIntangibleAssetsAndGoodwillAxis">ts:InformationSystemProjectsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
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    <context id="I20221231_SparePartsAndEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
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        <period>
            <instant>2022-12-31</instant>
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    <context id="I20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
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        <period>
            <instant>2022-12-31</instant>
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    <context id="I20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
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        <period>
            <instant>2022-12-31</instant>
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    <context id="I20221231_IssuedCapitalMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:IssuedCapitalMember</xbrldi:explicitMember>
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        <period>
            <instant>2022-12-31</instant>
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                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:NoncontrollingInterestsMember</xbrldi:explicitMember>
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        <period>
            <instant>2021-12-31</instant>
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    <context id="I20221231_LandAndCivilBuildingsMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
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        <period>
            <instant>2022-12-31</instant>
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            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:NoncontrollingInterestsMember</xbrldi:explicitMember>
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        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
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    <context id="D20221231_SparePartsAndEquipmentMember_AccumulatedDepreciationAmortisationAndImpairmentMember">
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                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
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        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
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    <context id="I20211231_EquityAttributableToOwnersOfParentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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            <instant>2021-12-31</instant>
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            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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    <context id="D20221231_VehiclesFurnitureAndFixturesMember_AccumulatedDepreciationAmortisationAndImpairmentMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
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        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
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        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:OtherReservesMember</xbrldi:explicitMember>
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        <period>
            <instant>2021-12-31</instant>
        </period>
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    <context id="I20221231_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:VE</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TaltatradingEMarketingSociedadeUnipessoalLdaMember</xbrldi:explicitMember>
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        <period>
            <instant>2022-12-31</instant>
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        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
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            <endDate>2022-12-31</endDate>
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            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:OtherReservesMember</xbrldi:explicitMember>
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            <startDate>2021-01-01</startDate>
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    <context id="I20210824_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_FederalCourtInDistrictOfColumbiaMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="srt:LitigationCaseAxis">ts:FederalCourtInDistrictOfColumbiaMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">ts:TavsaAndComsiguaMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:VE</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TaltatradingEMarketingSociedadeUnipessoalLdaMember</xbrldi:explicitMember>
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        <period>
            <instant>2021-08-24</instant>
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                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:VE</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TaltatradingEMarketingSociedadeUnipessoalLdaMember</xbrldi:explicitMember>
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        <period>
            <instant>2021-11-05</instant>
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                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
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        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember</xbrldi:explicitMember>
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                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TaltatradingEMarketingSociedadeUnipessoalLdaMember</xbrldi:explicitMember>
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        <period>
            <instant>2022-12-31</instant>
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    <context id="I20221231_SparePartsAndEquipmentMember_GrossCarryingAmountMember">
        <entity>
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            <segment>
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                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
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            <instant>2022-12-31</instant>
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        <entity>
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            <segment>
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            <instant>2020-07-17</instant>
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        <period>
            <instant>2022-12-31</instant>
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    <context id="I20221231_OtherCguMember_TubesMember_OtherBusinessCombinationsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BusinessCombinationsAxis">ts:OtherBusinessCombinationsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis">ts:OtherCguMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SegmentsAxis">ts:TubesMember</xbrldi:explicitMember>
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            <instant>2022-12-31</instant>
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            <endDate>2021-12-31</endDate>
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    <context id="I20211231_SharePremiumMember">
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            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:SharePremiumMember</xbrldi:explicitMember>
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        <period>
            <instant>2021-12-31</instant>
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        <period>
            <instant>2021-12-31</instant>
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        <entity>
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        <period>
            <instant>2022-12-31</instant>
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        <period>
            <instant>2022-12-31</instant>
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            <instant>2020-12-31</instant>
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    <context id="I20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember_1">
        <entity>
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            <segment>
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            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
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        <entity>
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            <segment>
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        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
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    <context id="D20201231_NoncontrollingInterestsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:NoncontrollingInterestsMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_VehiclesFurnitureAndFixturesMember_GrossCarryingAmountMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_IndustrialBuildingsPlantAndProductionEquipmentMember_GrossCarryingAmountMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_EquityAttributableToOwnersOfParentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:EquityAttributableToOwnersOfParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="D20201231_EquityAttributableToOwnersOfParentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:EquityAttributableToOwnersOfParentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="D20221231_LandAndCivilBuildingsMember_GrossCarryingAmountMember_1">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:LandAndCivilBuildingsMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2022-01-01</startDate>
            <endDate>2022-12-31</endDate>
        </period>
    </context>
    <context id="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_SparePartsAndEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20211231_GrossCarryingAmountMember_SparePartsAndEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_GrossCarryingAmountMember_SparePartsAndEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20221231_HydrilMember_TubesMember_OtherBusinessCombinationsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BusinessCombinationsAxis">ts:OtherBusinessCombinationsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis">ts:HydrilMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SegmentsAxis">ts:TubesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_SidercaHydrilAndOtherMember_TubesMember_OtherBusinessCombinationsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BusinessCombinationsAxis">ts:OtherBusinessCombinationsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis">ts:SidercaHydrilAndOtherMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SegmentsAxis">ts:TubesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20221231_TamsaHydrilAndOtherMember_TubesMember_OtherBusinessCombinationsMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:BusinessCombinationsAxis">ts:OtherBusinessCombinationsMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis">ts:TamsaHydrilAndOtherMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SegmentsAxis">ts:TubesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2022-12-31</instant>
        </period>
    </context>
    <context id="I20201231_GrossCarryingAmountMember_SparePartsAndEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:SparePartsAndEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20161212_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:LitigationCaseAxis">ts:InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">ts:TavsaAndComsiguaMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:VE</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TaltatradingEMarketingSociedadeUnipessoalLdaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2016-12-12</instant>
        </period>
    </context>
    <context id="D20161212_TavsaAndComsiguaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:LitigationCaseAxis">ts:InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">ts:TavsaAndComsiguaMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:VE</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TaltatradingEMarketingSociedadeUnipessoalLdaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2016-12-12</startDate>
            <endDate>2016-12-12</endDate>
        </period>
    </context>
    <context id="I20160129_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:LitigationCaseAxis">ts:InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">ts:MatesiMaterialesSiderrgicosSaMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:VE</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TaltatradingEMarketingSociedadeUnipessoalLdaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2016-01-29</instant>
        </period>
    </context>
    <context id="D20160129_MatesiMaterialesSiderrgicosSaMember_TaltatradingEMarketingSociedadeUnipessoalLdaMember_VE_InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="srt:LitigationCaseAxis">ts:InternationalCentreForSettlementOfInvestmentDisputesInWashingtonDCMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="dei:LegalEntityAxis">ts:MatesiMaterialesSiderrgicosSaMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:GeographicalAreasAxis">country:VE</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:SignificantInvestmentsInSubsidiariesAxis">ts:TaltatradingEMarketingSociedadeUnipessoalLdaMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2016-01-29</startDate>
            <endDate>2016-01-29</endDate>
        </period>
    </context>
    <context id="I20201231_OtherReservesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:OtherReservesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="D20201231_OtherReservesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:OtherReservesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_ReserveOfExchangeDifferencesOnTranslationMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="D20201231_ReserveOfExchangeDifferencesOnTranslationMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2020-01-01</startDate>
            <endDate>2020-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_SharePremiumMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:ComponentsOfEquityAxis">ifrs-full:SharePremiumMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember">
        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
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    <context id="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_VehiclesFurnitureAndFixturesMember">
        <entity>
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                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
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        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20211231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember">
        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
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            <instant>2021-12-31</instant>
        </period>
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    <context id="D20211231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember">
        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
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        </period>
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    <context id="I20201231_GrossCarryingAmountMember_VehiclesFurnitureAndFixturesMember">
        <entity>
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            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:VehiclesFurnitureAndFixturesMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember">
        <entity>
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                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
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                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
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        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
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    </context>
    <context id="I20201231_AccumulatedDepreciationAmortisationAndImpairmentMember_IndustrialBuildingsPlantAndProductionEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:AccumulatedDepreciationAmortisationAndImpairmentMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2020-12-31</instant>
        </period>
    </context>
    <context id="I20211231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <instant>2021-12-31</instant>
        </period>
    </context>
    <context id="D20211231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001190723</identifier>
            <segment>
                <xbrldi:explicitMember dimension="ifrs-full:CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis">ifrs-full:GrossCarryingAmountMember</xbrldi:explicitMember>
                <xbrldi:explicitMember dimension="ifrs-full:ClassesOfPropertyPlantAndEquipmentAxis">ts:IndustrialBuildingsPlantAndProductionEquipmentMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2021-01-01</startDate>
            <endDate>2021-12-31</endDate>
        </period>
    </context>
    <context id="I20201231_GrossCarryingAmountMember_IndustrialBuildingsPlantAndProductionEquipmentMember">
        <entity>
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    <ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory contextRef="D20221231_3" id="Tag3123">&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: &amp;quot;times new roman&amp;quot;, times; line-height: inherit; color: rgb(204, 0, 102);"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;I.&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;GENERAL INFORMATION&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris S.A. (the &#x201c;Company&#x201d;) was established as a public limited liability company (&lt;span style="font-style: italic; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;oci&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;&#xe9;&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;t&#xe9; &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;a&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;nonyme&lt;/span&gt;) under the laws of the Grand-Duchy of Luxembourg on December 17, 2001. The Company holds, either directly or indirectly, controlling interests in various subsidiaries in the steel pipe manufacturing and distribution businesses. References in these Consolidated Financial Statements to &#x201c;Tenaris&#x201d; refer to the Company and its consolidated subsidiaries. A list of the principal Company&#x2019;s subsidiaries is included in note 32 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company&#x2019;s shares trade on the Italian Stock Exchange and the Mexican Stock Exchange; and the Company&#x2019;s American Depositary Securities (&#x201c;ADS&#x201d;) trade on the New York Stock Exchange.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;These Consolidated Financial Statements were approved for issuance by the Company&#x2019;s Board of Directors on February 15, 2023.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory>
    <ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory contextRef="D20221231_3" id="Tag2643">&lt;p style="line-height: 1.2; text-align: justify; text-indent: 0px; margin: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #cc0066;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;II&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;. &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;A&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;CCOUNTING POLICIES&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; text-align: justify; text-indent: 0px; margin: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The principal accounting policies applied in the preparation of these Consolidated Financial Statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;A&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Basis of presentation&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Consolidated Financial Statements of Tenaris have been prepared in accordance with International Financial Reporting Standards (&#x201c;IFRS&#x201d;), as issued by the International Accounting Standards Board (&#x201c;IASB&#x201d;) and in accordance with IFRS as adopted by the European Union, under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities (including derivative instruments) and plan assets at fair value. The Consolidated Financial Statements are, unless otherwise noted, presented in thousands of U.S. dollars (&#x201c;$&#x201d;).&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Whenever necessary, certain comparative amounts have been reclassified to conform to changes in presentation in the current year. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The preparation of Consolidated Financial Statements in conformity with IFRS requires management to make certain accounting estimates and assumptions that might affect among others, the reported amounts of assets, liabilities, contingent liabilities, revenues and expenses. Actual results may differ from these estimates. The main areas involving significant estimates or judgements are: impairment of goodwill and long-lived assets (notes II.H), impairment in investments in associates (note II.B); income taxes (note II.O); obsolescence of inventory (note II.J); contingencies (note II.Q); allowance for trade receivables (note II.K); post-employment and other long-term benefits (note II.P); business combinations (notes II.B); useful lives of property, plant and equipment and other long-lived assets (notes II.E, II.F, II.H); fair value estimation of certain financial instruments (notes III.B, IV.34) and property title ownership restriction (note IV.27). During the year there were no material changes in the significant accounting estimates and judgements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 57px;"&gt;Accounting pronouncements applicable as from J&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;anuary 1, 20&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Accounting pronouncements that became effective during 2022 have no material effect on the Company&#x2019;s financial condition or results of operations. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 57px;"&gt;New ac&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;counting pronouncements &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;not &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;applicable as &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;of December 3&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;1, 202&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;Certain&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;new&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;ly published&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; accounting standards, amendments to accounting standards and interpretations are not mandatory for December 31, 202&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; reporting periods and have not been early adopted by the Company. These standards, amendments or interpretations are not expected to have a material impact in the current or future reporting periods and on foreseeable future transactions&lt;/span&gt;.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;B&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Group accounting&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 51px;"&gt;Subsidiaries and transactions with non-controlling interests&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Subsidiaries are all entities over which Tenaris has control. Tenaris controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is exercised by the Company and are no longer consolidated from the date control ceases. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The acquisition method of accounting is used to account for the acquisition of subsidiaries by Tenaris. The cost of an acquisition is measured as the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of exchange. Acquisition-related costs are expensed as incurred. Identifiable assets acquired, liabilities and contingent liabilities assumed in a business combination are generally measured initially at their fair values at the acquisition date. Any non-controlling interest in the acquiree is measured either at fair value or at the non-controlling interest&#x2019;s proportionate share of the acquiree&#x2019;s net identifiable assets. The excess of the aggregate of the consideration transferred and the amount of any non-controlling interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Contingent consideration is classified either as equity or as a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;If the business combination is achieved in stages, the acquisition date carrying value of the acquirer&#x2019;s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Transactions with non-controlling interests that do not result in a loss of control are accounted as transactions with equity owners of the Company. For purchases from non-controlling interests, the difference between any consideration paid and the relevant share acquired of the carrying value of net assets of the subsidiary is recorded in equity. Gains or losses on disposals to non-controlling interests are also recorded in equity.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;When the Company ceases to have control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognized in profit or loss. The fair value is the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Material intercompany transactions, balances and unrealized gains (losses) on transactions between Tenaris subsidiaries have been eliminated in consolidation. However, since the functional currency of some subsidiaries is its respective local currency, some financial gains (losses) arising from intercompany transactions are generated. These are included in the Consolidated Income Statement under &lt;span style="font-style: italic; line-height: inherit;"&gt;Other f&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;inancial results&lt;/span&gt;. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 47px;"&gt;Non-consolidated companies&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Non-consolidated companies are all entities in which Tenaris has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. Investments in non-consolidated companies (associates and joint ventures) are accounted for by the equity method of accounting and are initially recognized at cost (as defined by IAS 28, &#x201c;Investments in Associates and Joint Ventures&#x201d;). The Company&#x2019;s investment in non-consolidated companies includes goodwill identified in acquisition, net of any accumulated impairment loss.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize Tenaris&#x2019;s share of the post-acquisition profits or losses of the investee in profit or loss, and Tenaris&#x2019;s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognized as a reduction in the carrying amount of the investment.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;If material, unrealized results on transactions between Tenaris and its non-consolidated companies are eliminated to the extent of Tenaris&#x2019;s interest in the non-consolidated companies. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment indicator of the asset transferred. Financial statements of non-consolidated companies &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;are&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt; adjusted where necessary to ensure consistency with IFRS.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;The Company&#x2019;s pro-rata share of earnings in non-consolidated companies is recorded in the Consolidated Income Statement under &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Equity in earnings&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;of non-consolidated companies&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;. The Company&#x2019;s pro-rata share of changes in other comprehensive income is recognized in the Consolidated Statement of Comprehensive Income.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; break-after: avoid; break-inside: avoid; text-indent: -18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;a)&#160;&#160;&#160;&#160;&#160;&#160; Ternium&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;At December 31, 2022, Tenaris held 11.46% of Ternium S.A. (&#x201c;Ternium&#x201d;) common stock. The following factors and circumstances evidence that Tenaris has significant influence over Ternium:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Both the Company and Ternium are under the indirect common control of San Faustin S.A. (&#x201c;San Faustin&#x201d;);&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Four out of nine members of Ternium&#x2019;s Board of Directors (including Ternium&#x2019;s Chairman) are also members of the Company&#x2019;s Board of Directors;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Under the shareholders&#x2019; agreement by and between the Company and Techint Holdings S.&#xe0;r.l, a wholly owned subsidiary of San Faustin&#160;and Ternium&#x2019;s main shareholder, dated January 9, 2006,&#160;Techint Holdings S.&#xe0;r.l, is required to take actions within its power to cause (a) one of the members of Ternium&#x2019;s Board of Directors to be nominated by the Company and (b) any director nominated by the Company to be removed from Ternium&#x2019;s Board of Directors only pursuant to previous written instructions of the Company.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;b)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Usiminas&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;At December 31, 2022, Tenaris held, through its Brazilian subsidiary Confab Industrial S.A. (&#x201c;Confab&#x201d;), 36.5 million ordinary shares and 1.3 million preferred shares of Usinas Sider&#xfa;rgicas de Minas Gerais S.A. - Usiminas (&#x201c;Usiminas&#x201d;), representing 5.19% of its shares with voting rights and 3.07% of its total share capital. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Confab&#x2019;s acquisition of the Usiminas shares was part of a larger transaction performed on January 16, 2012, pursuant to which Tenaris&#x2019;s affiliate Ternium (through certain of its subsidiaries) and Confab acquired a large block of Usiminas ordinary shares and joined Usiminas&#x2019; existing control group. Subsequently, in 2016, Ternium and Confab subscribed to additional ordinary shares and to preferred shares.&#160;&#160; &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;At December 31, 2022, the Usiminas control group held, in the aggregate, 483.6 million ordinary shares bound to the Usiminas shareholders&#x2019; agreement, representing approximately 68.6% of Usiminas&#x2019; voting capital. The Usiminas control group, which is bound by a long-term shareholders&#x2019; agreement that governs the rights and obligations of Usiminas&#x2019; control group members, is currently composed of three sub-groups: the T/T Group, comprising Confab and certain Ternium entities; the NSC Group, comprising Nippon Steel Corporation (&#x201c;NSC&#x201d;), Metal One Corporation and Mitsubishi Corporation; and Usiminas&#x2019; pension fund Previd&#xea;ncia Usiminas. The T/T Group holds approximately 47.1% of the total shares held by the control group (39.5% corresponding to the Ternium entities and the other 7.6% corresponding to Confab); the NSC Group holds approximately 45.9% of the total shares held by the control group; and Previd&#xea;ncia Usiminas holds the remaining 7%.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The corporate governance rules reflected in the Usiminas shareholders agreement include, among others, an alternation mechanism for the nomination of each of the Chief Executive Officer (&#x201c;CEO&#x201d;) and the Chairman of the Board of Directors of Usiminas, as well as a mechanism for the nomination of other members of Usiminas&#x2019; executive board. The Usiminas shareholders agreement also provides for an exit mechanism consisting of a buy-and-sell procedure (exercisable at any time after November 16, 2022, and applicable with respect to shares held by NSC and the T/T Group), which would allow either Ternium or NSC to purchase all or a majority of the Usiminas shares held by the other shareholder.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Confab and the Ternium entities party to the Usiminas shareholders agreement have a separate shareholders agreement governing their respective rights and obligations as members of the T/T Group. Such separate agreement includes, among others, provisions granting Confab certain rights relating to the T/T Group&#x2019;s nomination of Usiminas&#x2019; officers and directors under the Usiminas shareholders agreement. Those circumstances evidence that Tenaris has significant influence over Usiminas.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;c)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Techgen&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Techgen S.A. de C.V. (&#x201c;Techgen&#x201d;), which operates an electric power plant in Mexico, is a joint venture company owned 48% by Ternium, 30% by Tecpetrol International S.A. (&#x201c;Tecpetrol&#x201d;) and 22% by Tenaris. The Company, Ternium and Tecpetrol are parties to a shareholders&#x2019; agreement relating to the governance of Techgen and are under the indirect common control of San Faustin. Based on the facts stated above, the Company has determined that it has significant influence over this entity.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;d)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Global Pipe Company&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Global Pipe Company (&#x201c;GPC&#x201d;) is a Saudi-German joint venture, established in 2010 and located in Jubail, Saudi Arabia, which manufactures LSAW pipes. Tenaris, through its subsidiary Saudi Steel Pipe Company (&#x201c;SSPC&#x201d;), currently owns 35% of the share capital of GPC. In accordance with GPC&#x2019;s bylaws, SSPC&#x2019;s 35% equity interest entitles SSPC to appoint four of the eleven members of the Board of Directors of GPC. In addition, SSPC has the ability to block any shareholder resolution. Based on the facts stated above, the Company has determined that it has significant influence over this entity.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris carries its investments in non-consolidated companies under the equity method, with no additional goodwill or intangible assets recognized. Tenaris reviews investments in non-consolidated companies for impairment whenever events or changes in circumstances indicate that the asset&#x2019;s carrying amount may not be recoverable. For more information see note 13 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;C&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Segment information&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The Company is organized in one major business segment, Tubes, which is also the reportable operating segment. All other business activities and operating segments that are not required to be separately reported, are disclosed in the Other segment.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods (&#x201c;OCTG&#x201d;) used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. Business activities included in this segment are mainly dependent on the oil and gas industry worldwide, as this industry is a major consumer of steel pipe products, particularly OCTG used in drilling activities. Demand for steel pipe products from the oil and gas industry has historically been volatile and depends primarily upon the number of oil and natural gas wells being drilled, completed and reworked, and the depth and drilling conditions of these wells. Sales are generally made to end users, with exports being done through a centrally managed global distribution network and domestic sales are made through local subsidiaries.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"&gt;The Other segment includes all business activities related to&#160;&lt;/span&gt;the production and selling of sucker rods, industrial equipment, coiled tubing, tubes used for plumbing applications, oilfield / hydraulic fracturing services, energy and raw materials that exceed internal requirements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris&#x2019;s Chief Operating Decision Maker (&#x201c;CODM&#x201d;) holds monthly meetings with senior management, in which operating and financial performance information is reviewed. This information differs from IFRS principally as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The use of direct cost methodology to calculate the inventories, while under IFRS it is at full cost, including absorption of production overheads and depreciations;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The use of costs based on previously internally defined cost estimates, while, under IFRS, costs are calculated at historical cost, mainly on a FIFO basis;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Any currency translation adjustment reclassification, when applicable, for companies that under IFRS had a different functional currency than the U.S. dollar;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Other timing differences, if any.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris presents its geographical information in five areas: North America, South America, Europe, Middle East and Africa and Asia Pacific. For purposes of reporting geographical information, net sales are allocated to geographical areas based on the customer&#x2019;s location; allocation of assets, capital expenditures and associated depreciations and amortizations are based on the geographical location of the assets.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;D&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Foreign &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;c&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;urrency &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;t&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;ranslation&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.45pt; break-after: avoid; break-inside: avoid; text-indent: -35.45pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;"&gt;Functional&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt; and presentation&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt; currency&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 54pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;IAS 21 (revised), &#x201c;The effects of changes in foreign exchange rates&#x201d; defines the functional currency as the currency of the primary economic environment in which an entity operates.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The functional and presentation currency of the Company is the U.S. dollar. The U.S. dollar is the currency that best reflects the economic substance of the underlying events and circumstances relevant to Tenaris&#x2019;s global operations. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Starting January 1, 2023, the Company changed the functional currency of its Brazilian subsidiaries, from the Brazilian Real to the U.S. dollar.&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;This decision is a result of a significant increase of its Brazilian Subsidiaries&#x2019; participation in the OCTG and line pipe international markets, a trend which started in recent years and has been strengthened in 2022, an increased level of integration of the local operations within Tenaris&#x2019;s international commercial and supply chain system, as well as the fact that the main purchase agreement contracts and the long term sales agreement contracts with major international and local oil companies are both indexed to the U.S. dollar. Local steel prices are also being affected by the U.S. dollar / Brazilian Real fluctuations.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As a result of this change, except for the Italian subsidiaries whose functional currency is the Euro, Tenaris determined that the functional currency of its other subsidiaries is the U.S. dollar, based on the following principal considerations:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Sales are mainly negotiated, denominated and settled in U.S. dollars. If priced in a currency other than the U.S. dollar, the sales price may consider exposure to fluctuation in the exchange rate against the U.S. dollar;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Prices of their critical raw materials and inputs are priced and / or settled in U.S. dollars; &lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Transaction and operational environment and the cash flow of these operations have the U.S. dollar as reference currency; &lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Significant level of integration of the local operations within Tenaris&#x2019;s international global distribution network;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Net financial assets and liabilities are mainly received and maintained in U.S. dollars;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The exchange rate of certain legal currencies has long-been affected by recurring and severe economic crises.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Transactions in currencies other than the functional currency&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;Transactions in currencies other than the functional currency are translated into the functional currency using the exchange rates prevailing at the date of the transactions or valuati&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;on where items are re-measured.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;At the end of each reporting period: (i) monetary items denominated in currencies other than the functional currency are translated using the closing rates; (ii) non-monetary items that are measured in terms of historical cost in a currency other than the functional currency are translated using the exchange rates prevailing at the date of the transactions; and (iii) non-monetary items that are measured at fair value in a currency other than the functional currency are translated using the exchange rates prevailing at the date when&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; the fair value was determined.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in currencies other than the functional currency are recorded as gains and losses from foreign exchange and included in &lt;/span&gt;&lt;span style="font-style: italic; font-weight: normal; line-height: inherit;"&gt;Other financial results&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; in the Consolidated Income Statement, except when deferred in equity as qualifying cash flow hedges and qu&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;alifying net investment hedges.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(3)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Translation of financial information in currencies other than the functional currency&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Results of operations for subsidiaries whose functional currencies are not the U.S. dollar are translated into U.S. dollars at the average exchange rates for each quarter of the year. Financial statement positions are translated at the year-end exchange rates. Translation differences are recognized in a separate component of equity as currency translation adjustments. In the case of a sale or other disposal of any of such subsidiaries, any accumulated translation difference would be recognized in the Consolidated Income Statement as a gain or loss from the sale following IAS 21.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Goodwill and fair value adjustments arising from the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;E&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Property, plant and equipment&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Property, plant and equipment are recognized at historical acquisition or construction cost less accumulated depreciation and impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Property, plant and equipment acquired through acquisitions accounted for as business combinations have been valued initially at the fair market value of the assets acquired.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Major overhaul and rebuilding expenditures are capitalized as property, plant and equipment only when it is probable that future economic benefits associated with the item will flow to the Company and the investment enhances the condition of assets beyond its original condition. The carrying amount of the replaced part is derecognized. Maintenance expenses on manufacturing properties are recorded as cost of products sold in the year in which they are incurred.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Cost may also include transfers from equity of any gains or losses on qualifying cash flow hedges of foreign currency purchases of property, plant and equipment. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Borrowing costs that are attributable to the acquisition or construction of certain capital assets are capitalized as part of the cost of the asset, in accordance with IAS 23 (revised), &#x201c;Borrowing Costs&#x201d;. Assets for which borrowing costs are capitalized are those that require a substantial period of time to prepare for their intended use.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The depreciation method is reviewed at each year end. Depreciation is calculated using the straight-line method to depreciate the cost of each asset to its residual value over its estimated useful life, as follows: &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 64px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 16px; background-color: #ffffff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; Land &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; No Depreciation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Buildings and improvements&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;30-50 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px; background-color: #ffffff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Plant and production equipment&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;10-40 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; Vehicles, furniture and fixtures, and other equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 1.4pt; text-indent: -1.4pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;4-10 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The assets&#x2019; residual values and useful lives of significant plant and production equipment are reviewed and adjusted, if appropriate, at each year-end date. An asset&#x2019;s carrying amount is written down immediately to its recoverable amount if the asset&#x2019;s carrying amount is greater than its estimated recoverable amount.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Management&#x2019;s re-estimation of assets useful lives, performed in accordance with IAS 16, &#x201c;Property, Plant and Equipment&#x201d;, resulted in additional depreciation expenses of approximately $39 million for 2022, of $45 million for 2020 and did not materially affect depreciation expenses for 2021.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris depreciates each significant part of an item of property, plant and equipment for its different production facilities that (i) can be properly identified as an independent component with a cost that is significant in relation to the total cost of the item, and (ii) has a useful operating life that is different from another significant part of that same item of property, plant and equipment.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Gains and losses on disposals are determined by comparing the proceeds with the carrying amount of assets and are recognized under &lt;span style="font-style: italic; line-height: inherit;"&gt;Other operating income &lt;/span&gt;or &lt;span style="font-style: italic; line-height: inherit;"&gt;Other operating expenses&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;F&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Intangible assets&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Goodwill &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;Goodwill represents the excess of the acquisition cost &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;over the fair value of &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;Tenaris&#x2019;s&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt; share of net identifiable assets acquired as part of business combinations determined mainly by independent valuations. Goodwill is tested &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;at least &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Goodwill is included &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;in&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt; the Consolidated Statement of Financial Position under &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Intangible assets, net.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;For the purpose of impairment testing, g&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;oodwill is allocated to a &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;cash generating unit (&#x201c;&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;CGU&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#x201d;)&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; or group of &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;CGUs&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; that&#160;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;are expected to benefit from the business combination which generated the goodwill being tested. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Information systems projects&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Costs associated with maintaining computer software programs are generally recognized as an expense as incurred. However, costs directly related to the development, acquisition and implementation of information systems are recognized as intangible assets if it is probable that they have economic benefits exceeding one year and comply with the recognition criteria of IAS 38, &#x201c;Intangible Assets&#x201d;.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Information systems projects recognized as assets are amortized using the straight-line method over their useful lives, generally not exceeding a period of 3 years. Amortization charges are mainly classified as &lt;span style="font-style: italic; line-height: inherit;"&gt;Selling, general and administrative expenses&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Management&#x2019;s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022 and 2021 and resulted in additional amortization expenses of $11.1 million for 2020.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(3)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Licenses, patents, trademarks and proprietary technology &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Licenses, patents, trademarks, and proprietary technology acquired in a business combination are initially recognized at fair value at the acquisition date. Licenses, patents, proprietary technology and those trademarks that have a finite useful life are carried at cost less accumulated amortization. Amortization is calculated using the straight-line method to allocate the cost over their estimated useful lives, which are in the range between 3 and 10 years. Amortization charges are mainly classified as &lt;span style="font-style: italic; line-height: inherit;"&gt;Cost of Sales&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The balance of acquired trademarks that have indefinite useful lives according to external appraisal amounts to $86.7 million at December 31, 2022, 2021 and 2020, and are included in Hydril CGU. Main factors considered in the determination of the indefinite useful lives include the years that they have been in service and their recognition among customers in the industry.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Management&#x2019;s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022, 2021 and 2020.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(4)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Research and development&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Research expenditures as well as &lt;/span&gt;development costs that do not fulfill the criteria for capitalization are recorded as &lt;span style="font-style: italic; line-height: inherit;"&gt;Cost of sales&lt;/span&gt; in the Consolidated Income Statement as incurred. Research and development expenditures included in &lt;span style="font-style: italic; line-height: inherit;"&gt;Cost of sales&lt;/span&gt; for the years 2022, 2021 and 2020 totaled $50.7 million, $45.3 million and $41.8 million, respectively. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Capitalized costs were not material for the years 2022, 2021 and 2020.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"&gt;(5)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit; margin-left: 48px;"&gt;Customer relationship&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0.85pt 0pt 13.9pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;In accordance with IFRS 3, "Business Combinations" and IAS 38, Tenaris has recognized the value of customer relationships separately from goodwill attributable to the acquisition of Maverick&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; Tube Corporation (&#x201c;Maverick&#x201d;)&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; and Hydril&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; Company (&#x201c;Hydril&#x201d;)&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; groups, as well as the more recent acquisi&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;tion&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; of &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;SSPC and Ipsco Tubulars Inc. (&#x201c;IPSCO&#x201d;)&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Customer relationships acquired in a business combination are recognized at fair value at the acquisition date, have a finite useful life and are carried at cost less accumulated amortization. Amortization is calculated using the straight line method over the initial expected useful li&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;v&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;e&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;which were &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;approximately 14 years for Maverick, 10 y&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ears for Hydril&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;,&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;9 years for &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;SSP&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;C and &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;3&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; year&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; for IPSCO&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2022&lt;/span&gt;,&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; the Company has reviewed the useful life of SSPC&#x2019;s customer relationships and decided to reduce &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;it&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; from 5 years to 3 years, consequently a higher amortization charge of approximately $4.1 million was recorded in the Consolidated Income Statement under &lt;/span&gt;&lt;span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;Selling, general and administrative expenses&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; for the year ended December 31, 2022.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Management&#x2019;s re-estimation of assets useful lives, performed in accordance with IAS 38, did not affect amortization expenses for 2021 and 2020.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;As o&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;f December 31, 20&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; the net book&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; value &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;of&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;SSP&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;C&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;&#x2019;s customer relationship amounts &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;to $&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;41.5&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; million&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;, with a residual useful life of &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;3&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; years&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;, w&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;hile &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;IPSCO&#x2019;s, &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Maverick&#x2019;s &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;and&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; Hydril&#x2019;s customer relationships &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;are&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; fully amortized.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;G&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Right-of-use assets and lease liabilities&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Leases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the group. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is depreciated over the lease term on a straight-line basis.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Lease liabilities include the net present value of i) fixed payments, less any lease incentives receivable, ii) variable lease payments that are based on an index or a rate, iii) amounts expected to be payable by the lessee under residual value guarantees, iv) the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and v) payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee&#x2019;s incremental borrowing rate is used, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Right-of-use assets are measured at cost comprising the amount of the initial measurement of lease liability, any lease payments made at or before the commencement date less any lease incentives received and any initial direct costs incurred by the lessee.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.05pt; text-indent: -28.05pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option or early termination, or not to exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated).&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Payments associated with short-term leases, variable leases and leases of low value assets are recognized on a straight-line basis as expenses in profit or loss. Short-term leases are leases with a lease term of 12 months or less.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;H&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Impairment of non-financial assets&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Long-lived assets including identifiable intangible assets are reviewed for impairment at the lowest level for which there are separately identifiable cash flows (CGU). Most of the Company&#x2019;s principal subsidiaries that constitute a CGU have a single main production facility and, accordingly, each of such subsidiaries represents the lowest level of asset aggregation that generates largely independent cash inflows.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Assets that are subject to amortization or depreciation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Intangible assets with indefinite useful lives, including goodwill, are subject to at least an annual impairment test, or are tested more frequently if events or circumstances indicate that the carrying amount value may be impaired. In some circumstances where there have not been significant changes to CGU assets and liabilities as well as external and internal events which could materially alter the recoverable amount of the CGU, the most recent detailed calculation of recoverable amount made in a preceding period may be used in the impairment test for that CGU in the current period. &lt;/span&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;In assessing whether there is any indication that a CGU may be impaired, external and internal sources of information are analyzed. Material facts and circumstances specifically considered in the analysis usually include the discount rate used in Tenaris&#x2019;s cash flow projections and the business condition in terms of competitive, economic and regulatory factors, such as the cost of raw materials, oil and gas prices, and the evolution of the rig count.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;An impairment loss is recognized for the amount by which the asset&#x2019;s carrying amount exceeds its recoverable amount. The recoverable amount is the higher between the asset&#x2019;s value in use and fair value less costs of disposal. Any impairment loss is allocated to reduce the carrying amount of the assets of the CGU in the following order:&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-indent: -14.15pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;(a) first, to reduce the carrying amount of any goodwill allocated to the CGU; and&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-indent: -14.15pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;(b) then, to the other assets of the unit (group of units) pro-rata on the basis of the carrying amount of each asset in the unit (group of units), considering not to reduce the carrying amount of the asset below the highest of its fair value less cost of disposal, its value in use or zero.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Value in use is calculated by discounting the estimated cash flows over a &lt;span style="-sec-ix-hidden:Tag3207"&gt;five year&lt;/span&gt; period (or higher if the period can be justified) based on forecasts approved by management. For the subsequent years beyond the &lt;span style="-sec-ix-hidden:Tag3208"&gt;five-year&lt;/span&gt;&#160;period, a terminal value is calculated based on perpetuity considering a nominal growth rate of 2% taking into account among others, mainly the historical inflation rate.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;For purposes of calculating the fair value less costs of disposal, Tenaris uses the estimated value of future cash flows that a market participant could generate from the corresponding CGU.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Management judgment is required to estimate discounted future cash flows. Actual cash flows and values could vary significantly from the forecasted future cash flows and related values derived using discounting techniques.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal at each reporting date. For more information on impairment charges see note 5 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;I&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Other &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;i&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;nvestments&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Other investments consist primarily of investments in financial instruments and time deposits with a maturity of more than three months at the date of purchase.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Certain non-derivative financial assets that the Company held not for trading have been categorized as financial assets at fair value through other comprehensive income (&#x201c;FVOCI&#x201d;), as the business model objective is achieved by both holding financial assets in order to collect contractual cash flows and selling financial assets. They are carried at fair value and interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the Consolidated Statement of Comprehensive Income and transferred to the Consolidated Income Statement when the financial asset is sold. Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income Statement. FVOCI instruments with maturities greater than 12 months after the balance sheet date are included in non-current assets.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Other investments in financial instruments and time deposits are categorized as financial assets at fair value through profit or loss (&#x201c;FVPL&#x201d;) because such investments are held for trading and their performance is evaluated on a fair value basis. The results of these investments are recognized in &lt;span style="font-style: italic; line-height: inherit;"&gt;Financial Results&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Purchases and sales of financial investments are recognized as of their settlement date.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;The fair values of quoted investments are &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;generally &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;based on current bid prices. If the market for a financial investment is not active or the securities are not listed, Tenaris estimates the fair value by using standard valuation techniques&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;. S&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ee s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ectio&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;n III Financial Risk Management&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;J&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Inventories&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Inventories are stated at the lower between cost and net realizable value. The cost of finished goods and goods in process is comprised of raw materials, direct labor, utilities, freights and other direct costs and related production overhead costs, and it excludes borrowing costs. The allocation of fixed production costs, including depreciation and amortization charges, is based on the normal level of production capacity. Inventories cost is mainly based on the FIFO method. Tenaris estimates net realizable value of inventories by grouping, where applicable, similar or related items. Net realizable value is the estimated selling price in the ordinary course of business, less any estimated costs of completion and selling expenses. Goods in transit as of year-end are valued based on the supplier&#x2019;s invoice cost.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Tenaris establishes an allowance for obsolete or slow-moving inventories related to finished goods, goods in process, supplies and spare parts. For slow moving or obsolete finished products, an allowance is established based on management&#x2019;s analysis of product aging. An allowance for obsolete and slow-moving inventory of supplies and spare parts is established based on management's analysis of such items to be used as intended and the consideration of potential obsolescence due to technological changes, aging and consumption patterns.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;K&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Trade &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;and other &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;receivables&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Trade and other receivables are recognized initially at&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; fair value that corresponds to&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; the amount of consideration that is unconditional unless they contain significant financing c&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;omponents. The Company holds&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; trade receivables with the objective to collect the contractual cash flows and therefore measu&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;res them subsequently at amortiz&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ed cost using the effective interest method. &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Due to the short-term nature, their carrying amount is considered to be the same as their fair value&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Tenaris applies the&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; IFRS 9&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; &#x201c;Financial Instruments&#x201d;&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;simplified approach to measure&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; expected credit losses&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;,&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of sales over a period of &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;three&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;years&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; and the corresponding historical credit losses exp&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;erienced within this period. The expected loss allowance also&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; reflect&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; current and forward-looking information on macroeconomic factors affecting the ability&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; of&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;each &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;custo&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;mer to settle the receivables.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;L&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Cash and cash equivalents&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Cash and cash equi&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;valents are comprised of cash at&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; banks, liquidity funds and short-term investments with a maturity of less than three months at the date of purchase which are readily convertible to known amounts of cash. Assets recorded in cash and cash equivalents are carried at fair market value or at historical cost which &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;approximates fair market value.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;In the Consolidated Statement of Financial Position, bank overdrafts are included in &lt;/span&gt;&lt;span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;Borrowings&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; in current liabilities.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;For the purposes of the &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Consolidated Statement of C&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ash &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;F&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;low&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;, &lt;/span&gt;&lt;span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;C&lt;/span&gt;&lt;span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;ash and cash equivalents&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; includes &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;overdrafts&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;M&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;E&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;quity&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;"&gt;Equity&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt; components&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Consolidated Statement of Changes in Equity includes:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; font-size: 10pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The value of share capital, legal reserve, share premium and other distributable reserves calculated in accordance with Luxembourg law;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; margin: 0pt; padding-left: 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; font-style: normal; line-height: inherit;"&gt;The currenc&lt;/span&gt;y translation adjustment, other reserves, retained earnings and non-controlling interest calculated in accordance with IFRS.&lt;/span&gt;&lt;br/&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; break-after: avoid; break-inside: avoid; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;"&gt;Share cap&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;it&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;al&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company has an authorized share capital of a single class of 2.5 billion shares having a nominal value of $1.00 per share. Total ordinary shares issued and outstanding as of December 31, 2022, &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2021&lt;/span&gt; and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2020&lt;/span&gt; are 1,180,536,830 with a par value of $1.00 per share with one vote each. All issued shares are fully paid.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(3)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;"&gt;Dividends distribution by the Company to shareholders &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Dividends distributions are recorded in the Company&#x2019;s financial statements when Company&#x2019;s shareholders have the right to receive the payment, or when interim dividends are approved by the Board of Directors in accordance with the by-laws of the Company.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Dividends may be paid by the Company to the extent that it has distributable retained earnings, calculated in accordance with Luxembourg law. See note 26 (iii) to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;N&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Borrowings&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Borrowings are recognized initially at fair value net of transaction costs incurred and subsequently measured at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognized in profit or loss over the period of the borrowings using the effective interest method.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;O&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Current and d&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;eferred income tax&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The income tax expense or credit for the period is the tax payable or recoverable on the current period&#x2019;s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses. Tax is recognized in the Consolidated Income Statement, except for tax items recognized in other comprehensive income or directly in equity.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the reporting date in the countries where the Company&#x2019;s subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions when appropriate.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Deferred income tax is recognized applying the liability method on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. The temporary differences arise mainly from the effect of currency translation on depreciable fixed assets and inventories, depreciation on property, plant and equipment, valuation of inventories, provisions for post-employment benefits and other long-term employee benefits, fair value adjustments of assets acquired in business combinations and net operating loss carry-forwards. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the time period when the asset is realized or the liability is settled, based on tax laws that have been enacted or substantively enacted at the reporting date. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measures its tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of the resolution of the uncertainty.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized. At the end of each reporting period, Tenaris reassesses unrecognized deferred tax assets. Tenaris recognizes a previously unrecognized deferred tax asset to the extent that it has become probable that future taxable income will allow the deferred tax asset to be recovered.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and tax basis of investments in foreign operations where the company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Deferred tax assets and liabilities are re-measured if tax rates change. These amounts are charged or credited to the Consolidated Income Statement or to the item &lt;span style="font-style: italic; line-height: inherit;"&gt;O&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;ther co&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;mprehensive income &lt;/span&gt;in the Consolidated Statement of Comprehensive Income, depending on the account to which the original amount was charged or credited.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;P&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Employee benefits&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 22.5pt; text-indent: -22.5pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;Short-term obligations&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Liabilities for wages and salaries are recognized in respect of employees&#x2019; services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 22.5pt; break-after: avoid; break-inside: avoid; text-indent: -22.5pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;Post&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;-&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;employment benefits&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The Company has defined benefit and defined contribution plans. A defined benefit plan is a pension plan that defines an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The liability recognized in the statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets, if any. The defined benefit obligation is calculated annually (at year end) by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash flows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension obligation. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in &lt;span style="font-style: italic; line-height: inherit;"&gt;Other comprehensive income&lt;/span&gt; in the period in which they arise. Past-service costs are recognized immediately in the Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;For defined benefit funded plans, net interest income / expense is calculated based on the surplus or deficit derived by the difference between the defined benefit obligations less fair value of plan assets. For defined contribution plans, the Company pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expenses when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Tenaris sponsors funded and unfunded defined benefit pension plans in certain subsidiaries. The most significant are: &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;An unfunded defined benefit employee retirement plan for certain senior officers. The plan is designed to provide certain benefits to those officers (additional to those contemplated under applicable labor laws) in case of termination of the employment relationship due to certain specified events, including retirement. This unfunded plan provides defined benefits based on years of service and final average salary. As of December 31, 2022 the outstanding liability for this plan amounts to $43.1 million.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Employees&#x2019; service rescission indemnity: the cost of this obligation is charged to the Consolidated Income Statement over the expected service lives of employees. This provision is primarily related to the liability accrued for employees at&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;Tenaris&#x2019;s&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;Italian subsidiary. As from January 1, 2007 as a consequence of a change in an Italian law, employees were entitled to make contributions to external funds, thus,&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;Tenaris&#x2019;s&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;Italian subsidiary pays every year the required contribution to the funds with no further obligation. As a result, the plan changed from a defined benefit plan to a defined contribution plan effective from that date, but only limited to the contributions of 2007 onwards. As of December 31, 2022 the outstanding liability for this plan amounts to $10.7 million.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"&gt;Funded retirement benefit plan held in the U.S. for the benefit of some employees hired prior a certain date, frozen for the purposes of credited service as well as determination of final average pay for the retirement benefit calculation. Plan assets consist primarily of investments in equities and money market funds. Additionally, an unfunded post-retirement health and life plan is present that offers limited medical and life insurance benefits to the retirees, frozen to new participants. As of December 31, 2022 the outstanding liability for these plans amounts to $7.1 million.&lt;br/&gt;&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"&gt;Funded retirement benefit plans held in Canada for salary and hourly employees hired prior to a certain date based on years of service and, in the case of salaried employees, final average salary. Plan assets consist primarily of investments in debt and equity instruments. Both plans were replaced for defined contribution plans. Effective June 2016 the salary plan was frozen for the purposes of credited service as well as determination of final average pay. As of December 31, 2022 the plan was&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;overfunded&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;and the net assets related to this plan amounted to $10.4 million.&lt;br/&gt;&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; break-after: avoid; break-inside: avoid; text-indent: -21.3pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; break-after: avoid; break-inside: avoid; text-indent: -21.3pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(3)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;O&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;ther long-&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;term benefits &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;During 2007, Tenaris launched an &lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;employee retention and long&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;-&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;term incentive program&lt;/span&gt; (the &#x201c;Program&#x201d;) applicable to certain senior officers and employees of the Company, who will be granted a number of units throughout the duration of the Program. The value of each of these units is based on Tenaris&#x2019;s shareholders&#x2019; equity (excluding non-controlling interest). Until the end of 2017, the units were vested ratably over a period of four years&#160;and were mandatorily redeemed by the Company ten years&#160;after grant date, with the option of an early redemption at seven years&#160;after the grant date. Since 2018, the units are vested ratably over the same period and are mandatorily redeemed by the Company seven years&#160;after grant date. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The beneficiaries of the Program are entitled to receive cash amounts based on: (i) the amount of dividend payments made by Tenaris to its shareholders and (ii) the number of units held by each beneficiary to the Program. The payment of the benefit is tied to the book value of the shares, and not to their market value. Tenaris valued this long-term incentive program as a long-term benefit plan as classified in IAS 19, &#x201c;Employee Benefits&#x201d;.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As of December 31, 2022 and 2021, the outstanding liability corresponding to the Program amounts to $94.4 million and $84.2 million, respectively. The total value of the units granted (vested and unvested) to date under the program, considering the number of units and the book value per share as of December 31, 2022 and 2021, is $123.9 million and $99.6 million, respectively.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-indent: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(4)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;Termination benefits&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Termination benefits are payable when employment is terminated by Tenaris before the normal retirement date, or when an employee accepts voluntary redundancy in exchange for these benefits. Tenaris recognizes termination benefits at the earlier of the following dates: (a) when it can no longer withdraw the offer of those benefits; and (b) when the costs for a restructuring that is within the scope of IAS 37 involves the payment of terminations benefits. In the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; break-after: avoid; break-inside: avoid; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(5)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;Other compensation obligations&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Employee entitlements to annual leave, long-service leave, sick leave and other bonuses and compensations obligations are accrued as earned.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Compensation to employees in the event of dismissal is charged to income in the year in which it becomes payable.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none; line-height: 1.2;"&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;Q&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Provisions &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris is subject to various claims, lawsuits and other legal proceedings, including customer claims, in which a third party is seeking payment for alleged damages, reimbursement for losses or indemnity. Tenaris&#x2019;s potential liability with respect to such claims, lawsuits and other legal proceedings cannot be estimated with certainty. Management periodically reviews the status of each significant matter and assesses potential financial exposure. If, as a result of past events, a potential loss from a claim or proceeding is considered probable and the amount can be reliably estimated, a provision is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements, and take into consideration Tenaris&#x2019;s litigation and settlement strategies. These estimates are primarily constructed with the assistance of legal counsel. As the scope of liabilities become better defined, there may be changes in the estimates of future costs which could have a material adverse effect on its results of operations, financial condition and cash flows. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;If Tenaris expects to be reimbursed for an accrued expense, as would be the case for an expense or loss covered under an insurance contract, and reimbursement is considered virtually certain, the expected reimbursement is recognized as a receivable.&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;This note should be read in conjunction with note 26 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;R&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Trade and other payables &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Trade and other payables are recognized initially at fair value, generally the nominal invoice amount and subsequently measured at amortized cost. They are presented as current liabilities unless payment is not due within twelve months after the reporting period. Due to the short-term nature their carrying amounts are considered to be the same as their fair value.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;S&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Revenue recognition &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Revenue comprises the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of Tenaris&#x2019;s activities. The revenue recognized by the Company is measured at the transaction price of the consideration received or receivable to which the Company is entitled to, reduced by estimated returns and other customer credits, such as discounts and volume rebates, based on the expected value to be realized and after eliminating sales within the group. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Revenue is recognized at a point in time or over time from sales when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer. The control is transferred upon delivery. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred and either the customer has accepted the product in accordance with the sales contract, the acceptance provisions have lapsed or the Company has objective evidence that all criteria for acceptance have been satisfied, including all performance obligations. These conditions are determined and analyzed on a contract by contract basis to ensure that all performance obligations are fulfilled. In particular, Tenaris verifies customer acceptance of the goods, the satisfaction of delivery terms and any other applicable condition.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;For bill and hold transactions&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; revenue is recognized only to the extent that (a) the reason for the bill and hold arrangement must be substantive (for example, the customer has requested the arrangement); (b) the products have been specifically identified and are ready for delivery; (c) the Company &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;does not&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; have the ability to use the product or to direct it to another customer; (d&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;) the usual payment terms apply.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company&#x2019;s contracts with customers do not provide any material variable consideration, other than discounts, rebates and right of return. Discounts and rebates are recognized based on the most likely value and rights of return are based on expected value considering past experience and contract conditions.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;Where the contracts include multiple performance obligations, the transaction price is allocated to each performance obligation based on the stand-alone selling prices. Where these are not directly observable, they are estimated based on the expected cost plus margin.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;There are no judgements applied by management that significantly affect the determination of timing of satisfaction of performance obligations, nor the transaction price and amounts allocated to different performance obligations. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris provides services primarily related to goods sold, which represent a non-material portion of sales revenue and mainly include:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Pipe Management Services&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; This comprises mainly preparation of the pipes ready to be run, delivery to the customer, storage services and rig return.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Field Services&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; Comprises&#160;field technical support and running assistance.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;These services are rendered in connection to the sales of goods and are attached to contracts with customers for the sale of goods. A significant portion of service revenue is recognized in the same period as the goods sold. There are no distinct uncertainties in the revenues and cash flows of the goods sold and services rendered as they are included in the same contract, have the same counterparty and are subject to the same conditions.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company also provides hydraulic fracturing and coiled tubing services. The revenue related to these services is included in the Other segment.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Revenue from providing services is recognized over time in the accounting period in which the services are rendered. The following inputs and outputs methods are applied to recognize revenue considering the nature of service:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Storage services&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; the Company provides storage services in owned or third-party warehouses, subject to a variable fee to be invoiced. This fee is determined based on the time that the customer maintains the material in the warehouse and the amount of the material stored. In the majority of cases, to quantify the amount to be invoiced in any given month, the monthly average fee of storage per ton is multiplied by the monthly average stock stored (in tons).&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Freights&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; the Company recognized the revenue on a pro rata basis considering the units delivered and time elapsed. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Field services&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; the revenue is recognized considering output methods, in particular surveys of service completion provided by the customer.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, considering that the contracts do not include any significant financing component, the Company does not adjust any of the transaction prices for the time value of money. For this reason, the Company is also applying the practical expedient not to disclose details on transaction prices allocated to the remaining performance obligations as of the end of the reporting period.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Tenaris only provides standard quality warranties assuring that the goods sold will function as expected or are fit for their intended purpose, with no incremental service to the customer. Accordingly, warranties do not constitute a separate performance obligation.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Other revenues earned by Tenaris are recognized on the following basis:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Interest income: on the effective yield basis. &lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Dividend income from investments in other companies: when Tenaris&#x2019;s right to receive payment is established.&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Construction contracts revenues are recognized in accordance with the stage of the project completion.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;T&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Cost of sales and &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;other selling expenses&lt;/span&gt;&lt;/span&gt;&lt;/h4&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Cost of sales and other selling expenses are recognized in the Consolidated Income Statement on the accrual basis of accounting.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Commissions, freights and other selling expenses, including shipping and handling costs, are recorded in &lt;span style="font-style: italic; line-height: inherit;"&gt;S&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;elling, general and administrative expense&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;s&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;h4 style="line-height: 11pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/h4&gt;&lt;h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;U&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Earnings per share&lt;/span&gt;&lt;/span&gt;&lt;/h4&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Earnings per share are calculated by dividing the income attributable to the shareholders&#x2019; equity by the daily weighted average number of common shares outstanding during the year. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;There are no dilutive potential ordinary shares.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;V&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;F&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;inancial instruments&lt;/span&gt;&lt;/span&gt;&lt;/h4&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Non derivative financial instruments comprise investments in financial debt instruments and equity, time deposits, trade and other receivables, cash and cash equivalents, borrowings and trade and other payables.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The Company classifies its financial instruments according to the following measurement categories:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; those to be measured subsequently at fair value (either through OCI or through profit or loss), and&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; those to be measured at amortised cost.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The classification depends on the Company&#x2019;s business model for managing the financial assets and contractual terms of the cash flows.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Financial assets are recognized on their settlement date. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expenses in profit or loss.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Subsequent measurement of debt instruments depends on the Company&#x2019;s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Company classifies its debt instruments:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Amortized Cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Fair value through other comprehensive income: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets&#x2019; cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the Consolidated Statement of Comprehensive Income and transferred to the Consolidated Income Statement when the financial asset is sold.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Fair value through profit and loss: Assets that do not meet the criteria for amortized cost or FVOCI. Changes in fair value of financial instruments at FVPL are immediately recognized in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Equity instruments are subsequently measured at fair value.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Accounting for derivative financial instruments and hedging activities is included within the section III, Financial Risk Management.&#160;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory>
    <ts:DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock contextRef="D20221231_3" id="Tag3122">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;A&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Basis of presentation&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Consolidated Financial Statements of Tenaris have been prepared in accordance with International Financial Reporting Standards (&#x201c;IFRS&#x201d;), as issued by the International Accounting Standards Board (&#x201c;IASB&#x201d;) and in accordance with IFRS as adopted by the European Union, under the historical cost convention, as modified by the revaluation of certain financial assets and liabilities (including derivative instruments) and plan assets at fair value. The Consolidated Financial Statements are, unless otherwise noted, presented in thousands of U.S. dollars (&#x201c;$&#x201d;).&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Whenever necessary, certain comparative amounts have been reclassified to conform to changes in presentation in the current year. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The preparation of Consolidated Financial Statements in conformity with IFRS requires management to make certain accounting estimates and assumptions that might affect among others, the reported amounts of assets, liabilities, contingent liabilities, revenues and expenses. Actual results may differ from these estimates. The main areas involving significant estimates or judgements are: impairment of goodwill and long-lived assets (notes II.H), impairment in investments in associates (note II.B); income taxes (note II.O); obsolescence of inventory (note II.J); contingencies (note II.Q); allowance for trade receivables (note II.K); post-employment and other long-term benefits (note II.P); business combinations (notes II.B); useful lives of property, plant and equipment and other long-lived assets (notes II.E, II.F, II.H); fair value estimation of certain financial instruments (notes III.B, IV.34) and property title ownership restriction (note IV.27). During the year there were no material changes in the significant accounting estimates and judgements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 57px;"&gt;Accounting pronouncements applicable as from J&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;anuary 1, 20&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Accounting pronouncements that became effective during 2022 have no material effect on the Company&#x2019;s financial condition or results of operations. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 57px;"&gt;New ac&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;counting pronouncements &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;not &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;applicable as &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;of December 3&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;1, 202&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;Certain&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;new&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;ly published&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; accounting standards, amendments to accounting standards and interpretations are not mandatory for December 31, 202&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; reporting periods and have not been early adopted by the Company. These standards, amendments or interpretations are not expected to have a material impact in the current or future reporting periods and on foreseeable future transactions&lt;/span&gt;.&#160;&lt;/span&gt;&lt;/p&gt;</ts:DescriptionOfAccountingPolicyForBasisOfPresentationTextBlock>
    <ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory contextRef="D20221231_3" id="Tag2640">&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;B&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Group accounting&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 51px;"&gt;Subsidiaries and transactions with non-controlling interests&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Subsidiaries are all entities over which Tenaris has control. Tenaris controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are fully consolidated from the date on which control is exercised by the Company and are no longer consolidated from the date control ceases. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The acquisition method of accounting is used to account for the acquisition of subsidiaries by Tenaris. The cost of an acquisition is measured as the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of exchange. Acquisition-related costs are expensed as incurred. Identifiable assets acquired, liabilities and contingent liabilities assumed in a business combination are generally measured initially at their fair values at the acquisition date. Any non-controlling interest in the acquiree is measured either at fair value or at the non-controlling interest&#x2019;s proportionate share of the acquiree&#x2019;s net identifiable assets. The excess of the aggregate of the consideration transferred and the amount of any non-controlling interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Contingent consideration is classified either as equity or as a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;If the business combination is achieved in stages, the acquisition date carrying value of the acquirer&#x2019;s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Transactions with non-controlling interests that do not result in a loss of control are accounted as transactions with equity owners of the Company. For purchases from non-controlling interests, the difference between any consideration paid and the relevant share acquired of the carrying value of net assets of the subsidiary is recorded in equity. Gains or losses on disposals to non-controlling interests are also recorded in equity.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;When the Company ceases to have control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognized in profit or loss. The fair value is the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Material intercompany transactions, balances and unrealized gains (losses) on transactions between Tenaris subsidiaries have been eliminated in consolidation. However, since the functional currency of some subsidiaries is its respective local currency, some financial gains (losses) arising from intercompany transactions are generated. These are included in the Consolidated Income Statement under &lt;span style="font-style: italic; line-height: inherit;"&gt;Other f&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;inancial results&lt;/span&gt;. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 47px;"&gt;Non-consolidated companies&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Non-consolidated companies are all entities in which Tenaris has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. Investments in non-consolidated companies (associates and joint ventures) are accounted for by the equity method of accounting and are initially recognized at cost (as defined by IAS 28, &#x201c;Investments in Associates and Joint Ventures&#x201d;). The Company&#x2019;s investment in non-consolidated companies includes goodwill identified in acquisition, net of any accumulated impairment loss.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize Tenaris&#x2019;s share of the post-acquisition profits or losses of the investee in profit or loss, and Tenaris&#x2019;s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognized as a reduction in the carrying amount of the investment.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;If material, unrealized results on transactions between Tenaris and its non-consolidated companies are eliminated to the extent of Tenaris&#x2019;s interest in the non-consolidated companies. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment indicator of the asset transferred. Financial statements of non-consolidated companies &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;are&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt; adjusted where necessary to ensure consistency with IFRS.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;The Company&#x2019;s pro-rata share of earnings in non-consolidated companies is recorded in the Consolidated Income Statement under &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Equity in earnings&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;of non-consolidated companies&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;. The Company&#x2019;s pro-rata share of changes in other comprehensive income is recognized in the Consolidated Statement of Comprehensive Income.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; break-after: avoid; break-inside: avoid; text-indent: -18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;a)&#160;&#160;&#160;&#160;&#160;&#160; Ternium&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;At December 31, 2022, Tenaris held 11.46% of Ternium S.A. (&#x201c;Ternium&#x201d;) common stock. The following factors and circumstances evidence that Tenaris has significant influence over Ternium:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Both the Company and Ternium are under the indirect common control of San Faustin S.A. (&#x201c;San Faustin&#x201d;);&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Four out of nine members of Ternium&#x2019;s Board of Directors (including Ternium&#x2019;s Chairman) are also members of the Company&#x2019;s Board of Directors;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Under the shareholders&#x2019; agreement by and between the Company and Techint Holdings S.&#xe0;r.l, a wholly owned subsidiary of San Faustin&#160;and Ternium&#x2019;s main shareholder, dated January 9, 2006,&#160;Techint Holdings S.&#xe0;r.l, is required to take actions within its power to cause (a) one of the members of Ternium&#x2019;s Board of Directors to be nominated by the Company and (b) any director nominated by the Company to be removed from Ternium&#x2019;s Board of Directors only pursuant to previous written instructions of the Company.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;b)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Usiminas&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;At December 31, 2022, Tenaris held, through its Brazilian subsidiary Confab Industrial S.A. (&#x201c;Confab&#x201d;), 36.5 million ordinary shares and 1.3 million preferred shares of Usinas Sider&#xfa;rgicas de Minas Gerais S.A. - Usiminas (&#x201c;Usiminas&#x201d;), representing 5.19% of its shares with voting rights and 3.07% of its total share capital. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Confab&#x2019;s acquisition of the Usiminas shares was part of a larger transaction performed on January 16, 2012, pursuant to which Tenaris&#x2019;s affiliate Ternium (through certain of its subsidiaries) and Confab acquired a large block of Usiminas ordinary shares and joined Usiminas&#x2019; existing control group. Subsequently, in 2016, Ternium and Confab subscribed to additional ordinary shares and to preferred shares.&#160;&#160; &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;At December 31, 2022, the Usiminas control group held, in the aggregate, 483.6 million ordinary shares bound to the Usiminas shareholders&#x2019; agreement, representing approximately 68.6% of Usiminas&#x2019; voting capital. The Usiminas control group, which is bound by a long-term shareholders&#x2019; agreement that governs the rights and obligations of Usiminas&#x2019; control group members, is currently composed of three sub-groups: the T/T Group, comprising Confab and certain Ternium entities; the NSC Group, comprising Nippon Steel Corporation (&#x201c;NSC&#x201d;), Metal One Corporation and Mitsubishi Corporation; and Usiminas&#x2019; pension fund Previd&#xea;ncia Usiminas. The T/T Group holds approximately 47.1% of the total shares held by the control group (39.5% corresponding to the Ternium entities and the other 7.6% corresponding to Confab); the NSC Group holds approximately 45.9% of the total shares held by the control group; and Previd&#xea;ncia Usiminas holds the remaining 7%.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The corporate governance rules reflected in the Usiminas shareholders agreement include, among others, an alternation mechanism for the nomination of each of the Chief Executive Officer (&#x201c;CEO&#x201d;) and the Chairman of the Board of Directors of Usiminas, as well as a mechanism for the nomination of other members of Usiminas&#x2019; executive board. The Usiminas shareholders agreement also provides for an exit mechanism consisting of a buy-and-sell procedure (exercisable at any time after November 16, 2022, and applicable with respect to shares held by NSC and the T/T Group), which would allow either Ternium or NSC to purchase all or a majority of the Usiminas shares held by the other shareholder.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Confab and the Ternium entities party to the Usiminas shareholders agreement have a separate shareholders agreement governing their respective rights and obligations as members of the T/T Group. Such separate agreement includes, among others, provisions granting Confab certain rights relating to the T/T Group&#x2019;s nomination of Usiminas&#x2019; officers and directors under the Usiminas shareholders agreement. Those circumstances evidence that Tenaris has significant influence over Usiminas.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;c)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Techgen&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Techgen S.A. de C.V. (&#x201c;Techgen&#x201d;), which operates an electric power plant in Mexico, is a joint venture company owned 48% by Ternium, 30% by Tecpetrol International S.A. (&#x201c;Tecpetrol&#x201d;) and 22% by Tenaris. The Company, Ternium and Tecpetrol are parties to a shareholders&#x2019; agreement relating to the governance of Techgen and are under the indirect common control of San Faustin. Based on the facts stated above, the Company has determined that it has significant influence over this entity.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;d)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Global Pipe Company&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Global Pipe Company (&#x201c;GPC&#x201d;) is a Saudi-German joint venture, established in 2010 and located in Jubail, Saudi Arabia, which manufactures LSAW pipes. Tenaris, through its subsidiary Saudi Steel Pipe Company (&#x201c;SSPC&#x201d;), currently owns 35% of the share capital of GPC. In accordance with GPC&#x2019;s bylaws, SSPC&#x2019;s 35% equity interest entitles SSPC to appoint four of the eleven members of the Board of Directors of GPC. In addition, SSPC has the ability to block any shareholder resolution. Based on the facts stated above, the Company has determined that it has significant influence over this entity.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris carries its investments in non-consolidated companies under the equity method, with no additional goodwill or intangible assets recognized. Tenaris reviews investments in non-consolidated companies for impairment whenever events or changes in circumstances indicate that the asset&#x2019;s carrying amount may not be recoverable. For more information see note 13 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory>
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      contextRef="D20221231_TopOfRangeMember_9"
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      contextRef="D20221231_UsiminasMember"
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      contextRef="D20221231_UsiminasMember"
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    <ts:SharesBoundToSHA
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      id="Tag2481"
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      contextRef="I20221231_TerniumEntititesMember_TheNewSHAMember"
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      id="Tag2514"
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      id="Tag2504"
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      id="Tag2488"
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    <ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory contextRef="D20221231_3" id="Tag2642">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;C&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Segment information&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The Company is organized in one major business segment, Tubes, which is also the reportable operating segment. All other business activities and operating segments that are not required to be separately reported, are disclosed in the Other segment.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods (&#x201c;OCTG&#x201d;) used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. Business activities included in this segment are mainly dependent on the oil and gas industry worldwide, as this industry is a major consumer of steel pipe products, particularly OCTG used in drilling activities. Demand for steel pipe products from the oil and gas industry has historically been volatile and depends primarily upon the number of oil and natural gas wells being drilled, completed and reworked, and the depth and drilling conditions of these wells. Sales are generally made to end users, with exports being done through a centrally managed global distribution network and domestic sales are made through local subsidiaries.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"&gt;The Other segment includes all business activities related to&#160;&lt;/span&gt;the production and selling of sucker rods, industrial equipment, coiled tubing, tubes used for plumbing applications, oilfield / hydraulic fracturing services, energy and raw materials that exceed internal requirements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris&#x2019;s Chief Operating Decision Maker (&#x201c;CODM&#x201d;) holds monthly meetings with senior management, in which operating and financial performance information is reviewed. This information differs from IFRS principally as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The use of direct cost methodology to calculate the inventories, while under IFRS it is at full cost, including absorption of production overheads and depreciations;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The use of costs based on previously internally defined cost estimates, while, under IFRS, costs are calculated at historical cost, mainly on a FIFO basis;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Any currency translation adjustment reclassification, when applicable, for companies that under IFRS had a different functional currency than the U.S. dollar;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Other timing differences, if any.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris presents its geographical information in five areas: North America, South America, Europe, Middle East and Africa and Asia Pacific. For purposes of reporting geographical information, net sales are allocated to geographical areas based on the customer&#x2019;s location; allocation of assets, capital expenditures and associated depreciations and amortizations are based on the geographical location of the assets.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory>
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    <ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory contextRef="D20221231_3" id="Tag2641">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;D&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Foreign &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;c&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;urrency &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;t&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;ranslation&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 35.45pt; break-after: avoid; break-inside: avoid; text-indent: -35.45pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;"&gt;Functional&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt; and presentation&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt; currency&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 54pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;IAS 21 (revised), &#x201c;The effects of changes in foreign exchange rates&#x201d; defines the functional currency as the currency of the primary economic environment in which an entity operates.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The functional and presentation currency of the Company is the U.S. dollar. The U.S. dollar is the currency that best reflects the economic substance of the underlying events and circumstances relevant to Tenaris&#x2019;s global operations. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Starting January 1, 2023, the Company changed the functional currency of its Brazilian subsidiaries, from the Brazilian Real to the U.S. dollar.&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;This decision is a result of a significant increase of its Brazilian Subsidiaries&#x2019; participation in the OCTG and line pipe international markets, a trend which started in recent years and has been strengthened in 2022, an increased level of integration of the local operations within Tenaris&#x2019;s international commercial and supply chain system, as well as the fact that the main purchase agreement contracts and the long term sales agreement contracts with major international and local oil companies are both indexed to the U.S. dollar. Local steel prices are also being affected by the U.S. dollar / Brazilian Real fluctuations.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As a result of this change, except for the Italian subsidiaries whose functional currency is the Euro, Tenaris determined that the functional currency of its other subsidiaries is the U.S. dollar, based on the following principal considerations:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Sales are mainly negotiated, denominated and settled in U.S. dollars. If priced in a currency other than the U.S. dollar, the sales price may consider exposure to fluctuation in the exchange rate against the U.S. dollar;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Prices of their critical raw materials and inputs are priced and / or settled in U.S. dollars; &lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Transaction and operational environment and the cash flow of these operations have the U.S. dollar as reference currency; &lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Significant level of integration of the local operations within Tenaris&#x2019;s international global distribution network;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Net financial assets and liabilities are mainly received and maintained in U.S. dollars;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The exchange rate of certain legal currencies has long-been affected by recurring and severe economic crises.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Transactions in currencies other than the functional currency&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;Transactions in currencies other than the functional currency are translated into the functional currency using the exchange rates prevailing at the date of the transactions or valuati&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;on where items are re-measured.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;At the end of each reporting period: (i) monetary items denominated in currencies other than the functional currency are translated using the closing rates; (ii) non-monetary items that are measured in terms of historical cost in a currency other than the functional currency are translated using the exchange rates prevailing at the date of the transactions; and (iii) non-monetary items that are measured at fair value in a currency other than the functional currency are translated using the exchange rates prevailing at the date when&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; the fair value was determined.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in currencies other than the functional currency are recorded as gains and losses from foreign exchange and included in &lt;/span&gt;&lt;span style="font-style: italic; font-weight: normal; line-height: inherit;"&gt;Other financial results&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; in the Consolidated Income Statement, except when deferred in equity as qualifying cash flow hedges and qu&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;alifying net investment hedges.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(3)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Translation of financial information in currencies other than the functional currency&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Results of operations for subsidiaries whose functional currencies are not the U.S. dollar are translated into U.S. dollars at the average exchange rates for each quarter of the year. Financial statement positions are translated at the year-end exchange rates. Translation differences are recognized in a separate component of equity as currency translation adjustments. In the case of a sale or other disposal of any of such subsidiaries, any accumulated translation difference would be recognized in the Consolidated Income Statement as a gain or loss from the sale following IAS 21.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Goodwill and fair value adjustments arising from the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory contextRef="D20221231_3" id="Tag2635">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;E&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Property, plant and equipment&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Property, plant and equipment are recognized at historical acquisition or construction cost less accumulated depreciation and impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Property, plant and equipment acquired through acquisitions accounted for as business combinations have been valued initially at the fair market value of the assets acquired.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Major overhaul and rebuilding expenditures are capitalized as property, plant and equipment only when it is probable that future economic benefits associated with the item will flow to the Company and the investment enhances the condition of assets beyond its original condition. The carrying amount of the replaced part is derecognized. Maintenance expenses on manufacturing properties are recorded as cost of products sold in the year in which they are incurred.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Cost may also include transfers from equity of any gains or losses on qualifying cash flow hedges of foreign currency purchases of property, plant and equipment. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Borrowing costs that are attributable to the acquisition or construction of certain capital assets are capitalized as part of the cost of the asset, in accordance with IAS 23 (revised), &#x201c;Borrowing Costs&#x201d;. Assets for which borrowing costs are capitalized are those that require a substantial period of time to prepare for their intended use.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The depreciation method is reviewed at each year end. Depreciation is calculated using the straight-line method to depreciate the cost of each asset to its residual value over its estimated useful life, as follows: &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 64px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 16px; background-color: #ffffff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; Land &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; No Depreciation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Buildings and improvements&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;30-50 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px; background-color: #ffffff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Plant and production equipment&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;10-40 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; Vehicles, furniture and fixtures, and other equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 1.4pt; text-indent: -1.4pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;4-10 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The assets&#x2019; residual values and useful lives of significant plant and production equipment are reviewed and adjusted, if appropriate, at each year-end date. An asset&#x2019;s carrying amount is written down immediately to its recoverable amount if the asset&#x2019;s carrying amount is greater than its estimated recoverable amount.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Management&#x2019;s re-estimation of assets useful lives, performed in accordance with IAS 16, &#x201c;Property, Plant and Equipment&#x201d;, resulted in additional depreciation expenses of approximately $39 million for 2022, of $45 million for 2020 and did not materially affect depreciation expenses for 2021.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris depreciates each significant part of an item of property, plant and equipment for its different production facilities that (i) can be properly identified as an independent component with a cost that is significant in relation to the total cost of the item, and (ii) has a useful operating life that is different from another significant part of that same item of property, plant and equipment.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Gains and losses on disposals are determined by comparing the proceeds with the carrying amount of assets and are recognized under &lt;span style="font-style: italic; line-height: inherit;"&gt;Other operating income &lt;/span&gt;or &lt;span style="font-style: italic; line-height: inherit;"&gt;Other operating expenses&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory>
    <ts:DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock contextRef="D20221231_3" id="Tag2626">&lt;table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 64px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 16px; background-color: #ffffff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; Land &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; No Depreciation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Buildings and improvements&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;30-50 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px; background-color: #ffffff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Plant and production equipment&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;10-40 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; Vehicles, furniture and fixtures, and other equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;"&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 1.4pt; text-indent: -1.4pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;4-10 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock>
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    <ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory contextRef="D20221231_3" id="Tag2636">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;F&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Intangible assets&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Goodwill &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;Goodwill represents the excess of the acquisition cost &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;over the fair value of &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;Tenaris&#x2019;s&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt; share of net identifiable assets acquired as part of business combinations determined mainly by independent valuations. Goodwill is tested &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;at least &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Goodwill is included &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;in&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt; the Consolidated Statement of Financial Position under &lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Intangible assets, net.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-indent: 0px; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;For the purpose of impairment testing, g&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;oodwill is allocated to a &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;cash generating unit (&#x201c;&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;CGU&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#x201d;)&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; or group of &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;CGUs&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; that&#160;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;are expected to benefit from the business combination which generated the goodwill being tested. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Information systems projects&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Costs associated with maintaining computer software programs are generally recognized as an expense as incurred. However, costs directly related to the development, acquisition and implementation of information systems are recognized as intangible assets if it is probable that they have economic benefits exceeding one year and comply with the recognition criteria of IAS 38, &#x201c;Intangible Assets&#x201d;.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Information systems projects recognized as assets are amortized using the straight-line method over their useful lives, generally not exceeding a period of 3 years. Amortization charges are mainly classified as &lt;span style="font-style: italic; line-height: inherit;"&gt;Selling, general and administrative expenses&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Management&#x2019;s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022 and 2021 and resulted in additional amortization expenses of $11.1 million for 2020.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(3)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Licenses, patents, trademarks and proprietary technology &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Licenses, patents, trademarks, and proprietary technology acquired in a business combination are initially recognized at fair value at the acquisition date. Licenses, patents, proprietary technology and those trademarks that have a finite useful life are carried at cost less accumulated amortization. Amortization is calculated using the straight-line method to allocate the cost over their estimated useful lives, which are in the range between 3 and 10 years. Amortization charges are mainly classified as &lt;span style="font-style: italic; line-height: inherit;"&gt;Cost of Sales&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The balance of acquired trademarks that have indefinite useful lives according to external appraisal amounts to $86.7 million at December 31, 2022, 2021 and 2020, and are included in Hydril CGU. Main factors considered in the determination of the indefinite useful lives include the years that they have been in service and their recognition among customers in the industry.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Management&#x2019;s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022, 2021 and 2020.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(4)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 48px;"&gt;Research and development&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Research expenditures as well as &lt;/span&gt;development costs that do not fulfill the criteria for capitalization are recorded as &lt;span style="font-style: italic; line-height: inherit;"&gt;Cost of sales&lt;/span&gt; in the Consolidated Income Statement as incurred. Research and development expenditures included in &lt;span style="font-style: italic; line-height: inherit;"&gt;Cost of sales&lt;/span&gt; for the years 2022, 2021 and 2020 totaled $50.7 million, $45.3 million and $41.8 million, respectively. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Capitalized costs were not material for the years 2022, 2021 and 2020.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"&gt;(5)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit; margin-left: 48px;"&gt;Customer relationship&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0.85pt 0pt 13.9pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;In accordance with IFRS 3, "Business Combinations" and IAS 38, Tenaris has recognized the value of customer relationships separately from goodwill attributable to the acquisition of Maverick&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; Tube Corporation (&#x201c;Maverick&#x201d;)&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; and Hydril&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; Company (&#x201c;Hydril&#x201d;)&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; groups, as well as the more recent acquisi&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;tion&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; of &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;SSPC and Ipsco Tubulars Inc. (&#x201c;IPSCO&#x201d;)&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Customer relationships acquired in a business combination are recognized at fair value at the acquisition date, have a finite useful life and are carried at cost less accumulated amortization. Amortization is calculated using the straight line method over the initial expected useful li&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;v&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;e&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;which were &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;approximately 14 years for Maverick, 10 y&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ears for Hydril&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;,&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;9 years for &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;SSP&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;C and &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;3&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; year&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; for IPSCO&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2022&lt;/span&gt;,&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; the Company has reviewed the useful life of SSPC&#x2019;s customer relationships and decided to reduce &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;it&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; from 5 years to 3 years, consequently a higher amortization charge of approximately $4.1 million was recorded in the Consolidated Income Statement under &lt;/span&gt;&lt;span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;Selling, general and administrative expenses&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; for the year ended December 31, 2022.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Management&#x2019;s re-estimation of assets useful lives, performed in accordance with IAS 38, did not affect amortization expenses for 2021 and 2020.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;As o&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;f December 31, 20&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; the net book&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; value &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;of&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;SSP&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;C&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;&#x2019;s customer relationship amounts &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;to $&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;41.5&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; million&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;, with a residual useful life of &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;3&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; years&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;, w&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;hile &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;IPSCO&#x2019;s, &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Maverick&#x2019;s &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;and&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; Hydril&#x2019;s customer relationships &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;are&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; fully amortized.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory>
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      contextRef="D20221231_CustomerrelatedIntangibleAssetsMember_SaudiSteelPipeCompanyMember"
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    <ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill
      contextRef="D20221231_CustomerrelatedIntangibleAssetsMember_SaudiSteelPipeCompanyMember"
      id="Tag2512">P3Y</ifrs-full:UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill>
    <ts:SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets
      contextRef="D20221231_CustomerrelatedIntangibleAssetsMember_SaudiSteelPipeCompanyMember"
      decimals="-5"
      id="Tag2493"
      unitRef="USD">4100000</ts:SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets>
    <ts:FinitelivedIntangibleAssetResidualValue
      contextRef="I20221231_CustomerrelatedIntangibleAssetsMember_IpscoTubularsIncMember"
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      id="Tag2492"
      unitRef="USD">41500000</ts:FinitelivedIntangibleAssetResidualValue>
    <ts:FinitelivedIntangibleAssetResidualUsefulLife
      contextRef="D20221231_CustomerrelatedIntangibleAssetsMember_SaudiSteelPipeCompanyMember"
      id="Tag2494">P3Y</ts:FinitelivedIntangibleAssetResidualUsefulLife>
    <ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory contextRef="D20221231_3" id="Tag2632">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;G&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Right-of-use assets and lease liabilities&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Leases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the group. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is depreciated over the lease term on a straight-line basis.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Lease liabilities include the net present value of i) fixed payments, less any lease incentives receivable, ii) variable lease payments that are based on an index or a rate, iii) amounts expected to be payable by the lessee under residual value guarantees, iv) the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and v) payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee&#x2019;s incremental borrowing rate is used, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Right-of-use assets are measured at cost comprising the amount of the initial measurement of lease liability, any lease payments made at or before the commencement date less any lease incentives received and any initial direct costs incurred by the lessee.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.05pt; text-indent: -28.05pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option or early termination, or not to exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated).&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Payments associated with short-term leases, variable leases and leases of low value assets are recognized on a straight-line basis as expenses in profit or loss. Short-term leases are leases with a lease term of 12 months or less.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory>
    <ts:PeriodOfLeaseTermOfShortTermLeases contextRef="D20221231_3" id="Tag2485">P12M</ts:PeriodOfLeaseTermOfShortTermLeases>
    <ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory contextRef="D20221231_3" id="Tag2639">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;H&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Impairment of non-financial assets&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Long-lived assets including identifiable intangible assets are reviewed for impairment at the lowest level for which there are separately identifiable cash flows (CGU). Most of the Company&#x2019;s principal subsidiaries that constitute a CGU have a single main production facility and, accordingly, each of such subsidiaries represents the lowest level of asset aggregation that generates largely independent cash inflows.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Assets that are subject to amortization or depreciation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Intangible assets with indefinite useful lives, including goodwill, are subject to at least an annual impairment test, or are tested more frequently if events or circumstances indicate that the carrying amount value may be impaired. In some circumstances where there have not been significant changes to CGU assets and liabilities as well as external and internal events which could materially alter the recoverable amount of the CGU, the most recent detailed calculation of recoverable amount made in a preceding period may be used in the impairment test for that CGU in the current period. &lt;/span&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;In assessing whether there is any indication that a CGU may be impaired, external and internal sources of information are analyzed. Material facts and circumstances specifically considered in the analysis usually include the discount rate used in Tenaris&#x2019;s cash flow projections and the business condition in terms of competitive, economic and regulatory factors, such as the cost of raw materials, oil and gas prices, and the evolution of the rig count.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;An impairment loss is recognized for the amount by which the asset&#x2019;s carrying amount exceeds its recoverable amount. The recoverable amount is the higher between the asset&#x2019;s value in use and fair value less costs of disposal. Any impairment loss is allocated to reduce the carrying amount of the assets of the CGU in the following order:&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-indent: -14.15pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;(a) first, to reduce the carrying amount of any goodwill allocated to the CGU; and&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-indent: -14.15pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;(b) then, to the other assets of the unit (group of units) pro-rata on the basis of the carrying amount of each asset in the unit (group of units), considering not to reduce the carrying amount of the asset below the highest of its fair value less cost of disposal, its value in use or zero.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Value in use is calculated by discounting the estimated cash flows over a &lt;span style="-sec-ix-hidden:Tag3207"&gt;five year&lt;/span&gt; period (or higher if the period can be justified) based on forecasts approved by management. For the subsequent years beyond the &lt;span style="-sec-ix-hidden:Tag3208"&gt;five-year&lt;/span&gt;&#160;period, a terminal value is calculated based on perpetuity considering a nominal growth rate of 2% taking into account among others, mainly the historical inflation rate.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;For purposes of calculating the fair value less costs of disposal, Tenaris uses the estimated value of future cash flows that a market participant could generate from the corresponding CGU.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Management judgment is required to estimate discounted future cash flows. Actual cash flows and values could vary significantly from the forecasted future cash flows and related values derived using discounting techniques.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal at each reporting date. For more information on impairment charges see note 5 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory>
    <ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections
      contextRef="I20221231"
      decimals="2"
      id="Tag2523"
      unitRef="Pure">0.02</ifrs-full:DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections>
    <ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory contextRef="D20221231_3" id="Tag2631">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;I&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Other &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;i&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;nvestments&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Other investments consist primarily of investments in financial instruments and time deposits with a maturity of more than three months at the date of purchase.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Certain non-derivative financial assets that the Company held not for trading have been categorized as financial assets at fair value through other comprehensive income (&#x201c;FVOCI&#x201d;), as the business model objective is achieved by both holding financial assets in order to collect contractual cash flows and selling financial assets. They are carried at fair value and interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the Consolidated Statement of Comprehensive Income and transferred to the Consolidated Income Statement when the financial asset is sold. Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income Statement. FVOCI instruments with maturities greater than 12 months after the balance sheet date are included in non-current assets.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Other investments in financial instruments and time deposits are categorized as financial assets at fair value through profit or loss (&#x201c;FVPL&#x201d;) because such investments are held for trading and their performance is evaluated on a fair value basis. The results of these investments are recognized in &lt;span style="font-style: italic; line-height: inherit;"&gt;Financial Results&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Purchases and sales of financial investments are recognized as of their settlement date.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;The fair values of quoted investments are &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;generally &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;based on current bid prices. If the market for a financial investment is not active or the securities are not listed, Tenaris estimates the fair value by using standard valuation techniques&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;. S&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ee s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ectio&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;n III Financial Risk Management&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory>
    <ts:MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature contextRef="D20221231_3" id="Tag2517">P12M</ts:MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature>
    <ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories contextRef="D20221231_3" id="Tag2638">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;J&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Inventories&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Inventories are stated at the lower between cost and net realizable value. The cost of finished goods and goods in process is comprised of raw materials, direct labor, utilities, freights and other direct costs and related production overhead costs, and it excludes borrowing costs. The allocation of fixed production costs, including depreciation and amortization charges, is based on the normal level of production capacity. Inventories cost is mainly based on the FIFO method. Tenaris estimates net realizable value of inventories by grouping, where applicable, similar or related items. Net realizable value is the estimated selling price in the ordinary course of business, less any estimated costs of completion and selling expenses. Goods in transit as of year-end are valued based on the supplier&#x2019;s invoice cost.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Tenaris establishes an allowance for obsolete or slow-moving inventories related to finished goods, goods in process, supplies and spare parts. For slow moving or obsolete finished products, an allowance is established based on management&#x2019;s analysis of product aging. An allowance for obsolete and slow-moving inventory of supplies and spare parts is established based on management's analysis of such items to be used as intended and the consideration of potential obsolescence due to technological changes, aging and consumption patterns.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories>
    <ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory contextRef="D20221231_3" id="Tag2630">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;K&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Trade &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;and other &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;receivables&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Trade and other receivables are recognized initially at&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; fair value that corresponds to&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; the amount of consideration that is unconditional unless they contain significant financing c&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;omponents. The Company holds&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; trade receivables with the objective to collect the contractual cash flows and therefore measu&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;res them subsequently at amortiz&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ed cost using the effective interest method. &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Due to the short-term nature, their carrying amount is considered to be the same as their fair value&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Tenaris applies the&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; IFRS 9&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; &#x201c;Financial Instruments&#x201d;&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;simplified approach to measure&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; expected credit losses&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;,&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of sales over a period of &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;three&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;years&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; and the corresponding historical credit losses exp&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;erienced within this period. The expected loss allowance also&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; reflect&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; current and forward-looking information on macroeconomic factors affecting the ability&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; of&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;each &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;custo&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;mer to settle the receivables.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents contextRef="D20221231_3" id="Tag2629">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;L&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Cash and cash equivalents&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Cash and cash equi&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;valents are comprised of cash at&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; banks, liquidity funds and short-term investments with a maturity of less than three months at the date of purchase which are readily convertible to known amounts of cash. Assets recorded in cash and cash equivalents are carried at fair market value or at historical cost which &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;approximates fair market value.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;In the Consolidated Statement of Financial Position, bank overdrafts are included in &lt;/span&gt;&lt;span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;Borrowings&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; in current liabilities.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;For the purposes of the &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Consolidated Statement of C&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;ash &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;F&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;low&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;, &lt;/span&gt;&lt;span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;C&lt;/span&gt;&lt;span style="font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;ash and cash equivalents&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt; includes &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;overdrafts&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents>
    <ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory contextRef="D20221231_3" id="Tag2633">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;M&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;E&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;quity&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;"&gt;Equity&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt; components&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Consolidated Statement of Changes in Equity includes:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; font-size: 10pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The value of share capital, legal reserve, share premium and other distributable reserves calculated in accordance with Luxembourg law;&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; margin: 0pt; padding-left: 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; font-style: normal; line-height: inherit;"&gt;The currenc&lt;/span&gt;y translation adjustment, other reserves, retained earnings and non-controlling interest calculated in accordance with IFRS.&lt;/span&gt;&lt;br/&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; break-after: avoid; break-inside: avoid; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;"&gt;Share cap&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;it&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;al&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company has an authorized share capital of a single class of 2.5 billion shares having a nominal value of $1.00 per share. Total ordinary shares issued and outstanding as of December 31, 2022, &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2021&lt;/span&gt; and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2020&lt;/span&gt; are 1,180,536,830 with a par value of $1.00 per share with one vote each. All issued shares are fully paid.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(3)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 55px;"&gt;Dividends distribution by the Company to shareholders &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Dividends distributions are recorded in the Company&#x2019;s financial statements when Company&#x2019;s shareholders have the right to receive the payment, or when interim dividends are approved by the Board of Directors in accordance with the by-laws of the Company.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Dividends may be paid by the Company to the extent that it has distributable retained earnings, calculated in accordance with Luxembourg law. See note 26 (iii) to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory>
    <ifrs-full:NumberOfSharesAuthorised
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      decimals="2"
      id="Tag2513"
      unitRef="USDPerShare">1</ifrs-full:ParValuePerShare>
    <ifrs-full:NumberOfSharesOutstanding
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      decimals="0"
      id="Tag3211"
      unitRef="Shares">1180536830</ifrs-full:NumberOfSharesOutstanding>
    <ifrs-full:NumberOfSharesIssued
      contextRef="I20201231"
      decimals="0"
      id="Tag2474"
      unitRef="Shares">1180536830</ifrs-full:NumberOfSharesIssued>
    <ifrs-full:ParValuePerShare
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      decimals="2"
      id="Tag3214"
      unitRef="USDPerShare">1</ifrs-full:ParValuePerShare>
    <ifrs-full:ParValuePerShare
      contextRef="I20221231"
      decimals="2"
      id="Tag3013"
      unitRef="USDPerShare">1</ifrs-full:ParValuePerShare>
    <ts:NumberOfVotesPerShare
      contextRef="D20211231_3"
      decimals="0"
      id="Tag3217"
      unitRef="Pure">1</ts:NumberOfVotesPerShare>
    <ts:NumberOfVotesPerShare
      contextRef="D20221231_3"
      decimals="0"
      id="Tag2500"
      unitRef="Pure">1</ts:NumberOfVotesPerShare>
    <ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory contextRef="D20221231_3" id="Tag2637">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;N&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Borrowings&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Borrowings are recognized initially at fair value net of transaction costs incurred and subsequently measured at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognized in profit or loss over the period of the borrowings using the effective interest method.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory contextRef="D20221231_3" id="Tag2628">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;O&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Current and d&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;eferred income tax&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The income tax expense or credit for the period is the tax payable or recoverable on the current period&#x2019;s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses. Tax is recognized in the Consolidated Income Statement, except for tax items recognized in other comprehensive income or directly in equity.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the reporting date in the countries where the Company&#x2019;s subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions when appropriate.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Deferred income tax is recognized applying the liability method on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. The temporary differences arise mainly from the effect of currency translation on depreciable fixed assets and inventories, depreciation on property, plant and equipment, valuation of inventories, provisions for post-employment benefits and other long-term employee benefits, fair value adjustments of assets acquired in business combinations and net operating loss carry-forwards. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the time period when the asset is realized or the liability is settled, based on tax laws that have been enacted or substantively enacted at the reporting date. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measures its tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of the resolution of the uncertainty.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized. At the end of each reporting period, Tenaris reassesses unrecognized deferred tax assets. Tenaris recognizes a previously unrecognized deferred tax asset to the extent that it has become probable that future taxable income will allow the deferred tax asset to be recovered.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and tax basis of investments in foreign operations where the company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Deferred tax assets and liabilities are re-measured if tax rates change. These amounts are charged or credited to the Consolidated Income Statement or to the item &lt;span style="font-style: italic; line-height: inherit;"&gt;O&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;ther co&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;mprehensive income &lt;/span&gt;in the Consolidated Statement of Comprehensive Income, depending on the account to which the original amount was charged or credited.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory contextRef="D20221231_3" id="Tag2623">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;P&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Employee benefits&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 22.5pt; text-indent: -22.5pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(1)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;Short-term obligations&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Liabilities for wages and salaries are recognized in respect of employees&#x2019; services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 22.5pt; break-after: avoid; break-inside: avoid; text-indent: -22.5pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(2)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;Post&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;-&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;employment benefits&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The Company has defined benefit and defined contribution plans. A defined benefit plan is a pension plan that defines an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The liability recognized in the statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets, if any. The defined benefit obligation is calculated annually (at year end) by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash flows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension obligation. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in &lt;span style="font-style: italic; line-height: inherit;"&gt;Other comprehensive income&lt;/span&gt; in the period in which they arise. Past-service costs are recognized immediately in the Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;For defined benefit funded plans, net interest income / expense is calculated based on the surplus or deficit derived by the difference between the defined benefit obligations less fair value of plan assets. For defined contribution plans, the Company pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expenses when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Tenaris sponsors funded and unfunded defined benefit pension plans in certain subsidiaries. The most significant are: &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;An unfunded defined benefit employee retirement plan for certain senior officers. The plan is designed to provide certain benefits to those officers (additional to those contemplated under applicable labor laws) in case of termination of the employment relationship due to certain specified events, including retirement. This unfunded plan provides defined benefits based on years of service and final average salary. As of December 31, 2022 the outstanding liability for this plan amounts to $43.1 million.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Employees&#x2019; service rescission indemnity: the cost of this obligation is charged to the Consolidated Income Statement over the expected service lives of employees. This provision is primarily related to the liability accrued for employees at&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;Tenaris&#x2019;s&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;Italian subsidiary. As from January 1, 2007 as a consequence of a change in an Italian law, employees were entitled to make contributions to external funds, thus,&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;Tenaris&#x2019;s&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;Italian subsidiary pays every year the required contribution to the funds with no further obligation. As a result, the plan changed from a defined benefit plan to a defined contribution plan effective from that date, but only limited to the contributions of 2007 onwards. As of December 31, 2022 the outstanding liability for this plan amounts to $10.7 million.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"&gt;Funded retirement benefit plan held in the U.S. for the benefit of some employees hired prior a certain date, frozen for the purposes of credited service as well as determination of final average pay for the retirement benefit calculation. Plan assets consist primarily of investments in equities and money market funds. Additionally, an unfunded post-retirement health and life plan is present that offers limited medical and life insurance benefits to the retirees, frozen to new participants. As of December 31, 2022 the outstanding liability for these plans amounts to $7.1 million.&lt;br/&gt;&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -23.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;"&gt;Funded retirement benefit plans held in Canada for salary and hourly employees hired prior to a certain date based on years of service and, in the case of salaried employees, final average salary. Plan assets consist primarily of investments in debt and equity instruments. Both plans were replaced for defined contribution plans. Effective June 2016 the salary plan was frozen for the purposes of credited service as well as determination of final average pay. As of December 31, 2022 the plan was&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;overfunded&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;and the net assets related to this plan amounted to $10.4 million.&lt;br/&gt;&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; break-after: avoid; break-inside: avoid; text-indent: -21.3pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; break-after: avoid; break-inside: avoid; text-indent: -21.3pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(3)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;O&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;ther long-&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;term benefits &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;During 2007, Tenaris launched an &lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;employee retention and long&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;-&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;term incentive program&lt;/span&gt; (the &#x201c;Program&#x201d;) applicable to certain senior officers and employees of the Company, who will be granted a number of units throughout the duration of the Program. The value of each of these units is based on Tenaris&#x2019;s shareholders&#x2019; equity (excluding non-controlling interest). Until the end of 2017, the units were vested ratably over a period of four years&#160;and were mandatorily redeemed by the Company ten years&#160;after grant date, with the option of an early redemption at seven years&#160;after the grant date. Since 2018, the units are vested ratably over the same period and are mandatorily redeemed by the Company seven years&#160;after grant date. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The beneficiaries of the Program are entitled to receive cash amounts based on: (i) the amount of dividend payments made by Tenaris to its shareholders and (ii) the number of units held by each beneficiary to the Program. The payment of the benefit is tied to the book value of the shares, and not to their market value. Tenaris valued this long-term incentive program as a long-term benefit plan as classified in IAS 19, &#x201c;Employee Benefits&#x201d;.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As of December 31, 2022 and 2021, the outstanding liability corresponding to the Program amounts to $94.4 million and $84.2 million, respectively. The total value of the units granted (vested and unvested) to date under the program, considering the number of units and the book value per share as of December 31, 2022 and 2021, is $123.9 million and $99.6 million, respectively.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-indent: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(4)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;Termination benefits&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Termination benefits are payable when employment is terminated by Tenaris before the normal retirement date, or when an employee accepts voluntary redundancy in exchange for these benefits. Tenaris recognizes termination benefits at the earlier of the following dates: (a) when it can no longer withdraw the offer of those benefits; and (b) when the costs for a restructuring that is within the scope of IAS 37 involves the payment of terminations benefits. In the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; break-after: avoid; break-inside: avoid; text-indent: -36pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(5)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit; margin-left: 24px;"&gt;Other compensation obligations&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Employee entitlements to annual leave, long-service leave, sick leave and other bonuses and compensations obligations are accrued as earned.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Compensation to employees in the event of dismissal is charged to income in the year in which it becomes payable.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory>
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    <ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory contextRef="D20221231_3" id="Tag2627">&lt;div style="border-left: none; border-right: none;"&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;Q&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Provisions &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris is subject to various claims, lawsuits and other legal proceedings, including customer claims, in which a third party is seeking payment for alleged damages, reimbursement for losses or indemnity. Tenaris&#x2019;s potential liability with respect to such claims, lawsuits and other legal proceedings cannot be estimated with certainty. Management periodically reviews the status of each significant matter and assesses potential financial exposure. If, as a result of past events, a potential loss from a claim or proceeding is considered probable and the amount can be reliably estimated, a provision is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements, and take into consideration Tenaris&#x2019;s litigation and settlement strategies. These estimates are primarily constructed with the assistance of legal counsel. As the scope of liabilities become better defined, there may be changes in the estimates of future costs which could have a material adverse effect on its results of operations, financial condition and cash flows. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;If Tenaris expects to be reimbursed for an accrued expense, as would be the case for an expense or loss covered under an insurance contract, and reimbursement is considered virtually certain, the expected reimbursement is recognized as a receivable.&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;This note should be read in conjunction with note 26 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory contextRef="D20221231_3" id="Tag2634">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;R&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Trade and other payables &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Trade and other payables are recognized initially at fair value, generally the nominal invoice amount and subsequently measured at amortized cost. They are presented as current liabilities unless payment is not due within twelve months after the reporting period. Due to the short-term nature their carrying amounts are considered to be the same as their fair value.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue contextRef="D20221231_3" id="Tag2622">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;S&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Revenue recognition &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Revenue comprises the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of Tenaris&#x2019;s activities. The revenue recognized by the Company is measured at the transaction price of the consideration received or receivable to which the Company is entitled to, reduced by estimated returns and other customer credits, such as discounts and volume rebates, based on the expected value to be realized and after eliminating sales within the group. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Revenue is recognized at a point in time or over time from sales when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer. The control is transferred upon delivery. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred and either the customer has accepted the product in accordance with the sales contract, the acceptance provisions have lapsed or the Company has objective evidence that all criteria for acceptance have been satisfied, including all performance obligations. These conditions are determined and analyzed on a contract by contract basis to ensure that all performance obligations are fulfilled. In particular, Tenaris verifies customer acceptance of the goods, the satisfaction of delivery terms and any other applicable condition.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;For bill and hold transactions&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; revenue is recognized only to the extent that (a) the reason for the bill and hold arrangement must be substantive (for example, the customer has requested the arrangement); (b) the products have been specifically identified and are ready for delivery; (c) the Company &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;does not&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; have the ability to use the product or to direct it to another customer; (d&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;) the usual payment terms apply.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company&#x2019;s contracts with customers do not provide any material variable consideration, other than discounts, rebates and right of return. Discounts and rebates are recognized based on the most likely value and rights of return are based on expected value considering past experience and contract conditions.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;Where the contracts include multiple performance obligations, the transaction price is allocated to each performance obligation based on the stand-alone selling prices. Where these are not directly observable, they are estimated based on the expected cost plus margin.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;There are no judgements applied by management that significantly affect the determination of timing of satisfaction of performance obligations, nor the transaction price and amounts allocated to different performance obligations. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris provides services primarily related to goods sold, which represent a non-material portion of sales revenue and mainly include:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Pipe Management Services&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; This comprises mainly preparation of the pipes ready to be run, delivery to the customer, storage services and rig return.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Field Services&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; Comprises&#160;field technical support and running assistance.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;These services are rendered in connection to the sales of goods and are attached to contracts with customers for the sale of goods. A significant portion of service revenue is recognized in the same period as the goods sold. There are no distinct uncertainties in the revenues and cash flows of the goods sold and services rendered as they are included in the same contract, have the same counterparty and are subject to the same conditions.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company also provides hydraulic fracturing and coiled tubing services. The revenue related to these services is included in the Other segment.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Revenue from providing services is recognized over time in the accounting period in which the services are rendered. The following inputs and outputs methods are applied to recognize revenue considering the nature of service:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Storage services&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; the Company provides storage services in owned or third-party warehouses, subject to a variable fee to be invoiced. This fee is determined based on the time that the customer maintains the material in the warehouse and the amount of the material stored. In the majority of cases, to quantify the amount to be invoiced in any given month, the monthly average fee of storage per ton is multiplied by the monthly average stock stored (in tons).&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Freights&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; the Company recognized the revenue on a pro rata basis considering the units delivered and time elapsed. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Field services&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;:&lt;/span&gt; the revenue is recognized considering output methods, in particular surveys of service completion provided by the customer.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds one year. As a consequence, considering that the contracts do not include any significant financing component, the Company does not adjust any of the transaction prices for the time value of money. For this reason, the Company is also applying the practical expedient not to disclose details on transaction prices allocated to the remaining performance obligations as of the end of the reporting period.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Tenaris only provides standard quality warranties assuring that the goods sold will function as expected or are fit for their intended purpose, with no incremental service to the customer. Accordingly, warranties do not constitute a separate performance obligation.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Other revenues earned by Tenaris are recognized on the following basis:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Interest income: on the effective yield basis. &lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Dividend income from investments in other companies: when Tenaris&#x2019;s right to receive payment is established.&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Construction contracts revenues are recognized in accordance with the stage of the project completion.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;</ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue>
    <ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory contextRef="D20221231_3" id="Tag2625">&lt;h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;T&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Cost of sales and &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;other selling expenses&lt;/span&gt;&lt;/span&gt;&lt;/h4&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Cost of sales and other selling expenses are recognized in the Consolidated Income Statement on the accrual basis of accounting.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Commissions, freights and other selling expenses, including shipping and handling costs, are recorded in &lt;span style="font-style: italic; line-height: inherit;"&gt;S&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;elling, general and administrative expense&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;s&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory>
    <ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory contextRef="D20221231_3" id="Tag2624">&lt;h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;U&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;Earnings per share&lt;/span&gt;&lt;/span&gt;&lt;/h4&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Earnings per share are calculated by dividing the income attributable to the shareholders&#x2019; equity by the daily weighted average number of common shares outstanding during the year. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;There are no dilutive potential ordinary shares.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory>
    <ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares
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    <ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory contextRef="D20221231_3" id="Tag2605">&lt;h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;V&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit; margin-left: 46px;"&gt;F&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;inancial instruments&lt;/span&gt;&lt;/span&gt;&lt;/h4&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Non derivative financial instruments comprise investments in financial debt instruments and equity, time deposits, trade and other receivables, cash and cash equivalents, borrowings and trade and other payables.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The Company classifies its financial instruments according to the following measurement categories:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; those to be measured subsequently at fair value (either through OCI or through profit or loss), and&lt;/span&gt;&lt;/li&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; those to be measured at amortised cost.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The classification depends on the Company&#x2019;s business model for managing the financial assets and contractual terms of the cash flows.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Financial assets are recognized on their settlement date. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expenses in profit or loss.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Subsequent measurement of debt instruments depends on the Company&#x2019;s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Company classifies its debt instruments:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Amortized Cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Fair value through other comprehensive income: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets&#x2019; cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the Consolidated Statement of Comprehensive Income and transferred to the Consolidated Income Statement when the financial asset is sold.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Fair value through profit and loss: Assets that do not meet the criteria for amortized cost or FVOCI. Changes in fair value of financial instruments at FVPL are immediately recognized in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Equity instruments are subsequently measured at fair value.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Accounting for derivative financial instruments and hedging activities is included within the section III, Financial Risk Management.&#160;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory>
    <ifrs-full:DisclosureOfFinancialRiskManagementExplanatory contextRef="D20221231_3" id="Tag2912">&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #cc0066;"&gt;&lt;span style="font-weight: bold; text-transform: uppercase; line-height: inherit;"&gt;iii&lt;/span&gt;&lt;span style="font-weight: bold; text-transform: uppercase; line-height: inherit;"&gt;.&lt;/span&gt;&lt;span style="font-weight: bold; text-transform: uppercase; line-height: inherit;"&gt;Financial risk management&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The multinational nature of Tenaris&#x2019;s operations and customer base exposes the Company to a variety of risks, mainly related to market risks (including the effects of changes in foreign currency exchange rates and interest rates), credit risk and capital market risk. In order to manage the volatility related to these exposures, management evaluates exposures on a consolidated basis, taking advantage of exposure netting. The Company or its subsidiaries may then enter into various derivative transactions in order to prevent potential adverse impacts on Tenaris&#x2019;s financial performance. Such derivative transactions are executed in accordance with internal policies and hedging practices.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; text-transform: uppercase; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;A. Financial &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;r&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;isk &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;f&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;actors&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(i)&#160;&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; margin-left: 45px; line-height: inherit;"&gt;Capital Risk Management&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris seeks to maintain a low debt to total equity ratio considering the industry and the markets where it operates. The year-end ratio of debt to total equity (where &#x201c;debt&#x201d; comprises financial borrowings and &#x201c;total equity&#x201d; is the sum of financial borrowings and equity) is 0.05 as of December 31, 2022 and 0.03 as of December 31, 2021. The Company does not have to comply with regulatory capital adequacy requirements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; text-transform: uppercase; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(ii)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;"&gt;Foreign exchange risk &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris manufactures and sells its products in a number of countries throughout the world and consequently is exposed to foreign exchange rate risk. Since the Company&#x2019;s functional currency is the U.S. dollar the purpose of Tenaris&#x2019;s foreign currency hedging program is mainly to reduce the risk caused by changes in the exchange rates of other currencies against the U.S. dollar.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris&#x2019;s exposure to currency fluctuations is reviewed on a periodic and consolidated basis. A number of derivative transactions are performed in order to achieve an efficient coverage in the absence of operative or natural hedges. Almost all of these transactions are forward exchange rates contracts. See note 25 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris does not&#160;enter into derivative financial instruments for trading or other speculative purposes, other than non-material investments in structured products.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;In the case of subsidiaries with functional currencies other than the U.S. dollar, the results of hedging activities, reported in accordance with IFRS, may not reflect entirely the management&#x2019;s assessment of its foreign exchange risk hedging program. Intercompany balances between Tenaris&#x2019;s subsidiaries may generate financial gains (losses) to the extent that functional currencies differ.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The value of Tenaris&#x2019;s financial assets and liabilities is subject to changes arising from the variation of foreign currency exchange rates. The following table provides a breakdown of Tenaris&#x2019;s main financial assets and liabilities (including foreign exchange derivative contracts) which impact the Company&#x2019;s profit and loss as of December 31, 2022 and 2021.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 102px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; All amounts Long / (Short) in thousands of U.S. dollars &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; As of December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Currency Exposure / Functional currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 76%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Argentine Peso / U.S. dollar &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (126,739&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (95,073&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Euro / U.S. dollar &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (42,458&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;12,462&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Saudi Arabian Riyal / U.S. dollar &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (74,183&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (77,853&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; U.S. dollar / Brazilian Real &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (94,856&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (32,738&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The main relevant exposures correspond to:&lt;/span&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li class="mylistitemclass" style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Argentine Peso / U.S. dollar&lt;br/&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt 0pt 0pt 18pt; line-height: 1.2; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As of December 31, 2022 and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2021&lt;/span&gt; consisting primarily of Argentine Peso-denominated financial, trade, social and fiscal payables at certain Argentine subsidiaries whose functional currency is the U.S. dollar. A change of &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;1&lt;/span&gt;% in the ARS/USD exchange rate would have generated a pre-tax gain / loss of $1.3 million and $1 million as of December 31, 2022 and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2021&lt;/span&gt; respectively.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"/&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li class="mylistitemclass" style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Euro / U.S. dollar&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As of December 31, 2022 consisting primarily of Euro-denominated intercompany liabilities at certain subsidiaries whose functional currency is the U.S. dollar and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2021&lt;/span&gt;, consisting primarily of U.S. dollar-denominated intercompany liabilities at certain subsidiaries whose functional currency is the Euro. A change of &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;1&lt;/span&gt;% in the EUR/USD exchange rate would have generated a pre-tax gain / loss of $0.4 million and $0.1 million as of December 31, 2022 and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2021&lt;/span&gt;, respectively, which would have been to a large extent offset by changes in currency translation adjustment included in Tenaris&#x2019;s net equity position.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li class="mylistitemclass" style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Saudi Arabian Riyal / U. S. dollar&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As of December 31, 2022 and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2021&lt;/span&gt; consisting primarily of Saudi Arabian Riyal-denominated financial and trade payables. The Saudi Arabian Riyal is tied to the U.S. dollar.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li class="mylistitemclass" style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;U.S. dollar / Brazilian Real&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 18pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As of December 31, 2022 and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2021&lt;/span&gt;, consisting primarily of U.S. dollar-denominated intercompany liabilities at certain subsidiaries whose functional currency is the Brazilian Real. A change of &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;1&lt;/span&gt;% in the BRL/USD exchange rate would have generated a pre-tax gain / loss of $0.9 million and $0.3 million as of December 31, 2022 and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2021&lt;/span&gt;, respectively, which would have been to a large extent offset by changes in currency translation adjustment included in Tenaris&#x2019;s net equity position.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Considering the balances held as of December 31, 2022 on financial assets and liabilities exposed to foreign exchange rate fluctuations, Tenaris estimates that the impact of a simultaneous 1% appreciation / depreciation movement in the levels of foreign currencies exchange rates relative to the U.S. dollar, would be a pre-tax gain / loss of $4 million (including a loss / gain of $0.2 million due to foreign exchange derivative contracts), which would be partially offset by changes to Tenaris&#x2019;s net equity position of $0.9 million. For balances held as of December 31, 2021, a simultaneous 1% favorable / unfavorable movement in the foreign currencies exchange rates relative to the U.S. dollar, would have generated a pre-tax gain / loss of $3.1 million (including a loss / gain of $0.5 million due to foreign exchange derivative contracts), which would have been partially offset by changes to Tenaris&#x2019;s net equity position of $0.2 million.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(iii)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;"&gt;Interest rate risk&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris is subject to interest rate risk on its investment portfolio and its debt. The Company uses a mix of variable and fixed rate debt in combination with its investment portfolio strategy. The Company may choose to enter into foreign exchange derivative contracts and / or interest rate swaps to mitigate the exposure to changes in the interest rates. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The following table summarizes the proportions of variable-rate and fixed-rate debt as of each year end.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 83px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; As of December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; In thousands of U.S. dollars &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; In thousands of U.S. dollars &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 56%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Fixed rate &lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;497,889&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;68&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;187,036&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;57&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Variable rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;230,873&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;32&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;143,897&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;43&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;Out of the $&lt;/span&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;497.9&lt;/span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt; million fixed rate borrowings, $&lt;/span&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;479&lt;/span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt; million are short-term.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The Company estimates that, if market interest rates applicable to Tenaris&#x2019;s borrowings had been 100 basis points higher, then the additional pre-tax loss would have been $5.3 million in 2022 and $5.2 million in 2021. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(iv)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;"&gt;Credit risk&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Credit risk arises from cash and cash equivalents, deposits with banks and financial institutions, as well as credit exposures to customers, including outstanding receivables and committed transactions. The Company also actively monitors the creditworthiness of its treasury, derivative and insurance counterparties in order to minimize its credit risk.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;There is no significant concentration of credit risk from customers. No single customer comprised more than 10% of Tenaris&#x2019;s net sales in 2022, 2021 and 2020.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"/&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris&#x2019;s credit policies related to sales of products and services are designed to identify customers with acceptable credit history and to allow Tenaris to require the use of credit insurance, letters of credit and other instruments designed to minimize credit risks whenever deemed necessary. Tenaris maintains allowances for impairment for potential credit losses. See section II.K.&lt;/span&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As of December 31, 2022 and 2021 trade receivables amounted to $2,493.9 million and $1,299.1 million respectively. Trade receivables have guarantees under credit insurance of $231.2 million and $175.8 million, letter of credit and other bank guarantees of $34.7 million and $17.8 million as of December 31, 2022 and 2021 respectively, and other guarantees of $2.2 million as of December 31, 2021.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As of December 31, 2022 and 2021, overdue trade receivables amounted to $544.9 million and $209.6 million, respectively. As of December 31, 2022 and 2021, overdue guaranteed trade receivables amounted to $28.1 million and $10.6 million; and the allowance for doubtful accounts amounted to $45.5 million and $47.1 million respectively. Both the allowance for doubtful accounts and the existing guarantees are sufficient to cover doubtful trade receivables. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(v)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;"&gt;Counterparty risk&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Tenaris has investment guidelines with specific parameters to limit issuer risk on marketable securities. Counterparties for derivatives and cash transactions are limited to high credit quality financial institutions, normally investment grade.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;Approximately &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;80&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;% of Tenaris&#x2019;s liquid financial assets correspond&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;ed&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt; to Investment Grade-rated instruments as of December 31, 20&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;, in comparison with approximately &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;77&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;% as of December 31, 20&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;v&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;i&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; margin-left: 45px; line-height: inherit;"&gt;Liquidity risk&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris financing strategy aims to maintain adequate financial resources and access to additional liquidity. During 2022, Tenaris has counted on cash flows from operations as well as additional bank financing to fund its transactions.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Management maintains sufficient cash and marketable securities to finance normal operations and believes that Tenaris also has appropriate access to market for short-term working capital needs.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Liquid financial assets as a whole (comprising cash and cash equivalents and other investments) were 9% and 7% of total assets at the end of 2022 and 2021, respectively.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris has a conservative approach to the management of its liquidity, which consists of i)&#160;cash and cash equivalents (cash in banks, liquidity funds and investments&#160;with a&#160;maturity of less than three months&#160;at the date of purchase), and ii) other investments (fixed income securities, time deposits, and fund investments).&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris holds primarily investments in money market funds and variable or fixed-rate securities from investment grade issuers. As of December 31, 2022 and 2021 Tenaris held $5 million and $6 million in direct exposure to financial instruments issued by European sovereign counterparties respectively.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;Tenaris holds its investments primarily in U.S. &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;dollars. As of December 31, 202&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt; and 20&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;, U.S. dollar denominated liquid assets plus investments denominated in other currencies hedged to the U.S. dollar represented approximately &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;87&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;%&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;of total liquid financial assets.&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(vii)&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; margin-left: 46px; line-height: inherit;"&gt;Commodity price risk&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;In the ordinary course of its operations, Tenaris purchases commodities and raw materials that are subject to price volatility caused by supply conditions, political and economic variables and other factors. As a consequence, Tenaris is exposed to risk resulting from fluctuations in the prices of these commodities and raw materials. Tenaris fixes the prices of such raw materials and commodities for short-term periods, typically not in excess of one year, and &lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;i&lt;/span&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;n general hedging for these risks is performed on a limited basis.&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"/&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;B. Category of financial instruments and classification w&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;ithin th&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;e fair value h&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;ierarchy&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As mentioned in note II.A, the Company classifies its financial instruments in the following measurement categories: amortized cost, fair value through other comprehensive income and fair value through profit and loss. For financial instruments that are measured in the statement of financial position at fair value, IFRS 13, &#x201c;Fair value measurement&#x201d; requires a disclosure of fair value measurements by level according to the following fair value measurement hierarchy:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices).&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Level 3 - Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs).&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The following tables present the financial instruments by category and levels as of December 31, 2022 and 2021.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 424px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; border-color: #000000; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 13px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 23px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Carrying amount &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Measurement Categories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At Fair Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Amortized Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; FVOCI &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; FVPL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 1&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 22%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Cash and cash equivalents &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,091,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;668,668&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;422,859&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;422,859&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Other investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;438,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;196,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;182,988&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;59,308&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;242,296&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt 0pt 0pt 8.7pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Fixed income (time-deposit, zero coupon bonds, commercial papers) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;196,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;196,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Certificates of deposits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;36,167&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;36,167&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Commercial papers &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;19,785&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;19,785&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other notes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;140,200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;140,200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;211,953&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;182,988&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;28,965&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;211,953&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-U.S. government securities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;108,310&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;79,345&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;28,965&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;108,310&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Corporates securities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;103,643&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;103,643&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;103,643&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Mutual Fund &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;30,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;30,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;30,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Derivative financial instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Other Investments Non-current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;119,902&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Receivables C and NC &lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;395,531&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;105,397&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;154,056&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;105,397&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other receivables (non-financial) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;241,475&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;3,464,157&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;345,221&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;519,300&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;778,729&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;54,987&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Borrowings C and NC &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Trade payables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,179,457&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,179,457&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Lease Liabilities C and NC &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;112,177&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;112,177&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Derivative financial instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,020,396&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"&gt;&lt;span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;span&gt; Includes balances related to interest in Venezuelan companies. See note &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;34&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"/&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 452px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Carrying amount &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Measurement Categories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At Fair Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Amortized Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; FVOCI &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; FVPL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 1&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px; width: 22%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Cash and cash equivalents &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;318,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;212,430&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;105,697&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;105,697&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Other investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;397,849&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;239,742&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff; margin-left: 0.1px;"&gt;&lt;td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Fixed income (time-deposit, zero coupon bonds, commercial papers) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;239,742&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;239,742&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Certificates of deposits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;94,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;94,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding: 0px 7px 0px 12px; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Commercial papers &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;30,062&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;30,062&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other notes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;115,266&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;115,266&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-U.S. government securities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;10,660&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;10,660&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;10,660&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Corporates securities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;147,447&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;147,447&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;147,447&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Derivative financial instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Other Investments Non-current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;320,254&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Receivables C and NC &lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;302,164&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;85,220&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;133,879&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;85,220&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other receivables (non-financial) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;168,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,836,464&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;519,385&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;124,647&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;576,423&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;56,294&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Liabilities&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Borrowings C and NC &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Trade payables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;845,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;845,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Lease Liabilities C and NC &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;117,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;117,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Derivative financial instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,293,474&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"&gt;&lt;span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;Includes balances related to interest in Venezuelan companies. See note &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;34&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;There were no transfers between levels during the year.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The fair value of financial instruments traded in active markets is based on quoted market prices at the reporting date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm&#x2019;s length basis. The quoted market price used for financial assets held by Tenaris is the current bid price. These instruments are included in Level 1 and comprise primarily corporate and sovereign debt securities.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The fair value of financial instruments that are not traded in an active market (such as certain debt securities, certificates of deposits with original maturity of more than three months, forward and interest rate derivative instruments) is determined by using valuation techniques which maximize the use of observable market data when available and rely as little as possible on entity specific estimates. If all significant inputs required to value an instrument are observable, the instrument is included in Level 2. Tenaris values its assets and liabilities included in this level using bid prices, interest rate curves, broker quotations, current exchange rates, forward rates and implied volatilities obtained from market contributors as of the valuation date.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;div/&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;If one or more of the significant inputs are not based on observable market data, the instruments are included in Level 3. Tenaris values its assets and liabilities in this level using observable market inputs and management assumptions which reflect the Company&#x2019;s best estimate on how market participants would price the asset or liability at measurement date. Main balances in this level include net receivables related to the Company interest in the Venezuelan Companies for a total amount of approximately $48.7 million, which reflects the best estimation of the fair value calculated using the probability of occurrence of weighted scenarios applied to the potential transaction value resulting from the awards purchase agreement mentioned in note 34 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The following table presents the changes in Level 3 assets:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 102px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;56,294&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;56,319&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (Decrease) / increase &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,126&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;219&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment and others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (181&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (244&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;54,987&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;56,294&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;C&lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;. &lt;/span&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;Fair value estimation&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Financial assets or liabilities classified at fair value through profit or loss are measured under the framework established by the IASB accounting guidance for fair value measurements and disclosures.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The fair values of quoted investments are generally based on current bid prices. If the market for a financial asset is not active or no market is available, fair values are established using standard valuation techniques. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The fair value of all outstanding derivatives is determined using specific pricing models that include inputs that are observable in the market or can be derived from or corroborated by observable data. The fair value of forward foreign exchange contracts is calculated as the net present value of the estimated future cash flows in each currency, based on observable yield curves, converted into U.S. dollars at the spot rate of the valuation date.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Borrowings are classified under other financial liabilities and measured at their amortized cost. Tenaris estimates that the fair value of its main financial liabilities is approximately 99.2% and 99.6% of its carrying amount (including interests accrued) in 2022 and 2021 respectively. Fair values were calculated using standard valuation techniques for floating rate instruments and comparable market rates for discounting cash flows.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The carrying amount of investments valuated at amortized cost approximates its fair value.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit; color: #003366;"&gt;D. Accounting for derivative financial instruments and hedging activities&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Derivative financial instruments are initially recognized in the statement of financial position at fair value through profit and loss on each date a derivative contract is entered into and are subsequently remeasured at fair value. Specific tools are used for calculation of each instrument&#x2019;s fair value and these tools are tested for consistency on a monthly basis. Market rates are used for all pricing operations. These include exchange rates, deposit rates and other discount rates matching the nature of each underlying risk. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;As a general rule, Tenaris recognizes the full amount related to the change in fair value of derivative financial instruments in &lt;span style="font-style: italic; line-height: inherit;"&gt;Financial Results&lt;/span&gt; in the Consolidated Income Statement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Tenaris designates certain derivatives as hedges of particular risks associated with recognized assets or liabilities or highly probable forecast transactions. These transactions are classified as cash flow hedges. The effective portion of the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in equity. Amounts accumulated in equity are then recognized in the income statement in the same period as the offsetting losses and gains on the hedged item. The gain or loss relating to the ineffective portion is recognized immediately in the income statement. The fair value of Tenaris&#x2019;s derivative financial instruments (assets or liabilities) continues to be reflected in the statement of financial position.&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;For transactions designated and qualifying for hedge accounting, Tenaris documents at the inception of the transaction the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking various hedge transactions. Tenaris also documents its assessment on an ongoing basis, of whether the hedging instruments are highly effective in offsetting changes in the fair value or cash flow of hedged items. At December 31, 2022 and 2021, the effective portion of designated cash flow hedges which is included in &lt;span style="font-style: italic; line-height: inherit;"&gt;Other Reserves&lt;/span&gt; in equity amounted to &lt;span style="background-color: #ffffff; line-height: inherit;"&gt;$13.1&#160;&lt;/span&gt;million credit and $1.3 million credit respectively.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;The fair values of various derivative instruments used for hedging purposes and the movements of the hedging reserve included within &lt;span style="font-style: italic; line-height: inherit;"&gt;Other Reserves&lt;/span&gt; in equity are disclosed in note 25 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfFinancialRiskManagementExplanatory>
    <ts:DebtToEquityRatio
      contextRef="I20221231"
      decimals="2"
      id="Tag43"
      unitRef="Pure">0.05</ts:DebtToEquityRatio>
    <ts:DebtToEquityRatio
      contextRef="I20211231"
      decimals="2"
      id="Tag2786"
      unitRef="Pure">0.03</ts:DebtToEquityRatio>
    <ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory contextRef="D20221231_3" id="Tag2911">&lt;table cellpadding="0" style="height: 102px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; All amounts Long / (Short) in thousands of U.S. dollars &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; As of December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Currency Exposure / Functional currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 76%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Argentine Peso / U.S. dollar &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (126,739&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (95,073&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Euro / U.S. dollar &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (42,458&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;12,462&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Saudi Arabian Riyal / U.S. dollar &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (74,183&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (77,853&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; U.S. dollar / Brazilian Real &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (94,856&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (32,738&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20221231_ArgentinePesoUsDollarForeignExchangeRiskMember"
      decimals="-3"
      id="Tag2648"
      unitRef="USD">-126739000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20211231_ArgentinePesoUsDollarForeignExchangeRiskMember"
      decimals="-3"
      id="Tag39"
      unitRef="USD">-95073000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20221231_EuroUsDollarForeignExchangeRiskMember"
      decimals="-3"
      id="Tag2746"
      unitRef="USD">-42458000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20211231_EuroUsDollarForeignExchangeRiskMember"
      decimals="-3"
      id="Tag2601"
      unitRef="USD">12462000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20221231_SaudiArabianRiyalUsDollarExchangeRiskMember"
      decimals="-3"
      id="Tag3039"
      unitRef="USD">-74183000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20211231_SaudiArabianRiyalUsDollarExchangeRiskMember"
      decimals="-3"
      id="Tag2878"
      unitRef="USD">-77853000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20221231_UsDollarBrazilianRealForeignExchangeRiskMember"
      decimals="-3"
      id="Tag2813"
      unitRef="USD">-94856000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20211231_UsDollarBrazilianRealForeignExchangeRiskMember"
      decimals="-3"
      id="Tag2832"
      unitRef="USD">-32738000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20221231_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember"
      decimals="-5"
      id="Tag2718"
      unitRef="USD">1300000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20211231_OnePercentChangeArgentinePesoUsDollarForeignExchangeRiskMember"
      decimals="-6"
      id="Tag2549"
      unitRef="USD">1000000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20221231_OnePercentChangeEuroUsDollarForeignExchangeRiskMember"
      decimals="-5"
      id="Tag2721"
      unitRef="USD">400000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20211231_OnePercentChangeEuroUsDollarForeignExchangeRiskMember"
      decimals="-5"
      id="Tag2775"
      unitRef="USD">100000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20221231_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember"
      decimals="-5"
      id="Tag37"
      unitRef="USD">900000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20211231_OnePercentChangeBrazilianRealUsDollarForeignExchangeRiskMember"
      decimals="-5"
      id="Tag2616"
      unitRef="USD">300000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20221231_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember"
      decimals="-6"
      id="Tag2764"
      unitRef="USD">4000000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20221231_ForeignExchangeDerivativesContractsMember_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember"
      decimals="-5"
      id="Tag2855"
      unitRef="USD">200000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:CTAForeignExchangeRiskCurrencyExposure
      contextRef="D20221231_3"
      decimals="-5"
      id="Tag2824"
      unitRef="USD">900000</ts:CTAForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20211231_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember"
      decimals="-5"
      id="Tag2732"
      unitRef="USD">3100000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:ForeignExchangeRiskCurrencyExposure
      contextRef="I20211231_ForeignExchangeDerivativesContractsMember_OnePercentChangeAllForeignExchangeExposureVsUSDDollarForeignExchangeRiskMember"
      decimals="-5"
      id="Tag3042"
      unitRef="USD">500000</ts:ForeignExchangeRiskCurrencyExposure>
    <ts:CTAForeignExchangeRiskCurrencyExposure
      contextRef="D20211231_3"
      decimals="-5"
      id="Tag2548"
      unitRef="USD">200000</ts:CTAForeignExchangeRiskCurrencyExposure>
    <ifrs-full:DisclosureOfFinancialInstrumentsByTypeOfInterestRateExplanatory contextRef="D20221231_3" id="Tag2909">&lt;table cellpadding="0" style="height: 83px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; As of December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; In thousands of U.S. dollars &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; In thousands of U.S. dollars &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 56%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Fixed rate &lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;497,889&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;68&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;187,036&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;57&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Variable rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;230,873&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;32&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;143,897&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;43&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"&gt;%&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; 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      unitRef="USD">34700000</ifrs-full:CurrentTradeReceivables>
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      contextRef="I20211231_AllowanceForDoubtfulAccountsTradeReceivablesMember"
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      decimals="-6"
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    <ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic
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      decimals="-6"
      id="Tag2891"
      unitRef="USD">6000000</ifrs-full:RiskExposureAssociatedWithInstrumentsSharingCharacteristic>
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    <ts:MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature
      contextRef="D20221231_CommodityPriceRiskMember"
      id="Tag2677">P1Y</ts:MaximumPeriodOfFixedPriceOfCommoditiesForShortTermNature>
    <ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory contextRef="D20221231_3" id="Tag2913">&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 424px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; border-color: #000000; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 13px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 23px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Carrying amount &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Measurement Categories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At Fair Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Amortized Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; FVOCI &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; FVPL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 1&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 22%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Cash and cash equivalents &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,091,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;668,668&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;422,859&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;422,859&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Other investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;438,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;196,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;182,988&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;59,308&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;242,296&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt 0pt 0pt 8.7pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Fixed income (time-deposit, zero coupon bonds, commercial papers) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;196,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;196,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Certificates of deposits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;36,167&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;36,167&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Commercial papers &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;19,785&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;19,785&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other notes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;140,200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;140,200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;211,953&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;182,988&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;28,965&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;211,953&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-U.S. government securities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;108,310&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;79,345&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;28,965&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;108,310&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Corporates securities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;103,643&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;103,643&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;103,643&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Mutual Fund &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;30,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;30,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;30,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Derivative financial instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Other Investments Non-current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;119,902&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Receivables C and NC &lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;395,531&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;105,397&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;154,056&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;105,397&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other receivables (non-financial) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;241,475&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;3,464,157&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;345,221&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;519,300&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;778,729&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;54,987&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Borrowings C and NC &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Trade payables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,179,457&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,179,457&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Lease Liabilities C and NC &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;112,177&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;112,177&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Derivative financial instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,020,396&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"&gt;&lt;span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;span&gt; Includes balances related to interest in Venezuelan companies. See note &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;34&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"/&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 452px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Carrying amount &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Measurement Categories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At Fair Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Amortized Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; FVOCI &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; FVPL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 1&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Level 3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px; width: 22%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Cash and cash equivalents &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;318,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;212,430&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;105,697&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;105,697&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Other investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;397,849&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;239,742&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff; margin-left: 0.1px;"&gt;&lt;td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Fixed income (time-deposit, zero coupon bonds, commercial papers) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;239,742&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;239,742&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Certificates of deposits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;94,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;94,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding: 0px 7px 0px 12px; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Commercial papers &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;30,062&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;30,062&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other notes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;115,266&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;115,266&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-U.S. government securities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;10,660&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;10,660&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;10,660&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Corporates securities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;147,447&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;147,447&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;147,447&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Derivative financial instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Other Investments Non-current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;320,254&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Receivables C and NC &lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;302,164&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;85,220&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;133,879&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;85,220&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-indent: 12pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other receivables (non-financial) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;168,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,836,464&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;519,385&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;124,647&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;576,423&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;56,294&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Liabilities&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Borrowings C and NC &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Trade payables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;845,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;845,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Lease Liabilities C and NC &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;117,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;117,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; Derivative financial instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,293,474&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; 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font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 4pt 0pt 0pt; text-indent: 0pt;"&gt;&lt;span style="font-size: 9pt; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;Includes balances related to interest in Venezuelan companies. See note &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;34&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory>
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    <ifrs-full:DisclosureOfFairValueMeasurementExplanatory contextRef="D20221231_3" id="Tag2910">&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 102px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;56,294&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;56,319&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (Decrease) / increase &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,126&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;219&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment and others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (181&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (244&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;54,987&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;56,294&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfFairValueMeasurementExplanatory>
    <ifrs-full:FinancialAssets
      contextRef="I20211231_Level3OfFairValueHierarchyMember"
      decimals="-3"
      id="Tag2803"
      unitRef="USD">56294000</ifrs-full:FinancialAssets>
    <ifrs-full:FinancialAssets
      contextRef="I20201231_Level3OfFairValueHierarchyMember"
      decimals="-3"
      id="Tag2822"
      unitRef="USD">56319000</ifrs-full:FinancialAssets>
    <ifrs-full:IncreaseDecreaseInFairValueMeasurementAssets
      contextRef="D20221231_Level3OfFairValueHierarchyMember"
      decimals="-3"
      id="Tag2735"
      unitRef="USD">-1126000</ifrs-full:IncreaseDecreaseInFairValueMeasurementAssets>
    <ifrs-full:IncreaseDecreaseInFairValueMeasurementAssets
      contextRef="D20211231_Level3OfFairValueHierarchyMember"
      decimals="-3"
      id="Tag2598"
      unitRef="USD">219000</ifrs-full:IncreaseDecreaseInFairValueMeasurementAssets>
    <ts:CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets
      contextRef="D20221231_Level3OfFairValueHierarchyMember"
      decimals="-3"
      id="Tag2779"
      unitRef="USD">-181000</ts:CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets>
    <ts:CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets
      contextRef="D20211231_Level3OfFairValueHierarchyMember"
      decimals="-3"
      id="Tag2568"
      unitRef="USD">-244000</ts:CurrencyTranslationAdjustmentAndOthersFairValueMeasurementAssets>
    <ifrs-full:FinancialAssets
      contextRef="I20221231_Level3OfFairValueHierarchyMember"
      decimals="-3"
      id="Tag2588"
      unitRef="USD">54987000</ifrs-full:FinancialAssets>
    <ifrs-full:FinancialAssets
      contextRef="I20211231_Level3OfFairValueHierarchyMember"
      decimals="-3"
      id="Tag2821"
      unitRef="USD">56294000</ifrs-full:FinancialAssets>
    <ts:FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue
      contextRef="I20221231"
      decimals="3"
      id="Tag2682"
      unitRef="Pure">0.992</ts:FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue>
    <ts:FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue
      contextRef="I20211231"
      decimals="3"
      id="Tag2686"
      unitRef="Pure">0.996</ts:FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue>
    <ifrs-full:ReserveOfCashFlowHedgesContinuingHedges
      contextRef="I20221231"
      decimals="-5"
      id="Tag2842"
      unitRef="USD">13100000</ifrs-full:ReserveOfCashFlowHedgesContinuingHedges>
    <ifrs-full:ReserveOfCashFlowHedgesContinuingHedges
      contextRef="I20211231"
      decimals="-5"
      id="Tag2856"
      unitRef="USD">1300000</ifrs-full:ReserveOfCashFlowHedgesContinuingHedges>
    <ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory contextRef="D20221231_3" id="Tag780">&lt;p style="line-height: 1.2; margin: 0pt; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366; line-height: inherit;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-weight: bold; margin-left: 30px; line-height: inherit;"&gt;Segment information&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;As mentioned in section II.C, the Segment Information is disclosed as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;Reportable operating segments&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; text-indent: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;(All amounts in millions of U.S. dollars)&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div&gt;&lt;table cellpadding="0" style="height: 238px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100.002%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Tubes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Management view - operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,772&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;75&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,847&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Difference in cost of sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;44&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in selling, general and administrative expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in other operating income (expenses), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;74&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,963&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Financial income (expense), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Income before equity in earnings of non-consolidated companies and income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,957&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Equity in earnings of non-consolidated companies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;209&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Income before income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,166&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - Net Sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;630&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,763&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;588&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;608&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div id="t_ft_NSKWDQVLTS00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100.001%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Tubes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Management view - operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;178&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;65&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;243&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Difference in cost of sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;473&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in other operating income (expenses), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (8&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;708&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Financial income (expense), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;23&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Income before equity in earnings of non-consolidated companies and income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;731&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Equity in earnings of non-consolidated companies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;513&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Income before income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,243&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - Net Sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,521&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;575&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;595&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div id="t_ft_LAA2DWAXMO00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2020 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Tubes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Management view - operating (loss) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (277&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (50&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (327&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Difference in cost of sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (134&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in selling, general and administrative expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in other operating income (expenses), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - operating (loss) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (663&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Financial income (expense), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (65&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; (Loss) before equity in earnings of non-consolidated companies and income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (728&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Equity in earnings of non-consolidated companies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;109&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; (Loss) before income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - Net Sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,844&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;303&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,147&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;661&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;18&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;679&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;p style="margin:0pt"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/div&gt;&lt;/div&gt;&lt;div&gt;&lt;div id="t_ft_UYSN92L2LS00000000000000000000b"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit; color: #000000;"&gt;Transactions between segments, which were eliminated in consolidation, are mainly related to sales of scrap, energy, surplus raw materials and others from the Other segment to the Tubes segment for $77.9 million, $45.6 million and $16.9 million in 2022, 2021 and 2020, respectively.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;There are no material differences between IFRS and management view in total revenues and by reportable segments.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;The differences between operating income under IFRS view and the management view are mainly related to the cost of goods sold, reflecting the effect of raw materials prices increases on the valuation of the replacement cost considered for management view compared to IFRS cost calculated at historical cost on a FIFO basis, and other minor timing differences. &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;The main difference in &lt;span style="font-style: italic; line-height: inherit;"&gt;Other operating income (expenses)&lt;/span&gt;, for the year ended December 31, 2022, is attributable to the effect of the reclassification of the currency translation adjustment reserve related to NKK Tubes&#x2019; definitive cease of operations, not impacting the management view. For the year ended in December 31, 2020, the main difference in &lt;span style="font-style: italic; line-height: inherit;"&gt;Other operating income (expenses)&lt;/span&gt; is attributable to the impairment of the goodwill, which residual value in the management view differed from IFRS.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;In addition to the amounts reconciled above, the main differences in net income arise from the impact of functional currencies on financial result, deferred income taxes as well as the result of investment in non-consolidated companies.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div&gt;&lt;div id="t_ft_7CI0E6MZHC00000000000000000000b"/&gt;&lt;/div&gt;&lt;div id="fs_ZV153G1SNK00000000000000000000B"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; color: #000000; line-height: inherit;"&gt;Geographical information&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 430px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 22px;"&gt;&lt;td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; height: 22px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; North America &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; South America &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Europe &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 10.3076%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Middle East &amp;amp; Africa &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Asia Pacific &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-weight: bold; margin: 0pt; line-height: inherit;"&gt;Unallocated &lt;/span&gt;&lt;sup&gt;&lt;span style="font-weight: bold; vertical-align: super; margin: 0pt; line-height: inherit;"&gt;(*)&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; width: 29.3433%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Net sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,902,787&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,550,402&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,000,833&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,031,106&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;277,398&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,762,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;9,018,386&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,896,403&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2,071,624&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;739,579&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;283,608&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;1,540,646&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;17,550,246&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,371,717&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;583,223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;202,753&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;249,637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;86,610&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Property, plant and equipment, net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,548,844&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,031,423&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;706,539&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;189,701&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;79,756&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,556,263&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Capital expenditures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;118,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;176,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;62,143&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,813&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;18,398&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;378,446&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;348,550&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;125,324&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;76,631&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;37,612&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;19,606&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;607,723&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Net sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,360,345&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,311,279&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;742,463&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;857,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;250,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,521,207&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;7,992,946&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,399,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,727,573&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;581,204&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;364,486&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,383,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,449,431&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;652,483&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;234,800&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;180,515&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;146,125&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;85,149&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Property, plant and equipment, net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,805,912&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;984,413&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;742,461&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;221,859&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;70,156&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,824,801&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Capital expenditures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;106,118&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;63,723&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;43,344&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,689&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;19,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;239,518&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;307,116&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;125,781&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;89,667&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;41,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;30,629&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;594,721&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2020 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Net sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,179,949&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;776,235&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;642,793&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,227,532&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;320,225&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,146,734&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,071,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,868,458&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,461,738&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;804,559&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;552,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;957,352&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,716,189&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;411,692&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;115,972&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;139,427&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;210,194&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;90,863&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;968,148&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Property, plant and equipment, net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,971,101&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,050,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;823,057&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;242,939&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;105,465&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,193,181&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Capital expenditures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;71,531&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;63,111&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;39,691&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;10,452&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,537&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;193,322&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;408,546&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;106,827&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;84,518&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;44,259&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;34,656&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;678,806&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 9pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'Frutiger 45 Light'; color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;(*)&lt;/span&gt;&#160;&lt;/span&gt;&lt;/sup&gt;&lt;span&gt;For 2022, 2021 and 2020 includes &lt;span style="font-style: italic; line-height: inherit;"&gt;Investment&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;s in non-consolidated companies&lt;/span&gt;. See note 13 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 8pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;There are no revenues from external customers attributable to the Company&#x2019;s country of incorporation (Luxembourg). &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;The principal countries from which the Company derives its revenues are USA (42%), Argentina (13%), Mexico (&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;10&lt;/span&gt;%), Canada, Colombia and Italy.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Revenue is mainly recognized at a point in time to direct customers, when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer. Revenues related to governmental institutions represent approximately 22%, 23% and 24% in 2022, 2021 and 2020 respectively.&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Tubes segment revenues by market:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;(All amounts in millions of U.S. dollars)&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 85px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Revenues Tubes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;div id="fs_70W1P6SE4000000000000000000000B"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Oil &amp;amp; Gas &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 9,543&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,895&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Oil &amp;amp; Gas processing plants &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 738&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 459&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 407&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Industrial, Power and Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 852&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 640&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 415&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,844&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;At December 31, 2022, 2021 and 2020, the Company recognized contract liabilities related to customer advances in the amount of $242.9 million, $92.4 million and $48.7 million, respectively. Each of these amounts are reclassified to revenues during the subsequent years. In these periods, no significant adjustments in revenues were performed related to previously satisfied performance obligations.&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory>
    <ifrs-full:DisclosureOfOperatingSegmentsExplanatory contextRef="D20221231_3" id="Tag3124">&lt;div&gt;&lt;table cellpadding="0" style="height: 238px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100.002%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Tubes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Management view - operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,772&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;75&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,847&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Difference in cost of sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;44&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in selling, general and administrative expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in other operating income (expenses), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;74&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,963&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Financial income (expense), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Income before equity in earnings of non-consolidated companies and income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,957&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Equity in earnings of non-consolidated companies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;209&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Income before income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,166&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - Net Sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;630&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,763&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;588&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;608&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div id="t_ft_NSKWDQVLTS00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100.001%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Tubes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Management view - operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;178&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;65&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;243&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Difference in cost of sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;473&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in other operating income (expenses), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (8&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;708&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Financial income (expense), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;23&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Income before equity in earnings of non-consolidated companies and income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;731&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Equity in earnings of non-consolidated companies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;513&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Income before income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,243&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - Net Sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,521&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;575&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt;20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;595&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div id="t_ft_LAA2DWAXMO00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2020 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Tubes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Management view - operating (loss) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (277&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (50&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (327&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Difference in cost of sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (134&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in selling, general and administrative expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Differences in other operating income (expenses), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; IFRS - operating (loss) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (663&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Financial income (expense), net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (65&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; (Loss) before equity in earnings of non-consolidated companies and income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (728&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Equity in earnings of non-consolidated companies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;109&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; (Loss) before income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; 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    <ifrs-full:DisclosureOfGeographicalAreasExplanatory contextRef="D20221231_3" id="Tag3125">&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 430px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 22px;"&gt;&lt;td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; height: 22px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; North America &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; South America &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Europe &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 10.3076%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Middle East &amp;amp; Africa &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Asia Pacific &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-weight: bold; margin: 0pt; line-height: inherit;"&gt;Unallocated &lt;/span&gt;&lt;sup&gt;&lt;span style="font-weight: bold; vertical-align: super; margin: 0pt; line-height: inherit;"&gt;(*)&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 22px; width: 0.997506%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; width: 29.3433%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Net sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,902,787&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,550,402&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,000,833&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,031,106&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;277,398&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,762,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;9,018,386&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,896,403&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2,071,624&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;739,579&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;283,608&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;1,540,646&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;17,550,246&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,371,717&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;583,223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;202,753&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;249,637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;86,610&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Property, plant and equipment, net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,548,844&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,031,423&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;706,539&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;189,701&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;79,756&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,556,263&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Capital expenditures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;118,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;176,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;62,143&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,813&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;18,398&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;378,446&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;348,550&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;125,324&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;76,631&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;37,612&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;19,606&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;607,723&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Net sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,360,345&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,311,279&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;742,463&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;857,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;250,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,521,207&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;7,992,946&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,399,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,727,573&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;581,204&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;364,486&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,383,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,449,431&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;652,483&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;234,800&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;180,515&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;146,125&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;85,149&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Property, plant and equipment, net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,805,912&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;984,413&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;742,461&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;221,859&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;70,156&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,824,801&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Capital expenditures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;106,118&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;63,723&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;43,344&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,689&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;19,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;239,518&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;307,116&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;125,781&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;89,667&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;41,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;30,629&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;594,721&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2020 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Net sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,179,949&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;776,235&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;642,793&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,227,532&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;320,225&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,146,734&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,071,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,868,458&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,461,738&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;804,559&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;552,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;957,352&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,716,189&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;411,692&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;115,972&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;139,427&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;210,194&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;90,863&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;968,148&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Property, plant and equipment, net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,971,101&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,050,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;823,057&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;242,939&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;105,465&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;6,193,181&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Capital expenditures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;71,531&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;63,111&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;39,691&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;10,452&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,537&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;193,322&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation and amortization &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;408,546&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;106,827&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;84,518&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;44,259&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;34,656&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;678,806&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfGeographicalAreasExplanatory>
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    <ts:SegmentRevenuesByMarketExplanatory contextRef="D20221231_3" id="Tag3011">&lt;table cellpadding="0" style="height: 85px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Revenues Tubes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;div id="fs_70W1P6SE4000000000000000000000B"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Oil &amp;amp; Gas &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 9,543&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,895&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 4,022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Oil &amp;amp; Gas processing plants &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 738&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 459&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 407&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Industrial, Power and Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 852&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 640&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 415&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,844&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:SegmentRevenuesByMarketExplanatory>
    <ifrs-full:Revenue
      contextRef="D20221231_TubesMember_OilAndGasMember"
      decimals="-6"
      id="Tag495"
      unitRef="USD">9543000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20211231_TubesMember_OilAndGasMember"
      decimals="-6"
      id="Tag649"
      unitRef="USD">4895000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20201231_TubesMember_OilAndGasMember"
      decimals="-6"
      id="Tag1927"
      unitRef="USD">4022000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20221231_TubesMember_OilAndGasProcessingPlantsMember"
      decimals="-6"
      id="Tag243"
      unitRef="USD">738000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20211231_TubesMember_OilAndGasProcessingPlantsMember"
      decimals="-6"
      id="Tag500"
      unitRef="USD">459000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20201231_TubesMember_OilAndGasProcessingPlantsMember"
      decimals="-6"
      id="Tag1940"
      unitRef="USD">407000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20221231_IndustrialAndOtherMember_TubesMember"
      decimals="-6"
      id="Tag694"
      unitRef="USD">852000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20211231_IndustrialAndOtherMember_TubesMember"
      decimals="-6"
      id="Tag1935"
      unitRef="USD">640000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20201231_IndustrialAndOtherMember_TubesMember"
      decimals="-6"
      id="Tag513"
      unitRef="USD">415000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20221231_TubesMember"
      decimals="-6"
      id="Tag505"
      unitRef="USD">11133000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20211231_TubesMember"
      decimals="-6"
      id="Tag2923"
      unitRef="USD">5994000000</ifrs-full:Revenue>
    <ifrs-full:Revenue
      contextRef="D20201231_TubesMember"
      decimals="-6"
      id="Tag636"
      unitRef="USD">4844000000</ifrs-full:Revenue>
    <ifrs-full:ContractLiabilities
      contextRef="I20221231"
      decimals="-5"
      id="Tag559"
      unitRef="USD">242900000</ifrs-full:ContractLiabilities>
    <ifrs-full:ContractLiabilities
      contextRef="I20211231"
      decimals="-5"
      id="Tag606"
      unitRef="USD">92400000</ifrs-full:ContractLiabilities>
    <ifrs-full:ContractLiabilities
      contextRef="I20201231"
      decimals="-5"
      id="Tag515"
      unitRef="USD">48700000</ifrs-full:ContractLiabilities>
    <ifrs-full:DisclosureOfCostOfSalesExplanatory contextRef="D20221231_3" id="Tag864">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"&gt;&lt;span style="font-size: 10pt; font-family: &amp;quot;times new roman&amp;quot;, times; color: rgb(0, 51, 102); line-height: inherit;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-weight: bold; margin-left: 30px; line-height: inherit;"&gt;Cost of sales&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_B0E7ZD8XGW00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 317px; width: 100.001%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Inventories at the beginning of the year&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,672,593&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,636,673&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,265,880&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Increase in inventory due to business combinations &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;199,589&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Decrease in inventory due to sale of subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (10,662&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Plus: Charges of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Raw materials, energy, consumables and other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,772,031&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,841,551&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,545,688&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Services and fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;293,490&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;208,472&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;154,976&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;Labor cost&#160;&lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,160,085&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;824,071&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;757,359&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation of property, plant and equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;465,849&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;448,843&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;503,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Amortization of intangible assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,754&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;7,645&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,121&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation of right-of-use assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;33,244&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;35,910&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;40,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Maintenance expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;267,294&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;129,350&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;107,764&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Allowance for obsolescence &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;24,901&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;23,296&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;35,809&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Taxes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;194,736&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;40,887&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;45,162&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;178,691&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;98,159&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;59,790&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,402,075&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,647,522&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,458,110&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Less: Inventories at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (3,986,929&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (2,672,593&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,636,673&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 18px; background-color: #cceeff;"&gt;&lt;td style="height: 18px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;7,087,739&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,611,602&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,087,317&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'Frutiger 45 Light'; color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;(*)&lt;/span&gt;&#160;&lt;/span&gt;&lt;/sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#160;For the &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;year&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; ended December 202&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;, 202&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; and 20&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;20&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;, labor cost includes approximately &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;17.8&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#160;million, &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;12.8&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#160;million&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; and&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; $&lt;/span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;81.3&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#160;million respectively of severance indemnities related to the adjustment of the workforce to market conditions.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfCostOfSalesExplanatory>
    <ts:DisclosureOfDetailedInformationAboutCostOfSalesTextBlock contextRef="D20221231_3" id="Tag863">&lt;div id="t_ft_B0E7ZD8XGW00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 317px; width: 100.001%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Inventories at the beginning of the year&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,672,593&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,636,673&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,265,880&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 65%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Increase in inventory due to business combinations &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;199,589&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Decrease in inventory due to sale of subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (10,662&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Plus: Charges of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Raw materials, energy, consumables and other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,772,031&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,841,551&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,545,688&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Services and fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;293,490&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;208,472&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;154,976&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;Labor cost&#160;&lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,160,085&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;824,071&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;757,359&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation of property, plant and equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;465,849&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;448,843&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;503,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Amortization of intangible assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;11,754&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;7,645&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,121&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation of right-of-use assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;33,244&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;35,910&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;40,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Maintenance expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;267,294&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;129,350&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;107,764&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Allowance for obsolescence &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;24,901&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;23,296&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;35,809&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Taxes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;194,736&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;40,887&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;45,162&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;178,691&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;98,159&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;59,790&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,402,075&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,647,522&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;3,458,110&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Less: Inventories at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (3,986,929&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (2,672,593&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,636,673&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 18px; background-color: #cceeff;"&gt;&lt;td style="height: 18px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;7,087,739&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,611,602&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,087,317&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'Frutiger 45 Light'; color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;(*)&lt;/span&gt;&#160;&lt;/span&gt;&lt;/sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#160;For the &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;year&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; ended December 202&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;, 202&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; and 20&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;20&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;, labor cost includes approximately &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;17.8&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#160;million, &lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;12.8&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#160;million&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; and&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt; $&lt;/span&gt;&lt;span style="border-right: none; border-left: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;81.3&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: normal; line-height: inherit;"&gt;&#160;million respectively of severance indemnities related to the adjustment of the workforce to market conditions.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ts:DisclosureOfDetailedInformationAboutCostOfSalesTextBlock>
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      unitRef="USD">178691000</ts:CostOfSalesOther>
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    <ifrs-full:CostOfSales
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    <ts:CostOfSalesLaborCostSeveranceCharges
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    <ts:CostOfSalesLaborCostSeveranceCharges
      contextRef="D20211231_3"
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    <ts:CostOfSalesLaborCostSeveranceCharges
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    <ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory contextRef="D20221231_3" id="Tag1980">&lt;p style="margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366; line-height: inherit;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;3&lt;/span&gt;&lt;span style="font-weight: bold; margin-left: 30px; line-height: inherit;"&gt;Selling, general and administrative expenses&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_HRXKC3PZI800000000000000000000b"&gt;&lt;table border="0" cellpadding="0" style="width: 100%; border-collapse: collapse; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt; height: 22px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="7" style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"&gt;&lt;p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;b&gt;&lt;span style="line-height: inherit;"&gt;Year ended December 31,&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"&gt;&lt;p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;b&gt;&lt;span style="line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"&gt;&lt;p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;b&gt;&lt;span style="line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"&gt;&lt;p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;b&gt;&lt;span style="line-height: inherit;"&gt;2020&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; width: 64%; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Services and fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;148,331&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;115,303&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;115,883&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="top"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Labor cost &lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;518,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;426,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;444,436&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Depreciation of property, plant and equipment&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;21,883&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;22,924&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;26,814&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Amortization of intangible assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;59,018&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;63,874&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;82,355&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="top"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Depreciation of right-of-use assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;15,975&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;15,525&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;17,664&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Commissions, freight and other selling expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;641,812&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;415,895&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;310,815&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Provisions for contingencies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;20,606&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;24,998&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;11,957&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; (223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; (4,297&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;4,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Taxes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;121,410&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;78,800&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;63,234&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;87,263&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;47,133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;41,425&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom"/&gt;&lt;td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; background: #cceeff; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;b&gt;&lt;span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;1,634,575&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;b&gt;&lt;span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;1,206,569&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;b&gt;&lt;span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;1,119,227&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify; font-size: 9pt;"&gt;&lt;span style="font-family: 'Times New Roman', 'serif'; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;(*)&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;For the year ended December 2022, 2021&lt;/span&gt; and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2020&lt;/span&gt;, labor cost includes approximately $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;11.2&lt;/span&gt; million, $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;15.8&lt;/span&gt; million and $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;61.2&lt;/span&gt; million respectively of severance indemnities related to the adjustment of the workforce to market conditions.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory>
    <ts:DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock contextRef="D20221231_3" id="Tag1979">&lt;div id="t_ft_HRXKC3PZI800000000000000000000b"&gt;&lt;table border="0" cellpadding="0" style="width: 100%; border-collapse: collapse; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt; height: 22px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="7" style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"&gt;&lt;p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;b&gt;&lt;span style="line-height: inherit;"&gt;Year ended December 31,&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"&gt;&lt;p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;b&gt;&lt;span style="line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"&gt;&lt;p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;b&gt;&lt;span style="line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top"&gt;&lt;p style="text-align: center; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;b&gt;&lt;span style="line-height: inherit;"&gt;2020&lt;/span&gt;&lt;/b&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; width: 64%; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Services and fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;148,331&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;115,303&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;115,883&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="top"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;Labor cost &lt;span style="font-size: 8pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;518,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;426,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;444,436&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Depreciation of property, plant and equipment&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;21,883&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;22,924&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;26,814&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Amortization of intangible assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;59,018&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;63,874&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;82,355&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="top"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Depreciation of right-of-use assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;15,975&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;15,525&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;17,664&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Commissions, freight and other selling expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;641,812&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;415,895&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;310,815&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Provisions for contingencies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;20,606&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;24,998&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;11,957&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; (223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; (4,297&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;4,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px; background-color: #cceeff;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Taxes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;121,410&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;78,800&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;63,234&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1px;"&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"&gt;&lt;p style="text-align: justify; margin: 0cm 0cm 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;87,263&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;47,133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; line-height: inherit;"&gt;41,425&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0cm 5.4pt; height: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom"/&gt;&lt;td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; background: #cceeff; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;b&gt;&lt;span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;1,634,575&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;b&gt;&lt;span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;1,206,569&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom"&gt;&lt;p style="text-align: right; margin: 0px; font-size: 12pt; font-family: 'Times New Roman', 'serif'; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;b&gt;&lt;span style="font-size: 9pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;1,119,227&lt;/span&gt;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="border-left: none; border-right: none; padding: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify; font-size: 9pt;"&gt;&lt;span style="font-family: 'Times New Roman', 'serif'; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;(*)&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;For the year ended December 2022, 2021&lt;/span&gt; and &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2020&lt;/span&gt;, labor cost includes approximately $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;11.2&lt;/span&gt; million, $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;15.8&lt;/span&gt; million and $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;61.2&lt;/span&gt; million respectively of severance indemnities related to the adjustment of the workforce to market conditions.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ts:DisclosureOfDetailedInformationAboutSellingGeneralAndAdministrativeExpensesTextBlock>
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      unitRef="USD">310815000</ts:SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses>
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      decimals="-3"
      id="Tag1994"
      unitRef="USD">11957000</ts:SellingGeneralAndAdministrativeExpensesProvisionsForContingencies>
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      decimals="-3"
      id="Tag1993"
      unitRef="USD">-4297000</ts:SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts>
    <ts:SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts
      contextRef="D20201231"
      decimals="-3"
      id="Tag1990"
      unitRef="USD">4644000</ts:SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts>
    <ts:SellingGeneralAndAdministrativeExpensesTaxes
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      decimals="-3"
      id="Tag1992"
      unitRef="USD">121410000</ts:SellingGeneralAndAdministrativeExpensesTaxes>
    <ts:SellingGeneralAndAdministrativeExpensesTaxes
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    <ts:SellingGeneralAndAdministrativeExpensesOther
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      decimals="-3"
      id="Tag1987"
      unitRef="USD">87263000</ts:SellingGeneralAndAdministrativeExpensesOther>
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      unitRef="USD">41425000</ts:SellingGeneralAndAdministrativeExpensesOther>
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    <ifrs-full:DisclosureOfEmployeeBenefitsExplanatory contextRef="D20221231_3" id="Tag3159">&lt;p style="margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"&gt;&lt;span style="font-weight: bold;"&gt;4&lt;/span&gt;&lt;span style="font-weight: bold; margin-left: 30px;"&gt;Labor costs (included in Cost of sales and in Selling, general and administrative expenses)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_R3J9P88EJ400000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 129px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Wages, salaries and social security costs &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,594,200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,170,562&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,036,211&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Severance indemnities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;29,070&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;28,625&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;142,458&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Defined contribution plans &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;13,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;12,608&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;12,442&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Pension benefits - defined benefit plans &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;16,320&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;13,353&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;11,097&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Employee retention and long-term incentive program &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;25,739&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;25,337&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; (413&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 10px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;1,678,585&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;1,250,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;1,201,795&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times; color: #000000;"&gt;The following table shows the geographical distribution of the employees:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 9pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 222px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 18px;"&gt;&lt;td style="height: 18px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Argentina &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;6,444&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,169&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;4,376&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Mexico &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,919&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,474&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;4,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;3,509&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;2,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,596&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Italy &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;2,136&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;2,011&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;2,039&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Romania &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,847&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,552&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Brazil &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,460&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,817&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,360&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Colombia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,183&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,009&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;746&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Canada &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;944&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;758&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;561&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Indonesia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;495&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;521&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Japan &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;11&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;399&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,344&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,244&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,377&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;25,292&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;22,776&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;19,028&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;</ifrs-full:DisclosureOfEmployeeBenefitsExplanatory>
    <ts:DisclosureOfDetailedInformationAboutLaborCostsTextBlock contextRef="D20221231_3" id="Tag1147">&lt;div id="t_ft_R3J9P88EJ400000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 129px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Wages, salaries and social security costs &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,594,200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,170,562&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,036,211&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Severance indemnities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;29,070&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;28,625&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;142,458&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Defined contribution plans &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;13,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;12,608&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;12,442&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Pension benefits - defined benefit plans &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;16,320&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;13,353&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;11,097&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Employee retention and long-term incentive program &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;25,739&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;25,337&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; (413&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 10px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;1,678,585&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;1,250,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;1,201,795&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;</ts:DisclosureOfDetailedInformationAboutLaborCostsTextBlock>
    <ifrs-full:ShorttermEmployeeBenefitsExpense
      contextRef="D20221231_3"
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      id="Tag1178"
      unitRef="USD">1594200000</ifrs-full:ShorttermEmployeeBenefitsExpense>
    <ifrs-full:ShorttermEmployeeBenefitsExpense
      contextRef="D20211231_3"
      decimals="-3"
      id="Tag1161"
      unitRef="USD">1170562000</ifrs-full:ShorttermEmployeeBenefitsExpense>
    <ifrs-full:ShorttermEmployeeBenefitsExpense
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      id="Tag1187"
      unitRef="USD">1036211000</ifrs-full:ShorttermEmployeeBenefitsExpense>
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    <ifrs-full:TerminationBenefitsExpense
      contextRef="D20211231_3"
      decimals="-3"
      id="Tag1176"
      unitRef="USD">28625000</ifrs-full:TerminationBenefitsExpense>
    <ifrs-full:TerminationBenefitsExpense
      contextRef="D20201231"
      decimals="-3"
      id="Tag1159"
      unitRef="USD">142458000</ifrs-full:TerminationBenefitsExpense>
    <ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans
      contextRef="D20221231_3"
      decimals="-3"
      id="Tag1198"
      unitRef="USD">13256000</ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans>
    <ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans
      contextRef="D20211231_3"
      decimals="-3"
      id="Tag1184"
      unitRef="USD">12608000</ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans>
    <ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans
      contextRef="D20201231"
      decimals="-3"
      id="Tag1174"
      unitRef="USD">12442000</ifrs-full:PostemploymentBenefitExpenseDefinedContributionPlans>
    <ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans
      contextRef="D20221231_3"
      decimals="-3"
      id="Tag1157"
      unitRef="USD">16320000</ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans>
    <ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans
      contextRef="D20211231_3"
      decimals="-3"
      id="Tag1164"
      unitRef="USD">13353000</ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans>
    <ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans
      contextRef="D20201231"
      decimals="-3"
      id="Tag1182"
      unitRef="USD">11097000</ifrs-full:PostemploymentBenefitExpenseDefinedBenefitPlans>
    <ts:EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome
      contextRef="D20221231_3"
      decimals="-3"
      id="Tag1173"
      unitRef="USD">25739000</ts:EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome>
    <ts:EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome
      contextRef="D20211231_3"
      decimals="-3"
      id="Tag1172"
      unitRef="USD">25337000</ts:EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome>
    <ts:EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome
      contextRef="D20201231"
      decimals="-3"
      id="Tag1190"
      unitRef="USD">-413000</ts:EmployeeRetentionAndLongTermIncentiveProgramExpensesIncome>
    <ifrs-full:EmployeeBenefitsExpense
      contextRef="D20221231_3"
      decimals="-3"
      id="Tag1193"
      unitRef="USD">1678585000</ifrs-full:EmployeeBenefitsExpense>
    <ifrs-full:EmployeeBenefitsExpense
      contextRef="D20211231_3"
      decimals="-3"
      id="Tag1163"
      unitRef="USD">1250485000</ifrs-full:EmployeeBenefitsExpense>
    <ifrs-full:EmployeeBenefitsExpense
      contextRef="D20201231"
      decimals="-3"
      id="Tag1180"
      unitRef="USD">1201795000</ifrs-full:EmployeeBenefitsExpense>
    <ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory contextRef="D20221231_3" id="Tag3107">&lt;table cellpadding="0" style="height: 222px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 18px;"&gt;&lt;td style="height: 18px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Argentina &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;6,444&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,169&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;4,376&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Mexico &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,919&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,474&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;4,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;3,509&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;2,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,596&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Italy &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;2,136&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;2,011&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;2,039&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Romania &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,847&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,552&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Brazil &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,460&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,817&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,360&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Colombia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,183&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,009&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;746&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Canada &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;944&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;758&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;561&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Indonesia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;495&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;521&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Japan &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;11&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;399&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,344&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,244&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,377&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;25,292&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;22,776&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;19,028&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory>
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    <ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory contextRef="D20221231_3" id="Tag1136">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="color: #003366; font-family: 'times new roman', times;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;5&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Impairment charge&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;Tenaris&#x2019;s main source of revenue is the sale of products and services to the oil and gas industry, and the level of such sales is sensitive to international oil and gas prices and their impact on drilling activities.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;The Company conducts regular assessments of the carrying values of its assets. The &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;recoverable &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;value&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;i&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;s based on the value &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;in&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;use. The main key assumptions used in estimating the value in use are discount ra&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;te, growth rate and competitive,&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; economic &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;and regulatory &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;factors applied to determine cash flow projections, such as oil and gas prices, average number of active oil and gas drilling rigs (rig count) and raw material costs.&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; In December 2022, the &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;C&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;ompany conducted impairment tests,&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; and&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;also &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;reviewed and &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;impaired&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; the values of certain idle assets in its subsidiaries.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;For purposes of assessing key assumptions, to estimate discounted future cash flows, the Company uses external sources of information and management judgment based on past experience&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; and expectations&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;. &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;Management has determined the value of each of the key assumptions as follows:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;- Discount rate: based on the applicable weighted average cost of capital (&#x201c;WACC&#x201d;), which is considered to be a good indicator of capital cost, taking into account the industry, country and size of the business. For each CGU where assets are allocated, a specific WACC was determined. In 202&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;2&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;, the main discount rates used were in a range between 13.4&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;% and 20.2&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;%.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;- Growth rate: considers mainly the inflation impact on prices and costs, the long-term &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;evolution&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;of&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; the oil and gas industry, the higher demand to offset depletion- of existing fields and the Company&#x2019;s expected market penetration. In &lt;span style="border-left: none; border-right: none;"&gt;202&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;, a nominal growth rate of 2% was considered.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;- Oil and gas prices: based on industry analysts&#x2019; reports and&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;management&#x2019;s expectations of&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; market development&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;- Rig count: based on information published by Baker Hughes and management&#x2019;s expectations.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;- Raw material costs: based on industry analysts&#x2019; reports and management&#x2019;s expectations.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;In December 2022, &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;in the presence of &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;impairment indicator&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;s, the &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;C&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;ompany conducted impairment tests&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; and reviewed &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;the values &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;of&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;certain idle assets in its subsidiaries. The aforementioned analysis resulted &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;in impairment&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; charge&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;s&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; of&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; $&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;76.7&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;million&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;, &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;allocated&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; in $&lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;63.1&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;&#160;million to the Tubes segment &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;and $13.6 million to the Other s&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;egment&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10.5pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;In December, 2021, as a result of the expected termination of &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;the&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; NKKTubes joint venture&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;,&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;which represented an im&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;pairment indicator for its assets, an impairment test was conducted, resulting in &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;a &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;charge of $57 million&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; that &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;totally reduced&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; the carrying amounts of p&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;roperty, plant and equipment and intangible assets. &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;The total amount was allocated to the Tubes segment. &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;Remaining &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;carrying amounts a&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;fter the recognition of impairment charges amounted to $53 million&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; mainly related to working capital&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;. &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="color: #000000;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;For the year 2020 a charge of approximately $622 million, impacting the carrying value of goodwill of the CGUs OCTG-USA, IPSCO and Coiled Tubing for $225 million, $357 million and $4 million&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;respectively, and the carrying value of &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;property, plant and equipment&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; of the CGU Rods-USA for $36 million was recorded.&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt; Out of the total amount, $582 million were allocated to the Tubes segment.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory>
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    <ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory contextRef="D20221231_3" id="Tag1274">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"&gt;&lt;span style="color: rgb(0, 51, 102);"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"&gt;6&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Other operating income and expenses&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_064N9BOQOG00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 275px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 34.0267%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 20px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; width: 64.9331%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000;"&gt; Other operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Net income from other sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;28,161&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;10,694&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;9,891&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Net rents &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,084&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,314&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt;Reclassification of currency translation adjustment reserve &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;71,252&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt;Tax recovery in Brazilian subsidiaries &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(**)&lt;/sup&gt;&lt;/span&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;35,568&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;8,164&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt;Other &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(***)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;16,290&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;9,837&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Recovery on allowance for doubtful receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;104,497&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;68,245&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;33,393&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000;"&gt; Other operating expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Contributions to welfare projects and non-profit organizations &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;13,668&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;6,697&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;12,989&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt;Securities Exchange Commission investigation settlement &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(****)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;78,100&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Allowance for doubtful receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,263&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt; Other&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;12,595&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;104,709&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;6,697&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;14,252&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&#160;&lt;span&gt;During &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2022&lt;/span&gt;, as result of NKKTubes&#x2019; definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see note &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;35&lt;/span&gt; &#x201c;Other Relevant Information &lt;span style="font-style: italic; line-height: inherit;"&gt;&#x2013;&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;A&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;greement to terminate NKKTubes joint venture&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;&#x201d;&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;(**)&#160;&lt;/span&gt;&lt;/sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;span&gt;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 $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;53&lt;/span&gt; million tax credit in Brazilian subsidiaries, out of which $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;36&lt;/span&gt; million were recognized in other operating income and $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;17&lt;/span&gt; million in financial results (impacting in Finance Income and Finance Cost). In addition the tax charge related to this gain amounted to $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;12&lt;/span&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;(***)&lt;/span&gt;&lt;/sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&#160;&lt;span&gt;On November 1, 2021 the Company transferred &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;100&lt;/span&gt;% of the shares of Geneva Structural Tubes LLC (&#x201c;Geneva&#x201d;) to MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan for an aggregate price of $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;24.3&lt;/span&gt; million. The gain of this transaction ascended to approximately $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;6.8&lt;/span&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&lt;sup&gt;&lt;br/&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(****)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;span&gt;For more information see note &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;26&lt;/span&gt; &#x201c;Contingencies, commitments and restrictions to the distribution of profits - &lt;span style="font-style: italic; line-height: inherit;"&gt;Contingencies - Petrobras-related proceedings and claims&lt;/span&gt;&#x201d;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory>
    <ts:DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock contextRef="D20221231_3" id="Tag1259">&lt;div id="t_ft_064N9BOQOG00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 275px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 34.0267%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 20px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; width: 64.9331%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000;"&gt; Other operating income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Net income from other sales &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;28,161&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;10,694&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;9,891&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Net rents &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,084&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,314&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;5,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt;Reclassification of currency translation adjustment reserve &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;71,252&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt;Tax recovery in Brazilian subsidiaries &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(**)&lt;/sup&gt;&lt;/span&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;35,568&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;8,164&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt;Other &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(***)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;16,290&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;9,837&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Recovery on allowance for doubtful receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;104,497&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;68,245&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;33,393&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; color: #000000;"&gt; Other operating expenses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Contributions to welfare projects and non-profit organizations &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;13,668&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;6,697&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;12,989&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt;Securities Exchange Commission investigation settlement &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(****)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;78,100&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Allowance for doubtful receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;1,263&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt;"&gt; Other&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000;"&gt;12,595&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;104,709&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;6,697&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000;"&gt;14,252&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&#160;&lt;span&gt;During &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;2022&lt;/span&gt;, as result of NKKTubes&#x2019; definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see note &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;35&lt;/span&gt; &#x201c;Other Relevant Information &lt;span style="font-style: italic; line-height: inherit;"&gt;&#x2013;&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;A&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;greement to terminate NKKTubes joint venture&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;&#x201d;&lt;/span&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;(**)&#160;&lt;/span&gt;&lt;/sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;span&gt;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 $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;53&lt;/span&gt; million tax credit in Brazilian subsidiaries, out of which $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;36&lt;/span&gt; million were recognized in other operating income and $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;17&lt;/span&gt; million in financial results (impacting in Finance Income and Finance Cost). In addition the tax charge related to this gain amounted to $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;12&lt;/span&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;(***)&lt;/span&gt;&lt;/sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&#160;&lt;span&gt;On November 1, 2021 the Company transferred &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;100&lt;/span&gt;% of the shares of Geneva Structural Tubes LLC (&#x201c;Geneva&#x201d;) to MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan for an aggregate price of $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;24.3&lt;/span&gt; million. The gain of this transaction ascended to approximately $&lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;6.8&lt;/span&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&lt;sup&gt;&lt;br/&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(****)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;span&gt;For more information see note &lt;span style="border-left: none; border-right: none; line-height: inherit;"&gt;26&lt;/span&gt; &#x201c;Contingencies, commitments and restrictions to the distribution of profits - &lt;span style="font-style: italic; line-height: inherit;"&gt;Contingencies - Petrobras-related proceedings and claims&lt;/span&gt;&#x201d;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ts:DisclosureOfDetailedInformationAboutOtherOperatingIncomeAndExpensesTextBlock>
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      xsi:nil="true"/>
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    <ts:OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations
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    <ts:OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations
      contextRef="D20211231_3"
      decimals="-3"
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      contextRef="D20201231"
      decimals="-3"
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    <ts:OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement
      contextRef="D20221231_3"
      decimals="-3"
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      contextRef="D20211231_3"
      id="Tag1270"
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      xsi:nil="true"/>
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    <ts:OtherOperatingExpensesAllowanceForDoubtfulReceivables
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      xsi:nil="true"/>
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      contextRef="D20221231_3"
      decimals="-3"
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      contextRef="D20211231_3"
      decimals="-3"
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      unitRef="USD">6697000</ifrs-full:OtherExpenseByFunction>
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      decimals="-6"
      id="Tag1260"
      unitRef="USD">-53000000</ts:TaxExpenseCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity>
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      contextRef="D20210513_BR_SubsidiariesMember_1"
      decimals="-6"
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      unitRef="USD">36000000</ts:TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome>
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      contextRef="D20210513_BR_SubsidiariesMember_1"
      decimals="-6"
      id="Tag1269"
      unitRef="USD">12000000</ts:TaxExpenseOnGainFromTaxClaimsOfProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurity>
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    <ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory contextRef="D20221231_3" id="Tag862">&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; color: #003366; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;7&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;"&gt;Financial results&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div id="fs_1HLCP16FWG00000000000000000000B"&gt;&lt;div&gt;&lt;table cellpadding="0" style="height: 206px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="8" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 37.6488%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 16px; white-space: nowrap; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 61.6071%; padding: 0px 0px 0px 27px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Interest Income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;86,112&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;38,048&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;21,625&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Net result on changes in FV of financial assets at FVPL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,092&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Impairment result on financial assets at FVTOCI &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (3,238&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;Finance Income&#160;&lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;80,020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;38,048&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;18,387&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Finance cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (45,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (23,677&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (27,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Net foreign exchange transactions results &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(**)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;15,654&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;17,287&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (74,422&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Foreign exchange derivatives contracts results&lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;(***)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (25,666&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (7,966&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;19,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Other &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(****)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (30,108&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,026&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,590&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Other financial results&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (40,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,295&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (56,368&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Net financial results &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,040&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;22,666&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (64,995&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;(*)&#160;&lt;/span&gt;&lt;/sup&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Finance Income: &lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;, &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt; and &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2020&lt;/span&gt;&lt;/span&gt; includes $&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;33&lt;/span&gt;&lt;/span&gt; million, $&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;3.3&lt;/span&gt;&lt;/span&gt; million and $&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;6.5&lt;/span&gt;&lt;/span&gt; million of interest related to instruments carried at FVPL, respectively. &lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt; also includes a realized loss of $&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;10.5&lt;/span&gt;&lt;/span&gt; million related to the change in FV of certain financial instruments obtained in an operation of settlement of trade receivables.&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt; also includes $&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;18&lt;/span&gt;&lt;/span&gt; million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;6&lt;/span&gt;&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(**)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Net foreign exchange transactions results:&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt; mainly includes result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar, together with the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary.&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt; mainly includes the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary, together with the result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar. &lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2020&lt;/span&gt;&lt;/span&gt; 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. dollar, 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 reserve from our Brazilian subsidiaries. Also includes the negative result from the Mexican peso depreciation against the U.S. dollar on peso denominated trade, social, fiscal and financial positions at Mexican subsidiaries with functional currency U.S. dollar.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(***)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Foreign exchange derivatives contracts results:&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt; includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen.&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt; includes mainly losses on derivatives covering net liabilities in Euro and Japanese yen, partially offset by gains on derivatives covering net receivables in Brazilian real.&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2020&lt;/span&gt;&lt;/span&gt; includes mainly gain on derivatives covering net receivables in Mexican peso, Brazilian real and Canadian dollar and net payables in Euro.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(****)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Other:&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt; includes a loss of $&lt;span style="border-left: none; border-right: none;"&gt;29.8&lt;/span&gt; million related to the transfer of Argentine sovereign bonds paid as dividend in kind from an Argentinian subsidiary to its shareholders. For more information see note &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;28&lt;/span&gt;&lt;/span&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;</ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory>
    <ts:DisclosureOfDetailedInformationAboutFinancialIncomeCost contextRef="D20221231_3" id="Tag861">&lt;div id="fs_1HLCP16FWG00000000000000000000B"&gt;&lt;div&gt;&lt;table cellpadding="0" style="height: 206px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="8" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 37.6488%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center; color: #000000; line-height: inherit;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 16px; white-space: nowrap; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 61.6071%; padding: 0px 0px 0px 27px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Interest Income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;86,112&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;38,048&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;21,625&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Net result on changes in FV of financial assets at FVPL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,092&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Impairment result on financial assets at FVTOCI &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (3,238&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;Finance Income&#160;&lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;80,020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;38,048&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;18,387&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Finance cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (45,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (23,677&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (27,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Net foreign exchange transactions results &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(**)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;15,654&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;17,287&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (74,422&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Foreign exchange derivatives contracts results&lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;(***)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (25,666&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (7,966&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;19,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Other &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(****)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (30,108&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,026&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,590&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Other financial results&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (40,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,295&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (56,368&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Net financial results &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,040&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; 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&#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; (64,995&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;(*)&#160;&lt;/span&gt;&lt;/sup&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Finance Income: &lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;, &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; 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For more information, see note &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;6&lt;/span&gt;&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(**)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Net foreign exchange transactions results:&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt; mainly includes result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar, together with the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary.&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt; mainly includes the result from Euro depreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary, together with the result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar. &lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2020&lt;/span&gt;&lt;/span&gt; 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. dollar, 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 reserve from our Brazilian subsidiaries. Also includes the negative result from the Mexican peso depreciation against the U.S. dollar on peso denominated trade, social, fiscal and financial positions at Mexican subsidiaries with functional currency U.S. dollar.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(***)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Foreign exchange derivatives contracts results:&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt; includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen.&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt; includes mainly losses on derivatives covering net liabilities in Euro and Japanese yen, partially offset by gains on derivatives covering net receivables in Brazilian real.&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2020&lt;/span&gt;&lt;/span&gt; includes mainly gain on derivatives covering net receivables in Mexican peso, Brazilian real and Canadian dollar and net payables in Euro.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(****)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: italic; line-height: inherit;"&gt;Other:&lt;/span&gt;&lt;br/&gt;&lt;span style="color: #000000; line-height: inherit;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt; includes a loss of $&lt;span style="border-left: none; border-right: none;"&gt;29.8&lt;/span&gt; million related to the transfer of Argentine sovereign bonds paid as dividend in kind from an Argentinian subsidiary to its shareholders. 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      decimals="-3"
      id="Tag1005"
      unitRef="USD">8295000</ifrs-full:OtherFinanceIncomeCost>
    <ifrs-full:OtherFinanceIncomeCost
      contextRef="D20201231"
      decimals="-3"
      id="Tag933"
      unitRef="USD">-56368000</ifrs-full:OtherFinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost
      contextRef="D20221231_3"
      decimals="-3"
      id="Tag2938"
      unitRef="USD">-6040000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost
      contextRef="D20211231_3"
      decimals="-3"
      id="Tag1003"
      unitRef="USD">22666000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:FinanceIncomeCost
      contextRef="D20201231"
      decimals="-3"
      id="Tag932"
      unitRef="USD">-64995000</ifrs-full:FinanceIncomeCost>
    <ifrs-full:InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss
      contextRef="D20221231_3"
      decimals="-6"
      id="Tag892"
      unitRef="USD">33000000</ifrs-full:InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss>
    <ifrs-full:InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss
      contextRef="D20211231_3"
      decimals="-5"
      id="Tag891"
      unitRef="USD">3300000</ifrs-full:InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss>
    <ifrs-full:InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss
      contextRef="D20201231"
      decimals="-5"
      id="Tag890"
      unitRef="USD">6500000</ifrs-full:InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss>
    <ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss
      contextRef="D20221231_3"
      decimals="-5"
      id="Tag1004"
      unitRef="USD">-10500000</ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss>
    <ts:InterestIncomeOnTaxAssets
      contextRef="D20211231_3"
      decimals="-6"
      id="Tag888"
      unitRef="USD">18000000</ts:InterestIncomeOnTaxAssets>
    <ts:LossArisingFromDividendPaidInKind
      contextRef="D20221231_ArgentineSovereignBondsMember"
      decimals="-5"
      id="Tag893"
      unitRef="USD">29800000</ts:LossArisingFromDividendPaidInKind>
    <ifrs-full:DisclosureOfIncomeTaxExplanatory contextRef="D20221231_3" id="Tag1448">&lt;p style="line-height: 10pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; color: #003366;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;8&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Income t&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;ax&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.8235%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2020&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; Current tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; (589,706&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; (215,467&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; (121,048&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.951%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; Deferred tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; (27,530&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt;26,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt;97,898&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt; font-weight: bold;"&gt; Tax charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt; font-weight: bold;"&gt; (617,236&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;span style="font-weight: bold; font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt; font-weight: bold;"&gt; (189,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;span style="font-weight: bold; font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt; font-weight: bold;"&gt; (23,150&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;span style="font-weight: bold; font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times;"&gt;&lt;span style="font-size: 10pt;"&gt;The tax on &lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;Tenaris&#x2019;s&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; income before tax differs from the theoretical amount that would arise using the tax rate in each country as follows&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div id="t_ft_K7AC461LWG00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 204px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.9344%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2020&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income (loss) before income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,165,937&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,242,766&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (619,267&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Less impairment charges (non-deductible) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;57,075&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;622,402&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Income before income tax without impairment charges &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,165,937&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,299,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,135&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tax calculated at the tax rate in each country &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (705,727&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (209,765&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;21,052&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Effect of currency translation on tax base &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (187,186&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (76,043&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (72,936&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Changes in the tax rates &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,422&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (29,881) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (958&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Utilization of previously unrecognized tax losses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;29,560&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;966&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;98&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tax revaluation, withholding tax and others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;249,539&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;125,275&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;29,594&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Tax charges &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (617,236&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (189,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (23,150&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times;"&gt;&lt;span style="font-size: 10pt; font-style: italic;"&gt;Effect of currency translation on tax base,&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; Tenaris applies the liability method to recognize deferred income tax on temporary differences between the tax bases of assets / liabilities and their carrying amounts in the financial statements. By application of this method, Tenaris recognizes gains and losses on deferred income tax due to the effect of the change in the value on the tax bases in subsidiaries (mainly Argentina and Mexico), which have a functional currency different than their local currency. These gains and losses are required by IFRS even though the revalued / devalued tax bases of the relevant assets will not result in any deduction / obligation for tax purposes in future periods.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 8pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times;"&gt;&lt;span style="font-size: 10pt; font-style: italic;"&gt;Changes in the tax rates&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; includes mainly the effect of the increase in the corporate income tax rate in Argentina from 25% to 35% for fiscal years starting January 1, 2021.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times;"&gt;&lt;span style="font-size: 10pt; font-style: italic;"&gt;Tax revaluation, withholding tax and others,&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; includes a net tax income of &lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;$250&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;&#160;million, $113&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;&#160;million and $61&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; million for 202&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;, 202&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;1&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; and 20&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;20&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; respectively related to the tax revaluation regimes in Argentina and Mexico. It also includes a charge &lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;of $21&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;&#160;million, $23&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;&#160;million and $10&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;&#160;million for 202&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;, 202&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;1&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; and 20&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;20&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; respectively related to withholding taxes for intra-group international operations.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfIncomeTaxExplanatory>
    <ts:DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock contextRef="D20221231_3" id="Tag1447">&lt;table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.8235%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2020&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; Current tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; (589,706&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; (215,467&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; (121,048&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.951%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; Deferred tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt; (27,530&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt;26,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt;"&gt;97,898&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.951%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt; font-weight: bold;"&gt; Tax charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt; font-weight: bold;"&gt; (617,236&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;span style="font-weight: bold; font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt; font-weight: bold;"&gt; (189,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;span style="font-weight: bold; font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt; font-weight: bold;"&gt; (23,150&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"&gt;&lt;span style="font-weight: bold; font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutIncomeTaxExpenseBenefitTextBlock>
    <ifrs-full:CurrentTaxExpenseIncome
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      unitRef="USD">589706000</ifrs-full:CurrentTaxExpenseIncome>
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      unitRef="USD">121048000</ifrs-full:CurrentTaxExpenseIncome>
    <ifrs-full:DeferredTaxExpenseIncome
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      unitRef="USD">27530000</ifrs-full:DeferredTaxExpenseIncome>
    <ifrs-full:DeferredTaxExpenseIncome
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      id="Tag1512"
      unitRef="USD">-26019000</ifrs-full:DeferredTaxExpenseIncome>
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      unitRef="USD">-97898000</ifrs-full:DeferredTaxExpenseIncome>
    <ifrs-full:IncomeTaxExpenseContinuingOperations
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      unitRef="USD">617236000</ifrs-full:IncomeTaxExpenseContinuingOperations>
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      id="Tag1503"
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    <ifrs-full:IncomeTaxExpenseContinuingOperations
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      unitRef="USD">23150000</ifrs-full:IncomeTaxExpenseContinuingOperations>
    <ts:DisclosureOfDifferenceBetweenIncomeBeforeTaxAndTheTheoreticalAmountThatWouldAriseUsingTaxRateInEachCountryTextBlock contextRef="D20221231_3" id="Tag1415">&lt;div id="t_ft_K7AC461LWG00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 204px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.9344%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2020&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income (loss) before income tax &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,165,937&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,242,766&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (619,267&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Less impairment charges (non-deductible) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;57,075&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;622,402&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Income before income tax without impairment charges &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,165,937&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,299,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,135&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tax calculated at the tax rate in each country &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (705,727&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (209,765&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;21,052&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Effect of currency translation on tax base &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (187,186&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (76,043&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (72,936&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Changes in the tax rates &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,422&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (29,881) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (958&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"&gt;&lt;span style="font-size: 10pt;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Utilization of previously unrecognized tax losses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;29,560&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;966&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;98&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 64.918%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tax revaluation, withholding tax and others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;249,539&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; 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      unitRef="USDPerShare">0.28</ts:DividendsPaidPerAmericanDepositarySecurity>
    <ifrs-full:DividendsPaid
      contextRef="D20210526"
      decimals="-6"
      id="Tag3176"
      unitRef="USD">165000000</ifrs-full:DividendsPaid>
    <ifrs-full:DividendsPaid
      contextRef="D20210526_3"
      decimals="-6"
      id="Tag3167"
      unitRef="USD">248000000</ifrs-full:DividendsPaid>
    <ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory contextRef="D20221231_3" id="Tag1761">&lt;p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; color: #003366; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;10&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;Property, plant and equipment, net&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div id="t_ft_KFJPHC1LE800000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 309px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Land and &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;civil &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;buildings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Industrial &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;buildings, &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;plant&#160;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;and&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;production &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Vehicles, &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;furniture &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and fixtures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Work in &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;progress &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Spare parts &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;830,104&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,064,541&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;420,930&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;147,429&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;59,522&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,522,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,601&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (71,347&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,838&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;376&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (174&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (74,584&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Increase due to business combinations &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;187&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;187&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,271&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;734&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;334,912&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,150&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;346,067&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;9,829&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;184,915&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;16,221&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (227,153&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (16,188&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Disposals / Consumptions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (22,569&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (322,886&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (33,562&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (3,372&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (11,972&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (394,361&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;815,763&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;12,857,494&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;402,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;252,379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;55,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,383,647&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Depreciation and impairment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;139,941&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,199,724&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;353,639&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,697,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (289&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (51,283&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,756&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;130&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (53,198&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,577&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;432,648&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;21,022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;20,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;487,732&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Impairment charge (See note 5) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;75,722&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;321&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;76,043&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (21,506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (215&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (21,723&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Disposals / Consumptions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (955&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (321,334&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (32,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (359,195&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;152,272&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,313,971&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;340,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;20,615&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,827,384&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;663,491&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,543,523&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;61,959&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;252,379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;34,911&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,556,263&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt 0pt 0pt 35pt; text-align: justify; text-indent: -35pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;span style="border-right: none; border-left: none;"&gt;Related to Parques E&#xf3;licos de la Buena Ventura S.A. acquisition, for more information see note &lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;33&lt;/span&gt;&lt;span style="border-right: none; border-left: none;"&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"&gt;&lt;div id="t_ft_YRR9GQAXJ400000000000000000000b"/&gt;&lt;/div&gt;&lt;div id="t_ft_U1X18FGVAO00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 252px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 51px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 51px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; padding: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Land and &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;civil &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;buildings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Industrial &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;buildings, &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;plant &lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;production &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Vehicles, furniture &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and fixtures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Work in &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;progress &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Spare parts &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px; background-color: #cceeff; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;839,584&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,079,545&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;414,757&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;102,226&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;61,893&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,498,005&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (5,084&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (138,839&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (5,042&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (365&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (569&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (149,899&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;15,238&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,171&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;192,470&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;213,717&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;148,037&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;17,688&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (146,752&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;21,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Decrease due to sale of subsidiaries&lt;span style="font-size: 8pt;"&gt;&lt;sup&gt; (*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4,310&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (62&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4,572&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Disposals / Consumptions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,652&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (35,130&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (7,582&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (150&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,632&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (56,146&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;830,104&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,064,541&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;420,930&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;147,429&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;59,522&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,522,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Depreciation and impairment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;132,458&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;7,830,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;342,246&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,304,824&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,292&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (97,236&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4,621&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (103,149&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;9,736&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;440,316&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;21,715&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;471,767&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Impairment charge (See note 5) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;51,470&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;780&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;56,671&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Decrease due to sale of subsidiaries &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;567&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;53&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;620&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Disposals / Consumptions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (961&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (24,379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,428&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (31,768&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;139,941&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,199,724&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;353,639&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,697,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;690,163&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,864,817&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;67,291&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;147,429&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;55,101&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,824,801&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(*)&lt;/span&gt;&#160;Related to Geneva sale. See note 6 to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;See note 27 for a description of certain restricted assets with a carrying value of $56.2 million held in Saudi Arabia by the Company&#x2019;s subsidiary SSPC, in which Tenaris holds a 47.79%.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Property, plant and equipment include capitalized interests for net amounts at December 31, 2022 and 2021 of $30.4 million and $32 million, respectively. There were no new interests capitalized during 2022 and 2021. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Government grants recognized as a reduction of property, plant and equipment were immaterial for the years 2022 and 2021.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;The carrying amounts of assets pledged as security for current and non-current borrowings were immaterial for the years 2022 and 2021.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory>
    <ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory contextRef="D20221231_3" id="Tag1760">&lt;div id="t_ft_KFJPHC1LE800000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 309px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Land and &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;civil &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;buildings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Industrial &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;buildings, &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;plant&#160;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;and&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;production &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Vehicles, &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;furniture &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and fixtures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Work in &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;progress &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Spare parts &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;830,104&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,064,541&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;420,930&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;147,429&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;59,522&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,522,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,601&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (71,347&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,838&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;376&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (174&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (74,584&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Increase due to business combinations &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;187&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;187&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,271&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;734&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;334,912&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,150&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;346,067&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;9,829&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;184,915&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;16,221&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (227,153&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (16,188&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Disposals / Consumptions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (22,569&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (322,886&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (33,562&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (3,372&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (11,972&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (394,361&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;815,763&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;12,857,494&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;402,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;252,379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;55,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,383,647&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Depreciation and impairment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;139,941&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,199,724&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;353,639&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,697,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (289&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (51,283&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,756&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;130&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (53,198&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,577&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;432,648&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;21,022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;20,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;487,732&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Impairment charge (See note 5) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;75,722&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;321&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;76,043&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (21,506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (215&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (21,723&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Disposals / Consumptions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (955&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (321,334&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (32,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (359,195&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;152,272&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,313,971&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;340,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;20,615&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,827,384&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;663,491&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,543,523&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;61,959&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;252,379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;34,911&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;5,556,263&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt 0pt 0pt 35pt; text-align: justify; text-indent: -35pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;span style="border-right: none; border-left: none;"&gt;Related to Parques E&#xf3;licos de la Buena Ventura S.A. acquisition, for more information see note &lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;33&lt;/span&gt;&lt;span style="border-right: none; border-left: none;"&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"&gt;&lt;div id="t_ft_YRR9GQAXJ400000000000000000000b"/&gt;&lt;/div&gt;&lt;div id="t_ft_U1X18FGVAO00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 252px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 51px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 51px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; padding: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Land and &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;civil &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;buildings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Industrial &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;buildings, &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;plant &lt;/span&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;production &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Vehicles, furniture &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and fixtures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Work in &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;progress &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Spare parts &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;and &lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px; background-color: #cceeff; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;839,584&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,079,545&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;414,757&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;102,226&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;61,893&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,498,005&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (5,084&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (138,839&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (5,042&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (365&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (569&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (149,899&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;15,238&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;1,171&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;192,470&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;213,717&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;2,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;148,037&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;17,688&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (146,752&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;21,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Decrease due to sale of subsidiaries&lt;span style="font-size: 8pt;"&gt;&lt;sup&gt; (*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (200&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4,310&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (62&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4,572&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Disposals / Consumptions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,652&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (35,130&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (7,582&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (150&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,632&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (56,146&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;830,104&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;13,064,541&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;420,930&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;147,429&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;59,522&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;14,522,526&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Depreciation and impairment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;132,458&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;7,830,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;342,246&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,304,824&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (1,292&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (97,236&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (4,621&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (103,149&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Depreciation charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;9,736&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;440,316&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;21,715&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;471,767&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Impairment charge (See note 5) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;51,470&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;780&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt;56,671&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;Decrease due to sale of subsidiaries &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;567&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;53&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;620&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; Disposals / Consumptions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (961&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (24,379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (6,428&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; (31,768&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; color: #000000; line-height: inherit;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;139,941&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,199,724&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;353,639&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;4,421&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt;8,697,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; color: #000000; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000; 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font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Information system projects &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;Licenses, patents and trademarks &lt;span style="font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; 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height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Customer relationships &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;650,155&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;547,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,468,638&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,211,151&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;5,877,471&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (2,626&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,088&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,538&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Increase due to business combinations &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(**)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;4,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;4,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;31,427&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;952&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;32,379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (5,535&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (5,535&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Disposals&lt;span style="font-size: 8pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(***)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (58,947&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,507&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (449,109&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (509,563&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;614,474&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;550,991&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,469,726&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,762,042&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;5,397,233&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Amortization and impairment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;599,307&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;391,223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,383,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,130,771&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;4,505,295&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (2,496&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (2,496&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Amortization charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;23,218&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,701&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;38,853&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;70,772&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Impairment charge (See note 5) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;680&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;682&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Disposals &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(***)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (58,912&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,507&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (449,109&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (509,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;561,119&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;398,417&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,384,674&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,720,515&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,064,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;53,355&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;152,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,085,052&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;41,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,332,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;sub&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(*) &lt;/span&gt;&lt;/sub&gt;&lt;span&gt;Includes Proprietary Technology.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;sub&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(**) &lt;/span&gt;&lt;/sub&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;Related to Parques E&#xf3;licos de la Buena Ventura S.A. acquisition, for more information see note &lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;33&lt;/span&gt;&lt;span style="border-right: none; border-left: none;"&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;sub&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(***) &lt;/span&gt;&lt;/sub&gt;&lt;span&gt;Mainly related to fully depreciated assets following the deconsolidation of a Canadian subsidiary of the Company.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 282px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Information system projects &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;Licenses, patents and trademarks &lt;span style="font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Goodwill &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Customer relationships &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;637,352&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;550,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,469,962&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,211,151&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;5,868,965&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (6,466&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (151&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,324&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (7,941&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;22,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,971&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;25,801&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (2,902&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (4,637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (7,539&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Disposals &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,156&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,815&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;650,155&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;547,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,468,638&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,211,151&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;5,877,471&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Amortization and impairment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;577,359&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;382,531&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,383,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,096,025&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;4,439,909&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (6,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (6,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Amortization charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;28,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,701&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;34,746&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;71,519&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Impairment charge (See note 5) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;404&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;404&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Disposals &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (514&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (9&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (523&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;599,307&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;391,223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,383,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,130,771&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,505,295&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;50,848&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;156,304&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,084,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;80,380&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,372,176&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;sub&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(*) &lt;/span&gt;&lt;/sub&gt;&lt;span style="border-right: none; border-left: none;"&gt;Includes Proprietary Technology.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;div&gt;&lt;span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"&gt;The geographical allocation of goodwill for the year ended December 31, 2022 was $&lt;/span&gt;939.2&lt;span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"&gt; million for North America, $&lt;/span&gt;111&lt;span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"&gt; million for South America, $&lt;/span&gt;33&lt;span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"&gt; million for Middle East &amp;amp; Africa and $&lt;/span&gt;1.9&lt;span style="font-size: 10pt; text-align: justify; font-family: 'times new roman', times;"&gt; million for Europe.&lt;/span&gt;&lt;br/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The carrying amount of goodwill allocated by CGU, as of December 31, 2022, was as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 136px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (all amounts in millions of U.S. dollars) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Tubes Segment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; CGU &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Hydril Acquisition &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Tamsa (Hydril and other) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;19&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;365&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Siderca (Hydril and other) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;265&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;93&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;358&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Hydril &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;309&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;309&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;53&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;53&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;920&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;165&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,085&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfIntangibleAssetsExplanatory>
    <ifrs-full:DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory contextRef="D20221231_3" id="Tag1524">&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 285px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Information system projects &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;Licenses, patents and trademarks &lt;span style="font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Goodwill &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Customer relationships &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;650,155&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;547,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,468,638&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,211,151&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;5,877,471&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (2,626&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,088&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,538&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Increase due to business combinations &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(**)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;4,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;4,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;31,427&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;952&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;32,379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (5,535&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (5,535&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Disposals&lt;span style="font-size: 8pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(***)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (58,947&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,507&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (449,109&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (509,563&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;614,474&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;550,991&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,469,726&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,762,042&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;5,397,233&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Amortization and impairment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;599,307&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;391,223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,383,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,130,771&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;4,505,295&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (2,496&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (2,496&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Amortization charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;23,218&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,701&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;38,853&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;70,772&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Impairment charge (See note 5) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;680&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;682&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Disposals &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(***)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (58,912&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,507&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (449,109&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (509,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;561,119&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;398,417&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,384,674&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,720,515&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,064,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;53,355&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;152,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,085,052&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;41,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,332,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;sub&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(*) &lt;/span&gt;&lt;/sub&gt;&lt;span&gt;Includes Proprietary Technology.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;sub&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(**) &lt;/span&gt;&lt;/sub&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;Related to Parques E&#xf3;licos de la Buena Ventura S.A. acquisition, for more information see note &lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;33&lt;/span&gt;&lt;span style="border-right: none; border-left: none;"&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;sub&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(***) &lt;/span&gt;&lt;/sub&gt;&lt;span&gt;Mainly related to fully depreciated assets following the deconsolidation of a Canadian subsidiary of the Company.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 282px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Information system projects &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;span style="font-weight: bold; line-height: inherit;"&gt;Licenses, patents and trademarks &lt;span style="font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Goodwill &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1.1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Customer relationships &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;637,352&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;550,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,469,962&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,211,151&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;5,868,965&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (6,466&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (151&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,324&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (7,941&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;22,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,971&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;25,801&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (2,902&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (4,637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (7,539&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Disposals &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,156&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (1,815&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;650,155&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;547,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,468,638&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,211,151&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;5,877,471&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Amortization and impairment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;577,359&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;382,531&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,383,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,096,025&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;4,439,909&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (6,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (6,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Amortization charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;28,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,701&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;34,746&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;71,519&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Impairment charge (See note 5) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;404&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;404&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Disposals &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (514&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (9&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (523&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;599,307&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;391,223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,383,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,130,771&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,505,295&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;50,848&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;156,304&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,084,644&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;80,380&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,372,176&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;sub&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(*) &lt;/span&gt;&lt;/sub&gt;&lt;span style="border-right: none; 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      unitRef="USD">156304000</ifrs-full:IntangibleAssetsAndGoodwill>
    <ifrs-full:IntangibleAssetsAndGoodwill
      contextRef="I20211231_GoodwillMember_1"
      decimals="-3"
      id="Tag1716"
      unitRef="USD">1084644000</ifrs-full:IntangibleAssetsAndGoodwill>
    <ifrs-full:IntangibleAssetsAndGoodwill
      contextRef="I20211231_CustomerrelatedIntangibleAssetsMember"
      decimals="-3"
      id="Tag1671"
      unitRef="USD">80380000</ifrs-full:IntangibleAssetsAndGoodwill>
    <ifrs-full:IntangibleAssetsAndGoodwill
      contextRef="I20211231"
      decimals="-3"
      id="Tag1742"
      unitRef="USD">1372176000</ifrs-full:IntangibleAssetsAndGoodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_NorthAmericaMember"
      decimals="-5"
      id="Tag1652"
      unitRef="USD">939200000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_SouthAmericaMember"
      decimals="-6"
      id="Tag1732"
      unitRef="USD">111000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_MiddleEastAndAfricaMember"
      decimals="-6"
      id="Tag1577"
      unitRef="USD">33000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_EuropeMember"
      decimals="-5"
      id="Tag1757"
      unitRef="USD">1900000</ifrs-full:Goodwill>
    <ifrs-full:DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory contextRef="D20221231_3" id="Tag1516">&lt;table cellpadding="0" style="height: 136px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (all amounts in millions of U.S. dollars) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Tubes Segment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; CGU &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Hydril Acquisition &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Tamsa (Hydril and other) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;19&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;365&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Siderca (Hydril and other) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;265&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;93&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;358&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Hydril &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;309&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;309&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;53&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;53&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;920&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;165&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,085&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory>
    <ifrs-full:Goodwill
      contextRef="I20221231_TamsaHydrilAndOtherMember_TubesMember_HydrillAcquisitionMember"
      decimals="-6"
      id="Tag1701"
      unitRef="USD">346000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_TamsaHydrilAndOtherMember_TubesMember_OtherBusinessCombinationsMember"
      decimals="-6"
      id="Tag1645"
      unitRef="USD">19000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_TubesMember_TamsaHydrilAndOtherMember"
      decimals="-6"
      id="Tag1715"
      unitRef="USD">365000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_SidercaHydrilAndOtherMember_TubesMember_HydrillAcquisitionMember"
      decimals="-6"
      id="Tag1970"
      unitRef="USD">265000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_SidercaHydrilAndOtherMember_TubesMember_OtherBusinessCombinationsMember"
      decimals="-6"
      id="Tag1573"
      unitRef="USD">93000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_TubesMember_SidercaHydrilAndOtherMember"
      decimals="-6"
      id="Tag1720"
      unitRef="USD">358000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_HydrilMember_TubesMember_HydrillAcquisitionMember"
      decimals="-6"
      id="Tag1736"
      unitRef="USD">309000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_HydrilMember_TubesMember_OtherBusinessCombinationsMember"
      id="Tag1746"
      unitRef="USD"
      xsi:nil="true"/>
    <ifrs-full:Goodwill
      contextRef="I20221231_TubesMember_HydrilMember"
      decimals="-6"
      id="Tag1752"
      unitRef="USD">309000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_OtherCguMember_TubesMember_HydrillAcquisitionMember"
      id="Tag1575"
      unitRef="USD"
      xsi:nil="true"/>
    <ifrs-full:Goodwill
      contextRef="I20221231_OtherCguMember_TubesMember_OtherBusinessCombinationsMember"
      decimals="-6"
      id="Tag1722"
      unitRef="USD">53000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_TubesMember_OtherCguMember"
      decimals="-6"
      id="Tag1650"
      unitRef="USD">53000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_TubesMember_HydrillAcquisitionMember"
      decimals="-6"
      id="Tag1967"
      unitRef="USD">920000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231_TubesMember_OtherBusinessCombinationsMember"
      decimals="-6"
      id="Tag1703"
      unitRef="USD">165000000</ifrs-full:Goodwill>
    <ifrs-full:Goodwill
      contextRef="I20221231"
      decimals="-6"
      id="Tag1685"
      unitRef="USD">1085000000</ifrs-full:Goodwill>
    <ifrs-full:DisclosureOfLeasesExplanatory contextRef="D20221231_3" id="Tag3109">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; color: #003366;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;12&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Right-of-use assets, net and lease liabilities&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 8pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; color: #000000;"&gt;Right of use assets evolution&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_4R1STZ133400000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 342px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 70px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 70px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Land and Civil Buildings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Industrial Buildings, Plant and Production Equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Vehicles, furniture and fixtures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Opening net book amount &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;46,082&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;131,816&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;20,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;198,154&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;52&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (417&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (779&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;15,872&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;31,778&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;7,674&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;1,182&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;56,506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (5,166&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (1,317&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;6,483&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Disposals &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (13,270&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (36,186&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,705&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (53,161&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;43,570&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;125,677&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;30,291&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;1,182&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;200,720&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Depreciation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;24,005&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;54,727&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;10,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;89,416&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (9&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (139&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (251&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (399&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Depreciation charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;8,965&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;32,767&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;7,277&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;210&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;49,219&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,974&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;1,431&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;2,543&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Disposals &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (10,054&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (35,992&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,211&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (49,257&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;18,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;52,794&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;17,042&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;210&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;88,979&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;24,637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;72,883&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;13,249&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;972&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;111,741&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div/&gt;&lt;div id="t_ft_Q45JFIX54000000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 307px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 35px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 35px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Land and Civil Buildings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 10.0284%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Industrial Buildings, Plant and Production Equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Vehicles, furniture and fixtures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Opening net book amount &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;41,932&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;273,358&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;18,615&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;333,905&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (187&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (592&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (560&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (1,339&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;6,010&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;10,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;6,189&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;22,326&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (274&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;277&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Disposals &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (1,673&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (150,803&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (4,265&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (156,741&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;46,082&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;131,816&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;20,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;198,154&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Depreciation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;15,142&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;67,993&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;8,817&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;91,952&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (37&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (177&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (260&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (474&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Depreciation charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;9,882&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;35,964&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;5,589&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;51,435&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;96&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (93) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Disposals &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (982&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (49,149&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,369&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (53,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;24,005&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;54,727&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;10,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;89,416&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;22,077&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;77,089&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;9,572&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;108,738&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 9pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(*)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;Includes net disposals of $&lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;96.6&lt;/span&gt;&lt;span style="border-right: none; border-left: none;"&gt; million related to NKKTubes lease agreement re-measurement due to joint venture termination.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Depreciation of right-of-use assets is mainly included in Tubes segment.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 8pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000;"&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold;"&gt;Lease liability evolution&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_GQ29F57IGW00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 153px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Opening net book amount&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;117,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;257,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,922&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (11,350&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;56,459&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;22,261&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="margin-left: 0.1px; height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Cancellations &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (5,207&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (103,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="margin-left: 0.1px; height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Repayments &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(**)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (55,874&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (50,998&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Interest accrued &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;3,436&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;3,358&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;112,177&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;117,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 10pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(*)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;For &lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;, includes $&lt;span style="border-left: none; border-right: none;"&gt;95.8&lt;/span&gt; million related to NKKTubes lease agreement re-measurement due to joint venture termination.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(**)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;For &lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt; includes repayments of $&lt;span style="border-left: none; border-right: none;"&gt;52.4&lt;/span&gt; million in capital and $&lt;span style="border-left: none; border-right: none;"&gt;3.5&lt;/span&gt; million of interest, and for &lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt; includes repayments of $&lt;span style="border-left: none; border-right: none;"&gt;48.5&lt;/span&gt; million in capital and $&lt;span style="border-left: none; border-right: none;"&gt;2.5&lt;/span&gt; million of interest.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;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. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;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.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Expenses related to short-term leases, leases of low value assets and variable leases (included in &lt;span style="font-style: italic;"&gt;cost of sales and selling, general and administrative expense&lt;/span&gt;&lt;span style="font-style: italic;"&gt;s&lt;/span&gt;) were not material for the years 2022 and 2021.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfLeasesExplanatory>
    <ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory contextRef="D20221231_3" id="Tag2035">&lt;div id="t_ft_4R1STZ133400000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 342px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 70px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 70px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Land and Civil Buildings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Industrial Buildings, Plant and Production Equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Vehicles, furniture and fixtures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 70px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 70px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Opening net book amount &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;46,082&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;131,816&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;20,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;198,154&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;52&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (417&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (779&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;15,872&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;31,778&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;7,674&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;1,182&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;56,506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (5,166&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (1,317&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;6,483&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Disposals &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (13,270&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (36,186&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,705&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (53,161&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;43,570&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;125,677&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;30,291&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;1,182&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;200,720&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Depreciation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;24,005&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;54,727&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;10,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;89,416&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (9&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (139&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (251&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (399&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Depreciation charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;8,965&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;32,767&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;7,277&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;210&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;49,219&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,974&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;1,431&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;2,543&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Disposals &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (10,054&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (35,992&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,211&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (49,257&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;18,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;52,794&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;17,042&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;210&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;88,979&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;24,637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;72,883&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;13,249&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;972&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;111,741&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div/&gt;&lt;div id="t_ft_Q45JFIX54000000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 307px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 35px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 35px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Land and Civil Buildings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 10.0284%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Industrial Buildings, Plant and Production Equipment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Vehicles, furniture and fixtures &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 1.04068%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 35px; width: 10.0284%; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.04068%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Opening net book amount &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;41,932&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;273,358&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;18,615&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;333,905&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (187&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (592&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (560&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (1,339&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;6,010&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;10,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;6,189&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;22,326&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (274&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;277&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Disposals &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (1,673&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (150,803&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (4,265&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (156,741&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;46,082&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;131,816&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;20,256&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;198,154&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Depreciation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Accumulated at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;15,142&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;67,993&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;8,817&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;91,952&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Currency translation adjustment &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (37&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (177&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (260&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (474&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Depreciation charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;9,882&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;35,964&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;5,589&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;51,435&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Transfers / Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;96&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (93) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Disposals &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (982&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (49,149&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,369&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (53,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Accumulated at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;24,005&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;54,727&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;10,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;89,416&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;22,077&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;77,089&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;9,572&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;108,738&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 9pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(*)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;Includes net disposals of $&lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;96.6&lt;/span&gt;&lt;span style="border-right: none; border-left: none;"&gt; million related to NKKTubes lease agreement re-measurement due to joint venture termination.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory>
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      decimals="-3"
      id="Tag1821"
      unitRef="USD">-10684000</ifrs-full:RightofuseAssets>
    <ifrs-full:RightofuseAssets
      contextRef="I20211231_AccumulatedDepreciationAmortisationAndImpairmentMember"
      decimals="-3"
      id="Tag1078"
      unitRef="USD">-89416000</ifrs-full:RightofuseAssets>
    <ifrs-full:RightofuseAssets
      contextRef="I20211231_LandAndCivilBuildingsMember"
      decimals="-3"
      id="Tag1081"
      unitRef="USD">22077000</ifrs-full:RightofuseAssets>
    <ifrs-full:RightofuseAssets
      contextRef="I20211231_IndustrialBuildingsPlantAndProductionEquipmentMember"
      decimals="-3"
      id="Tag1529"
      unitRef="USD">77089000</ifrs-full:RightofuseAssets>
    <ifrs-full:RightofuseAssets
      contextRef="I20211231_VehiclesFurnitureAndFixturesMember"
      decimals="-3"
      id="Tag2067"
      unitRef="USD">9572000</ifrs-full:RightofuseAssets>
    <ifrs-full:RightofuseAssets
      contextRef="I20211231"
      decimals="-3"
      id="Tag2954"
      unitRef="USD">108738000</ifrs-full:RightofuseAssets>
    <ts:DisposalsConsumptionsRightOfUseAssets
      contextRef="D20221231_NkktubesMember_LeaseAgreementMember"
      decimals="-5"
      id="Tag1061"
      unitRef="USD">96600000</ts:DisposalsConsumptionsRightOfUseAssets>
    <ts:LeaseLiabilityEvolutionTextBlock contextRef="D20221231_3" id="Tag1116">&lt;div id="t_ft_GQ29F57IGW00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 153px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Opening net book amount&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;117,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;257,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (3,922&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (11,350&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Additions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;56,459&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;22,261&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="margin-left: 0.1px; height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Cancellations &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (5,207&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (103,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="margin-left: 0.1px; height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;Repayments &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(**)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (55,874&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; (50,998&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"&gt;&lt;span style="color: #000000;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt; Interest accrued &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;3,436&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #000000;"&gt;3,358&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt; At December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;112,177&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; color: #000000;"&gt;117,285&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 10pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; color: #000000;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(*)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;For &lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;, includes $&lt;span style="border-left: none; border-right: none;"&gt;95.8&lt;/span&gt; million related to NKKTubes lease agreement re-measurement due to joint venture termination.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; color: #000000;"&gt;&lt;span style="font-family: 'times new roman', times; color: #000000; line-height: inherit;"&gt;&lt;sup&gt;(**)&#160;&lt;/sup&gt;&lt;/span&gt;&lt;span&gt;For &lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt; includes repayments of $&lt;span style="border-left: none; border-right: none;"&gt;52.4&lt;/span&gt; million in capital and $&lt;span style="border-left: none; border-right: none;"&gt;3.5&lt;/span&gt; million of interest, and for &lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt; includes repayments of $&lt;span style="border-left: none; border-right: none;"&gt;48.5&lt;/span&gt; million in capital and $&lt;span style="border-left: none; border-right: none;"&gt;2.5&lt;/span&gt; million of interest.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ts:LeaseLiabilityEvolutionTextBlock>
    <ifrs-full:LeaseLiabilities
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      unitRef="USD">117285000</ifrs-full:LeaseLiabilities>
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    <ts:LeaseLiabilitiesTranslationDifferences
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      unitRef="USD">-3922000</ts:LeaseLiabilitiesTranslationDifferences>
    <ts:LeaseLiabilitiesTranslationDifferences
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      unitRef="USD">-11350000</ts:LeaseLiabilitiesTranslationDifferences>
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    <ts:LeaseLiabilitiesAdditions
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      unitRef="USD">55874000</ts:LeaseLiabilitiesRepayments>
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      unitRef="USD">3436000</ts:LeaseLiabilitiesInterestAccrued>
    <ts:LeaseLiabilitiesInterestAccrued
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      decimals="-3"
      id="Tag2952"
      unitRef="USD">3358000</ts:LeaseLiabilitiesInterestAccrued>
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      id="Tag1106"
      unitRef="USD">112177000</ifrs-full:LeaseLiabilities>
    <ifrs-full:LeaseLiabilities
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      unitRef="USD">117285000</ifrs-full:LeaseLiabilities>
    <ts:LeaseLiabilitiesCancellations
      contextRef="D20211231_NkktubesMember_LeaseAgreementMember"
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      unitRef="USD">95800000</ts:LeaseLiabilitiesCancellations>
    <ts:LeaseLiabilitiesCapitalRepayments
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      decimals="-5"
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      unitRef="USD">52400000</ts:LeaseLiabilitiesCapitalRepayments>
    <ifrs-full:InterestExpenseOnLeaseLiabilities
      contextRef="D20221231_3"
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    <ts:LeaseLiabilitiesCapitalRepayments
      contextRef="D20211231_3"
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      unitRef="USD">48500000</ts:LeaseLiabilitiesCapitalRepayments>
    <ifrs-full:InterestExpenseOnLeaseLiabilities
      contextRef="D20211231_3"
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      unitRef="USD">2500000</ifrs-full:InterestExpenseOnLeaseLiabilities>
    <ts:RemainingLeasePaymentsToBeMadePercentage
      contextRef="I20221231_NotLaterThanOneYearMember"
      decimals="3"
      id="Tag1097"
      unitRef="Pure">0.255</ts:RemainingLeasePaymentsToBeMadePercentage>
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      decimals="3"
      id="Tag1105"
      unitRef="Pure">0.475</ts:RemainingLeasePaymentsToBeMadePercentage>
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      contextRef="I20221231_LaterThanFiveYearsMember"
      decimals="2"
      id="Tag1080"
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      contextRef="I20211231_NotLaterThanOneYearMember"
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      id="Tag1082"
      unitRef="Pure">0.295</ts:RemainingLeasePaymentsToBeMadePercentage>
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      contextRef="I20211231_LaterThanOneYearAndNotLaterThanFiveYearsMember"
      decimals="3"
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      unitRef="Pure">0.336</ts:RemainingLeasePaymentsToBeMadePercentage>
    <ts:RemainingLeasePaymentsToBeMadePercentage
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      decimals="3"
      id="Tag1084"
      unitRef="Pure">0.369</ts:RemainingLeasePaymentsToBeMadePercentage>
    <ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory contextRef="D20221231_3" id="Tag2206">&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="color: #003366; font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;13&lt;/span&gt;&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;Investments in &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;non-consolidated&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; companies&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;div id="t_ft_119CT6OBTC00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 139px; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; width: 22.0238%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9345%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 9.97024%; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,383,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.97024%; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;957,352&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.4881%; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;7,336&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (11,085&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Equity in earnings of non-consolidated companies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;242,743&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;512,591&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Impairment loss in non-consolidated companies &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;(*)&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (34,041&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"&gt;&lt;p style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"&gt;)&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Dividends and distributions declared &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(**)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (64,189&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (78,926&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Increase in equity reserves and others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;5,023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,842&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,540,646&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,383,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 8pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(&lt;span style="font-size: 9pt;"&gt;*)&#160;&lt;/span&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="line-height: inherit;"&gt;Includes an impairment of $&lt;span style="border-left: none; border-right: none;"&gt;19.1&lt;/span&gt; million related to the investment in Usiminas and $14.9 million related to the joint venture with&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; PAO&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; Severstal&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; (&#x201c;Severstal&#x201d;)&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; For more information see note &lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;3&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;6&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(**)&#160;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="line-height: inherit;"&gt;Related to Ternium&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; and Usiminas&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;. During &lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;202&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; and &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;20&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;1&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; $&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;66.2&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&#160;million and&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;75.9&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; million&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; respectively&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; were collected&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 4.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The principal &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;non-consolidated&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; companies are:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;div id="t_ft_ONKABFDIWW00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 115px; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; % ownership at December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Book value at December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Country of incorporation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 29%; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;a) Ternium &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 30%; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Luxembourg &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;11.46% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;11.46% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,363,607&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,210,206&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;b) Usiminas &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(**)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Brazil &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3.07% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3.07% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;109,534&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;103,106&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; c) Techgen &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Mexico &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;22.00% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;22.00% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;41,506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;29,397&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; d) Global Pipe Company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Saudi Arabia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;35.00% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;35.00% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;23,022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;21,523&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160;&#160;&#160;&#160; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,977&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;19,542&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,540,646&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,383,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(*)&#160;&lt;/span&gt;&lt;span&gt;&lt;span style="line-height: inherit;"&gt;Including treasury shares.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(**) &lt;/span&gt;&#160;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="line-height: inherit;"&gt;At December 31,&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;20&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; and &lt;span style="border-left: none; border-right: none;"&gt;20&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;1&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;the voting rights were &lt;/span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;5.19&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;%&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;"&gt;a) Ternium&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Ternium&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; is a steel producer with production facilities in Mexico,&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; Brazil, &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Argentina, Colombia,&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; the Southern&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; Un&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ited States and &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Central America&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; and&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; is one of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Tenaris&#x2019;s&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; main suppliers of round steel bars and flat steel products for its pipes business.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;At December 31, 20&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, the closing price of Ternium&#x2019;s ADSs as quoted on the New York &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Stock Exchange was&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;30.56&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; per ADS, giving &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Tenaris&#x2019;s&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; ownership stake a ma&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;rket value of approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;702&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;. A&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;t December 31, 20&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, the carrying value of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Tenaris&#x2019;s&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; ownership stake in Ternium, based on Ternium&#x2019;s IFRS &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Financial S&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ta&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;tements,&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; was approximately &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;1,363.6&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million.&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; The Company reviews its participation in Ternium whenever events or circumstances indicate that the asset&#x2019;s carrying amount may not be recoverable&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;. As of December 31, 202&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;,&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;the Company concluded that&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;the carrying amount does not exceed the recoverable value of the investment.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;div/&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Summarized selected financial information of Ternium, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;table cellpadding="0" style="height: 241px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Ternium &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-current assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 10%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,647,510&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,491,363&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Current assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,844,038&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,606,544&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;17,491,548&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;17,097,907&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,506,325&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,649,105&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,216,832&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,213,764&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;3,723,157&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,862,869&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total equity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;13,768,391&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;12,235,038&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Non-controlling interests &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,922,434&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,700,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Revenues &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;16,414,466&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;16,090,744&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Gross profit &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,927,184&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,195,674&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Net income for the year attributable to owners of the parent &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,767,516&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,825,068&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;"&gt;b) Usiminas&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Usiminas is a Brazilian producer of high quality flat steel products used in the energy, automotive and other industries.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;As of December 31, 20&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, the closing price of the Usiminas&#x2019; ordinary and preferred shares, as quoted on the B3&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; - Brasil Bolsa Balc&#xe3;o S.A&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, was &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;BRL&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;7.41&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;($&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;1.42&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;) and BRL&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;7.16&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;($&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;1.37&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;), respectively, giving Tenaris&#x2019;s ownership stake a market value of approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;53.6&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;million&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;. As&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; of&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; that date, the carrying value of Tenaris&#x2019;s ownership stake in Usiminas was &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;109.5&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;For the year ended December 31, 2022, t&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;he Company conducted an impairment&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;test and - mainly due to the lower expectations of steel demand and market steel prices, together with a worsened global macroeconomic situation that derived in the increase in discount rates - wrote down its investment in Usiminas by $19.1 million. The value-in-use was used to determine the recoverable value. Value-in-use was calculated discounting the estimated cash flows over a &lt;span style="-sec-ix-hidden:Tag3218"&gt;&lt;span style="border-left: none; border-right: none;"&gt;five&lt;/span&gt;-year&lt;/span&gt; period based on forecasts approved by management. For the subsequent years beyond the &lt;span style="-sec-ix-hidden:Tag3219"&gt;&lt;span style="border-left: none; border-right: none;"&gt;five&lt;/span&gt;-year&lt;/span&gt; period, a terminal value was calculated based on perpetuity considering a nominal growth rate of 2%. The discount rate used for such test was 13.5% and is based on the respective WACC, which is considered to be a good indicator of capital cost. The main factors that could result in additional impairment charges in future periods would be an increase of the discount rate, or a deterioration of the macroeconomic situation, steel demand and prices. Management has considered and assessed reasonably possible changes in the key assumptions and ha&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; not identified any instances that could give rise to an additional material impairment charge over its investment in Usiminas.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Summarized selected financial information of Usiminas, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows:&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.672%; height: 238px; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Usiminas &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-current assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 10%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,764,453&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,491,103&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Current assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,901,844&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,583,814&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;7,666,297&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;7,074,917&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,671,249&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,575,321&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,033,524&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,134,663&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,704,773&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,709,984&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total equity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,961,524&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,364,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Non-controlling interests &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;523,741&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;467,551&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Revenues &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,296,964&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,269,569&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Gross profit &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,110,439&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,101,336&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Net income for the year attributable to owners of the parent &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;319,979&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,687,682&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;c) Techgen&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Techgen is a Mexican company that operates a natural gas-fired combined cycle electric power plant in the Pesquer&#xed;a area of the State of Nuevo Le&#xf3;n, Mexico, with a power capacity of 900 megawatts. As of December 31, 202&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, Tenaris held 22% of Techgen&#x2019;s share capital, and its affiliates, Ternium and Tecpetrol (both controlled by San Faustin), held 48% and 30% respectively.&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;As of December&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; 31, 202&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, the carrying value of Tenaris&#x2019;s ownership stake in Techgen was approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;41.5&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;Techgen entered into certain transportation capacity agreements,&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt; equipment and other services related to the equipment,&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt; and an agreement for the &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;purchase of clean energy certificates. As of December 31, 202&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;, Tenaris&#x2019;s exposure under these agreements &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;amounted to $&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;42.5&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt; million&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;, $&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;0.9&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt; million &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;and $&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;17.2&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;million respectively.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Techgen&#x2019;s sponsors granted certain subordinated loans to Techgen. As of December 31, 202&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, the aggregate outstanding principal amount under these subordinated loans &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;was $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;264.2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million, of which $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;58.1&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million correspond to Tenaris&#x2019;s contribution.&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;On February 13, 2019, Techgen entered into a $640 million syndicated loan agreement with several banks to refinance an existing loan, resulting in the release of certain corporate guarantees previously issued by Techgen&#x2019;s shareholders to secure the replaced facility.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The existing syndicated loan agreement is &#x201c;non-recourse&#x201d; on the sponsors. Techgen&#x2019;s obligations thereunder are guaranteed by a Mexican security trust (covering shares, assets, accounts and contract rights), account pledges and certain direct agreements &#x2013;customary for these type of transactions&#x2013;. The commercial terms and conditions governing the purchase by the Company&#x2019;s Mexican subsidiary, Tamsa, of &lt;/span&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;22&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;% of the energy generated by Techgen remain substantially unchanged.&lt;/span&gt;&lt;/span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Under the loan agreement, Techgen is committed to maintain a debt service reserve account covering debt service becoming due during two consecutive quarters; such account is funded by stand-by letters of credit issued for the account of Techgen&#x2019;s sponsors in proportion to their respective participations in Techgen. Accordingly, the Company applied for stand-by letters of credit covering 22% of the debt service coverage ratio, which as of December 31, 202&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, amounted to $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;10.3&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 49.65pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;d)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;GPC&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;GPC is a Saudi-German joint venture, established in 2010 and located in Jubail, Saudi Arabia, which manufactures LSAW pipes. Tenaris, through its subsidiary SSPC, currently owns 35% of the share capital&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; of GPC. As of December 31, 2022&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, the carrying value of Tenaris&#x2019;s ownership stake in GPC was approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;23&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;SSPC and the other three owners of GPC have issued corporate guarantees to secure repayment of loan agreements entered into by GPC, with the Saudi Investment Development Fund, the Saudi British Bank, the National Commercial Bank and Banque Saudi Fransi to finance GPC&#x2019;s capital expenditures and working capital. As of December 31, 202&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, SSPC&#x2019;s exposure under the guarantees amounted to $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;84&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;In December 2022, EEW, a German company that owns another 35% interest in GPC, expressed its intention to sell its entire interest in GPC for a cash amount of $9.9 million and a release of EEW&#x2019;s corporate guarantees with respect to GPC&#x2019;s debt. SSPC and another shareholder that owns a 20% interest in GPC exercised their respective rights of first refusal. Each such acquisition is subject to customary conditions, including competition &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;clearance&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; and bank consents. If both acquisitions are cons&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ummated, SSPC will acquire a 22.3&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;% additional int&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;erest in GPC (thus totaling a 57.3% interest&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;) and will assume a portion of EEW&#x2019;s corporate guarantees (so that SSPC&#x2019;s exposure under the g&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;uarantees will increase to $137.5&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million based on debt amounts as of December 31, 2022).&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory>
    <ifrs-full:DisclosureOfUnconsolidatedStructuredEntitiesExplanatory contextRef="D20221231_3" id="Tag2216">&lt;div style="border-right: none; border-left: none;"&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;div id="t_ft_119CT6OBTC00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 139px; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; width: 22.0238%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9345%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 9.97024%; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,383,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.97024%; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;957,352&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.4881%; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;7,336&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (11,085&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Equity in earnings of non-consolidated companies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;242,743&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;512,591&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Impairment loss in non-consolidated companies &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;&lt;span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;(*)&lt;/span&gt;&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (34,041&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"&gt;&lt;p style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"&gt;)&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Dividends and distributions declared &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(**)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (64,189&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; (78,926&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Increase in equity reserves and others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;5,023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,842&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9345%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,540,646&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,383,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 8pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(&lt;span style="font-size: 9pt;"&gt;*)&#160;&lt;/span&gt;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="line-height: inherit;"&gt;Includes an impairment of $&lt;span style="border-left: none; border-right: none;"&gt;19.1&lt;/span&gt; million related to the investment in Usiminas and $14.9 million related to the joint venture with&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; PAO&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; Severstal&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; (&#x201c;Severstal&#x201d;)&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; For more information see note &lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;3&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;6&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(**)&#160;&lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="line-height: inherit;"&gt;Related to Ternium&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; and Usiminas&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;. During &lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;202&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; and &lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;20&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;1&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; $&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;66.2&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&#160;million and&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;75.9&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; million&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; respectively&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; were collected&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfUnconsolidatedStructuredEntitiesExplanatory>
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    <ts:DisclosureOfDetailedInformationAboutPrincipalNonconsolidatedCompaniesTextBlock contextRef="D20221231_3" id="Tag3110">&lt;div style="border-right: none; border-left: none;"&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;div id="t_ft_ONKABFDIWW00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 115px; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; % ownership at December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Book value at December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Country of incorporation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 29%; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;a) Ternium &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 30%; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Luxembourg &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;11.46% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;11.46% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,363,607&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,210,206&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;b) Usiminas &lt;span style="vertical-align: super; line-height: inherit; font-size: 8pt;"&gt;(**)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Brazil &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3.07% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3.07% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;109,534&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;103,106&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; c) Techgen &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Mexico &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;22.00% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;22.00% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;41,506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;29,397&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; d) Global Pipe Company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Saudi Arabia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;35.00% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;35.00% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;23,022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;21,523&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160;&#160;&#160;&#160; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,977&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;19,542&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,540,646&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,383,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; 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    <ts:DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock contextRef="D20221231_3" id="Tag2215">&lt;table cellpadding="0" style="height: 241px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Ternium &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-current assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 10%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,647,510&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,491,363&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Current assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,844,038&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;8,606,544&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;17,491,548&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;17,097,907&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,506,325&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,649,105&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,216,832&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,213,764&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;3,723,157&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,862,869&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total equity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;13,768,391&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;12,235,038&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Non-controlling interests &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,922,434&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,700,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Revenues &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;16,414,466&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;16,090,744&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Gross profit &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,927,184&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,195,674&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Net income for the year attributable to owners of the parent &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,767,516&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,825,068&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.672%; height: 238px; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Usiminas &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-current assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 10%; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,764,453&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,491,103&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Current assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,901,844&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;3,583,814&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;7,666,297&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;7,074,917&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Non-current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,671,249&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,575,321&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,033,524&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,134,663&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,704,773&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2,709,984&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Total equity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,961,524&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;4,364,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Non-controlling interests &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;523,741&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;467,551&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Revenues &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,296,964&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,269,569&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Gross profit &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,110,439&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;2,101,336&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Net income for the year attributable to owners of the parent &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;319,979&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;1,687,682&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutSelectedFinancialInformationTextBlock>
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padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; 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font-size: 10pt;"&gt;Tax credits &lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;27,333&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;53,210&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;67,921&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;61,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Legal deposits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,394&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,041&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Advances to suppliers and other advances&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;28,779&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,878&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivable Venezuelan subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;17,726&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;15,142&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;211,720&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;205,888&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 9pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 9pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times;"&gt;(*) &lt;/span&gt;&lt;/sup&gt;&lt;span&gt;&lt;span style="font-family: 'times new roman', times;"&gt;As of December 31, 2022 and 2021 respectively, included approximately $8 million and $36 million related to PIS and COFINS (Federal Social Contributions on Gross Revenues) tax recovery on Brazilian subsidiaries.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ts:DisclosureOfNoncurrentReceivablesTextBlock>
    <ts:DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock contextRef="D20221231_3" id="Tag2200">&lt;div style="border-right: none; border-left: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 156px; width: 100.162%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 10pt;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 10pt;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Employee advances and loans &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11,908&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,117&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Tax credits &lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;27,333&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;53,210&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;67,921&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;61,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Legal deposits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,394&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,041&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Advances to suppliers and other advances&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;28,779&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,878&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivable Venezuelan subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48,659&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;17,726&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;15,142&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;211,720&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;205,888&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 9pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 9pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;&lt;span style="font-family: 'times new roman', times;"&gt;(*) &lt;/span&gt;&lt;/sup&gt;&lt;span&gt;&lt;span style="font-family: 'times new roman', times;"&gt;As of December 31, 2022 and 2021 respectively, included approximately $8 million and $36 million related to PIS and COFINS (Federal Social Contributions on Gross Revenues) tax recovery on Brazilian subsidiaries.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ts:DisclosureOfDetailedInformationAboutNoncurrentReceivablesTextBlock>
    <ts:NoncurrentReceivablesEmployeeAdvancesAndLoans
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      id="Tag2173"
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      id="Tag2171"
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    <ifrs-full:DisclosureOfInventoriesExplanatory contextRef="D20221231_3" id="Tag2198">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; color: rgb(0, 51, 102);"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;15&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Inventories&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;, net&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times;"&gt;&lt;span style="font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 165px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 12px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Finished goods&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,592,706&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,113,011&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Goods in process &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;936,555&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;707,665&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Raw materials &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;606,977&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;358,552&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Supplies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;542,636&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;485,815&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Goods in transit&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;530,721&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;253,324&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,209,595&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2,918,367&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Allowance for obsolescence, see note 24 (i) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (222,666&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (245,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,986,929&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2,672,593&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfInventoriesExplanatory>
    <ts:DisclosureOfDetailedInformationAboutInventoriesTextBlock contextRef="D20221231_3" id="Tag2197">&lt;table cellpadding="0" style="height: 165px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 12px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Finished goods&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,592,706&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,113,011&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Goods in process &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;936,555&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;707,665&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Raw materials &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;606,977&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;358,552&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Supplies &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;542,636&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;485,815&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Goods in transit&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;530,721&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;253,324&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,209,595&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2,918,367&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Allowance for obsolescence, see note 24 (i) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (222,666&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (245,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,986,929&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2,672,593&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutInventoriesTextBlock>
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    <ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory contextRef="D20221231_3" id="Tag2201">&lt;p style="line-height: 12pt; margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; color: #003366;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;16&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Receivables and prepayments&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;, net&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 203px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 16px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 16px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 16px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Prepaid expenses and other receivables&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;47,419&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;38,080&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Government entities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;18,121&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;2,363&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Employee advances and loans &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;10,701&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;5,974&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Advances to suppliers and other advances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;41,549&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;17,225&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Government tax refunds on exports &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;8,898&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;8,419&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;19,184&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;5,919&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;41,418&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;21,502&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;187,290&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;99,482&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Allowance for other doubtful accounts, see note 24 (i) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (3,479&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (3,206&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;183,811&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;96,276&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory>
    <ts:DisclosureOfDetailedInformationAboutReceivablesAndPrepaymentsTextBlock contextRef="D20221231_3" id="Tag2202">&lt;table cellpadding="0" style="height: 203px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 16px;"&gt;&lt;td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="height: 16px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; height: 16px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 16px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Prepaid expenses and other receivables&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;47,419&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;38,080&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Government entities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;18,121&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;2,363&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Employee advances and loans &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;10,701&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;5,974&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Advances to suppliers and other advances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;41,549&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;17,225&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Government tax refunds on exports &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;8,898&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;8,419&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;19,184&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;5,919&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;41,418&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;21,502&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;187,290&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;99,482&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; 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white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (3,206&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;183,811&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; 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    <ifrs-full:CurrentPrepaymentsAndOtherCurrentAssets
      contextRef="I20221231"
      decimals="-3"
      id="Tag1947"
      unitRef="USD">183811000</ifrs-full:CurrentPrepaymentsAndOtherCurrentAssets>
    <ifrs-full:CurrentPrepaymentsAndOtherCurrentAssets
      contextRef="I20211231"
      decimals="-3"
      id="Tag1946"
      unitRef="USD">96276000</ifrs-full:CurrentPrepaymentsAndOtherCurrentAssets>
    <ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory contextRef="D20221231_3" id="Tag2205">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; color: rgb(0, 51, 102);"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;17&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Current tax assets&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt; and liabilities&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 97px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 12px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Current tax assets&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income tax assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;24,812&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;16,394&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; V.A.T. credits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;218,009&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;176,202&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other prepaid taxes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;425&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;243,136&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;193,021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 98px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Current tax liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income tax liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;280,469&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;73,352&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; V.A.T. liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;17,228&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12,955&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other taxes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;78,543&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;57,179&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;376,240&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;143,486&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory>
    <ts:DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock contextRef="D20221231_3" id="Tag2204">&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 97px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 12px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Current tax assets&#160;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income tax assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;24,812&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;16,394&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; V.A.T. credits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;218,009&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;176,202&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other prepaid taxes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;425&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;243,136&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;193,021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutCurrentTaxAssetsTextBlock>
    <ts:CurrentIncomeTaxAssets
      contextRef="I20221231"
      decimals="-3"
      id="Tag2196"
      unitRef="USD">24812000</ts:CurrentIncomeTaxAssets>
    <ts:CurrentIncomeTaxAssets
      contextRef="I20211231"
      decimals="-3"
      id="Tag1920"
      unitRef="USD">16394000</ts:CurrentIncomeTaxAssets>
    <ifrs-full:CurrentValueAddedTaxReceivables
      contextRef="I20221231"
      decimals="-3"
      id="Tag2195"
      unitRef="USD">218009000</ifrs-full:CurrentValueAddedTaxReceivables>
    <ifrs-full:CurrentValueAddedTaxReceivables
      contextRef="I20211231"
      decimals="-3"
      id="Tag1919"
      unitRef="USD">176202000</ifrs-full:CurrentValueAddedTaxReceivables>
    <ts:CurrentPrepaidTaxes
      contextRef="I20221231"
      decimals="-3"
      id="Tag2194"
      unitRef="USD">315000</ts:CurrentPrepaidTaxes>
    <ts:CurrentPrepaidTaxes
      contextRef="I20211231"
      decimals="-3"
      id="Tag1918"
      unitRef="USD">425000</ts:CurrentPrepaidTaxes>
    <ifrs-full:CurrentTaxAssetsCurrent
      contextRef="I20221231"
      decimals="-3"
      id="Tag1945"
      unitRef="USD">243136000</ifrs-full:CurrentTaxAssetsCurrent>
    <ifrs-full:CurrentTaxAssetsCurrent
      contextRef="I20211231"
      decimals="-3"
      id="Tag1917"
      unitRef="USD">193021000</ifrs-full:CurrentTaxAssetsCurrent>
    <ts:DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock contextRef="D20221231_3" id="Tag2203">&lt;table cellpadding="0" style="height: 98px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Current tax liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income tax liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;280,469&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;73,352&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; V.A.T. liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;17,228&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12,955&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other taxes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;78,543&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;57,179&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;376,240&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;143,486&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutTaxLiabilitiesTextBlock>
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    <ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory contextRef="D20221231_3" id="Tag2275">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; color: #003366;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;18&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Trade receivables, net&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 119px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Current accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;2,479,035&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;1,313,934&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;60,400&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;32,258&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;2,539,435&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;1,346,192&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Allowance for doubtful accounts, see note 24 (i) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (45,495&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (47,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times;"&gt;&lt;span style="font-size: 10pt;"&gt;The following table sets forth details &lt;/span&gt;&lt;span style="font-size: 10pt;"&gt;of the aging&lt;/span&gt;&lt;span style="font-size: 10pt;"&gt; of trade receivables:&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 146px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" rowspan="2" style="height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"&gt; Trade Receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" rowspan="2" style="border-image: initial; height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"&gt; Not Due &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; width: 24.0323%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"&gt; Past due &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 51.9355%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"&gt;1 - 180 days &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &amp;gt; 180 days &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 51.9355%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;265,898&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;237,784&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;27,431&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;683&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Not guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;2,273,537&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;1,756,707&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;465,423&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;51,407&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Guaranteed and not guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2,539,435&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,994,491&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;492,854&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;52,090&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Expected loss rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.06&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.03&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.18&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.77&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (1,657&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (654&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (920&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (83&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Nominative allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (43,838&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (1,541&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (42,297&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Net Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,993,837&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;490,393&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;9,710&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/div&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" rowspan="2" style="height: 20px; white-space: nowrap; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; Trade Receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" rowspan="2" style="border-image: initial; height: 20px; white-space: nowrap; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; Not Due &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"&gt; Past due &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1 - 180 days &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &amp;gt; 180 days &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;195,848&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;185,238&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;9,894&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;716&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Not guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;1,150,344&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;951,356&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;148,412&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;50,576&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Guaranteed and not guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,346,192&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,136,594&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;158,306&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;51,292&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Expected loss rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.06&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.04&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.84&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (833&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (401&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (367&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (65&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Nominative allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (46,287&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="vertical-align: bottom; height: 17px; margin: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (1,391&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (44,896&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Net Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,136,193&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;156,548&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;6,331&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 8pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;Trade receivables are mainly denominated in &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;U.S. dollars.&#160;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory>
    <ts:DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock contextRef="D20221231_3" id="Tag2293">&lt;table cellpadding="0" style="height: 119px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Current accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;2,479,035&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;1,313,934&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;60,400&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;32,258&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;2,539,435&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;1,346,192&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Allowance for doubtful accounts, see note 24 (i) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (45,495&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (47,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutCurrentTradeReceivablesTextBlock>
    <ts:CurrentTradeReceivablesCurrentAccounts
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      id="Tag64"
      unitRef="USD">2479035000</ts:CurrentTradeReceivablesCurrentAccounts>
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      contextRef="I20211231"
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      id="Tag2246"
      unitRef="USD">1313934000</ts:CurrentTradeReceivablesCurrentAccounts>
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      unitRef="USD">60400000</ifrs-full:TradeAndOtherCurrentReceivablesDueFromRelatedParties>
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      decimals="-3"
      id="Tag2227"
      unitRef="USD">32258000</ifrs-full:TradeAndOtherCurrentReceivablesDueFromRelatedParties>
    <ts:CurrentTradeReceivablesGross
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      decimals="-3"
      id="Tag74"
      unitRef="USD">2539435000</ts:CurrentTradeReceivablesGross>
    <ts:CurrentTradeReceivablesGross
      contextRef="I20211231"
      decimals="-3"
      id="Tag2258"
      unitRef="USD">1346192000</ts:CurrentTradeReceivablesGross>
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      unitRef="USD">45495000</ts:CurrentTradeReceivablesAllowanceForDoubtfulAccounts>
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      decimals="-3"
      id="Tag2240"
      unitRef="USD">47120000</ts:CurrentTradeReceivablesAllowanceForDoubtfulAccounts>
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      unitRef="USD">2493940000</ifrs-full:CurrentTradeReceivables>
    <ifrs-full:CurrentTradeReceivables
      contextRef="I20211231"
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      id="Tag2261"
      unitRef="USD">1299072000</ifrs-full:CurrentTradeReceivables>
    <ts:DisclosureIfDetailedInformationAboutTheAgingOfTradeReceivablesTextBlock contextRef="D20221231_3" id="Tag2276">&lt;div style="border-left: none; border-right: none;"&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 146px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" rowspan="2" style="height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"&gt; Trade Receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" rowspan="2" style="border-image: initial; height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"&gt;&lt;p style="margin: 0pt; text-align: center; line-height: 1;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"&gt; Not Due &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; width: 24.0323%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"&gt; Past due &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 51.9355%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; line-height: inherit;"&gt;1 - 180 days &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &amp;gt; 180 days &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 51.9355%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;265,898&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;237,784&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;27,431&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;683&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Not guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;2,273,537&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;1,756,707&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;465,423&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;51,407&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Guaranteed and not guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2,539,435&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,994,491&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;492,854&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;52,090&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Expected loss rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.06&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.03&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.18&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.77&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (1,657&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (654&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (920&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (83&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Nominative allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (43,838&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (1,541&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (42,297&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Net Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;2,493,940&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,993,837&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;490,393&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;9,710&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" rowspan="2" style="height: 20px; white-space: nowrap; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;" valign="middle"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; Trade Receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="2" rowspan="2" style="border-image: initial; height: 20px; white-space: nowrap; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; Not Due &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt; text-align: center;"&gt; Past due &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1 - 180 days &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &amp;gt; 180 days &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52%; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;195,848&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;185,238&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;9,894&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;716&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Not guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;1,150,344&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;951,356&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;148,412&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;50,576&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Guaranteed and not guaranteed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,346,192&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,136,594&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;158,306&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;51,292&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Expected loss rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.06&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.04&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt;0.84&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; % &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (833&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (401&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (367&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (65&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Nominative allowances for doubtful accounts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (46,287&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="vertical-align: bottom; height: 17px; margin: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (1,391&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; (44,896&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"&gt; ) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Net Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,299,072&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;1,136,193&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt;156,548&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; margin: 0pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td align="right" style="height: 17px; 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padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; 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padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,091,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;318,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Other investments - current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Fixed income (time-deposit, zero coupon bonds, commercial papers) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;196,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;239,742&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;211,953&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Fund investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;30,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;438,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;397,849&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Other investments - non-current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;119,902&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;320,254&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock>
    <ts:DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock contextRef="D20221231_3" id="Tag2298">&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 272px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Cash and cash equivalents &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Cash at banks &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;149,424&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;167,455&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Liquidity funds &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;422,859&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;105,697&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Short-term investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;519,244&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;44,975&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;1,091,527&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;318,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Other investments - current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Fixed income (time-deposit, zero coupon bonds, commercial papers) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;196,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;239,742&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;211,953&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;158,107&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Fund investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;30,343&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;438,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;397,849&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; Other investments - non-current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Bonds and other fixed income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;113,574&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;312,619&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;6,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;7,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;119,902&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;320,254&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DetailedDisclosureOfCashAndCashEquivalentsAndOtherInvestmentsTextBlock>
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      unitRef="USD">239742000</ts:OtherInvestmentsCurrentFixedIncome>
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      id="Tag2278"
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      unitRef="USD">6328000</ts:OtherInvestmentsNoncurrentOthers>
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      unitRef="USD">7635000</ts:OtherInvestmentsNoncurrentOthers>
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      id="Tag2287"
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    <ifrs-full:DisclosureOfBorrowingsExplanatory contextRef="D20221231_3" id="Tag2412">&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;20&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit; margin-left: 30px;"&gt;Borrowings&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Non-current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bank borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;46,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;111,452&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Costs of issue of debt &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;46,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;111,432&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bank borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;682,255&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;219,566&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bank overdrafts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;94&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;60&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Costs of issue of debt &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (20) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (125&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;682,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;219,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total Borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The maturity of borrowings is as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_A1JT4FYE1C00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 112px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1 year or less &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; 1 - 2 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; 2 &#x2013; 3 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Over 3 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff; height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;At December 31, 2022&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;682,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;41,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;682,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;41,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Interest to be accrued &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;26,153&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;821&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;64&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;27,046&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;708,482&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;42,754&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,064&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;755,808&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&#160;&lt;/sup&gt;&lt;span&gt;Includes the effect of hedge accounting.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div/&gt;&lt;div id="t_ft_3LOADGE2CW00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1 year or less &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; 1 - 2 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; 2 &#x2013; 3 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Over 3 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;219,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;107,438&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;219,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;107,438&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Interest to be accrued &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,465&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;560&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,038&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;221,966&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;107,998&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,007&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;333,971&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-size: 9pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&#160;&lt;/span&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span&gt;&lt;span style="line-height: inherit;"&gt;&#160;Includes the effect of hedge accounting&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Significant borrowings include:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; In millions of U.S. dollars &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.5642%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 51.1185%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Disbursement date &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 17.5642%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Borrower &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Type &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Final maturity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Outstanding &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tamsa &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Maverick &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: top; width: 51.1185%;" valign="top"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tubos del Caribe &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;90&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tamsa &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;80&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 51.1185%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Siderca &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;55&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;As of December 31, &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;20&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;, Tenaris wa&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;s in compliance with all of its &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;covenants. &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;The weighted average interest rates before tax shown below were calculated using the rates set for each instrument in its corresponding currency as of December 31, &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;20&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt; and 20&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;, &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;considering hedge accounting&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt; where applicable&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 12pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Total borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9.45% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.09% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Breakdown of long-term borrowings by currency and rate is as follows:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Non-current borrowings&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 105px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Interest rates &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 62%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 15%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;20,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;99,587&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11,845&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total non-current borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;46,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;111,432&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div/&gt;&lt;div&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;Breakdown of short-term borrowings by currency and rate is as follows:&lt;/span&gt;&lt;br/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Current&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt; borrowings&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 187px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Interest rates &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;200,350&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;17,015&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;206,336&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; EUR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,273&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; EUR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;26,829&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,706&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; MXN &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;141,802&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;141,861&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; ARS &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;74,025&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,947&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;26,022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;29,964&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;22,677&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total current borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;682,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;219,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;Borrowing&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt; evolution&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_6Y4VEVFR7400000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 163px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Non current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;111,432&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;219,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (18&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (28,705&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Proceeds and repayments, net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49,948&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;371,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Interests accrued less payments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;158&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (115,087&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;115,087&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Increase due to business combinations &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;138&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Overdrafts variation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;34&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;46,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;682,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-size: 9pt;"&gt;&lt;span style="font-family: 'Times New Roman'; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&#160;&lt;/span&gt;&lt;span style="line-height: inherit; font-family: 'times new roman', times;"&gt;&lt;span&gt;&lt;span style="line-height: inherit;"&gt;Related to Parques E&#xf3;licos de la Buena Ventura&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; S.A.&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; acquisition, for more information see note &lt;/span&gt;&lt;span style="line-height: inherit;"&gt;33&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfBorrowingsExplanatory>
    <ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory contextRef="D20221231_3" id="Tag3116">&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Non-current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bank borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;46,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;111,452&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Costs of issue of debt &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;46,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;111,432&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bank borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;682,255&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;219,566&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bank overdrafts &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;94&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;60&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Costs of issue of debt &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (20) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (125&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;682,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;219,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 1pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total Borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory>
    <ts:NoncurrentBorrowingsBeforeCostsOfIssueOfDebt
      contextRef="I20221231_BankBorrowingsMember"
      decimals="-3"
      id="Tag2393"
      unitRef="USD">46433000</ts:NoncurrentBorrowingsBeforeCostsOfIssueOfDebt>
    <ts:NoncurrentBorrowingsBeforeCostsOfIssueOfDebt
      contextRef="I20211231_BankBorrowingsMember"
      decimals="-3"
      id="Tag2314"
      unitRef="USD">111452000</ts:NoncurrentBorrowingsBeforeCostsOfIssueOfDebt>
    <ts:NoncurrentCostsOfIssueOfDebt
      contextRef="I20221231"
      id="Tag2351"
      unitRef="USD"
      xsi:nil="true"/>
    <ts:NoncurrentCostsOfIssueOfDebt
      contextRef="I20211231"
      decimals="-3"
      id="Tag2300"
      unitRef="USD">20000</ts:NoncurrentCostsOfIssueOfDebt>
    <ifrs-full:LongtermBorrowings
      contextRef="I20221231"
      decimals="-3"
      id="Tag2315"
      unitRef="USD">46433000</ifrs-full:LongtermBorrowings>
    <ifrs-full:LongtermBorrowings
      contextRef="I20211231"
      decimals="-3"
      id="Tag2328"
      unitRef="USD">111432000</ifrs-full:LongtermBorrowings>
    <ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt
      contextRef="I20221231_BankBorrowingsMember"
      decimals="-3"
      id="Tag2311"
      unitRef="USD">682255000</ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt>
    <ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt
      contextRef="I20211231_BankBorrowingsMember"
      decimals="-3"
      id="Tag2389"
      unitRef="USD">219566000</ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt>
    <ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt
      contextRef="I20221231_BankOverdrafts1Member"
      decimals="-3"
      id="Tag2301"
      unitRef="USD">94000</ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt>
    <ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt
      contextRef="I20211231_BankOverdrafts1Member"
      decimals="-3"
      id="Tag2342"
      unitRef="USD">60000</ts:CurrentBorrowingsBeforeCostsOfIssueOfDebt>
    <ts:CurrentCostsOfIssueOfDebt
      contextRef="I20221231"
      decimals="-3"
      id="Tag2349"
      unitRef="USD">20000</ts:CurrentCostsOfIssueOfDebt>
    <ts:CurrentCostsOfIssueOfDebt
      contextRef="I20211231"
      decimals="-3"
      id="Tag2364"
      unitRef="USD">125000</ts:CurrentCostsOfIssueOfDebt>
    <ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
      contextRef="I20221231"
      decimals="-3"
      id="Tag2354"
      unitRef="USD">682329000</ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings>
    <ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
      contextRef="I20211231"
      decimals="-3"
      id="Tag2371"
      unitRef="USD">219501000</ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings>
    <ifrs-full:Borrowings
      contextRef="I20221231"
      decimals="-3"
      id="Tag2373"
      unitRef="USD">728762000</ifrs-full:Borrowings>
    <ifrs-full:Borrowings
      contextRef="I20211231"
      decimals="-3"
      id="Tag77"
      unitRef="USD">330933000</ifrs-full:Borrowings>
    <ts:DisclosureOfDetailedInformationAboutTheMaturityOfBorrowingsTextBlock contextRef="D20221231_3" id="Tag2294">&lt;div id="t_ft_A1JT4FYE1C00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 112px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1 year or less &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; 1 - 2 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; 2 &#x2013; 3 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Over 3 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff; height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;At December 31, 2022&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;682,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;41,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;682,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;41,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;728,762&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Interest to be accrued &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;26,153&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;821&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;64&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;27,046&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;708,482&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;42,754&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,064&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;755,808&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&#160;&lt;/sup&gt;&lt;span&gt;Includes the effect of hedge accounting.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div/&gt;&lt;div id="t_ft_3LOADGE2CW00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1 year or less &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; 1 - 2 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; 2 &#x2013; 3 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Over 3 years &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;219,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;107,438&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;219,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;107,438&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,994&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;330,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Interest to be accrued &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,465&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;560&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,038&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;221,966&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;107,998&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,007&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;333,971&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; 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font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 51.1185%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Disbursement date &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 17.5642%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Borrower &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Type &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Final maturity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Outstanding &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tamsa &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Maverick &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: top; width: 51.1185%;" valign="top"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tubos del Caribe &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;90&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tamsa &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;80&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 51.1185%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Siderca &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Bilateral &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;55&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutSignificantBorrowingsTextBlock>
    <ifrs-full:Borrowings
      contextRef="I20221231_SignificantBorrowingsAsOfClosingDateMember_TamsaMember"
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      id="Tag2310"
      unitRef="USD">100000000</ifrs-full:Borrowings>
    <ifrs-full:Borrowings
      contextRef="I20221231_SignificantBorrowingsOneAsOfClosingDateMember_MaverickTubeCorporationAndSubsidiariesMember"
      decimals="-6"
      id="Tag2384"
      unitRef="USD">100000000</ifrs-full:Borrowings>
    <ifrs-full:Borrowings
      contextRef="I20221231_SignificantBorrowingsTwoAsOfClosingDateMember_TubosDelCaribeMember"
      decimals="-6"
      id="Tag2367"
      unitRef="USD">90000000</ifrs-full:Borrowings>
    <ifrs-full:Borrowings
      contextRef="I20221231_SignificantBorrowingsThreeAsOfClosingDateMember_TamsaMember"
      decimals="-6"
      id="Tag78"
      unitRef="USD">80000000</ifrs-full:Borrowings>
    <ifrs-full:Borrowings
      contextRef="I20221231_SignificantBorrowingsFourAsOfClosingDateMember_SidercaSaicAndSubsidiariesMember"
      decimals="-6"
      id="Tag2308"
      unitRef="USD">55000000</ifrs-full:Borrowings>
    <ts:DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock contextRef="D20221231_3" id="Tag2296">&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 12pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Total borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9.45% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2.09% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutWeightedAverageInterestRatesOfBorrowingsTextBlock>
    <ifrs-full:BorrowingsInterestRate
      contextRef="I20221231_WeightedAverageMember_3"
      decimals="4"
      id="Tag2317"
      unitRef="Pure">0.0945</ifrs-full:BorrowingsInterestRate>
    <ifrs-full:BorrowingsInterestRate
      contextRef="I20211231_WeightedAverageMember_3"
      decimals="4"
      id="Tag2341"
      unitRef="Pure">0.0209</ifrs-full:BorrowingsInterestRate>
    <ts:DisclosureOfDetailedInformationAboutBorrowingsByCurrencyAndRateTextBlock contextRef="D20221231_3" id="Tag2295">&lt;table cellpadding="0" style="height: 105px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Interest rates &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 62%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 15%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;20,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;99,587&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,933&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11,845&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total non-current borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;46,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;111,432&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;table cellpadding="0" style="height: 187px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Interest rates &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;200,350&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;17,015&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;206,336&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; EUR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,273&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; EUR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;26,829&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,706&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; MXN &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;141,802&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;141,861&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; ARS &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;74,025&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,947&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Variable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;26,022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fixed &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;29,964&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;22,677&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total current borrowings &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; 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font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Non current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Current &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;111,432&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;219,501&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (18&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (28,705&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Proceeds and repayments, net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49,948&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;371,500&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Interests accrued less payments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;158&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (115,087&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;115,087&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Increase due to business combinations &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;138&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Overdrafts variation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;34&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;46,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;682,329&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-size: 9pt;"&gt;&lt;span style="font-family: 'Times New Roman'; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&#160;&lt;/span&gt;&lt;span style="line-height: inherit; font-family: 'times new roman', times;"&gt;&lt;span&gt;&lt;span style="line-height: inherit;"&gt;Related to Parques E&#xf3;licos de la Buena Ventura&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; S.A.&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; acquisition, for more information see note &lt;/span&gt;&lt;span style="line-height: inherit;"&gt;33&lt;/span&gt;&lt;span style="line-height: inherit;"&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ts:DisclosureOfBorrowingsEvolutionTextBlock>
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      unitRef="USD">682329000</ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings>
    <ifrs-full:DisclosureOfDeferredTaxesExplanatory contextRef="D20221231_3" id="Tag3084">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; color: #003366;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;21&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Deferred &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;tax&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt; assets and liabilities&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Deferred income taxes are calculated in full on temporary differences under the liability method using the tax rate of each country.&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;evolution of&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; deferred tax assets and liabilities&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;during the year &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;is&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; as follows:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Deferred tax liabilities&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 105px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Fixed assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Intangible assets and other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;669,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;27,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;104,346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;801,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (64&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;15&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;600&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;551&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,719&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,719&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement (credit) / charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (94,099&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;16,009&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,877&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (70,213&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;575,667&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;43,532&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;114,542&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;733,741&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; text-indent: 0px; width: 100%; height: 131px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 36px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Fixed assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Intangible assets and other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 52.907%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;702,415&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.45349%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;15,255&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;125,793&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;843,463&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (461&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,059&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,520&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Decrease due to sale of subsidiaries &lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.45349%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,061&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,061&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement (credit) / charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (31,487&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.45349%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12,253&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (23,449&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (42,683&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;669,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;27,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;104,346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;801,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Deferred tax assets&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; width: 100%; text-indent: 0px; height: 121px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 36px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Provisions and allowances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Tax losses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (25,083&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (85,037&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (485,763&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (176,627&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (772,510&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (345&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;114&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;747&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (245) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;271&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;954&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;954&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement charge / (credit) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (389&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (95,229&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;174,427&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,934&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;97,743&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (25,817&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (180,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (310,589&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (156,984&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (673,542&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 129px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 34px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Provisions and allowances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Tax losses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (21,208&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (85,937&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (480,149&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (206,958&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (794,252&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;606&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;80&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,195&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,387&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Decrease due to sale of subsidiaries &lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;93&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;104&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,587&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,587&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement charge / (credit) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (4,381&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;201&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,694) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;26,538&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;16,664&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (25,083&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (85,037&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (485,763&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (176,627&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (772,510&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;span&gt;Related to Geneva sale. See note &lt;span style="border-left: none; border-right: none;"&gt;6&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div&gt;&lt;div id="t_ft_1ZXSFU2F4000000000000000000000b"/&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Deferred tax assets related to taxable losses of Tenaris subsidiaries are recognized to the extent it is considered probable that future taxable profits will be available&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;,&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; against which such losses can be utilized in the foreseeable future. This amount includes $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;300&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million related to U&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;S&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; subsidiaries mainly due to the recognition of accelera&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ted fiscal depreciations, as well as the amounts &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;related to the acquisition of IPSCO&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; in 2020&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The remaining balance mainly corresponds to Tenaris&#x2019;s &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Saudi Arabian&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; subsidiar&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ies. These subsidiaries&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; have &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;incurred in fiscal losses in the past&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;one or &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;two years&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;. &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Tenaris has concluded that these deferred tax assets will be recoverable based on t&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;he business plans and budgets.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Approximately 100% of the recognized tax losses have an expiration date in more than 5 years or do not expire.&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;As of December 31, 20&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, the net unrecognized deferred tax assets amount&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ed&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; to $&lt;/span&gt;120.4&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million. &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;U&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;nrecognized tax &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;credits&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;with expiration dates in &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;less than 1 year, between 2 and 5 years and more than 5 years &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;or without expiration date &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;are&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; approximately &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;8&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;%, &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;4&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;% and &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;88&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;% respectively.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The estimated recovery analysis of deferred tax assets and settlement of deferred tax liabilities, which takes into consideration &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;m&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;anagement assumptions and estimates, is as follows:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 71px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred tax assets to be recovered after 12 months &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (171,717&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (611,552&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred tax liabilities to be settled after 12 months &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;688,124&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;782,128&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Deferred income tax assets and liabilities are offset when (1) there is a legally enforceable right to set&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;-&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;off current tax assets against current tax liabilities and (2)&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; when&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; the deferred income taxes relate to the same fiscal authority&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;. The following amounts, determined after appropriate set&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;-&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;off, are shown in the &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;C&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;onsolidated &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;S&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;tatement of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;F&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;inancial &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;P&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;osition&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 88px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred tax assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (208,870&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (245,547&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred tax liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;269,069&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;274,721&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;60,199&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;29,174&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The movement i&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;n the net deferred income tax liability account is as follows:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 136px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;29,174&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49,211&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;822&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Decrease due to sale of subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (533&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,673&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,648&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement charge / (credit) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;27,530&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (26,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;60,199&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;29,174&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;</ifrs-full:DisclosureOfDeferredTaxesExplanatory>
    <ts:DisclosureOfDeferredTaxAssetsAndLiabilitiesTextBlock contextRef="D20221231_3" id="Tag865">&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Deferred tax liabilities&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 105px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Fixed assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Intangible assets and other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;669,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;27,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;104,346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;801,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (64&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;15&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;600&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;551&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,719&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,719&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement (credit) / charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (94,099&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;16,009&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,877&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (70,213&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;575,667&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;43,532&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;114,542&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;733,741&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; text-indent: 0px; width: 100%; height: 131px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 36px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Fixed assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Intangible assets and other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 52.907%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;702,415&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.45349%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;15,255&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;125,793&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;843,463&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (461&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,059&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,520&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Decrease due to sale of subsidiaries &lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.45349%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (637&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,061&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,061&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement (credit) / charge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (31,487&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.45349%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12,253&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (23,449&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (42,683&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;669,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;27,508&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;104,346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;801,684&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Deferred tax assets&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; width: 100%; text-indent: 0px; height: 121px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 36px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Provisions and allowances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Tax losses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (25,083&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (85,037&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (485,763&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (176,627&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (772,510&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (345&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;114&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;747&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (245) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;271&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;954&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;954&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement charge / (credit) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (389&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (95,229&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;174,427&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,934&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;97,743&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (25,817&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (180,152&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (310,589&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (156,984&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (673,542&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 129px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 34px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Provisions and allowances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Tax losses &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (21,208&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (85,937&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (480,149&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (206,958&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (794,252&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;606&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;80&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,195&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,387&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Decrease due to sale of subsidiaries &lt;span style="font-size: 9pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;93&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;104&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,587&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,587&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement charge / (credit) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; 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    <ts:DeferredTaxTextBlock contextRef="D20221231_3" id="Tag3117">&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 88px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred tax assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (208,870&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (245,547&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Deferred tax liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;269,069&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;274,721&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;60,199&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;29,174&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 136px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;29,174&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49,211&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;822&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Decrease due to sale of subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (533&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Charged to other comprehensive income &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,673&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,648&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Income statement charge / (credit) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;27,530&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (26,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; 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line-height: inherit;"&gt;(i)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Other liabilities &#x2013; Non current&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 102px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; 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margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Post-employment benefits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;108,936&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;111,904&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other long-term benefits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;71,446&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;71,345&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Miscellaneous &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49,760&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48,432&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;230,142&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;231,681&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;div&gt;&lt;br/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;Post-employment benefits&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 12.5pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12.5pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Unfunded &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;103,822&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;103,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12.5pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Funded &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,114&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,063&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12.5pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;108,936&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;111,904&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 14.08pt; padding-left: 8.42pt; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;Unfunded&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_AP5R992TOG00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 197px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;103,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;115,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Current service cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,810&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,728&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Interest cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,610&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,997&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Curtailments and settlements &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (64&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (422&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Remeasurements&#160;&lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;4,228&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;3,174&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,657&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,716&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Benefits paid from the plan &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,111&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (13,539&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassified to current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (461&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (8,884&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,082&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (271) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;103,822&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;103,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;span&gt;For 2022 a gain of $0.1 million is attributable to demographic assumptions and a gain of $4.1 million to financial assumptions.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="line-height: inherit;"&gt;For &lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt; a loss of $&lt;span style="border-left: none; border-right: none;"&gt;0.7&lt;/span&gt; million is attributable to demographic assumptions and a loss of $&lt;span style="border-left: none; border-right: none;"&gt;2.5&lt;/span&gt; million to financial assumptions&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The actuarial assumptions&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; for the most relevant plans&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; were as follows:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 65px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 14px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 14px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Discount rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4% - 7% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1% - 7% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Rate of compensation increase &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;0% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;As o&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;f December 31, 20&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;2&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, an increase / (decrease) of 1% in the discount rate assumption &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;of the main plans &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;would have generated a (decrease) / increase on the &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;defined benefit obligation &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;of $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;5.2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;million and &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;5.9&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;million respectively, and an increase / (decrease) of 1% in the rate of compensation assumption &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;of the main plans &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;would have generated an increase / (decrease) impact on the &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;defined benefit obligation of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;3.2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million and &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;$&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2.9&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;million respectivel&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;y. The above sensitivity analyse&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;s &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;are&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; based on a change in discount rate and rate of compensation while holding all other assumptions&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; list-style-type: square; padding-left: 0pt;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 14.08pt; padding-left: 8.42pt; text-indent: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;Funded&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-style: normal; line-height: inherit;"&gt;The amounts recognized in the statement of financial position&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: normal; line-height: inherit;"&gt; for the current annual period and&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: normal; line-height: inherit;"&gt; the&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: normal; line-height: inherit;"&gt; previous &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: normal; line-height: inherit;"&gt;annual period&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: normal; line-height: inherit;"&gt;are as follows:&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_E14DQZZ3R400000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 88px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Present value of funded obligations &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;116,617&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;159,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fair value of plan assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (126,842&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (160,504&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 20px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-weight: bold;"&gt;Asset &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;10,225&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;976&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt; and &lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;, $14.6 million and $9 million corresponding to plans with surplus balances that were reclassified within other non-current assets, respectively.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div&gt;&lt;p style="margin:0pt"&gt;&lt;br/&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The movement in the present value of funded obligations is as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_8WCJ043U8000000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 155px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;159,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;176,309&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (6,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;356&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Current service cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;154&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;222&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Interest cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,293&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,190&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 19px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 19px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Remeasurements&#160;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (30,349&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (7,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Benefits paid &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (10,374&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (14,530&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;116,617&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;159,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;For &lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt; a gain of $4.8 million is attributable to demographic assumptions and a gain of $25.6 million to financial assumptions.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;For &lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt; a gain of $&lt;span style="border-left: none; border-right: none;"&gt;0.4&lt;/span&gt; million is attributable to demographic assumptions and a gain of $&lt;span style="border-left: none; border-right: none;"&gt;6.6&lt;/span&gt; million to financial assumptions.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The movement in the fair value of plan assets is as follows:&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_FBNFXLLVDS00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (160,504&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (157,335&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,639&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (250&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Return on plan assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (4,319&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,793&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Remeasurements &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;20,987&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (10,817&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Contributions paid to the plan &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (435&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,338&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Benefits paid from the plan &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;10,374&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;14,530&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;416&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;499&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (126,842&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (160,504&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The major categories of plan assets as a percentage of total plan assets are as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_ZXNQQ8KXK000000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Equity instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;28.8% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49.2% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Debt instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;67.2% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;46.7% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4.0% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4.1% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"/&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The actuarial assumptions for the most relevant plans were as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 68px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff; height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Discount rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3% - 5% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Rate of compensation increase &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;0% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;0% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The expected return on plan assets is determined by considering the expected returns available on the assets underlying the current investment policy. Expected return on plan assets is determined based on long-term, prospective rates of return as of the end of the reporting period.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;As of December 31, 2022, an increase / (decrease) of 1% in the discount rate assumption of the main plans would have generated a (decrease) / increase on the defined benefit obligation of $10.3 million and $11.9 million respectively, and an increase / (decrease) of 1% in the compensation rate assumption of the main plans would have generated an increase / (decrease) on the defined benefit obligation of $0.7 million and $0.7 million respectively. The above sensitivity analyses are based on a change in discount rate and rate of compensation while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;There are no expected employer contributions for the year 2023.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The methods and types of assumptions used in preparing the sensitivity analyses did not change compared to the previous period.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;br/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;(ii)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;Other liabilities &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;&#x2013;&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;C&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;urrent&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Payroll and social security payable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;224,630&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;174,794&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Miscellaneous &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;35,984&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;28,931&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;260,614&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;203,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfOtherLiabilitiesExplanatory>
    <ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory contextRef="D20221231_3" id="Tag1118">&lt;table cellpadding="0" style="height: 102px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Post-employment benefits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;108,936&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;111,904&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other long-term benefits &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;71,446&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;71,345&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Miscellaneous &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49,760&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48,432&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;230,142&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;231,681&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory>
    <ts:NoncurrentPostemploymentBenefits
      contextRef="I20221231"
      decimals="-3"
      id="Tag1140"
      unitRef="USD">108936000</ts:NoncurrentPostemploymentBenefits>
    <ts:NoncurrentPostemploymentBenefits
      contextRef="I20211231"
      decimals="-3"
      id="Tag1240"
      unitRef="USD">111904000</ts:NoncurrentPostemploymentBenefits>
    <ts:OtherNoncurrentBenefits
      contextRef="I20221231"
      decimals="-3"
      id="Tag1236"
      unitRef="USD">71446000</ts:OtherNoncurrentBenefits>
    <ts:OtherNoncurrentBenefits
      contextRef="I20211231"
      decimals="-3"
      id="Tag1316"
      unitRef="USD">71345000</ts:OtherNoncurrentBenefits>
    <ts:OtherNoncurrentMiscellaneousLiabilities
      contextRef="I20221231"
      decimals="-3"
      id="Tag1380"
      unitRef="USD">49760000</ts:OtherNoncurrentMiscellaneousLiabilities>
    <ts:OtherNoncurrentMiscellaneousLiabilities
      contextRef="I20211231"
      decimals="-3"
      id="Tag1218"
      unitRef="USD">48432000</ts:OtherNoncurrentMiscellaneousLiabilities>
    <ifrs-full:OtherNoncurrentLiabilities
      contextRef="I20221231"
      decimals="-3"
      id="Tag1336"
      unitRef="USD">230142000</ifrs-full:OtherNoncurrentLiabilities>
    <ifrs-full:OtherNoncurrentLiabilities
      contextRef="I20211231"
      decimals="-3"
      id="Tag1327"
      unitRef="USD">231681000</ifrs-full:OtherNoncurrentLiabilities>
    <ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory contextRef="D20221231_3" id="Tag1146">&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 12.5pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12.5pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Unfunded &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;103,822&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;103,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12.5pt;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Funded &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,114&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,063&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 12.5pt; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;108,936&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;111,904&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_AP5R992TOG00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 197px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;103,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;115,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Current service cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,810&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,728&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Interest cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,610&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,997&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Curtailments and settlements &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (64&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (422&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 10px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Remeasurements&#160;&lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;4,228&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;3,174&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,657&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,716&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Benefits paid from the plan &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,111&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (13,539&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassified to current liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (461&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (8,884&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,082&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (271) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;103,822&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;103,841&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;span&gt;For 2022 a gain of $0.1 million is attributable to demographic assumptions and a gain of $4.1 million to financial assumptions.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="line-height: inherit;"&gt;For &lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt; a loss of $&lt;span style="border-left: none; border-right: none;"&gt;0.7&lt;/span&gt; million is attributable to demographic assumptions and a loss of $&lt;span style="border-left: none; border-right: none;"&gt;2.5&lt;/span&gt; million to financial assumptions&lt;/span&gt;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_E14DQZZ3R400000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 88px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Present value of funded obligations &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;116,617&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;159,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Fair value of plan assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (126,842&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (160,504&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 20px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 20px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-weight: bold;"&gt;Asset &lt;span style="font-size: 8pt;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;10,225&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (&lt;span style="border-left: none; border-right: none;"&gt;976&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; line-height: inherit;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="font-style: normal; line-height: inherit;"&gt;&lt;sup&gt;(*)&lt;/sup&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;&lt;span style="border-right: none; border-left: none;"&gt;In &lt;span style="border-left: none; border-right: none;"&gt;2022&lt;/span&gt; and &lt;span style="border-left: none; border-right: none;"&gt;2021&lt;/span&gt;, $14.6 million and $9 million corresponding to plans with surplus balances that were reclassified within other non-current assets, respectively.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_8WCJ043U8000000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 155px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;159,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;176,309&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (6,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;356&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Current service cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;154&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;222&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Interest cost &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,293&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,190&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 19px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 19px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Remeasurements&#160;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (30,349&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (7,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Benefits paid &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (10,374&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (14,530&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;116,617&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;159,528&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; 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      id="Tag1350"
      unitRef="USD">103822000</ifrs-full:LiabilityAssetOfDefinedBenefitPlans>
    <ifrs-full:LiabilityAssetOfDefinedBenefitPlans
      contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="-3"
      id="Tag1330"
      unitRef="USD">103841000</ifrs-full:LiabilityAssetOfDefinedBenefitPlans>
    <ifrs-full:ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset
      contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag1220"
      unitRef="USD">100000</ifrs-full:ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset>
    <ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset
      contextRef="D20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag1374"
      unitRef="USD">4100000</ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset>
    <ifrs-full:ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset
      contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag1254"
      unitRef="USD">-700000</ifrs-full:ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset>
    <ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset
      contextRef="D20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag1331"
      unitRef="USD">-2500000</ifrs-full:ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset>
    <ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory contextRef="D20221231_3" id="Tag1131">&lt;table cellpadding="0" style="height: 65px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 14px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 14px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Discount rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4% - 7% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1% - 7% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Rate of compensation increase &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;0% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 68px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="background-color: #cceeff; height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Discount rate &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3% - 5% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Rate of compensation increase &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: right; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;0% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;0% - 3% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory>
    <ifrs-full:ActuarialAssumptionOfDiscountRates
      contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_BottomOfRangeMember_1"
      decimals="2"
      id="Tag1234"
      unitRef="Pure">0.04</ifrs-full:ActuarialAssumptionOfDiscountRates>
    <ifrs-full:ActuarialAssumptionOfDiscountRates
      contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_TopOfRangeMember_1"
      decimals="2"
      id="Tag1332"
      unitRef="Pure">0.07</ifrs-full:ActuarialAssumptionOfDiscountRates>
    <ifrs-full:ActuarialAssumptionOfDiscountRates
      contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_BottomOfRangeMember_1"
      decimals="2"
      id="Tag1289"
      unitRef="Pure">0.01</ifrs-full:ActuarialAssumptionOfDiscountRates>
    <ifrs-full:ActuarialAssumptionOfDiscountRates
      contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_TopOfRangeMember_1"
      decimals="2"
      id="Tag1376"
      unitRef="Pure">0.07</ifrs-full:ActuarialAssumptionOfDiscountRates>
    <ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases
      contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_BottomOfRangeMember_1"
      decimals="2"
      id="Tag1342"
      unitRef="Pure">0.02</ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases>
    <ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases
      contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_TopOfRangeMember_1"
      decimals="2"
      id="Tag1359"
      unitRef="Pure">0.03</ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases>
    <ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases
      contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_BottomOfRangeMember_1"
      decimals="2"
      id="Tag1145"
      unitRef="Pure">0</ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases>
    <ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases
      contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember_TopOfRangeMember_1"
      decimals="2"
      id="Tag1276"
      unitRef="Pure">0.03</ifrs-full:ActuarialAssumptionOfExpectedRatesOfSalaryIncreases>
    <ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfDiscountRatesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="2"
      id="Tag3112"
      unitRef="Pure">0.01</ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption>
    <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfDiscountRatesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag1226"
      unitRef="USD">5200000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption>
    <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfDiscountRatesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag1341"
      unitRef="USD">5900000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption>
    <ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="2"
      id="Tag1353"
      unitRef="Pure">0.01</ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption>
    <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag1345"
      unitRef="USD">3200000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption>
    <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_PensionDefinedBenefitPlansMember_WhollyUnfundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag1365"
      unitRef="USD">2900000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption>
    <ifrs-full:DefinedBenefitObligationAtPresentValue
      contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-3"
      id="Tag3115"
      unitRef="USD">116617000</ifrs-full:DefinedBenefitObligationAtPresentValue>
    <ifrs-full:DefinedBenefitObligationAtPresentValue
      contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-3"
      id="Tag1245"
      unitRef="USD">159528000</ifrs-full:DefinedBenefitObligationAtPresentValue>
    <ifrs-full:PlanAssetsAtFairValue
      contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-3"
      id="Tag1383"
      unitRef="USD">126842000</ifrs-full:PlanAssetsAtFairValue>
    <ifrs-full:PlanAssetsAtFairValue
      contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-3"
      id="Tag1360"
      unitRef="USD">160504000</ifrs-full:PlanAssetsAtFairValue>
    <ifrs-full:SurplusDeficitInPlan
      contextRef="I20221231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-3"
      id="Tag1375"
      unitRef="USD">10225000</ifrs-full:SurplusDeficitInPlan>
    <ifrs-full:SurplusDeficitInPlan
      contextRef="I20211231_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-3"
      id="Tag1382"
      unitRef="USD">976000</ifrs-full:SurplusDeficitInPlan>
    <ts:OverfundedPlan
      contextRef="I20221231"
      decimals="-5"
      id="Tag3078"
      unitRef="USD">14600000</ts:OverfundedPlan>
    <ts:OverfundedPlan
      contextRef="I20211231"
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    <ifrs-full:DisclosureOfFairValueOfPlanAssetsExplanatory contextRef="D20221231_3" id="Tag1148">&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_FBNFXLLVDS00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; At the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (160,504&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (157,335&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,639&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (250&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Return on plan assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (4,319&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,793&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Remeasurements &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;20,987&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (10,817&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Contributions paid to the plan &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (435&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,338&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Benefits paid from the plan &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;10,374&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;14,530&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;416&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;499&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (126,842&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (160,504&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The major categories of plan assets as a percentage of total plan assets are as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div id="t_ft_ZXNQQ8KXK000000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Equity instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;28.8% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49.2% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Debt instruments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;67.2% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;46.7% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4.0% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4.1% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"/&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;</ifrs-full:DisclosureOfFairValueOfPlanAssetsExplanatory>
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    <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfDiscountRatesMember_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag3113"
      unitRef="USD">-10300000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption>
    <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfDiscountRatesMember_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag1214"
      unitRef="USD">11900000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption>
    <ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="2"
      id="Tag1216"
      unitRef="Pure">0.01</ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption>
    <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag2984"
      unitRef="USD">700000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption>
    <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption
      contextRef="I20221231_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_PensionDefinedBenefitPlansMember_WhollyOrPartlyFundedDefinedBenefitPlansMember"
      decimals="-5"
      id="Tag3114"
      unitRef="USD">-700000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption>
    <ifrs-full:EstimateOfContributionsExpectedToBePaidToPlan
      contextRef="D20221231_3"
      decimals="-3"
      id="Tag1258"
      unitRef="USD">0</ifrs-full:EstimateOfContributionsExpectedToBePaidToPlan>
    <ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory contextRef="D20221231_3" id="Tag1119">&lt;table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Payroll and social security payable &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;224,630&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;174,794&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Miscellaneous &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;35,984&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;28,931&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;260,614&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;203,725&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"/&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory>
    <ts:CurrentEmployeeRelatedLiabilities
      contextRef="I20221231"
      decimals="-3"
      id="Tag1138"
      unitRef="USD">224630000</ts:CurrentEmployeeRelatedLiabilities>
    <ts:CurrentEmployeeRelatedLiabilities
      contextRef="I20211231"
      decimals="-3"
      id="Tag1222"
      unitRef="USD">174794000</ts:CurrentEmployeeRelatedLiabilities>
    <ts:OtherCurrentMiscellaneousLiabilities
      contextRef="I20221231"
      decimals="-3"
      id="Tag1313"
      unitRef="USD">35984000</ts:OtherCurrentMiscellaneousLiabilities>
    <ts:OtherCurrentMiscellaneousLiabilities
      contextRef="I20211231"
      decimals="-3"
      id="Tag1343"
      unitRef="USD">28931000</ts:OtherCurrentMiscellaneousLiabilities>
    <ifrs-full:OtherCurrentLiabilities
      contextRef="I20221231"
      decimals="-3"
      id="Tag3086"
      unitRef="USD">260614000</ifrs-full:OtherCurrentLiabilities>
    <ifrs-full:OtherCurrentLiabilities
      contextRef="I20211231"
      decimals="-3"
      id="Tag1317"
      unitRef="USD">203725000</ifrs-full:OtherCurrentLiabilities>
    <ts:DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock contextRef="D20221231_3" id="Tag2979">&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; line-height: inherit; color: rgb(0, 51, 102);"&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;23&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;"&gt;Non-current allowances and provisions&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Liabilities&lt;/span&gt;&lt;/p&gt;&lt;p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 136px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;83,556&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;73,218&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;357&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,476&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Additional allowance &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11,102&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,896&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,229&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used and other movements &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;882&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,096&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;98,126&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;83,556&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfNoncurrentAllowancesAndProvisionsTextBlock>
    <ts:DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock contextRef="D20221231_3" id="Tag1389">&lt;table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 136px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;83,556&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;73,218&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;357&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,476&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Additional allowance &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11,102&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,896&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,229&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used and other movements &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;882&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,096&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Values at the end of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;98,126&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;83,556&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutNoncurrentAllowancesAndProvisionsFromLiabilitiesTextBlock>
    <ifrs-full:OtherProvisions
      contextRef="I20211231_ProvisionForNoncurrentLiabilitiesMember"
      decimals="-3"
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      unitRef="USD">83556000</ifrs-full:OtherProvisions>
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    <ts:DisclosureOfCurrentAllowancesAndProvisionsTextBlock contextRef="D20221231_3" id="Tag1491">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 38.75pt; text-indent: -38.75pt;"&gt;&lt;span style="font-family: 'times new roman', times; color: #003366;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;24&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px;"&gt;Current &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;allowances and &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;provisions&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times;"&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold;"&gt;(i)&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold;"&gt;Deducted from assets&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 34px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for doubtful accounts - Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for other doubtful accounts - Other receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for inventory obsolescence &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (47,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,206&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (245,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (12&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;68&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (405&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (Additional) / reversal allowances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (24,901&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (45,495&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (3,479&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (222,666&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 138px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 34px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for doubtful accounts - Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for other doubtful accounts - Other receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for inventory obsolescence &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (53,676&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,917&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (263,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;111&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;227&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,877&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 19px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Decrease due to sale of subsidiaries &lt;span style="vertical-align: super; font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;10&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;405&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (Additional) / reversal allowances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,297&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (23,296&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,146&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;95&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;38,875&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (47,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (3,206&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (245,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(*) &lt;/span&gt;&lt;span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;&#160;Rel&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;ated to Geneva sale. See note &lt;span style="border-left: none; border-right: none;"&gt;6&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div/&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;(ii)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Liabilities&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 121px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 19px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Sales risks &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-weight: bold;"&gt;Other claims and contingencies&#160;&lt;span style="font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,468&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,854&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,322&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (160&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (97&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (257&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Additional provisions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,189&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,504&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,229&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,229&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,437&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,718&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,155&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,186&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;7,999&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;11,185&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 132px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 34px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Sales risks &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-weight: bold;"&gt;Other claims and contingencies&#160;&lt;span style="font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,795&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;10,484&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12,279&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (736&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (739&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Additional provisions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,596&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11,102&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (4,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (4,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 13px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 13px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,476&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (9,306&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,468&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;7,854&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;9,322&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(*) &lt;/span&gt;&lt;span&gt;&#160;&lt;span style="line-height: inherit;"&gt;Other claims and contingencies mainly include lawsuits and other legal proceedings, including employee, tax and environmental-related claims.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;</ts:DisclosureOfCurrentAllowancesAndProvisionsTextBlock>
    <ts:DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock contextRef="D20221231_3" id="Tag3119">&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 34px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for doubtful accounts - Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for other doubtful accounts - Other receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for inventory obsolescence &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (47,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,206&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (245,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (12&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;68&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (405&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (Additional) / reversal allowances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (346&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (24,901&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48,414&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (45,495&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (3,479&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (222,666&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 138px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 34px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for doubtful accounts - Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for other doubtful accounts - Other receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Allowance for inventory obsolescence &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (53,676&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,917&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (263,635&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;111&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;227&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,877&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 19px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Decrease due to sale of subsidiaries &lt;span style="vertical-align: super; font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;10&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;405&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (Additional) / reversal allowances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,297&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;379&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (23,296&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,146&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;95&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;38,875&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (47,120&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (3,206&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (245,774&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 9pt;"&gt;&lt;span style="vertical-align: super; line-height: inherit;"&gt;(*) &lt;/span&gt;&lt;span&gt;&lt;span style="line-height: inherit;"&gt;&lt;span style="line-height: inherit;"&gt;&#160;Rel&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;ated to Geneva sale. See note &lt;span style="border-left: none; border-right: none;"&gt;6&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ts:DisclosureOfDetailedInformationAboutCurrentAllowancesAndProvisionsDeductedFromAssetsTextBlock>
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padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 19px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,468&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,854&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,322&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (160&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (97&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (257&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Additional provisions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; 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padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,229&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,229&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,437&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,718&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,155&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, 2022 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;3,186&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;7,999&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;11,185&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="margin: 0pt; line-height: 1.2;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 132px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 34px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, 2021 &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Sales risks &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-weight: bold;"&gt;Other claims and contingencies&#160;&lt;span style="font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Values at the beginning of the year &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,795&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;10,484&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12,279&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Translation differences &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (736&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (739&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Additional provisions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,506&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;7,596&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11,102&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Reclassifications &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (4,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (4,014&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 13px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 13px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Used &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,830&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (5,476&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; 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margin: 0pt;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-variant: small-caps;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;The net fair values of derivative financial instruments&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;, in accordance with &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;IFRS &lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;13&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;,&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;a&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"&gt;re:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Derivatives hedging borrowings and investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,480&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,472&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other derivatives &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;24,325&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,843&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Contracts with positive fair values &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Derivatives hedging borrowings and investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (147) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other derivatives &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (11,181&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Contracts with negative fair values &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;23,678&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (13&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;div/&gt;&lt;p style="margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-size: 10pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;Foreign e&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;xchange &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;and commodities &lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt;derivative&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt; contracts&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold; line-height: inherit;"&gt; and hedge accounting&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;Te&lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;naris applies hedge accounting &lt;/span&gt;&lt;span style="letter-spacing: -0.1pt; line-height: inherit;"&gt;to certain cash flow hedges of highly probable forecast transactions. &lt;/span&gt;The net fair values of exchange rate derivatives and those derivatives that were designated for hedge accounting as of December 31, 2022 and 2021 were as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 255px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Purchase currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Sell currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Term &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.1894%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Fair Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.6332%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Hedge Accounting Reserve &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; MXN &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,571&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,444&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (67&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (93&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; MXN &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (838&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; EUR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,866&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (7,670&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,786&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (7,430&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; EUR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;20,783&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,092&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;23,935&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,258&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; JPY &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (269&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;557&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; BRL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,490&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,030&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; KWD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (129&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; CAD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;404&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (246&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; GBP &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (11&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (55&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; CNY &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (242&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (130&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; BRL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (238&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;63&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (40&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;27,038&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;21,085&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,292&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; text-align: justify; margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8349%; height: 136px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Purchase Commodity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Term &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Fair Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Hedge Accounting Reserve &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.963%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Houston Ship Channel Gas &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (814&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (33&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.48148%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (814&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (33&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; LME Scrap &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;29&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,148&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 42.963%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Iron Ore &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,274&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Electric Energy &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (519&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (519&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TTF Gas &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,068&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,207&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (3,360&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (33&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (7,963&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (33&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;F&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;ollowing is a summary&lt;/span&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"&gt; of the hedge reserve evolution:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"&gt;&lt;span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-style: normal; line-height: inherit;"&gt;(all amounts in thousands of U.S. dollars)&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"&gt;&lt;span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 68px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 34px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;Equity Reserve &lt;/span&gt;&lt;br/&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;Dec-2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Movements 2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;Equity Reserve &lt;/span&gt;&lt;br/&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;Dec-2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Movements 2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;Equity Reserve &lt;/span&gt;&lt;br/&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;Dec-2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Foreign Exchange &amp;amp; Commodities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (4,771&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,030&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,259&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11,863&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,122&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Total Cash flow Hedge &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (4,771&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;6,030&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,259&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;11,863&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;13,122&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;Tenaris estimates that t&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;he cash flow he&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;dge reserve &lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;corresponding to derivatives instruments &lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;at &lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;December 31, 20&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; will be recycled to the Consolida&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;ted Income &lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;Statement &lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;during 202&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;3&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; For informa&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;tion on &lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;hedge accounting reserve,&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;see&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;s&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;ection III.D&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt; to these Consolidated Financial Statements&lt;/span&gt;&lt;span style="font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory>
    <ts:DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock contextRef="D20221231_3" id="Tag2299">&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 170px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Derivatives hedging borrowings and investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,480&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2,472&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other derivatives &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;24,325&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,843&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Contracts with positive fair values &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;30,805&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;11,315&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Derivatives hedging borrowings and investments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (147) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other derivatives &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (11,181&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Contracts with negative fair values &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (7,127&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (11,328&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;23,678&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; 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text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ts:DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsTextBlock>
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    <ifrs-full:DisclosureOfDetailedInformationAboutHedgedItemsExplanatory contextRef="D20221231_3" id="Tag3003">&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="height: 255px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Purchase currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Sell currency &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Term &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.1894%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Fair Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.6332%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Hedge Accounting Reserve &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; MXN &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,571&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,444&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (67&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (93&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; MXN &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (838&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; EUR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,866&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (7,670&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,786&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (7,430&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; EUR &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;20,783&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,092&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;23,935&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,258&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; JPY &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (269&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;557&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; BRL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,490&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,030&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; KWD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (129&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; CAD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;404&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (246&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; GBP &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (11&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (55&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; CNY &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (242&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (130&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 32.9882%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; BRL &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;223&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (238&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Others &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;63&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (40&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;27,038&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;20&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;21,085&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,292&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; text-align: justify; margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8349%; height: 136px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Purchase Commodity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Term &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Fair Value &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Hedge Accounting Reserve &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.963%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Houston Ship Channel Gas &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (814&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (33&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.48148%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (814&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (33&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"&gt;)&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; LME Scrap &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;29&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (3,148&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 42.963%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Iron Ore &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,274&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Electric Energy &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;2023&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (519&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (519&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;)&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; 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text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;1,259&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; 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font-size: 10pt; font-weight: bold;"&gt; (4,771&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;6,030&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,259&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;11,863&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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    <ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory contextRef="D20221231_3" id="Tag2414">&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; color: #003366;"&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;26&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; margin-left: 30px; line-height: inherit;"&gt;Contingencies,&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; commitments and restrictions &lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;o&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;n&lt;/span&gt;&lt;span style="font-size: 10pt; font-weight: bold; line-height: inherit;"&gt; the distribution of profits&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;(i)&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Contingencies&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Tenaris is from time to time subject to various claims, lawsuits and other legal proceedings, including customer, employee, tax and environmental-related claims, in which third parties are seeking payment for alleged damages, reimbursement for losses, or indemnity. Management with the assistance of legal counsel periodically reviews the status of each significant matter and assesses potential financial exposure. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Some of these claims, lawsuits and other legal proceedings involve highly complex issues, and often these issues are subject to substantial uncertainties and, therefore, the probability of loss and an estimation of damages are difficult to ascertain. Accordingly, with respect to a large portion of such claims, lawsuits and other legal proceedings, the Company is unable to make a reliable estimate of the expected financial effect that will result from ultimate resolution of the proceeding. In those cases, the Company has not accrued a provision for the potential outcome of these cases.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;If a potential loss from a claim, lawsuit or other proceeding is considered probable and the amount can be reasonably estimated, a provision is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements and take into consideration litigation and settlement strategies. In a limited number of ongoing cases, the Company was able to make a reliable estimate of the expected loss or range of probable loss and, depending on the likelihood of occurrence, in some of such cases has accrued a provision for such loss but believes that publication of this information on a case-by-case basis would seriously prejudice the Tenaris&#x2019;s position in the ongoing legal proceedings or in any related settlement discussions. Accordingly, in these cases, the Company has disclosed information with respect to the nature of the contingency but has not disclosed its estimate of the range of potential loss.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The Company believes that the aggregate provisions recorded for potential losses in these Consolidated Financial Statements&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;are adequate based upon currently available information. However, if management&#x2019;s estimates prove incorrect, current reserves could be inadequate and the Company could incur a charge to earnings which could have a material adverse effect on its results of operations, financial condition, net worth and cash flows. &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Below is a &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;summary description of Tenaris&#x2019;s material legal proceedings which are outstanding as of the date of these Consolidated Financial Statements. In addition, the Company is subject to other legal proceedings, none of which is believed to be material.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; margin: 0pt 0pt 0pt 23.78pt; orphans: 0; padding-left: 7.72pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;CSN claims relating to the January 2012 acquisition of Usiminas&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Confab, a Brazilian subsidiary of the Company, is one of the defendants in a lawsuit filed in Brazil by Companhia Sider&#xfa;rgica Nacional (&#x201c;CSN&#x201d;) and various entities affiliated with CSN against Confab and several Ternium subsidiaries that acquired a participation in Usiminas&#x2019; control group in January 2012.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;The CSN lawsuit alleges that, under applicable Brazilian laws and rules, the acquirers were required to launch a tag-along tender offer to all non-controlling holders of Usiminas&#x2019; ordinary shares for a price per share equal to 80% of the price per share paid in such acquisition, or BRL28.8, and seeks an order to compel the acquirers to launch an offer at that price plus interest. If so ordered, the offer would need to be made to 182,609,851 ordinary shares of Usiminas not belonging to Usiminas&#x2019; control group, and Confab would have a 17.9% share in that offer.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="text-align: justify; line-height: 12pt; vertical-align: baseline; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times;"&gt;On September 23, 2013, the first instance court dismissed the CSN lawsuit, and on February 8, 2017, the court of appeals maintained the understanding of the first instance court. On August 18, 2017, CSN filed an appeal to the Superior Court of Justice seeking the review and reversal of the decision issued by the Court of Appeals. On March 5, 2018, the court of appeals ruled that CSN&#x2019;s appeal did not meet the requirements for submission to the Superior Court of Justice and rejected the appeal. On May 8, 2018, CSN appealed against such ruling and on January 22, 2019, the court of appeals rejected it and ordered that the case be submitted to the Superior Court of Justice. On September 10, 2019, the Superior Court of Justice declared CSN&#x2019;s appeal admissible. On March 7, 2023, the Superior Court of Justice, by majority vote, rejected CSN&#x2019;s appeal. Plaintiffs may still appeal against the Superior Court of Justice&#x2019;s decision. At this time, the Company cannot predict whether CSN will appeal against the decision and, if appealed, the ultimate resolution of the matter.&#160;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="text-align: justify; line-height: 12pt; vertical-align: baseline; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times;"&gt;The Company continues to believe that all of CSN&#x2019;s claims and allegations are groundless and without merit, as confirmed by several opinions of Brazilian legal counsel, two decisions issued by the Brazilian securities regulator (&#x201c;CVM&#x201d;) in February 2012 and December 2016, the first and second instance court decisions and the March 2023 decision of the Superior Court of Justice referred to above.&lt;/span&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;Veracel celulose accident litigation&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;On September 21, 2007, an accident occurred in the premises of Veracel Celulose S.A. (&#x201c;Veracel&#x201d;) in connection with a rupture in one of the tanks used in an evaporation system manufactured by Confab. The Veracel accident allegedly resulted in material damages to Veracel. Ita&#xfa; Seguros S.A. (&#x201c;Ita&#xfa;&#x201d;), Veracel&#x2019;s insurer at the time of the Veracel accident and then replaced by Chubb Seguros Brasil S/A (&#x201c;Chubb&#x201d;), initiated a lawsuit against Confab seeking reimbursement of damages paid to Veracel in connection with the Veracel accident. Veracel initiated a second lawsuit against Confab seeking reimbursement of the amount paid as insurance deductible with respect to the Veracel accident and other amounts not covered by insurance. Ita&#xfa; and Veracel claimed that the Veracel accident was caused by failures and defects attributable to the evaporation system manufactured by Confab. Confab believes that the Veracel accident was caused by the improper handling by Veracel&#x2019;s personnel of the equipment supplied by Confab in violation of Confab&#x2019;s instructions. The two lawsuits were consolidated and are considered by the 6th Civil Court of S&#xe3;o Caetano do Sul. However, each lawsuit will be adjudicated separately.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;On September 28, 2018, Confab and Chubb entered into a settlement agreement pursuant to which on October 9, 2018, Confab paid an amount of approximately $3.5 million to Chubb, without assuming any liability for the accident or the claim.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;On October 10, 2018, Confab was notified that the court had issued rulings for both lawsuits. Both decisions were unfavorable to Confab:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 30.88pt; orphans: 0; padding-left: 0.62pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;With respect to Chubb&#x2019;s claim, the court subsequently homologated the above-mentioned settlement and, accordingly, the claim was finalized.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 9pt; line-height: 12pt; margin: 0pt 0pt 0pt 30.42pt; orphans: 0; padding-left: 1.08pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;With respect to Veracel&#x2019;s claim, Confab was ordered to pay the insurance deductible and other concepts not covered by insurance, currently estimated to amount to BRL&lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;91.9&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million (approximately $&lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;17.4&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million) including interest, fees and expenses. Both parties filed motions for clarification against the court&#x2019;s decision, which were partially granted. Although the contract between Confab and Veracel expressly provided that Confab would not be liable for damages arising from lost profits, the court award would appear to include BRL&lt;/span&gt;&lt;span style="border-left: none; border-right: none;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;78.8&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million (approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;15.10&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million) of damages arising therefrom. Confab has additional defense arguments in respect of a claim for lost profits. On December 18, 2018, Confab filed an appeal against the first instance court decision, and on April 30, 2019, Veracel filed its response to the appeal. In June 2022, the court resolved that it lacked jurisdiction to decide on the appeal&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, which was &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;re-allocat&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ed&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; to another court. &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The parties are currently waiting for the trial of the appeal to be scheduled. &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;At this stage the Company cannot predict the outcome of the claim or the amount or range of loss in case of an unfavorable outcome.&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 43.42pt; orphans: 0; text-align: justify; text-indent: -21.8pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;Petrobras-related proceedings and claims&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;The Company is aware that Brazilian, Italian and Swiss authorities investigated whether certain payments were made prior to 2014 from accounts of entities presumably associated with affiliates of the Company to accounts allegedly linked to individuals related to Petr&#xf3;leo Brasileiro S.A. (&#x201c;Petrobras&#x201d;) and whether any such payments were intended to benefit the Company&#x2019;s Brazilian subsidiary Confab.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Upon learning of the investigation, the Audit Committee of the Company's Board of Directors engaged external counsel in connection with the Company&#x2019;s review of these matters. In addition, the Company voluntarily notified the U.S. Securities and Exchange Commission (&#x201c;SEC&#x201d;) and the U.S. Department of Justice (&#x201c;DOJ&#x201d;) in October 2016. The Company conducted, with the assistance of external counsel, an internal investigation and found no evidence corroborating any involvement by the Company or its directors, officers or employees in respect of improper payments. An internal investigation commissioned by Petrobras also found no evidence that Confab obtained any unfair commercial benefit or advantage from Petrobras in return for payments, including improperly obtained contracts. On June 2, 2022, the Company resolved the investigation by the SEC, and the DOJ informed that it had closed its parallel inquiry without taking action. Under the settlement with the SEC, the Company neither admits nor denies the SEC&#x2019;s findings and on June 24, 2022, paid $53.1 million in disgorgement and prejudgment interest and $25 million for a civil penalty to conclude the matter.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;In July 2019, the Company learned that the public prosecutors&#x2019; office of Milan, Italy, had completed a preliminary investigation into the same alleged payments and had included in the investigation, among other persons, the Company&#x2019;s Chairman and Chief Executive Officer, two other board members, Gianfelice Rocca and Roberto Bonatti, and the Company&#x2019;s controlling shareholder, San Faustin. The Company is not a party to the proceedings. On March 22, 2022, upon completion of the evidentiary phase of the trial, the acting prosecutor requested the first-instance court in Milan in charge of the case to impose sanctions on the Company's Chairman and Chief Executive Officer, on the other two board members, and on San Faustin. The Company&#x2019;s outside counsel in Italy advised the Company that neither the case file nor the prosecutor&#x2019;s request contain or identify any evidence of involvement in, or knowledge of, the alleged wrongdoing by any of the three directors. On May 26, 2022, the first-instance court dismissed the case brought by the public prosecutor against the defendants for lack of jurisdiction and stated that the criminal proceeding should not have been initiated. On October 7, 2022, the public prosecutor filed an appeal against the first-instance court&#x2019;s decision. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;In June 2020, the Brazilian public prosecutors&#x2019; office requested the indictment of several individuals, including three executives or former executives of Confab and a former agent of Confab, charging them with the alleged crimes of corruption in relation to contracts executed between 2007 and 2010, and money laundering in relation to payments between 2009 and 2013. These criminal proceedings are underway. Neither the Company nor Confab is a party to these criminal proceedings.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;In addition, Petrobras and the Brazilian public prosecutors filed civil claims for damages against, among others, Confab and the Confab executives named in the criminal proceedings referred to above. Confab became aware of these civil claims in September 2022. As of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;December 31&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, 2022, the aggregate amount of these claims was estimated at BRL&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;284.2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million (or approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;54.5&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million). The plaintiffs also seek that Confab be prohibited from contracting with, or receiving benefits or exemptions from, the Brazilian state for an unspecified term. Confab believes these claims do not address either the defense arguments or the evidence available to the plaintiffs in Brazil and presented in other jurisdictions and is vigorously contesting them. At this stage, the Company cannot predict the outcome of these civil proceedings. &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;Putative class actions&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit; font-size: 10pt;"&gt;&lt;span style="line-height: inherit;"&gt;Following the Company&#x2019;s November 27, 2018, announcement that its Chairman and CEO Paolo Rocca had been included in an Argentine court investigation known as the Notebooks Case (a decision subsequently reversed by a higher court), two putative class action complaints were filed in the U.S. District Court for the Eastern District of New York. On April 29, 2019, the court consolidated the complaints into a single case, captioned &#x201c;In re Tenaris S.A. Securities Litigation&#x201d;, and appointed lead plaintiffs and lead counsel. On July 19, 2019, the lead plaintiffs filed an amended complaint purportedly on behalf of purchasers of Tenaris securities during the putative class period of May 1, 2014, through December 5, 2018. The individual defendants named in the complaint are Tenaris&#x2019;s Chairman and CEO and Tenaris&#x2019;s former CFO. The complaint alleges that during the class period, the Company and the individual defendants inflated the Tenaris share price by failing to disclose that the nationalization proceeds received by Ternium (in which the Company held an 11.46% stake) when Sidor was expropriated by Venezuela were received or expedited as a result of allegedly improper payments made to Argentine officials. The complaint does not specify the damages that plaintiff is seeking. On October 9, 2020, the court granted in part and denied in part the defendants&#x2019; motions to dismiss. The court partially granted and partially denied the motion to dismiss the claims against the Company and its Chairman and CEO. In addition, the court granted the motions to dismiss as to all claims against San Faustin, Techint, and Tenaris&#x2019;s former CFO. On November 11, 2022, the parties filed a joint notice of settlement announcing a settlement in principle of all claims in the action, subject to finalizing the settlement agreements and court approval.&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;span style="line-height: inherit;"&gt;The parties&#x2019; agreement in principle provides that, in exchange for dismissal of the action and customary releases from class members and with no admission of liability by Tenaris or Mr. Rocca, Tenaris will pay to the class $9.5 million (inclusive of legal fees to lead plaintiff&#x2019;s counsel).&#160;&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-ansi-language: EN-GB; mso-no-proof: yes;"&gt;On March 10, 2023, the&#160;lead plaintiffs filed a motion for preliminary approval of the class settlement.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt; orphans: 0; text-align: justify; text-indent: 14.2pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;Administrative proceeding concerning Brazilian tax credits&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Confab is a party to an administrative proceeding concerning the recognition and transfer of tax credits for an amount allegedly exceeding the amount that Confab would have been entitled to recognize and / or transfer. The proceeding resulted in the imposition of a fine against Confab representing approximately 75% of the allegedly undue credits, which was appealed by Confab. On January 21, 2019, Confab was notified of an administrative decision denying Confab&#x2019;s appeal, thereby upholding the tax determination and the fine against Confab. On January 28, 2019, Confab challenged such administrative decision and is currently awaiting a resolution. In case of an unfavorable resolution, Confab may appeal before the courts. The estimated amount of this claim is BRL&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;59.2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million (approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;11.3&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million). At this stage, the Company cannot predict the outcome of this claim.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt; orphans: 0; text-align: justify; text-indent: 14.2pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;"&gt;U.S. patent infringement litigation&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="text-align: justify; line-height: 12pt; vertical-align: baseline; margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times;"&gt;Tenaris Coiled Tubes, LLC (&#x201c;TCT&#x201d;), a U.S. subsidiary of the Company, was sued in 2017 by its competitor Global Tubing, alleging defamatory conduct by TCT and seeking a declaration that certain Global Tubing products do not infringe patents held by TCT. TCT counterclaimed that certain Global Tubing products did infringe patents held by TCT, and Global Tubing has since sought to invalidate such patents. On December 13, 2019, Global Tubing filed an amended complaint (including the Company as defendant), alleging, among other things, that TCT and the Company had misled the patent office. On March 20, 2023, the judge granted summary judgment in favor of Global Tubing, concluding that the patents at issue are unenforceable due to inequitable conduct during the patent prosecution process. TCT and the Company are analyzing whether to appeal this judgment. Although it is not possible to predict the final outcome of this matter, the Company believes that any potential losses arising from this case will not be material.&lt;/span&gt;&lt;span/&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="line-height: 1.2;"&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 23.78pt; orphans: 0; padding-left: 11.67pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; line-height: inherit;"&gt;U.S. Antidumping Duty and Countervailing Duty Investigations&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;On October 27, 2021, the U.S. Department of Commerce (&#x201c;DOC&#x201d;) announced the initiation of antidumping duty investigations of oil country tubular goods (&#x201c;OCTG&#x201d;) from Argentina, Mexico, and Russia and countervailing duty investigations of OCTG from Russia and South Korea. The investigations were initiated on the basis of a petition by U.S. Steel Tubular Products, Inc., a small number of other U.S. domestic welded OCTG producers, and a steelworkers&#x2019; union. On November 22, 2021, the International Trade Commission (&#x201c;ITC&#x201d;) made a preliminary determination of injury, allowing the investigations to proceed. Subsequently, the DOC issued affirmative preliminary and final antidumping determinations with respect to imports from Argentina, Mexico and Russia, and final affirmative countervailing duty determinations with respect to imports from Russia and from some Korean exporters. On October 27, 2022, the ITC determined that the imports under investigation caused injury to the U.S. OCTG industry, bringing the investigation phase to a conclusion. &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Tenaris and other parties have appealed the agency determinations from the investigation to the Court of International Trade. &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;As a result of the investigation, and unless overturned on appeal, Tenaris is required to pay antidumping duty deposits (at a rate of 78.30% for imports from Argentina and 44.93% for imports from Mexico) until such time the imports are reviewed by the DOC to determine whether final duties are necessary for the specific period under review. Tenaris has been paying such deposits since May 11, 2022, reflecting the amount of such deposits in its costs. The deposit rates may be reset periodically based on the results of the review process. It is possible that, through the periodic review process, the deposits may be either returned to Tenaris in whole o&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;r in part, or may be increased.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.05pt; text-align: justify; text-indent: -28.05pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -36pt;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"&gt;(ii)&lt;/span&gt;&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit;"&gt;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"&gt;Commitments and guarantees&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;Set forth is a description of the Tenaris&#x2019;s main outstanding commitments:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Certain subsidiaries of the Company entered into a contract with Praxair S.A. for the service of oxygen and nitrogen supply. As of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Dec&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ember 3&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, 2022, the aggregate amount to take or pay the committed volumes for an original 14-year term totaled approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;36.4&lt;/span&gt;&#160;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;million.&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 9pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;A subsidiary of the Company entered into a 25-year contract (effective as of December 1, 2016, through December 1, 2041) with Techgen for the supply of 197 MW (which represents 22% of Techgen&#x2019;s capacity). Monthly payments are determined on the basis of capacity charges, operation costs, back-up power charges, and transmission charges. As of the seventh contract year (as long as Techgen&#x2019;s existing or replacing bank facility has been repaid in full), the Company&#x2019;s subsidiary has the right to suspend or early terminate the contract if the rate payable under the agreement is higher than the rate charged by the &lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; line-height: inherit;"&gt;Comisi&#xf3;n Federal de Electricidad&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; (&#x201c;CFE&#x201d;) or its successors. The Company&#x2019;s subsidiary may instruct Techgen to sell to any affiliate, to CFE, or to any other third party all or any part of unused contracted energy under the agreement and the Company&#x2019;s subsidiary will benefit from the proceeds of such sale.&#160;&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;A U.S. subsidiary of the Company is a party to a contract with Nucor Steel Memphis Inc. under which it is committed to purchase on a monthly basis a specified minimum volume of steel bars, at prices subject to quarterly adjustments. The contract became effective upon delivery of the first purchase order, which occurred in April 2021, and will remain in force for a 3-year term. As of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Dec&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ember 3&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, 2022, the estimated aggregate contract amount calculated at current prices, is &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;85.8&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;million. The contract gives the subsidiary of the Company the right to temporarily reduce the quantities to be purchased thereunder to 75% of the agreed-upon minimum volume in cases of material adverse changes in prevailing economic or market conditions.&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;In connection with the closing of the acquisition of IPSCO, a U.S. subsidiary of the Company entered into a 6-year master distribution agreement (the &#x201c;MDA&#x201d;) with PAO TMK (&#x201c;TMK&#x201d;) whereby, since January 2, 2020, Tenaris is the exclusive distributor of TMK&#x2019;s OCTG and line pipe products in United States and Canada. At the end of the MDA&#x2019;s 6-year term, TMK will have the option to extend the duration of its term for an additional 12-month period. Under the MDA, the Company is required to purchase specified minimum volumes of TMK-manufactured OCTG and line pipe products, based on the aggregate market demand for the relevant product category in the United States in the relevant year. In February 2022, however, the Company and TMK agreed that there shall be no minimum yearly purchase requirement for the OCTG product category for the year ending December 31, 2022, and there shall be no minimum yearly purchase requirement for TMK line pipe products under the MDA neither for the contract year ending December 31, 2022, nor for any subsequent contract year unti&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;l expiration of the MDA&#x2019;s term.&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-left: none; border-right: none;"/&gt;&lt;/div&gt;&lt;ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;A subsidiary of the Company entered into a contract with the supplier Voestalpine Grobblech GmbH from which it committed to purchase carbon steel for a &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;remaining&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; amount of approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;30.2&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million to use for manufacturing pipes related to the NFXP-QatarGas project.&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 12pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Certain subsidiaries of the Company entered into agreements with Vestas Group for the supply of materials and services related to the construction of a wind farm in Argentina. As of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Dec&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ember 3&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, 2022, the remaining amount related to this commitment was $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;47.7&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Certain subsidiaries of the Company entered into a &lt;span style="-sec-ix-hidden:Tag3205"&gt;&lt;span style="border-left: none; border-right: none;"&gt;one&lt;/span&gt;-year&lt;/span&gt; contract, renewable for &lt;span style="-sec-ix-hidden:Tag3206"&gt;one&lt;/span&gt; additional year, with Ternium USA, Inc., under which they are committed to purchase on a monthly basis specified minimum volumes of steel coils. The contract is effective since March 2022, with deliveries beginning in July 2022 until June 2023. As of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Dec&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ember 3&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;1&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, 2022, the aggregate commitment totaled approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;6.3&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million.&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Certain subsidiaries of the Company entered into a contract with Usiminas from which they committed to purchase steel coils for a total amount of &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;183.6&lt;/span&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; million to use for manufacturing welded pipes for the construction of the Presidente Nestor Kirchner Gas Pipeline (&#x201c;GPNK&#x201d;) in Argentina.&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;A subsidiary of the Company entered into a contract with the supplier JFE Steel Corporation &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;for the purchase &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;tubular material, including 13 Chrome alloy products &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;following the closure of NKK&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Tubes.&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt; For more information see n&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;ote &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;35&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#x201c;&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;Other Information &lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#x2013;&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; line-height: inherit;"&gt;A&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; line-height: inherit;"&gt;greement to terminate NKKTubes joint venture&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; line-height: inherit;"&gt;&#x201d;&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; line-height: inherit;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;In addition, Tenaris (i) applied for stand-by letters of credit as well as corporate guarantees covering certain obligations of Techgen as described i&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;n note 13 (c)&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, (ii) issued corporate guarantees securing certain obligations of GPC, as described in note 13 (d) and (iii) issued performance guarantees mainly related to long&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;-&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;term commercial contracts with several customers and parent companies for approximately $&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;3.6&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;&#160;billion as of December 31, 202&lt;/span&gt;&lt;span style="font-size: 10pt; 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letter-spacing: -0.1pt; line-height: inherit;"&gt;on&lt;/span&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"&gt; the distribution of profits and payment of dividends&#160;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;In accordance with Luxembourg Law, the Company is required to transfer a minimum of 5% of its net profit for each financial year to a legal reserve until such reserve equals 10% of the issued share capital.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;As of December 31, 202&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;2&lt;/span&gt;&lt;span style="font-size: 10pt; line-height: inherit;"&gt;, this reserve is fully allocated and additional allocations to the reserve are not required under Luxembourg law. 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Restrictions have tightened significantly over time. The main currently applicable measures are described below:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Foreign currency proceeds derived from exports of goods must be sold into the Argentine foreign exchange market and converted into Argentine pesos within 60 days (if made to related parties) or 180 days (if made to unrelated parties) from shipment date, or, if collected earlier, within five days of collection. &lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Foreign currency proceeds from exports of services must be sold into the Argentine foreign exchange market and converted into Argentine pesos within five business days of collection.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Access to the Argentine foreign exchange market to pay for imports of services rendered by related parties (including royalties) is generally subject to Argentine Central Bank approval. Effective October 17, 2022, the Argentine Central Bank put in place a new regulation on import of services rendered by non-related parties, pursuant to which the Argentine Central Bank may clear or not the payment of import of services and, if cleared, may determine a payment term equal or different to that being requested. There are no rules on the conditions upon which the Argentine Central Bank may clear or determine alternative payment terms. Effective November 1, 2022, this new regulation replaced previous rules.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Access to the Argentine foreign exchange market to pay for imports of goods is subject to several restrictions. For example, advance payments or at sight cannot be made, and companies cannot access the official foreign exchange market if they hold cash or investments in excess of $100 thousand. Earlier this year, the Argentine government imposed additional limits to the amount of import payments that could be made by any single company per month or per year; companies that exceed such limits were required to obtain import financing of at least 180 days from the date of nationalization of the goods, except to the extent the goods qualify under a very limited number of exceptions, such as the import of capital goods and certain raw materials. Effective October 17, 2022, the Argentine government implemented a new system, known as the SIRA system, pursuant to which the Argentine government may clear or not the payment of imports and, if cleared, may determine a payment term equal or different to that being requested. There are no objective conditions upon which the Argentine government may clear the payment of imports or determine alternative payment terms under the SIRA system. The exceptions for the import of capital goods and certain raw materials, including many of those used by the Company&#x2019;s Argentine subsidiaries, still exist under the SIRA system. &lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Negotiations with the Argentine authorities to raise the foregoing limits and/or expand the list of exceptions to obtain access to foreign currency to pay for import of goods (including raw materials to manufacture goods in Argentina) are ongoing. &lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Access to the Argentine foreign exchange market to pay debt service (principal and interest) for financial debts with related parties requires prior Argentine Central Bank approval, unless the loan proceeds are sold in the Argentine foreign exchange market and converted into Argentine pesos after October 2, 2020, and such debts carry an average life of no less than 2 years.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Debts with foreign creditors larger than $2 million maturing on or before December 31, 2023, need to be refinanced in at least 60% of outstanding principal and for a minimum period of 2 years.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"&gt;&lt;li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Access to the Argentine foreign exchange market to make dividend payments requires prior Argentine Central Bank approval.&lt;/span&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;When required, Argentine Central Bank approvals are rarely, if ever, granted.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Tenaris&#x2019;s financial position in Argentine peso as of December 31, 2022, amounted to a net short exposure of approximately $127 million. As of December 31, 2022, the total equity of Argentine subsidiaries represented approximately 10.6% of Tenaris&#x2019;s total equity and the sales performed by Argentine subsidiaries during the year ended on December 31, 2022, amounted approximately to 20% of Tenaris&#x2019;s total sales. Assets and liabilities denominated in Argentine peso as of December 31, 2022, have been valued at the prevailing official exchange rates.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div style="border-right: none; border-left: none;"/&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Management continues to monitor closely the evolution of the main variables affecting its business, identifying the potential impact thereof on its financial and economic situation and determining the appropriate course of action in each case. The Company&#x2019;s Consolidated Financial Statements should be read taking into account these circumstances.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;This context of volatility and uncertainty remains in place as of the issue date of these Consolidated Financial Statements. If restrictions to access the official foreign exchange market continue to be maintained, or are further tightened, our Argentine subsidiaries could be restricted from making payment of imports for key steelmaking inputs (which would adversely affect their operations), or would need to resort to alternative, more expensive arrangements (which would adversely affect their results of operations).&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;On August 19, 2022, the Board of Directors of Siderca S.A.I.C., an Argentine subsidiary of the Company, approved the distribution of a dividend in kind of approximately ARS7,394 million paid in Argentine sovereign bonds, which in the Argentine market had a valuation of approximately $54.4 million. Considering that, as a result of the foreign exchange restrictions described above, the value of such bonds in the international market was approximately $24.6 million, the Company recorded a loss of approximately $29.8 million in &lt;span style="font-style: italic;"&gt;Other Financial Results.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ts:DisclosureOfForeignExchangeControlMeasuresInForiegnCountriesTextBlock>
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      id="Tag2464"
      unitRef="USD">29800000</ts:LossArisingFromDividendPaidInKind>
    <ifrs-full:DisclosureOfCashFlowStatementExplanatory contextRef="D20221231_3" id="Tag2467">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"&gt;&lt;span style="font-family: &amp;quot;times new roman&amp;quot;, times; font-size: 10pt; color: rgb(0, 51, 102);"&gt;&lt;span style="font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;29&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: bold; margin-left: 30px;"&gt;Cash flow disclosures&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_IA54ID5RCG00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 325px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 19px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (i) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-weight: bold;"&gt;Changes in working capital &lt;/span&gt;&lt;span style="font-weight: bold; vertical-align: super; font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,329,865&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,085,024&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;818,913&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables and prepayments and current tax assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (155,449&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (79,912&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;67,610&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,208,278&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (356,069&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;414,826&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;57,389&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,892&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (36,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Customer advances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;151,066&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;44,661&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (29,253&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Trade payables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;353,892&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;399,988&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (180,807&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (2,131,245&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (1,071,464&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,055,289&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (ii) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Income tax accruals less payments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 6%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 61%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tax accrued &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;617,236&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;189,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;23,150&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Taxes paid &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (359,585&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (153,846&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (140,364&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;257,651&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;35,602&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (117,214&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (iii) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Interest accruals less payments, net &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Interest accrued &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (34,080&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (14,371&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;8,627&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Interest received &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;68,335&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;24,567&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;19,613&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Interest paid &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (32,775&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (21,559&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (28,778&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,480&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (11,363&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (538&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 10pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt;"&gt;&lt;span style="vertical-align: super;"&gt;(*) &lt;/span&gt;&lt;span&gt;&lt;span style="border-right: none; border-left: none;"&gt;Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar.&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfCashFlowStatementExplanatory>
    <ts:DisclosureOfDetailedInformationAboutCashFlowDisclosuresTextBlock contextRef="D20221231_3" id="Tag2466">&lt;div id="t_ft_IA54ID5RCG00000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 325px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 19px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (i) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-weight: bold;"&gt;Changes in working capital &lt;/span&gt;&lt;span style="font-weight: bold; vertical-align: super; font-size: 8pt;"&gt;(*)&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Inventories &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,329,865&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,085,024&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;818,913&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables and prepayments and current tax assets &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (155,449&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (79,912&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;67,610&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Trade receivables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,208,278&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (356,069&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;414,826&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Other liabilities &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;57,389&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,892&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (36,000&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Customer advances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;151,066&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;44,661&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (29,253&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Trade payables &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;353,892&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;399,988&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (180,807&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (2,131,245&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (1,071,464&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;1,055,289&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (ii) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Income tax accruals less payments &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 6%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 61%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tax accrued &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;617,236&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;189,448&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;23,150&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Taxes paid &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (359,585&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (153,846&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (140,364&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; 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    <ifrs-full:DisclosureOfRelatedPartyExplanatory contextRef="D20221231_3" id="Tag104">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"&gt;&lt;span style="font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;30&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: bold; margin-left: 30px;"&gt;Related party transactions&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;As of December 31, 2022:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div id="t_ft_NZOC5X6TN400000000000000000000b"&gt;&lt;table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 82px; font-family: 'times new roman'; font-size: 10pt;"&gt;&lt;tbody&gt;&lt;tr style="height: 24px;"&gt;&lt;td style="width: 3%; height: 24px; text-align: left; padding: 0px; vertical-align: top;" valign="top"&gt;&lt;span style="font-size: 8pt;"&gt;&#x25a0;&lt;/span&gt;&lt;/td&gt;&lt;td style="width: 97%; height: 24px;"&gt;&lt;p&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;San&#160;Faustin&#160;owned&#160;713,605,187&#160;shares in the Company, representing&#160;60.45% of the Company&#x2019;s capital and voting rights.&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 24px;"&gt;&lt;td style="height: 24px; text-align: left; padding: 0px; vertical-align: top;" valign="top"&gt;&lt;span style="font-size: 8pt;"&gt;&#x25a0;&lt;/span&gt;&lt;/td&gt;&lt;td style="height: 24px;"&gt;&lt;p&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; San&#160;Faustin&#160;owned all of its shares in the Company through its wholly-owned subsidiary&#160;Techint&#160;Holdings S.&#xe0;r.l., a Luxembourg&#160;soci&#xe9;t&#xe9;&#160;&#xe0;&#160;responsabilit&#xe9;&#160;limit&#xe9;e&#160;(&#x201c;Techint&#x201d;), who is the holder of record of the above-mentioned&#160;Tenaris&#160;shares. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; text-align: left; padding: 0px; vertical-align: top;" valign="top"&gt;&lt;span style="font-size: 8pt;"&gt;&#x25a0;&lt;/span&gt;&lt;/td&gt;&lt;td style="height: 17px;"&gt;&lt;p&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Rocca &amp;amp; Partners&#160;Stichting&#160;Administratiekantoor&#160;Aandelen&#160;San&#160;Faustin, a private foundation located in the Netherlands (Stichting) (&#x201c;RP STAK&#x201d;) held voting shares in San&#160;Faustin&#160;sufficient in number to control San&#160;Faustin. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="height: 17px; text-align: left; padding: 0px; vertical-align: top;" valign="top"&gt;&lt;span style="font-size: 8pt;"&gt;&#x25a0;&lt;/span&gt;&lt;/td&gt;&lt;td style="height: 17px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -27.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;No person or group of persons controls RP STAK.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Based on the information most recently available to the Company, Tenaris&#x2019;s directors and senior management as a group owned 0.07% of the Company&#x2019;s outstanding shares.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div&gt;&lt;div id="t_ft_486O6RN0Y800000000000000000000b"/&gt;&lt;/div&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Transactions and balances disclosed as with &#x201c;non-consolidated parties&#x201d; are those with companies over which Tenaris exerts significant influence or joint control in accordance with IFRS, but does not have control. All other transactions and balances with related parties which are not non-consolidated parties and which are not consolidated are disclosed as &#x201c;Other&#x201d;. The following transactions were carried out with related parties:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div id="t_ft_IWTPTYPKWW00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 238px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (i) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Transactions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (a) Sales of goods and services &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Sales of goods to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;71,879&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;20,183&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Sales of goods to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;151,884&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;76,467&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,243&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Sales of services to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,407&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,161&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,829&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Sales of services to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;109,123&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49,268&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,049&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;366,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;201,775&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;49,304&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (b) Purchases of goods and services &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 6%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62.5%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Purchases of goods to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;656,877&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;294,929&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;84,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Purchases of goods to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;51,040&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;32,453&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12,892&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Purchases of services to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,759&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,763&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,979&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Purchases of services to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;36,767&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,806&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;758,443&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;350,951&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;122,489&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div id="t_ft_T893XNVSR400000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 22.2017%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (ii) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Period-end balances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (a) Arising from sales / purchases of goods / services &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;69,135&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;66,896&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;78,370&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;33,122&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Payables to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (142,228&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (45,092&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Payables to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (13,283&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,125&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (8,006&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;52,801&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (b) Financial debt &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Finance lease liabilities from non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,650&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,936&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Finance lease liabilities from other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (483&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (624&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (2,133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (2,560&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 11pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In addition to the tables above, the Company issued various guarantees in favor of Techgen and GPC; for further details, please see note 13 (c and d) and note 26 (ii) to these Consolidated Financial Statements. No other material guarantees were issued in favor of other related parties.&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-style: italic; font-weight: bold;"&gt;Directors&lt;/span&gt;&lt;span style="font-style: italic; font-weight: bold;"&gt; and senior management compensation&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;During the years ended December 31, 2022, 2021 and 2020, the cash compensation of Directors and Senior managers amounted to $35.2 million, $37.7 million and $27.4 million respectively. These amounts include cash benefits paid to certain senior managers in connection with the pre-existing retirement plans. In addition, Directors and Senior managers received 437, 382 and 522 thousand units for a total amount of $5.1 million, $3.9 million and $5 million respectively in connection with the Employee retention and long-term incentive program mentioned in note II.P.3 &#x201c;Employee benefits &#x2013; &lt;span style="font-style: italic;"&gt;Other long&lt;/span&gt;&lt;span style="font-style: italic;"&gt;-&lt;/span&gt;&lt;span style="font-style: italic;"&gt;term benefits&lt;/span&gt;&lt;span style="font-style: italic;"&gt;&#x201d;&lt;/span&gt; to these Consolidated Financial Statements.&lt;/span&gt;&lt;/p&gt;</ifrs-full:DisclosureOfRelatedPartyExplanatory>
    <ifrs-full:NumberOfSharesIssued
      contextRef="I20221231_SanFaustinSaMember"
      decimals="0"
      id="Tag213"
      unitRef="Shares">713605187</ifrs-full:NumberOfSharesIssued>
    <ts:PercentageOfOwnershipInterest
      contextRef="I20221231_SanFaustinSaMember"
      decimals="4"
      id="Tag212"
      unitRef="Pure">0.6045</ts:PercentageOfOwnershipInterest>
    <ts:PercentageOfOwnershipInterest
      contextRef="I20221231_KeyManagementPersonnelOfEntityOrParentMember"
      decimals="4"
      id="Tag211"
      unitRef="Pure">0.0007</ts:PercentageOfOwnershipInterest>
    <ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory contextRef="D20221231_3" id="Tag91">&lt;div id="t_ft_IWTPTYPKWW00000000000000000000b"&gt;&lt;table cellpadding="0" style="height: 238px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (i) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Transactions &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (a) Sales of goods and services &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Sales of goods to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100,019&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;71,879&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;20,183&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Sales of goods to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;151,884&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;76,467&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,243&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Sales of services to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,407&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;4,161&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,829&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Sales of services to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;109,123&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;49,268&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5,049&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;366,433&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;201,775&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;49,304&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (b) Purchases of goods and services &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 6%;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62.5%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Purchases of goods to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;656,877&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;294,929&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;84,485&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Purchases of goods to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;51,040&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;32,453&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;12,892&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Purchases of services to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,759&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;9,763&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;6,979&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Purchases of services to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;36,767&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;13,806&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;18,133&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;758,443&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;350,951&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;122,489&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div id="t_ft_T893XNVSR400000000000000000000b"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="4" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 22.2017%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; At December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (ii) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Period-end balances &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (a) Arising from sales / purchases of goods / services &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;69,135&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;66,896&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Receivables from other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;78,370&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;33,122&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Payables to non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (142,228&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (45,092&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Payables to other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (13,283&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (2,125&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (8,006&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;span style="font-weight: bold;"&gt;)&lt;/span&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;52,801&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; (b) Financial debt &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Finance lease liabilities from non-consolidated parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,650&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; (1,936&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;)&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Finance lease liabilities from other related parties &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; 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margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;Total fees accrued for professional services rendered by PwC Network firms to Tenaris S.A. and its subsidiaries are detailed as follows:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;table cellpadding="0" style="height: 122px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; width: 64.8036%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 31.4955%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.8036%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Audit fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,966&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,804&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,781&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Audit-related fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;255&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;220&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;134&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tax fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; width: 1.13293%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;102&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; All other fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,232&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,029&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,017&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfAdditionalInformationExplanatory>
    <ifrs-full:DisclosureOfAuditorsRemunerationExplanatory contextRef="D20221231_3" id="Tag402">&lt;table cellpadding="0" style="height: 122px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 20px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; width: 64.8036%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 31.4955%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Year ended December 31, &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.8036%;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; &#160; &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Audit fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,966&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,804&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;3,781&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Audit-related fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;255&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;220&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;134&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Tax fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; width: 1.13293%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;102&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; All other fees &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;11&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;5&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; - &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Total &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,232&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,029&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: right;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;4,017&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</ifrs-full:DisclosureOfAuditorsRemunerationExplanatory>
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      id="Tag416"
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    <ifrs-full:DisclosureOfInterestsInSubsidiariesExplanatory contextRef="D20221231_3" id="Tag3087">&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"&gt;&lt;span style="font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;32&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: bold; margin-left: 30px;"&gt;Principal subsidiaries&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;The following is a list of Tenaris&#x2019;s principal subsidiaries and its direct and indirect percentage of ownership of each controlled company at December 31, 2022.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 9pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;div style="border-right: none; border-left: none;"&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; background-color: #ffffff; width: 100%; height: 442px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 33.36%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 12.5%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Country of Incorporation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 27.84%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Main activity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 26.32%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-weight: bold;"&gt;Percentage of ownership at December 31,&#160;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; ALGOMA TUBES INC. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Canada &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; CONFAB INDUSTRIAL S.A. and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Brazil &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded steel pipes and capital goods &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; DALMINE S.p.A. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Italy &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; HYDRIL COMPANY and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacture and marketing of premium connections &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; IPSCO TUBULARS INC. and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; MAVERICK TUBE CORPORATION and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; P.T. SEAMLESS PIPE INDONESIA JAYA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Indonesia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;89% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;89% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;89% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; S.C. SILCOTUB S.A. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Romania &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAUDI STEEL PIPE CO. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Saudi Arabia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SIAT SOCIEDAD ANONIMA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Argentina &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (a) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Argentina &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TALTA - TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Portugal &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding Company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS BAY CITY, INC. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS CONNECTIONS BV &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Netherlands &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Development, management and licensing of intellectual property &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS FINANCIAL SERVICES S.A. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Uruguay &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Financial company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS GLOBAL SERVICES (CANADA) INC. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Canada &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Marketing of steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Marketing of steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS GLOBAL SERVICES (UK) LTD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; United Kingdom &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding company and marketing of steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS GLOBAL SERVICES S.A. and subsidiaries (except detailed) (b) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Uruguay &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding company, marketing and distribution of steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS INVESTMENTS (NL) B.V. and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Netherlands &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS INVESTMENTS S.&#xe0;r.l. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Luxembourg &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS QINGDAO STEEL PIPES LTD. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; China &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Processing of premium joints, couplings and automotive components &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS TUBOCARIBE LTDA. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Colombia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TUBOS DE ACERO DE MEXICO, S.A. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Mexico &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 10pt; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 51px;"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="width: 3%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;(*)&lt;/span&gt;&lt;/td&gt;&lt;td style="width: 97%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"&gt;&lt;span&gt;&lt;span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;All percentages rounded.&lt;/span&gt;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: top; width: 3%; height: 17px;" valign="top"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;(a)&lt;/span&gt;&lt;/td&gt;&lt;td style="vertical-align: top; width: 97%; height: 17px;" valign="top"&gt;&lt;span&gt;Tenaris&lt;span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;&#160;holds 51% of&#160;&lt;/span&gt;NKKTubes&lt;span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;.&lt;/span&gt;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="vertical-align: top; width: 3%; height: 17px;" valign="top"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 9pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;(b)&lt;/span&gt;&lt;/td&gt;&lt;td style="vertical-align: top; width: 97%; height: 17px;" valign="top"&gt;&lt;span&gt;Tenaris&lt;span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;&#160;holds 98.4% of&#160;&lt;/span&gt;Tenaris&lt;span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;&#160;Supply Chain S.A. and 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of&#160;&lt;/span&gt;Amaja&lt;span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;&#160;Tubular Services Limited and 60% of&#160;&lt;/span&gt;Tenaris&lt;span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;&#160;&lt;/span&gt;Baogang&lt;span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;&#160;&lt;/span&gt;Baotou&lt;span style="font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"&gt;&#160;Steel Pipes Ltd, and until 2021 held 49% of Tubular Services Angola&#160;Lda.&lt;/span&gt;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;</ifrs-full:DisclosureOfInterestsInSubsidiariesExplanatory>
    <ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory contextRef="D20221231_3" id="Tag695">&lt;div style="border-right: none; border-left: none;"&gt;&lt;div style="border-left: none; border-right: none;"&gt;&lt;table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; background-color: #ffffff; width: 100%; height: 442px;" width="100%"&gt;&lt;tbody&gt;&lt;tr style="height: 17px;"&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 33.36%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 12.5%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Country of Incorporation &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 27.84%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt; Main activity &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 26.32%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;span style="font-weight: bold;"&gt;Percentage of ownership at December 31,&#160;&lt;sup&gt;(*)&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2022&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2021&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"&gt;2020&lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; ALGOMA TUBES INC. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Canada &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; CONFAB INDUSTRIAL S.A. and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Brazil &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded steel pipes and capital goods &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; DALMINE S.p.A. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Italy &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; HYDRIL COMPANY and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacture and marketing of premium connections &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; IPSCO TUBULARS INC. and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; MAVERICK TUBE CORPORATION and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; P.T. SEAMLESS PIPE INDONESIA JAYA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Indonesia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;89% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;89% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;89% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; S.C. SILCOTUB S.A. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Romania &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SAUDI STEEL PIPE CO. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Saudi Arabia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;48% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SIAT SOCIEDAD ANONIMA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Argentina &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (a) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Argentina &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TALTA - TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Portugal &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding Company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS BAY CITY, INC. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS CONNECTIONS BV &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Netherlands &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Development, management and licensing of intellectual property &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS FINANCIAL SERVICES S.A. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Uruguay &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Financial company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS GLOBAL SERVICES (CANADA) INC. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Canada &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Marketing of steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; USA &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Marketing of steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS GLOBAL SERVICES (UK) LTD &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; United Kingdom &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding company and marketing of steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS GLOBAL SERVICES S.A. and subsidiaries (except detailed) (b) &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Uruguay &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding company, marketing and distribution of steel products &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS INVESTMENTS (NL) B.V. and subsidiaries &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Netherlands &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS INVESTMENTS S.&#xe0;r.l. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Luxembourg &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Holding company &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS QINGDAO STEEL PIPES LTD. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; China &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Processing of premium joints, couplings and automotive components &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px; background-color: #cceeff;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TENARIS TUBOCARIBE LTDA. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Colombia &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of welded and seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style="height: 17px;"&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; TUBOS DE ACERO DE MEXICO, S.A. &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Mexico &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"&gt;&lt;p style="margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt; Manufacturing of seamless steel pipes &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;"&gt;&lt;p style="margin: 0pt; text-align: center;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;100% &lt;/span&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;p style="line-height: 10pt; 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    <ts:DisclosureOfNationalizationOfSubsidiariesTextBlock contextRef="D20221231_3" id="Tag781">&lt;p style="line-height: 12pt; margin: 0px; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; color: #003366;"&gt;&lt;span style="font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;34&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: bold; margin-left: 30px;"&gt;Nationalization of Venezuelan subsidiaries&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In May 2009, within the framework of Decree Law 6058, Venezuela&#x2019;s President announced the nationalization of, among other companies, the Company's majority-owned subsidiaries TAVSA - Tubos de Acero de Venezuela S.A. (&#x201c;Tavsa&#x201d;) and, Matesi Materiales Sider&#xfa;rgicos S.A (&#x201c;Matesi&#x201d;), and Complejo Sider&#xfa;rgico de Guayana, C.A (&#x201c;Comsigua&#x201d;), in which the Company has a non-controlling interest (collectively, the &#x201c;Venezuelan Companies&#x201d;). Tenaris and its wholly-owned subsidiary, Talta - Trading e Marketing Sociedad Unipessoal Lda (&#x201c;Talta&#x201d;), initiated arbitration proceedings against Venezuela before the ICSID in Washington D.C. in connection with these nationalizations and obtained favorable awards, which are final and not subject to further appeals.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;"&gt;Matesi&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;On January 29, 2016, the tribunal released its award on the arbitration proceeding concerning the nationalization of Matesi. The award upheld Tenaris&#x2019;s and Talta&#x2019;s claim that Venezuela had expropriated their investments in Matesi in violation of Venezuelan law as well as the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. The award granted compensation in the amount of $87.3 million for the breaches and ordered Venezuela to pay an additional amount of $85.5 million in pre-award interest, aggregating to a total award of $173 million (including $0.2 million of legal fees), payable in full and net of any applicable Venezuelan tax, duty or charge. The tribunal granted Venezuela a grace period of six months&#160;from the date of the award to make payment in full of the amount due without incurring post-award interest, and resolved that if no, or no full, payment is made by then, post-award interest will apply at the rate of 9% per annum compounded at &lt;span style="-sec-ix-hidden:Tag3220"&gt;six&lt;/span&gt;-monthly rests from the date of the award until payment in full. As of December 31, 2022, post-award interest calculated at the award rate amounted to approximately $144.7 million and, accordingly, the total amount owed by Venezuela under the award as of December 31, 2022 was $317.7 million.&#160;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;div/&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;On June 8, 2018, Tenaris and Talta filed an action in federal court in the District of Columbia to recognize and enforce the award in the United States. On July 17, 2020, the Court entered judgment recognizing the Matesi award. The judgment orders Venezuela to pay to Tenaris and Talta an amount of $256.4 million, including principal and post-award interest through the judgment date, and provides for post-judgment interest to accrue on this sum at the U.S. federal statutory rate. As of December 31, 2022, post-judgement interest calculated at the U.S. judgment rate amounted to approximately $0.9 million and, accordingly, the total amount owed by Venezuela under the U.S. judgment as of December 31, 2022 was $257.3 million. The U.S. judgment, however, may not be enforced in the United States to the extent prohibited by the Venezuelan sanctions regulations issued by the U.S. Treasury Department&#x2019;s Office of Foreign Assets Control currently in effect.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;"&gt;Tavsa and Comsigua&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;On December 12, 2016, the tribunal issued its award upholding Tenaris&#x2019;s and Talta&#x2019;s claim that Venezuela had expropriated their investments in Tavsa and Comsigua in violation of the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. The award granted compensation in the amount of $137 million and ordered Venezuela to pay an additional amount of $76 million in pre-award interest and to reimburse Tenaris and Talta $3.3 million in legal fees and ICSID administrative costs. In addition, Venezuela was ordered to pay interest from April 30, 2008 until the day of effective payment at a rate equivalent to LIBOR + 4% per annum. As of December 31, 2022, post-award interest calculated at the award rate amounted to approximately $85.1 million and, accordingly, the total amount owed by Venezuela under the award as of December 31, 2022 was $301.4 million. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;On June 8, 2018, Tenaris and Talta filed an action in federal court in the District of Columbia to recognize and enforce the award in the United States. On August 24, 2021, the court entered judgment in favor of Tenaris and Talta and against Venezuela in the amount of $276.9 million, with post-judgment interest accruing from the date of judgment at the federal statutory post-judgment interest rate. On November 5, 2021, the court, in response to a motion by Tenaris and Talta, amended the judgment amount to $280.7 million, with post-judgment interest continuing to accrue from August 24, 2021 at the federal statutory post-judgment interest rate. As of December 31, 2022, post-judgement interest calculated at the U.S. judgment rate amounted to approximately $0.2 million and, accordingly, the total amount owed by Venezuela under the U.S. judgment as of December 31, 2022 was $280.9 million. The U.S. judgment, however, may not be enforced in the United States to the extent prohibited by the Venezuelan sanctions regulations issued by the U.S. Treasury Department&#x2019;s Office of Foreign Assets Control currently in effect.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold;"&gt;&lt;span style="font-size: 10pt; font-style: italic; font-weight: bold;"&gt;Transfer of the Awards and Judgements&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;On January 25, 2023, Tenaris and Talta entered into an awards purchase agreement with an unaffiliated purchaser pursuant to which Tenaris and Talta agreed to sell all of their rights, title and interests in the above-referenced claims, awards and judgements, including all post-award or post-judgement interest accruing on the awards and judgements, for a purchase price of $81 million, plus a non-refundable signing payment of $1 million as reimbursement of expenses. 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(&#x201c;JFE&#x201d;), is operated by NKKTubes, a company owned 51% by Tenaris and 49% by JFE. Steel bars and other essential inputs and services for NKKTubes are supplied under a long-term agreement by JFE. &lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;On March 27, 2020, JFE informed Tenaris of its decision to permanently cease as from JFE&#x2019;s fiscal year ending March 2024 the operations of its steel manufacturing facilities located at the Keihin complex. In light of that development, Tenaris and JFE engaged in discussions and ultimately determined that the project was no longer economically sustainable. Accordingly, on November 2, 2021, Tenaris and JFE agreed to terminate amicably their joint venture and liquidate NKKTubes, and on November 2, 2022, entered into a definitive wrap-up agreement. Under these agreements:&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;a)&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;"&gt;NKKTubes&#x2019; manufacturing and production operations were closed by June 30, 2022;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;b)&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;"&gt;the lease agreement of the Keihin steel complex between JFE and NKKTubes was terminated as of September 30, 2022; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;c)&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;"&gt;all tangible fixed assets owned by NKKTubes and placed in the Keihin steel complex were either purchased by JFE or removed and disposed of; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;d)&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;"&gt;NKKTubes started its liquidation process on November 30, 2022; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;e)&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;"&gt;all agreements that allowed the operation of the joint venture will terminate progressively in accordance with NKKTubes&#x2019; operational needs until liquidation is accomplished; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;f)&lt;span style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; margin-left: 13px;"&gt;all agreements with local Japanese customers and subcontractors were terminated; &lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; 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line-height: normal; margin-left: 13px;"&gt;all related dissolution and liquidation costs were allocated between the parties.&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;In July, 2022, Tenaris and JFE entered into an agreement for the provision of tubular material, including &lt;span style="font-style: italic;"&gt;13 Chrome &lt;/span&gt;alloy products, thereby ensuring a continued supply of such products to international customers after NKKTubes&#x2019; closure.&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="line-height: 12pt; 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    <ts:DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock contextRef="D20221231_3" id="Tag3157">&lt;div style="font-family: 'times new roman', times;"&gt;&lt;p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"&gt;&lt;span style="font-family: 'times new roman', times; color: #003366;"&gt;&lt;span style="font-size: 10pt; font-weight: bold;"&gt;&lt;span style="border-left: none; border-right: none;"&gt;39&lt;/span&gt;&lt;/span&gt;&lt;span style="font-weight: bold; margin: 0pt 0pt 0pt 21.3pt; line-height: 12pt; text-align: justify; text-indent: -21.3pt;"&gt;&lt;span style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;"&gt;Update as of March 31, 2023&lt;sup&gt;1&lt;/sup&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 10pt; line-height: 12pt; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"&gt;Contingencies, commitments and restrictions on the distribution of profits updates&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"&gt;&lt;span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="font-size: 10pt; margin: 0cm 0cm 0.0001pt; line-height: 1.2; text-align: justify; font-family: 'Times New Roman', 'serif';"&gt;&lt;span style="font-family: 'Frutiger 45 Light', 'sans-serif'; margin: 0cm 0cm 0.0001pt; line-height: inherit; text-align: justify;"&gt;Information contained in note 26&lt;span style="font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;&#x201c;Contingencies, &lt;span style="line-height: inherit;"&gt;commitments&lt;/span&gt; and restrictions on the distribution of profits&lt;span style="line-height: inherit;"&gt;&lt;i&gt;&#x201d;&lt;/i&gt;&lt;/span&gt;&lt;/span&gt; was amended reflecting the latest updates on the following cases: &#x201c;&lt;i style="mso-bidi-font-style: normal;"&gt;CSN claims relating to the&#160;January 2012 acquisition of Usiminas&#x201d;, &#x201c;Putative class actions&#x201d; &lt;/i&gt;and &lt;i style="mso-bidi-font-style: normal;"&gt;&#x201c;U.S. patent infringement litigation&#x201d;.&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 10pt; margin: 0cm 0cm 0.0001pt; line-height: 1.2; text-align: justify; font-family: 'Times New Roman', 'serif';"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 12pt; text-align: justify; break-after: avoid; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2;"&gt;&lt;b style="mso-bidi-font-weight: normal;"&gt;&lt;i style="mso-bidi-font-style: normal;"&gt;&lt;span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;Tenaris to Increase its participation in Usiminas control group&lt;/span&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;On March 30, 2023, the Company&#x2019;s subsidiary, Confab, together with Tenaris&#x2019;s affiliates Ternium Investments and Ternium Argentina, all of which compose the T/T Group within Usiminas control group, entered into a share purchase agreement to acquire from the NSC Group, pro rata to their current participations in the T/T Group, 68.7 million ordinary shares of Usiminas at a price of BRL10 (approximately $1.9) per ordinary share. Pursuant to the transaction, Tenaris would pay approximately BRL 110 million (approximately $21 million) in cash for 11 million ordinary shares, increasing its participation in the Usiminas control group to 9.8%. Upon the closing of this transaction, the T/T Group will hold an aggregate participation of 61.3% in the control group, with the NSC Group and Previd&#xea;ncia Usiminas (Usiminas employees&#x2019; pension fund) holding 31.7% and 7.1%, respectively. The transaction is subject to approval by Brazil&#x2019;s antitrust authorities and will be financed with cash on hand.&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;The Company will continue having significant influence over Usiminas and consequently will continue accounting for its investment under the equity method.&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;&lt;span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;At closing, the existing Usiminas shareholders agreement will be replaced by a new shareholders agreement setting forth a new governance structure for Usiminas. The T/T Group will nominate a majority of the Usiminas board of directors, the chief executive officer and four other members of the Usiminas board of officers. Of the positions allocated to the T/T group, Tenaris will retain the right to nominate one member of the Usiminas board of directors and one members of the Usiminas board of officers. Ordinary decisions may be approved with a 55% majority of Usiminas&#x2019; control group shares. &lt;/span&gt;&lt;br/&gt;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; color: #000000; line-height: 1.2; text-align: justify;"&gt;&lt;br/&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2; text-align: justify;"&gt;&lt;span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;At any time after the second anniversary of the closing of the transaction, the T/T Group will have the right to buy the NSC Group&#x2019;s remaining interest in the Usiminas control group (153.1 million ordinary shares) at the higher of BRL10 per share and the 40-trading day average price per share immediately prior to the date of exercising the option. In addition, the NSC Group will have the right, at any time after the closing of the transaction, to withdraw its remaining shares from the control group and sell them in the open market after giving the T/T Group the opportunity to buy them at the 40-trading day average price per share, as well as the right, at any time after the second anniversary of the closing, to sell such shares to the T/T Group at BRL10 per share. Confab will have the right to participate in each such transaction pro rata to its current participation in the T/T group.&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"&gt;&lt;span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;&#160;&lt;/span&gt;&lt;/p&gt;&lt;p style="font-size: 12pt; margin: 0in 0in 0.0001pt; font-family: 'Times New Roman', 'serif'; line-height: 1.2;"&gt;&lt;span style="font-size: 10pt; font-family: 'Frutiger 45 Light', 'sans-serif'; line-height: inherit;"&gt;The Company will account for the transaction if and when the conditions precedent to closing are satisfied and the acquisition is completed.&lt;/span&gt;&lt;/p&gt;&lt;div style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;div id="t_ft_Q63TRPUERK00000000000000000000b"&gt;&lt;table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td style="width: 19.5968%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;td style="width: 80.4032%;"&gt;&lt;br/&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;div style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times;"&gt;&lt;sup&gt;1&lt;/sup&gt;&lt;/span&gt;&lt;span style="font-size: 10pt; font-family: 'times new roman', times;"&gt;This note was added subsequently to the approval of these Consolidated Financial Statements by the Company&#x2019;s Board of Directors on February 15, 2023.&lt;/span&gt;&lt;/div&gt;</ts:DisclosureOfEventsAfterReportingPeriodAndApprovalDateTextBlock>
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    <link:footnoteLink
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        <link:footnote id="footnote22" xlink:label="footnote22" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Includes balances related to interest in Venezuelan companies. See note <xhtml:span style="border-left: none; border-right: none; line-height: inherit;">34</xhtml:span> to these Consolidated Financial Statements.</link:footnote>
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        <link:footnote id="footnote21" xlink:label="footnote21" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"><xhtml:span style="border-right: none; border-left: none;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar for an amount of $</xhtml:span><xhtml:span style="border-left: none; border-right: none;">4.2</xhtml:span><xhtml:span style="border-right: none; border-left: none;"> million for </xhtml:span><xhtml:span style="border-left: none; border-right: none;">2022</xhtml:span><xhtml:span style="border-right: none; border-left: none;">, $</xhtml:span><xhtml:span style="border-left: none; border-right: none;">25.6</xhtml:span><xhtml:span style="border-right: none; border-left: none;"> million for </xhtml:span><xhtml:span style="border-left: none; border-right: none;">2021</xhtml:span><xhtml:span style="border-right: none; border-left: none;"> and $</xhtml:span><xhtml:span style="border-left: none; border-right: none;">3.8</xhtml:span><xhtml:span style="border-right: none; border-left: none;"> million for </xhtml:span><xhtml:span style="border-left: none; border-right: none;">2020</xhtml:span><xhtml:span style="border-right: none; border-left: none;">.</xhtml:span></link:footnote>
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        <link:footnote id="footnote30" xlink:label="footnote30" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"><xhtml:span style="border-right: none; border-left: none;"><xhtml:span style="font-style: italic; line-height: inherit;">Finance Income: </xhtml:span><xhtml:br/><xhtml:span style="color: #000000; line-height: inherit;">In <xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">2022</xhtml:span></xhtml:span>, <xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">2021</xhtml:span></xhtml:span> and <xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">2020</xhtml:span></xhtml:span> includes $<xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">33</xhtml:span></xhtml:span> million, $<xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">3.3</xhtml:span></xhtml:span> million and $<xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">6.5</xhtml:span></xhtml:span> million of interest related to instruments carried at FVPL, respectively. </xhtml:span><xhtml:br/><xhtml:span style="color: #000000; line-height: inherit;">In <xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">2022</xhtml:span></xhtml:span> also includes a realized loss of $<xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">10.5</xhtml:span></xhtml:span> million related to the change in FV of certain financial instruments obtained in an operation of settlement of trade receivables.</xhtml:span><xhtml:br/><xhtml:span style="color: #000000; line-height: inherit;">In <xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">2021</xhtml:span></xhtml:span> also includes $<xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">18</xhtml:span></xhtml:span> million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note <xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">6</xhtml:span></xhtml:span> to these Consolidated Financial Statements.</xhtml:span></xhtml:span></link:footnote>
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          xlink:href="#Tag1006"
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        <link:footnote id="footnote28" xlink:label="footnote28" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"><xhtml:span style="border-right: none; border-left: none;"><xhtml:span style="font-style: italic; line-height: inherit;">Foreign exchange derivatives contracts results:</xhtml:span><xhtml:br/><xhtml:span style="color: #000000; line-height: inherit;">In <xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">2022</xhtml:span></xhtml:span> includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen.</xhtml:span><xhtml:br/><xhtml:span style="color: #000000; line-height: inherit;">In <xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">2021</xhtml:span></xhtml:span> includes mainly losses on derivatives covering net liabilities in Euro and Japanese yen, partially offset by gains on derivatives covering net receivables in Brazilian real.</xhtml:span><xhtml:br/><xhtml:span style="color: #000000; line-height: inherit;">In <xhtml:span style="border-left: none; border-right: none;"><xhtml:span style="border-left: none; border-right: none;">2020</xhtml:span></xhtml:span> includes mainly gain on derivatives covering net receivables in Mexican peso, Brazilian real and Canadian dollar and net payables in Euro.</xhtml:span></xhtml:span></link:footnote>
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        <link:footnote id="footnote34" xlink:label="footnote34" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"><xhtml:span style="border-right: none; border-left: none;">Includes net disposals of $</xhtml:span><xhtml:span style="border-left: none; border-right: none;">96.6</xhtml:span><xhtml:span style="border-right: none; border-left: none;"> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</xhtml:span></link:footnote>
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        <link:footnote id="footnote35" xlink:label="footnote35" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">For <xhtml:span style="border-left: none; border-right: none;">2021</xhtml:span>, includes $<xhtml:span style="border-left: none; border-right: none;">95.8</xhtml:span> million related to NKKTubes lease agreement re-measurement due to joint venture termination.</link:footnote>
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        <link:loc
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        <link:footnoteArc
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          xlink:href="#Tag1076"
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          xlink:href="#Tag1085"
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          xlink:href="#Tag1112"
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          xlink:href="#Tag1124"
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        <link:footnote id="footnote19" xlink:label="footnote19" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">Mainly related to the agreement for the construction of Tenaris Baogang Baotou Steel Pipes Ltd.</link:footnote>
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        <link:loc
          xlink:href="#Tag1137"
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        <link:footnote id="footnote45" xlink:label="footnote45" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"><xhtml:span style="font-family: 'times new roman', times; line-height: inherit;"><xhtml:span style="border-right: none; border-left: none;"><xhtml:span style="line-height: inherit;">For <xhtml:span style="border-left: none; border-right: none;">2021</xhtml:span> a loss of $<xhtml:span style="border-left: none; border-right: none;">0.7</xhtml:span> million is attributable to demographic assumptions and a loss of $<xhtml:span style="border-left: none; border-right: none;">2.5</xhtml:span> million to financial assumptions</xhtml:span></xhtml:span><xhtml:span style="line-height: inherit;">.</xhtml:span></xhtml:span></link:footnote>
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        <link:footnoteArc
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          xlink:href="#Tag1155"
          xlink:label="Tag1155"
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        <link:footnoteArc
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        <link:footnoteArc
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          xlink:href="#Tag1262"
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        <link:loc
          xlink:href="#Tag1264"
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        <link:footnote id="footnote4" xlink:label="footnote4" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">On November 1, 2021 the Company transferred <xhtml:span style="border-left: none; border-right: none; line-height: inherit;">100</xhtml:span>% of the shares of Geneva Structural Tubes LLC (&#x201c;Geneva&#x201d;) to MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan for an aggregate price of $<xhtml:span style="border-left: none; border-right: none; line-height: inherit;">24.3</xhtml:span> million. The gain of this transaction ascended to approximately $<xhtml:span style="border-left: none; border-right: none; line-height: inherit;">6.8</xhtml:span> million.</link:footnote>
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          xlink:href="#Tag1265"
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        <link:footnote id="footnote5" xlink:label="footnote5" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">For more information see note <xhtml:span style="border-left: none; border-right: none; line-height: inherit;">26</xhtml:span> &#x201c;Contingencies, commitments and restrictions to the distribution of profits - <xhtml:span style="font-style: italic; line-height: inherit;">Contingencies - Petrobras-related proceedings and claims</xhtml:span>&#x201d;.</link:footnote>
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          xlink:href="#Tag1267"
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          xlink:href="#Tag1270"
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        <link:footnote id="footnote46" xlink:label="footnote46" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"><xhtml:span style="border-right: none; border-left: none;"><xhtml:span style="font-family: 'times new roman', times; line-height: inherit;">For <xhtml:span style="border-left: none; border-right: none;">2021</xhtml:span> a gain of $<xhtml:span style="border-left: none; border-right: none;">0.4</xhtml:span> million is attributable to demographic assumptions and a gain of $<xhtml:span style="border-left: none; border-right: none;">6.6</xhtml:span> million to financial assumptions.</xhtml:span></xhtml:span></link:footnote>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
